You do you

Your daily newsletter for January 16, 2019
Stay in yo lane
“The jealous are possessed by a mad devil and a dull spirit at the same time.
- Johann Kaspar Lavater
Happy Wednesday! The weekly grind may be getting to you by now, so look on the bright side... at least it’s not Monday morning! 👍

Today in history (1945), Adolf Hitler moved into his Führerbunker, that became the center of the Nazi regime until the last week of World War II in Europe. It was here where he took his own life about 3 months later. 😲

In today's newsletter, we will be covering core developers of Ethereum calling for a delay in the Constantinople hard fork, currency.com launching a trading platform where tokenized securities can be traded and a report by digital security firm Gemalto.

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! 📚

Bummer 😔
The past 24 hours, markets experienced another slight pull back. Total market capitalization fell from ~$123.7 billion to ~$121.6 billion, primarily due to a small mid day sell off. Most coins are seeing losses in the ~1-4% range. Notable movers of the day are Zilliqa (ZIL), Stratis (STRAT) and Aeternity (AE), each up ~9.6%~11.8% and ~13.2% respectively. 

BTC is trading at ~$3,650, down ~1.5% from yesterday. Nothing unusual here, BTC is still trading below its 21-day EMA resistance line on the daily chart, its most immediate hurdle. RSI levels on the daily chart is at ~43, with no major movement in the past few days. 


Slight hiccup 😅
The core developers of Ethereum have called for a delay to the activation of Constantinople hard fork, just hours before it was scheduled to go live on the Ethereum network. 😔

Major Ethereum clients such as Go-Ethereum (Geth) and Parity have released software updates following the decision, which came after blockchain audit firm Chain Security discovered a security vulnerability in Ethereum Improvement Proposal (EIP) 1283, one of the planned changes included in Constantinople that sought to introduce a cheaper gas cost for SSTORE operations. If exploited, the vulnerability would have permitted "re-entrance attacks" which would allow funds to be withdrawn from the same source multiple times. 😲

Since the hard fork has been delayed, cryptocurrency exchanges, miners, and other node operators must either upgrade to emergency released software updates or downgrade to the previous pre-fork release (less recommended) or get disconnected from the main Ethereum network.

The new activation block for the upgrade will be decided during another call later this week. 👀

Joining the party 🎉
Belarus-based blockchain startup, Currency.com, has launched a trading platform that allows investors to trade over 150 tokenized securities using the Bitcoin or Ethereum without the need to first convert funds to fiat. 👍

These tokenized securities track the underlying market price of financial instruments such as equity and commodities. For example, investors can buy a token that has the “same economic costs and benefits” of one share of Microsoft (MSFT) on the Nasdaq stock exchange. 👌

Currency.com is able to offer this service through the help of technological expertise from Capital.com, its FCA (U.K. Financial Conduct Authority)- and CySEC (Cyprus Securities and Exchange Commission)-regulated sister platform. Currency.com is also fully compliant with “Decree No. 8 On Development of Digital Economy” of the President of the Republic of Belarus, which permits blockchain businesses if they follow the relevant anti-money laundering (AML), know-your-customer (KYC) and general data protection Regulations (GDPR) laws.

Foreshadowing 👀
According to a report published by digital security firm Gemalto which surveyed 950 tech and business professionals globally, blockchain adoption in the IoT sector grew from 9% to 19% in 2018 despite regulatory uncertainty surrounding the tech. 🙌

It was also discovered that 23% of respondents believe that blockchain tech is an “ideal” solution to secure IoT devices. 91% of companies not currently use the technology are likely to consider it in the future. 50% of companies also are unable to detect if their IoT devices have suffered a breach. 🤯

In the report, Gemalto's CTO of data protection Jason Hart stressed that businesses are facing increased pressure from the growing amount of data they collect and store. While its great that they are attempting to address that by seeking enhanced security through blockchain, direct guidance from governments is needed "to ensure they're not leaving themselves exposed", and urges businesses to "put more pressure on the government to act, as it is them that will be hit if they suffer a breach."

Blockchain term of the day 🤓 - Tokenize

The process by which real-world assets are turned into something of digital value called a token, often subsequently able to offer ownership of parts of this asset to different owners.

Other news 📰
  • The first block of Grin, a privacy-focused cryptocurrency built on "mimblewimble" tech, has been mined. Its mainnet is now live. 😊
  • Crypto exchange Cryptopia suffered a security breach yesterday. 💸
  • The Danish Tax Agency, Skattestyrelsen, is now permitted by Denmark's Tax Council to collect trader information from local cryptocurrency exchanges to see if they are paying their dues. 🧐
Crypto calendar 📅

Mid Jan - ICE's Bakkt Bitcoin Daily Futures Contract updated launch timeline
27 Feb  - SEC's ruling on VanEck Bitcoin ETF application

Catch the CoinMarketCap team at these community events! 🤝

16 Jan (today) - Vietnam (Hanoi) Community Meetup organized by Kyber Network
17 Jan - Asia Blockchain Review (Bangkok) - 7- 9PM at "SPACES", Chamchuri Square, 24th floor
Poll of the Day
How much do you agree with this statement: "I closely follow the protocol updates of the coins I invest in (e.g. Constantinople for Ethereum (ETH)" 💭
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Are you interested in investing in tokenized securities?? Share with me in the polls! 😆
What you said
How much do you agree with this statement: "The launch of Bakkt will trigger the next crypto bull run"

The average vote was 7. Personally, I don't think the launch of Bakkt will do it. It will instead lay the building blocks of the infrastructure needed to handle the new money in the next big bull run. This is definitely a great start. 💪

"Why do you think so?"

You guys said:

They are simply too big not to have studied the entire 'situation'. Yes, I am looking forward to their entrance, which is the main reason I started buying cryptos. - True, and welcome to the party! Glad to have you aboard this train. 🎉
There are other issues keeping a lid on crypto - Like regulatory clarity, adoption and scaling solutions? 😊
Mini, maybe the horse 🐎 has been thoroughly beaten 🤕 - Hahaha, I'm sure we would all still be glad to take it. 😂
Availability and ease of acquisition - It definitely will be a good start!
Early days! - Definitely still in early days... 👶
With the implementation of Bakkt transactions in cryptos should flow more smoothly and with increased speed of transactions should generate an increase and use of cryptos - It wont necessarily improve the network speeds of various cryptos. Instead, it will encourage better price discovery for crypto assets and achieve deeper liquidity. 👍
More feeling of security for both retail and institutional investors - Especially since its backed by ICE. Woohoo! 
I’m hoping it will make millions of more people less fearful to dip their toes into the market. - It'll definitely bring the space more exposure now that an reputable traditional financial institution is offering crypto trading services. 
I am neutral on the idea that the launch of Bakkt will trigger the next crypto bull run. Sometimes good news in the crypto world doesn’t always move the price. - True.
Bakkt will bring abroad serious investors & can trigger bull run. - Let's all hope so! 🤞
Who knows? Who knows if it will actually ever launch? Announcement is now delayed from "Early January" to "Mid January", soon to be updated to "Late January", I expect. Big boys are playing games with the crypto markets. We're better off without them, really. Surely price surges will be less and slower, but at least we'll be trading the real thing, not all sorts of muddy derivatives. - It'll come (: Let's just sit back and enjoy the ride. 😀

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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