Dawn

Your daily newsletter for January 1, 2019
New beginnings
“Let's forget the baggages of the past and make a new beginning.
- Shehbaz Sharif
Out with the old, in with the new. Happy 2019 CMC family! May this year be filled with success, happiness and prosperity for all ya lovely peeps. Cheers! 🥂

In today's newsletter, we will be covering Bakkt raising $182.5 million to build its digital assets platform and Bitcoin futures product, the National Bank of Kuwait (NBK) is utilizing Ripple (XRP)’s blockchain-based payments network for faster cross-border money transfers and Huobi Pool to launch a dedicated EOS exchange in early 2019.

Please don't forget to answer the polls down below too! It's a great way for us to interact with you all and hear what you have to say. 💭 Happy reading! 📚

Taking that final 'L' of 2018 😡
Unfortunately, the last day of 2018 was a red one from a price action perspective. Total market capitalization gradually dropped ~$2.8 billion to ~$125.8 billion, with most coins seeing losses in the ~2-6% range. 😔

BTC also gradually fell from ~$3,850 to ~$3,750, and is now trading below its 21-day EMA line on the daily chart. Its RSI levels have remained relatively neutral, hovering in the ~47-48 range as of late, indicative of market indecisiveness. 🤜🤛 This is further evidenced by the current consolidation in this ~$3,800-$4,100 range.


Locked and loaded 🔫
Intercontinental Exchange (ICE)’s startup Bakkt has raised $182.5 million to build out its global digital assets platform and Bitcoin futures product. 🙌 Investors in the funding round (which is Bakkt’s first) included Boston Consulting Group, Galaxy Digital, Goldfinch Partners, ICE, M12 (Microsoft’s VC fund), Pantera Capital and Protocol Ventures. 😲

In a separate announcement, Bakkt disclosed that its planned Bitcoin futures market has been delayed again after consultation with the U.S. Commodity Futures Trading Commission. It had been expected to launch on Jan. 24. A new date will be announced early 2019. We saw this coming a mile away! 👀

Ripple effect 🌊
The National Bank of Kuwait (NBK) is utilizing Ripple (XRP)’s blockchain-based payments network to seek faster cross-border money transfers. The new remittance service, dubbed "NBK Direct Remit", enables “immediate” blockchain-based payments through Ripple technology. 😲

Presently, the service is launching with a remittance corridor to Jordan only, but is expected expand to more countries in the near future. 👍

NBK joins the growing number of financial institutions worldwide to have partnered with Ripple for its blockchain-based payments services. Most recently, these include Malaysian banking group CIMB, South Korea’s crypto exchange Coinone, U.S. banking giant PNC, and remittance firm UAE Exchange, among others. 👐

Just for you 👐
The cryptocurrency mining arm of Huobi Group, Huobi Pool, is launching a dedicated EOS exchange early in 2019 that will allow users to trade EOS against “a number” of yet to be revealed cryptocurrencies. It will also have a voting platform for EOS owners and manage an EOS community to raise awareness for node elections. 🗳️

Huobi Group’s cryptocurrency exchange is currently 3rd in our site's rankings by adjusted trade volume and according to them, the company is now achieving an accumulated turnover of over $1 trillion. 👌


Other news 📰
  • Peer-to-peer Bitcoin exchange Paxful saw a 130% increase in transactional volume growth in 2018. It also saw its user base in Ghana and Nigeria, tripling and doubling respectively. 💪
  • The Financial Conduct Authority (FCA) of the UK recently disclosed that 18 companies are being investigated over their involvement in selling cryptocurrencies. 🧐
  • A recent survey conducted by Chinese blockchain news site PANews found that although 63% of the 4,200 people surveyed think cryptocurrencies like Bitcoin are unnecessary as a payment system, 40% of them would consider investing in cryptos. 🤷
Poll of the Day
On a scale of 1-10 (10 being most confident), how confident are you that 2019 will be a great year for crypto? 💭
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And...do you think 2019 will be a better year for crypto compared to 2018? Why do you think so? Share with me in the polls! 😆
What you said
"On a scale of 1-10 (10 being most enjoyable), how enjoyable was the crypto space for you in 2018?" 💭

The average vote was 6.2. There were definitely many highs and lows, but overall I think the space made great progress in 2018 despite the bearish price action we witnessed. 👷 Many on ramps are being built to facilitate adoption, and I am confident that it's only a matter of time before we see waves of new people entering the space. 👌🏻

"What is your fondest crypto memory of 2018?"

You guys said:

Vitalik calling Craig Wright fraud in public, throughout enjoyed learning.. also hopefully the bear market taught us where we are wrong, and we will work harder to overcome this.. in all a great 2018.. - That call out was awesome. Such badassery. 😎 And I also agree that it has been an awesome and fulfilling year. Can't wait for this exciting journey to continue into 2019.
Btc did not go to zero. - Don't think it will ever hahaha 😛
Learning and mastering in a bear market - Navigating both sides of the waters is definitely a great skill to have. Kudos to you! 👍
.....ive learned a lot 💸🐻 - As we all did. Hang on for the ride in 2019 and let's continue to learn and grow together! 😊
Getting a more solid foundation of education in/of the crypto market. Now I'm much better prepared for the pending Bull market ahead! - It's great that you are laying the foundations now in anticipation of the next run up. This way, you are setting yourself up to capitalize more effectively on the next bull run. 👌🏻
When I made my first decent profit. - Congratulations! Feels good huh? Nothing quite like it in this world. 😉
Seeing the global acceptance and development of crypto - Oh it's coming. 👀
XRP Price rises after buying at $.47 - Sounds like you made a nifty profit. I hope you managed to sell some off to reduce exposure before it tanked. 💰
In January when my crypto investments increased over 1000%. - I hope you locked some of your gains in! 💸
The opportunity to buy crypto’s at or near the bottom of a down trend - That is one of the greatest satisfactions you can get from trading. 😀
Reading about Bitcoin for the first time with the intent on trying to get an understanding of what it was all about. I realized if I had gotten curious in 2009 when it first came on the scene, we’ll things would be much different for me financially. I know now to be curious about the entire crypto space. To read to understand and I am optimistic and invested! - It's great that you took that in stride and chose to learn more about the space even though many had years on you. 🤓 It's never too late to get your hands wet.
I was entering the crypto to late for giving any answer. But the low price on ETH, BTC in the middle of december was nice, i got to enter more krypto to my portofolie. - Accumulating while dollar cost averaging is a good way to get in at a good price. 👍
The January Crypto Craze - Those were some crazy times alright. 🤪
BTC going down from 12,000 to 3,000 USD. - It sure was painful to see BTC crack the $6,000 support level it held for so long. 😭
Really the whole experience. I've learned so much this year. Though it was quite entertaining watching the XRP community bicker with Coinbase 😉 - Glad you were able to take much out of 2018. It's gonna bode well for ya as you take on 2019.
Finding CoinMarketCap! - Awww shucks. Thank you! Glad you found us and we could be of use to you! 💓

"What would you like to see happen in the crypto space in 2019?"

You guys said:

Growth and bull market. - I do not doubt that we would see more growth 💪, however this bear market could very well persist for a long time. Buckle up for the ride! 🎢
I see work till 2018 has laid a solid foundation for blockchain & crypto.. i see more people getting introduced to crypto.. and would like to see wide acceptance for payments. - It is certainly much easier to enter the space now as compared to 2017. Once we have some regulatory clarity, I believe we will have the infrastructure in place to facilitate the waves entering the space. 💪
Finally get approvals for some of the proposed exchange trading products. - I am confident this will happen in the next 12 months. 🤞
Bitcoin to 50000 dollars - Fingers crossed! 🤞
Slow And steady build to a bull market - It's a marathon, not a sprint. Slow and steady does it. 😉
More adoption, Wikipedia is asking for donations, I’d have sent some digital currency if they had an opinion - Yes, am aware. That would be some cool publicity for the space, and it would be easier to send crypto too. Wiki should def consider it. 🤔
The Bear disappear and the Bull appear with all his strength! - I'm sure we would all gladly welcome it back with open arms. 👐
I would like to see promises fulfilled and dreams come true. - 2019 is going to be great!
Love to see China opening the country space for the country - Unlikely as China is hella strict on capital outflows, but that would most certainly rock the crypto world. 🤘
SEC regulatory clarity that XRP isn’t a security - I think I speak for many when I say we would all simply appreciate overall regulatory clarity. 😂
Another bull run so I can actually take profit this time. - Hahahaha, it happens. 🤷
I look forward to the largest trading platforms in the world making it possible for the masses to trade with the push of a button. - That would be a huge step towards the mainstream adoption dream. With crypto exchanges like Binance and Coinbase constantly pushing the boundaries, I am sure this dream will soon crystallize. 👌🏻
More people having a working knowledge of the crypto currencies and more institutional adoption and investment into blockchain technology. It is indeed the future of how business will me conducted the flow of information! - Agreed!
A increase in my cryptofolie - May 2019 be a prosperous for all of us! 💰
Better UX, UI, clearer regulations, thougher punishments for bad actors in the space and development milestones being hit - You said it, brother! 📢
More useful projects and less volatility. - I believe that volatility would still be very much present. This is after all still a very nascent space with a market capitalization that is still relatively low compared to other mature markets, so large price swings are to be expected. 😊
Of course a record bull run but more specifically what efforts if any, tech giants like Google, Amazon and Facebook do in the space to help it become more mainstream. - Would be awesome if these bad boys entered the fray. It could shake things up a great deal and certainly shine the spotlight on the space again. 🔦

Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙
See you again tomorrow!
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Let's go 2019! 👊
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