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Justin Sun to donate to Greta Thunberg’s efforts

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Your daily newsletter for 19 December, 2019

β€œThe informality of family life is a blessed condition that allows us all to become our best while looking our worst.”

- Marge Kennedy

In today's newsletter, we will be covering:

  • Oil and gas consortium being the 1st to apply DLT to industry balloting

  • Justin Sun's $1 million donation to Greta Thunberg

  • BitGo telling users to swap Bitcoin SV for BTC before hard fork

Daily Market Summary - Bullish πŸ“ˆ

 

Total Market Cap: ~$187.4 billion (~5.2%)                  BTC Price: ~$7,070 (~6.2%)

24-Hour Volume: ~$104.6 billion (~20.5%)                 BTC Dominance: ~68.2% (~0.9%)

Notable movers: -

 

BTC bounced off the lower bound of the channel it has been trading in, and is at ~$7,070, up ~6.2% over the past 24 hours. On the daily chart, BTC is still trading below its 21-, 50- and 100-day EMA support lines, but is currently contesting the 100-day EMA line (4th attempt since it broke below it early November this year). RSI is at ~44, still indicative of 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. It is currently testing the lower bound. πŸ‘€

Total Market Capitalizations

Poll of the Day

How much do you agree with this statement: "I find it hard to use any other crypto pricing site other than CoinMarketCap."
1
2
3
4
5
6
7
8
9
10
Why or why not? Share with me in the polls! πŸ˜† 

New blockchain-based balloting system πŸ“

A consortium of 10 major international oil and gas companies, including Chevron and Shell, has successfully used blockchain to digitize industry balloting. 🀝

The Oil & Gas Blockchain Consortium (OOC) successfully piloted a blockchain-based system for Authorization for Expenditure (AFE) balloting in collaboration with Canadian technology supplier GuildOne. 

The AFE balloting proof-of-concept (PoS) is the first initiative of its kind as it plans to enable participants to send ballots and make elections digitally with blockchain technology.

Blockchain-based digitization plans to reduce time needed for the traditional manual AFE balloting's paper-based process, boosting the approval process, offering immutable records of the final working interests and decreasing errors using smart contracts.

For the environment 🌳

Tron (TRX) Founder Justin Sun has publicly vowed to donate $1 million to efforts made by young Swedish environmental activist Greta Thunberg to increase global awareness of the climate crisis. 

Sun was responding to the "watered-down" results of the COP25 UN climate conference held in Madrid. πŸ’¦

The talks set the record for the "longest-ever multilateral climate negotiations, yet ended in stalemate over key issues," like "setting rules for a new global carbon trading market and adopting new, more ambitious emissions reduction targets."

Heads up! ⚠️

Digital currency management firm BitGo told users to shift or convert funds they hold in altcoin Bitcoin SV (BSV) because of a compatibility issue. 😡

It explained that BSV's impending hard fork, called Genesis, had a protocol change that meant that its wallets would not be able to get transactions, and could only allow them to spend remaining BSV tokens instead. 

The firm described the event as "depreciation," and advised users to either move their BSV to another wallet or sell it all and convert it to Bitcoin (BTC). 

Other news πŸ“°

  • Ethereum-based protocol, Kyber Network, is launching major upgrade Katalyst for liquidity optimization, including a new staking mechanism and launching community platform KyberDAO. πŸŽ‰ 

  • Chief Monero (XMR) maintainer Riccardo Spagni, or fluffypony, will step down to serve as backup maintainer in an impending reshuffle. πŸ‘©β€βš–οΈ

  • Big 4 accountancy firm Ernst & Young (EY) has launched a public beta version of its token and smart contract review service for users, identifying security risks and evaluating coding quality. πŸ‘€

Blockchain term of the day πŸ€“ - Margin Call

 

When an investor’s account value falls below the margin maintenance amount. The broker will then demand that the investor deposit additional money or securities to meet the minimum required maintenance amount to continue trading.

Thursday think tank πŸ§ 

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)!

Crypto calendar  πŸ“…

TBA         - Justin Sun's lunch with Warren Buffett

What you said

"How much do you agree with this statement: "In order for the crypto space to grow, it needs more avenues where people can about it in a formalized setting (e.g. university courses).""

The average vote was 7. 35.7% of y'all voted a '10'!

"Why or why not?"

I would hope so! I mean the odd one or two could technically slip through but if there's no info for some currency/tokens that are out there, they can't be all that then - you are holding up a high watermark people! – We do our best! πŸ˜„ Half correct. The requirements have not been met for listing but that’s not the whole story. CMC could have a listing of coins / tokens with partial requirements met, indicate which and rate of progress. I think that list would be valuable insight to new projects and their progress. – That’s a good suggestion! πŸ€” i do refer to coinmarketcap mainly for tracking coins.. – Awesome to hear that! Very happy to have your support. πŸ‘ I trust the site – We work hard to keep that trust! indeed yes. well I'm yet to come across any coins that not listed on CMC. – We try to include as many as possible, but we do have a listings criteria. Because I trust you guys very much – Thank u! Depends on definition of legitimate - have personally traded coins on BitMax with hundreds of thousands of dollars on the board (supposedly) but having researched CoinCap previously - not a mention. – Well, we do have a listings criteria. Sometimes coins take time to satisfy that criteria.  Resistance is a legitimate and necessary part of the ecosystem and is not listed. Gekko has better more useful tools. – I agree. Resistance is important. πŸ”‘ None of my tokens/coin are listed, but they are still not scams. – What are they! Let us know and we can work towards getting them listed. πŸ˜„ If a coin is not listed on CMC it is because it doesn't meet the listing criteria. Still it could be a legitimate coin, not yet listed on any major exchange or meeting certain parameters. – True. Just wanted to hear your perspective on the matter.
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! πŸ’™

See you again tomorrow!

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