France is piloting its own digital currency too
CoinMarketCap Daily Newsletter
“Believe that with your feelings and your work you are taking part in the
greatest; the more strongly you cultivate this belief, the more will reality and
the world go forth from it.” - Rainer Maria Rilke In today's newsletter, we will
be covering: Bitfinex allowing Lightning Network shopping
on Bitrefill with Bitcoin Former Morgan
Stanley developers launching cryptocurrency derivatives
exchange France will be testing its central bank
digital currency in Q1 2020. Today, we also have our weekly
'Thursday think tank' section, courtesy of our friends over at Flipside
Crypto! Total Market Cap: ~$197.7 billion (~1.4%) BTC Price: ~$7,320
(~1.8%) 24-Hour Volume: ~$71.9 billion (~31.2%) BTC Dominance: ~67% (~0.45%)
Notable movers: Matic Network (MATIC) (~11.8%), Verge (XVG) (~9.3%),
Enjin Coin (ENJ) (~32.6%) BTC is currently trading at ~$7,320, up ~1.8%
over yesterday. In this week, BTC has been seen trading within a
tight range of ~$7,180 and ~$7,540. On the daily chart, BTC is still
trading below its 21-, 50- and 100-day EMA support lines, and RSI is
still at ~38.9, indicative of significant overhead 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.
How much do you agree with this statement: "I am against the idea of
Central Bank Digital Currencies (CBDCs)." Why or why not? Share
with me in the polls! Crypto exchange Bitfinex and crypto
store Bitrefill are collaborating to enable the trading platform's
clients to shop with Bitcoin (BTC) over the Lightning
Network. Bitfinex users can now pay for different services with
the BTC that they hold on the exchange.
Both companies credit the
development to the "world's first dynamic B2B settlement process over the
Lightning Network," and explained that they use "customized
versions of Lightning to open large channels together" and allow "better flow
and reliability to users". The partnership will let the exchange's
customers buy more than 2,000 various prepaid vouchers with BTC to cover the
costs of "services and products relevant to gaming, dining, entertainment,
travel and more." Bitrefill Chief Commercial Officer John Carvalho thinks that
Lightning adoption among exchanges is key because it is "integral to preparing
for the next wave of adoption and building out a parallel economy for Bitcoin."
8 former core developers from financial services business Morgan
Stanley have launched a new crypto derivatives trading platform in
Singapore, Phemex. The former developers claim that the platform is 10 times
faster than traditional crypto trading platforms, and offers
retail and institutional investors 100x leverage in Bitcoin (BTC),
Ethereum (ETH) and Ripple (XRP) perpetual contracts. The contracts will
supposedly be supported by traditional financial products like stock
indexes, foreign exchange and more in the future. Phemex Co-Founder Jack Tao
mentioned that they are the 1st to really bring "Wall Street level
sophistication to the worldwide crypto derivatives markets." He also
expressed confidence as executives from Morgan Stanley, "know[ing] what kind of
ways, what kind of direction, or what kind of architecture can support high-
frequency trading, stability and low latency."
France's central bank,
the Bank of France, intends to pilot a central bank digital
currency (CBDC) for financial institutions by the end of Q1 2020.
The Bank of France also confirmed the news on Twitter. The digital euro
pilot will only aim for private financial sector participants and will
not involve retail payments made by individuals, as a digital currency for
retail clients would "be subject to special vigilance." This initiative seeks to
strengthen the efficiency of the French financial system.
Also according to
the governor of the Bank of France, Francois Villeroy de Galhau, the initiative
also seeks to "assert French sovereignty over private digital currency
initiatives" like Facebook's Libra stablecoin. Bakkt CEO Kelly Loeffler has
officially been appointed to the U.S. Senate on 4 Dec by Georgia Governor Brian
Kemp.
Crypto exchange Gemini has hired a former senior executive from
U.K.-based Starling Bank, Julian Sawyer, to lead Gemini Europe.
The blockchain
and AI subsidiary of Chinese insurance giant Ping An Insurance, OneConnect
Financial Technology, has revealed the terms for its $468 million IPO.
If more
than half the computer power or mining hash rate on a network is run by a single
person or a single group of people, then a 51% attack is in operation. This
means that this entity has full control of the network and can negatively affect
a cryptocurrency by taking over mining operations, stopping or changing
transactions, and double-spending (reusing) coins. 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)! TBA - Justin Sun's lunch with Warren Buffett
"How much do you agree with this statement: "I am digging the new CoinMarketCap
jobs board."" The average vote was 6.1. 20.8% of y'all voted a '1', and 24.1%
of y'all voted a '10'! Trust yourself that you are part of something great~
Unsubscribe - Unsubscribe Preferences
CoinMarketCap Daily Newsletter
“Believe that with your feelings and your work you are taking part in the
greatest; the more strongly you cultivate this belief, the more will reality and
the world go forth from it.” - Rainer Maria Rilke In today's newsletter, we will
be covering: Bitfinex allowing Lightning Network shopping
on Bitrefill with Bitcoin Former Morgan
Stanley developers launching cryptocurrency derivatives
exchange France will be testing its central bank
digital currency in Q1 2020. Today, we also have our weekly
'Thursday think tank' section, courtesy of our friends over at Flipside
Crypto! Total Market Cap: ~$197.7 billion (~1.4%) BTC Price: ~$7,320
(~1.8%) 24-Hour Volume: ~$71.9 billion (~31.2%) BTC Dominance: ~67% (~0.45%)
Notable movers: Matic Network (MATIC) (~11.8%), Verge (XVG) (~9.3%),
Enjin Coin (ENJ) (~32.6%) BTC is currently trading at ~$7,320, up ~1.8%
over yesterday. In this week, BTC has been seen trading within a
tight range of ~$7,180 and ~$7,540. On the daily chart, BTC is still
trading below its 21-, 50- and 100-day EMA support lines, and RSI is
still at ~38.9, indicative of significant overhead 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.
How much do you agree with this statement: "I am against the idea ofCentral Bank Digital Currencies (CBDCs)." Why or why not? Share
with me in the polls! Crypto exchange Bitfinex and crypto
store Bitrefill are collaborating to enable the trading platform's
clients to shop with Bitcoin (BTC) over the Lightning
Network. Bitfinex users can now pay for different services with
the BTC that they hold on the exchange.
Both companies credit thedevelopment to the "world's first dynamic B2B settlement process over the
Lightning Network," and explained that they use "customized
versions of Lightning to open large channels together" and allow "better flow
and reliability to users". The partnership will let the exchange's
customers buy more than 2,000 various prepaid vouchers with BTC to cover the
costs of "services and products relevant to gaming, dining, entertainment,
travel and more." Bitrefill Chief Commercial Officer John Carvalho thinks that
Lightning adoption among exchanges is key because it is "integral to preparing
for the next wave of adoption and building out a parallel economy for Bitcoin."
8 former core developers from financial services business Morgan
Stanley have launched a new crypto derivatives trading platform in
Singapore, Phemex. The former developers claim that the platform is 10 times
faster than traditional crypto trading platforms, and offers
retail and institutional investors 100x leverage in Bitcoin (BTC),
Ethereum (ETH) and Ripple (XRP) perpetual contracts. The contracts will
supposedly be supported by traditional financial products like stock
indexes, foreign exchange and more in the future. Phemex Co-Founder Jack Tao
mentioned that they are the 1st to really bring "Wall Street level
sophistication to the worldwide crypto derivatives markets." He also
expressed confidence as executives from Morgan Stanley, "know[ing] what kind of
ways, what kind of direction, or what kind of architecture can support high-
frequency trading, stability and low latency."
France's central bank,the Bank of France, intends to pilot a central bank digital
currency (CBDC) for financial institutions by the end of Q1 2020.
The Bank of France also confirmed the news on Twitter. The digital euro
pilot will only aim for private financial sector participants and will
not involve retail payments made by individuals, as a digital currency for
retail clients would "be subject to special vigilance." This initiative seeks to
strengthen the efficiency of the French financial system.
Also according tothe governor of the Bank of France, Francois Villeroy de Galhau, the initiative
also seeks to "assert French sovereignty over private digital currency
initiatives" like Facebook's Libra stablecoin. Bakkt CEO Kelly Loeffler has
officially been appointed to the U.S. Senate on 4 Dec by Georgia Governor Brian
Kemp.
Crypto exchange Gemini has hired a former senior executive fromU.K.-based Starling Bank, Julian Sawyer, to lead Gemini Europe.
The blockchainand AI subsidiary of Chinese insurance giant Ping An Insurance, OneConnect
Financial Technology, has revealed the terms for its $468 million IPO.
If morethan half the computer power or mining hash rate on a network is run by a single
person or a single group of people, then a 51% attack is in operation. This
means that this entity has full control of the network and can negatively affect
a cryptocurrency by taking over mining operations, stopping or changing
transactions, and double-spending (reusing) coins. 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 eachcoin'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)! TBA - Justin Sun's lunch with Warren Buffett
"How much do you agree with this statement: "I am digging the new CoinMarketCap
jobs board."" The average vote was 6.1. 20.8% of y'all voted a '1', and 24.1%
of y'all voted a '10'! Trust yourself that you are part of something great~
Unsubscribe - Unsubscribe Preferences
