Unshackled

Aragon

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Jul 10, 2023
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Unshackled

CoinMarketCap Daily Newsletter Stay free “Life without liberty is
like a body without spirit.” – Khalil Gibran Happy Thursday, folks! Time for
your daily dose of crypto news! 💊 Today in history (2333BC), Dangun
Wanggeom founded the State of Gojoseon, or modern-day Korea, during Chinese
Emperor Yao's reign. 🇰🇷 In today's newsletter, we will be covering US
lawmakers asking the Federal Reserve about national digital
currency, 6 major Japanese brokerages forming a security token offering
association and Samsung-backed Blocko launching in the UAE after a
Dubai blockchain push. Today, we also have our weekly 'Thursday think
tank' section, courtesy of our friends over at Flipside Crypto! So be
sure to check that out below! 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! 📚 Relatively uneventful day in the crypto markets. Over
the last 24 hours, total market capitalization rose slightly from ~$219.2
billion to ~$221.5 billion, with most coins seeing gains in the ~1-3%
range. 24-hour volume registered ~$44.7 billion, experiencing steady drops
throughout the week. BTC is currently trading at ~$8,310, up ~0.4% over
yesterday. On the daily chart, the 50-day EMA line has crossed to the downside
of the 100-day EMA line, and RSI is at ~28.6. 👀 U.S. Representatives French
Hill and Bill Foster communicated worries to the Federal Reserve that the U.S.
dollar's significance could be in danger "from wide adoption of digital
fiat currencies", and asked if there were plans to launch a U.S. dollar
digital currency. 🤔 They noted that the Federal Reserve has the power to create
a more secure, stable and flexible monetary and financial system by doing
so. However, a previous report stated that central banks are unlikely to
cooperate, as it made "no sense to have something that complicated out there
when you have large, liquid capital markets in the U.S. The Japan STO
Association, a self-regulatory organization (SRO) for security token offerings
(STOs), has been created by 6 leading Japanese brokerages. This comes a few
months before regulations will be implemented on the public sale of coins in the
country, treating the offerings like those of conventional securities and
requiring detailed disclosures. This new association will offer institutional
support to STOs, and will contain new and old members like Daiwa
Securities, Nomura Securities and Rakuten Securities. 👪 It plans
to put together expertise on securities businesses to explore and develop STO's
business opportunities. Samsung-backed South Korean enterprise blockchain
provider Blocko has begun operations in the United Arab Emirates (UAE)
after fund-raising in Europe and the Asia Pacific. 👾 Dubai has made several
efforts to drive the initiative forward, like regulatory reforms and a city-wide
blockchain project in partnership with IBM. Immediately after the
launch, Blocko started a partnership with conglomerate SEED Group, part of royal
family member Sheikh Saeed bin Ahmed Al Maktoum’s private office. 🤴
Blocko, which currently supports over 20 enterprise clients and aims for 25
million daily users, will be working with operating platform Aergo to execute
hybrid public-private blockchain technology for UAE's enterprises and
government. A directed acyclic graph or DAG is a structure that is built out in
one single direction and in such a way that it never repeats. Our friends over
at Flipside Crypto have produced data revealing the most under- and
overvalued coins for the week! 🧐 The scores you see below refer to the ratio of
each coin's current FCAS rating to its current market capitalization, both
standardized to a 1000-point scale. A score above 1 reflects an undervalued
coin, and a score below 1 indicates an overvalued asset! Hold your horses!
Before you go ahead and jump right into investing, always remember to first
D.Y.O.R (Do your own research)! Bitrue Loans has launched THIS WEEK! Pledge your
coins in order to borrow BTC, XRP, ETH and USDT! With industry leading LTV
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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? Broadridge Financial Solutions will be
acquiring fintech business Shadow Financial Systems and offer cryptocurrency
services. ☝ Telegram's Telegram Open Network (TON) is on schedule
for a planned late-October launch. 🔓 Parity Technologies updates Parity Signer
to convert old phones into offline cryptocurrency wallets. 📱 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 On a scale of 1-10 (10 being most interested), how interested are
you to try out Telegram's Telegram Open Network (TON)? "I believe that by 2025,
the most widely used crypto exchanges will be a
decentralized ones."" The average vote was 7.6. "Why or why not?"
Centralization is for the institutional dinosaurs of the past. The future is
decentralized and fast. – Get on the train or get left behind. 😂 By 2025 the us
dollar will be burnt toast. All purchases will be made with crypto. – Hahaha I
doubt that. I believe there’s a place for both currencies. 👍 Another level of
abstraction... Traders should be able to setup their own exchange. You can
achieve this now using multiple wallets that have different coins. "Centralised"
anything is proving to be the consistent problem! – Well in decentralized
exchanges you get to keep your private key! 🤔 Most people are sheep and
listen to the bullshit and I think will take the easy path centralized – That’s
why the UI of DEXes need to be top notch, so it to even have a semblance at a
shot at overtaking centralized exchanges. It still too soon to be sure but it
seems to make sense. – Yea, think so too. Because the crypto community likes
being anonymous, it's how it should be, and dx's will persevere – I hope so! 👍
It is going to take time and 5 years will put us about 1/2 way. People do not
like change. - I don't even think it'll happen tbh. 😂 To me that’s the crux of
it; whether, as a species, we chose security or freedom with our next big shift?
That decision informs our stage of development, humanity’s readiness to take on
individual responsibility, on a global scale. - Yeah, doubt we're ready to take
that leap though. Most aren't even aware of the lack of freedom they currently
have. decentralised & peer to peer will have larger share.. also hope full a
lot of use case will be available where we will using alts for services &
products... - Hope so too! Power to the people!!! – Yeah! 😄 Be free! 🕊
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