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Your daily newsletter for January 30, 2019
In control
“There are some things you learn best in calm, and some in storm.
- Willa Carter
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Happy Wednesday, ladies and gents. Keep calm and carry on!  👍

Today in history (1933), Adolf Hitler was appointed Chancellor of Germany by then-President, Paul Hindenburg. 😲

In today's newsletter, we will be covering TokenSoft launching a cold-storage custody service for security tokens, the central banks of both Saudi Arabia and the United Arab Emirates launching a digital currency trial and how the Iranian government could be banning Bitcoin for payments. Today, we also have a message from a sponsor, NexChange!

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! 📚

Suppressed 😔
Over the past 24 hours, total market capitalization gradually climbed from ~$111 billion to ~$113.5 billion, with most coins either seeing gains or losses in the ~1-3% range. 

BTC is currently trading at ~$3,460, up ~0.75% over yesterday. It continues to be trading below its 21-day EMA line on the daily chart, and is looking to create new 2019 lows as it continues to trade within a downward bearish wedge. BTC shorts have also been creeping up since mid Jan, indicative of growing bearish sentiment. 🐻


Pioneering efforts 👍
TokenSoft is launching what it describes as the "first cold-storage custody service for digital (security) tokens". It has launched a beta version of the wallet, known as Knox, that allows enterprises to maintain a multi-signature, self-custody system for different cryptocurrencies, as well as digital securities. 🤖

According to the co-founder of TokenSoft, Mason Borda, Knox will "provide the highest level of security when it comes to storing digital securities, which [are] newer to the market.” 💪 He went on to explain that digital securities differ from cryptocurrencies in that they tend to be less decentralized and have built-in restrictions for traders, whereas truly decentralized assets like Bitcoin have none. 

The Knox wallet can store any ERC-20, ERC-1404, DS-20 (Securitize), ST-20 (Polymath) or Harbor’s R tokens. It also will support Bitcoin (BTC) and Ether (ETH). Not only will the Knox wallet provide offline cold storage, it will also allow multiple owners to authorize or execute transactions and cryptographic authentication.

Feasibility test 💯
The central banks of both Saudi Arabia (Saudi Arabian Monetary Authority) and the United Arab Emirates (Central Bank of the UAE) have collaborated to launch a digital currency trial of a common digital currency called "Aber", that seeks to facilitate blockchain-based financial settlements between the two countries. 💲

According to both central banks, while existing central remittance systems have proved their feasibility, they believe that international remittances have much room for improvement. As a result, this proof-of-concept trail will examine if both nations can ultimately reduce remittance costs through Aber, and will evaluate if the blockchain system can act as an “additional reserve” for domestic payments. 🧐

For now, the trial will focus on testing the technical aspects, with the digital currency restricted to “limited” banks in both nations. Following which, "“economic and legal requirements for future uses will be considered".

Suffocating ☠️
According to the recent draft report titled “Obligations and Rules Regarding Cryptocurrencies”by the Central Bank of Iran, "any cryptocurrency wallets will be used only for holding and transferring cryptocurrencies and integrating any kind of services in wallets using cryptocurrencies is forbidden.” 😔

Should the Central Bank of Iran follow through with this (it is currently in the first draft stage and not yet policy), there will be a ban of the use of unapproved cryptocurrencies as a means of payment. However, the report also states that the Central Bank of Iran will not directly restrict anyone from personally holding or transferring small amounts of approved cryptocurrency. 

Additionally, the report states that Iranians could be prohibited from holding large amounts of cryptocurrency in the same way they are officially restricted from owning more than 10,000 Euros outside of their regulated bank accounts. People are speculating this move is part of the Iranian government’s effort to protect the fiat Iranian rial from competition.

Blockchain term of the day 🤓 - Block

A container or collection of transactions, hence the phrase "a block of transactions". It is also a permanent store of records which, once written, cannot be altered or removed.. Each time a block is ‘completed’, it gives way to the next block in the blockchain.

Special announcement 📢 - Hong Kong Blockchain Week by NexChange Group

NexChange Group is delighted to present Hong Kong Blockchain Week, taking place between 4-8 March, 2019. Set to be the largest blockchain event in Hong Kong, the global blockchain community will converge onto Hong Kong to discuss the latest developments and insights into the ever-evolving, real-world applications of blockchain technology. With Hong Kong being the 'Gateway to China', 'Asia's World City', Hong Kong is well positioned to be a leading international blockchain hub. Hong Kong Blockchain Week continues to play an important role in this endeavour.

Other news 📰
  • Swiss crypto wallet manufacturer, Tangem, has been selected by the Marshall Islands to produce physical "notes" for its planned national digital currency. 🤝
  • Graphics card manufacturer, AMD, revealed that it raked in $1.42 billion in revenue in Q4 2018, for a 2018 total of $6.48 billion to record its highest profitability in 7 years. However, it expects revenue to drop for Q1 2019 due  in part to falling demand from cryptocurrency miners. 😣
  • Bloomberg reported, in a story initially available only on its Bloomberg terminals, that Fidelity Investments is shooting for a March launch of their crypto custody service. 👀
Crypto calendar 📅

End Jan - ICE's Bakkt Bitcoin Daily Futures Contract updated launch timeline

Catch the CoinMarketCap team at these community events! 🤝

13 Feb       - OKEX OTC Network launch event (Bangkok, Thailand)
25-26 Feb  - Crypto Assets Conference (Frankfurt, Germany)
Poll of the Day
How much do you agree with this statement: "Security tokens will be the underlying cause of the next bull run" 💭
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Why or why not? Share with me in the polls! 😆
What you said
How much do you agree with this statement: "Binance is my favorite crypto exchange"

The average vote was 6.7.

"Why or why not?"

Easy to use - Can't argue with you there on this one. 👍
I don't use Binance as an exchange, but some of the features on their site like Binance Research and Binance Academy are pretty cool. ago they did a survey to which i responded & they sent me a Trezor.. - Talk about great customer service. Trezors aren't cheap! 💸
Living in the state of WA seems problematic. I have been turned down by 4 exchanges. Two, because I live in the US and two just because I live in WA. Binance was easy to get verified and simple to navigate. - Personally, Binance has the best support. They are very responsive and helpful. ⚡
It doesn't allow fiat money to buy crypto currency. How could a new buyer who doesn't have any coin will buy any of them?! - While it is true that Binance has yet to establish a fiat-crypto gateway for its customers, I believe this will change in due time because it makes great business. 😊
Because, it present a much smoother interface for trading and contains a large category of crypto tokens for trading - It is pretty reliable too! I've only had one instance where I could not withdraw my tokens due to site maintenance. 🤔
Luckily first one I came to after CoinBase which did not provide access to altcoins. - I believe you made the right choice on this one! Although, always remember to move out your tokens into cold storage whenever you're done with trading. 
I won't use an exchange that will not allow me to be anonymous. - In your case, decentralized exchanges would best suit your needs then. 👌🏻
I use this site to purchase all of my coins. I hope it is also a safe place to hold my coins.o would appreciate feedback on its safely. - Never ever store your coins/ tokens on centralized exchanges, even in a reputable one like Binance. Remember what happened with Mt Gox (at the time it was the biggest exchange)! Always store your cryptos in a cold wallet once you're done with your trading. 😉
Ease of use and availability of so many coins makes this a great exchange. - Agreed. 
Nice trading pairs and very transparent. But they really need to list DOGE... - Not too sure about the DOGE part... 😂

Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙
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