“Love recognizes no barriers. It jumps hurdles, leaps fences, penetrates walls to arrive at its destination full of hope."
- Maya Angelou
Glad to have you all back, fellow CoinMarketCappers! I'm sure you're all excited to be back, as am I. 😝 After what went down last week 🤪, I'm just itching to know what the crypto space has in store for us this week. Also, happy 520! While it may appear to be just any day for you, 20 May is a day of love in China - the numbers 5. 2. 0 in Chinese, 五二零 (wǔ èr líng), sound very close to the words 我爱你 (wǒ ài nǐ). People usually respond with '1314', which by the same logic means 'forever'. 💓
Today in history (2015), David Letterman hosted the "Late Show with David Letterman" for the last time, after 33 years of running. 👏
In today's newsletter, we will be covering Facebook registering Libra Network in Geneva, Amazon being granted a patent for proof-of-work cryptographic techniquesand the Coinbase Earn program now open to users in over 100 countries.Today, we also have a special announcement today pertaining to crypto casino, BitcoinCasino.io! 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! 📚
Weekend rebound 📈
Over the weekend, total market capitalization pretty much stayed at the ~$230 billion level until Saturday night when it quickly rebounded back to the ~$245-250 billion levels of last week. Total market capitalization currently stands at ~$246.2 billion, with daily trading volume of ~$79 billion.
BTC is currently trading at ~$7,900. On Sunday, it managed to hit a weekend high of ~$8,220, but was unable to sustain its price above the $8,000 mark. RSI level on the weekly chart is currently at ~68. Also on the weekly chart, BTC continues to be trading above all major EMA lines. Given the parabolic rise up from ~$4,000 to ~$8,000, BTC needs to be able to at the very least, either see a continued uptrend or see some consolidation and sustain at these levels.
Inching closer 😊
According to a recent report by Reuters, Facebook has registered a new company, Libra Networks, in Geneva. ✍️
Facebook Global Holdings is a stockholder in Libra Networks and will, according to the Swiss register, “provide financial and technology services and develop related hardware and software”.
This move coincides with the expected roll-out of their internal cryptocurrency, a move that will define the company’s first dip into blockchain technology. Facebok also recently hired 2 of Coinbase's compliance managers. 👌
Armored up and ready to go 🛡️
Amazon has been granted a patent by the U.S. Patent and Trademark Office (USPTO), first filed in Dec 2016, for various techniques to build a proof-of-work (PoW) cryptographic system. 👍
The patent outlines how the merkle tree structure can be generated as a solution to a proof-of-work challenge, among other benefits. It delves into how PoW works, and how it can prevent denial-of-service (DoS) and distributed denial-of-service (DDoS) attacks that frequently hit computer networks.
This move by the e-commerce giant brings it a step closer into the blockchain space. Just this month, Amazon Web Services (AWS) launched its Managed Blockchain service for wider use among enterprise clients. That service also currently supports open-source framework Hyperledger Fabric, and the support for the Ethereum network is expected to be made available later this year. 👌
Get paid to learn 💰
Coinbase has recently opened its Coinbase Earn program to the public in over 100 countries. 🎉
The initiative, first introduced in 2018 as an invite-only where pilot users could earn crypto by learning about ERC-20 token 0x (ZRX), discovered that "one of the biggest barriers preventing people from exploring a new digital asset was a lack of knowledge about that asset. Many of the people we surveyed expressed a strong desire to begin learning about new and different crypto assets beyond Bitcoin, but didn’t know where to begin.”
Coinbase Earn will now allow users in select countries to, in return for taking quizzes about Stellar Lumens (XLM), Zcash (ZEC) and Basic Attention Token (BAT), earn those respective coins. 🤓
An investment strategy (mostly popularized by real estate investing) where you buy something with the goal of reselling for a profit later, usually in a short period of time. In the context of crypto, flipping refers to the strategy of investing in tokens before they are listed on exchanges, then quickly reselling them for a profit when they start trading on exchanges in the secondary market.
Calling out to all risk seekers! SoftSwiss has launched a new online cryptocurrency casino licensed out of Curaçao in South America, BitcoinCasino.io, and is now accepting players from anywhere around the globe!
Powered by an elegant and user-friendly interface, available on all devices (PC, MAC, mobile, tablet), the platform boasts an assortment of more than 3000 games, designed by the gaming industry’s 30 leading software providers such as Amatic, EGT Bgaming NetEnd, Microgaming and more.
The site accepts deposits across a wide range of fiat options and cryptocurrencies, including USD, CAD, EUR, BTC, ETH, LTC, DOGE, BCH and USDT. More importantly, you'll be able to enjoy uber fast withdrawals (5-10 min average times) and round-the-clock 24/7 online support for you to play with ease of mind!
Don’t worry, you can bet happy! Take a chance, check them out here today!
Other news 📰
Crypto exchange Bitfinex will list its new exchange token, LEO, today. 👀
SprinkleXchange, a stock exchange built on Ethereum, is reportedly listing its first company in June. 😄
According to a recent paper on cryptocurrencies by the European Central Bank (ECB), the relatively new asset class currently not a threat to financial stability in the euro zone as the combined value of crypto-assets is small relative to the financial system and its “linkages” to the financial sector are still limited. 🤔👍
Crypto calendar 📅
16 May - U.S. SEC's decision on the NYSE Arca and Bitwise Asset Management's Bitcoin ETF application (decision has been delayed)
21 May - U.S. SEC's initial decision on the VanEck, SolidX and the Cboe BZX Exchange Bitcoin ETF application
Finally,some movement! - It's been way too long! The low volatility was killing meee. 😵
this has been the most exciting week both in 2018 & 2019. i see very good time going ahead. for all the HODLers of good asset during the bear market will benefit a lot.. - Possibly the most exciting week for both those years! Congratulations to all who loaded up their bags in the bear market! 👏
great news - things are picking up! 👍
Because things are moving!! - Oh yeah baby! 😁
Because we have had a move from 4000 to 8000 thus doubling in price. - And we cleared $100 billion in daily trading volume for the first time in history! 🎉
Ready, set, let's all enjoy the bull while it lasts... - Buckle up! It's gonna wild ride. It's a large bull we're ridin. 🐂
Just like the old days - Brings a tear to my eye. 😥
bullish market - Let's hope it stays! 🤞
in terms of price action upwards very good, the current retrace to the downside was expected so no surprises, - It definitely looks healthier. I'm still cautious about the Bitfinex Tether storm that's brewing though. 👀
DAH! - Boom! 💥
the spikes were well overdue, and show promising potential of where we will be in 3 years. - It's just mind blowing to see how far we've come over the past few years, and then you think about how big the space is gonna be in a couple more and you get more mind blown. 🤣
So much going on I set up a dedicated feed just to keep up. Excitement is excellent. Also lead to more people getting into crypto. - While price is a great way to turn heads, I believe that we need more avenues for education to keep them here. 👍
The only thing missing is some outlandish message from Craig Wright and/or Roger Ver - It'll come. I actually enjoy hearing what they have to say, even though sometimes it can get a little outrageous. 🤣
The market finally moved forward! - Certainly about time! The bulls have left us out to dry for long enough! 😔
"What are your plans for the weekend?"
No stress. Accept life on life's terms. Have an Attitude of Gratitude - Always important to show gratitude. It's a choice and it makes you happy! 😁
planning to spend weekend at home.. may be we go to movie on sunday. - Hope it was a good movie and that you had a great time! Personally, I love going to the movies as its just a more immersive experience. I don't mind paying for experiences! 💸
new carpet - Ooo wish I could see it. Send me a pic! 😁
Going to my niece's wedding - Congratulations! You must be so proud. 😊
Rest - Much needed, I believe. Hope you're well rejuvenated. 👍
invest - For the future! 👌
Lambo .... - It'll come (:
Watch FA Cup final down the local cricket club with friends and families followed by bbq at same venue - It was a massacre. 🤦♂️
go gym - Gotta get them gains. 💪
Couch, Netflix, a Jolly Dr Feel Good vape and pizzza!! - A weekend of degeneracy. You need one of those every now and then. 🤣
I've got a date, will try not to diss the Euro and Dollar. And prevent myself from talking about Bitcoin. Help... - Find a girl that likes Bitcoin as much as you do, hahaha. 😊
Enjoy my gains. - Congratulations! You deserve it. 👏
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙
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