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CoinMarketCap Daily Newsletter Perservere “Perseverance is failing 19
times and succeeding the 20th.” – Julie Andrews Happy Wednesday, CoinMarketCap
crew! Let's dive right into the crypto news hot off the press!
Today
also happens to be International Day of Non-Violence. Spread love y'all! Today
in history (1967), Thurgood Marshall was sworn in as the first-ever African-
American U.S. Supreme Court Justice.
In today's newsletter, we will be
covering BitShares' DEX gateway CryptoBridge implementing
mandatory KYC for users, Swiss regulator FINMA to not impede Libra’s development
and JPMorgan & Intel alums launching revenue-sharing
stablecoin USD Digital (USDD). Today, we also have an announcement from a
sponsor, Bitrue! 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 last 24 hours, total market capitalization
dipped from ~$222.9 billion to ~$219.2 billion, with most coins
seeing losses in the ~2-6% range. 24-hour volume registered ~$51.7 billion in
that time. BTC is currently trading at ~$8,260, down ~2.2% over yesterday. It
seems that BTC is likely to head back down to test the $8,000 support zone. It's
gonna be interesting to see if BTC can stay above this level, which it broke to
the upside of back in June. On the daily chart, the 50-day EMA line is close to
crossing to the downside of the 100-day EMA line, and RSI is at ~28.6
(indicative of strong bearish momentum).
BitShares Decentralized
Exchange's (DEX) gateway CryptoBridge has declared that it has
incorporated mandatory user Know-Your-Client (KYC) authentication.
CryptoBridge revealed that the company wished to challenge international
financial regulation, "facing the 5th EU Anti-Money Laundering Directive
(AMLD5)" by "adjusting our [their] gateway services to pave the way for
CryptoBridge moving forward". Users have to be identified before they
proceed to use the services, to protect customers and CryptoBridge from being
held responsible for potential illegal motives or money laundering. The AMLD5
regulation also speeds up the listing of security tokens on CryptoBridge.
Amidst problematic signs shown by European watchdogs toward Facebook's Libra
stablecoin, Switzerland continues to keep an "open mind, with an attitude
that same risks require same rules". For a long time, the country has been a
hub of cryptocurrency progress, and is home to "over 700 blockchain
companies, including the Geneva-based Libra Association" that oversees the
project.
According to Mark Branson, CEO of the Swiss Financial Market
Supervisory Authority (FINMA), Libra is transparent and he is instead more
fearful of "projects which develop in a dark corner in the financial system
somewhere".
Ex employees of Intel, JPMorgan and TrustToken have revealed a
revenue-sharing dollar-backed stablecoin, USDD Digital (USDD) token, under their
new Global Currency Organization (GCO). It claims to offer a 50-50
revenue sharing model, and transparency as it is built on the Ethereum (ETH)
blockchain. CEO Joe Vellanikaran says he saw the value in offering the
stablecoin, particularly in transporting money across markets, as it
reduces "long delays and conversion fees".
Masternodes are a server maintained
by its owner, somewhat like full nodes, but with additional functionalities such
as anonymizing transactions, clearing transactions, and participating in
governance and voting. It was initially popularized by Dash to reward owners of
these servers for maintaining a service for the blockchain. Bitrue Loans
has launched THIS WEEK! Pledge your coins in order to borrow BTC, XRP, ETH and
USDT! With industry leading LTV ratios of 70% and daily interest of just 0.04%,
Bitrue Loans presents the perfect opportunity to free up liquidity while you
hold your coins. Signing up is simple and free, so try it out today and discover
the future of finance! So far, The Capital has 929 ticket reservations from
North & South America, Africa, Oceana, Europe, and Asia! Partake in the global
discussion that is shaping crypto right now. Gain awareness of the
factors that will influence the crypto and blockchain spheres in
2020. Meet your future crypto bff, land a partnership, and expand your
social network - in person! Will you be our 930th? RCS Global, a Berlin-based
blockchain company, is using mine-to-market technology solutions
to combat conflict minerals in Congo.
Howard Surloff, a BlackRock and Goldman
Sachs veteran, has become general counsel of prime cryptocurrency wallet
provider, Blockchain.com.
Spring Labs, a blockchain startup, will be creating
a national property lien registry to track liens in a billion-dollar energy-
efficient loan market.
13 Oct - U.S. SEC's decision on the Bitwise
Asset Management's Bitcoin ETF application, under the NYSE Arca exchange (final
decision) TBA - Justin Sun's lunch with Warren Buffett How much do you agree
with this statement: "I believe that by 2025, the most widely used crypto
exchanges will be a decentralized ones." "How much do you agree with this
statement: "Binance has too much power in the space."" The average vote
was 6.4. "Why or why not?" Some may say so, but to be honest they extend a lot
to various programs in multiple countries and have fundraisers all the time;
their not just about IEOs and getting rich quick (probably why they're number
one a lot). – Yeah, the fact is they are really helping to drive adoption as
well. All the fiat on-ramps they’re building is truly helping the space.
They
open market for high transferred users – Yeah they do open up the markets
with all their very user-friendly exchanges. Kinda, but either they've
legitimately put in a lot of work in the mere 2ish years they've been open, or
they're BSing us and it'll fall apart eventually lol. Coinbase certainly
has a lot of power in this space too though. – Very true, Binance has
been on a tear for the past 2 years. And yes, Coinbase has a great deal of
influence too. There are many strong backers in Coinbase as well – for example,
a Singapore sovereign fund, one of the largest sovereign funds in the world, is
backing it! Heck, even tennis superstar Serena William’s fund is backing it lol.
I think Binance, like any strong business, has leveraged its
marketing, business savoir-faire, and negotiating skills in positive ways. This
has culminated into a fantastic business that is responsive to its customers and
enormously profitable to its stakeholders. It does all of this at cheap rates
that are highly competitive. – Very well said! Binance sure knows how to move
fast into newer markets. Their share of the crypto market is becoming huge. –
No doubttt. Think of all the fees they’ve collected in crypto for those coins
listed on their exchanges.
https://www.ccn.com/tron-investors-worry-about-
binances-trx-death-grip/ - Well… too late! Hahaha
Someone needs the Balls to
take on the establishment ! – Carlos matos is my pick I want to scream yes,
but how they use it also important. They do positive things, but some feels
dodgy to me, as abusing power. Wasn't there a thing with Bitcoin SV and after
that SV took off? – I think I’ve heard it somewhere, that ‘with great power
comes great responsibility’. Binance saw a market and they took it . They
have structure, great insight . They invest in tech and support . They also do
most things better than anyone else . – Yeah, can’t deny this. CZ is a sick man.
Never give up~
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CoinMarketCap Daily Newsletter Perservere “Perseverance is failing 19
times and succeeding the 20th.” – Julie Andrews Happy Wednesday, CoinMarketCap
crew! Let's dive right into the crypto news hot off the press!
Todayalso happens to be International Day of Non-Violence. Spread love y'all! Today
in history (1967), Thurgood Marshall was sworn in as the first-ever African-
American U.S. Supreme Court Justice.
In today's newsletter, we will becovering BitShares' DEX gateway CryptoBridge implementing
mandatory KYC for users, Swiss regulator FINMA to not impede Libra’s development
and JPMorgan & Intel alums launching revenue-sharing
stablecoin USD Digital (USDD). Today, we also have an announcement from a
sponsor, Bitrue! 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 last 24 hours, total market capitalizationdipped from ~$222.9 billion to ~$219.2 billion, with most coins
seeing losses in the ~2-6% range. 24-hour volume registered ~$51.7 billion in
that time. BTC is currently trading at ~$8,260, down ~2.2% over yesterday. It
seems that BTC is likely to head back down to test the $8,000 support zone. It's
gonna be interesting to see if BTC can stay above this level, which it broke to
the upside of back in June. On the daily chart, the 50-day EMA line is close to
crossing to the downside of the 100-day EMA line, and RSI is at ~28.6
(indicative of strong bearish momentum).
BitShares DecentralizedExchange's (DEX) gateway CryptoBridge has declared that it has
incorporated mandatory user Know-Your-Client (KYC) authentication.
CryptoBridge revealed that the company wished to challenge international
financial regulation, "facing the 5th EU Anti-Money Laundering Directive
(AMLD5)" by "adjusting our [their] gateway services to pave the way for
CryptoBridge moving forward". Users have to be identified before they
proceed to use the services, to protect customers and CryptoBridge from being
held responsible for potential illegal motives or money laundering. The AMLD5
regulation also speeds up the listing of security tokens on CryptoBridge.
Amidst problematic signs shown by European watchdogs toward Facebook's Libra
stablecoin, Switzerland continues to keep an "open mind, with an attitude
that same risks require same rules". For a long time, the country has been a
hub of cryptocurrency progress, and is home to "over 700 blockchain
companies, including the Geneva-based Libra Association" that oversees the
project.
According to Mark Branson, CEO of the Swiss Financial MarketSupervisory Authority (FINMA), Libra is transparent and he is instead more
fearful of "projects which develop in a dark corner in the financial system
somewhere".
Ex employees of Intel, JPMorgan and TrustToken have revealed arevenue-sharing dollar-backed stablecoin, USDD Digital (USDD) token, under their
new Global Currency Organization (GCO). It claims to offer a 50-50
revenue sharing model, and transparency as it is built on the Ethereum (ETH)
blockchain. CEO Joe Vellanikaran says he saw the value in offering the
stablecoin, particularly in transporting money across markets, as it
reduces "long delays and conversion fees".
Masternodes are a server maintainedby its owner, somewhat like full nodes, but with additional functionalities such
as anonymizing transactions, clearing transactions, and participating in
governance and voting. It was initially popularized by Dash to reward owners of
these servers for maintaining a service for the blockchain. Bitrue Loans
has launched THIS WEEK! Pledge your coins in order to borrow BTC, XRP, ETH and
USDT! With industry leading LTV ratios of 70% and daily interest of just 0.04%,
Bitrue Loans presents the perfect opportunity to free up liquidity while you
hold your coins. Signing up is simple and free, so try it out today and discover
the future of finance! So far, The Capital has 929 ticket reservations from
North & South America, Africa, Oceana, Europe, and Asia! Partake in the global
discussion that is shaping crypto right now. Gain awareness of the
factors that will influence the crypto and blockchain spheres in
2020. Meet your future crypto bff, land a partnership, and expand your
social network - in person! Will you be our 930th? RCS Global, a Berlin-based
blockchain company, is using mine-to-market technology solutions
to combat conflict minerals in Congo.
Howard Surloff, a BlackRock and GoldmanSachs veteran, has become general counsel of prime cryptocurrency wallet
provider, Blockchain.com.
Spring Labs, a blockchain startup, will be creatinga national property lien registry to track liens in a billion-dollar energy-
efficient loan market.
13 Oct - U.S. SEC's decision on the BitwiseAsset Management's Bitcoin ETF application, under the NYSE Arca exchange (final
decision) TBA - Justin Sun's lunch with Warren Buffett How much do you agree
with this statement: "I believe that by 2025, the most widely used crypto
exchanges will be a decentralized ones." "How much do you agree with this
statement: "Binance has too much power in the space."" The average vote
was 6.4. "Why or why not?" Some may say so, but to be honest they extend a lot
to various programs in multiple countries and have fundraisers all the time;
their not just about IEOs and getting rich quick (probably why they're number
one a lot). – Yeah, the fact is they are really helping to drive adoption as
well. All the fiat on-ramps they’re building is truly helping the space.
Theyopen market for high transferred users – Yeah they do open up the markets
with all their very user-friendly exchanges.
Kinda, but either they'velegitimately put in a lot of work in the mere 2ish years they've been open, or
they're BSing us and it'll fall apart eventually lol. Coinbase certainly
has a lot of power in this space too though. – Very true, Binance has
been on a tear for the past 2 years. And yes, Coinbase has a great deal of
influence too. There are many strong backers in Coinbase as well – for example,
a Singapore sovereign fund, one of the largest sovereign funds in the world, is
backing it! Heck, even tennis superstar Serena William’s fund is backing it lol.
I think Binance, like any strong business, has leveraged itsmarketing, business savoir-faire, and negotiating skills in positive ways. This
has culminated into a fantastic business that is responsive to its customers and
enormously profitable to its stakeholders. It does all of this at cheap rates
that are highly competitive. – Very well said! Binance sure knows how to move
fast into newer markets.
Their share of the crypto market is becoming huge. –No doubttt. Think of all the fees they’ve collected in crypto for those coins
listed on their exchanges.
https://www.ccn.com/tron-investors-worry-about-binances-trx-death-grip/ - Well… too late! Hahaha
Someone needs the Balls totake on the establishment ! – Carlos matos is my pick
I want to scream yes,but how they use it also important. They do positive things, but some feels
dodgy to me, as abusing power. Wasn't there a thing with Bitcoin SV and after
that SV took off? – I think I’ve heard it somewhere, that ‘with great power
comes great responsibility’.
Binance saw a market and they took it . Theyhave structure, great insight . They invest in tech and support . They also do
most things better than anyone else . – Yeah, can’t deny this. CZ is a sick man.
Never give up~
Unsubscribe - Unsubscribe Preferences
