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Can’t live without em

Your daily newsletter for June 28, 2019
"Peace is the beauty of life. It is sunshine. It is the smile of a child, the love of a mother, the joy of a father, the togetherness of a family. It is the advancement of man, the victory of a just cause, the triumph of truth."
- Menachem Begin
Whopeee! Enjoy your hard earned weekend, CMC family! Before you check out though, do remember to read today's newsletter. 😂

Today in history (1919), the Treaty of Versailles, the agreement that ended WWI,  established the League of Nations and royally messed up Germany 💸, was signed in France. ✍️

In today's newsletter, we will be covering Apex Clearing and its crypto investment subsidiary Apex Crypto launching a new trading platform to more effectively execute crypto trades, Polkadot's successful private sale and $1.2 billion valuation and European Union banks possibly implementing a real-time payments system by 2020. Today, we will also be covering OmiseGO (OMG) in our weekly deep dive! Also today in our 'Blockchain term of the day' section, we have another well put together infographic done by cryptocurrency index building and trading automation software, Panda Analytics! 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! 📚

Relatively quiet 💤
Over the last 24 hours, total market capitalization bounced within a range of ~$303.5 billion and ~$337 billion. Total market capitalization currently stands at ~$336.5 billion, with most coins either seeing gains or losses in the ~1-3% range. 

BTC is currently trading at ~$11,850, down a slight ~0.95% over yesterday after also bouncing within a small price range. BTC dominance continues to rise and currently sits at ~62.8%. BTC is finally trading within its Bollinger Band after 10 days trading near the upper limit (+2 SD above its SMA). It sure has been quite a week! 🤯

Open the floodgates 👐 
American financial clearing house Apex Clearing and its crypto investment subsidiary Apex Crypto has launched a new trading platform for both broker-dealers and financial advisors to assist their clients in executing crypto trades more effectively. 🎯

Apex Clearing is an SEC-registered and FINRA member digital wealth management firm that was founded in 2012 and is owned by American financial services company, PEAK6 Investments LLC. Currently, ~5 million of Apex Clearing's clients can access the Apex Crypto platform, which supports trading of Bitcoin (BTC), Bitcoin cash (BCH), Ethereum (ETH), and Litecoin (LTC). 💪

Apex Clearing seeks to “fundamentally change” the way investors and enterprises think about their finances, and believes that their "integration with Apex Crypto helps financial firms give their clients a streamlined way to invest in a wider variety of asset classes in a way that feels part of – not separate from – the rest of their investment portfolio." 😀

A success 💰
The Web3 Foundation recently held a private sale to fund the development of Polkadot, the blockchain interoperability project started by Ethereum (ETH) co-founder Gavin Wood. 500,000 DOT tokens, representing 5% of the total supply, were sold at the targeted valuation for the project of $1.2 billion.💰

According to the Swiss nonprofit, they was spillover demand and investors wanted more than what was sold. However, the foundation did not disclose the sale’s proceeds, and it is still unclear as to whether the amount raised was the full $60 million it sought. 🙏🏻

According to Wood, he is happy with the outcome and is “struck by how much interest there is in Polkadot". He "looks forward to seeing the W3F team put these resources to good use, supporting both Polkadot and the broader Web 3.0 ecosystem.”

The foundation expects to launch the network by the end of 2019. 🗓️

Don't blink 👀
According to a recent report by Reuters, European Union banks could have an instantaneous payments system in place by 2020. 

Reuters claims that real-time payments have been possible in the eurozone since 2017, but only about half of the banks in the bloc adhered to the initiative. With Facebook's Libra coin seeking to gain a market share in this space, adoption for real-time payments may accelerate. 

According to the director general of the European Payments Council (EPC) Etienne Goosse, project competition from technology firms are here to stay and banks need to evolve faster, regardless of the success of Libra. He pointed out that major tech firms have a significant advantage over "the fragmented banking system" because they "come with a global solution, under a global brand offering many things that the consumers seem to find wonderful" and "so we [the banks] have no time.”

Blockchain term of the day 🤓 -Double-spending
Crypto deep dive: OmiseGO
  • Cryptocurrency: OMG
  • Market Capitalization Rank: 33rd (~$344 million)
  • Consensus: Proof of Stake (PoS)
The gist of it ⚙️
  • OmiseGO is building a decentralized exchange, liquidity provider mechanism, clearinghouse messaging network, and asset-backed blockchain gateway.
  • It seeks to act as a P2P, decentralized exchange blockchain that ports into other blockchains to allow for interoperable trading.
Why people love it 😘
  • OMG is being developed by its parent company, Omise. Omise is an experienced payment processor with a strong South-East Asia presence and is already equipped with a large customer base.
  • OMG is supported by some prominent figures in the blockchain space like Vitalik Buterin (founder of Ethereum), Joseph Poon (founder of Lightning Network), Gavin Wood (co-founder of Ethereum) and Roger Ver. 
  • Omisego recently released the highly anticipated blockchain scaling solution known as 'Plasma', which is also the brainchild of Vitalik Buterin and Joseph Poon. 
Why people doubt it 🤔
  • Omisego's success is heavily dependent on its technology, which remains highly speculative at this point. It needs to scale well in order for its business model to become profitable.
  • Omisego's vision is one that is grand. It plans to challenge and overthrow financial institutions ("Unbank the Banked with Ethereum") . It goes without saying that they will meet with a great deal of resistance. 
  • Tying in to the previous point, Omisego will likely face more intense regulation as it continues to grow.

Other news 📰
  • In a recent interview with CNBC, Galaxy Digital founder and crypto enthusiast Mike Novogratz predicted that Bitcoin’s (BTC) price will stabilize between $10,000 and $14,000. 🤔
  • In a move intended to give ASIC manufacturers a return on investment on the chips they have already built, the privacy-oriented coin Grin (GRIN) held a developers’ meeting where they agreed to hold off on making changes to planned proof-of-work updates for the foreseeable future. 👍
  • ShapeShift CEO Erik Voorhees recently commented at the Bitcoin2019 event that the not-yet existent Libra cryptocurrency by Facebook could have a space on the ShapeShift platform. He also said that the coin could be a gateway for Bitcoin (BTC) adoption. 🤔
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! 🤝

2-3 Jul        - Asia Blockchain Summit (Taipei, Taiwan)
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: "This week has been my most exciting week in crypto thus far." 💭 
Why or why not? What are your plans for the weekend? Share with me in the polls! 😆
What you said
"How much do you agree with this statement: "I am afraid to enter the crypto market right now.""

The average vote was a 3.2

"Why or why not?"

That should have been a one. I invest $400 every week. There is always a good buy somewhere if you do your research. - True. There is always value somewhere. 👀

for newcomer into crypto investing in Bitcoin is always a good time, no matter what ever the price. if one holds the return will be very good. for the rest of assets if you are able to pick the good ones, alts price are low now.. but if u go wrong it will erode your capital very fast & most will be unrecoverable. - Yeah, I don't think that many alt coins will make it out of this next bull run too. A ton will get left behind. 😔

Get in and "go to moon". if yo just watch you will be sorry. - Get in the game asap. 👍

It make me rich - $$$ 💰

Anytime is a good time - Time in the market beats timing the market? 😬

Price today is extremely low to were there going - Relatively, yes. I believe that too. 👍

Not afraid because I don’t invest more than I can afford to lose & I’ve written down my secret seeds & keys. - Yeah as long as you're not over-extended you should be fine. 

Not at all! I've been in this market since 2013 and this is nothing new. The technicals and adoption have never been better. You really think ICE and Fidelity would go all in on a dying industry? We are still in the dial up, AOL phase. - True. Them entering the space to provide custodial solutions show that they see some potential in the space. They're not gonna just spew resources for a small meal. 🤔

I am getting the investments as a gift. Great opportunity to try it out? - Definitely. That's how some of my friends got started too. 😊

You buy when everybody else is selling! I got that from Rodney Dangerfield. - Never follow the herd mentality. 🛑

if you know your stuff or have expert guidance then anytime is a good time... if you don't know your stuff or don't have expert guidance then no time is a good time - Lol good point. 

Now or never! - Instill some FOMO hahaha. 😂

This looks like the roller coaster... Today (June 27) Cryptoworld is losing the rise of a few days ago ... I do not know, but I think I will accumulate some ETH and XLM until the end of the year ... I think they are two assets can take off in 2020, much more than BTC ... - I share the same sentiments with you regarding ETH. Not too sure about XLM though... 🤔

Because I am already an investor how can I be afraid - Afraid to pump more in, perhaps?

I see this as an opportunity to buy while the prices are low. - Low in the big picture, yeah? Seems pretty extended in the short run. 📈

The better information you get, the best placement you can do...it's all about getting informed. - So true. It's all about information asymmetry. Think about it, the guys at the top know what's gonna happen and when it's gonna happen. They create the waves, and the rest are mere shrimp who simply tag along for the ride. 😂

Due diligence pays, and from both past and present performances, especially Alts., it's quite understandable. - Agree. The last alt season made some people millionaires overnight. 🤑

I see the trends of blockchain and bitcoin continuing while fiat or government currencies are going to fail in drastic fashion. BTC to the rescue? - Possibly. The current fiat system is not sustainable imo. 

The excitement is part of the ride. The dropoff is gut wrenching but the climb has been too. I only wish I could invest more. - Well, I would say be happy you're already in the game. Don't let the FOMO get to ya. You may profit now, but not being able to curb your emotional tendencies may hurt you in the future. 😊

It’s the best time to get in now at the beginning of the bull run after the long winter crypto period. - So exciting. 

I'm already in it. New bull market is just getting started. - Pack your bags. We're moon-bound. 🚀

Not at all. Just have a quick exit strategy with your trades already in place. Some exchanges won't let you in to place orders in a very fast market. (B)itcoin (T)o (C)onquer (rectangles)... - True. I've heard of cases where some exchanges lock trading during strong bullish/ bearish periods. Sketchy af. 

the movement is insane, most alts are down. took a gamble or two on BTC this morning, but i was truly gambling, right now it must just sit tight and wait for price stability. - Hope you didn't get in just before the correction! I'm always weary in periods of mass ecstasy. 🤨

I don’t know I’m wired funny, is dropping and low I buy too much start moving up I get super gun shy, like my cool down period - You ain't wired funny, same here. I never buy when it's running hot to 'ride the wave'. Can't relate on the 'cool down period' though lmao. 😂

If I was a newbie I would consider the current prices as fairly low and have no issue in entering the market. However I have been investing every month since mid 2017 and as today is pay day I have added more to my stash this morning. - Load em bags. 💰

Thank you all for reading! Catch you back here again next week for your daily dose of crypto news! 💙
See you again on Monday!
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