“The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is."
- Winston Churchill
Happy Thursday, fam! This week sure has been flying on by. The weekend is only a day away! Alright, let's see what's up in crypto world! 👀
Today in history (1986), IBM became the first computer manufacturer to use a megabit chip in a commercial product. A megabit chip is a memory chip capable of storing 1 million bits of information. 👾
In today's newsletter, we will be coveringcrypto exchange Binance to launch its fiat-to-crypto on-ramp in Singapore next week, crypto exchange Coinbase expanding its crypto-to-crypto trading services to 11 more countries andRakuten accepting account registrations for its new cryptocurrency exchange.Today, we also have a special announcement about our new CoinMarketCap mobile app!
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! 📚
Fib retest 👊
Over the last 24 hours, total market capitalization rose again from ~$176.8 billion to ~$179.8 billion, with most coins seeing gains in the ~1-5% range. 24 hour volume registered ~$43 billion, pretty much at the average level of the week. Notable movers of the day are Tezos (XTZ) and Augur (REP), both up ~14% and ~10.1% respectively. 📈
BTC is currently trading at ~$5,290, up ~1% over yesterday. Whilst experiencing further consolidation at the ~$5,000-$5,200 range, BTC is also currently back challenging the 0.618 fibonacci line (drawn from the mid Nov to mid Dec crash), a level it was rejected by just on 10 Apr. RSI level on the daily chart is currently at ~69.
According to crypto exchange Binance's CFO during Paris Blockchain Week, Wei Zhou, the exchange will launch its new fiat-to-crypto platform in Singapore next week. 😀
According to him, the new Singapore buy/ sell on-ramp will be a "very easy buy/sell platform so users in Singapore can buy and sell Bitcoin (BTC) with Singapore dollars.” For now, users will only be able to purchase BTC, but the exchange hopes to provide more crypto options in the future, adding that "for a lot of these regulated jurisdictions, it’s easy to start with things that people know and understand and you can gradually build on that.”
Crypto exchange Coinbase has expanded its crypto-to-crypto trading services to 11 more countries. 😲
Customers in Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines and New Zealand can now access its services. They are able to access services on both Coinbase.com as well as Coinbase Pro (Coinbase's professional trading platform). 😊
Coinbase now has a presence in 53 countries, spanned across 4 continents. It's crypto-to-crypto trading activity has also overtaken its fiat-to-crypto trading activity, and now represents 51% of its overall trading volume figures (caa Feb 2019).
Rising sun coming through 🤘
Japenese e-commerce and internet company Rakuten, has started accepting account registrations for its new cryptocurrency exchange, Rakuten Wallet. Currently, only customers with an account at Rakuten Bank or with an existing Rakuten member ID are allowed to sign up.
Rakuten also plans to launch a mobile app allowing users to trade cryptocurrencies, and to make deposits and withdrawals. 📱
Rakuten Wallet is licensed by the Japanese Financial Service Agency and is registered with the Kanto Local Financial Bureau as a virtual currency exchange service provider under the country’s Payment Service Act.
A trend-following technical analysis momentum indicator that shows the relationship between two price moving averages. The calculation is done by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA.
Special announcement 📢 - CoinMarketCap mobile app is now live
CMC army! The moment you've all been waiting for is finally here...
We are proud to announce that our new CoinMarketCap mobile app is now live! It is available on both iOS and Android. Well, what are you waiting for? Get it here! 😀
Other news 📰
The Winklevoss twins have settled their lawsuit against early bitcoin entrepreneur Charlie Shrem, whom they previously claimed owed them $26 million worth of the cryptocurrency. The terms of the settlement are confidential. 🤝
A new blockchain-focused venture capital fund worth $50 million, dubbed Proof of Capital, has been founded by Phil Chen (formerly at Horizons Ventures), Chris McCan (formerly at Greylock Partners) and Edith Yeung (a former adviser to venture capital firm 500 Startups). 💰
According to news source Reuters, Japan’s Financial Services Agency (FSA) will soon be introducing new rules regarding cold wallets for storing cryptocurrencies at crypto exchanges. 📝
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
What is your favorite fiat-to-crypto crypto exchange? Share with me in the polls! 😆
What you said
"How much do you agree with this statement: "The new CoinMarketCap mobile app is awesome""
The average vote was a 8.6. 54.5% of y'all even voted a '10'!
"Why or why not?"
?AWESOME only comes 1/2 way maybe to how freakin amazing this app is xoxoxooxoxoxoxxo - Woohoo! Really glad you like it. Our developers have worked tirelessly to bring it to market! Enjoy! i am use my laptop - Gotta get it on your phone bro. Trust me! 😊 I love being able to have my portfolio viewable and plain sight for me to refer to. The tools section is very helpful especially when converting BTC to fiat. Overall, the app is outstanding! - The conversion tool sure is a nifty one, isn't it? Very glad you like the app. Do play around with it! They are other cool features as well. 😉 i have download but haven't checked yet.. am sure you guys must have made something awesome.. thanks for this.. - Well are ya waiting for! Go check it out! 😄 It has room to improve but it has everything I need!!! - For sure. We will continue to work towards giving our users the perfect app experience! ✊ Could not download it on my iPhone. Message received was "Safari cannot open the page because it could not load any data! I tend to use Chrome most often, in conjunction with Outlook! - Hmm, that is strange. Perhaps, you could try restarting your phone and downloading the app through the app store! Let me know how that goes in the next poll of the day! 👍 Because I see improvement every now and then in your presentation. - Why thank you! The support my subscribers have shown to me truly inspires me to improve and hone my craft. I will continually strive to give you guys the best content possible each and every day. Correction: weekday* (I need rest too!) 🤣 The features are amazing, quick and price alerts. Easy to navigate. The section where you can watch the value of your portfolio grow will surely be my favorite. I was really wondering what cool features it will have and it surpassed my expectations. Well done!! Already sent out links to friends and family - Awww, thank you for your kind words. I will forward them over to our developers. I'm sure it's going to make their day. They really have worked so hard on this one. Also thank you for sharing it with your friends and family! We appreciate that! 🙌🏾 Finally no more crashing my Chrome on my phone 😛 - Hehehe. Enjoy! 👐
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙
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