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Your daily newsletter for 12 September, 2019
Keep Moving

"If you can't fly, then run; if you can't run, then walk; if you can't walk, then crawl; but whatever you do, you have to keep moving forward."

- Dr. Martin Luther King Jr.

Happy Thursday, CMC family. One more day to the weekend! Keep the end in sight! 🎯
 
Today in history (1959), Luna 2 was launched by the USSR - the 1st spacecraft to impact on the Moon. 🚀

 

In today's newsletter, we will be covering Coinbase looking to launch an initial exchange offering (IEO) platform, Binance U.S. to soon open registration and deposits and the launch of a blockchain project by major mobile carrier in South Korea.
 
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! 📚

Back in a dominant position 🦍

Over the past 24 hours, total market capitalization rose slightly from ~$259 billion to ~$262.4 billion, with most coins either seeing gains or losses in the ~1-3% range. 24-hour volume registered ~$50 billion.
 
BTC is currently trading at ~$10,260, up ~1.7% over yesterday. On the daily chart, BTC is currently looking to break to the upside of the the 50-day EMA line. RSI is at ~49.3. BTC dominance is back above the 70% mark, and is currently at ~70.1%. 👀
Total Market Capitalizations

IEO platform to launch 😄

An initial exchange offering (IEO) platform will soon be launched by crypto exchange, Coinbase. Coinbase’s head of institutional sales in Asia, Kayvon Pirestani also shared that the platform is exploring Security Token Offerings (STO). 😎

He shared that the IEO platform may be live in the next few months. At this point in time, broker-dealer licenses have already been issued to Coinbase.

Pirestani also shared that the STO product will be rolled out when there is more market demand as security tokens are discussed frequently but less traded.

Mark the date! ✍️

Crypto exchange Binance announced that it will open registration and deposits on its platform for U.S.-based clients on 18 Sept. The CEO of Binance US, Catherine Coley, shared that an account type and level of verification required can be selected by customers to cater to their preferred withdrawal limits. 😲
 
After trading launches in the first phase, Binance US will continue to add to its selection of digital assets for verified users to deposit and trade on the platform. Further announcements will be made when the newer cryptocurrency pairs go live for trading.

Effective communication system 🗣️

South Korea's 4th largest mobile carrier, Union Mobile, has launched a blockchain project called ELYNET that seeks to provide effective communication to users using a single carrier telecom service. 😲
 
Through the use of ELYNET, users would be able to utilize data communication services without roaming fees and contracts. CEO of Union Mobile, Seyong Ro, shared that an accompanying token will be issued with the platform.
 
He added that through the use of ELYNET's own operating system, users can purchase data through ELyX, a token used in ELYNET's ecosystem.  Mobile data communication will be able to be enjoyed anywhere in the world, without the concern of roaming fees and binding contracts.

Blockchain term of the day 🤓- Block Explorer

An online tool to view all transactions that has taken place on the blockchain, network hash rate and transaction growth, among other useful information.

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)!

Special announcement 📢 - CoinMarketCap 'The Capital' Global Conference 

The Capital presents its speaker line-up! We're shining the light on this group of trailblazers, technologists, analysts, and business builders in crypto and blockchain, who are coming together on November 12-13 in Singapore for a special occasion! They'll take the stage to contribute their best thoughts and lessons learned, to drive the conversations on liquidity and adoption forward!
 
We know the brilliant discussions that will ensue among you, the attendees are also not to be missed! Check out The Capital speakers and their bios! Which speakers do you already know, and who are your favorites? #TheCapital #ComingSoon #Singapore #FlightBooked

 

Other news 📰

  • Through “Report on International Bitcoin Flows 2013–2019” by Bitfury’s blockchain analytics platform, Crystal, the U.K., U.S., Hong Kong and Singapore have the largest number of registered digital currency exchanges. 👀

  • The co-founder of Ethereum (ETH), Joseph Lubin, is joining the governing board of the Linux Foundation-led blockchain consortium Hyperledger. 🤝

  • Facebook Libra to seeking to apply and register as a payment system in Switzerland. 🤔

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
 

What's up in the markets

Bitcoin Dominance

Daily Top 10

Greatest Crypto Gainers

Greatest Crypto Loses

New on CoinMarketCap

Poll of the Day

How much do you agree with this statement: "I often shill crypto to my friends."

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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: "The crypto sphere is still in a bubble.""
 
The average vote was 3.6.

"Why or why not?"

 

No. It is here to stay, far too established to be a bubble. - Still far from being considered established, but I think it’s getting there. 😄

Crypto for the population of fearful to gamble on something my wife could say one year from the investment " CRYPTO CRYPTO YOU SAY" !!! " LOST FIFTY DOLLARS TO MY HUSBAND WHO IS LISTENING, AND HEARING! A CRYPTIC DREAM - Lol she must be a no-coiner 😂

 

Weeeell maybe just a lil' one... I dunno if 'big money' would allow a big bubble when they're finally in the middle of looking to invest and/or acquire BTC or any other alts to their portfolios, but this world takes pride in fudging up the simplest of things, so we'll see shan't we? 😛 - Hahah yeah that’s true.

 

If this is a bubble, it’s the smallest bubble I’ve ever seen. - Lmao true. The 2017 run up was not even 1/5 the size of the dotcom bubble. 🤦‍♂️

 

there are some very good smart contract enabled blockchains available now. but regarding dapps we are yet to see anything interesting. i would say its a mix of bubble & some are very over valued. - Agreed.

 

because it is such a new thing , which has not had a enough time to mature and develop - All in due time. 😄

 

Well... Yup theres still not much practical useage of crypto. It still has to prove itself. There are alt coins without practical use , have to prove themselves. So yay, we maybe in some bubble. More development, and tried and tested models in large scale has to happen, so there is real practical value in every crypto. - Yeah..

 

Too many useless Alts still in existence. - In need of a purge. 🤺

 

It didn't hit 6500 yet for second time it has to come back to 6500 to 6100 to be "grounded" - Possibly… the final purge.

 

The market is flat and repetitive - Lotsa consolidation going on. 👀

 

Final bubble will evolve once the financial bubble collapses ! - Something I'm really curious to see how it'll unravel. 

 

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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