Your daily newsletter for November 8, 2018
“I do not fear computers. I fear the lack of them.”
- Isaac Asimov
Happy Thursday, ladies and gents! Thank you all for tuning in once again, it's always great to have you back here. 😄 Today in history (2013), one of the most brutal storms ever recorded, Super Typhoon Haiyan, wrecked havoc on the Philippines. Sustained winds of up to 195 mpg (315 kph) and gusts up to 235 mph (380 kph) were recorded. Unfortunately, the calamity took over 5,000 lives. 😔 

In today's newsletter, we will be covering Spanish bank BBVA's $150 million syndicated blockchain loan, Salesforce's newly approved patent and CFTC Chairman J. Christopher Giancarlo on using distributed ledger technology to automate regulatory processes.

Enjoy today's newsletter, and please don't forget to answer the polls down below too! (It's about artificial intelligence today!) It's a great way for us to interact with you, and it's always nice hearing your thoughts. 💭 Happy reading! 📚
Small bump
Total market capitalization dropped slightly from yesterday, from ~$220.4 billion to ~$216.3 billion, as most cryptocurrencies saw losses in the ~1-3% range. A small loss for the crypto sphere, but not all is lost. 👍 Upward momentum is still with BTC despite yesterday's ~0.84% loss, placing it currently at ~$6,480. BTC has been making higher highs and higher lows in recent days (from 31 Oct). 📈 However, the small loss from yesterday pushed it back down slightly and it is now challenging its 50-day EMA line. The next key levels for BTC would be its 100-day EMA line (~$6,680) followed by the significantly stronger resistance level at ~$6,800. 👀

Spanish bank BBVA has completed a pilot to put a $150 million syndicated loan, where several banks pool funds to lend to a single borrower, on the Ethereum blockchain. BBVA, whose co-lenders include Japan's MUFG and France's BNP Paribas, arranged the loan for Spain's national electrical grid operator, Red Electrica. 🤯

The data for the loan was time-stamped at each stage of the process on the ethereum blockchain. The loan agreement between the 3 parties was also signed and recorded on the ethereum blockchain for "authenticity." 😄 This new method is different from the traditional syndicated loans method where important information is shared via fax, which is both time-consuming and costly. 😠

Reduced annoyance
American cloud-based software company, Salesforce, has won a patent detailing a blockchain-based platform that can prevent spam or unwanted emails from user inboxes. 🍻

According to the patent document filed to the U.S. Patent and Trademark Office, the platform can identify emails that have been changed or tampered with after being sent. It can utilize a matching system, that records a portion of a sent email and compares it with a portion of the received email, to determine an email's legitimacy. If both portions match, the email moves on into the inbox, and it if doesn't, it will be accordingly marked as spam. 🤖

The system can ensure that messages and attachments "have not been modified with during transit over a network", and thus "better identify legitimate (wanted) messages and distinguish them from illegitimate (unsolicited) messages." 👍

According to the Commodity Futures Trading Commission (CFTC) chairman J. Christopher Giancarlo at the D.C. Fintech Week Conference, distributed ledger technology can be used and leveraged to automate certain regulatory processes that will allow regulators to more efficiently oversee markets while reducing costs. 🤖

He describes it as "quantitative regulation", where he envisions the day where 'rulebooks are digitized, compliance is increasingly automated or built into business operations through smart contracts, and regulatory reporting is satisfied through real-time DLT networks." 😲

CFTC would then be able to communicate regulatory requirements and analyze data all in real-time, and be able to measure the impact of certain rules they want to adopt. The rules will then be modified as necessary to ensure an optimal outcome. 😄

Other news
  • Crypto exchange Poloniex is offering trading support for the pending BCH hard fork. Customers have the option to buy Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV) trading tokens, even before the fork, as part of their strategy to improve the customer experience. 👌
  • A former executive at Bitcoin derivatives startup LedgerX, Kari Larsen, has joined Perkins Coie LLP as a partner for its Blockchain Technology and Digital Currency industry group. 🤝
  • The co-founder and CEO of eToro, Yoni Assia, announced the launch of "GoodDollar", a blockchain-powered crypto project that focuses on universal basic income (UBI) distribution. 🙌
Poll of the Day
How much do you agree with this statement: "Artificial Intelligence (AI) will one day rule the world" 💭
10 you think that the dangers of AI outweigh the benefits of it? Why? Share with me in the polls! 😆
What you said
"How much do you agree with this statement: "The 2018 developments in the institutional infrastructure for blockchain looks promising"

The average vote was only a 8.9.

The future does look very bright. I believe that although it has been a tough year from a price action perspective, from a fundamental perspective things are looking great. It was a much needed year to build a solid foundation for blockchain infrastructures to support the next bull run. 2019 is going to be an interesting year. 👀

"Why do you think so?"

You guys said:
It is revolutionary and has the ability to change the world as well as the Internet had - Agreed! 😉
At least in the financial sector & Venture Capitals guys recognize crypto & are investing .. - They certainly have been/ have already been taking crypto more seriously. 👍

"In your opinion, do you think institutions have been secretly buying up BTC in this down market?"

85.7% voted "Yes."
14.3% voted "No."

Definitely would not be surprised if this is so. 😁

"Why do you think so?"

You guys said:
I am sure lot of them and a huge number of High Networth Individuals (HNI) are investing in BTC. - Ssshhh 🤫
There is money to be made. - Follow the money. 🤑

Thank you all for reading thus far! Catch you back here again tomorrow! 💙
See you tomorrow!
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