“It's not the load that breaks you down, it's the way you carry it.”
- Lou Holtz
Happy Wednesday, ladies and gents! I know you've all been committed to the cause and been working really hard this week, but don't forget to take breaks every now and then - like taking a leisurely stroll every 2 hours, or doing push ups every hour. It's great for sustaining higher levels of productivity! 👌🏻
Today in history (1986), Microsoft went public through an initial public offering, at an opening price of $21 per share. Each share is worth about ~$113 today! 🤑
In today's newsletter, we will be covering digital currency wallet Abra adding direct support for Ethereum (ETH), Thailand's SEC approving its first ICO portal and crypto exchange Bittrex to host an Initial Exchange Offering (IEO). Today, we also have a special announcement about 'Tutorial Tuesdays'! 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! 📚
Small wiggle room 🕺
In the past 24 hours, total market capitalization bounced between a tight range of ~$133.4 billion and ~$134.6 billion, with most coins seeing gains in the ~1-3% range. Notable movers of the day are Dash (DASH) and VeChain (VET), each up ~10% and ~11.9% respectively. 📈
BTC is currently trading at ~$3,915, up ~0.5% over yesterday. There wasn't much action on BTC's end, as it traded within a ~$20 range (~$3,900 and ~$3,920) the entire day. RSI level on the daily chart did not move at ~54.7, indicative of some market indecisiveness over the last few days. BTC is still trading above its 21-day EMA line on the daily chart.
The real thing 👍
Digital currency wallet and exchange, Abra, has launched native Ethereum (ETH) support. Users can now receive, hold, sell and buy ETH directly from the Abra wallet, as well as use the altcoin to invest in the other 30+ crypto and 50+ fiat currencies within the Abra platform. 😋
According to an official blog post by Abra, up till now it has only supported Ethereum as a so-called “synthetic asset” in which crypto-collateralized contracts were created so that users could gain exposure to the altcoin’s price movements, but not hold the coin itself.
According to Abra CEO, Bill Barhydt, the launch of Ethereum support has "set the stage for Abra to launch native ERC-20 support, in particular a whole bunch of [ERC20-based] stablecoins".
It's the land of smiles alright 😀
Thailand's Securities and Exchange Commission's (SEC) board of directors has approved the first initial coin offering (ICO) portal in the country. 🤝
There is now an ICO portal, albeit a foreign entity, that screens ICOs, performs due diligence, confirms smart contract source codes and conducts Know Your Customer (KYC) procedures.
According to the director of the fintech department at the SEC, Archari Suppiroj,"the first ICO deal will be available for public offering in the near future under the digital asset royal decree.” 😲
Crypto exchange Bittrex is hosting its first token sale on 15 March, dubbed an Initial Exchange Offering (IEO), on Bittrex International, its Malta-based digital asset trading platform. 👀
Bittrex users will be able to use Bitcoin (BTC) to purchase “XRD” tokens, developed by international gaming data blockchain project Raid. Raid is a project that rewards gamers for sharing data,as part of a tokenized ecosystem that seeks to enhance marketing and business growth and foster other improvements for gaming companies.
According to Bittrex CEO, Bill Shihara, IEOs will allow international token investors to back new blockchain projects “with the peace of mind that comes from Bittrex International regulated in Malta.” 😊
A form of technical analysis that serves as a momentum oscillator, measuring the speed and change of price movements, developed by J. Welles Wilder. It oscillates between zero and 100, where a cryptocurrency is considered overbought when the indicator is above 70 and oversold when below 30.
Special Announcement 📢: Tutorial Tuesdays
I am very excited to announce that starting next Tuesday, we will be introducing a 'Tutorial Tuesday' section in every Tuesday's newsletter!
It will comprise of a weekly educational video, created by our good friends over at Goodbit! Here's a sneak preview! Do check it out at let me know how you feel about it in today's poll below!
Other news 📰
Binance’s official wallet, Trust Wallet, has added support for XRP (XRP) and credit card payments. 💪
Coinbase has launched a new feature that allows users to directly transfer crypto holdings on Coinbase.com to accounts in the firm’s wallet app. 🤖
Major U.K. energy company, OVO, has invested in blockchain firm Electron. 💰
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
How much do you agree with this statement: "I believe there will soon be an Instagram coin"
The average vote was a 5.3.
"Why do you say so?"
gut feeeling - A feelin in your belly~ 😊 Market moving for this direction - Seems so! Hurray for tokenization! 🙌 Everyone's doing it, it's like the new cool thing to do. Users are already in there so adoption would be a breeze - True. 👍 Why not? What about a Twitter Coin? Facebook already start working on his Facebook Coin! - Yep! It could all happen really quickly. 😬 I think it would be only a natural end point to how you bring more satisfaction/pleasure to their customers. If you have a defined domain and can own or manage 90% of all of the domains transactions. One of the most popular things that folks enjoy about cruising on these big ships is that they don't require cash...big deal. - I do agree that a huge value proponent about these platforms is that they are free to use. However, the introduction of platform-specific coins could create an 'enhanced' experience for users who feel the need to have them. Given that Facebook owns Instagram, it would make much more sense for Instagram to use the Facebook coin instead. - Why not have create 2 avenues to generate revenue? 😉 When you guys ask questions like that I know I’ll hear about it later in the day or tomorrow 😉 so yes I never thought about it but now I’m sure☮️ - Hahaha! 😂 Well, everyone, these days like to have his own coin, so why not Instagram? - Gotta jump on the bandwagon! silly idea - Not as long as it makes $$$ 🤑 I think if facebook launch a crypto its only a matter of time before insta follows suit - I believe so too. Owned by the same company, it always seems to follow trends set by fb and its a good ways to dominate the market by saturating it - It's a snowball effect. So easy to implement too.
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙
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