Your daily newsletter for 30 September, 2019 |
“A leader is one who knows the way, goes the way, and shows the way.” – John C. Maxwell |
Welcome back, CMC fam! Hope you all had a restful weekend and are doing well wherever you are.  Today is already the last day of September! As we usher in the final quarter of the year, here's a reminder to continue pushing forward to finish off 2019 strong! Today in history (1846), anaesthetic ether made its debut when American dentist Dr William Moreton used it while extracting a tooth. In today's newsletter, we will be covering energy commodities trading software launching on Hyperledger Fabric, Asian institutions finally warming to crypto hedge funds and North Syrian school taking a baby step toward a blockchain society. 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!  |
Take note  Over the weekend, as with most other weekends, crypto markets were relatively quiet and we saw total market capitalization bouncing within a tight range of ~$212.1 billion and ~$217.6 billion. However, just a few hours ago, total market capitalization dipped below that range to ~$209 billion, but quickly rebounded to ~$214.8 billion where it currently remains.  24-hour volume registered an average of ~$50 billion over the weekend. BTC is currently trading at ~$8,050. Just a few hours ago, it was trading below the $8,000 mark at ~$7,840, for the first time since mid June 2019. The $8,000 region is one to take notice of, as it a moderate support level for BTC. Back in mid May to mid June, BTC broke to the upside of this zone and shortly after commenced its parabolic rise to ~$12,500. Should BTC break below this support zone, we could very well see it falling back to $4,000-$6,000 range. On the daily chart, the 50-day EMA line is also about to cross to the downside of its 100-day EMA line, signaling a bearish cycle approaching. RSI is at ~28, indicative of strong bearish momentum as well.  |
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A new solution  EnHelix Marketplace, a new software based on the Hyperledger Fabric blockchain, has began operations for commodities trading in the gas industry.  The software simplifies commodities trading with applications, backing every step of the procedure - together with blockchain smart contracts, the speed of trading activities increase, and "avoid data reconciliations and messy data interfaces". The software has captivated the interest of 50 industry players, including consulting business Flexera Global. According to Flexera COO, David Olson, EnHelix's blockchain system tackles various problems within commodity trading such as errors, omissions, latency and nefarious activity. |
Growing interest  Asian institutional investors, many who are high-net-worth individuals and families new to digital assets, are expanding interest in designating a small part of their portfolios to cryptocurrency hedge funds.  Jett Li, chief investment officer at Hong Kong-based cryptocurrency hedge fund BBShares, affirmed that the speed of this year's institutional investor allocation to cryptocurrency "has been much faster", a sentiment similarly echoed by co-founder of cryptocurrency trading business Amber Group's Tiantian Kullander. It is clear that solid developments are finally happening in Asia, and being prepared before institutions use capital to cryptocurrency simultaneously offers a first-mover advantage to believers of institutional use.  |
Seeking the light  Open Academy, a new school in North Syria, is tackling one of the area's biggest challenges - the absence of education for young people due to the Syrian Civil War. Many students are interested in Bitcoin (BTC) and blockchain, trusting that they deliver reliability after years of turmoil. Many also believe that they can complement its societal model, built on an ethos of decentralization. At school, they have to grasp coding basics before completing blockchain projects.  |
Blockchain term of the day  - Double spendingA situation where a sum of money is (illegitimately) spent more than once. |
It's so awesome to hear that some of you have reserved your spot for The Capital! We're excited for you to join our first face-to-face crypto event dedicated to the CMC community. Here are 4 reasons you should attend The Capital! The things you'll learn Listen, discuss, ponder, and repeat. Knowledge is power! The people you'll meet - Leave Singapore with a wider social network - one that spans across oceans The sights you'll see - Not to brag, but our venue is pretty dope! Singapore also boasts some iconic architecture that makes for quality photos The hope and motivation you'll gain
Be encouraged by people who are running their hardest to see the crypto dream become a reality. Who knows? You might end up joining them, partnering up, or starting your own thing! If you do happen to make it out, shoot me a message to let me know you're there! Hate going to a conference alone? Invite your friends! Tickets are on us. |
Other news  The National Basketball Association (NBA) stopped basketball player Spencer Dinwiddle from tokenizing part of his contract earnings.  All major lightning software clients in Bitcoin (BTC)'s lightning network have been improved to fix a harmful bug.  American footwear brand New Balance has confirmed that it will use the Cardano blockchain to help customers authenticate products. 
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Crypto calendar  29 Sept - U.S. SEC's decision on the Wilshire Phoenix's Bitcoin and Treasury Investment Trust ETF application, under the NYSE Arca exchange (initial decision) 13 Oct - U.S. SEC's decision on the Bitwise Asset Management's Bitcoin ETF application, under the NYSE Arca exchange (final decision) TBA - Justin Sun's lunch with Warren Buffett |
Bitcoin Dominance
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Daily Top 10
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Greatest Crypto Gainers
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Greatest Crypto Loses
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New on CoinMarketCap
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Poll of the DayHow much do you agree with this statement: "I believe we are not done with the bear run just yet". |
Why or why not? Share with me in the polls!  |
What you said"How much do you agree with this statement: "I love dips in crypto because I get to acquire more crypto for cheap."" The average vote was 8.4. 57.1% of y'all voted a 10! Same here! Have been accumulating each time there's a dip! |
"Why or why not?" History repeats itself – Then it’s a great time for us who believe in the long-run of crypto! Dollar-cost-average in and accumulate!  Not steady – It’ll never be steady, at least in the current and foreseeable landscape. This is a nascent industry, and as with other nascent industries in the past, significant price volatility is expected. The early stages of any new industry are usually accompanied with lotsa speculation, which is what generally attracts people into the space in the first place. Yes – Good!  Buy low and sell high – Bread n butter. Easier said than done, hah!  I am all about a price break (after the due diligence of course). I am also subsequently and equally worried about my holdings, lol. That aside crypto still got a waaaaays to go; just some more turbulence right now is all, no problem. – Hahaha, definitely normal to feel the pinch of these downswings! But yeah, focus on the long run – it should make you feel better about your investments lol. Dollar cost averaging is providing great opportunities. – Truth!  I just like being in the middle of the pack – Whatever floats your boat homie! When people go, I come. When people come, I go. – You contrarian investor, you. I love Dips preferrably sour cream – Ahhh, why you gotta expose my guilty pleasure like that.  It is so simple I sell the peeks and buy the valleys. – Buy low, sell high! this statement totally depends on the portfolio at given moment. normally a bullish market is good as we make money even in mistakes.. if a BTC dips & i have fiat or hedge coin i love it... – That is true. Anything you touch during a bull market turns to gold. It’s what you do during a bear market that allows you to really make the big bucks. You know what they say… fortunes are made in bear markets.  That’s the name of my game – No doubt. Love it because I fill up bag quicker. And full bags mean happy life – It’s like retail therapy lol. Even though its painful to see crypto manipulated downward I really appreciate buying coins at a steep discount! Thanks market manipulators for making me a ton of money! – I actually love it when the price is being suppressed. More time for me to accumulate coins I love at lower prices and to fill up ma bags. I am torn on the dips – Don’t be! The pain is only temporary. Crashes mean opportunity for the wise. – Yep! Who doesn't like a sale. Buy the dip! – Buy da dippp! dca ! buy! Btc – Join the party~ |
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news!  |
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A true leader knows all, does all and shows all~  |
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