Your daily newsletter for 6 November, 2019 |
“A life spent making mistakes is not only more honorable, but also more useful than a life spent doing nothing.” – George Bernard Shaw |
Today's newsletter is sponsored by: |
Happy Wednesday, CoinMarketCap fam! Keep up the good work, wherever you are, whatever you're doing!  Today in history (1860), Abraham Lincoln was appointed as the 16th President of the United States.  In today's newsletter, we will be covering Ethereum (ETH) developers using the Lightning payments network to build bridges into the Bitcoin (BTC) ecosystem, President Erdogan expecting Turkey to finish testing digital lira in 2020 and Coca Cola using blockchain for $21-billion-per-year network. Today, we also have a special announcement from a sponsor, Titan. So be sure to check that out too! Please do not forget to answer the polls down below too! It's a great way to interact with you and hear what you have to say.  Happy reading!  |
Been a good week thus far  Over the past 24 hours, total market capitalization rose slightly from ~$251 billion to ~$253.7 billion, with most coins seeing gains in the ~1-3% range. 24-hour volume registered ~$90 billion. Notable mover of the day is VeChain (VET) and Algorand (ALGO), both up ~13.8% and ~17.8% for the day. BTC is currently trading at ~$9,390, up ~0.8% over yesterday. On the daily chart, BTC is still holding above its 21-, 50- and 100-day EMA support lines, and RSI is at ~58 (been in that region over the past week), indicative of moderate bullish momentum. BTC's 21-day EMA line has also crossed to the upside of its 50-day EMA line. BTC continues to be trading within its lower highs and lower lows trading pattern it has been trading within since late June this year.  |
Poll of the DayHow much do you agree with this statement: "I believe that Bitcoin (BTC)'s purpose is more so a store of value, than it is a transactional currency." |
Why or why not? Share with me in the polls!  |
BUIDL-ing bridges  Ethereum (ETH) developers are using the Lightning payments network to build bridges into the Bitcoin (BTC) ecosystem. Venture-backed crypto startup Radar, best known for its decentralized exchange (DEX) relayers for 0x has just launched a service, RedShift, that allows people to pay a lightning invoice from an ethereum wallet. MetaMask wallet users with an in-browser widget will be able to add a second widget to their browsers and paste a lightning invoice into the ethereum wallet. On the back end, Radar will swap the ETH for BTC and manage channels so the recipient is paid in BTC. This widget will eventually connect the user to a pool of market makers beyond Radar. According to Radar product lead Brandon Curtis, a large majority of the crypto community are "interested in multiple chains, in multiple assets, and want to build things that bridge between them". |
Digitized  Turkey's President Recep Tayyip Erdogan has directed the Turkish government to finish testing the national digital bank currency (CBDC), a national blockchain-based digital lira, by 2020. It is planned to be issued by the Central Bank in accordance with the 2020 Annual Presidential Program. The government intends to create a software platform for instant payments based on the digital lira, and will be involving the national technology innovation agency, the Scientific and Technological Research Council of Turkey (TUBITAK) in the project as well. The digital lira's launch is part of Turkey's plan to boost the local economy by creating a robust financial industry with a strong institutional system "that can respond to the financing needs of the real sector at a low cost, offer different financial instruments to a wide investor base through reliable institutions and support Istanbul's goal of becoming an attractive global financial center". |
Fast  The technology company managing IT operations for Coca Cola's bottlers, Coke One North America (CONA), is implementing a blockchain solution created by German software business SAP to handle its supply chain's cross-party transactions. The company oversees various franchises that manage almost 160,000 orders daily, which at times suffer from cross-party transactions that are inefficient and slow.  CONA expects to use blockchain to lower the time of order-reconciliation from 50 days to a mere few days via "an inter-organizational, transparent distributed ledger" that offers real-time insights of the transactions made by the network's bottlers. |
Blockchain term of the day  - Block height The number of blocks preceding the block in question on the blockchain, or can be thought of as total blocks in the chain before this point. |
Special announcement  - Massively Better Mining: Meet Titan  At the start of 2019, Bloq unveiled one of the most exciting and potentially transformative projects in its BloqLabs portfolio: Titan. To bookend the year, they are returning to the Lion City with an update on their vision and roadmap. Titan originally launched with a strong focus on solving an emerging issue: managing and optimizing a mine’s hardware at a massive scale, and have often joked that “plugging your miner into the network should be the last thing you get out of your chair to do.” Soon, the team realized that it’s not enough to make mines work better, and that they needed to make mining itself work better. This means delivering greater stability, accessibility, and transparency, worldwide. (With a name like “Titan”, they make no small plans.) Their proposed answer - the tokenization of mining hash power - should come to no surprise to anyone who has followed Titan’s parent company, Bloq, and its renowned founders. To learn more, come see Bloq Chairman Matthew Roszak and Titan CEO Ryan Condron about the tokenization of hashpower at “The Capital”. For extra credit, download the preliminary white paper and read ahead! |
Here are 5 Reasons to Attend The Capital - Partake in an event designed just for the crypto community
- Witness first-time public appearances by leaders in the space
- Tune in to unique discussions and speeches delivered by top speakers
- Connect and engage with diverse AND like-minded industry contributors
- Enjoy the official after-parties, surrounded by stunning cityscapes
Get full access here! |
Other news  Blockchain-based digital trading platform Tradewind Markets has launched a new "Origins" system on its platform to trace the sources of its physical gold and other precious metals.  Ripple's investment branch and tech incubator Xpring has completed a strategic investment into smart contract program, Flare Networks.  A draft document released by the European Union proposed that the union should contemplate creating its own digital currency. 
|
Crypto calendar  TBA - Justin Sun's lunch with Warren Buffett |
Bitcoin Dominance
 |
Daily Top 10
 |
Greatest Crypto Gainers
 |
Greatest Crypto Loses
 |
New on CoinMarketCap
 |
What you said "How much do you agree with this statement: "Would you prefer for this newsletter to be more condensed?"" The average vote was 5.2. Interesting... 24.1% of y'all voted a '1' and 24.1% of y'all voted a '10' too. |
"Why or why not?" I say "no" don't condense your newsletter because the information you put into newsletter has helped me research and read about many things that are going on in the crypto space. The knowledge I have gained just from your newsletter is outstanding! – Gee thank you for the nice words.  I like more facts and news – Understandably The news letter is fine – Always gotta look for ways to improve the reading experience for y’all!  Easy to manage – Trying to make it more bite-sized. I like the newsletter the way it is – Aww thank you! Too much text to read. – It def can get a little wordy at times.  Good short and to the point. - No it good – No you good. This is awesome. – Haha thank u! The newsletter is great as is. If anything, add more! – Interesting. Wouldn’t it then take up too much of your time of day?  Sweetened & condensed then I can bake a cake with the left over newsletter – lmao I prefer reading some articles in depth others I pass over. Depth brings context and insight. – I understand. I will try to find a nice middle ground, because the feedback is split. Disagree because I enjoy this newsletter just the way it is. – Thank you. No interest you run away once I pay no noo – Pay what? Because it reads faster! Time is gold – Time in monehh  You seem to have about the right amount currently. – Noted. Well I’m thinking of shifting things around a little, but the amount of content will stay the same! Look forward to this everyday the way it is....you getting tired? – Thank you! It’s so nice to hear that, and it means a great deal. I’m just thinking of how to make the reader experience a better one for you all.  Sometimes I don't have much time to read through all the details and just skim through, unless I find something particularly interesting. – Understandably so. Keep up the good work ! Don't alter it, it's a very nice newsletter as right now  oh, and keep the smilies too ! Oh, maybe an improvement can be made to the crypto calendar ? Don't know how. – Yeah I see your point about the calendar. I believe it’ll be better in a table form. Will look into it.  Just need a quick look at the market – That will be sorted out! Very good broOooooo – Ty sirrrr i like it as it is – Cheers! It is the perfect size for a quick look at the market and enough bit sizes morels to read it think on it and move on – Cool! Great to hear that. i find the present quite balanced. i look forward to it everyday. thanks to the team for doing awesome work.. – Bless you i think it's good as is. interesting read. I like the quotes you usually have at the top too – Those are good, huh? Happy you enjoy them! |
Thank you all for reading! Catch you back here again next tomorrow for your daily dose of crypto news!  |
See you again tomorrow! our newsletter? Share with a friend! our newsletter? Spam your enemy! |
Dare to do |
Like what you see? Want to advertise with us? Write in to us here!  Want to see a particular coin be listed on our site? Write in to us here! |
Be friends with CoinMarketCap! |
|
|
|
|
