“The more beautiful things are not associated with money; they are memories and moments. If you don't celebrate those, they can pass you by.”
- Alek Wek
Happy Friday! Long week, but we made it homies! Time to partay! 🎉
Today in history (1963), the Beatles released their first album, titled "Please please me". 🙏🏻😉
In today's newsletter, we will be covering Facebook seeking a counsel to help it forge blockchain partnerships, Alibaba and Aerospace Information Co. partnering to promote and develop blockchain technology andBitmain planning to deploy 200,000 mining units in China.Today, we will also be covering Dogecoin (DOGE) 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! We also have 2 special announcements today, one regarding a webinar with Karthik Iyerone and the other for our new CoinMarketCap mobile app! 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! 📚
Over the last 24 hours, total market capitalization slipped from ~$141.8 billion to ~$139.1 billion, and registered a ~$34.6 billion daily trading volume - the highest it's been the entire week. Most coins are seeing losses in the ~2-5% range. 😔
BTC is down ~1.3%, and is currently trading at ~$4,030. The good news is that we are still above the $4,000 mark. The bad news is that the slight market sell off pushed it below its 100-day EMA line on the daily chart, and brought RSI levels down from ~65 to ~55. Also on the daily chart, the MACD line crossed to the downside of the signal line, and so we might see some downward movement in the coming days.
Seeking expertise 🤗
Facebook is seeking a counsel to forge blockchain partnerships for new products as part of its recruitment drive. 👀
A new job posting put up by the company requires candidates to possess both tech and legal expertise, with” 5+ years of legal experience, including 4+ years of technology transactions experience, particularly with blockchain or payments technology and related legal issues”. 👴🏻
Facebook has posted more than 20 blockchain related jobs this year, further signaling its interest in this technology. A New York Times report last month revealed that the social media giant has been working on a token for payments across the company’s media platforms, which include WhatsApp and Instagram.
Collaborate to dominate 🤝
Chinese e-commerce conglomerate Alibaba and software giant Aerospace Information Co. has partnered to promote and develop blockchain technology. 💪
Chinese finance publication, Securities Daily, reported that the two parties have agreed to use their brands' technologies to integrate resources and cooperate in the fields of cloud computing services, finance and taxation, government affairs and blockchain technology, among others. 😲
In recent weeks, vice president of Alibaba Group, Liu Song, revealed the company’s plans to implement blockchain technology for cross-border supply chains, with the possibility to link the ecosystem with local governments.
Follow the money 🤑
Bitmain,the largest manufacturer of cryptocurrency mining equipment, is planning to deploy 200,000 units of its own mining equipment in China to take advantage of an expected drop in electricity costs. The units are estimated to be worth $80 million. 🤯
Though Bitmain’s revenue comes predominantly from equipment sales rather than self-mining, the opportunity costs would be too much to give up the latter. Even assuming the 200,000 machines will all be the lower-end Antminer S9j (as opposed to S11 and S15), the capacity could potentially bring home a monthly profit of about $7.7 million for the company. 💰
The name "Doge" comes from an internet meme involving a Japanese dog breed known as the Shiba Inu. As you probably have already guessed, the dog is this cryptocurrency's mascot.
Dogecoin started out as a joke on 6 Dec 2013, but somehow amassed a huge worldwide following.
It was created by Billy Markus, a programmer from Portland, Oregon, who hoped the fun cryptocurrency would reach a broader demographic than Bitcoin. Well, he certainly got close...
Why people love it 😘
Similar to Litecoin, Dogecoin can provide some value in terms of transacting small transactions due to its lesser value than Bitcoin. You will pay less in fees (e.g. say vs. Bitcoin) for a small value transaction, making it an appropriate choice for small transactions. Transaction confirmation time on the DOGE network is usually pretty quick.
Its low value allowed it to develop a reputation as an online tipping currency. This retains people in the DOGE community.
Dogecoin has a fun, loyal and arguably thriving community. Just pop by its reddit channel and you'll see what I mean!
Why people doubt it 🤔
Doge's Github has been rather inactive as of late.
As more and more coins (arguably with greater features and efficiencies) come to market, DOGE will find it increasingly difficult to retain its market capitalization ranking. There are too many substitutes.
It's very name could prevent big investors from taking the coin seriously.
Special announcement 📢 - 'A 10-Year Perspective: From Genesis to Today' webinar with Karthik Iyer
Join us in our second webinar as Karthik shares the history on how the crypto space came to be. From the day Satoshi Nakamoto announced the first Bitcoin client on the P2P-Foundation website, to how everything transpired and evolved to its current state. Join us as he takes us in a trip back in time in the cryptoverse!
Karthik Iyer is an ambassador for the P2P-Foundation, venture partner of Genesis Block NYC and CEO of BlockchainMonk!
The webinar will take place on 14th April 2019, 10pm Eastern Time (UTC-4) / 15th April 2019, 10am (GMT+8). But before all that good stuff, be sure to fill our the pre-webinar survey form here!
Special announcement 📢 - CoinMarketCap Mobile App Beta Launch
Calling all CoinMarketCap crew... 🤙
We are soon going to be launching our new CoinMarketCap mobile app! If you are interested in participating in our private beta launch and help us test it, simply fill out the form here! What are you waiting for! 😀
Other news 📰
CEO and founder of cryptobank Arisebank Jared Rice Sr., has pleaded guilty to a $4.2 million securities fraud from an ICO. 😠
MakerDAO token holders have again voted to increase fees by 4% on U.S. dollar-backed Ethereum stablecoin, DAI. 🗳️
Alleged BTC-e exchange operator who is accused of laundering billions of dollars, Alexander Vinnik, is officially seeking extradition to Russia. 👋
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 you up to this weekend? Share with me in the polls! 😆
What you said
"How much do you agree with this statement: "The introduction of CoinMarketCap's indices (CMC200 and CMC200EX) was a good idea"
The average vote was a 8.4.
"Why do you say so?"
The more information the better. - More tools the better! 🔨 Investors and financial advisors who watch economic indicators will be reminded daily that crypto tokenisation has firmly planted a flag on their territory. - Hell yeah!!! We're not here to take part. We're here to take over! 💪 These indices will be really useful to review, understand and analyse the performance of the markets.... please email me the links to these tools for ease of reference. Thanks 🙂 - - It's gonna be on our site reallllll soon! Do stay tuned. 👀 I love new tools to make best trade market decisions, Best way to buy -> HODL!!! - HODL 4 LYF 😀 don't know what they are ! - They are indices that measure overall market performance! Think S&P500 for the traditional U.S. market, but for the crypto market! 😊 Ask me again after it 🚀 - Be patient, young padawan. I will see you on the moon soon enough (: becouse it is a new posibility to atract more institutional found in crypto , and leverage it's good to trade whith small money - Think it definitely will help drive adoption and exposure to the crypto space. 👌🏻 Crypto is more or less the same as Stocks. So Indices is something which is expected and good to have. - A concomitant of the crypto industry. super work guys... Coinmarketcap is Gold Standard for crypto info... and these indices will bring more trust & adoption... thanks for all the hard work u guys put to coinmarketcap... - Your words bring tears to my eyes... Thank you. Our team works really really hard to be the best data authority that we can for the world. Your words really motivate us to continue putting in the work. I believe I speak for the rest of the team when I say thank you, and that we sincerely appreciate your continued support. 💓
We made it babay - Could not have done if without your support! Brings new people to crypto - Hell yeah! It's a revolutionnn ✊ I think will up or down. but will step never . It's up up up! - To the moon! 🚀
Thank you all for reading! Catch you back here again next week for your daily dose of crypto news! 💙
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