"Pride is holding your head up when everyone around you has theirs bowed."
- Bryce Courtenay
It's midweek, CoinMarketCap fam! Hope your week is going splendid! Alright, ya ready for some juicy crypto news?! 😋
Today in history (1998), U.S. President Donald Trump announced that the Dreamers program, also known as The Deferred Action for Childhood Arrivals (DACA) will be stopped. 😔
In today's newsletter, we will be coveringVanEckSecuritiesand SolidX Management to start selling shares in a limited version ofa Bitcoin ETF to institutional investors,HuobiGlobal to launch an affordable “Acute Angle”blockchainphone and Binanceacquiring crypto exchangeJEX.
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! 📚
Slow day 🐌
Over the past 24 hours, total market capitalization rose slightly from ~$263 billion to ~$269 billion, with 24-hour daily volume registering ~$60 billion.
BTC is currently trading at ~$10,060, up ~2.2% over yesterday. BTC dominance continues to break 24-month highs, and is currently standing at ~70.6%. BTC continues to be trading above its 21, 50 and 100-day EMA lines, and RSI is at ~53.👀
Taking matters into my own hands 🦍
According to The Wall Street Journal, VanEck Securities and SolidX Management want to start selling shares in a limited version of a Bitcoin ETF to institutional investors, using a specific U.S. SEC rule (Rule 144A) that exempts the shares from securities registration. 🧐
The investment management firms are planning to start selling on 5 Sept and offer shares of their VanEck SolidX Bitcoin Trust to institutions such as banks and hedge funds, but not retail investors.
The SEC has been delaying its decision multiple times to allow VanEck and SolidX Partners to list a Bitcoin ETF since 2018, with the latest delay on 12 Aug. As such, VanEck and SolidX are taking this unusual route to bypass the regulatory hurdles. 😘
Affordable blockchain phones? 📱
Huobi Global has recently announced the launch of the “Acute Angle” blockchain phone for $515. The phone, created by a startup that Huobi invested in (Whole Network), has built-in crypto-ready features like push trade notifications, a dApp wallet, an optional cold-wallet plugin and the NODE native token. 👍
Whole Network’s NODE token will be listed on Huobi Prime, and can be purchased with Huobi’s native token, HT. Based on Android’s operating system, Acute Angle is currently available in China with a Q4 2019 launch planned for Southeast Asia. Dates for the U.S. and European rollout have not yet been given.
According to CEO of Huobi Global, Livio Weng, "blockchain phones are a promising area for future blockchain industry development" as "innovations like 5G become increasingly integrated into our telecommunications systems, more and more crypto communities will want to trade and transact from mobile devices.”
Product arsenal building 👐
Binance has acquired Seychelles-registered crypto exchange JEX for an undisclosed amount, in a bid to boost its crypto derivatives offerings for pro traders. JEX offers spot and derivatives trading in cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). 🤝
Going forward, JEX will be known as Binance JEX and be under Binance's management. JEX's exchange token JEX will continue to be guided by its existing foundation. Binance also plans to distribute JEX tokens to users through “marketing activities and community incentives” before getting them back and burning them via means including trading commissions.
According to Binance co-founder Yi He, “JEX has developed solid derivatives product offerings including perpetual contracts and options, which are aligned with Binance’s product roadmaps in the cryptoasset derivatives market”. 👍
A political philosophy and school of thought that believes in removing centralized states in favor of self-ownership, private property and free markets. Many of the early adopters of Bitcoin were proponents of anarcho-capitalism, believing it would give power and control back to the masses.
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?
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Other news 📰
Blockchain property rights startup Bitmark has secured a $3 million Series A funding round, led by consumer electronics giant HTC. Alibaba, WI Harper and Digital Currency Group also participated. 💸
Founder of the Jaxx wallet-maker Decentral, billionaire Anthony Di lorio, has stepped down as CEO of Decentral to focus on “philanthropic initiatives”. He will still continue funding Decentral and approving budgets as chairman of the board. 👋
Starting October 2019, “Big Four” auditing firm PwC’s Luxembourg branch will accept cryptocurrency payments from clients. 🤗
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 prefer for my national ID to be put on the blockchain.""
The average vote was 6.7.
"Why or why not?"
Sure, if blockchain can put a photo and fingerprint with social security number its a win. - It most definitely can. It will be an immutable, tamper proof record. 💪
More secure - No doubt there.
it will be very convenient.. in fact also where ever we use OTP or digital certificate, if we could use Blockchain / Crypto signature it would be very safe & easy. - Exactly, it just makes so much more sense. It would reduce identity fraud too. But I guess conspiracy theorists would say govts would be able to delete your existence at will. 😨
Only if everyone else follows - Haha don't be a lemming! 🐀
Yes,i widh i can get a safe access to my ID at any time, with max security against theft. Or misuse. 2d would ease recovering or askong for new ID after validity period. - Yup, good points.
Yes, blockchain is a new revolution that is empowering the ordinary beings globally. If ID can be powered in the blockchain, it would remove fake identities customizing freely by the people enthroned with too much power. My strong believe! - It would def help with identity theft and fraud. The key issue is whether the people would want their actions be more closely monitored. 👁️
governments have too much info on us right now as it is. - True. They will be able to more closely monitor our movements. Scary~ 🙀
No one needs to know who I am. Everyone doesn't know when I go down to Casey's and buy a donut. Come on... That's between me, Casey's, and maybe the IRS. No one else. - Hahaha that is true. Big brother is gonna have bigger eyes. 👁️
I'm not comfortable with this if the blockchain is publically accessible/transparent. Rogue actors who data mine this type of info could use protected personal identification for nefarious purposes. Having a private encrypted key would not matter until the PPI was masked. - I doubt it would be publicly accessible, and that the data would only be held in a private blockchain. 🤔
I've long been thinking of this. It especially helps in immigration matters. And if a person is on a wanted list. Probably also kick in ass I need to get my ideas out there. And make work of it. - Yup, it would help with immigration. No more long lines at immigration! 🍻
It has to be the future! More secure, elimination of fraud. - Agreed. 👍
Definitely ... with ID theft on the increase, we need desperately to do something - I believe we will make the transition in the near future. 🔮
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙