ICE chief believes Bitcoin can become digital gold but only if this happens
CoinMarketCap Daily Newsletter Bravery “Cowards die many times before their
deaths, the valiant never taste of death but once.” – William Shakespeare
November is here! Wow, down to the last 2 months of the year. Geez, time sure
does fly. I guess it's that time of the year again - for #noshavenovember. Who
else is w me?
Today in history (1894), Dr Roux of Paris revealed the
vaccine for diphtheria.
In today's newsletter, we will be covering ICE
chief saying Bitcoin needing "real use cases" to become
digital gold, Binance opening Beijing office amid China’s
renewed blockchain push and Swiss crypto bank getting approved for
a Singapore banking license. Today, we will also be
covering Grin (GRIN) 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!
Over the past 24 hours, markets bounced between a tight range of
~$244.4 billion and ~$248.5 billion, with most coins either seeing gains
or losses in the ~1-4% range. Total market capitalization currently stands at
~$244.7 billion. Notable movers of the day are Stellar (XLM) and Decred (DCR),
both up up ~7.4% and ~10.5% over yesterday. BTC is currently trading at
~$9,170, pretty much where it left off yesterday. On the daily chart, BTC is
testing its 21-day EMA support line, and RSI is at ~56, indicative of moderate
bullish momentum. BTC also got rejected, and failed break to the upside of its
lower highs and lower lows trading pattern it has been trading within since late
June this year.
During a quarterly earnings call on 31 Oct, Intercontinental
Exchange's chief executive Jeffrey Sprecher commented that while
Bitcoin (BTC) might become "digital gold", but it first needs to
be used more often in everyday businesses. Sprecher mentioned that he looks to
transactions as the key factor to BTC becoming a long-term store of value,
linking the possibility of BTC following a similar path as gold once did as a
currency before it became a store of value.
Sprecher also explained
the reason for its subsidiary Bakkt to start BTC options; that financial
institutions are still wary of entering the space, and many are waiting to see
how regulators approach crypto first. And so Bakkt hopes to tackle this
issue by providing a more regulated environment in the bitcoin ecosystem.
Malta-based crypto exchange Binance is building an office in
Beijing, joining the exchange's existing mainland China office in Shanghai.
Relations between Binance leadership and Chinese authorities seem
to have improved as of late, with the exchange publishing a report on the
country's plans to create a digital fiat currency and Binance CEO Changpeng Zhao
declaring on Twitter this week that he thinks the Chinese central bank
positively impacts the cryptocurrency industry.
Zhao also said via
Twitter that Binance has a "few million dollars a day" worth of volume from
Chinese users, particularly through the peer-to-peer function that became
accessible in China early this month. Swiss-based cryptocurrency bank
Sygnum has obtained approval, through the form of a a capital markets
services (CMS) license, to deliver banking services in Singapore
and to offer its first product to the Singapore market. It has become the first
Swiss company to attain the title of cryptocurrency bank and will be targeting
accredited investors and institutions via a multi-manager fund.
In a press
release, Sygnum head of asset management Stefan Mueller remarked that the CMS
license is key to creating their asset management arm, "leveraging the vibrant
financial environment in Singapore" and complementing their Swiss banking
services to benefit institutional and private qualified investor customers.
Crypto deep dive: Grin The gist of it
Why people love it Why people doubt it
Here are 5 Reasons to Attend The Capital Get full access here! New data from
marketing analysis company SEMRush revealed that Bitcoin (BTC) is the
3rd-most preferred online payment method in Italy.
Cryptocurrency startup
Knabu is partnering with one of the earliest enterprise blockchain businesses
Factom to pilot bank regulatory reporting.
Halloween 2019 marks the 11th
anniversary of anonymous creator Satoshi Nakamoto's release of the Bitcoin (BTC)
white paper.
TBA - Justin Sun's lunch with Warren Buffett How much do you
agree with this statement: "Bitcoin (BTC) has already proven itself to be a
viable store of value." Why or why not? Share with me in the polls! "How much
do you agree with this statement: "I would support my own country's central bank
digital currency (CBDC) if they released one."' The average vote was 5.7.
Interesting... 27.7% of y'all voted a '1', and 27.7% of y'all voted a '10' too!
Just, go Unsubscribe - Unsubscribe Preferences
CoinMarketCap Daily Newsletter Bravery “Cowards die many times before their
deaths, the valiant never taste of death but once.” – William Shakespeare
November is here! Wow, down to the last 2 months of the year. Geez, time sure
does fly. I guess it's that time of the year again - for #noshavenovember. Who
else is w me?
Today in history (1894), Dr Roux of Paris revealed thevaccine for diphtheria.
In today's newsletter, we will be covering ICEchief saying Bitcoin needing "real use cases" to become
digital gold, Binance opening Beijing office amid China’s
renewed blockchain push and Swiss crypto bank getting approved for
a Singapore banking license. Today, we will also be
covering Grin (GRIN) 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.
Happyreading!
Over the past 24 hours, markets bounced between a tight range of~$244.4 billion and ~$248.5 billion, with most coins either seeing gains
or losses in the ~1-4% range. Total market capitalization currently stands at
~$244.7 billion. Notable movers of the day are Stellar (XLM) and Decred (DCR),
both up up ~7.4% and ~10.5% over yesterday. BTC is currently trading at
~$9,170, pretty much where it left off yesterday. On the daily chart, BTC is
testing its 21-day EMA support line, and RSI is at ~56, indicative of moderate
bullish momentum. BTC also got rejected, and failed break to the upside of its
lower highs and lower lows trading pattern it has been trading within since late
June this year.
During a quarterly earnings call on 31 Oct, IntercontinentalExchange's chief executive Jeffrey Sprecher commented that while
Bitcoin (BTC) might become "digital gold", but it first needs to
be used more often in everyday businesses. Sprecher mentioned that he looks to
transactions as the key factor to BTC becoming a long-term store of value,
linking the possibility of BTC following a similar path as gold once did as a
currency before it became a store of value.
Sprecher also explainedthe reason for its subsidiary Bakkt to start BTC options; that financial
institutions are still wary of entering the space, and many are waiting to see
how regulators approach crypto first. And so Bakkt hopes to tackle this
issue by providing a more regulated environment in the bitcoin ecosystem.
Malta-based crypto exchange Binance is building an office in
Beijing, joining the exchange's existing mainland China office in Shanghai.
Relations between Binance leadership and Chinese authorities seem
to have improved as of late, with the exchange publishing a report on the
country's plans to create a digital fiat currency and Binance CEO Changpeng Zhao
declaring on Twitter this week that he thinks the Chinese central bank
positively impacts the cryptocurrency industry.
Zhao also said viaTwitter that Binance has a "few million dollars a day" worth of volume from
Chinese users, particularly through the peer-to-peer function that became
accessible in China early this month. Swiss-based cryptocurrency bank
Sygnum has obtained approval, through the form of a a capital markets
services (CMS) license, to deliver banking services in Singapore
and to offer its first product to the Singapore market. It has become the first
Swiss company to attain the title of cryptocurrency bank and will be targeting
accredited investors and institutions via a multi-manager fund.
In a pressrelease, Sygnum head of asset management Stefan Mueller remarked that the CMS
license is key to creating their asset management arm, "leveraging the vibrant
financial environment in Singapore" and complementing their Swiss banking
services to benefit institutional and private qualified investor customers.
Crypto deep dive: Grin The gist of it
Why people love it Why people doubt itHere are 5 Reasons to Attend The Capital Get full access here! New data from
marketing analysis company SEMRush revealed that Bitcoin (BTC) is the
3rd-most preferred online payment method in Italy.
Cryptocurrency startupKnabu is partnering with one of the earliest enterprise blockchain businesses
Factom to pilot bank regulatory reporting.
Halloween 2019 marks the 11thanniversary of anonymous creator Satoshi Nakamoto's release of the Bitcoin (BTC)
white paper.
TBA - Justin Sun's lunch with Warren Buffett How much do youagree with this statement: "Bitcoin (BTC) has already proven itself to be a
viable store of value." Why or why not? Share with me in the polls! "How much
do you agree with this statement: "I would support my own country's central bank
digital currency (CBDC) if they released one."' The average vote was 5.7.
Interesting... 27.7% of y'all voted a '1', and 27.7% of y'all voted a '10' too!
Just, go
Unsubscribe - Unsubscribe Preferences