“I do not think that there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature."
— John D. Rockefeller
It's thankful Thursday, for the weekend is only a day away! Hang it there, CMC. Your much needed weekend of respite is just around the corner. 😌
Today in history (1925), Paul von Hindenburg was elected the President of Germany. He commanded the Imperial German Army during the second half of World War I. He was also the one who appointed Adolf Hitler as Chancellor. 😲
In today's newsletter, we will be coveringSamsung investing ~$2.9 million into Ledger, decentralized open-sourced browser Brave launching Brave Ads andCoinstar expanding its Bitcoin-buying service from 70 kiosks to 2,100 kiosks.
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 last 24 hours, total market capitalization dropped from ~$183 billion to ~$176.5 billion, with most coins seeing losses in the ~2-7% range. 24-hour volume registered ~$55 billion.
BTC is currently trading at ~$5,450, down ~3% over yesterday. Seems like exhaustion brought about this correction. RSI level on the daily chart dropped to ~68. Albeit still high, there are signs of growing bearish momentum. There continues to remain more shorts than longs at the moment.
South Korean technology conglomerate Samsung has invested ~$2.9 million into crypto hardware startup, Ledger, giving it a valuation of ~$290 million. 💰 This news comes shortly after Ledger promoted Pascal Gauthier to become its CEO.
Previous funding rounds of Ledger include a following a $7 million Series A fund raise in 2017 and a $75 million Series B in 2018. It is unclear whether Samsung’s investment is part of a larger funding round. 🤔
Ledger’s previous CEO and co-founder, Éric Larchevêque, confirmed the investment but declined to comment further. He even took it to Twitter to say that "we will always need hardware wallets, but to accompany a revolution crypto based on a personal sovereignty accessible to all, the smartphone will actually play a central role. (translated from French)” 😊
Giving what is actually wanted 😊
According to an official company announcement, decentralized open-sourced browser Brave has launched Brave Ads, a browser functionality option that allows users to earn rewards for watching ads. 🤑
Users of Brave can now receive 70% of the ad revenue share as a reward for their attention in the form of the browser’s native cryptocurrency, Basic Attention Tokens (BAT). According to Brave, through Brave Ads it will be ensured that brands are connecting with people who are actually interested in the adverts, thereby reducing unnecessary costs and privacy, security and fraud risks.
Brave also claims that Brave Ads is "a digital ad platform that is the first to protect users’ data rights and to reward them for their attention", and that it will "improve the economics and conversion of the online advertising industry, so that publishers and advertisers can thrive without the intermediaries that collect huge fees and that contribute to web-wide surveillance.” 💪
A bountiful collaboration 🤝
Through a partnership with blockchain startup Coinme, Supermarket kiosk chain Coinstar has expanded its Bitcoin-buying service from 70 kiosks to 2,100 kiosks across 19 different states in the U.S.. 😲
The partnership only initially enabled kiosks in Albertsons and Safeway stores, but customers can now access the buying option in Jewel, Shaw’s and Save Mart locations.
The partnership has seen a 15% week-over-week growth in user acquisition since initial launch. Q1 2019 also “has been one of the most successful in Coinme’s five-year history,” with 92% growth in transaction volume and 109% growth in the number of transactions processed, compared to the first quarter of 2018. According to Coinstar CEO, Jim Gaherity, it is "incredibly pleased with this collaboration with Coinme and are eager to continue expanding to new markets in the coming months. 🤝
An incentive for a miner who successfully calculates a valid hash in a block during mining. By contributing to the security and liveness of the chain, the miner is rewarded with this incentive, ensuring that miners continue to act in the best interest of the blockchain by legitimately taking part in the process (instead of hacking it).
Other news 📰
Mike McMahon, CTO at crypto merchant bank Galaxy Digital founded by former hedge fund manager Michael Novogratz, has left the firm. 👋
TrustToken has just launched a new stablecoin backed 1:1 by the Australian dollar, TrueAUD. 💲
Binance has launched its new Binance Singapore crypto exchange. Users can now purchase Bitcoin (BTC) using Singapore dollars (SGD). 👍
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 or why not? To those who are currently using it, share with us in the polls your experience! 😆
What you said
"How much do you agree with this statement: "I am keen on trying out the Binance Decentralized Exchange.""
The average vote was a 6.5.
"Why or why not?"
Can't wait to have a look - Anything Binance comes with a certain level of quality. 😄 I hope good - It is! 😊 Definitely interested,I love the thought of direct to wallet, and I’m sure there is many different reasons it will be useful - This is how things will be in the future! Middlemen are gonna get pushed out slowly. 🤔 Binance is the industry giant. It won't do no harm to be in the mix! - They've only released cool products thus far. So why not yea! 😄 It's decentralized!!! - More power to us! 😬 i would love to.. it a great step from Binance.. - I think it's a great step for the entire community! 👍 I don’t want to be the guinea pig for anything new. - Risk averse I see!
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙
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