It’s all up to you
CoinMarketCap Daily Newsletter In control “Life is
10% what happens to you and 90% how you react to it.” – Charles R. Swindoll
Happy midweek! Grab your cuppa tea and dive right into today's very China-
focused newsletter.
Today in history (1947), the World Trade Organization
(WTO)'s foundation, the General Agreement on Tariffs and Trade (GATT), was
formed.
In today's newsletter, we will be covering China announcing a new
regulatory authority to certify digital payments and blockchain
Products, China warning against cryptocurrency ‘speculation’ amid
blockchain hype and Tencent to draft international
blockchain-based invoice standards. 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 ~$247.7 billion and ~$252.8 billion,
with most coins either seeing gains or losses in the ~1-3% range. Total market
capitalization currently stands at ~$248.3 billion. BTC is currently
trading at ~$9,260, down ~0.7% over yesterday. On the daily chart, BTC is
still holding its 21-day EMA support line, and RSI is at ~53, indicative
of moderate bullish momentum. BTC is still looking to break to the upside of its
lower highs and lower lows trading pattern it has been trading within since late
June this year.
China's central bank, the People's Bank of China, will
authenticate 11 types of financial technology hardware and
software often used for digital payment and blockchain offerings
using its new verification system known as the Certification of Fintech
Products.
The new regulatory system accommodates all products that
can be involved in digital payment technologies like "point-of-sale mobile
terminals, embedded application software, user front-end software, and security
carriers and chips". Applicants whose products pass the prototype examination
and on-site assessments will receive a Certification of Fintech Product (CFP),
which will be reviewed and renewed every 3 years. Chinese news outlet the
People's Daily recently came out to to clarify that Beijing's previously-
announced support for blockchain should not be read as support for
crypto. The outlet cautioned about the "speculation" of
cryptocurrencies like Bitcoin (BTC), and highlighted that "we [they] must
remain rational".
The publication also wrote that “the rise of
blockchain technology was accompanied by that of cryptocurrencies,
but innovation in blockchain technology does not mean we should
speculate in virtual currencies.” Global Times recently reported that
internet giant and parent company to WeChat, Tencent, has gotten approval
from China's tax officials to draft blockchain-based invoice
standards.
Tencent’s blockchain invoice project was also
backed by multiple countries including the U.K., Switzerland, Sweden and Brazil,
as well as China’s State Administration of Taxation, at the recent ITU-T
international meeting on e-voice standards. Blockchain-based
invoices aggregate and distribute information for commercial transactions
usually among permissioned parties. Tencent will work with The China Academy of
Information and Communications Technology and the Shenzhen Taxation Bureau on
the initial standards drafts. According to the director of blockchain
research at the China Electronics Standardisation Institute, Li Ming, the move
to create standards shows how important business applications are for blockchain
technology, as it could "promote tech development". A technical design document
providing information to the Bitcoin community, describing new proposed
features, processes or environments affecting the Bitcoin protocol.
Suggested changes to the protocol are submitted as a BIP. The BIP author is
responsible for soliciting feedback and consensus for his or her suggested
improvements within the community, and documenting dissenting opinions. 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! German startup Iconic is trying to
list a Bitcoin (BTC) exchange-traded note (ETN) on the Frankfurt and Luxembourg
stock exchanges.
Russia's internet ombudsman-owned Russian Mining Company
(RMC) intends to reuse a metal factory to open a new facility and mine 20% of
the international market's Bitcoin (BTC).
Samsung has incorporated Tron (TRX)
support to its decentralized app (DApp) store, the Samsung Blockchain Keystore
SDK v1.2.0.
TBA - Justin Sun's lunch with Warren Buffett How much do you
agree with this statement: "Manipulation in the crypto markets is something that
bothers me." Why or why not? Share with me in the polls! "How much do you
agree with this statement: "The crypto space is finally starting to get
interesting again."" The average vote was 7.9. 45.7% of y'all voted a '10'.
You're in control
Unsubscribe - Unsubscribe Preferences
CoinMarketCap Daily Newsletter In control “Life is
10% what happens to you and 90% how you react to it.” – Charles R. Swindoll
Happy midweek! Grab your cuppa tea and dive right into today's very China-
focused newsletter.
Today in history (1947), the World Trade Organization(WTO)'s foundation, the General Agreement on Tariffs and Trade (GATT), was
formed.
In today's newsletter, we will be covering China announcing a newregulatory authority to certify digital payments and blockchain
Products, China warning against cryptocurrency ‘speculation’ amid
blockchain hype and Tencent to draft international
blockchain-based invoice standards. 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, marketsbounced between a tight range of ~$247.7 billion and ~$252.8 billion,
with most coins either seeing gains or losses in the ~1-3% range. Total market
capitalization currently stands at ~$248.3 billion. BTC is currently
trading at ~$9,260, down ~0.7% over yesterday. On the daily chart, BTC is
still holding its 21-day EMA support line, and RSI is at ~53, indicative
of moderate bullish momentum. BTC is still looking to break to the upside of its
lower highs and lower lows trading pattern it has been trading within since late
June this year.
China's central bank, the People's Bank of China, willauthenticate 11 types of financial technology hardware and
software often used for digital payment and blockchain offerings
using its new verification system known as the Certification of Fintech
Products.
The new regulatory system accommodates all products thatcan be involved in digital payment technologies like "point-of-sale mobile
terminals, embedded application software, user front-end software, and security
carriers and chips". Applicants whose products pass the prototype examination
and on-site assessments will receive a Certification of Fintech Product (CFP),
which will be reviewed and renewed every 3 years. Chinese news outlet the
People's Daily recently came out to to clarify that Beijing's previously-
announced support for blockchain should not be read as support for
crypto. The outlet cautioned about the "speculation" of
cryptocurrencies like Bitcoin (BTC), and highlighted that "we [they] must
remain rational".
The publication also wrote that “the rise ofblockchain technology was accompanied by that of cryptocurrencies,
but innovation in blockchain technology does not mean we should
speculate in virtual currencies.” Global Times recently reported that
internet giant and parent company to WeChat, Tencent, has gotten approval
from China's tax officials to draft blockchain-based invoice
standards.
Tencent’s blockchain invoice project was alsobacked by multiple countries including the U.K., Switzerland, Sweden and Brazil,
as well as China’s State Administration of Taxation, at the recent ITU-T
international meeting on e-voice standards. Blockchain-based
invoices aggregate and distribute information for commercial transactions
usually among permissioned parties. Tencent will work with The China Academy of
Information and Communications Technology and the Shenzhen Taxation Bureau on
the initial standards drafts. According to the director of blockchain
research at the China Electronics Standardisation Institute, Li Ming, the move
to create standards shows how important business applications are for blockchain
technology, as it could "promote tech development". A technical design document
providing information to the Bitcoin community, describing new proposed
features, processes or environments affecting the Bitcoin protocol.
Suggested changes to the protocol are submitted as a BIP. The BIP author is
responsible for soliciting feedback and consensus for his or her suggested
improvements within the community, and documenting dissenting opinions. 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! German startup Iconic is trying to
list a Bitcoin (BTC) exchange-traded note (ETN) on the Frankfurt and Luxembourg
stock exchanges.
Russia's internet ombudsman-owned Russian Mining Company(RMC) intends to reuse a metal factory to open a new facility and mine 20% of
the international market's Bitcoin (BTC).
Samsung has incorporated Tron (TRX)support to its decentralized app (DApp) store, the Samsung Blockchain Keystore
SDK v1.2.0.
TBA - Justin Sun's lunch with Warren Buffett How much do youagree with this statement: "Manipulation in the crypto markets is something that
bothers me." Why or why not? Share with me in the polls! "How much do you
agree with this statement: "The crypto space is finally starting to get
interesting again."" The average vote was 7.9. 45.7% of y'all voted a '10'.
You're in control
Unsubscribe - Unsubscribe Preferences
