“Patience is not simply the ability to wait - it's how we behave while we're waiting.”
- Joyce Meyer
Happy Thursday! One more day to the weekend guys, you can do it! 💪
Today in history (1985), "New York, New York" by Frank Sinatra became the official anthem of New York City! 🎵
In today's newsletter, we will be covering Coinbase extending its PayPal withdrawal option to 32 European countries, Android browser Opera now providing a cash-to-crypto buying service for its Android wallet and the Wall Street Blockchain Alliance (WSBA) collaborating with blockchain consortium R3 to develop applications and solutions on their Corda platform. Today, we also have a special announcement pertaining to our first ever CoinMarketCap webinar! So don't forget to check that out below too!
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! 📚
Wait it out ⏲️
In the past 24 hours, total market capitalization dropped to ~$110.9 billion early in the morning, before climbing its way back to ~$112.1 billion later on in the day. Most coins are seeing gains in the ~1-3% range.
Bitcoin is currently trading at ~$3,420, up 0% over yesterday. RSI levels on the daily chart also did not budge at ~38.8. If we take a look at the monthly chart, RSI levels have been decreasing since its all time high in Dec 2017 of ~95.6 to its current level of ~43, an all time low. However, it seems that downward momentum has been slowing down, evidenced by the decreasing RSI gradient line. While this bearish run may still have some steam left, I believe that we will soon see the end of it in the coming months.
Coinbase has announced that it has extended its PayPal withdrawal option to customers from 32 European countries, specifically the 28 EU member countries and 4 nations of the ESTA (Iceland, Liechtenstein, Norway and Switzerland). 😊
Up till now, European customers only had Single Euro Payments Area (SEPA) and UK Faster Payments options available for withdrawals. Now, they are able to link their PayPal accounts to their Coinbase account and select that as a payment option when withdrawing cash balances.
On a separate note, in the coming week Coinbase will be offering Bitcoin (BTC) support for its Wallet app on iOS and Android. Users will be able to directly control their BTC holding through the app. 😲
Add on ➕
Android browser, Opera, has partnered with regulated crypto brokerage Safello to provide a cash-to-crypto buying service for its Android wallet that allows users to buy Ethereum (ETH) directly through the browser-based wallet. 👌🏻
Safello, registered with Sweden’s Financial Supervisory Authority, will verify users looking to make a purchase through Sweden’s BankID and Denmark’s NemID citizens’ identity solutions. According to Opera, the ETH purchasing process should take "less than a minute”. ⚡
The service is currently available only in Sweden, Norway and Denmark. For a limited time, users in Sweden and Denmark will get a discounted fee of 2.5% and 5% respectively from Safello.
Building blocks 🔨
According to a recent press release, the Wall Street Blockchain Alliance (WSBA), a non-profit trade association that promotes the general adoption of blockchain technology and crypto assets across international markets, has joined blockchain consortium R3 to develop applications and solutions on their Corda platform. 🤝
According to R3's CEO, David E. Rutter, the WSBA and R3 will collaborate to “advocate a strategic approach to collaborating with regulatory bodies so that financial markets and beyond can gain the full benefits of blockchain’s capabilities.” 👌
R3 is the enterprise blockchain software firm that developed the open-source blockchain platform for private and public sectors across multiple industries, Corda. Corda allows institutions transact directly with the usage of smart contracts while ensuring their user's privacy and security. 🤖
"On a scale of 1-10 (10 being most difficult), how difficult was it for you to purchase your first cryptocurrency?"
The average vote was 6.9.
"Why or why not?"
It took me over three weeks to deposit cash. There was some problem. Email from them confirmed there was a problem. Customer service had no record of me trying to deposit. But, they did say I had deposited my limit for the week. Three weeks to sort it out. Everything has gone well since. - Good to hear! 👍 I just didn't know what I was doing. - I hope you were able to figure it out without too much hassle. 😅 Because I mine my first crypto! XD - Oooooh! Good on you. That is many times harder! 🤯 You have to figure out where or how to purchase. Then try to determine what exchange is safe or secure. Many banks don't participate with crypto exchanges, so it can be difficult to fund an account. There are security and identity hoops to set up an account and then you can finally buy a coin. - Yeah those KYC/AML procedures you have to follow through with. They can be quite a pain. 😔 To be honest my wife is my crutch,I’m the passionate artist type she’s the shark☯️ Works quite beautifully, she went above and beyond as a beginner to dyor,she needed persuasion, we have never saved a penny. Definitely a process but got it down - It's so awesome to hear that you guys are on this journey together. Sounds like crypto created a bonding experience for the both of you, which is heartwarming. 💓 It was straight forward for me. Transferred money from bank account & bought Bitcoin. funny thing was price went down immediately after i bought. but as you know HODL mantra worked. - Sounds like a similar story to mine. I actually bought at a high when I first started. 🤦♂️ i'm not a computer nerd. A majority of people I talk to have little ability to create a exch acct. Needs to be easy for a mainstream adoption. - It definitely has to be easily accessible and understandable for the everyday user/ average Joe. It was downright scary, all the different steps and new terminology ugh! - Steep learning curve, but it was all worth it right? (: Not too difficult as i am a miner 😝 - Mining is much harder! Good on you! 😊 It was on kraken and there not a user friendly platform - Not the simplest platform, but I've never encountered any issues on their platform so I would give it a thumbs up. 👍 Bought my first bitcoin with BTC Direct! Broker from the Netherlands. They helped me set up my first wallet with their video- and written content. All in all it took me 15 minutes 🙂 - That is actually really fast! All exchanges should strive to make first time customers' experience as fast and as pleasant as yours was. 😊 Not really difficult, but because of the crypto ‘lingo’ it sounds like proverbial rocket science until you actually do it. Then KYC pictures etc. So first time is maybe a bit painful. Second is at least as easy as using PayPal or doing bank transfer. - Yup, it gets really easy after 1-2 tries!
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙
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