the dreamer in you

Your daily newsletter for September 13, 2018
Dream Big
"Life is too precious and short to dare to waste it on mediocre dreams.”” 
- Edmond Mbiaka
Happy Thursday fellow readers! Wishing everyone to have a joyous and productive day ahead. 😊

Today, we will be covering Binance's new venture in Malta, Huobi Group's latest acquisition in Japan and Softbank Corp.'s mobile carrier blockchain. Enjoy your readings! 📚

Big overviews

Slight rally in the markets today after yesterday’s big drop. Total market capitalization bounced back slightly to ~$196 billion, and BTC dominance has dropped ~1.3% from yesterday’s ~58% to ~56.7% indicating a stronger recovery by the other cryptocurrencies (vs BTC). Most of the cryptocurrencies saw gains in the range of ~5-15%. 🤩

BTC is up ~3% today to $6,465. RSI levels on the daily chart is currently at ~44, rallying back a little from the flash crash on Sept 5 which saw RSI levels drop to ~35 - this shows selling momentum has slowed. The nearest obstacle for BTC to clear would be the 21-day EMA resistance line which currently sits at ~$6,600.

Notable mover for the day is NANO, currently up ~34.35%.


Spreading your wings wide
The largest crypto exchange by volume, Binance, has signed a memorandum of understanding with the Malta Stock Exchange (MSX) to launch a security token trading platform on the island. 🤝

Malta's finance minister, Edward Scicluna, mentioned in an press conference that the country will not miss an opportunity to take advantage of new innovation, and doesn't want to "let it go by and be taken up by others." 
Expansionary net
Huobi Group's subsidiary, Huobi Japan Holding Ltd, has acquired a majority stake in 1 of the 16 licensed crypto exchanges in Japan, BitTrade, for an undisclosed amount. 💰

Huobi's CFO Chris Lee hopes that through this acquisition, Huobi would be able to "leverage on BitTrade's leadership team and its Japanese government-approved license" to "grow BitTrade into the most dominant player in the Japanese cryptocurrency market." 💪
Experimental ventures
Japanese telecom, Softbank, has partnered with blockchain startup TBCASoft and Nasdaq-listed Synchronoss to create a blockchain proof-of-concept (PoC) that allows P2P mobile payments across different carriers. 📱

The blockchain seeks to be deployed among mobile carriers to replace the traditional SMS text messging system with a wider pool of features like sending multimedia content, documents and voices calls via carrier networks instead of mobile apps. It will also enable users to send funds stored in their wallets in a P2P way, a feature especially useful when traveling. 🛫
Other dreamy thoughts
  • Crypto project, Carbon, has launched its own stablecoin named Carbon USD, which is built on the Ethereum network. It claims to have a unique algorithmic scaling model that will set it apart from the other stablecoins. Carbon is currently actively pursuing exchange listings for CarbonUSD. 💲
  • The Financial Supervisory Service (FSS) of South Korea has been probing domestic blockchain startups that have been involved in ICOs. The startups have to complete a 52-question questionaire declaring shareholder statuses, countries where the ICO is in progress, token allocations and reasons for conducting the ICO overseas. 👮
  • A Brazilian Series B soccer team, Avaí Futebol Clube, is launching an ICO to develop an ecosystem for its fans and to help it qualify for the Series A Copa Libertadores competition. The club hopes to raise $20 million. 
  • Mt. Gox's corporate victims can now enter claims to get back trapped BTC through the online rehabilitation claim filing system. 😌
Poll of the Day
How much do you agree: "How much do you agree: "Ethereum (ETH) will still be the top infrastructure coin by the end of 2019" 😊
1
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5
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10
And...why do you think ETH's price has been particularly affected in recent months?? Also, what is your favorite infrastructure coin🤔
What you said
"How much do you agree: "The next crypto bull run will begin by the end of 2018"

The average was 7.1. 30.4% of y'all voted a '10'. Loving the optimism guys! 😆

"What do you think is the strongest reason preventing more money from entering the space right now?"

28.6% voted "Lack of regulation".
19% voted "Insufficient knowledge/ education surrounding crypto".
19% voted "Slow adoption rate".
14.3% voted "Projects under delivering".
9.5% voted "Too many ICO scams".
4.8% voted "Good ol' FUD".
0% voted "Underdeveloped crypto wallet and exchange UIs".
9.6% voted "Other."

From your responses, it seems that most believe that the lack of regulation surrounding crypto is preventing more money from capital markets from flowing into the space. Additionally, the everyday person still does not quite know about the crypto space which is deterring new money from entering. It also doesn't help that projects have been under delivering and that there are still many scams running rampant due to the lack of a regulatory framework. ✔️

"What do you think will be the catalyst to the next crypto bull run?

You said:

ETF approval - Although an ETF approval would definitely enable more institional money to flow into the space, I feel that people are over anticipating this and pinning too much hope on it to drive the next bull run. Based on what I have seen over the years, over expectation is accompanied with disappointment. 👌
Stock market drop/ perhaps a general breakdown in traditional markets. They've been up since Trump arrived. Next elections will be Nov, 2018 and that could bring change to the ecosystem. 
U.S. Tariffs around the world. - could be a small driving factor. 
Institutional money - More $$$ needs to enter the space.
Weak hands leaving the game. - Haven't they already left? 🤣
ACCEPTANCE BY WALL STREET AND THE GLOBAL BANKING SECTOR. - Preach it! ✊
We need clear defined regulation to see off the scams and encourage the big institutions to join the party. Also it needs to be easier to buy and hold crypto. There's work here to be done for the common man / woman to become a crypto holder. - Yes! A regulatory framework to work with, and overall better crypto knowledge would be great. 👍
"How much do you think one BTC will be worth by the end of this year?"

You guys said (in order of popularity):

$10,000
$12,000- $15000
$7,500
$5,500
1trillion gazillion of spacedust (IDK) - whut?

It seems that most of you guys believe that BTC will be able to hold the $6,000 support level!

Thank you for reading. See you all tomorrow!! 💙💙💙
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