Venturing out there
CoinMarketCap Daily Newsletter Adventure “Adventure is
worthwhile.” – Aesop Hidey ho, crypto pal! Good to see you back here
again!
Hope those pesky Monday blues didn't get to you yesterday. Today in
history (1879), the carbonized cotton filament light bulb was perfected by
Thomas Edison.
In today's newsletter, we will be covering Japan’s 3rd
largest bank completing its blockchain trade finance test, Binance
joining the council of Kakao’s blockchain project and
Fortnite meeting Bitcoin lightning network in new ‘Lightnite’
video game. Also, in our 'Tutorial Tuesday' section, we have another well put
together educational video by crypto educational content provider,
Goodbit! 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 stayed within a tight
range of ~$224.4 billion to ~$221.9 billion, with most coins
either seeing gains or losses in the ~1-3% range. Total market
capitalization currently stands at ~$223.7 billion. 24-hour volume
registered ~$59 billion. BTC is currently trading at ~$8,270,
pretty much at the same level as it was at yesterday. We are seeing persisting
consolidation at these levels, indicative that market participants are
rather indecisive at the moment. On the daily chart, BTC is currently
challenging its 100-day EMA line, for the second time since it broke below it
mid-Sept. RSI is at ~43.7.
Japan's 3rd-biggest bank by assets, Sumitomo
Mitsui Banking Corporation (SMBC), is slated to use R3's Marco Polo trade
finance blockchain commercially by year-end, after successfully
completing a cross-border proof-of-concept test. Participants included
Japanese general trading company Mitsui & Co, Thailand's 3rd-largest bank
Bangkok Bank and Thai petrochemicals firm Indorama Ventures. Marco Polo, which
uses the open-source Corda network, paves the way for highly-efficient
data reconciliation, an improvement from the current inefficient manual and
paper-based trade financing process.
Binance is teaming up with Kakao-led
blockchain project Klatyn's governance council to drive the mass usage of
blockchain technologies. It joins 24 other member companies including
Celltrion, LG Electronics and more, to help make important decisions for the
project's business and technical advancements.
As the first
blockchain company to take part in the council, Binance will also be
joining the consensus node operation. Bitcoin-enabled (BTC) games
startup, Satoshis Games, has announced the creation of Lightnite - a Fortnite-
like game that has built-in Lightning Network microtransactions.
Players will be able to earn BTC by interacting with other players, such
as by damaging each other or by picking up in-game items that have a BTC value
from dead players.
Users can choose between a "Bitcoin-enabled and a
Bitcoin-less mode" . The developer hopes that this expands the game's appeal to
a bigger audience and that non-BTC users will "eventually get attracted by the
enhanced interactivity allowed by the Bitcoin-integration and start
experimenting with this innovative technology". A ledger designed with
restrictions, such that only people or organizations requiring access
have permission to access it. In this week's Tutorial Tuesday, our
friends over at Goodbit have created an educational video on 'What is 2FA?'
Class is in session. Check it out here! It's happening! In less than a month,
join 1500+ attendees, 70+ speakers and 15 sponsors at the gorgeous Victoria
Theatre for a one-of-a-kind crypto experience. We have just a few FULL
admission tickets remaining. $199 gets you full access to The Capital, food &
beverages throughout the conference, fine-dining lunch provided by Sinfonia, and
a ticket to our VIP after-party at Capital by Zouk! To register, click
here! Director of the U.S. Financial Crimes Enforcement Network (FinCEN),
Kenneth Blanco, recently clarified that Anti-Money Laundering (AML) laws also
apply to cryptocurrency
Another 4 leading institutions, including major banks
Shinhan and NH Nonghyup, have joined the Initial DID Association - the South
Korean government-backed decentralized identity initiative.
Indian university
Malla Reddy Engineering College for Women, has created a blockchain-based
voting system for online ballots.
TBA - Justin Sun's lunch with Warren
Buffett On a scale of 1-10 (10 being most useful), how useful would a blockchain
enterprise solution be for the company you're currently working in? Why do you
say so? Share with me in the polls! "On a scale of 1-10 (10 being most
comfortable), how comfortable would you be in having the majority of your
overall investment portfolio in crypto?" The average vote was 6.
20.5% of y'all voted a '10'. High risk for high reward – Ooo daredevil
Risk to reward ratio is higher – Possibly. Can you stomach the swings though?
Because the money system is going to collapse. – Inb4 currency crisis.
Against prudent investment ethics. A percentage yes but eggs in one
basket comes to mind! Let’s keep our feet on the ground. – Yeah, best to
stay diversified across asset classes too.
Always told not to put all my
eggs in one basket. Cryptocurrency still a gamble. – Well worth the punt, I must
say.
blockchain tech is still on it's infancy but growing fast, so will give
10/10 in 5-7 years... – Yeah it’s def gonna take some time.
"Investing" in crypto is kind of a misnomer IMO. They're primarily
just payment methods (ie would you be "investing" in Yen-JPY?). Regardless, you
gotta diversify your investments, so I would never want the majority of mine in
crypto. - Not true. Look at PoS coins that give you a return if you stake
them. I believe in the hedge cushion of diversification – Same here! No
electricity means no crypto trading. I have hard assets for WHEN the
stock market crashes. Au, Ag, Defence, Food Water. – Interesting hedging
strategy… What about precious metals though? Those seem to fit
into your strategy.
I already do. - Gangsta I'm young and bullish. –
Should def take more risks when you’re young. Precious metals and
crypto’s are where it’s at! – Oooooh, complimentary assets! It can be
turned of suddenly by any Government!! – Isn’t that cash? Plus govts can just
erase bank accounts too. Governments turning off crypto is less likely.
Too volatile and risky, limiting to 10% of net worth at this time – Sensible.
Come on man, we are all millennials. We don't have much of a choice.
Crypto is our ticket outta here. – Ticket outta poverty hahaha. Well, I
don’t think so. Investing in low expense index funds can get you there as well.
Don’t underestimate the power of compounding. E.g. the S&P has a historical
annualized rate of return of 8-9%, and that can really add up quick.
Putting
all your eggs in one basket is a bad idea. – Agree. It already is, and I'm at
peace.I won't go crazy and sell my holiday home for more crypto, but 65% in
crypto, the rest gold, silver and diamonds. {I've never trusted banks, precious
metals can be worn and kept in safe}. The traditional stock market not my cup of
tea, especially after watching dirty money on Netflix. So yes, if I can't access
it 24/7 it not really my money i believe. – Hmm take a look at index funds… They
make sense too. i think for now a balanced portfolio is better.. also it
depends on what you are holding.. if its BTC as investment its good. for other
coins i don't think so. – BTC is king!
Seek the unknown Unsubscribe -
Unsubscribe Preferences
CoinMarketCap Daily Newsletter Adventure “Adventure is
worthwhile.” – Aesop Hidey ho, crypto pal! Good to see you back here
again!
Hope those pesky Monday blues didn't get to you yesterday. Today inhistory (1879), the carbonized cotton filament light bulb was perfected by
Thomas Edison.
In today's newsletter, we will be covering Japan’s 3rdlargest bank completing its blockchain trade finance test, Binance
joining the council of Kakao’s blockchain project and
Fortnite meeting Bitcoin lightning network in new ‘Lightnite’
video game. Also, in our 'Tutorial Tuesday' section, we have another well put
together educational video by crypto educational content provider,
Goodbit! 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 stayed within a tight
range of ~$224.4 billion to ~$221.9 billion, with most coins
either seeing gains or losses in the ~1-3% range. Total market
capitalization currently stands at ~$223.7 billion. 24-hour volume
registered ~$59 billion. BTC is currently trading at ~$8,270,
pretty much at the same level as it was at yesterday. We are seeing persisting
consolidation at these levels, indicative that market participants are
rather indecisive at the moment. On the daily chart, BTC is currently
challenging its 100-day EMA line, for the second time since it broke below it
mid-Sept. RSI is at ~43.7.
Japan's 3rd-biggest bank by assets, SumitomoMitsui Banking Corporation (SMBC), is slated to use R3's Marco Polo trade
finance blockchain commercially by year-end, after successfully
completing a cross-border proof-of-concept test. Participants included
Japanese general trading company Mitsui & Co, Thailand's 3rd-largest bank
Bangkok Bank and Thai petrochemicals firm Indorama Ventures. Marco Polo, which
uses the open-source Corda network, paves the way for highly-efficient
data reconciliation, an improvement from the current inefficient manual and
paper-based trade financing process.
Binance is teaming up with Kakao-ledblockchain project Klatyn's governance council to drive the mass usage of
blockchain technologies. It joins 24 other member companies including
Celltrion, LG Electronics and more, to help make important decisions for the
project's business and technical advancements.
As the firstblockchain company to take part in the council, Binance will also be
joining the consensus node operation. Bitcoin-enabled (BTC) games
startup, Satoshis Games, has announced the creation of Lightnite - a Fortnite-
like game that has built-in Lightning Network microtransactions.
Players will be able to earn BTC by interacting with other players, such
as by damaging each other or by picking up in-game items that have a BTC value
from dead players.
Users can choose between a "Bitcoin-enabled and aBitcoin-less mode" . The developer hopes that this expands the game's appeal to
a bigger audience and that non-BTC users will "eventually get attracted by the
enhanced interactivity allowed by the Bitcoin-integration and start
experimenting with this innovative technology". A ledger designed with
restrictions, such that only people or organizations requiring access
have permission to access it. In this week's Tutorial Tuesday, our
friends over at Goodbit have created an educational video on 'What is 2FA?'
Class is in session. Check it out here! It's happening! In less than a month,
join 1500+ attendees, 70+ speakers and 15 sponsors at the gorgeous Victoria
Theatre for a one-of-a-kind crypto experience. We have just a few FULL
admission tickets remaining. $199 gets you full access to The Capital, food &
beverages throughout the conference, fine-dining lunch provided by Sinfonia, and
a ticket to our VIP after-party at Capital by Zouk! To register, click
here! Director of the U.S. Financial Crimes Enforcement Network (FinCEN),
Kenneth Blanco, recently clarified that Anti-Money Laundering (AML) laws also
apply to cryptocurrency
Another 4 leading institutions, including major banksShinhan and NH Nonghyup, have joined the Initial DID Association - the South
Korean government-backed decentralized identity initiative.
Indian universityMalla Reddy Engineering College for Women, has created a blockchain-based
voting system for online ballots.
TBA - Justin Sun's lunch with WarrenBuffett On a scale of 1-10 (10 being most useful), how useful would a blockchain
enterprise solution be for the company you're currently working in? Why do you
say so? Share with me in the polls! "On a scale of 1-10 (10 being most
comfortable), how comfortable would you be in having the majority of your
overall investment portfolio in crypto?" The average vote was 6.
20.5% of y'all voted a '10'. High risk for high reward – Ooo daredevil
Risk to reward ratio is higher – Possibly. Can you stomach the swings though?
Because the money system is going to collapse. – Inb4 currency crisis.
Against prudent investment ethics. A percentage yes but eggs in one
basket comes to mind! Let’s keep our feet on the ground. – Yeah, best to
stay diversified across asset classes too.
Always told not to put all myeggs in one basket. Cryptocurrency still a gamble. – Well worth the punt, I must
say.
blockchain tech is still on it's infancy but growing fast, so will give10/10 in 5-7 years... – Yeah it’s def gonna take some time.
"Investing" in crypto is kind of a misnomer IMO. They're primarily
just payment methods (ie would you be "investing" in Yen-JPY?). Regardless, you
gotta diversify your investments, so I would never want the majority of mine in
crypto. - Not true. Look at PoS coins that give you a return if you stake
them. I believe in the hedge cushion of diversification – Same here! No
electricity means no crypto trading. I have hard assets for WHEN the
stock market crashes. Au, Ag, Defence, Food Water. – Interesting hedging
strategy… What about precious metals though? Those seem to fit
into your strategy.
I already do. - Gangsta I'm young and bullish. –Should def take more risks when you’re young.
Precious metals andcrypto’s are where it’s at! – Oooooh, complimentary assets!
It can beturned of suddenly by any Government!! – Isn’t that cash? Plus govts can just
erase bank accounts too. Governments turning off crypto is less likely.
Too volatile and risky, limiting to 10% of net worth at this time – Sensible.
Come on man, we are all millennials. We don't have much of a choice.
Crypto is our ticket outta here. – Ticket outta poverty hahaha. Well, I
don’t think so. Investing in low expense index funds can get you there as well.
Don’t underestimate the power of compounding. E.g. the S&P has a historical
annualized rate of return of 8-9%, and that can really add up quick.
Puttingall your eggs in one basket is a bad idea. – Agree. It already is, and I'm at
peace.I won't go crazy and sell my holiday home for more crypto, but 65% in
crypto, the rest gold, silver and diamonds. {I've never trusted banks, precious
metals can be worn and kept in safe}. The traditional stock market not my cup of
tea, especially after watching dirty money on Netflix. So yes, if I can't access
it 24/7 it not really my money i believe. – Hmm take a look at index funds… They
make sense too.
i think for now a balanced portfolio is better.. also itdepends on what you are holding.. if its BTC as investment its good. for other
coins i don't think so. – BTC is king!
Seek the unknown Unsubscribe -Unsubscribe Preferences
