Think of what could happen
CoinMarketCap Daily Newsletter Possibilities abound
It's midweek. Hope everyone is having a great week so far. Time to dive into the
crypto news for the day!
Today in history (1851), the New York Times
began publishing at 2 cents per copy.
In today's newsletter, we will be
covering crypto exchange Huobi expanding to Argentina amid
peso devaluation, NEO Global Development announcing pilot network
for NEO3, and Japanese messaging app Line rolling out crypto
trading platform Bitmax. 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 rose from ~$266 billion to ~$271 billion, with most coins
seeing gains in the ~3-8%. BTC dominance dropped from ~69.3% to ~67.6%! - the
biggest single-day drop in months, indicative of a flow of capital investments
into the alts. 24-hour volume registered ~$65 billion, a ~30% uptick over the
past few days. Just to refresh everyone's memories, prior to the start of the
previous alt coin run in 2017, there was a BTC run, followed by a shift in
capital from BTC to the alts (sudden drop in BTC dominance). BTC is currently
trading at ~$10,220, pretty much where it was yesterday. BTC is still
trading below its 50-EMA line, with RSI at ~46.
Crypto
exchange Huobi is broadening to Argentina amid an increase in
cryptocurrency acceptance in the area to buffer against the inflationary
peso.
Plans to open a fiat gateway for the exchange in October means
that users can purchase cryptocurrencies using wire transfers, credit cards and
other common payment methods like Mercadopago. Market data provider
Statista reports that the country ranks fourth in its percentage of
cryptocurrency usage globally.
Demand is bolstered by its unstable
economic environment and Argentina's openness to the technology, making it the
"perfect entry point" for Huobi's cryptocurrency and blockchain
promotions. NEO Global Development (NGD) revealed in a press release that it is
launching the NEO3 Preview1 build on a pilot testing network. Although the
NEO3's official release is in 2020, the Preview1 build gives multiple insights
into architectural revisions and huge updates. NEO founder Erik Zhang
affirmed their advancement towards their "goal of delivering large-scale
commercial applications", aiming to "further accelerate NEO3's development to
overcome current roadblocks and deliver unmatched stability, throughput, and an
optimized developer experience". NEO also plans to build a global and open
cross-chain platform with Ontology to channel both organizations' strengths.
Line, a leading Japanese messaging corporation, has initiated its new
cryptocurrency trading platform Bitmax. Bitmax allows users to
trade 5 of the biggest cryptocurrencies by market capitalization:
Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC)
and XRP (XRP).
Newcomers to cryptocurrency trading can start with
small transactions of below 1,000 Japanese yen. The announcement further
stressed that Bitmax is different from Line's Singapore-based exchange
Bitbox that operates worldwide, outside of the U.S. and Japan. A tree structure
in cryptography, in which every leaf node is labelled with the hash of a data
block and every non-leaf node is labelled with the cryptographic hash of the
labels of its child nodes. Hash trees allow efficient and secure verification of
the contents of blockchains, as each change propagates upwards so verification
can be done by simply looking at the top hash. Hi y'all! Yesterday, we
released a new blog post covering the topic of "Market-Neutral
Derivatives Trading", as explained by us! Check out it out here!
Deloitte, a "Big 4" auditing firm, now allows staff to pay for their canteen
food with a mobile Bitcoin (BTC) wallet.
Crypto exchange
Binance has completed its strategic investment in Beijing-based crypto media
firm, Mars Finance.
U.S.-based bank Wells Fargo is to operate U.S. dollar-
linked stablecoin dubbed Wells Fargo Digital Cash.
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) 18 Oct - U.S. SEC's decision on the VanEck/SolidX
Bitcoin ETF application, under the Cboe BZX exchange (final decision) TBA
- ICE's Bakkt Bitcoin Daily Futures Contract updated launch timeline TBA
- Justin Sun's lunch with Warren Buffett How much do you agree with this
statement: "I enjoy reading crypto news more than traditional finance news."
"How much do you agree with this statement: "I do not think there will be as
strong an alt run in the next bull run as the one we saw in 2017."" The average
vote was 5.3. "Did you follow through with it? Why or why not?" I really
do support alts for the tech or dapps, abilities, etc. While it would be nice to
see growth on a whole bunch of different investments, I fear it might be a while
before people stop running and take the 'bitcoin blinders' off, as
far as main investing interest goes. More use-case-scenarios needed! – Yeah I
agree. It’s def gonna take a long long time before the industry becomes less
top-heavy (BTC/ ETH/ XRP dominant)
Absolutely I don't see why not 
history
repeats itself not that I hold a ton of altcoins myself or anything
–
Love the optimism haha
The bull run in your top alts will be much larger than
2017. Even retired people are starting to buy small amounts of litecoin and
bitcoin cash. Your crap coins will fall by the way side but the good alts
will see the largest rise yet! - Yeah, they have a higher delta. I believe
certain alt coins will do well. – I think a really small number will make it.
FI backing, more trading platforms with way more trading pairs, initial
governmental regulation globally, and greatly increased utilization on top of a
better educated public can only mean crazy speculatiin the likes of which have
never been seen before. – Open the flood gates! Bitcoin will be the next
bullrun. The altcoins need some more time but there will be altcoin season in 2
years. – Altcoins need some lovin too ): Alts will play a role in the future to
many degrees ! – I believe so too, but I think it’ll take some time.
The math
still boils down to $10,000 to $20,000 = 100%ROI vs $1 to $2 = 100%ROI which
seems much more conceivable. – Hahaha, think you’re looking at the wrong metric.
You should be looking at the market cap. It’s harder to go from $500m to
$1b market cap, than it is to go from $100k to $200k market cap. Hope so, but
it's distracting us from waht really important. Building on bitcoin. – Other
coins are important too haha. Many are attempting to disrupt very inefficient
industries. there will be an alt coin run, but now where close to 2017, and not
all coins will pump. but there are some good projects which will grown multiple
times in valuation. – I agree. The best is yet to be~
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CoinMarketCap Daily Newsletter Possibilities abound
It's midweek. Hope everyone is having a great week so far. Time to dive into the
crypto news for the day!
Today in history (1851), the New York Timesbegan publishing at 2 cents per copy.
In today's newsletter, we will becovering crypto exchange Huobi expanding to Argentina amid
peso devaluation, NEO Global Development announcing pilot network
for NEO3, and Japanese messaging app Line rolling out crypto
trading platform Bitmax. 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 marketcapitalization rose from ~$266 billion to ~$271 billion, with most coins
seeing gains in the ~3-8%. BTC dominance dropped from ~69.3% to ~67.6%! - the
biggest single-day drop in months, indicative of a flow of capital investments
into the alts. 24-hour volume registered ~$65 billion, a ~30% uptick over the
past few days. Just to refresh everyone's memories, prior to the start of the
previous alt coin run in 2017, there was a BTC run, followed by a shift in
capital from BTC to the alts (sudden drop in BTC dominance). BTC is currently
trading at ~$10,220, pretty much where it was yesterday. BTC is still
trading below its 50-EMA line, with RSI at ~46.
Cryptoexchange Huobi is broadening to Argentina amid an increase in
cryptocurrency acceptance in the area to buffer against the inflationary
peso.
Plans to open a fiat gateway for the exchange in October meansthat users can purchase cryptocurrencies using wire transfers, credit cards and
other common payment methods like Mercadopago. Market data provider
Statista reports that the country ranks fourth in its percentage of
cryptocurrency usage globally.
Demand is bolstered by its unstableeconomic environment and Argentina's openness to the technology, making it the
"perfect entry point" for Huobi's cryptocurrency and blockchain
promotions. NEO Global Development (NGD) revealed in a press release that it is
launching the NEO3 Preview1 build on a pilot testing network. Although the
NEO3's official release is in 2020, the Preview1 build gives multiple insights
into architectural revisions and huge updates.
NEO founder Erik Zhangaffirmed their advancement towards their "goal of delivering large-scale
commercial applications", aiming to "further accelerate NEO3's development to
overcome current roadblocks and deliver unmatched stability, throughput, and an
optimized developer experience". NEO also plans to build a global and open
cross-chain platform with Ontology to channel both organizations' strengths.
Line, a leading Japanese messaging corporation, has initiated its new
cryptocurrency trading platform Bitmax. Bitmax allows users to
trade 5 of the biggest cryptocurrencies by market capitalization:
Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC)
and XRP (XRP).
Newcomers to cryptocurrency trading can start withsmall transactions of below 1,000 Japanese yen. The announcement further
stressed that Bitmax is different from Line's Singapore-based exchange
Bitbox that operates worldwide, outside of the U.S. and Japan. A tree structure
in cryptography, in which every leaf node is labelled with the hash of a data
block and every non-leaf node is labelled with the cryptographic hash of the
labels of its child nodes. Hash trees allow efficient and secure verification of
the contents of blockchains, as each change propagates upwards so verification
can be done by simply looking at the top hash. Hi y'all! Yesterday, we
released a new blog post covering the topic of "Market-Neutral
Derivatives Trading", as explained by us! Check out it out here!
Deloitte, a "Big 4" auditing firm, now allows staff to pay for their canteen
food with a mobile Bitcoin (BTC) wallet.
Crypto exchangeBinance has completed its strategic investment in Beijing-based crypto media
firm, Mars Finance.
U.S.-based bank Wells Fargo is to operate U.S. dollar-linked stablecoin dubbed Wells Fargo Digital Cash.
29 Sept - U.S. SEC'sdecision 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) 18 Oct - U.S. SEC's decision on the VanEck/SolidX
Bitcoin ETF application, under the Cboe BZX exchange (final decision) TBA
- ICE's Bakkt Bitcoin Daily Futures Contract updated launch timeline TBA
- Justin Sun's lunch with Warren Buffett How much do you agree with this
statement: "I enjoy reading crypto news more than traditional finance news."
"How much do you agree with this statement: "I do not think there will be as
strong an alt run in the next bull run as the one we saw in 2017."" The average
vote was 5.3. "Did you follow through with it? Why or why not?" I really
do support alts for the tech or dapps, abilities, etc. While it would be nice to
see growth on a whole bunch of different investments, I fear it might be a while
before people stop running and take the 'bitcoin blinders' off, as
far as main investing interest goes. More use-case-scenarios needed! – Yeah I
agree. It’s def gonna take a long long time before the industry becomes less
top-heavy (BTC/ ETH/ XRP dominant)
Absolutely I don't see why not historyrepeats itself not that I hold a ton of altcoins myself or anything
–Love the optimism haha
The bull run in your top alts will be much larger than2017. Even retired people are starting to buy small amounts of litecoin and
bitcoin cash. Your crap coins will fall by the way side but the good alts
will see the largest rise yet! - Yeah, they have a higher delta. I believe
certain alt coins will do well. – I think a really small number will make it.
FI backing, more trading platforms with way more trading pairs, initial
governmental regulation globally, and greatly increased utilization on top of a
better educated public can only mean crazy speculatiin the likes of which have
never been seen before. – Open the flood gates!
Bitcoin will be the nextbullrun. The altcoins need some more time but there will be altcoin season in 2
years. – Altcoins need some lovin too ): Alts will play a role in the future to
many degrees ! – I believe so too, but I think it’ll take some time.
The mathstill boils down to $10,000 to $20,000 = 100%ROI vs $1 to $2 = 100%ROI which
seems much more conceivable. – Hahaha, think you’re looking at the wrong metric.
You should be looking at the market cap. It’s harder to go from $500m to
$1b market cap, than it is to go from $100k to $200k market cap. Hope so, but
it's distracting us from waht really important. Building on bitcoin. – Other
coins are important too haha. Many are attempting to disrupt very inefficient
industries. there will be an alt coin run, but now where close to 2017, and not
all coins will pump. but there are some good projects which will grown multiple
times in valuation. – I agree. The best is yet to be~
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