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Your daily newsletter for 20 September, 2019

Be brave

“The future doesn't belong to the fainthearted; it belongs to the brave."

– Ronald Reagan

TGIF! Great job, CoinMarketCap family! That's another week down.  💪

 

Today in history (1848), the American Association for the Advancement of Science was established.  👍

 

In today's newsletter, we will be covering Tech startup Nebula Genomics launching blockchain-based DNA sequencing, China’s crypto czar saying that Facebook-led Libra ‘might be unstoppable’ and crypto exchange Coinbase looking to add support for Telegram (GRAM) and 16 other digital assets.

 

Today, we will also be covering Waves (WAVES) for our weekly deep dive! Also today in our 'Blockchain term of the day' section, we have another well put together infographic done by cryptocurrency index building and trading automation software, Panda Analytics!

 

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! 📚

Imma bounce back ⛹️‍♀️

 

Over the last 24 hours, total market capitalization rose from ~$264 billion to ~$270.8 billion, with most coins seeing gains in the ~2-8% range. Notable mover of the day is 0x (ZRX), currently up ~14.8%. 24-hour volume registered ~$66 billion.

 

BTC bounced back ~3.3% after yesterday's slump, and is back above the $10,000 mark at ~$10,220. On the daily chart, BTC bounced off its 100-day EMA line and is now trading between its 50 and 100-day EMA line. RSI is at ~47. 👀

Total Market Capitalizations

Data independence 🏋️‍♂️

 
 

Nebula Genomics, a tech startup, is using blockchain to commence DNA sequencing and remove customers' need to show personal information. 🚫

 

Customers can now buy whole-genome sequencing and provide samples of their saliva without sharing personal data. The blockchain-based product allows for transparent and controllable sharing of information. 

 

Customers can also use cryptocurrency to make pseudo-anonymous payments, eliminating the "dependence on data de-identification by personal genomics companies prior to data sharing with researchers". 

 

The report points out an increase in blockchain adoption by the health industry, including blockchain network Harmony collaborating with Lympo, a Lithuanian blockchain-fueled health app to allow speedy and safe health data sharing.

An unstoppable force 🔥

 

China's cryptocurrency czar Changchuan Mu, also the new director of China's Research Institute on Digital Currency, claimed in a lecture that despite its unpopularity, Facebook's Libra "might be unstoppable anyway". ⚠️

 

He divulged that despite tough regulations, there were still back channels that users could use to evade central banks' ban and buy the stablecoin, like underground Bitcoin (BTC) trading in China, and using virtual private networks (VPN) to buy BTC from overseas exchanges. 

 

He argued that Libra would erode monetary policies' power, making it "hard for China to manage foreign currencies and the $50,000 capital outflow cap would be less effective".

 

Mu also emphasized the need to use China's impending Digital Currency Electronic Payment (DCEP), which would "help the government crackdown on money laundering, tax evasion and financing terrorist groups", and to bolster itself before problems arrive.

 

In with the new 🤗

 

 

Cryptocurrency exchange and wallet provider Coinbase has just revealed its plans to add a variety of new assets. 🤑

 

They include "Avalanche, Celo, Chia, Coda, Dfinity, Filecoin, Handshake, Kadena, Mobilecoin, NEAR, Nervos, Oasis, Orchid, Polkadot, Solana, Spacemesh, and Telegram". 

 

The exchange also aims to explore unlaunched assets that they may select to support next time, adding them "on a jurisdiction-by-jurisdiction basis, subject to applicable review and authorizations". 

 

Its professional trading platform, Coinbase Pro, was also reported to add support for the Dash (DASH).

Blockchain term of the day 🤓 - Utility Tokens

Special announcement 📢 - CoinMarketCap 'The Capital' Global Conference

 
You already know you've got a ticket on us if you can make your way to Victoria Theatre in Singapore! For the guys and gals looking for a little more than free, we've got you covered.
 
Check out our full-admission ticket, which includes free-flowing beverages so you stay #hydrated all day, fancy nibbles in the AM and PM, gourmet lunch, and exclusive access to The Capital's VIP after-party!
 
Also, here are all our wonderful media partners who will be at The Capital to amplify and support the inaugural event. It's going to be amaaaazing!

Special announcement 📢 - Market-Neutral Derivatives Trading

 

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

Crypto deep dive: Waves

  • Cryptocurrency: WAVES
  • Market Capitalization Rank: 56th (~$106.8 million)
  • Consensus: Proof of Stake (PoS)
 

What is it about ⚙️

  • Waves is a blockchain platform in which users can create their own customized tokens, perform crowdfunding campaigns and buy/sell/trade tokens. 
  • Founded in 2016 by Russian entrepreneur Alexander Ivanov, the Waves platform launched shortly after a $16 million ICO campaign.
  • Somewhat similar to Ethereum, Waves' mission is to offer the world a shared infrastructure equipped with easy-to-use and highly functional tools that will make blockchain accessible to every person or organization.
 

Why people love it 😘

  • Waves have been picking up some steam as a viable ICO platform. 
  • The Waves platform is equipped with a decentralized exchange, WAVESDEX, that allows for low fee and fast token/ fiat trading within the Waves platform.
  • Waves has some good partnerships, such as Deloitte, the Russian Central Securities Depository and Burger King (Russia). It also has strong ties with several Russian banks, allowing them to establish necessary and very beneficial fiat gateways so that the platform allows for trading against fiat currencies like the USD and EUR. 
 

Why people doubt it 🤔

  • The blockchain platform space is already crowded and saturated. It will take much to stand out. 
  • The Waves platform isn't the most user-friendliest of interfaces. It needs to improve on this to increase adoption rates. 

Other news 📰

  • Bank of America, the 6th biggest U.S. organization, has become a member of the Marco Polo blockchain trade network. 🦅

  • The Swiss arm of one leading financial institution in the Middle East, Arab Bank, is introducing cryptocurrency services 🏦

  • The Iranian government is contemplating a new system requiring annual registration for cryptocurrency miners 📄

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 believe that the Bitcoin (BTC) movement cannot be stopped"

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Why or why not? What are your plans for the weekend? Got anything interesting lined up? Share with me in the polls! 😆 

What you said

"How much do you agree with this statement: "I believe that the crypto OTC markets are deeper than ones on exchanges.""

 

The average vote was 8.2. 

"Why or why not?"

 

i believe so.. especially when buying BTC initially i have come across lot of people who buy by fiat otc. also i have heard of otc exchanges catering to high network individuals. at least for BTC there is a very big OTC market. – Very true. This way, they don’t move prices! 💪

 

 

The volume has to be coming from somewhere. – Oh, the volume you see on our site do not come from OTC markets! They are taken from crypto exchanges. 😄

 

 

Happy readings – Happy days! 😄

 

 

Easier and common. – Yeah, it’s easier to deal OTC when dealing with large amounts of BTC and fiat. 😄

 

 

There are other ways of exchanging crypto, like LocalBitcoins.com or LocalEthereum.com. – Yup!

 

 

Most certainly; who knows what kind of cash is being dumped into crypto via those channels? I've seen ICOs start and then suddenly go, 'Hey well that concludes this sale, we did it!'. All this because of a handful of strong investors, leaving chance of ownership from the average person a bit tougher. Safer by far too in some instances, so the appeal is definitely there. - Yeah, buyers on OTC markets would be able to guarantee their entry price and so its a popular choice especially when dealing with large amounts. 

 

 

More informative in terms of where the future of finance lies – OTC markets def present a wealth of data and info. Wish they were easier to track. 🤓

Thank you all for reading! Catch you back here again next week for your daily dose of crypto news! 💙

See you again on Monday!

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