“The best preparation for tomorrow is doing your best today.”
- H. Jackson Brown, Jr.
It's Wednesday folks. Gentlemen, this is a gentle reminder that tomorrow is Valentine's Day. 🌹 So if you were intending to get your significant other a gift, here's a reminder to do so! 👌🏻 Treat yo lady right!
Today in history (1996), the late American rapper, Tupac Shakur, also known as "2Pac" or "Makaveli", released his 4th studio album 'All Eyez on Me'. 🎵
In today's newsletter, we will be covering crypto exchange Bithumb launching a fiat-to-crypto exchange in the United Arab Emirates (UAE), Binance to soon release its decentralized exchange for public testing and Oracle now having several live enterprise blockchain deployments.
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! 📚
Goal in sight 🥅
In the past 24 hours, total market capitalization climbed from ~$120.2 billion to ~$121.2 billion, with most coins seeing gains in the ~1-3% range. Daily trading volume has been picking up as of late, and markets registered a ~$20.8 billion trading day yesterday. 👏
BTC is trading at ~$3,640, up ~0.4% over yesterday. Despite the recent run up, it remains to be trading below its 50-day EMA line on the weekly chart, a crucial level it previously held for the past few years until it broke down from it in mid Nov '18. BTC needs to clear this level to present a more credible case that the market has bottomed. 🧐
Global domination ✊
South Korean crypto exchange Bithumb is launching a licensed fiat-to-crypto exchange in the United Arab Emirates (UAE), and has signed a memorandum of understanding (MoU) with the UAE-based firm Nvelop to collaborate on the initiative. 🤝
Nvelop is a firm that funds blockchain businesses in the Middle East and North Africa (MENA) region. Through the partnership, Bithumb seeks to expand to MENA nations such as Saudi Arabia and Bahrain.
Mark your calendars ✍️
Crypto exchange Binance will soon be releasing its decentralized exchange, Binance DEX, for public testing. According to Binance CEO Changpeng Zhao, the firm is looking to launch the native public blockchain being developed to support the DEX, Binance Chain, on 20 Feb. 👀
Binance has already given early access to selected wallet developers and blockchain explorers, who will be integrating tools into the decentralized platform. For example, Ledger’s Nano S is already integrated in the platform. 👌🏻
Zhao also explained that the “Binance DEX works very similar to Bitcoin” in that "there’s no hidden transactions or private transactions.” He also said that there will be a $100,000 listing fee for tokens listed on Binance DEX to reduce the number of “spam or scam projects.”
Binance DEX will be available on all platforms, including Windows, Linux, Mac OS, iOS and Android. 🙌
Supply economics 🤜🤛
According to software giant, Oracle, it now has about a dozen live enterprise blockchain deployments including cargo tracking consortium Global Shipping Business Network (GSBN), educational and professional certificate sharer China Distance Education Holdings, conflict minerals tracker Circulor, and franchise invoice solutions provider SERES. 💪
Other Oracle customers currently in the production stage include Arab Jordan Investment Bank, Certified Origins, NeuroSoft, TradeFin, HealthSync, OriginTrail, ICS FS, SDK.Finance, and Nigeria Customs.
Prior to these deployments, the only major enterprise blockchains in production were built using the IBM Blockchain.
A marketing campaign that distributes a specific cryptocurrency or token to an audience. It is usually initiated by the creator of a cryptocurrency in order to encourage use and build popularity of the coin or token. Most airdrop campaigns run with mechanics such as receiving coins or tokens in exchange for simple tasks like sharing news, referring friends, or downloading an app.
Special announcement 📢 - CoinMarketCap Webinar: "Global Crypto Trends"
Today at 12:00 EST, we will be hosting our first-ever CoinMarketCap webinar on "Global Crypto Trends", presented by PwC Fintech and Crypto Leader for Asia, Henri Arslanian! 😄
Tune in here to better understand what individuals and companies around the world are planning to do with crypto and blockchain! 🤓 But first, don't forget to sign up here!
Other news 📰
The new chair of the Financial Stability Board (FSB), Randal K. Quarles, believes that crypto-assets could challenge "any financial framework". 💪
Ripple, Barclays’s tech accelerator and other investors have backed a $1.7 million round for a new remittance startup that will use the XRP to move funds internationally, SendFriend. 💰
The Canadian crypto exchange which owes customers ~$190 million U.S. in cryptocurrencies and fiat, QuadrigaCX, lost another ~$377,820 by mistake last week by sending more than 100 bitcoins into a cold storage wallet it cannot access. 🤦♂️
How much do you agree with this statement: "I am generally a motivated individual"
The average vote was 7.3
"Why do you say so?"
I feel you do hard work - Why thank you! I do my best. 🙏🏻 I’m VERY motivated when it comes to learning crypto and blockchain and making money. I am VERY unmotivated to vacuum. 😂 - Tell me about it... Household chores sure are a pain in the butt. However, I must also say that sometimes I do find doing cleaning chores quite therapeutic. 💆 Everything is so depressing in the world that it's sometimes very hard for me to get motivated. Some days I wake up thinking, "why should I care?". ☹️ - Perhaps gratitude is the first step. Once you realize how fortunate you are (you can find the littlest of things to be thankful for), it'll be easier to build upon that to find some motivation. 😊 Plenty of others have higher energy levels. - Don't worry about others! It's your own personal race. 🏃 I generally hit my goals sooner or later - You da man! 💪 Always looking for new and better. - This is rollie not a stopwatch, it don't ever stop~ ⌚ A individual who can motivate is a LEADER. there are several in history & present. one does get motivated knowing more on their journey. - True. I let little stand in my way. When I have a goal in mind I stick to it and adapt as necessary in order to accomplish it. - That's what you call "laser focused" I just want to say God bless you to everyone thank you have a good day all of you. - Aww thank you for your kind words. Have a pleasant day too! I used to be but I am slowing down big time due to age, pains in joints, etc. - That must be tough, and I can understand/ relate. I no longer feel as athletic as I used to be despite keeping an active lifestyle. 😔 I am known to procrastinate however once I get going I am unstoppable. - Inertiaaa I am a self-motivated 76 years young person who is Broker/Owner of my Real Estate brokerage, Principal Broker of a Mortgage brokerage and have months ago become a Certified Life Coach! I've got better balance in my life than ever before! - Sounds like you have the right perspective on life. Age is really just a number. It really comes down to how bad you want it. Kudos to you sir! 🙌 Well, I work for Dutch cryptobroker BTC Direct and I'm surrounded by inspirational Bitcoin enthousiasts! Makes it easy to be a motivated individual if everyone around me is inspiring 🙂 - That is awesome. Must feel great to be surrounded by people who share the same interests as you. It can really elevate your game. 💯 Life is full of challenges - I give it horns! - Grab em and show it who's boss! 💪
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙
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