Show the way
CoinMarketCap Daily Newsletter “A leader is one who knows the
way, goes the way, and shows the way.” – John C. Maxwell Over the weekend, as
with most other weekends, crypto markets were relatively quiet and we saw
total market capitalization bouncing within a tight range of ~$212.1
billion and ~$217.6 billion. However, just a few hours ago, total
market capitalization dipped below that range to ~$209 billion, but
quickly rebounded to ~$214.8 billion where it currently remains. 24-hour volume
registered an average of ~$50 billion over the weekend. BTC is currently
trading at ~$8,050. Just a few hours ago, it was trading below the
$8,000 mark at ~$7,840, for the first time since mid June 2019. The $8,000
region is one to take notice of, as it a moderate support level for BTC. Back in
mid May to mid June, BTC broke to the upside of this zone and shortly after
commenced its parabolic rise to ~$12,500. Should BTC break below this support
zone, we could very well see it falling back to $4,000-$6,000 range. On the
daily chart, the 50-day EMA line is also about to cross to the downside of its
100-day EMA line, signaling a bearish cycle approaching. RSI is at ~28,
indicative of strong bearish momentum as well. EnHelix Marketplace, a new
software based on the Hyperledger Fabric blockchain, has began
operations for commodities trading in the gas industry. The
software simplifies commodities trading with applications, backing
every step of the procedure - together with blockchain smart contracts,
the speed of trading activities increase, and "avoid data reconciliations
and messy data interfaces". The software has captivated the interest of 50
industry players, including consulting business Flexera Global. According to
Flexera COO, David Olson, EnHelix's blockchain system tackles various
problems within commodity trading such as errors, omissions, latency and
nefarious activity. Asian institutional investors, many who are high-
net-worth individuals and families new to digital assets, are expanding interest
in designating a small part of their portfolios to cryptocurrency hedge
funds. Jett Li, chief investment officer at Hong Kong-based
cryptocurrency hedge fund BBShares, affirmed that the speed of this
year's institutional investor allocation to cryptocurrency "has been much
faster", a sentiment similarly echoed by co-founder of cryptocurrency trading
business Amber Group's Tiantian Kullander. It is clear that solid developments
are finally happening in Asia, and being prepared before institutions use
capital to cryptocurrency simultaneously offers a first-mover advantage
to believers of institutional use. Open Academy, a new school in North Syria,
is tackling one of the area's biggest challenges - the absence of education for
young people due to the Syrian Civil War. Many students are interested
in Bitcoin (BTC) and blockchain, trusting that they deliver
reliability after years of turmoil. Many also believe that they can complement
its societal model, built on an ethos of decentralization. At school, they have
to grasp coding basics before completing blockchain projects.
A situation
where a sum of money is (illegitimately) spent more than once. It's so awesome
to hear that some of you have reserved your spot for The Capital! We're excited
for you to join our first face-to-face crypto event dedicated to the CMC
community. Here are 4 reasons you should attend The Capital! The things you'll
learn Listen, discuss, ponder, and repeat. Knowledge is power! The people you'll
meet - Leave Singapore with a wider social network - one that spans across
oceans The sights you'll see - Not to brag, but our venue is pretty dope!
Singapore also boasts some iconic architecture that makes for quality photos The
hope and motivation you'll gain Be encouraged by people who are running their
hardest to see the crypto dream become a reality. Who knows? You might end up
joining them, partnering up, or starting your own thing! If you do happen to
make it out, shoot me a message to let me know you're there! Hate going to a
conference alone? Invite your friends! Tickets are on us. The National
Basketball Association (NBA) stopped basketball player Spencer Dinwiddle from
tokenizing part of his contract earnings. All major lightning software clients
in Bitcoin (BTC)'s lightning network have been improved to fix a harmful
bug. American footwear brand New Balance has confirmed that it will use the
Cardano blockchain to help customers authenticate products. 29 Sept - U.S. SEC's
decision on the Wilshire Phoenix's Bitcoin and Treasury Investment Trust
ETF application, under the NYSE Arca exchange (initial decision) 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 Unsubscribe - Unsubscribe Preferences
CoinMarketCap Daily Newsletter “A leader is one who knows the
way, goes the way, and shows the way.” – John C. Maxwell Over the weekend, as
with most other weekends, crypto markets were relatively quiet and we saw
total market capitalization bouncing within a tight range of ~$212.1
billion and ~$217.6 billion. However, just a few hours ago, total
market capitalization dipped below that range to ~$209 billion, but
quickly rebounded to ~$214.8 billion where it currently remains. 24-hour volume
registered an average of ~$50 billion over the weekend. BTC is currently
trading at ~$8,050. Just a few hours ago, it was trading below the
$8,000 mark at ~$7,840, for the first time since mid June 2019. The $8,000
region is one to take notice of, as it a moderate support level for BTC. Back in
mid May to mid June, BTC broke to the upside of this zone and shortly after
commenced its parabolic rise to ~$12,500. Should BTC break below this support
zone, we could very well see it falling back to $4,000-$6,000 range. On the
daily chart, the 50-day EMA line is also about to cross to the downside of its
100-day EMA line, signaling a bearish cycle approaching. RSI is at ~28,
indicative of strong bearish momentum as well. EnHelix Marketplace, a new
software based on the Hyperledger Fabric blockchain, has began
operations for commodities trading in the gas industry. The
software simplifies commodities trading with applications, backing
every step of the procedure - together with blockchain smart contracts,
the speed of trading activities increase, and "avoid data reconciliations
and messy data interfaces". The software has captivated the interest of 50
industry players, including consulting business Flexera Global. According to
Flexera COO, David Olson, EnHelix's blockchain system tackles various
problems within commodity trading such as errors, omissions, latency and
nefarious activity. Asian institutional investors, many who are high-
net-worth individuals and families new to digital assets, are expanding interest
in designating a small part of their portfolios to cryptocurrency hedge
funds. Jett Li, chief investment officer at Hong Kong-based
cryptocurrency hedge fund BBShares, affirmed that the speed of this
year's institutional investor allocation to cryptocurrency "has been much
faster", a sentiment similarly echoed by co-founder of cryptocurrency trading
business Amber Group's Tiantian Kullander. It is clear that solid developments
are finally happening in Asia, and being prepared before institutions use
capital to cryptocurrency simultaneously offers a first-mover advantage
to believers of institutional use. Open Academy, a new school in North Syria,
is tackling one of the area's biggest challenges - the absence of education for
young people due to the Syrian Civil War. Many students are interested
in Bitcoin (BTC) and blockchain, trusting that they deliver
reliability after years of turmoil. Many also believe that they can complement
its societal model, built on an ethos of decentralization. At school, they have
to grasp coding basics before completing blockchain projects.
A situationwhere a sum of money is (illegitimately) spent more than once. It's so awesome
to hear that some of you have reserved your spot for The Capital! We're excited
for you to join our first face-to-face crypto event dedicated to the CMC
community. Here are 4 reasons you should attend The Capital! The things you'll
learn Listen, discuss, ponder, and repeat. Knowledge is power! The people you'll
meet - Leave Singapore with a wider social network - one that spans across
oceans The sights you'll see - Not to brag, but our venue is pretty dope!
Singapore also boasts some iconic architecture that makes for quality photos The
hope and motivation you'll gain Be encouraged by people who are running their
hardest to see the crypto dream become a reality. Who knows? You might end up
joining them, partnering up, or starting your own thing! If you do happen to
make it out, shoot me a message to let me know you're there! Hate going to a
conference alone? Invite your friends! Tickets are on us. The National
Basketball Association (NBA) stopped basketball player Spencer Dinwiddle from
tokenizing part of his contract earnings. All major lightning software clients
in Bitcoin (BTC)'s lightning network have been improved to fix a harmful
bug. American footwear brand New Balance has confirmed that it will use the
Cardano blockchain to help customers authenticate products. 29 Sept - U.S. SEC's
decision on the Wilshire Phoenix's Bitcoin and Treasury Investment Trust
ETF application, under the NYSE Arca exchange (initial decision) 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 Unsubscribe - Unsubscribe Preferences
