"Courage doesn't always roar. Sometimes courage is the silent voice at the end of the day that says 'I will try again tomorrow."
- Mary Anne Radmacher
Happy Toosday! The week is just getting started. Let's dive right into it! 🏊♀️
Today in history (1998), Google was formally incorporated by Larry Page and Sergey Brin - 2 students from Stanford University. 🤓
In today's newsletter, we will be covering Binance launching 2 futures testnet platforms,SierraLeoneto fully adopt a blockchain-enabled national identity system by the end of 2019andTechMahindrapartneringwithAdjointto launch a blockchain financial management and insurancesolution.
Also, in our 'Tutorial Tuesday' section, we have another well put together educational video by crypto educational content provider, Goodbit!
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! 📚
Over the past 24 hours, total market capitalization rose from ~$252 billion to ~$263 billion, with most coins seeing gains in the ~2-5% range. 24-hour daily volume registered ~$59 billion, a good ~30% increase over the past few days.
BTC is currently trading at ~$10,340, up ~5.6% over yesterday. BTC dominance has broken the 70% mark, and is currently at ~70.2%! The last time we saw these levels was back in mid March 2017. BTC is back trading above its 21, 50 and 100-day EMA lines, and RSI is at ~50.👀
Test me out! 👩🔬
Binance has launched 2 futures testnet platforms, Futures A and Futures B, and has invited users to participate in a 10,000 Binance Coin (BNB) simulated trading competition from 3 Sept through to 8 Sept. 😀
Binance will be awarding winners with a total of 10,000 BNB (~$216,000). It will provide all participants with 100,000 Tether (USDT) tokens in simulated funds on both Binance futures platforms, and will be ranked based on the total USDT trading volume transacted, including buys and sells but excluding wash trades.
To qualify for a prize, participants will be required to maintain at least 100,000 USDT in simulated funds by the end of competition. Competitors are also being invited to take part in voting for their favorite platform, and those who support the winning platform will receive a 50% trading fee discount for a month.
National ID system 🤖
According to tech publication NFCW, the government of Sierra Leone plans to fully adopt a blockchain-enabled national identity system by the end of 2019, that President Julius Maada Bio claims will allow financial institutions to verify identities and build credit histories.
Dubbed the National Digital Identity Platform (NDIP), the project is a collaboration between the United Nations with San Francisco-based nonprofit and key technology partner of Sierra Leone, Kiva. 🤝
NDIP is being deployed in 2 major stages, the first involving identities being digitized and the second involving the creation of non-duplicating, non-reusable and universally recognized National Identification Numbers.
According to Bio, the blockchain-enabled access to credit and financial services will make citizens more financially resilient as it “directly translates into citizens having improved access to affordable credit to invest in entrepreneurial endeavors."
Blockchain financial management 💰
According to telecommunications industry news outlet CommsMEA, the IT subsidiary of Indian conglomerate Mahindra Group, Tech Mahindra, has partnered with American distributed ledger technology (DLT) firm Adjoint to launch a blockchain financial management and insurance solution.
Reportedly, the solution will be able to save $4 million for every $1 billion of financial risk management and banking relationships. Users of the new system will be able to validate the business case with their own data in their own secure environment and help eliminate out-of-order and double data entries. To ease reporting and compliance, auditors can also be given access to an immutable record of all transactions. 🧐
The system is based open source DLT platform UpLink, that aims at enabling compliant modern financial processes management. The platform has a dedicated messaging protocol and consensus mechanism meant to let participants in the blockchain ecosystem establish what data is put on the distributed ledger.
Do you like free stuff, good vibes, staying in the know, and connecting with like-minded people from all over the world? Then you better start making plans for 'The Capital', CoinMarketCap's event designed just for you!
The Capital brings together crypto advocates, entrepreneurs, developers, traders, and teams to explore how we can advance our industry. We're gathering crypto and blockchain leaders to drop some awesome knowledge on us come November!
Take part in discussions, meet influencers, expand your social network, and win awesome prizes like your own NFT designed by an artist. All of this will take place inside a gorgeous venue! Here are our best reasons to attend The Capital. Which ones are you coming for?
On a separate note, have you followed us on Instagram yet? 😉 Follow us right now to get more of these updates and for more exciting content! Yes... right now!
Other news 📰
Japanese crypto exchange Liquid has disclosed the public blockchain wallet address (0x6A0afe6f45A878100480F312B585Aa0D752d4D2D)that keeps all participating customer funds from the Gram token sale of the Telegram Open Network (TON). The funds will remain in cold storage until the release and delivery of the assets by Gram Asia. 👁️
Self-proclaimed creator of Bitcoin (BTC) Craig Wright's attorney, Andres Rivero, has filed a document with the U.S. District Court for the Southern District of Florida asking for a 14-day extension to file a motion challenging Magistrate Bruce Reinhart’s order for Wright to pay 500,000 BTC to Kleiman's estate. 🙏
Crypto market commentator Josh Rager recently took it to Twitter to accuse Tron (TRX) founder Justin Sun of buying 5,000 to 6,000 Twitter followers per day, and posted screenshots from Twitter statistics aggregator SocialBlade to corroborate his claim. 😲
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)
"How much do you agree with this statement: "I would be interested in fractionally owning real estate through blockchain.""The average vote was 7.7.
"Why or why not?"
I say if for now, but IF it were possible to have a couple hundred extra a month to invest toward such a payoff (esp. for retirement), I would have already started a year or so ago. Soon it won't be a problem, and ways to facilitate properties ownership/leasing in wanted areas will be wide and varied; maybe even tailored or customizable even. - Yes, people would be able to own fractions of their dream properties! How cool is that! 😎
It could be an affordable way to invest in another asset class. - Yeah. It's basically opening up a previously illiquid market. 👍
Real estate is unquestionably a true store of wealth and an asset, so owning real estate, even a fraction of it, is an opportunity one should not pass up! - Owning land = the true wealth of the world. 😊
Well, since thats more affordable than actually buying a real estate. - And you'll get to enjoy the capital gains, or even trade away your share without having to actually sell the house! 👍
Safer, less paperwork and stress for the customer. - True, having it on the immutable blockchain is way safer. 🔰
I would prefer to be holding the deeds myself - Understandable.
For sure . Blockchain security of course - No doubt more secure.
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙