“Positivity is like a muscle: keep exercising it, and it becomes a habit.”
- Natalie Massnet
Happy Thursday! The weekend is nigh, you've got this! 😊 For those of you who aren't following Coinbase's 12 Days of Coinbase (announcements): Yesterday, Coinbase released a Youtube video explaining why they think cryptocurrencies create economic freedom. 💸 It's a pretty cool video, so don't forget to check it out during your break today! 👍
Today in history (1973), then British Prime Minister Edward Heath introduced the "Three Day Week" to reduce electricity consumption. Essentially, commercial users of electricity were limited to 3 specified consecutive days of consumption each week and prohibited from working longer hours on those days. I'm sure we could all use a little of this every now and then. 😂
In today's newsletter, we will be covering Boerse Stuttgart Group to launch a cryptocurrency trading platform, Hyperledger's 12 new members and the Venezuelan government forcibly converting pensioners’ monthly sums into the "petro".
Please don't forget to answer the polls down below too! It's a great way for us to interact with you, and it's always nice hearing your thoughts. 💭 Happy reading! 📚
In yet another low volatility day, crypto markets are down slightly. Total market capitalization currently stands at ~$108.7 billion, down ~$1.7 billion for the day with most coins seeing losses in the ~1-3% range. Volume has been on the constant decline this week, having slipped from Monday's ~$14 billion to ~$10.9 billion for the day. Notable movers of the day are Waves (WAVES) and Qtum (QTUM), both up ~12.1% and ~15.5% respectively despite the market's slight downswing.
BTC is down ~0.8% for the day, and is currently trading at ~$3,430. RSI levels on the daily chart continue to remain relatively stagnant as in recent days at the ~30 level, indicative of investor uncertainty and some short term consolidation at the ~$3,500-$3,600 levels. Nonetheless, overall mid term momentum remains with the bears.
Natural procession 🚶♂️
Germany’s second-largest stock exchange, Boerse Stuttgart Group, is launching a cryptocurrency trading platform by the first half of 2019. 😄
Together with fintech company solarisBank, it has already created an engineering infrastructure for digital assets trading. The platform will first allow BTC and ETH trading, but is expected to offer support for other tokens once its under-development ICO platform goes live. 👍
Boerse Stuttgart is also seeking a regulatory approval to offer a multilateral trading facility (MTF) - a self-regulated financial trading venue - for the platform. 😎
Joining the party 🎉
Blockchain consortium Hyperledger has added 12 new members, including the likes ofcloud computing firm Alibaba Cloud, Citigroup and its Citi Ventures arm, and the largest telecommunications provider in Europe, Deutsche Telekom. 🤗
With this round of additions, Hyperledger now has a 260-strong member list. Hyperledger's executive director Brian Behlendorf stated that the growing Hyperledger community "reflects the increasing importance of open source efforts to build enterprise blockchain technologies" and the "growing interest in distributed ledger technology." 😁
Other members that were added this round include Guangzhishu Technology, We.Trade, Guangzhou Technology Innovation Space Information Technology, KEB Hana Bank, HealthVerity, MediConCen, Techrock, Xooa and BlockDao. 👐
The Venezuelan government has begun converting pensioners’ monthly payments into its controversial cryptocurrency, "the petro." It has been swapping the bolivars (the country’s current fiat currency) paid to its elderly residents for petros. 😠
Venezuelan pensioners usually receive their monthly pension in bolivars through web wallets and subsequently shift their funds to a bank account so as to withdraw the fiat currency. However, the government is now converting their bolivars to petros after the funds are shifted. 🤦♂️
Other news 📰
Crypto exchange Kraken is seeking a fundraising round valuing the firm at $4 billion. 🤑
Chief executive officer of Allianz Global Investors, Andreas Utermann, said in a panel discussion in London that cryptocurrencies should be banned by regulators because they have "no intrinsic value". Lel. 😂
A startup that offers USD loans against crypto collateral, BlockFi, has raised $4 million in its latest funding round, that saw the likes of Galaxy Digital, Morgan Creek Digital, Susquehanna Government Products and Devonshire Investors investing. 💰
Poll of the Day
How much do you agree with this statement: "I will never buy the Venezuelan "petro" cryptocurrency"💭
And...what are some things you do to stay positive? Share with me in the polls! 😆
What you said
"How much do you agree with this statement: "I would love to buy a blockchain phone that I can buy, sell, store and trade cryptocurrencies with" 💭
The average vote was 7.2. If blockchain phones were to find its way into our daily lives and become mainstream, we might not even have to carry around wallets anymore as identities can be verified through the phone via blockchain, and we can securely and easily transact cryptocurrencies for day-to-day expenses. Oh, the convenience! 🤔
"Why or why not?"
You guys said:
Interested - Can't say I'm not too. 😉 Security - Through the phone, we would be able to more securely move around cryptocurrencies on the go. I'd find that increasingly useful as more shops start to accept cryptocurrencies as a payment form. 👍 I don't really understand the product blockchain phone.. & what it can do apart from present ones.. both iOS & android phones available now are pretty safe.. after all its all the user hands.. if u don't do anything stupid u are good. - A blockchain phone would be much more secure. It would likely have a built-in cold storage wallet to transfer cryptocurrencies far more easily. Not needed - Well, mobile phones weren't deemed a necessity some years back. I'd say it's well within the realm of possibility for blockchain phones to soon become a necessity. 👌 I would, obviously security is my only concern, I invested in srn back when they were going to use iota’s tangle, and I heavily use my phone to trade😬 - That's awesome! Bring it to the masses - Damn straight! In the world of crypto the impossible is made possible so I would like to be ready for any impossible made possible opportunity - What a way to look at it 😂 Nothing must surprise you anymore. Seems like a practical next step. However, rather than having to buy a new phone, why not just do an update on existing phones as is done almost daily with other softy!? - I'm guessing that simple updates might not be sufficient in equipping the phone with the requisite infrastructure to achieve the level of security required to securely hold and trade cryptocurrencies. 🤖 Don’t need it technology that exists is fine - Constantly moving forward is important too! 🏆 Not so much now but in a world where we all use crypto that would be perfect. Sirin labs phone is too expensive imo. I like how Zippie are developing a web app that intergrates will other dapps and phones. The phone itself doesn’t have to be blockchain at this stage. I do think Apple will make a blockchain phone one day though and I believe they are going to be hard to overtake, they are always ahead of the curve and their closed system stops other companies building apple friendly products which forces so many people to choose between a reputable brand like apple or a not so reputable brand. - It would be such a game change should Apple decide to enter the fray. 🤯
"Do you think Apple will release a blockchain phone within the next 5 years?"
87.5% voted "Yes".
12.5% voted "No".
I believe it's highly likely as well. With the likes of Samsung wanting to integrate a cold wallet into its upcoming Galaxy 10, I don't see Apple being too far off from doing something similar. I would bet that there must be something blockchain-related in their roadmap. 🤔
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙
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