Think of what could happen

Publikováno: 18.9.2019

CoinMarketCap Daily Newsletter Your daily newsletter for 18 September, 2019 Possibilities abound “We know what we are, but know not what we may be." – William Shakespeare Start of alt run 2.0? Over the last 24 hours, total market capitalization rose […]

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Your daily newsletter for 18 September, 2019

Possibilities abound

“We know what we are, but know not what we may be."

– William Shakespeare

Start of alt run 2.0?

Over the last 24 hours, total market capitalization rose from ~$266 billion to ~$271 billion, with most coins seeing gains in the ~3-8%. BTC dominance dropped from ~69.3% to ~67.6%! - the biggest single-day drop in months, indicative of a flow of capital investments into the alts. 24-hour volume registered ~$65 billion, a ~30% uptick over the past few days. Just to refresh everyone's memories, prior to the start of the previous alt coin run in 2017, there was a BTC run, followed by a shift in capital from BTC to the alts (sudden drop in BTC dominance).

BTC is currently trading at ~$10,220, pretty much where it was yesterday. BTC is still trading below its 50-EMA line, with RSI at ~46.

Risk cushion

Crypto exchange Huobi is broadening to Argentina amid an increase in cryptocurrency acceptance in the area to buffer against the inflationary peso.

Plans to open a fiat gateway for the exchange in October means that users can purchase cryptocurrencies using wire transfers, credit cards and other common payment methods like Mercadopago.

Market data provider Statista reports that the country ranks fourth in its percentage of cryptocurrency usage globally.

Demand is bolstered by its unstable economic environment and Argentina's openness to the technology, making it the "perfect entry point" for Huobi's cryptocurrency and blockchain promotions.

Testing 1, 2, 3

NEO Global Development (NGD) revealed in a press release that it is launching the NEO3 Preview1 build on a pilot testing network.

Although the NEO3's official release is in 2020, the Preview1 build gives multiple insights into architectural revisions and huge updates.

NEO founder Erik Zhang affirmed their advancement towards their "goal of delivering large-scale commercial applications", aiming to "further accelerate NEO3's development to overcome current roadblocks and deliver unmatched stability, throughput, and an optimized developer experience".

NEO also plans to build a global and open cross-chain platform with Ontology to channel both organizations' strengths.

Same same but different

Line, a leading Japanese messaging corporation, has initiated its new cryptocurrency trading platform Bitmax.

Bitmax allows users to trade 5 of the biggest cryptocurrencies by market capitalization: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and XRP (XRP).

Newcomers to cryptocurrency trading can start with small transactions of below 1,000 Japanese yen. The announcement further stressed that Bitmax is different from Line's Singapore-based exchange Bitbox that operates worldwide, outside of the U.S. and Japan.

Blockchain term of the day - Merkle Tree

A tree structure in cryptography, in which every leaf node is labelled with the hash of a data block and every non-leaf node is labelled with the cryptographic hash of the labels of its child nodes. Hash trees allow efficient and secure verification of the contents of blockchains, as each change propagates upwards so verification can be done by simply looking at the top hash.

Special announcement - CoinMarketCap 'The Capital' Global Conference

You already know you've got a ticket on us if you can make your way to Victoria Theatre in Singapore! For the guys and gals looking for a little more than free, we've got you covered.

Check out our full-admission ticket, which includes free-flowing beverages so you stay #hydrated all day, fancy nibbles in the AM and PM, gourmet lunch, and exclusive access to The Capital's VIP after-party!

Also, here are all our wonderful media partners who will be at The Capital to amplify and support the inaugural event. It's going to be amaaaazing!

Special announcement - M arket-Neutral Derivatives Trading

Hi y'all! Yesterday, we released a new blog post covering the topic of "Market-Neutral Derivatives Trading", as explained by us! Check out it out here!

Other news

Deloitte, a "Big 4" auditing firm, now allows staff to pay for their canteen food with a mobile Bitcoin (BTC) wallet.
Crypto exchange Binance has completed its strategic investment in Beijing-based crypto media firm, Mars Finance.
U.S.-based bank Wells Fargo is to operate U.S. dollar-linked stablecoin dubbed Wells Fargo Digital Cash.

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)

18 Oct - U.S. SEC's decision on the VanEck/SolidX Bitcoin ETF application, under the Cboe BZX exchange (final decision)

TBA - ICE's Bakkt Bitcoin Daily Futures Contract updated launch timeline

TBA - Justin Sun's lunch with Warren Buffett