Push on

Publikováno: 2.10.2019

CoinMarketCap Daily Newsletter Your daily newsletter for 2 October, 2019 “Perseverance is failing 19 times and succeeding the 20th.” – Julie Andrews Eyes on it Over the last 24 hours, total market capitalization dipped from ~$222.9 billion to ~$219.2 billion, with most coins seeing losses in the […]

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Your daily newsletter for 2 October, 2019

“Perseverance is failing 19 times and succeeding the 20th.”

– Julie Andrews

Eyes on it

Over the last 24 hours, total market capitalization dipped from ~$222.9 billion to ~$219.2 billion, with most coins seeing losses in the ~2-6% range. 24-hour volume registered ~$51.7 billion in that time.

BTC is currently trading at ~$8,260, down ~2.2% over yesterday. It seems that BTC is likely to head back down to test the $8,000 support zone. It's gonna be interesting to see if BTC can stay above this level, which it broke to the upside of back in June. On the daily chart, the 50-day EMA line is close to crossing to the downside of the 100-day EMA line, and RSI is at ~28.6 (indicative of strong bearish momentum).

Identifying solutions

BitShares Decentralized Exchange's (DEX) gateway CryptoBridge has declared that it has incorporated mandatory user Know-Your-Client (KYC) authentication.

CryptoBridge revealed that the company wished to challenge international financial regulation, "facing the 5th EU Anti-Money Laundering Directive (AMLD5)" by "adjusting our [their] gateway services to pave the way for CryptoBridge moving forward".

Users have to be identified before they proceed to use the services, to protect customers and CryptoBridge from being held responsible for potential illegal motives or money laundering. The AMLD5 regulation also speeds up the listing of security tokens on CryptoBridge.

Staying open

Amidst problematic signs shown by European watchdogs toward Facebook's Libra stablecoin, Switzerland continues to keep an "open mind, with an attitude that same risks require same rules".

For a long time, the country has been a hub of cryptocurrency progress, and is home to "over 700 blockchain companies, including the Geneva-based Libra Association" that oversees the project.

According to Mark Branson, CEO of the Swiss Financial Market Supervisory Authority (FINMA), Libra is transparent and he is instead more fearful of "projects which develop in a dark corner in the financial system somewhere".

And another one

Ex employees of Intel, JPMorgan and TrustToken have revealed a revenue-sharing dollar-backed stablecoin, USDD Digital (USDD) token, under their new Global Currency Organization (GCO).

It claims to offer a 50-50 revenue sharing model, and transparency as it is built on the Ethereum (ETH) blockchain.

CEO Joe Vellanikaran says he saw the value in offering the stablecoin, particularly in transporting money across markets, as it reduces "long delays and conversion fees".

Blockchain term of the day - Masternodes

Masternodes are a server maintained by its owner, somewhat like full nodes, but with additional functionalities such as anonymizing transactions, clearing transactions, and participating in governance and voting. It was initially popularized by Dash to reward owners of these servers for maintaining a service for the blockchain.

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Other news

RCS Global, a Berlin-based blockchain company, is using mine-to-market technology solutions to combat conflict minerals in Congo.
Howard Surloff, a BlackRock and Goldman Sachs veteran, has become general counsel of prime cryptocurrency wallet provider, Blockchain.com.
Spring Labs, a blockchain startup, will be creating a national property lien registry to track liens in a billion-dollar energy-efficient loan market.