“Patience and perseverance have a magical effect before which difficulties disappear and obstacles vanish."
- John Quincy Adams"
Happy Thursday fellas! The weekend is just around the corner. Finish strong! 😄
Today in history (1958), Chinese Revolutionary and Chairman of the Communist Party, Mao Zedong, started the "Great Leap Forward" movement in China. 🇨🇳
In today's newsletter, we will be covering Coinbase Commerce adding support for USDC,Binance CEO Changpeng Zhao suing VC Sequoia Capital for reputational damages andSwiss national stock exchange group SIX working on a franc-pegged stablecoin.Today, we also have a special announcement today pertaining to crypto casino, BitcoinCasino.io! So don't forget to check that out below too! 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! 📚
Staring down a cliff 👀
Over the last 24 hours, total market capitalization slipped back to ~$236.1 billion from ~$247 billion, with most coins seeing losses in the ~5-10% range.
BTC is currently trading at ~$7,600, down ~3.85% over yesterday. RSI level on the daily chart continues to drop further from ~66 to ~61, after facing rejection for the second time at the ~$8,000 level. The MACD line has also crossed over to the downside of the signal line, so we may see some downtrending in the coming days. 👀
Without borders 🤗
Coinbase Commerce, the crypto exchange’s merchants payments offering, has added support for the USD-pegged stablecoin USD Coin (USDC). 🤗
Businesses can now receive payments in USDC from customers “in minutes with zero transaction fees” and no chargebacks. According to Coinbase, merchants can now accept USDC "without geographical limitations or the need for a traditional bank account". 😄
The Coinbase Commerce platform also supports Bitcoin (BTC), Bitcoin cash (BCH), Ether (ETH) and Litecoin (LTC) payments alongside the new USDC, and comes integrated with e-commerce platform Shopify.
Pay up 💰
Crypto exchange Binance's CEO Changpeng Zhao (CZ) is suing VC Sequoia Capital for reputational damages from an injunction order. He claims that Sequoia Capital China hurt his reputation, prevented him from raising money at favorable valuations and thus wants compensation. 💰
A hearing for the case, documented as HCMP 2770/2017 in the High Court in Hong Kong, will take place on 25 June. According to CZ in the filings, the injunction prevented him from raising capital for his Series A round from other investors until 1 March 2018, potentially prevent successive rounds of investing, and damaged his reputation.
This move by CZ comes as a punch back after the December 2018 decision by the Hong Kong International Arbitration Centre which dismissed all of Sequoia Capital’s claims that Zhao had breached an exclusivity agreement when negotiating Binance’s Series A equity financing. 👊
Internal improvement ⚡
SIX, the Swiss national stock exchange group, is working on a stablecoin pegged to the Swiss franc to facilitate transactions (e.g. atomic swaps) on the SIX Digital Exchange (SDX). 💲
It is still unclear as to whether the stablecoin will be for private use within SDX (similar to that of JPMorgan Chase’s JPM Coin) or for public use.
SDX also seeks to tokenize stocks and bonds and even digital versions of other physical assets like fine art. In addition, according to its chairman Romeo Lacher, SDK is also focused on security token offerings (STOs) and might even raise some funds itself via an STO. 👍
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!
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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 📰
Mozilla has released an update for its Firefox browser which includes an option under the “Privacy & Security” tab to block crypto mining scripts on websites from running on users' browser. 🙅♂️
Adam Clark, creator of the now defunct/ hacked Cryptopia exchange, has started a new exchange product called Assetylene. 🤦♂️
The U.S. Copyright Office has come out to say that it does not recognize Craig Wright as Satoshi Nakamoto. 🤷♂️
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)
19 Aug - 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 believe that Craig Wright is the real Satoshi Nakamoto""
The average vote was a 2.5. Sorry I just had to test you guys. 🤣 What's shocking is that 9.7% of y'all actually voted a '10'. Come on guys... 🤦♂️
"Why or why not?"
Extraordinary claims require extraordinary evidence...or at least a valid signature lol. He can't prove he's Satoshi, unlike how Charlie Lee was able to prove [with valid signatures] that he was the creator of Litecoin. - Yup exactly ! Such a simple task if he were truly S.N. Man he is so cringe sometimes. 🤦♂️
🤬 - My sentiments exactly. 🙄
do we even have to say.. it is good we have got rid of this joker from the BITCOIN community.. - He is pretty entertaining though, I'll give him that. Always full of surprises (albeit most often bad ones). 😂
Ha. He just wants to irritate and be the news in the crypto universe. - Well you know what they say, "any publicity is good publicity". 🤷♂️
Nobody knows. - He most definitely isn't. If he was, he could've easily proven it by signing on the Bitcoin blockchain with S.N's signature.
The guys a nut job! - Haha agreed! 😂
If the real Satoshi Nakamoto wanted his identity to be known it would have been known to the world. In my humble opinion people should rather just say thanks for the gift of Bitcoin and blockchain and focus on how to make it better and finding ways to make it more mainstream. just a thought from a true believer and person who values privacy - True that. There should be more focus on blockchain education! 🤓
I think he is full of BS. - Entertaining chap though. He sure knows how to make headlines. 😁
Na mate, maybe a part of but not the whole package, I personally wish he’d pipe down, as I don’t feel it’s helpful to crypto. Just my opinion ☯️ - Overall, he's not doing good for the community. But I think his presence can help people
100% percent totally believe him coz us Aussies wants to believe that the greatest cryptocurrency created came from Austraya! haha bias much! sorry not sorry.. - Lmao! Who knows, it could be some other Australian! Just not C.W please. 😂
The real Satoshi doesn't need to tell everyone who he/she is. - I think its best that he stays an enigma.
It's not something that would be difficult to prove, if he really was Satoshi. He could just sign something with Satoshi's PGP signature, or move funds known to be held by Satoshi. - Well said. 👍
He knows the real satoshi nakamoto and he knows that he is dead. - Can he prove it though? 🤔
Does not make sense to me. How come only now that he’s claiming the fame? 🤣 - Never actually thought about that. Yeah, why haven't others stepped up to the plate. Hmm, perhaps for one it would be hard to prove. Also, claiming you are him still would not get you access to his wallets.
Hero's are best left mysterious. Even if Wright did write some of it he's still not the whole satoshi....right? - He most definitely is not.
Not showing the wisdom needed. - Quite a comical guy. 🤣
Yes he is..but I think the guy has lost his private keys for Bitcoin...thats why he hardly convince the public he is the Bitcoin creator...and also the reason as to why he prefered an alternative to Bitcoin which was BCH which finally split to BSV...believe me I know that guy. - He has shown to be relatively inept in the field of programming. Definitely no where near the level one would expect out of the real Satoshi Nakamoto. 🤦♂️
The logarithm, the Nodes of his personality is non matching. How do you mine BTC? It's full of codes, hashes, and lots more formula involved in order to produce certain numbers that will finaly be a Bit Coin. Get to know those Codes deeply. If you finally know the value of those codes the you will understand everything DNA without doing a lab DNA test. We're numbered Particles in the universe each with having our own character. So, to me their numbers does not have any identically matched DNA - Hmm, that's an interesting answer. 🤔 I like how you referenced the technicalities of the Bitcoin blockchain to your answer.
Because we are all Satoshi Nakamoto, not Craig Wright - Wow this should be the tagline of the crypto community. "We are Satoshi Nakamoto. Satoshi Nakamoto is us". 🤔
The man is completely deluded. If he truly was Satoshi he could easily prove it. I think he is a fraud an idiot and an embarrassment to the whole crypto community. - He sure knows how to work the media though. Pretty darn skilled at that.
Because it is a clown - 🤡🤡🤡
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙
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