Happy Tuesday, folks! I know, the dread of the first half of the week can be a real pain, but it's already the final week of March so let's finish strong! 💪
Today in history (1976), Queen Elizabeth II of the U.K. sent out the first royal email from the Royal Signals and Radar Establishment (RSRE) in Malvern. It was part of a demonstration of networking technology. Hopefully, we will soon see the first royal message sent over a blockchain! 🙏🏻
In today's newsletter, we will be covering crypto exchange OKEx planning to launch a decentralized exchange, B3i raising $16 million andventure capital investor Tim Draper meeting with Argentina’s president.Also, in our 'Tutorial Tuesday' section, we have another well put together educational video by crypto educational content provider, Goodbit! 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! 📚
Monday woes 😔
Over the last 24 hours, total market capitalization dipped from ~$141 billion to ~$137.5 billion, with most coins seeing losses in the ~2-5% range. 📉
Similarly, BTC dipped ~1.75% for the day and is now trading below the $4,000 mark at ~$3,960. It is now trading below its 21-day EMA line on the daily chart, with a RSI of ~49 (dropping from yesterday's ~55). On the weekly chart, BTC once again got rejected and thwarted at the 50-day EMA line, a line it has gotten rejected by several times since Nov 2018. 😔
Crypto exchange OKEx has announced that it plans to launch a decentralized exchange (DEX), OKDex, on its own blockchain, OKChain. 🗣️
According to them, OKChain is currently at the “final” development stage and is expected to launch a test network in June. The native token, OKB, will first be a ERC20 standard token on the Ethereum blockchain and will then get migrated over to the native OKChain once the new network is “stable.”
OKB will be used to settle transaction fees, or used in the decentralized apps developed on the OKChain network. 👍
Top up 💰
A blockchain startup owned by several of the world's largest insurance companies (Aegon, Allianz and Munich Re, Swiss Re, Tokio Marine, XL Catlin and Zurich), B3i, has raised $16 million to bring its total capital to over $22 million. 💰
According to corporate registry filings of the Swiss Commercial Register, the healthy injection came mostly in the form of cash (8.27 million Swiss francs, or roughly $8.34 million), with the rest coming as converted debt.
B3i has also added new executives to its board, such as the managing director at Swiss Re, Theo Bachmann, and CFO at Spanish insurance company MAPFRE RE, Daniel Quermia. 🤝
According to CointelegraphEspañol, famed venture capital investor Tim Draper has met with Argentina’s president Mauricio Macri to discuss the economic prospects of the Latin American country, and has advised him to legalize Bitcoin (BTC) in order to improve the country's economic situation. 👍
During the meeting, Draper discussed thepotential of emerging technologies such as blockchain and crypto for improving problems in the Argentinian economy, such as the devaluation of the Argentine peso (ARS) and brain drain.
According to Cointelegraph Español, Draper said "I proposed a bet: if the peso would be valued more than Bitcoin, I would double my investment that I was making for the country. But if Bitcoin gained a higher rate than the peso, they would have to declare it as a national currency. That would be a perfect decision, as there's a lack of confidence in this coin.” 😀
A form of market manipulation in which investors create artificial activity in the marketplace by simultaneously selling and buying the same cryptocurrencies.
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! 😀
In this week's Tutorial Tuesday, our friends over at Goodbit has created an educational video on 'Blockchain 101'! Class is in session. Check it out here!
Other news 📰
Mining giant Bitmain’s application to IPO in the Hong Kong market has officially expired. ⌛
During a recent keynote speech at the RadicalxChange conference in Detroit, Michigan, Ethereum (ETH) founder Vitalik Buterin talked about how the crypto community should move away from the individualism associated with its early cypherpunk days. 👋
Institutional digital assets platform trueDigital has signed 2 new deals to expand the reach of its OTC reference rates for Bitcoin (BTC) and Ethereum (ETH). 👍
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 like to invest in Binance launchpad projects""
The average vote was a 5.6.
"Why do you say so?"
Not something I've explored. - You should! 😀 I'm a starter and try to get the upmost information. - Read as much as you can. Reddit is a good place to stay somewhat current too! 👌🏻 Innovators - IEOs def seem to be trending. 👀 Nice platform - Can't deny this. 😂 Consider the IEO more secure. - True. So far they all seem excellent - I agree. Definitely more sound projects. A good place to see what's new, but I don't usually invest. - It's really hard to contribute though, so you might not be able to contribute even if you wanted to. So this creates some pent up demand which spills over once tokens become tradable. 😬 if project interests me i will.. - Or if it's gonna make money (:
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙
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