“I think that the good and the great are only separated by the willingness to sacrifice."
- Kareem Abdul-Jabbar
Day 4 of the week. It's a beautiful Thursday where I'm at. No points for guessing where that is. 😉 I wish you all a great day ahead!
Today in history (1976), the Apple Computer 1, also known as the Apple I, or Apple-1 was released. The desktop computer was was designed and hand-built by Steve Wozniak.
In today's newsletter, we will be covering Coinbase launching a Visa debit card for EU and UK customers, the NYDFS rejecting crypto exchange Bittrex’s application for a BitLicense andthe Mauritius FSC issuing regulatory guidance on Security Token Offerings (STO).
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! 📚
Over the past 24 hours, total market capitalization dropped from ~$182.8 billion to ~$176.6 billion, with most coins seeing losses in the ~2-8% range. Daily trading volume registered a ~$57.5 billion. 👁️
Following the rejection at the 0.618 fibonacci retracement (drawn from the mid Nov to mid Dec crash), BTC is currently trading at ~5,200, down ~1.1% over yesterday. RSI level on the daily chart has dropped from ~82.6 to ~74.2, but still remains in the 'oversold' region. On the daily chart, the MACD line seems to be close to crossing to the downside of the signal line as well.
Driving adoption 👐
Crypto exchange Coinbase has launched a Visa debit card for EU and UK customers. 💳
According to the exchange, customers will be able to spend their Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and other cryptocurrencies “as effortlessly as the money in their bank, as the "Coinbase" card will “instantly” convert cryptocurrency to fiat currency when a transaction is made. Previously, customers for similar products of this type had to pre-load a specified amount of cryptocurrency onto the card in order to spend.
The exchange has also launched an app for the card on both Android and iOS platforms, enabling customers to select which cryptocurrency wallet to use. The app also offers “instant” receipts, transaction summaries and spending categories. 😲
The New York Department of Financial Services (NYDFS) has rejected Seattle-based crypto exchange Bittrex’s application for a BitLicense. The NY regulator explains that a number of factors contributed to the rejection, such as Bittrex’s anti-money laundering procedures, Office of Foreign Assets Control compliance and its coin listing process. 🙅♂️
Bittrex has released a statement, disputing the regulator’s findings and said it has already begun addressing many of these concerns. Compliance chief John Roth argued that many of the samples for the NYDFS findings were in 2017, and that the issues such as the OFAC screening process and compliance procedures had been rectified since then.
Bittrex has 14 days to confirm to NYDFS that the exchange has ceased conducting business in New York and create a plan to wind down any existing business with state residents. The exchange will have 60 days in total to transfer any assets it custodies for New York residents and transfer any positions or transactions. 😲
The Mauritius Financial Services Commission (FSC) has issued regulatory guidance on Security Token Offerings (STO), saying that security tokens are classed as securities as defined in the country’s Securities Act 2005, but in digital form. 📝
According to the guidance, issuers raising funds through STOs are therefore required to get prior approval from the FSC. However, prior approval is not required if the issue is targeting “sophisticated” or “expert” investors and funds, or professional investment schemes. 🤑
This guidances marks the second batch of notes issued by the FSC for fintech firms. In September 2018. it published its first guidance that recognized digital assets as an asset-class for “sophisticated and expert” investors.
A political philosophy and school of thought that believes in removing centralized states in favor of self-ownership, private property and free markets. Many of the early adopters of Bitcoin were proponents of anarcho-capitalism, believing it would give power and control back to the masses.
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 📰
The world’s most subscribed YouTuber PewDiePie has joined blockchain-based live streaming platform DLive. 🙌
Bain Capital Ventures and Ripple’s Xpring invest in Compound Finance founder’s new scout fund project “Robot Ventures”. 💰
According to a market quarterly report by ICObench, Q1 of 2019 saw fewer initial coin offerings (ICOs) compared to Q4 of 2018. 💸
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: "I am often placing myself outside my comfort zones and challenging myself""
The average vote was a 6.7. C'mon guys, you can do better!
"Why do you say so? Give an example!"
My comfort zone has expanded quite a bit over the years. Now I pretty much poke around the edges with my poking stick. - That's awesome. Keep moving forward! 💪 I take small steps over-analyzing things before taking action or steeping out of my comfort zone. - Yeah gotta prevent paralysis from over analysis. 🙅♂️ In my case, the sun has been shining, I’ve been making hay, this is new to me so I’ve been grinding, I take time when I have. But I have not been challenging myself, time to add more to the plate - Never a bad idea. Soon the effort put in will normalize, and you'll be able to add more on your plate and push newer boundaries! 😀 normally take cautious approach.. but once i am convinced i do challenge my self. i did a startup few years back, most guys around me were negative, but i was convinced & went ahead, did it with lot of financial constraint, it took time, but made it. - Good on you! It's best to cancel out the noise and work on what you think is best for yourself. 🤙 Older guy trying to understand & keep up with the ever changing CRYPTO sector! - Us younger guys too! This rapidly changing landscape forces everyone to stay current or lose out. 😊 I am always looking for better ways to do things and in the process seem to bend the people in their comfort zone the wrong way. I have always been that way constantly looking for new ideas for change. It is a lonely place but I like it that way. As with crypto currency people don't under stand and tend to stay clear but in the end they see my idea was not so far fetched and like the end results. I am always stepping out of the norm. - You like to go against the grain, I like that. With regard to rubbing people the wrong way, perhaps it's better not to impose your beliefs onto others. While it may be for their own good, not many people can take that, unfortunately. 🤷♂️ At the young age of 77, I became a certified Life Coach and am currently helping others in achieving goals that they thought were impossible for them. They are moving mountains! - Wow mad respect! Congratulations. I would love to be your student! 😊 I'm far too curious about way too many things to stay in a comfort zone for long. My philosophy is that comfort zones and ignorance is a luxury nobody should be able to afford. Plus the world gets very boring if you don't find new ways to challenge yourself - That is a great philosophy to abide by. Imma write that down somewhere! ✍️ Ik challenge myself constantly - Good on you! Keep pushing! 😄
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙
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