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Your daily newsletter for May 27, 2019
Energy
Energy doesn't communicate in English, French, Chinese or Swahili, but it does speak clearly."
- Elaine Seiler
Welcome back, CMC crew! Hope that everyone had a great weekend and is ready for the week. Our fellow US readers are celebrating Memorial Day today, and so they're having a public holiday. Lucky! Alright without further ado, let's get to it! 😊

Today in history (1994), world renowned TV and radio host, Larry King, ended his radio show. 🏳️

In today's newsletter, we will be covering crypto exchange Binance to launch a margin trading service, security token platform iSTOX now a part of a Singapore central bank fintech regulatory sandbox and Facebook set to roll out its own cryptocurrency by Q1 2020. Also today, we have a special announcement 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! 📚

Last minute sprint 🏃‍♀️
For the most part of the weekend, total market capitalization stayed at the ~$250 billion levels until an afternoon spike on Sunday which brought it to ~$269.5 billion, where it is still currently trading at. 24 hour volume also hit a weekly high of ~$92.7 billion. Most coins are seeing gains in the ~5-12% range over Sunday.  👀

BTC is currently trading at ~$8,720, up ~9.4%. It has broken to the upside of the $8,000 mark after its 3rd challenge this past week. On the weekly chart, its 21-day EMA line has just crossed to the upside of its 200-day EMA line, so we could see (surprisingly enough) more upside in the coming weeks. RSI level on the weekly chart is currently at ~72 and within the 'oversold' region. 

It's just remarkable how strong this bullish run turned out to be. It is a lot stronger than what a great deal of people had anticipated. 🤯

Raising the stakes 🤑
Binance has confirmed it will be launching a margin trading service, as a new service that's a part of its expansion plans. Margin trading is the act of using borrowed funds from a broker to trade an asset. 😄

In a recent tweet, Binance revealed a new dedicated tab on its trading platform titled "Margin", with a message that read "higher potential profit" but also "greater risks". 

According to TechCrunch, Binance has already launched the service in beta among “selected users.” 

Lion city 🦁
iSTOX, a Singapore Exchange-backed security token platform, is now part of a fintech regulatory sandbox set up by Singapore's de facto central bank, the Monetary Authority of Singapore (MAS). 📦

iSTOX has begun onboarding its first batch of issuers and investors to enable trading of digitized securities on its platform from Q4 of this year, and seeks to be a “fully-regulated” operational capital markets platform that can issue tokenized securities by early 2020. It is also backed by Singapore Exchange and Heliconia Capital Management, a wholly-owned subsidiary of Singapore's sovereign fund, Temasek Holdings.

iSTOX has also set up a legal panel including 3 reputable law firms (Allen & Gledhill LLP, Baker McKenzie Wong and Leow and Rajah & Tann) to advise issuers on the structure and securities issuance processes. 🧐

Word on the street 🗣️
According to a report by BBC, Facebook is set to roll out its own cryptocurrency, dubbed “GlobalCoin”, by Q1 2020 to a dozen countries and will start trials by the end of 2019. 👍

According to them, Facebook has already sought for advice from several officials of the U.S. Treasury and the Bank of England governor Mark Carney regarding regulatory issues for the initiative. 👂

The report added that, citing “2 people familiar with the matter”, that Facebook has already been in talks with both the Coinbase and Gemini exchanges to prepare third-party, regulated platforms for users of its coin to store and trade the asset. It has also been discussing market creation and liquidity with Chicago-based high-frequency trading firms, Jump and DRW. 


Blockchain term of the day 🤓 - Cipher
The name given to the algorithm that encrypts and decrypts information.

Special Announcement 📢 - BitcoinCasino.io
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 📰
  • Hacked cryptocurrency exchange Cryptopia has filed for bankruptcy protection in the U.S, which it claims was to preserve Cryptopia data stored and hosted on servers with an Arizona-based firm. 🤔
  • The Financial Industry Regulatory Authority (FINRA) has approved the public quotation of shares in Grayscale Ethereum Trust of Grayscale Investments. The trust is being touted as the “first U.S. publicly quoted security solely invested in and deriving value from the price of Ethereum (ETH)”. 👍
  • Proxima Media has raised $100 million for a token, dubbed "Proxicoin", that enables the investment in media content. Notable backers include VC firms Step Ventures and the Central Wealth Investment Fund of Hong Kong. 💰
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
TBA      - ICE's Bakkt Bitcoin Daily Futures Contract updated launch timeline

Catch the CoinMarketCap team at these community events! 🤝

8-11 Jul      - RISE Conference 2019 (Hong Kong)
10-11 Jul    - Barcelona Trading Conference (Barcelona, Spain)


Poll of the Day
How much do you agree with this statement: "I am interested in crypto margin trading." 💭
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Why or why not? Share with me in the polls! 😆
What you said
"How much do you agree with this statement: "I would like to pay some of my bills with crypto""

The average vote was a 6.8. 39.5% of y'all voted a '10'! There is definitely interest!

"Why do you say so?"

I think most people that own crypto own them as an investment thinking the may 10x or more in the next couple of years. Why would you pay your bills in crypto if that is the case, you don't want to be like that guy that bought 2 pizzas to find out a few years later his BTC was worth A LOT more. Also, if you pay your bills in crypto that is a taxable event, just making you life a lot more complicated come tax time. Plus don't think you can set up auto-payments currently with crypto and if you were to pay from an exchange you would have to pay a fee. I sent someone $15 worth of ETH and had to pay %18 on the transfer. It would be a nightmare right now to pay your bills with crypto in my opinion. - Yeah, if you believe that your crypto is going to appreciate, it would not make much sense to pay your bills with them now. Oh what you said about the auto payments are true as well, because you'd have to share your private keys. While I personally do not use auto payments as it forces me to check my monthly bills to make sure nothing is amiss, I can see how many others might find it inconvenient not to have that option. And wow, you paid an 18% fee on a $15 ETH transfer?! That's way way too high. Are you sure you did not overpay on gas? Because you can adjust the gas, and pay less in gas. All you have to do is wait a little longer to get your transaction verified. 👍

I would like to do that, but not now. I want to hold and wait for price appreciation (two years?) and then pay some bills with profits made. - I think most people are taking the same line of action as yourself, especially for their stronger holdings like BTC, ETH etc. Perhaps it would be a better idea to pay bills with those bad altcoins that aren't likely to get pulled up in the next bull run. 🤔

People are already getting their salaries/paycheques in crypto (like, for quite a while now), so to not have at least the OPTION is honestly foolish. Cheers to AT&T for having a brain! - Kudos to them for thinking about their customers! We need more businesses to take that leap of faith. It would do loads for adoption and price stability. 😄

not needed - For now (:

Price changes so much. - Yeah, this is understandable. The large price swings and high volatility definitely is a big deterrent. Hopefully, we will get to see better price stability in the coming years. 🤞

We are here for the long term and it doesn't make sense to sell tell to pay our bills. - Hodl for da gains! 💰

Not yet, still gotta HODL lol - Sit tight for the bumpy ride! 😛

sorry, i chose ten because i want more crypto, not for any pactical or responsible reason.just want more crypto.. - Should've clicked on '1' in that case! '10' is if you would like to pay for bills with crypto. 😂

would love too.. hopefully we will get more business accepting crypto for payments. - Yeah, having the option there at the very least is great. 

Yea. .am sicking tired of using my local currency..I want to use BTC for payment bills cause it is my main reserve of funds....and especially online payments for its anominity...no need for visa(privacy stealers ) - Hmm, yeah privacy is a huge deal to me as well. I don't like the idea of having my payments tracked. 😠

At this time cripto to much future value to be used as worthless fiat - I believe so as well, that crypto will be worth much more than what it's currently worth atm. 

That would be awesome; I would love to be able to pay EVERYTHING with crypto..... I really hate the banks - Lolll they be pulling all the strings. It's time for a shift in power and autonomy! ✊

I like the entire idea of cryptocurrencies and blockchain tech overall, but I'm more interested in use cases outside currency, like smart contracts. I also like trading and investing crypto as an asset class. - Yes, that is the true power of the blockchain. Smart contracts truly have the power to disrupt multiple industries, so everyone is really excited about that idea. That was what attracted me to the space in the first place! 😍

easier and less hassle than money but can appreciate until I spend. fiat dollar inflation decrases its value - If you feel that way (that crypto will appreciate), it's probably a good idea to hold it off until next time!

Possibly at some stage in the future but at least, not yet! - Me too. I'd like to make big item purchases with crypto in the future though. Imagine purchasing your first home via BTC. How cool would that be! 😎

It's an appreciating asset. I'd be over paying - I feel so as well! However, I might do my part in helping drive adoption by paying 1 or 2 bills with crypto just to show these companies that there is interest, in hopes that more will follow suit and start accepting it as a form of payment. 😊

Ease of money will change the world. - That, transparency and privacy!

That's what cryptocurrencies are for! - Hell yeah!

Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙
See you again tomorrow!
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