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Hybrid intelligence crypto fund

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Your daily newsletter for 13 December, 2019

β€œAttitude is a little thing that makes a big difference.”

- Winston Churchill

In today's newsletter, we will be covering:

  • Hybrid AI firm Cindicator launching crypto fund based on hybrid intelligence

  • Mining giant Glencore to be tracing cobalt via "responsible sourcing" blockchain consortium

  • Binance announcing partnership with Paxful enabling 167 fiat currencies

Daily Market Summary - Bullish πŸ“ˆ

 

Total Market Cap: ~$197.2 billion (~0.8%)                  BTC Price: ~$7,260 (~0.7%)

24-Hour Volume: ~$60.2 billion (~2.0%)                     BTC Dominance: ~66.7% (~0%)

Notable movers: THETA (THETA) (~14.4%), Kyber Network (KNC) (~19.7%), Enigma (ENG) (~13.4%)

BTC is currently trading at ~$7,260, up ~0.7% over yesterdayOn the daily chart, BTC is still trading below its 21-, 50- and 100-day EMA support lines, and failed to break through its 100-day EMA line yesterday. RSI is at ~37.5, indicative of moderate bearish momentum. 

BTC is still trading within its lower highs and lower lows trading pattern/ channel/ zone it has been trading within since late June this year. πŸ‘€

Total Market Capitalizations

Poll of the Day

How much do you agree with this statement: "I would be keen on enrolling in an online crypto education course."
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Why or why not? Share with me in the polls! πŸ˜† 

Hybrid intelligence-based fund? 🧠

Hybrid intelligence company Cindicator is launching Cindicator Capital, a cryptocurrency hedge fund fund that offers access to investment strategies based on hybrid intelligence data and quantitative research. πŸ’»

Cindicator Co-Founder and CEO Mike Brusov explained that the Cindicator ecosystem is "entering the next level of its development, preparing to start the onboarding of external capital." 

He also added that its combination of the "collective human mind and machine intelligence" offering "a unique and sustainable data source for seeking alpha."

A worthy pledge πŸ‘Œ

One of the biggest cobalt producers in the world, Glencore PLC, announced that it would use the Responsible Sourcing Blockchain Network (RSBN)'s Hyperledger Fabric platform for its cobalt production, and be a "full consortium" member by February 2020.

This announcement follows the company's prior pledge to consider integrating blockchain into its supply chain, and to "design and deploy blockchain solutions". The intention here is to add transparency to the mining supply chain, a sector that is frequently blighted by reports of unethical worker treatment. πŸ‘·

Hence, RSBN's member groups have focused on cobalt as the platform's first test material, a crucial component in lithium ion battery design.

Breaking down doors πŸŽ‰

Crypto exchange Binance announced a collaboration with peer-to-peer (P2P) crypto trading platform Paxful to enable it as a Binance fiat gateway. 

Binance users will be able to use Paxful to buy Bitcoin (BTC) with 167 different fiat currencies, including the British pound, euro and more. πŸ’Ά

Binance CEO Changpeng Zhao mentioned that it is a "significant partnership between a cryptocurrency exchange and peer-to-peer platform where a new pool of users will have access to alternative fiat payment methods available on Paxful." 

The collaboration aims to reach and help an estimated 2 billion unbanked people globally.

Other news πŸ“°

  • During a recent presentation at Labitconf in Uruguay, International journalist and media defender of Bitcoin (BTC) Max Keiser stressed that BTC's 1st function is to clean up the mess fiat money created in the world. ☝️

  • Reuters recently reported that Amsterdam-based bank ING is developing cryptocurrency custody technology. ⚑

  • Crypto exchange Binance announced the launch of its Latin American fiat gateway, Latamex, operating under the Binance Fiat Gateway. 😊

Blockchain term of the day πŸ€“ - Mnemonic Phrase

 

A mnemonic phrase (also known as mnemonic seed, or seed phrase) is a list of words used in sequence to access or restore your cryptocurrency assets. It should be kept secret from everyone else. It is a standard in most HD wallets.

Crypto deep dive: Augur

  • Cryptocurrency: REP
  • Market Capitalization Rank: 35th (~$152.2 million)
  • Consensus: Proof-of-Work (PoW)
 
What its about βš™οΈ
 
  • Augur is a decentralized prediction market that harnesses the wisdom of the crowd and lets users create and trade event outcomes. It is built atop the Ethereum protocol. 
  • Users are able to bet on the outcomes of events such as company performance, election results or even natural phenomena by purchasing shares that would either support or refute the proposed outcomes of such specified events.
 
Why people love it πŸ˜˜
 
  • Users are able to create their own market prices, which differentiates themselves from other betting platforms. 
  • Augur was one of the first high-profile ICOs in the space, which has garnered it a loyal following. It has ~9.8k subscribers on Reddit and ~122k followers on Twitter.
  • The online gambling market is one that is huge. If Augur is able to capture just a fraction of this, it can be very lucrative. Coupled with the low barrier to entry for users, adoption rates could easily rise sharply given the right catalyst.  
 
Why people doubt it πŸ€” 
 
  • There are currently very few markets in Augur that are liquid and so positions rarely get filled. Additionally, market categories are messy as users can create any tag for their markets.  
  • Augur's success is partly dependent on the success of its underlying protocol, Ethereum. As Ethereum continues to face more competition in the blockchain protocol space, Augur's success rate inherently diminishes.
  • Augur took about 3 years to launch its mainnet, which many believe was way too long.

Crypto calendar  πŸ“…

TBA         - Justin Sun's lunch with Warren Buffett

What you said

"How much do you agree with this statement: "Crypto investing is more appealing to me than traditional investing.""

The average vote was 7.8. 49.2% of y'all voted a '10'! 

"What type of crypto investor are you?"

 
54% voted "HODLer! Trading isn't for me. Why sell when it is mooning soon!" 39.7% voted "I trade a little, but just a little... (Please go up!)" 6.3% voted "Derivatives, Margin Trading, Long Alts, Short Alts, you name it, I trade it."

"Why?"

I am a short term trader/holder. I trade some 60 different coins. When coins go up I sell some, when they go down I buy more back. Having been a chart reader for over 30 years I love the volatility of crypto. I came from the commodity market, now 100% crypto. – That’s insane! 60?! Surely you must have some crazy focus to be able to do that. 

More profitable in the long run for me. Don't have the personality, character to watch a screen – Less stressful too. I studied a lot for this and I still learning – Gotta keep on learning! I lost money in Galaxy Resources a company that kept scamming people to invest, once thay saw that their profits would rise, they deleted me and no doubt many others, had this not happened I would have mad e$6,000.00 instead I lost everything. I feel crypto is much safer once you learn how to use it and I am learning all the time. – It’s full accountability with crypto. Double edged sword. Because I am the master and keeper of my own money, damn! – I like the sound of that! Just getting started in the crypto game, so who knows where that will go. For now, buying and holding – Simplicity is key sometimes. if i see back the gains i have made in crypto is exceptional. also with crypto i am in full control of the assets. but one thing it depends what u hold. invest in good projects & hold a while it will give super gain. – Full accountability. Gotta love crypto. Long term accumulator – Same here! Crypto are way more interesting that traditional markets. There is continuous developing both in technology and social assumptions, which will end up taking over traditional markets. – Yeah, it’s a rapidly developing space. You wake up each day and there’s always something new and refreshing. The space truly has a lot of potential and a great deal of smart people are working towards unlocking that potential. I believe the market will go up sooner or later. Then we can make large profits! – Which begs the perennial question: β€œWen Moon?” I am a small investor and you need only small capital to trade different coins and hodl till it shots to the moon. Guys we need info for different coins and tokens for passive income. – Well you could look into coins that can be staked! Or look into Defi! i believe in the tech and the ideas of financial freedom. i believe that money should be borderless and owned by the individual rather than the corporate overlords. i believe in what it offers. I see the long term opportunity it brings. I see the value. And why is crypto more appealing to me than traditional markets, I lost my shirt, 3/4 of pants and cap when it was bad in 08/09. few years later when i saw crypto and what it was, i knew this is the only solution to the problems that institutional money brings. – Man the last fin crisis was brutal. If there was one good thing that emerged from it all, it was BTC. Great question, tough one to answer. As much as I love crypto, the voice inside me says " This could very well go to zero". CD's, money market accounts, blue Chip mutual funds are a lot safer with proven track records. Crypto could be 10x or bust. But I love it. Lol. – Are blue chips truly safe in a global financial crisis? Haha. We all saw what happened in 2008. I can’t imagine the magnitude of the next one. Learning as I go along, experience (mine especially) is to approach with risk based approach, and only trade what I can afford (who can really)!! to lose – Yup! Treat it as money lost.
Thank you all for reading! Catch you back here again next week for your daily dose of crypto news! πŸ’™

See you again on Monday!

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