CoinMarketCap Daily Newsletter Your daily newsletter for 26 September, 2019 “Success and failure are both part of life. Both are not permanent.” – Shah Rukh Khan Small wins Over the last 24 hours, total market capitalization bounced back a little from ~$217 billion […]
“Success and failure are both part of life. Both are not permanent.”
– Shah Rukh Khan
Small wins
Over the last 24 hours, total market capitalization bounced back a little from ~$217 billion to ~$222.4 billion, with most coins seeing gains in the ~1-5% range. 24-hour volume registered ~$63.4 billion.
BTC is currently trading at ~$8,465, up ~0.7% over yesterday. On the daily chart, RSI at ~23, indicative of strong bearish momentum. BTC is trading below its 100-day EMA line, and its 21-day EMA line has crossed to the downside of the 100-day EMA line. BTC is still trading below it's bottom Bollinger Band (-2 Standard Deviations below its SMA line).
First in line
Decentralized open source blockchain application platform Neo (NEO) has declared that itself to be Microsoft's .NET Foundation's first blockchain member.
Neo will upgrade to Neo 3.0 in 2020's Q2. Erik Zhang, Neo's co-founder and main developer, claims that the update is key due to the lack of compatibility of Neo's "architectural improvements" with its existing blockchain.
The improvements include less costly transactions, usage of smart contracts and a speedier blockchain.
Faster, better, stronger
One of U.K.'s Big 4 clearing banks, Lloyds Bank, has teamed up with blockchain platform Komgo to streamline and digitize the international trade process and "enable quicker international commodity trade finance".
Komgo uses blockchain technology to optimize financing procedures, combat fraud and boost trade efficiencies. It is also backed by major bank and commodities investors like Shell and ABM Amro.
In favor!
Head of Facebook's Calibra, David Marcus, has argued in favor of blockchain-based payment networks.
In a blog post, he emphasized on the faults of current payment systems like regional networks, where underlying infrastructure weakness meant limited efficiency and scope.
According to Marcus, Libra's participants can perform almost real-time cross-border transfers at low cost without the need for liquidity pools of different currencies, and "in turn massively reduce costs" whilst "increasing innovation and access".
An activist who advocates for the mass adoption and use of strong cryptographic solutions and privacy-enhancing technologies to enact social and political progress.
Thursday think tank
Our friends over at Flipside Crypto have produced data revealing the most under- and overvalued coins for the week!
The scores you see below refer to the ratio of each coin's current FCAS rating to its current market capitalization, both standardized to a 1000-point scale. A score above 1 reflects an undervalued coin, and a score below 1 indicates an overvalued asset!
Hold your horses! Before you go ahead and jump right into investing, always remember to first D.Y.O.R (Do your own research)!
Other news
EOS parent organization Block.one is establishing new headquarters for its U.S. operations branch in Washington D.C.
Binance is ready to make its first strategic investment in China since its departure in 2017.
Automobile maker Daimler has made its first transaction on Marco Polo, the blockchain-based trade finance network.
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
What's up in the markets
Bitcoin Dominance
Daily Top 10
Greatest Crypto Gainers
Greatest Crypto Loses
New on CoinMarketCap
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news!
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