“You never change your life until you step out of your comfort zone; change begins at the end of your comfort zone."
- Roy T. Bennett
Happy Wednesday, ladies and gents! It's midweek and I hope you're all somewhere out of your comfort zones making tons of insight gains. 🧠 If not, what are you waiting for? Put yourself out there and get what you want! 💪
Today in history (1970), Paul McCartney officially announced the split of arguably the best band of all time (think about how much they've accomplished in their 10 active years), The Beatles. 😭
In today's newsletter, we will be covering U.S. Representative Warren Davidson reintroducing the Token Taxonomy Act, Coinbase-backed startup Securitize launching a one-stop shop for token services and the NYDFS has awarding Bitstamp the 19th BitLicense.
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 normal day 🙃
Over the past 24 hours, total market capitalization bounced within a tight range of ~$178.4 billion and ~$182.8 billion, with most coins seeing either gains or losses in the ~1-5% range. Daily trading volume has tapered off significantly, as the past 24 hours registered ~$49.6 billion. This is still significantly higher than the levels we were seeing just 1-2 months ago (~$20-30 billion). 👀
BTC is currently trading at ~$5,250, up ~0.7% over yesterday. It is meeting with some resistance at the 0.618 fibonacci retracement (drawn from the mid Nov to mid Dec crash). RSI level on the daily chart stands at ~81.4, dropping slightly from the day before.
Making a bang 💥
U.S. Representative Warren Davidson recently reintroduced the Token Taxonomy Act, seeking to exempt select cryptocurrencies from federal securities laws and allowing individuals to have easier transactions with certain coins. ✍️
The act would amend both the Securities Act of 1933 and the Securities Exchange Act of 1940, granting clarity for regulators such as the U.S. Securities and Exchange Commission (SEC) on how they may enforce securities laws surrounding cryptocurrencies.
The bill was first introduced last year by Reps. Davidson and Darren Soto and if approved by Congress, would “send a powerful message” to innovators that “the U.S. is the best destination for blockchain technology.” 👐
One-stop shop 🏪
Coinbase-backed security token startup Securitize has launched a one-stop shop for token services to help companies issue and manage digital securities, incorporating services from various partners such as Coinbase Custody, from trading platforms OpenFinance and Rialto Trading, as well as from private investment group CBlock Capital. 😀
The “Securitize Ready program” aims to help clients of these partners to issue and manage security tokens on the Securitize platform within regulatory guidelines.
The startup had raised around $13 million in a Series A round last November, with participation from Coinbase Ventures, Ripple’s Xpring and OKEx’s OK Blockchain Capital, among others. 😲
Licensed and ready ✊
The New York Department of Financial Services (NYDFS) has awarded Bitstamp the 19th BitLicense, paving the way for one of the largest crypto exchanges in Europe to expand its services in the U.S.. 👍
Bitstamp first applied for the license in June 2015, when NYDFS created the state’s landmark law and the exchange was among the first set of 22 applicants for the license.
While right now the license only allows Bitstamp to offer Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Ether (ETH) and XRP (XRP) trading pairs to U.S. customers, the exchange hinted that this is not a firm limitation. 👀
In cryptography, a zero knowledge proof enables one party to provide evidence that a transaction or event happened without revealing private details of that transaction or event.
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 📰
Bitfinex has removed its $10,000 minimum balance to trade on its crypto exchange. 🤗
TrustToken has published the results of an audit of its stablecoin TrueUSD (TUSD), showing full US dollar backing. 👌🏻
The head advocate representing former users of failed exchange Mt. Gox has quit, saying Bitcoin payouts could take years. 🤦♂️
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
Why do you say so? Give an example! Share with me in the polls! 😆
What you said
"How much do you agree with this statement: "Learning about crypto is among my favorite hobbies""
The average vote was a 7.9. C'mon guys, this has to be wayyy higher!
"Why do you say so?"
This is me in a nutshell - Eat, sleep and breathe it! 🙌 Still learning now,awesome - It's a continuous process. There is always something else to learn! Never ever stop. 💪 Yes l like it - Very glad to hear that you do! I really enjoy learning new things and I think crypto can truly revolutionize the world we live in and redistribute some of the wealth that has been created over centuries. - I believe so as well. And think of the number of unbanked people in the world and how much it can help them. Or people in countries with irresponsible, corrupt governments that hyperinflate their currencies. Ahh, the possibilities are endless. 😀 I enjoy learning about new coins and the technology behined it - As you should! Learning more about the different coins sets you up to discover the next 10x coin before everyone else! 🤑 It is the future. Not an IF , just a WHEN. - Preach it, brotha! 💪 Crypto and fantasy baseball. Something new and interesting everyday. - Lmao great comparison. In both, a curveball is always thrown your way each day. Okay pardon me I just had to 😂 Its a game changer, I liken it to when the internet first came into being for the general population to use in the early 90's.... the wild wild west is always gonna be a roller coaster ride and I love roller coasters !!!! - Glad to have you on this ride w the rest of us. Buckle up! 🎢 I believe the concept is amazing and that it takes the middlemen—-banks— out of the equation . The banks are all controlling our lives and for the people to flourish this technology will restore some personal control. - Banks will always have a certain degree of control. I don't think that will ever change. However, I do feel that crypto can at the very least slow down the process and grant more power to the end user! 💪 Dude my 🧠 is like a sponge when it comes to crypto, I’m amazed and very interested to see the effects in a few years, everything in someway crypto will play a part, I can feel it, get on board fellas 🎉🤙 - Keep learning homie! Just think about how far we've come just in the past year! Look how many more fiat avenues there are, and how many more strategic partnerships formed. Heck, just a year ago companies like Facebook and JPMorgan weren't remotely in the same conversation about crypto. Now imagine where we are gonna be in 5 years. 🚀
I truly believe its going to be in our everyday future. - Me too. crypto is awesome. - Most definitely! It consumes more than 8 hours every day. Being retired helps. - I respect that. Committing yourself to a lifelong journey of learning is one of the pleasures of life. You know what they say about having an idle mind... 🙅♂️ The future is approaching us faster than we think. The endless changing of banknotes must surely be a thing of the past. - It's coming... 🤪 I just really enjoy learning new ways to invest. I am especially interested in crypto because it is new and innovative and I believe that it will shape the future in a drastic way. - I think its going to permeate through many many areas of our daily lives. 🔥 Because I believe the future is crypto - Us here at CoinMarketCap too! 🤙 Recently, I’ve been reading and reading all the information about crypto ..., and this is fascinating, I don’t understand much) - Keep on learning. You'll eventually get there. Just keep pushing yourself to learn more and more about the space. 🤓 It always interesting, there different coins that appear similar on face, but have unique qualities that make them different. The different rules that apply to each, the ways the blockchains work, dApps and such. Seeing immediate value for coin in day to day life where some you have to look a little deeper. and there new stuff daily. What i wouldn't give to be a time travelling fly on the wall when the work was first done 10 years ago - This made me think about how Satoshi Nakamoto (or Craig Wright...LOL jk) must've felt when he completed and posted the Bitcoin whitepaper. He must've been like "this thang bout to turn da world upside down". 🤔😂 Crypto is such a diverse and dynamic industry. There are always learning opportunities as the blockchain community develops. This is what makes the space so interesting. - Amen to that. It really has a great community. Funny as heck too. Just take a look at the crypto reddit channels. 😂 i love all things crypto... - Same here! 💪 coz the future of money is digital currency!!! - 🤖 Cause I like to learn new way to be financially independent - Crypto can help with this to a certain extent! 😊
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!