There’s just no way around it
CoinMarketCap Daily Newsletter “A lot of hard
work is hidden behind nice things.” – Ralph Lauren Over the last 24 hours,
total market capitalization dipped back down again from ~$221.5
billion to ~$218.5 billion, with most coins seeing either gains or losses
in the ~1-3% range. Seems like the market is seeming some consolidation
at these levels, following the large market downturn we saw late last
month. 24-hour volume registered ~$49.8 billion, pretty much at average
levels for the week. BTC is currently trading at ~$8,190, down ~1.15%
over yesterday. More consolidation going on at these levels for BTC as well. It
will be interesting to see if BTC can hold this $8,000 range, a level it faced
some difficulty breaking to the upside of in May - June this year. Breaking down
from this level could see BTC easily falling down to the $3,000 levels. On the
daily chart, the 50-day EMA line has crossed to the downside of the 100-day EMA
line, and RSI is at ~29 (indicative of strong bearish momentum). MakerDAO's
bounty program had a "critical" bug fixed right before its upcoming
Multi-Collateral Dai (MCD) upgrade that could have resulted in over 10%
of the system's combined collateral being put at risk. The bug was found by
HackerOne user "lucash-dev" during the testing phase, and he received a $50,000
reward for identifying it. It would have allowed an attacker to steal all
collateral placed in MCD during the liquidation stage, "possibly within a single
transaction". MakerDAO engineering head Wouter Kampmann assured that bug
tracking events like this were "routine", and was how they "make sure that it's
absolutely as secure as possible before you [they] launch it". The
Vanguard Group has been piloting a 2-month-old blockchain-enabled
platform that will make way for asset managers to trade currencies and
circumvent big investment banks simultaneously. Entering the global
currency market means that Vanguard could disrupt some leading investment
banks that have dominated the sector for decades. According to a spokesperson
for the investment group, Vanguard is “currently piloting a project
focused on improving the efficiency and reducing the risk of FX hedging." Stone
Ridge, an investment management business, is attempting to register a new
Bitcoin (BTC) futures fund with the U.S. Securities and
Exchange Commission (SEC). The new fund, NYDIG Bitcoin Strategy
Fund, is “a non-diversified, closed-end management investment company that
continuously offers its shares". The fund will only invest in cash-settled BTC
futures that are traded on SEC-registered commodity exchanges, and aims
to ultimately achieve capital appreciation. Other industry players have also
been surveying BTC futures, like Bakkt's physically-settled futures
trading and Binance's 2 new futures testnet platforms. Crypto deep dive:
Stratis What it’s about Why people love it Why people doubt it 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? Police of Indian city Pune have requested a court directive to
move frozen cryptocurrency seized from a Bitcoin (BTC) ponzi scheme. VC
Andreessen Horowitz has started its Crypto Startup School focusing on startups
planning to produce cryptocurrency-related initiatives. Crypto exchange Binance
has teamed up with Coinfirm, a cryptocurrency analytics startup, to bolster its
anti-money laundering (AML) compliance. 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 lot of hard
work is hidden behind nice things.” – Ralph Lauren Over the last 24 hours,
total market capitalization dipped back down again from ~$221.5
billion to ~$218.5 billion, with most coins seeing either gains or losses
in the ~1-3% range. Seems like the market is seeming some consolidation
at these levels, following the large market downturn we saw late last
month. 24-hour volume registered ~$49.8 billion, pretty much at average
levels for the week. BTC is currently trading at ~$8,190, down ~1.15%
over yesterday. More consolidation going on at these levels for BTC as well. It
will be interesting to see if BTC can hold this $8,000 range, a level it faced
some difficulty breaking to the upside of in May - June this year. Breaking down
from this level could see BTC easily falling down to the $3,000 levels. On the
daily chart, the 50-day EMA line has crossed to the downside of the 100-day EMA
line, and RSI is at ~29 (indicative of strong bearish momentum). MakerDAO's
bounty program had a "critical" bug fixed right before its upcoming
Multi-Collateral Dai (MCD) upgrade that could have resulted in over 10%
of the system's combined collateral being put at risk. The bug was found by
HackerOne user "lucash-dev" during the testing phase, and he received a $50,000
reward for identifying it. It would have allowed an attacker to steal all
collateral placed in MCD during the liquidation stage, "possibly within a single
transaction". MakerDAO engineering head Wouter Kampmann assured that bug
tracking events like this were "routine", and was how they "make sure that it's
absolutely as secure as possible before you [they] launch it". The
Vanguard Group has been piloting a 2-month-old blockchain-enabled
platform that will make way for asset managers to trade currencies and
circumvent big investment banks simultaneously. Entering the global
currency market means that Vanguard could disrupt some leading investment
banks that have dominated the sector for decades. According to a spokesperson
for the investment group, Vanguard is “currently piloting a project
focused on improving the efficiency and reducing the risk of FX hedging." Stone
Ridge, an investment management business, is attempting to register a new
Bitcoin (BTC) futures fund with the U.S. Securities and
Exchange Commission (SEC). The new fund, NYDIG Bitcoin Strategy
Fund, is “a non-diversified, closed-end management investment company that
continuously offers its shares". The fund will only invest in cash-settled BTC
futures that are traded on SEC-registered commodity exchanges, and aims
to ultimately achieve capital appreciation. Other industry players have also
been surveying BTC futures, like Bakkt's physically-settled futures
trading and Binance's 2 new futures testnet platforms. Crypto deep dive:
Stratis What it’s about Why people love it Why people doubt it 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? Police of Indian city Pune have requested a court directive to
move frozen cryptocurrency seized from a Bitcoin (BTC) ponzi scheme. VC
Andreessen Horowitz has started its Crypto Startup School focusing on startups
planning to produce cryptocurrency-related initiatives. Crypto exchange Binance
has teamed up with Coinfirm, a cryptocurrency analytics startup, to bolster its
anti-money laundering (AML) compliance. 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
