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Your daily newsletter for April 5, 2019
Thousands of candles can be lighted from a single candle, and the life of the candle will not be shortened. Happiness never decreases by being shared."
- Buddha
It's officially the first weekend of April, and it seems like Spring is finally here. Oooh, this weekend is gonna be good! 🌸

Today in history (1997), the late Steve Irwin's world renowned show, "The Crocodile Hunter", debuted. 🐊

In today's newsletter, we will be covering Coda protocol raising $15 million, Binance to launch its Singapore branch and decentralized exchange in April and Nasdaq-listed Okta's new $50 million VC fund investing in its first blockchain startupToday, we will also be covering Stellar (XLM) in our weekly deep dive! Also today in our 'Blockchain term of the day' section, we have another well put together infographic done by cryptocurrency index building and trading automation software, Panda Analytics! 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! 📚

The next target 🎯
Over the last 24 hours, total market capitalization bounced between the range of ~$167.2 billion and ~$175.5 billion. At time of writing, total market capitalization currently stands at ~$173.9 billion, no change from yesterday. Most coins are seeing either gains or losses in the ~1-4% range. 24 hour volume has dropped by about 25% to ~$62 billion. 

BTC is currently trading at ~$4,960, down ~1.5% from yesterday. On the daily chart, it is still trading above the 200-day EMA line, and is accompanied with a RSI of ~83. On the weekly chart, BTC is still trading above the 50-day EMA line, and is accompanied with a RSI of ~54. 👀

One interesting thing to note from the recent run up of BTC, is that the upswing stopped right at the 100-day EMA line on the weekly chart and bounced off of it. This is the same level that prevented BTC from dropped below ~$6,000 for the most part of 2018, before relenting in mid Nov 2018 and caused BTC to free fall to the $3,800 levels. If BTC can break through the 100-day EMA resistance zone, a strong case can be presented that we have transitioned to a bullish market. 🙏🏻

Houdini 🎭
Coda protocol, a blockchain that makes its blocks disappear, has raised a cool $15 million from investors Accomplice, Coinbase Ventures, Paradigm and General Catalyst. 💰

Coda is the first project from O(1) Labs, and claims to be a "succinct blockchain". According to its whitepaper, Coda is a “a succinct blockchain with verification complexity essentially independent of chain length.”

Coda’s testnet was set up in September and its protocol has been open sourced on GitHub. With today’s news, O(1) is now inviting users to participate in several ways, such as through running nodes or joining its app.

Planting flags 
Crypto exchange Binance has announced that its branch in Singapore will open in April, according to its CEO Changpeng Zhao. 🎉

CZ also announced the launch of Binance DEX, a decentralized crypto exchange powered by Binance’s blockchain. According to him, the exchange’s mainnet will launch later in April, and the platform will support secure decentralized software and hardware wallets. This includes Binance’s own Trust Wallet, in which a new staking feature is being developed and scheduled to launch in Q2 2019. 😲

Getting the hands wet 💦
Nasdaq-listed company Okta, which provides identity management solutions, announced a new $50 million VC fund: Okta Ventures Fund. It added that it has made its first investment in blockchain-based identity startup Trusted Key, though the investment amount was not disclosed. 💰

Okta has said it will invest in startups that are focused on building innovative solutions around its core businesses using artificial intelligence, machine learning and artificial intelligence. Other than providing investment capital, Okta plans to provide its portfolio companies with additional support, such as usage of its software and co-marketing opportunities. 

Okta was founded in 2009 and has raised a total funding of over $229 million. The firm is also backed by notable investors, including Andreessen Horowitz, Sequoia Capital, Khosla Ventures and others.

Blockchain term of the day 🤓 - Crypto wallets
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! 😀

Crypto deep dive: Basic Attention Token
  • Cryptocurrency: BAT
  • Market Capitalization Rank: 25th (~$369.6 million)
  • Consensus: Proof-of-Work (PoW)
What it's about ⚙️
  • Basic Attention Token (BAT) project is an open-source, decentralized digital advertising exchange platform built on the Ethereum protocol. 
  • The project seeks to address fraud and opaqueness in digital advertising, and correctly price user attention. 
  • The BAT ecosystem includes Brave, an open-source, privacy-centered browser designed to block trackers and malware, where advertisers use BAT to buy ad space, content creators receive ad rev in BAT and users earn ad rev in BAT by interacting with ads.
Why people love it 😘
  • Project is created by the creator of Javascript and co-founder of Mozilla Firefox, Brendan Eich. BAT also has a strong team behind it. For example, its co-founder, Brian Bondy, previously worked at Khan Academy, Mozilla and Evernote. 
  • The open-sourced and privacy-focused Brave browser has an inbuilt ad-blocker, and works on all major operating systems. 
  • BAT has a rapidly growing user base. 
Why people doubt it 🤔
  • BAT's competitors include online ad giants Facebook and Google who currently dominate the market. 
  • The success of BAT is reliant on the adoption of the Brave browser and participation in the Brave ecosystem, whether as an advertiser, content creator or user. While user base is experiencing good growth, convincing users to become customers is another issue. Most people use the Brave browser simply for its ad-blocking capabilities. 

Other news 📰
  • EU Blockchain group the International Association of Trusted Blockchain Applications (INATBA) has launched. SWIFT, IBM, Ripple (XRP) and about 100 other firms and organizations are on board. 🤗
  • The secretary of Hong Kong’s Financial Services and the Treasury has stated that illicit crypto mining operations are punishable by fine or imprisonment. 😲
  • Coinsquare, one of Canada’s top crypto exchanges, launches 1:1 Canadian dollar-backed stablecoin. 💲
Crypto calendar 📅

16 May - U.S. SEC's decision on the NYSE Arca and Bitwise Asset Management's Bitcoin ETF application
21 May - 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! 🤝

8 Apr          - The Global Hackathon (Los Angeles, U.S.)
18-19 Apr   - Blocklive.Asia (Singapore)
23-24 Apr   - 3rd International Blockchain Life 2019 Asia (Singapore)
25-26 Apr   - Trescon World Blockchain Summit Taipei (Taipei, Taiwan)
25-26 Apr   - DLT 101 Taipei (Taipei, Taiwan)
23-24 May  - Malta Blockchain Summit (Malta)
8-11 Jul      - RISE Conference 2019 (Hong Kong)
10-11 Jul    - Barcelona Trading Conference (Barcelona, Spain)

Poll of the Day
How much do you agree with this statement: "crypto is finally starting to get exciting again💭
Why or why not? What are your plans for the weekend? Share with me in the polls! 😆
What you said
"How much do you agree with this statement: "Initial Exchange Offerings (IEO) are the new Initial Coin Offerings (ICO).""

The average vote was a 7.1. 44.4% of y'all voted a '10'!

"Why do you think so?"

Broken the downtrend - There is demand/ interest in token sales again! 😊
both are same, just a different way of crowd sale. as i see IEO will be the big story this year & bring lot of new money & people to crypto. - It definitely has been picking up some steam as of late. 👌🏻
I gave a three because of the simple fact that the reference points used to base the conclusions are constantly changing leaving the simple facts open to large debate and organized thoughts based on current facts of matter. - Well, why not give a conclusion based on the current reference points? Don't have to overthink things lol. 😂
I can't say why as I m new in the crypto world but the statement is true - There certainly are many similarities. For one, the hyped IEOs sell out almost immediately. Another similarities is how there is usually a boost in price once tokens are tradable due to the pent up demand from the hot IEOs. 🤔

Thank you all for reading! Catch you back here again next week for your daily dose of crypto news! 💙
See you again on Monday!
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