Strategize and plan

Your daily newsletter for March 28, 2019
Blueprint
“A goal without a plan is just a wish.
- Antoine de Saint-Exupery
Day 4 of the week! How are y'all folks feeling today? I reckon really good on this fine day! Alright, enough small talk let's get down to business! 😂

Today in history (2017), U.S. President Donald Trump signed the Energy Independence executive order to reverse some of broad set of climate and clean energy initiatives developed by the Obama administration. 🤷

In today's newsletter, we will be covering the New York Department of Financial Services (NYDFS) awarding another BitLicense, the U.S. branch of Huobi Global introducing a new team to push institutional products and services and Arrington XRP Capital merging with ByteSize Capital. 

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! 📚

Try and try again 💪
Over the last 24 hours, total market capitalization rose gradually from ~$141.2 billion to ~$142.8 billion, with most coins seeing gains in the ~1-3% range. 24 hour volume registered ~$36 billion for the day. It's great to see volume levels staying consistently in a healthier range than just 3 months ago when it would average ~$15 billion. 😀

BTC is currently up ~1%, and is trading at ~$4,080. It is currently contesting the 100-day EMA line on the daily chart, a level it failed to break through numerous times since the start of this year. BTC is also currently contesting the 50-day EMA line on the weekly chart, a level it has been trying to break through from since mid Nov 2018. Hopefully this time... 🙏🏻


The go ahead 👍
The New York Department of Financial Services (NYDFS) has awarded another BitLicense, this time to crypto brokerage startup Tagomi Trading LLC. This is the 18th such license issued by the NYDFS. 😲

Additionally, Tagomi was granted a traditional state money transmission license. 👌🏻

According to Tagomi's CEO, Greg Tusar, the approval means Tagomi will be “New York’s first agency brokerage for virtual currencies” and will be able to on clients' behalf place trades in Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC). 

A-team 🌟
The U.S. branch of the Huobi Global, Hbus, has introduced a new team to push out institutional products and services. The team will be headed by Katelyn Mew, a individual who has previous experience at BlackRock, and Oren Blonstein, Huobi's vice president of technology. 💪

Hbus is currently working on several potential services, including token lending and over-the-counter trading, designed for institutional clients as they "see a lot of the growth coming from" that area.

Merged cell 👬
Digital asset management firm Arrington XRP Capital has merged with crypto private fund ByteSize Capital. 🤝

The merger will see Arrington XRP Capital acquiring ByteSize’s proprietary investing suite for navigating crypto markets, data gathering and quantitative backtesting, and integrating it into their existing investment framework.

According to CoinDesk, the merger was made possible because a limited partner of Arrington XRP Capital injected $30 million into the firm. 

Blockchain term of the day 🤓 - Bitcoin Improvement Proposal (BIP)
A technical design document providing information to the Bitcoin community, describing new proposed features, processes or environments affecting the Bitcoin protocol. Suggested changes to the protocol are submitted as a BIP. The BIP author is responsible for soliciting feedback and consensus for his or her suggested improvements within the community, and documenting dissenting opinions.

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 📰
  • Cryptocurrency exchange Kraken has introduced 2 new initiatives aimed at enhancing security. They are 2FA account authentication and the formation of Kraken Security Labs. 🛡️
  • During a Technology Advisory Committee meeting, HSBC senior vice president Jesse Drennan urged the U.S. Commodity Futures Trading Commission (CFTC) to make more “positive noise” about distributed ledger technology (DLT) to encourage adoption. 🗣️
  • ConsenSys-backed Trustology has launched an iPhone-controlled crypto vault that it claims is secure enough for financial institutions. 😲
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! 🤝

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 unsure about the topic of crypto taxes"   💭
1
2
3
4
5
6
7
8
9
10
Why do you say so? Share with me in the polls! 😆
What you said
"How much do you agree with this statement: "I have been consistently buying crypto throughout this bear market""

The average vote was a 7.6.

"Why or why not?"

I have enough of a headache with my tax return already, without adding more complexity to it 🙁 - Yeah crypto taxes are definitely not fun. It should not keep you from participating though! You'd be leaving money on the table otherwise. 💸
I started investing during the bear market. I still believe I’m buying on the cheap and things will get better. Not sure I would feel the same if I had started one year ago. I’m lucky. - I believe you're doing the right thing. Gotta let the plays come to you instead of chasing them! 👍
There are real world coin use cases that are exciting and enticing to hodle. - HODL gang! 🙌
Rule No 1. Smart investors make the most of money in bad markets... That principle helped me much though I hold for couple of days but I profit decently to cover up my expense...... Especially buying any new coins listed on binance. But this works well especially when you know what your doing right? You don't need to answer that friends.. Lol - I think so too! Smart investors let the plays come to them and cash in on others' hopes. 😋
I agree with gusto! Fantastic buying opportunity. If it goes down some more, I'll buy more! - Snipe down those downswing prices! 🧐
Well buy low! Even a noob like me can understand that! 😆 - Easier said than done! 😂
I am a true believer of BTC - Are you a Bitcoin maximalist? 
If o had more disposable income, I would buy more. - There are always ways to increase your disposable income! One way would simply be to tighten expenses! ✊
could not predict bottom - You could average in your buy in price though! 💲
I've just started buying, but I will continue to buy now. It is very exciting, and I am so excited for the future. - Oooo good strategy! Fortune favors the bold. 💰
BEST TIME TO BUY NO FOMO - Get in before the fomo kicks in.
It is challenging
because cheap - Buy da dip!
I don't think its wise, never by more than you have! - Of course, diversification is important too. 
Market strategy, but when everyone else Is selling. - Yes, if you believe in the long term potential. 👍
I having Bitcoin when ever my savings permit. today the amount may be little, but i am sure it will give me goods returns. - We are all hoping along with you!
😁 - You sneaky bugger, you (:
because i know the market will recover and when it does, I'll have a nice portfolio. - You'll deserve it!
I’m not very well off, however I have being reading and learning as much I can about crypto and, from what I gather it is the future and a well worth investment so buying in this bearish time is smart. A little bit at a time and spread comfortable so I don’t take a beating if one or two go to crap. OnE loVe crypto fam 🤗 - That is good news! Keep learning as much as you can about the space. It really doesn't hurt to do so. In fact, it'll actually benefit you a great deal to have a deeper understanding about the space. Very awesome to hear this! 😬
Once you get into crypto it's impossible to forget about it - Agreed. 
I feel we will go back up. This is a period of accumulation. The industry has made so many advancements in this near marker. The space is more secure and way healthier than in 2017 or 18. - Give it just a couple more years (:
You buy a product or service when on sale. Simple ! - We r bargain hunters! 😀
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙
See you again tomorrow!
😍 our newsletter? Share with a friend!
😡 our newsletter? Spam your enemy!

Start planning today!
Be friends with CoinMarketCap!
LikeTwitterForward
[[internal_footer]]