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Learning on the fly

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Your daily newsletter for 16 September, 2019

Learn through guidance

“Problems are not stop signs, they are guidelines.”
– Robert H. Schuller 

Welcome back, CMC family! We are now in the second half of September. Time really flies huh? Alright, time to see what's up in the crypto-verse! 👀


Today in history (1997), Apple Computer Inc co-founder Steve Jobs was appointed interim CEO. 👍


In today's newsletter, we will be covering Bitcoin (BTC)'s hashrate hitting a new high as ~500,000 new ASICs go online, Germany’s largest bank joins JPMorgan’s blockchain network and Central banks to soon meet with Libra founders in Switzerland.


Today, we also have a new blog post on "Market-Neutral Derivatives Trading", so don't forget to check that out below too!


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! 📚

Weekend doldrums 💤

Over the weekend, total market capitalization bounced within a tight range of ~$261.5 billion and ~$268.1 billion, and is currently at ~$268 billion. 24-hour volume over the weekend averaged ~$50 billion. 


BTC is currently trading at ~$10,360, pretty much where it left off on Friday. On the weekly chart, BTC is still trading above its 21, 50, 100, and 200-EMA lines, with RSI at ~59 indicative of moderate bullish momentum. However, the MACD has crossed to the downside of the signal line some time ago, and so we could see BTC testing the above support lines in the coming weeks. 👀

Total Market Capitalizations

Powering through 💪

Over 600,000 new Bitcoin (BTC) mining machines are suspected to have gone online in the span of the last 3 months. 🖥️


This is due to a record high in computing power meant to mine BTC, as well as mining difficulty. A rough calculation suggests that more than half a million of state-of-the-art application-specific-integrated circuit (ASIC) miners have linked to the bitcoin network. 


Cryptocurrency trading and mining analysis startup TokenInsight estimates that this computer power will exceed the "threshold of 100 EH/s for the first time in its history."

Big boys joining the fray 😎 

Germany's Deutsche Bank has just joined JPMorgan's blockchain-based network, coined the Interbank Information Network (IIN). 🤝


The Financial Times reported that in just 2 years of operations, the network has gained 320 banks that participate in swapping global payments data via the Ethereum (ETH) network.


JPMorgan aims to hit 400 agreements with banks by the end of 2019, and plans to introduce other large banks soon.

Rising to the challenge💡

European Central Bank (ECB) officials and those of 25 global central banks are set to meet with Facebook global stablecoin Libra's founders to determine its financial stability risks. 


Reuters reported ECB's hint on rolling out their own, quoting ECB Executive Benoit Coeure that regulators should "step up our thinking on a central bank digital currency."  💭


Concerns were previously raised over Libra. The Bank of International Settlements (BIS) cautioned of the chances of new banking sector risks created by financial services offered "by major companies such as Facebook, Google and Amazon."

Blockchain term of the day 🤓- Cipher

The name given to the algorithm that encrypts and decrypts information.

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

Special announcement 📢 - Market-Neutral Derivatives Trading

Hi y'all! Today, we have released a new blog post covering the topic of "Market-Neutral Derivatives Trading", as explained by us! Check out it out here!

Other news 📰

  • ConsenSys has announced that it will enter the DeFi ecosystem with a new product suite called Codefi to boost DeFi adoption. 👐

  • The Electric Coin Company (ECC) has discovered how to use recursive proof composition to scale blockchains. 🤓

  • Blockchain adoption in Africa is on the rise, as many companies in the continent are attempting to use the technology to bridge developmental issues and power change. 🏙️

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 have at one point considered mining crypto for a living."

Did you follow through with it? Why or why not? Share with me in the polls! 😆 

What you said

"How much do you agree with this statement: "I am a fan of CryptoKitties.""


The average vote was 5.3. 

"Why or why not?"


Loving it - Good to hear! 😄


WTF is CryptoKitties? - it’s a blockchain game that lets you purchase, collect, breed and sell virtual cats! You can check it out here


Woof! - Wut. 🤨


Don’t have time for such trivialities - Lmao. I mean, you can actually make bank from it. 


I am new in this arena - Not to worry! Hang around for a while longer and you’ll be brought up to speed on what’s happening in the blockchain space! 😄


NOT! - That’s a strong no, haha. 🤣


I have two real cats so why should i be fan of crypto kitties? - True. 🤣


For sure I love it ! Bring on the gaming !!! - Love gamezzz 🎮


a game is a great way to introduce the player to new tools - Indeed. I agree.


not a fan, but at launch did try it. what excited me was the frenzy & the what crypto rewards will bring when all games start giving them instead of points. also it tested ethereum's to the max & brought focus to scalability issue with blockchain. - Yeah I remember those days. It made us realize that we are still so so far away from making mainstream adoption a reality. 😔

“What are your plans for the weekend?”


Hiking in the Great Wall of china - Wow that sounds awesome! Hope you had a great time! 


Ecstatic Dancing - Getting jiggy 😄


Lazyness - If you worked hard during the week, why not!


Take care of my family and relax - Take it easy homie!


going to nature - A remedy to many of life’s stressors. 💆


Rest, and go out, to the movie - I’m guessing you caught ‘Joker’? I am so excited to watch that film. It had an 8 minute standing ovation at the film festival where it was first released! 🤯


Packing and moving onward and upward 😊 - Seems like you’re bringing your physical belongings along but leaving the other intangible baggages behind! 😊


Drink , surf and chill - A potent combo 😎


going for a short break - Hope you had a great one!


excursion to a beautiful area - Where where where!


we are at home. our lawn needs grooming. may be we make pizza at home. - Pizza is always a good choice mmmmm


coinbase - Loading up the bags I see 💰

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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