“Be happy for this moment. This moment is your life.”
- Omar Khayyam
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Happy Friday! I know it's been a long week for you guys, so rest up and be sure to make full use of this weekend! 😊
Today in history (1971), Joe Frazier ended Muhammad Ali's 31-fight win streak at Madison Square Garden, NYC and retained the heavyweight boxing title by unanimous points decision over 15 rounds. It was deemed the "Fight of the Century". 🥊
In today's newsletter, we will be covering SWIFT teaming up with SGX to trail blockchain voting via distributed ledger technology, eToro launching a crypto trading platform and wallet service in 32 U.S. states andNomura investing in Quantstamp (QSP). Today, we will also be covering Waves (WAVES) in our weekly deep dive! Also today in our 'Blockchain term of the day' section, we have another well put together infographic done by fund-software-as-a-service platform, Panda Analytics! Lastly, 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! 📚
Keeping hopes up 🙏🏻
Over the last 24 hours, total market capitalization traded within a tight range of
~$132.7 billion and ~$134.4 billion, and is now at ~$133.2 billion. Most coins are either seeing gains or losses in the ~1-3% range. Notable mover of the day is ICON (ICX), currently up ~15.5%. Overall, we saw healthier daily volume levels this week. 😬
BTC is currently trading at ~$3,920, up ~0.4% over yesterday. RSI level on the daily chart did not move again at ~55, indicative of continued slight market indecisiveness. On the weekly chart, RSI level has been gradually picking up since late Jan (~33.7) to today (~40). Additionally, the MACD line on the daily chart seems poised to cross to the upside of the signal line in the coming days. We could be seeing BTC testing the 50-day EMA line on the weekly chart sometime next week. 👀
Blockchain integration 🤖
Financial messaging giant SWIFT has teamed up with SGX and major banks Deutsche Bank, DBS, HSBC and Standard Chartered Bank, as well as securities software provider SLIB, to trial blockchain voting via Distributed Ledger Technology (DLT). 🤖
The proof-of-concept (PoC) trial aims to test a DLT voting solution involving issuers and a central securities depository (CSD), with data managed over a permissioned private blockchain. DBS and SGX will act as both participants and issuers, while Deutsche Bank, HSBC and Standard Chartered Bank will act as participants for the effort. 👍
In 2017, SWIFT had helped a consortium backed by a group of CSDs on plans to develop a similar distributed ledger proxy voting system.
More trading avenues 🤝
Israel-based social trading giant eToro has launched a cryptocurrency trading platform and wallet service in 32 states in the U.S. 😀
eToro’s “social” model allows users to reproduce other traders’ bets through its CopyTrader and CopyPortfolios features. The crypto trading platform will also offer 3 CopyPortfolios. 🔥
Currently, eToro has launched a multi-signature crypto wallet in the U.S. that supports 6 cryptocurrencies (Bitcoin (BTC), Bitcoin cash (BCH), Ether (ETH), Litecoin (LTC), XRP (XRP) and Stellar (XLM)).
Locked n loaded 🔫
Japanese financial holding company Nomura has invested in Y Combinator-backed smart contract auditing startup Quantstamp (QSP). 💰
With the investment, Quantstamp will now be setting up a new subsidiary in Japan with an aim to help the country’s startups and corporations in using “secure” blockchain technology. 💪
According to Quantstamp’s co-founder and CEO Richard Ma, the market for smart contract-based applications is “strong” in Japan and will “only be growing”.
Waves is a blockchain platform in which users can create their own customized tokens, perform crowdfunding campaings and buy/sell/trade tokens.
Founded in 2016 by Russian entrepreneur Alexander Ivanov, the Waves platform launched shortly after a $16 million ICO campaign.
Somewhat similar to Ethereum, Waves' mission is to offer the world a shared infrastructure equipped with easy-to-use and highly functional tools that will make blockchain accessible to every person or organization.
Why people love it 😘
Waves have been picking up some steam as a viable ICO platform.
The Waves platform is equipped with a decentralized exchange, WAVESDEX, that allows for low fee and fast token/ fiat trading within the Waves platform.
Waves has some good partnerships, such as Deloitte, the Russian Central Securities Depository and Burger King (Russia). It also has strong ties with several Russian banks, allowing them to establish necessary and very beneficial fiat gateways so that the platform allows for trading against fiat currencies like the USD and EUR.
Why people doubt it 🤔
The blockchain platform space is already crowded and saturated. It will take much to stand out.
The Waves platform isn't the most user-friendliest of interfaces. It needs to improve on this to increase adoption rates.
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 📰
Crypto exchange giant Kraken has hired former Sony studio head Matt Mason to be its first Chief Marketing Officer. 🤝
The city of Denver in Colorado, USA, plans to pilot a blockchain voting app in its upcoming municipal elections. 🗳️
Former employees of cryptocurrency mining and manufacturing giant Bitmain have formed a startup to lend and trade crypto. 😲
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
Why do you say so? What are your plans for the weekend? Share with me in the polls! 😆
What you said
How much do you agree with this statement: "I have been consistently buying crypto/ loading up my bags throughout this bear market"
The average vote was a resounding 8. 51.9% of y'all even voted a 10! Proud of everyone, fam! 💪 We're all going to the moon! I am confident that this is going to pay off. 🚀
"Why or why not?"
Because I'm still worried we haven't hit the floor yet. - It's really hard to time the exact bottom. 🤔 Started investing last Sept. I keep dollar cost averaging every 7 to 10 days. I’m down about 10%. But, I feel very good about the next 2 years. - Rightfully so! I believe it's going to pay off in due time! 💰 I’m new, but EVERYONE understands BUY LOW!(don’t they 🤔?) I’ve read oodles and oodles since last September so I have a reasonably good idea that we are truly in a Bear market and the Bulls are bound to come if we wait long enough.Crypto is teaching me patience and I’m the most impatient person you know! - Glad that the space is teaching you lessons that are applicable and useful in day-to-day life! And welcome to crypto! 👋 i do try to spare a small of my earning every month & buy BTC. I own other crypto assets, but use fiat to stock on Bitcoin. - Smart! 🤓 This is a new industry. Reminds me of the early days of Computer Software and Hardware Competition, 'Search Engine' Wars and the beginning of the Cell Phone Providers. Who could have imagined a computer in every home, a cell phone in every hand and now a Cryptocurrency account for every person? - Hopefully, crypto will have a similar fate and achieve the same level of widespread adoption. 🙏🏻 I have been, I’ll be ready for the turn around - Let's goooo 💪 You know you have faith when your disappointed that the price when up because it means you can’t buy them up as cheap anymore, then it crashes and you buy twice as much with a smile on your face... - One of the best feelings a human is capable of experiencing. 😬 Ibuy when its on sale - Good job! I'm a believer - it is just a matter of time (how long is the $64k crypto question) before we see moves upwards for many of the cryptos - Agreed. Preach it! 🗣️ Haven't reached the bottom yet. - Timing the bottom as a trading strategy isn't the easiest thing to do, and can prove to be immensely stressful and time consuming. 😊✌สู้ - To the moon! 🚀 Gotta buy them when they're cheap - True. My employer pays me in bitcoin every month 🙂 - That's honestly so awesome! Truly living and breathing crypto. 👍 Would have been silly not to. Hopefully I picked the good ones and next year or so retirement beckons! - Definitely closer to it. 😀
Thank you all for reading! Catch you back here again next week for your daily dose of crypto news! 💙
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