Through the lens of others

Your daily newsletter for August 22, 2019
Perspective
"There are things known and there are things unknown, and in between are the doors of perception.”
- Lao Tzu
Gooood morning! Or good evening (depending on wherever you may be). It's day 4 of the week, or to some day -1 to the weekend. Sorry for the lame intro, it's one of those days... 😅😂

Today in history (2004), the 1910 famous painting "The Scream" along with  "Madonna", both done by Edvard Munch, were stolen at gunpoint from the Munch Museum in Oslo, Norway. 😲

In today's newsletter, we will be covering South Korea's Woori Financial Group's entering into a partnership with Ground X to develop blockchain financial services, Casa releasing a node monitor and accompanying rewards program to promote Bitcoin network health and Postmates now part of Lolli's rewards program.

Also today, we have our weekly 'Thursday think tank' section, courtesy of our friends over at Flipside Crypto! So be sure to check that out below!

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! 📚

Choppy 😔
Over the last 24 hours, total market capitalization bounced within a tight range of ~$256.2 billion and ~$264.7 billion, and is currently at ~$262.6 billion. Most coins are either seeing gains or losses in the ~1-3% range. 24-hour volume is slightly higher today at ~$60 billion, compared to the previous few days. 

BTC is currently trading at ~$10,090 - pretty much stayed at the same level as yesterday.  On the daily chart, it broke and closed below its 50-day EMA line, with RSI level at ~42. On the weekly chart, the MACD line is very close to crossing over to the downside of the signal line. 👀

Let's work together! 🤝
According to an official announcement by South Korean banking firm Woori Financial Group's Chairman, Son Tae-seung, Woori Financial Group's has entered into a partnership with Ground X to develop blockchain financial services. 🙌

Under the agreement, both entities will codevelop relevant services. Specifics of what they will both be working on have yet to be disclosed. However according to group officials, the agreement does not involve the use of cryptocurrencies.

Ground X is a subsidiary of messaging-to-mobility tech company Kakao formed in 2018. Earlier this month, it introduced a crypto wallet called "Klip" that utilizes Ground X’s public blockchain, Klaytn.

Contributing to the cause 👍
Crypto private key management service provider and Bitcoin node machine manufacturer, Casa, has released a node monitor and accompanying rewards program to promote Bitcoin network health. 🤗

The node monitor, dubbed "Node Heartbeats", relies on establishing a brief connection between Casa’s server and an online, synced and TOR-activated node owned by a customer. 

The rewards program lets Casa node users earn 10,000 SatsBack per week in exchange for performing 5 Node Heartbeat checks per week. By providing an incentives program to increase node health, Casa seeks to improve the overall health of the Bitcoin network. 👍

For everyday use 😀
Bitcoin rewards platform Lolli recently announced that is has partnered with popular delivery service Postmates, and they are now part of Lolli’s rewards program. 🤝

Lolli claims to have over 750 online retail partners including Walmart and Sephora, among others and in the summer has added a range of new partners including national grocery chain Safeway and Hotels.com. 😋

According to Lolli co-founder and CEO, Alex Adelman, the company is committed to making Bitcoin more mainstream and seeks to "make Bitcoin a part of people’s everyday lives". This partnership with Postmates "is another step towards the mainstream adoption of Bitcoin as Postmates is used daily by people across the US”. 

Blockchain term of the day 🤓 - API
API stands for Application Programming Interface. It is a set of routines, protocols, and tools for building software applications. APIs specify how software components should interact, such as what data to use and what actions should be taken.

Thursday think tank 🧠
Our friends over at Flipside Crypto have produced data revealing the most under- and overvalued coins for the week! 🧐

The scores you see below refer to the ratio of each coin's current FCAS rating to its current market capitalization, both standardized to a 1000-point scale. A score above 1 reflects an undervalued coin, and a score below 1 indicates an overvalued asset!

Hold your horses! Before you go ahead and jump right into investing, always remember to first D.Y.O.R (Do your own research)!

Everybody! Stop what you're doing and take notice! 🛑 You're all gonna loveee this one! 

The CoinMarketCap team has thought about this long and hard, and we've decided to... eliminate the price barrier for all attendees! Yes, rub your eyes and read again! Tickets are now FREE!!! You'd simply have to make it to the Victoria Theatre in Singapore on 12-13 Nov!

We've also introduced a nice food & beverage ticket that includes access to a lovely after-party. We cannot wait to see you there! Check it out here! 😀


Other news 📰
  • San Francisco-based nonprofit Kiva has launched a blockchain platform for credit history in Sierra Leone. 😀
  • American cryptocurrency exchange Kraken is adding support for Basic Attention Token (BAT) and Waves (WAVES). The exchange will roll out trading pairs of BAT and WAVES with Bitcoin (BTC) and Ethereum (ETH) as well as with fiat currencies. 👏
  • The White House has issued advisories regarding the purchase of drugs using cryptocurrencies. 🗣️
Crypto calendar 📅

29 Sept - U.S. SEC's decision on the Wilshire Phoenix’s Bitcoin and Treasury Investment Trust ETF application, under the NYSE Arca exchange (initial decision)
13 Oct   - U.S. SEC's decision on the Bitwise Asset Management's Bitcoin ETF application, under the NYSE Arca exchange (final decision)
18 Oct   - U.S. SEC's decision on the VanEck/SolidX Bitcoin ETF application, under the Cboe BZX Exchange (final decision)
TBA      - ICE's Bakkt Bitcoin Daily Futures Contract updated launch timeline
TBA      - Justin Sun's lunch with Warren Buffett

Catch the CoinMarketCap team at these community events! 🤝

12-13 Nov - CoinMarketCap 'The Capital' Global Conference (Singapore, Singapore)
Poll of the Day
How much do you agree with this statement: "If traditional markets were to enter into a recession, the crypto markets would start to shine." 💭
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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 be able to send crypto through my messaging apps.""

The average vote was a 7.9. 60.7% of y'all voted a '10'!

"Why or why not?"

It is easy enough & end expecting much cheaper than banking app payments - Efficient yet cost effective! 😋

Tons of people are thinking about this; I suppose if folks like Telegram could stop selling their 'token' or 'coin' for $2.00 US in public sales, I might be more convinced. Oh for someone to get it RIGHT soon... - Lol the TG coin... Personally not touching that thing w a 10 foot pole. 😂

To make it feasible - Gotta make it as easy as sending a venmo payment. 👍

Top exchanges get hacked, I’d imagine all kinds of scams, I’m not much of user of messaging apps, just not worth it for me. - What if you were to control the private keys though? I think there's a place for it - I mean you don't have to hold exorbitant amounts in it, just to be safe. You could simply make the phone wallet a hot wallet to pay for day-to-day items. 😬

the idea is very interesting) !!, I like it !! - Me too! I really think it's a possibility in the near future. 😉

I already don't see the need for sending fiat money via messaging apps, I don't see why crypto would make me change my mind. Plus, I'm concerned with the security of most messaging apps, especially Facebook owned WhatsApp. Hard pass. - Hmm understandable. The developed countries are tending towards being cashless societies though. 🤔

bring it on.. it will make payments very easy.. also just like in telegram if we could get tip bot in WhatsApp it will be fun in group chat.. i think for most chats apart crypto we use WhatsApp. - I agree. 

Uh, duh. - Duhhhhhh.

We live in Indonesia and it’s very common to send cash through messaging apps (my son sent me some last night, and I sent back BTC via MCO’s app) Crypto should be just as easy. It’s maybe hard for more developed countries to realize the implications of an ‘unbanked’ and cash predominant country, it’s insidiously difficult (not to mention it enables continued corruption) so YES. Crypto through what’sapp, here in Indonesia, would be a major blessing across the board. imho. - Yeah it would greatly benefit countries with a high % of unbanked. 😀

Not sure... That wats up initoative huh... Wont come in my country anyway, govt. Is anti-crypto. I am satisfied enough if crypto does not get banned or declared illegal in my country right now. - Hahah beggars can't be choosers eh? I hope the govt will finally lax up on the regulations where you are! 🙏🏻

Trust, ie I do not trust many of the conglomerates behind the messaging apps. - Nothing escapes their watchful eyes... but what if they were to integrate wallet providers? 🤔

There a messaging app that uses eth blockchain where you can do this, not very popular i gathered, but due to changes coming to whatsapp i been looking at alternatives, but in short yes, sometimes i need to send cash quick and bank taking 4 to 48 hours to reflect transfers. so yes, there a definite need for this. - Yup!

Would be able to send a birthday gift quickly to someone in need. - Hahah yeah true. 

Definitely this is wanted and needed ASAP. Its a perfect example of a real use case for digital currency. - Exactly. 

Only if they integrate walletproviders. Don't really trust the messaging apps themselves. But if they can make this a userfriendly experience: moon here I come! - Most def. I would only trust it if they were to integrate wallet providers tbh. Not really comfortable if they were to track my spending. 😠

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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