"We make a living by what we get. We make a life by what we give."
- Winston S. Churchill
One more day to the weekend, y'all! Keep at it! Today also happens to be "International Day of Charity", so do try to do your part to make the world a better place, and take some time to donate to a good cause! Here's one that let's you donate in crypto! 🤗
Today in history (1991), Nelson Mandela was chosen to be the president of African National Congress. 😊
In today's newsletter, we will be coveringSamsungreleasinga new Galaxy Note 10 equipped with a cryptocurrency wallet, Mastercardjoiningthe Marco Polo consortiumand SouthKorea'sSM Entertainmentseekingto build a blockchain network with a native cryptocurrency.
Today, we also 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! 📚
No action 😴
Over the past 24 hours, total market capitalization rose to a high of ~$271.9 billion earlier in the morning, before dropping back down to the ~$267 billion levels where it currently remains. Most coins are seeing losses in the ~1-2% range. 24-hour daily volume registering ~$52 billion.
BTC is currently trading at ~$10,590, up ~0.4% over yesterday. BTC dominance continues to break 24-month highs, and is currently standing at ~71%. On the daily chart, BTC continues to be trading above its 21, 50 and 100-day EMA lines, and RSI is at ~54.👀
Samsung knows what's up 😉
According to the Wall Street Journal, Samsung is releasing a new edition of its Galaxy Note 10 smartphone, a variant of its flagship product, equipped with a pre-installed cryptocurrency wallet. 📱
The product is marketed as a “KlaytnPhone,” named after a blockchain network developed by messaging giant Kakao. The new edition’s hardware specification will not differ from that of the existing Galaxy Note 10's, but will come with blockchain apps and a crypto wallet. Buyers of KlaytnPhones will also obtain a small amount of the Klaytn blockchain’s native crypto, KLAY.
Blockchain apps on the Klaytn network are currently available for non-Samsung phones via Google’s Android system, but only the Klaytn edition phone will be able to support full-scale transactions on the Klaytn network.
Simplifying global trade 👍
Mastercard has joined the consortium that seeks to simplify global trade through blockchain technology, Marco Polo. 🤝
Mastercard’s B2B global trade unit, Mastercard Track, will provide an access point to Marco Polo’s working capital finance platform. According to the World Trade Organization, the Marco Polo platform currently operates within a $1.5 trillion market.
Marco Polo, founded by startups R3 and TradeIX, utilizes R3's Corda blockchain platform and boasts real-time connectivity, greater visibility for trading relationships, and lower barriers to accessing capital.
According to managing director at TradeIX, Daniel Cotti, “the scale and reach of Mastercard will complement and enable the large number of financial service providers who have pioneered the formation of the Marco Polo network over the past couple of years”.
Decentralizing the entertainment scene 🕺
A top Korean entertainment talent agency with a market cap of $600 million, SM Entertainment, is seeking to build its own blockchain network with a native cryptocurrency. 🤔
According to the director of SM Entertainment’s technology arm CT-AI Labs, Joo Sang-sik, the company is aiming to develop a blockchain network that would allow fans to be more engaged with the entertainment ecosystem by investing in artists’ work through cryptocurrencies. 🤗
Also according to Joo, the entertainment scene currently utilizes inefficient settlement and payment systems, and as such the firm aims to make use of the concepts of both public and private blockchains to help with that and build the network.
Consensus is achieved when all participants of the network agree on the order and content of blocks and transactions contained in those blocks.
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)!
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 📰
A 48-year old Thai man who called himself the “cryptocurrency wizard”, Mana Jumuang,has been arrested for his alleged involvement in a crypto crime ring that fleeced investors for 500 million baht (~$16 million). 💸
According to a tweet by Bloomberg cybersecurity reporter William Turton, the director of the NSA’s Cybersecurity Directorate Anne Neuberger said at the recent 10th Annual Billington CyberSecurity Summit in Washington D.C. that her agency is developing a quantum-resistant “crypto.” 🤔
Oracle has admitted a New York-based Ethereum-based enterprise blockchain developer firm, Hydrogen, into its Cloud Marketplace. Hydrogen’s APIs are now available to ~500,000 Oracle customers to develop applications for banking, investing, savings, insurance and wellness. 🤗
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 believe that by 2025, the majority of phone users will be carrying blockchain phones.""
The average vote was 6.4.
"Why or why not?"
I think 2025 is too soon for such high levels (50%+) of mainstream adoption. - A wise man once said to me: "Never say never~". 😉
Majority of the mobile users already using payment apps and money transfer apps across the globe. Even before 2025 many countries allow their regulations procrypto to enable their citizens to benefit and not to fall prey to unregulated entities. This will help financial service inclusion of many people. - Agreed!
i do think soon both iOS & android will enable us to sign transactions in blockchain.. also it will be used to improve security of the phone. - Android is already doing it. Apple def has to follow suit! 😄
Because we (at least outside the US) have a clever youth! - True. Always bet on the younger gen. 🧠
Using your phone as a wallet is a great idea.... - Of course. So much more convenient. China is already doing it.
Bitcoin will be almost a common as dollars - 🙏
What is a blockchain phone? A phone with a preinstalled wallet? - Yeah, and some might even be nodes.
They will need it to use crypto in daily life. - It will happen in due time. I am convinced.
Cryptos will need more mass adoption to make that happen. I don't think it will happen that soon - 2025 is quite far away in the crypto scene.
No brainer ...Huobi and Karat are both launching now . Carrying all in one and watching you money grow wherever you are .No roaming charges and the likes .Stuck in a desert, no problem, satellite linked .Great initiatives. - Hahah yeah they are.
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙