Count your blessings

Your daily newsletter for March 14, 2019
Give thanks
Feeling gratitude and not expressing it is like wrapping a present and not giving it.
- William Arthur Ward
Good to see you again, CMC crew! It sure is a beautiful Thursday, but what makes it even more beautiful is knowing that the weekend is close. 🤣 Hang in there fellas!  

Today in history (2013), Xi Jinping was elected the President of the People's Republic of China, in a confirmation vote by the 12th National People's Congress in Beijing. He received 2,952 for, one vote against, and three abstentions. Talk about landslide victories! 🤯

In today's newsletter, we will be covering long-time privacy coin Grin (GRIN) coder "Ignotus Peverell” voted by developers to receive financial support to work on the cryptocurrency, Coinbase Custody integrating with Coinbase Pro's OTC desk and Bcause LLC to use Nasdaq’s matching engine, clearing and market surveillance tools to operate a spot crypto market. Today, we also have a special announcement about decentralized exchange ResDEX by ResistanceSo 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! 📚

A boring day 😴
It was a rather uneventful past 24 hours. Total market capitalization did not most from ~$134.5 billion, with most coins either seeing gains or losses in the ~1-2% range. 24 hour volume for the day is currently at ~$29.3 billion.

BTC is currently trading at ~$3,910, also experiencing no change over yesterday. RSI level on the daily chart again did not move at ~54.7, indicative of further market indecisiveness. BTC is also still trading above its 21-day EMA line on the daily chart. 👀


Paid to build 💰
In a recent weekly meeting, long-time privacy coin Grin (GRIN) coder "Ignotus Peverell” was voted by developers to receive financial support to work on the cryptocurrency, a move that will make him the nascent project’s 3rd paid team member. He will be given roughly $10,000 per month to work on Grin. 💰 Ignotus Peverell is one of the original creators of the Grin project who started the project back in 2016.

Grin is a relatively new blockchain that went live in mid-January. It utilizes the “MimbleWimble” protocol, named after a tongue-tying curse in Harry Potter books, to obfuscate transaction details such as amount and account addresses. 🙈

The meeting also confirmed a $17,000 “contract and payment” of security auditing firm Coinspect, as developers previously decided to conduct a third-party review of Grin’s “cryptographic and consensus-critical code”. Grin community members are expecting a draft report by 20 April.

Game changer 😀
According to an official blog post, shortly after directly integrating Coinbase Custody with Coinbase Pro's OTC desk, Coinbase Custody completed its first over-the-counter (OTC) trade directly out of cold, or offline, storage. 🤯

According to the post, this was a “major unlock” for Coinbase's clients as it marked the availability of “immediate” liquidity. Prior to this, a trader would have to withdraw the assets from a offline cold storage and transfer it to an online wallet to execute a trade. 🤖

The connection of these 2 departments allows users to leverage the OTC desk and buy and sell without needing to move funds out of cold storage. 

Nasdaq-powered 💪
Bcause LLC, described as a “full-stack cryptocurrency ecosystem,” recently announced that it will be using Nasdaq’s matching engine, clearing and market surveillance tools through the Nasdaq Financial Framework platform to operate a spot cryptocurrency market, to be launched within the next few months. 👀

Bcause has also filed to become a designated contract market and to launch a derivatives clearing organization with the U.S. Commodity Futures Trading Commission (CFTC).

Bcause seeks to be the only “one-stop shop” to operate a spot trading market, crypto mining facility and a futures/derivatives clearinghouse.


Blockchain term of the day 🤓 - Pre-mine
When some or all of a coin’s initial supply is generated during or before the public launch, rather than being generated over time through mining or inflation. They may be used for legitimate purposes, such as crowdfunding or marketing.

Special Announcement 📢: Decentralized exchange ResDEX by Resistance

ResDEX is a decentralized exchange built atop an atomic swap protocol, and is equipped with cross chain capabilities. 

ResDEX is supported by a privacy-oriented blockchain that uses the Resistance privacy coin, RES, as an intermediary to facilitate optional private trades. Liquidity on the exchange is provided by Huobi, with market making by GSR, and hardware wallet support from Ledger. 

Do visit the Resistance website for more information! Also, come engage with the Resistance community here on Telegram and Discord!


Other news 📰
  • In a recent statement published by the now widowed Jennifer Robertson, the late founder of Canadian crypto exchange QuadrigaCX, Gerry Cotten, was purportedly funding the exchange with his own money while it was in litigation with a major Canadian bank. 🤔
  • Cosmos, a blockchain designed to improve the interoperability between blockchains, has officially released a live software. 💪
  • Venture capital firms Polychain and Digital Currency Group have invested an undisclosed sum in cryptocurrency futures exchange CoinFLEX. 💰
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! 🤝

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: "I am a fan of Grin (GRIN)" 💭
1
2
3
4
5
6
7
8
9
10
Why or why not? Share with me in the polls! 😆
What you said
"On a scale of 1-10 (10 being most interested), how interested are you in seeing a "Tutorial Tuesday" section (weekly educational video) in the newsletter every Tuesday?"

The average vote was a 8.9. A convincing 64.6% of y'all voted a 10! Okay, I definitely hear you guys. Tutorial Tuesdays are officially gonna be a thing starting next Tuesday!! 🔥

"Why or why not?"

The more we learn, the better to explain and help mass adoption. - That is the aim! I believe in this space so much, I feel like I have a personal obligation to drive adoption. 😬
I don't know. 7 looked like a good number. - Hahaha lucky number 7! 🤞
I'm totally interested but if it's too long and un engaging then ........meh - Not to worry! It will be short and sweet. 👍
Education is good! Knowledge is good! Hopefully the Tutorials will be good also! - They definitely will be. Videos will be vetted to ensure you guys are getting only the best content. 😀
Nice and clean, loved the Pink Floyd ether mashup and lava lamp, and info to 🥾 ☯️ Also and I quote “money it’s a crime” -Pink Floyd another quote “money it’s a gas” hmm foresighted by Pink Floyd, grab that cash with both hands and make a stash - Stacks on stacks 🤑

There’s a bunch to learn and I need help to do that. - All you have to do, is stay tuned in! You will be brought up to speed in no time. 👌🏻
Better understanding of the market. - Always a good idea. 
looks very interesting.. if possible make in between 2 to 3 minutes.. - Yup! It will be concise yet thorough. I understand the importance of delivering bite-sized information to my audience! 😊
Although I've been involved with blockchain technology since 2016, I like to think of myself as a 'lifetime student'. Having a tutorial to listen to every Tuesday, from a reputable source such as CoinMarketCap, would be a good addition to an already great resource. - It's great that you recognize the importance of continuous learning and growth! And thank you for your kind words! Here at CMC, we truly strive to give provide our audience with the best content possible because we care and we have a genuine passion for the space. We sincerely believe that blockchain is the future and we are doing our best to help drive adoption. 💪
Because is EASY to understand - True. Many of us (myself included) are visual learners! 👀
Always more to be learned. - This is so so true!
Continual learning enhances not only your journey, but also your knowledge, experience and hopefully your bank balance!!! - The money will come! 💰
A very good idea, I fascinated, where and when i can start requesting tutorials? - Oh it's going to be a weekly video every Tuesday! Simply tune in and click on the link then! 🙌
I need the crypto education because I"m stupid. - Don't say that! Every one learns at their own pace! As long as you're learning, you're good. It really is a marathon and not a race when it comes to these things. 👌🏻
OMG!!!!! I need these tutorials in my life.... come on CoinMarketCap, make it happen 🙂 - It's gonna be fire. And yes, it is happening (:
Sure, sounds educational. - It is! 
Videos are a great quick way to learn - Yup, agreed! 
Knowledge is power to make realistic choices - It gives you the base to be creative too! 🧠
I just want to educate myself on the future currency.. - You will be educated.
I believe your actual expertise allow you to be able to inform and transmit real crypto knowledge to the community whitough Propaganda. - We try our best to provide factual and impartial information and data! 😋
It is always a good thing to keep learning - Yes.
To me it's a great idea! I'm trying to learn as much as I can so I can invest in the best utility technology and participate in the future of monetary transactions. - Yup, I think its a great time to get your hands wet!
A really simple language for those who are novice in the field is very important in a period of change like this. I'll surely be watching all of them - I'm confident that you're not gonna be disappointed!
More Knowledge...More better - More powaaa 💪
Because we all need to stay educated in this everchanging space - Educate ourselves to protect ourselves. 🛡️
Since you have something to say. - This is only the tip of the iceberg. 🏔️
I really enjoyed the presentation and the video was well made and most of all not boring. - Glad you liked it! Stay tuned for similar content in the coming weeks! 👀

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