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Venturing out there

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Your daily newsletter for 22 October, 2019


Adventure is worthwhile.”

– Aesop

Hidey ho, crypto pal! Good to see you back here again! 😄Hope those pesky Monday blues didn't get to you yesterday.



Today in history (1879), the carbonized cotton filament light bulb was perfected by Thomas Edison. 💡



In today's newsletter, we will be covering Japan’s 3rd largest bank completing its blockchain trade finance test, Binance joining the council of Kakao’s blockchain project and Fortnite meeting Bitcoin lightning network in new ‘Lightnite’ video game. Also, in our 'Tutorial Tuesday' section, we have another well put together educational video by crypto educational content provider, Goodbit!



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 start to the week 🐌




Over the last 24 hours, total market capitalization stayed within a tight range of ~$224.4 billion to ~$221.9 billion, with most coins either seeing gains or losses in the ~1-3% range. Total market capitalization currently stands at ~$223.7 billion. 24-hour volume registered ~$59 billion. 



BTC is currently trading at ~$8,270, pretty much at the same level as it was at yesterday. We are seeing persisting consolidation at these levels, indicative that market participants are rather indecisive at the moment. On the daily chart, BTC is currently challenging its 100-day EMA line, for the second time since it broke below it mid-Sept. RSI is at ~43.7. 👀

Total Market Capitalizations

Commercial use


Japan's 3rd-biggest bank by assets, Sumitomo Mitsui Banking Corporation (SMBC), is slated to use R3's Marco Polo trade finance blockchain commercially by year-end, after successfully completing a cross-border proof-of-concept test.



Participants included Japanese general trading company Mitsui & Co, Thailand's 3rd-largest bank Bangkok Bank and Thai petrochemicals firm Indorama Ventures. 



Marco Polo, which uses the open-source Corda network, paves the way for highly-efficient data reconciliation, an improvement from the current inefficient manual and paper-based trade financing process. ✔️

Here to help 🙋‍♂️




Binance is teaming up with Kakao-led blockchain project Klatyn's governance council to drive the mass usage of blockchain technologies. 



It joins 24 other member companies including Celltrion, LG Electronics and more, to help make important decisions for the project's business and technical advancements. 🤔



As the first blockchain company to take part in the council, Binance will also be joining the consensus node operation.

Play & win 🏆




Bitcoin-enabled (BTC) games startup, Satoshis Games, has announced the creation of Lightnite - a Fortnite-like game that has built-in Lightning Network microtransactions. 



Players will be able to earn BTC by interacting with other players, such as by damaging each other or by picking up in-game items that have a BTC value from dead players. 🔫



Users can choose between a "Bitcoin-enabled and a Bitcoin-less mode" . The developer hopes that this expands the game's appeal to a bigger audience and that non-BTC users will "eventually get attracted by the enhanced interactivity allowed by the Bitcoin-integration and start experimenting with this innovative technology".

Blockchain term of the day 🤓 - Permissioned ledger



A ledger designed with restrictions, such that only people or organizations requiring access have permission to access it.

Tutorial Tuesday 🤓 - 'What is 2FA?'


In this week's Tutorial Tuesday, our friends over at Goodbit have created an educational video on 'What is 2FA?' Class is in session. Check it out here!

Special announcement 📢 - CoinMarketCap 'The Capital' Global Conference


It's happening!


In less than a month, join 1500+ attendees, 70+ speakers and 15 sponsors at the gorgeous Victoria Theatre for a one-of-a-kind crypto experience.


We have just a few FULL admission tickets remaining. $199 gets you full access to The Capital, food & beverages throughout the conference, fine-dining lunch provided by Sinfonia, and a ticket to our VIP after-party at Capital by Zouk!


To register, click here!

Other news 📰




  • Director of the U.S. Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, recently clarified that Anti-Money Laundering (AML) laws also apply to cryptocurrency 🗽

  • Another 4 leading institutions, including major banks Shinhan and NH Nonghyup, have joined the Initial DID Association - the South Korean government-backed decentralized identity initiative. 🏦

  • Indian university Malla Reddy Engineering College for Women, has created a blockchain-based voting system for online ballots. 👩‍🎓

Crypto calendar  📅



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

On a scale of 1-10 (10 being most useful), how useful would a blockchain enterprise solution be for the company you're currently working in?


Why do you say so? Share with me in the polls! 😆 

What you said


"On a scale of 1-10 (10 being most comfortable), how comfortable would you be in having the majority of your overall investment portfolio in crypto?"



The average vote was 6. 20.5% of y'all voted a '10'. 

"Why or why not?"





High risk for high reward – Ooo daredevil 😈



Risk to reward ratio is higher – Possibly. Can you stomach the swings though? 😄



Because the money system is going to collapse. – Inb4 currency crisis. 😂



Against prudent investment ethics. A percentage yes but eggs in one basket comes to mind! Let’s keep our feet on the ground. – Yeah, best to stay diversified across asset classes too. 👍



Always told not to put all my eggs in one basket. Cryptocurrency still a gamble. – Well worth the punt, I must say. 🤑



blockchain tech is still on it's infancy but growing fast, so will give 10/10 in 5-7 years... – Yeah it’s def gonna take some time. 🐌



"Investing" in crypto is kind of a misnomer IMO. They're primarily just payment methods (ie would you be "investing" in Yen-JPY?). Regardless, you gotta diversify your investments, so I would never want the majority of mine in crypto. - Not true. Look at PoS coins that give you a return if you stake them. 



I believe in the hedge cushion of diversification – Same here!



No electricity means no crypto trading. I have hard assets for WHEN the stock market crashes. Au, Ag, Defence, Food Water. – Interesting hedging strategy… What about precious metals though? Those seem to fit into your strategy. 💎



I already do. - Gangsta 😈



I'm young and bullish. – Should def take more risks when you’re young. 👍



Precious metals and crypto’s are where it’s at! – Oooooh, complimentary assets! 😄



It can be turned of suddenly by any Government!! – Isn’t that cash? Plus govts can just erase bank accounts too. Governments turning off crypto is less likely. 



Too volatile and risky, limiting to 10% of net worth at this time – Sensible.



Come on man, we are all millennials. We don't have much of a choice. Crypto is our ticket outta here. – Ticket outta poverty hahaha. Well, I don’t think so. Investing in low expense index funds can get you there as well. Don’t underestimate the power of compounding. E.g. the S&P has a historical annualized rate of return of 8-9%, and that can really add up quick. 📈



Putting all your eggs in one basket is a bad idea. – Agree.



It already is, and I'm at peace.I won't go crazy and sell my holiday home for more crypto, but 65% in crypto, the rest gold, silver and diamonds. {I've never trusted banks, precious metals can be worn and kept in safe}. The traditional stock market not my cup of tea, especially after watching dirty money on Netflix. So yes, if I can't access it 24/7 it not really my money i believe. – Hmm take a look at index funds… They make sense too. 🤔



i think for now a balanced portfolio is better.. also it depends on what you are holding.. if its BTC as investment its good. for other coins i don't think so. – BTC is king! 👑

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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