Daily Email Archive

Rest & relaxation

Your daily newsletter for February 22, 2019
It is requisite for the relaxation of the mind that we make use, from time to time, of playful deeds and jokes.
Thomas Aquinas
Cheers to the weekend! Now go forth and enjoy your well deserved break. You folks deserve it! But first, don't forget to read today's newsletter! 😁

On a separate note, yesterday's newsletter titled "Electric feels" was dated for 20th Feb. It was meant to be for the 21st. Yep, my bad! 😅 

Today in history (1821), Spain sold East Florida to the United States for $5 million, under the Adams–Onís Treaty of 1819 (also known as the Transcontinental Treaty). 🤝
In today's newsletter, we will be covering Samsung’s new Galaxy S10 to include a dedicated secure storage function for crypto private keys, Mark Zuckerberg currently evaluating blockchain’s potential and Pantera Capital raising more money for its new fund. Today, we will also be covering Augur (REP) in our weekly deep dive! And...also starting today, we will be introducing in our 'Blockchain term of the day' section some well put together infographics done by fund-software-as-a-service platform, Panda Analytics

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! 📚

All part of the plan 👌🏻
Over the last 24 hours, total market capitalization dipped slightly from ~$135.5 billion to ~$134.4 billion, with most coins seeing losses in the ~1-2% range. 24 hour volume has also dropped slightly from ~$28.4 billion to ~$25.2 billion. We can expect this number dropping further during the weekend, but hopefully it will pick up again on Monday and continue yet another good volume week. 🙏🏻

BTC is currently trading at ~$3,970, down ~0.2% over yesterday. It has been making higher highs and higher lows since 8 Feb when it broke out of its previous trading pattern. RSI levels on the daily chart has dropped slightly to ~67.8, indicative of decreasing bullish momentum. The 21-day EMA line on the daily chart is about cross to the upside of the 50-day EMA line for the first time since late July 2018. 👀

Trendsetter 😎
Samsung’s latest flagship phone, the Galaxy S10, will include a dedicated secure storage function designed for cryptocurrency private keys in the form of the Samsung Knox. 🔥

The S10 joins a growing line of smartphones designed with cryptocurrency functions, including HTC’s EXODUS 1 and Sirin Labs’ Finney, both of which were announced last year. However, Samsung is the largest phone manufacturer to unveil a blockchain feature in a phone to date out of all will likely see the widest distribution.

Take notice 👀
Facebook CEO Mark Zuckerberg is currently evaluating blockchain’s potential to allow internet users to log in to various services via one set of credentials stored in a decentralized system. 🙌

According to Zuckerberg, this arrangement for logins would appeal to software developers who are unwilling to rely on corporations that can cut off users’ access. 😊 He also noted that the downside to this since less regulation would also prevent firms from dealing with bad actors. 

Support me 🤑
Crypto-focused venture firm Pantera Capital has already raised $125 million of its new $175 million fund ahead of the March closing deadline. 💰

Though $125 million is currently committed to the fund, only $25 million has been secured since last August, when Pantera reported that $100 million had already been raised.

This will be Pantera’s third fund fund, and its prior two funds have already
 invested in 44 companies so far. According to the firm's pitch decks, this new one is projected to support 30 to 50 companies. 🤯

Blockchain term of the day 🤓 - 51% Attack
Crypto deep dive: Augur
  • Cryptocurrency: REP
  • Market Capitalization Rank: 35th (~$152.2 million)
  • Consensus: Proof-of-Work (PoW)
What its about ⚙️
  • Augur is a decentralized prediction market that harnesses the wisdom of the crowd and lets users create and trade event outcomes. It is built atop the Ethereum protocol. 
  • Users are able to bet on the outcomes of events such as company performance, election results or even natural phenomena by purchasing shares that would either support or refute the proposed outcomes of such specified events.
Why people love it 😘
  • Users are able to create their own market prices, which differentiates themselves from other betting platforms. 
  • Augur was one of the first high-profile ICOs in the space, which has garnered it a loyal following. It has ~9.8k subscribers on Reddit and ~122k followers on Twitter.
  • The online gambling market is one that is huge. If Augur is able to capture just a fraction of this, it can be very lucrative. Coupled with the low barrier to entry for users, adoption rates could easily rise sharply given the right catalyst.  
Why people doubt it 🤔 

  • There are currently very few markets in Augur that are liquid and so positions rarely get filled. Additionally, market categories are messy as users can create any tag for their markets.  
  • Augur's success is partly dependent on the success of its underlying protocol, Ethereum. As Ethereum continues to face more competition in the blockchain protocol space, Augur's success rate inherently diminishes.
  • Augur took about 3 years to launch its mainnet, which many believe was way too long.

Other news 📰
  • Venture capital firm Sequoia India led a $3 million seed round for blockchain startup Band Protocol, which incentivizes reliable content producers with token rewards and staking in a bid to tackle ‘fake news’. 💰
  • Spanish telecom giant Telefonica is set to trial a blockchain-based platform that lets users sell their personal information in a decentralized data marketplace. 🤖
  • QuadrigaCX has emptied their online wallets for Bitcoin, Ethereum and other cryptocurrencies and have sent the funds to the failed cryptocurrency exchange’s court-appointed monitor, Ernst & Young (EY), which will hold the cryptocurrency in cold storage pending further order of the Court. 👨‍⚖️
Crypto calendar 📅

31 Mar  - U.S. SEC's initial decision on the NYSE Arca and Bitwise Asset Management's Bitcoin ETF application
5 Apr    - U.S. SEC's initial decision on the VanEck, SolidX and the Cboe BZX Exchange Bitcoin ETF application
TBA      - ICE's Bakkt Bitcoin Daily Futures Contract updated launch timeline

Catch the CoinMarketCap team at these community events! 🤝

25-26 Feb   - Crypto Assets Conference (Frankfurt, Germany)
27-28 Feb   - Trescon Kuala Lumpur (Kuala Lumpur, Malaysia)
4-8 Mar       - Hong Kong Blockchain Week 2019 (Hong Kong)
13-14 Mar   - Token2049 (Hong Kong)
Poll of the Day
On a scale of 1-10 (10 being most pleased), how much do you like the new infographics in our "Blockchain term of the day" section? 💭
Why do you say so? Share with me in the polls! 😆
What you said
How much do you agree with this statement: "the VanEck, SolidX and the Cboe BZX Exchange Bitcoin ETF application will get approved this time"

The average vote was 6.5. Not too bad, y'all are still relatively optimistic!

"Why do you say so?"

Yeah man this time or maybe the next two tries should do it that’s what I’m betting on!! - The crypto world wishes so alongside you! 😊
Almost everything in the crypto world of predictions is at best, a shot in the dark. - Well it's certainly fun to indulge in these things every once in awhile. 😂
don't have any doubt.. Bitcoin will be accepted by every government / institution. - Testify! 
Long story short, I feel like whoever makes this decision is going be looking at the charts and past/presents events, and thinking this currency/market needs a bit more time to mature before they get involved. - Leap of faiths are needed every once in awhile. Taking this step can help it reach it maturation they are looking for too as it will deepen liquidity pools. 

Bitcoin has become mainstream. Look at Venezuela... - I have strong doubts about Venezuela's "petro" though. 😅
I don't understand cryptocurrency enough to know. Although, pushing crypto into the mainstream always seems to be a hard sell. - It's definitely still a hard sell, but I feel that part of that reason is because there aren't enough educational avenues for people to learn about it. I think crypto presents a really strong case if one takes the time to learn about it. At the rate crypto education continues to improve, I am confident that we will get a significant number of converts in the next few years. 🙏🏻
I have done my research - You sound pretty confident (: I like that.
just noooo - Why nottttt
Not enough Staff working because of your Presidents stubborness . - Hahaha, no comment. 😂

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