Your daily newsletter for 3 October, 2019 |
“Life without liberty is like a body without spirit.” – Khalil Gibran |
Uneventful Relatively uneventful day in the crypto markets. Over the last 24 hours, total market capitalization rose slightly from ~$219.2 billion to ~$221.5 billion, with most coins seeing gains in the ~1-3% range. 24-hour volume registered ~$44.7 billion, experiencing steady drops throughout the week. BTC is currently trading at ~$8,310, up ~0.4% over yesterday. On the daily chart, the 50-day EMA line has crossed to the downside of the 100-day EMA line, and RSI is at ~28.6. |
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Dollar dominance U.S. Representatives French Hill and Bill Foster communicated worries to the Federal Reserve that the U.S. dollar's significance could be in danger "from wide adoption of digital fiat currencies", and asked if there were plans to launch a U.S. dollar digital currency. They noted that the Federal Reserve has the power to create a more secure, stable and flexible monetary and financial system by doing so. However, a previous report stated that central banks are unlikely to cooperate, as it made "no sense to have something that complicated out there when you have large, liquid capital markets in the U.S. |
One for all The Japan STO Association, a self-regulatory organization (SRO) for security token offerings (STOs), has been created by 6 leading Japanese brokerages. This comes a few months before regulations will be implemented on the public sale of coins in the country, treating the offerings like those of conventional securities and requiring detailed disclosures. This new association will offer institutional support to STOs, and will contain new and old members like Daiwa Securities, Nomura Securities and Rakuten Securities. It plans to put together expertise on securities businesses to explore and develop STO's business opportunities. |
Final push Samsung-backed South Korean enterprise blockchain provider Blocko has begun operations in the United Arab Emirates (UAE) after fund-raising in Europe and the Asia Pacific. Dubai has made several efforts to drive the initiative forward, like regulatory reforms and a city-wide blockchain project in partnership with IBM. Immediately after the launch, Blocko started a partnership with conglomerate SEED Group, part of royal family member Sheikh Saeed bin Ahmed Al Maktoum’s private office. Blocko, which currently supports over 20 enterprise clients and aims for 25 million daily users, will be working with operating platform Aergo to execute hybrid public-private blockchain technology for UAE's enterprises and government. |
A directed acyclic graph or DAG is a structure that is built out in one single direction and in such a way that it never repeats. |
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)!
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Bitrue Loans has launched THIS WEEK! Pledge your coins in order to borrow BTC, XRP, ETH and USDT! With industry leading LTV ratios of 70% and daily interest of just 0.04%, Bitrue Loans presents the perfect opportunity to free up liquidity while you hold your coins. Signing up is simple and free, so try it out today and discover the future of finance! |
So far, The Capital has 929 ticket reservations from North & South America, Africa, Oceana, Europe, and Asia! Partake in the global discussion that is shaping crypto right now. Gain awareness of the factors that will influence the crypto and blockchain spheres in 2020. Meet your future crypto bff, land a partnership, and expand your social network - in person! Will you be our 930th? |
Other news  Broadridge Financial Solutions will be acquiring fintech business Shadow Financial Systems and offer cryptocurrency services. Telegram's Telegram Open Network (TON) is on schedule for a planned late-October launch. Parity Technologies updates Parity Signer to convert old phones into offline cryptocurrency wallets.
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Crypto calendar 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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