Right attitude

Your daily newsletter for March 5, 2019
Attitude adjustment
Ability is what you're capable of doing. Motivation determines what you do. Attitude determines how well you do it.
Lou Holtz
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Happy Tooosday fellow CMC-ers! I hope y'all were able to fend off the Monday blues. 🤺 If you're feeling particularly down today, take a deep breath, grab a large coffee, and remind yourself why you're doing all this. You got this homie! Let's gooo! 💪

Today in history (1945), the Battle of Ruhr of World War II began. The battle was a 5-month British campaign of strategic bombing against the Nazi Germany Ruhr Area that comprised of coke plants, steelworks and synthetic oil plants. 💣

In today's newsletter, we will be covering Tether to launch its stablecoin on the Tron blockchain, Coinbase letting go of several employees in response to the public outcry from its Neutrino acquisition and crypto finance startup Circle Internet Financial is looking to raise a further $250 million in funding. Today, we also 2 special announcements, one by crypto.com, and another regarding a "Blockchain & Crypto Assets for Finance Professionals" workshop! 

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! 📚


Couldn't hold 😓
Over the last 24 hours, total market capitalization dropped from ~$129.8 billion to ~$126.9 billion, with most coins seeing losses in the ~2-5% range. Notable mover of the day is Binance Coin (BNB), currently up ~19% for the day. 

At time of writing, BTC is currently trading at ~$3,770, down ~1.83% from yesterday. BTC was unable to hold the 50-day EMA support line on the daily chart, and thus is now trading below it. RSI level on the daily chart dropped further from ~51.9 to ~47.8. BTC has now broken into a new trading pattern. It's gonna be interesting to see how this is gonna transpire, but chances are we will be seeing some downward price action. 👀 


Broadened scope 👀
Tether is looking to launch its stablecoin (USDT) as a native token on the Tron blockchain. It has partnered with Tron to launch the dollar-pegged USDT stablecoin as a TRC-20 token. Currently, Tether only exists as a stablecoin built on the Bitcoin and Ethereum blockchains

The addition of this TRC-20 USDT will allow users to more easily transact with decentralized applications (dapps) and protocols based on the Tron blockchain, and thus improve decentralized exchange liquidity and improve Tron's accessibility to institutional investors. 👌🏻

The new version of USDT is expected to launch in Q2.

Making amends 🔨
Following the online criticism over its acquisition of the blockchain analytics firm Neutrino, Coinbase will be letting go of several employees. 👋

According to Coinbase’s CEO, Brian Armstrong, the firm will be letting go of Neutrino’s employees who has worked for the IT startup called Hacking Team, regardless of whether they are not currently affiliated with the startup. In the past, Neutrino’s top management has led projects for Hacking Team, a startup who aided governments known for human rights abuses. 🤦‍♂️

According to Armstrong, Coinbase "had a gap in our diligence process" in that while they "looked hard at the technology and security of the Neutrino product, we [they] did not properly evaluate everything from the perspective of our [its] mission and values as a crypto company.” 🧐

Gotta stay afloat 🏊‍♀️
According to a report from The Information, crypto finance startup Circle Internet Financial is looking to raise a further $250 million in funding via a combination of equity and debt financing. 🤑

Circle offers several services, including crypto buying via its Circle Invest app and an over-the-counter (OTC) trading desk for institutional clients.

The firm previously raised at least $246 million and was also backed by Goldman Sachs, but now seeks more funding due to the prolonged cryptocurrency bear market (according to the report). 🐻

In other news, Circle has also just closed its acquisition of the equity crowdfunding platform SeedInvest, so as to pave the way for the company to tokenize securities in the future.

Blockchain term of the day 🤓 - Gas price
A term used on the Ethereum platform that refers to the price you are willing to pay for a transaction. Setting a higher gas price will incentivize miners to prioritize that transaction over others.

Special announcement 📢: Favorable crypto rates with crypto.com

Buy crypto at the best rates with crypto.com! Crypto.com's Vortex Trading Engine is now live! Prices have been enhanced so as to offer you the best execution prices possible with no fees and no markups! Too good to be true? Find out for yourself! 😄

Special announcement 📢: "Blockchain & Crypto Assets for Finance Professionals" workshop with Henri Arslanian

On the 16th March 2019, CoinMarketCap will be organizing a workshop conducted by PwC's Fintech and Crypto Leader for Asia, Henri Arslanian!

He will cover the essentials a financial services professional needs to know about cryptoassets and blockchain, such as how central bank-backed cryptoassets will change the value ecosystem and serve citizens, the ways financial institutions can start experimenting with the technology, regulatory stances of the various jurisdictions and the latest trends and developments in the global crypto scene that could disrupt the financial sector.

Don't miss out on this rare opportunity to learn from Henri himself. Register now for a 30% early bird discount!


Other news 📰
  • Tagomi, a startup that claims to be the answer to Wall Street prime brokerages, has raised another $12 million ($28 million total) in a funding round led by Paradigm. 💰
  • The company behind Dash (DASH) is to reduce its staffing levels in a cost-cutting effort brought on by the bear market. 😥
  • EY has launched a tool to help cryptocurrency users with their accounting and tax calculations. 🤖
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! 🤝

4-8 Mar      - Hong Kong Blockchain Week 2019 (Hong Kong)
12-14 Mar  - Token2049 (Hong Kong)
23-24 Apr   - 3rd International Blockchain Life 2019 Asia (Singapore)
25-26 Apr   - Trescon World Blockchain Summit Taipei (Taipei, Taiwan)

Poll of the Day
How much do you agree with this statement: "Stablecoins are currently of great use to me" 💭
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Why do you say so? Share with me in the polls! 😆
What you said
How much do you agree with this statement: "I am disappointed in Coinbase's decision to acquire Neutrino"

The average vote was 7.4. 

"Why do you say so?"

Neutrino past dealings - True. They definitely should have looked deeper into the company they were acquiring. 🧐
Because with the purchase of Neutrino, Coinbase is in direct violation of their mission statement of being an open financial system that is not controlled by any one country or company! - Give power back to the people! 😠
no clue at all, i dont use coinbase. also hearing about Neutrino for the first time.. don't know what i missed. - the founders of Neutrino were the same folks who spearheaded Hacking Team, a notorious Italian IT firm whose software has helped authoritarian governments spy on their citizens. 🤦‍♂️
The crypto community is founded on freeing people! fight back against these human rights violators! The decentralized army will put fear into those who choose gains over rights! - This is a revolution! 💪
It doesn’t weigh heavily on my day to day🤷🏼‍♂️ - #stayinyolane 😊
I am so torn about this. When does a tool become a weapon? When the weapon strikes who is to blame? The tool maker or the person holding the tool? - ):
They are profiters nothing else - After all, they are a business. 🤑
This is a blatant attack on our interests. Bitcoin = freedom. Hacker Team is the opposite of freedom. It's better to buy bitcoin with Kraken, BTC Direct or BitFinex - I agree. A very costly lapse of judgement on their end. 💸
Cryptocurrency should be used to free the people, not to enslave them! - Yup!

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