Why did Justin Sun donate to Greta Thunberg
CoinMarketCap Daily Newsletter
“Courage consists not in blindly overlooking danger, but in seeing it, and
conquering it.” - Jean Paul In today's newsletter, we will be covering:
Justin Sun's rationale behind his $1 million Greta Thunberg
donation China potential 1st blockchain exchange-traded
fund Binance supporting newly announced Ethereum Muir Glacier
update Total Market Cap: ~$193.4 billion (~1.3%) BTC Price: ~$7,280
(~1.4%) 24-Hour Volume: ~$77 billion (~3.5%) BTC Dominance: ~68.2% (~0.2%)
Notable movers: - BTC is currently trading at ~$7,280, down ~1.4%
over the past 24 hours. On the daily chart, BTC broke below its 100-day EMA line
over the weekend, and RSI currently stands at ~49 (it has been in this region
for the past 2 weeks). On the weekly chart, BTC continues to hold its 100-EMA
line, a level it has been battling to hold for the past month. BTC is still
trading within its lower highs and lower lows trading pattern/
channel/ zone it has been trading within since late June this year. It is
currently testing the lower bound.
How much do you agree with this statement:
"2019 was a good year for crypto" Why or why not? Share with me in the
polls! Let me explain
In recent tweet, Tron Founder Justin Sun explained the
reasoning behind his decision to donate $1 million to Swedish activist Greta
Thunberg, clearing questions on how cryptocurrency could help decrease
carbon footprints via creating decentralized settlements. He said that
decentralized settlements and decentralized finance platforms are managed
by computers on cloud computing systems that removes the need for paper
documentation.
Cloud computing systems need not depend on physical
transportation infrastructure due to their digital nature, making it possible
for less travel and therefore "easing the travel sector's burden on the
environment," which makes up 8% of global carbon emissions. Adopting a point-
of-sales (POS) system also "drastically reduces the massive energy consumption
used in traditional point-of-work mining method used by Bitcoin." China's
financial watchdog, the China Securities Regulatory Commission (CSRC), has
received an application for listing an exchange-traded fund (ETF),
dubbed the Penghua Shenzhen Stocks Blockchain ETF. The ETF will
track and reflect the performance of Shenzhen-listed blockchain-related
stocks, and was filed by Shenzhen-based asset management company Penghua Fund
before being accepted on 24 Dec by the CSRC. Should the application
obtain final approval by the CSRC, it would become China's 1st completely
blockchain-themed ETF available to public investors. Crypto exchange
Binance will suspend Ether (ETH) deposits and withdrawals in order to
support the recently announced Ethereum network Muir Glacier update.
ETH trading will be unaffected during the upgrade, and once the upgraded network
is considered by Binance to be stable, deposits and withdrawals will
resume.
The update will only be activated on the Ropsten testnet network,
and is expected to be activated on the mainnet on 1 Jan, 2020. Peer-to-peer
(p2p) file-sharing leader BitTorrent will be welcoming blockchain-based live
streaming platform DLive into its ecosystem to offer p2p content sharing and
live streaming features to BitTorrent's 100 million monthly active users.
Major U.S. brokerage TD Ameritrade hinted at including more cryptocurrency
services based on client feedback, not denying their potential inclusion of
cryptocurrencies, like XRP, on their platform.
Binance's U.S.-based
cryptocurrency exchange, Binance.US, has begun beta testing of its iOS
application after revealing the successful private beta test and inviting its
customers to take part in the iOS beta.
TBA - Justin Sun's lunch with Warren
Buffett "How much do you agree with this statement: "I am optimistic about
2020's overall price action for the crypto space"" The average vote was
7.7. Yes, end of descending wedge ~ February and a potential last big fall
sharply reversed by anticipating a bullish year. China's CBDC could be a
catalyst in either direction, which may lead to a Chinese BTC fork (controlling
hashrate). May the 4th, a new hope saviour like Jack D - I am speculating. -
Interesting thoughts tho The Government's are more involved now – They
know what’s up As long as tech and DeFi continue to fortify their systems and
keep to the roadmaps they've made, 2020 seems pretty damn exciting either way! –
Agree. DeFi is so damn exciting. The vision of decentralized finance doesn’t
seem so far away now. Interest is gaining in crypto worldwide and
practical applications for the everyday person like gaining interest on the
crypto you own with companies like crypto.com will provide a good
increase in the acceptance of crypto as a wise alternative to the
traditional banking system. – Yup!! I'm optimistic because institutional
controls are growing the confidence of investors while at the same time,
confidence in fiat currency around the world is waning. – The USD could
lose its position as the world’s reserve currency.
Not that I'm inviting any
negativity, but how could 2020 be that much worse? 2020 is looking likely
to be a better year. Even if the stock market bursts people will pull their
money from there and invest it in this space. Plus, the BTC halvening should
help later in 2020. I'm very much looking forward to where the coming year takes
us and I plan to enjoy the ride!
– So looking forward to it. I think it would
be really interesting to see how BTC performs in a recession. IMO, it
would be its true litmus test. Because when even the Iranian president says he
wants to create a digital currency for muslim countries, it means there is some
level of universal truth/authority to crypto – Something is definitely brewing.
2019 we have seen price correction & stabilisation. 2020 we should be seeing
some real action on Bitcoin, Ethereum & some good blockchains.. one thing is
sure all shit coins will not see any further rise, dump them & get into good
coins. - Many will be left behind. Really excited what 2020 will bring. What
coins will moon and which will fall into oblivion, it really feels as if privacy
coins getting bit of shaft lately. The BTC halving. It gonna be a great year for
crypto space! – Yeah, privacy coins have definitely taken a hit. Gonna be
interesting to see what coins will be in the top 10 in 2020! Bye 2019!
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CoinMarketCap Daily Newsletter
“Courage consists not in blindly overlooking danger, but in seeing it, and
conquering it.” - Jean Paul In today's newsletter, we will be covering:
Justin Sun's rationale behind his $1 million Greta Thunberg
donation China potential 1st blockchain exchange-traded
fund Binance supporting newly announced Ethereum Muir Glacier
update Total Market Cap: ~$193.4 billion (~1.3%) BTC Price: ~$7,280
(~1.4%) 24-Hour Volume: ~$77 billion (~3.5%) BTC Dominance: ~68.2% (~0.2%)
Notable movers: - BTC is currently trading at ~$7,280, down ~1.4%
over the past 24 hours. On the daily chart, BTC broke below its 100-day EMA line
over the weekend, and RSI currently stands at ~49 (it has been in this region
for the past 2 weeks). On the weekly chart, BTC continues to hold its 100-EMA
line, a level it has been battling to hold for the past month. BTC is still
trading within its lower highs and lower lows trading pattern/
channel/ zone it has been trading within since late June this year. It is
currently testing the lower bound.
How much do you agree with this statement:"2019 was a good year for crypto" Why or why not? Share with me in the
polls! Let me explain
In recent tweet, Tron Founder Justin Sun explained thereasoning behind his decision to donate $1 million to Swedish activist Greta
Thunberg, clearing questions on how cryptocurrency could help decrease
carbon footprints via creating decentralized settlements. He said that
decentralized settlements and decentralized finance platforms are managed
by computers on cloud computing systems that removes the need for paper
documentation.
Cloud computing systems need not depend on physicaltransportation infrastructure due to their digital nature, making it possible
for less travel and therefore "easing the travel sector's burden on the
environment," which makes up 8% of global carbon emissions. Adopting a point-
of-sales (POS) system also "drastically reduces the massive energy consumption
used in traditional point-of-work mining method used by Bitcoin." China's
financial watchdog, the China Securities Regulatory Commission (CSRC), has
received an application for listing an exchange-traded fund (ETF),
dubbed the Penghua Shenzhen Stocks Blockchain ETF. The ETF will
track and reflect the performance of Shenzhen-listed blockchain-related
stocks, and was filed by Shenzhen-based asset management company Penghua Fund
before being accepted on 24 Dec by the CSRC.
Should the applicationobtain final approval by the CSRC, it would become China's 1st completely
blockchain-themed ETF available to public investors. Crypto exchange
Binance will suspend Ether (ETH) deposits and withdrawals in order to
support the recently announced Ethereum network Muir Glacier update.
ETH trading will be unaffected during the upgrade, and once the upgraded network
is considered by Binance to be stable, deposits and withdrawals will
resume.
The update will only be activated on the Ropsten testnet network,and is expected to be activated on the mainnet on 1 Jan, 2020. Peer-to-peer
(p2p) file-sharing leader BitTorrent will be welcoming blockchain-based live
streaming platform DLive into its ecosystem to offer p2p content sharing and
live streaming features to BitTorrent's 100 million monthly active users.
Major U.S. brokerage TD Ameritrade hinted at including more cryptocurrency
services based on client feedback, not denying their potential inclusion of
cryptocurrencies, like XRP, on their platform.
Binance's U.S.-basedcryptocurrency exchange, Binance.US, has begun beta testing of its iOS
application after revealing the successful private beta test and inviting its
customers to take part in the iOS beta.
TBA - Justin Sun's lunch with WarrenBuffett "How much do you agree with this statement: "I am optimistic about
2020's overall price action for the crypto space"" The average vote was
7.7. Yes, end of descending wedge ~ February and a potential last big fall
sharply reversed by anticipating a bullish year. China's CBDC could be a
catalyst in either direction, which may lead to a Chinese BTC fork (controlling
hashrate). May the 4th, a new hope saviour like Jack D - I am speculating. -
Interesting thoughts tho The Government's are more involved now – They
know what’s up As long as tech and DeFi continue to fortify their systems and
keep to the roadmaps they've made, 2020 seems pretty damn exciting either way! –
Agree. DeFi is so damn exciting. The vision of decentralized finance doesn’t
seem so far away now.
Interest is gaining in crypto worldwide andpractical applications for the everyday person like gaining interest on the
crypto you own with companies like crypto.com will provide a good
increase in the acceptance of crypto as a wise alternative to the
traditional banking system. – Yup!! I'm optimistic because institutional
controls are growing the confidence of investors while at the same time,
confidence in fiat currency around the world is waning. – The USD could
lose its position as the world’s reserve currency.
Not that I'm inviting anynegativity, but how could 2020 be that much worse? 2020 is looking likely
to be a better year. Even if the stock market bursts people will pull their
money from there and invest it in this space. Plus, the BTC halvening should
help later in 2020. I'm very much looking forward to where the coming year takes
us and I plan to enjoy the ride!
– So looking forward to it. I think it wouldbe really interesting to see how BTC performs in a recession. IMO, it
would be its true litmus test. Because when even the Iranian president says he
wants to create a digital currency for muslim countries, it means there is some
level of universal truth/authority to crypto – Something is definitely brewing.
2019 we have seen price correction & stabilisation. 2020 we should be seeingsome real action on Bitcoin, Ethereum & some good blockchains.. one thing is
sure all shit coins will not see any further rise, dump them & get into good
coins. - Many will be left behind. Really excited what 2020 will bring. What
coins will moon and which will fall into oblivion, it really feels as if privacy
coins getting bit of shaft lately. The BTC halving. It gonna be a great year for
crypto space! – Yeah, privacy coins have definitely taken a hit. Gonna be
interesting to see what coins will be in the top 10 in 2020! Bye 2019!
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