“Live as if you were to die tomorrow. Learn as if you were to live forever."
- Mahatma Gandhi
Day 2 of the week. Time to get into the groove of things. Let's get it! 💪
Today in history (1963), Sir Winston Churchill was bestowed upon him the first honorary U.S. citizenship. He was then the wartime prime minister of the United Kingdom. ✊
In today's newsletter, we will be covering Facebook reportedly seeking $1 billion from various venture capital firms, Western Union teaming with Coins.ph to expand Philippines remittances andSparkswap raising $3.5 million in a seed round. 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! 📚
A lil back pedal 🔙
Over the past 24 hours, markets retraced a little as we saw total market capitalization drop from ~$183.9 billion to ~$181.6 billion, breaking its 4-day upswing streak. Most coins are seeing losses in the ~4-7% range. Most notable mover of the day is Nano (NANO), up ~21.9% for the day. 📈
BTC is currently trading at ~$5,260, down ~0.4% over yesterday. BTC dipped to $5,150 in the night, before gradually recovering to ~$5,260 over the next few hours. RSI level on the daily chart has dropped form ~87.6 to ~84.5, but still remains well in the 'overbought' region. On the weekly chart, BTC continues to be challenging its 100 and 200-EMA lines. It is also challenging the 0.618 fibonacci retracement (drawn from the mid Nov to mid Dec crash). 👀
According to a tweet by New York Times (NYT) tech reporter Nathaniel Popper, Facebook is reportedly seeking $1 billion sum from various venture capital firms to develop its cryptocurrency project.
Popper added that the project is a stablecoin that would be pegged to a number of foreign currencies held in bank accounts, and that seeking outside investment could keep the project uniform with the crypto community’s decentralized ethos. 😲
In February 2019, NYT reported that the token would be used across the Facebook Messenger App, WhatsApp and Instagram, giving it exposure to some 2.7 billion users each month. 👐
Middleman business 🤝
Money transfer firm Western Union has teamed up with blockchain startup Coins.ph to expand Philippines remittances. The startup recently announced that this deal will see both international and domestic payments made through Western Union’s network arrive directly into the digital wallets held by Coins.ph’s “over 5 million” users.
Global remittances is a burgeoning industry in Phillipines, with an estimated 10 million Filipinos living outside of their home country. According to the country's central bank, Bangko Sentral ng Pilipinas (BSP), monthly personal remittances from Filipinos living abroad reached $2.7 billion last July and is growing 3% annually. 😲
Coins.ph offers financial services for Philippines residents, including those who do not have a bank account, offering a mobile wallet enabling services such as remittances, bill payments and cryptocurrency purchases. 👍
High powered DEX ⚡
The first North American exchange to fully integrate the lightning network, a San Francisco-based decentralized exchange (DEX) called Sparkswap, has launched. This DEX differentiates itself from traditional exchanges by requiring users to custody their own crypto and offers cross-chain atomic swaps between Bitcoin (BTC) and Litecoin (LTC).
Sparkswap is funded by a $3.5 million seed round led by Initialized Capital, with involvement from venture capital firms like Pantera Capital and Foundation Capital as well.
As this Sparkswap release is still in beta, Sparkswap has imposed a $2,500 daily trading limit for the first few months, with plans to raise the limit and add more trading pairs in the near future. 👍
A reward offered for finding vulnerabilities and issues in computer code. It is often offered by cryptocurrency companies like protocols, exchanges and wallets to identify potential security breaches or bugs before they are exploited by unfriendly parties.
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 📰
Coinbase Pro has added support for 3 new tokens: EOS (EOS), Augur (REP) and Maker (MKR). 🤗
Canadian crypto exchange QuadrigaCX will officially transition into bankruptcy, with millions still missing. 😲
Opera has officially launched the desktop version of its new browser, Reborn 3, with a built-in Ethereum wallet. 😊
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
"How much do you agree with this statement: "EOS is better than ETH""
The average vote was a 3.7. Gahahaha! Looks like we've got a stronger ETH following among us. 😂
"Why or why not?"
What... please, talk to the 🖐 - Lmao! This cracked me up. 😂 They both have their advantages and disadvantages. Taken on balance, in their current state, I see them as level. - It's hard for me to see how EOS does not grow towards a centralized governance system. Personally, I feel that the DPOS system will result in the formation of cartels who will dominate the governance system. 🤔 Better returns - Shouldn't focus on the price! Should ask why is one fundamentally stronger than the other. 💭 Because it is more centralized (that is the build (and, when Ethereum eventually adopts POS, voting)), less adopted by incumbent technology firms, not currently under review for standards (as is the case with the EEA), while it too knows more spammy transactions. - True. There is no doubt that there is a larger ecosystem supporting/ surrounding Ethereum than EOS at the moment. 💪 NOT - A big NO 🙅♂️ Fast, cheap, scaleable - At what cost though? (: EOS is a money grabber with centralized governance - That year-long ICO though... 🤑
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙
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