"When solving problems, dig at the roots instead of just hacking at the leaves."
- Anthony J. D'Angelo
Happy Wednesday fam! I know it's midweek, but as we bid goodbye to the month of July, let's find a reason to stay motivated as we welcome the new month! Dig deep! 👀
Today in history (1988),the late Playboy founder Hugh Hefner closed the last Playboy club in Lansing, Michigan (USA). 😔
In today's newsletter, we will be covering Canaan Creative confidentially filing for an IPO in the U.S., gun appliance manufacturer Justifire winning a patent to integrate blockchain into a 'Black Box' for guns and Pundi X (NPXS) integrating its XWallet app into the Samsung Blockchain Wallet.
Please do not forget to answer the polls down below too! It's a great way to interact with you and hear what you have to say. 💭 Happy reading! 📚
Small bump up 📈
Over the last 24 hours, total market capitalization rose slightly from ~$264.2 billion to ~$270 billion, with most coins seeing gains in the ~1-4% range. Notable mover of the day is Tezos (XTZ), currently up ~21.8% likely due to its Coinbase Pro listing.
BTC is currently trading at ~$9,770, up ~2.6% over yesterday. It is still trading between its 50 and 100-day EMA line, after failing to break to the upside of the 100-day EMA line 4 days ago. On the daily chart, RSI level is at ~45 and has been at that level for the past 9 days, indicative of a standstill between the bulls and the bears. Overall, there is some consolidation going on at these levels.
Hush hush 🤫
According to a recent report by IFRAsia, China-based Bitcoin miner manufacturer Canaan Creative has confidentially filed for an IPO in the U.S. and is seeking to raise $200 million. 🤑
Canaan Creative, creator of the Avalon miner range, previously sought to go public in Hong Kong in March 2018 to raise ~$1 billion. However, that plan fell through when its Hong Kong Stock Exchange application lapsed in November 2018.
Then in March 2019, it was reported that it was considering an IPO on the newly created Science and Technology (Sci-Tech) Innovation Board within the Shanghai Stock Exchange, and was also in talks with the New York Stock Exchange and NASDAQ. 🗣️
A good cause 👍
Georgia-based gun appliance manufacturer and firearm firm, Justifire, has won a patent to integrate blockchain into a 'Black Box' for guns. The patent describes a signature 3x3x1.5 inch blockchain integrated device used for end-to-end data integrity. 🤖
The device will capture visual, audio, and other data for events requiring lethal force. Sensing sudden environmental changes, Justifire records dangerous encounters with the intention of protecting the right to self-defense in both the legal and public space. The Justifire attachment will then send the data to a network of nodes for encryption and storage via blockchain. The patent also describes the possibility of tokenizing the data to incentivize node participation.
Justifire is also seeking additional funding to continue the development of its product to include new tools like ultrasonics, thermal, and laser imaging radar. 👌🏻
Samsung and crypto payments startup Pundi X (NPXS)’s has formed a new partnership to allow users to integrate the XWallet app to the Samsung Blockchain Wallet. 🤝
In a recent Pundi X blog post, it revealed that its cryptocurrency wallet solution has been integrated into the Samsung’s blockchain ecosystem, and that “Samsung Galaxy S10 users can move cryptocurrencies stored in the Samsung Blockchain Wallet into the XWallet, which they can then use as a checking account for instant crypto transaction with Pundi X’s global payment ecosystem.”
XWallet currently supports Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), KuKoin Shares (KCS), NEM (XEM), KNC, Qtum (QTUM), Pundi X (NPXS) and Pundi X NEM (NPXSXEM). The XWallet app will also allow the movement of crypto stored in the Samsung Blockchain Wallet back to the XWallet. 💪
"How much do you agree with this statement: "Blockchain technology has already positively impacted my life.""
The average vote was a 7.1.
"Why or why not?"
Not only have I learned a massive amount but I've made some profitable choices also - Good on you! That's like the perfect combination - learning and earning. 👌🏻
Real money profit come to me for providing crypto related services - Satisfying a real need in the space. Good job!
Ending the government monopoly of money has drastically reduced my stress especially when it comes to saving for retirement with litecoin..... - Hahaha, now its time to do your part to evangelize and tell others what you've learned. 🗣️
I started trading coin about two and a half years ago and I trade every day. I just love it. - May you continue to make bank! 💰
I have a safer store of value than my bank account. I have earned more interest in a week than my bank account earns in an entire year. Although, not guaranteed, I also get an opportunity for substantial profits should my digital assets explode in value one day. These are just the financial benefits! - Yeah DeFi is the way to go. It truly is a space with so much potential. 😋
I’ve made gains on most of my crypto. It’s given me a new hobby. I love reading about crypto and blockchain. One day the whole blockchain idea will CLICK in my tiny little brain...maybe? 😂- Don't worry it will. I would say only a few truly fully understand the space, so you're not alone. Just keep learning! 🤓
New investments and payments alternatives - The future! Aren't you glad to be a part of it?
Not exposed to blockchain technology as of now... - You will be, whether you like it or not.
It is difficult to answer unequivocally ... on the financial side, I’m just floating in and I don’t see any profit yet)))). I hope for a long flight to the moon .. to wipe my nose off everything blind))) - Lol Ill see ya on the moon!
Not yet. However, I believe blockchain technology is the way to a better future for all. - Agreed.
When I started investing in Blockchain around 3 years ago I remember BTC at $400, ETH at $9 and LTC at $14. I become an investor and start trading with only 1 reason! ("MAKE MONEY!!!") but this is not the stock market, this is even better! 🙂 This is addictive and at some point, you love everything related to CRYPTO. So.... definitely Yes! is already impacting in my life! - Danggg look at you, early adopter. Wish I could've seen the light then too.
I think it is the future. - There is zero doubt. 😀
We already experience more financial security, flexibility, and hope for the future of our family and community, than at any point in our lives. No other single event in all our decades has had such a positive impact as that of Bitcoin and friends. - Wow those are some moving words. I do agree though. 😊
It is an exciting change from the IOT and makes me eagerly anticipate the future and where it will lead us as a society. - Yeah this space just oozes with potential. It really is a revolution to me. 🔥
yes, yes and yes. And all I can say is watch this space. But the possibilities to use it for good is staggering, and little creative thinking and seeing an opportunity. Those who still can't see the beauty of the blockchain can really use an education in this matter. - Yup!
I’m new at this market - Well, welcome! Glad to have ya onboard! 👌🏻
Right now I would say blockchain as made virtually no impact on my life at all. I have made changes, for the past 3 years instead of putting disposable income into a savings account I put it into crypto but with the 2018/2019 bear market I am not up that much to make a difference in my life. Hoping for bigger gains in Q4. I am all in and balls to the wall I reckon the next major bull run will me right for life. - I personally think its a great time to keep loading up your bags. I'm doing it too! 🚀
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙
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