Hi, beloved reader! Welcome to today’s digest.
It’s another day in the wonderland of cryptocurrency. Unless you are not an active follower, you should be able to observe the newfound market positivity that gives a feel reminiscent of the early days of the previous market cycle.
The optimism in the air is so genuine, ordinary cartel’s manipulation would have a hard time staging it. If this has one message to whisper to you, then “it is to be ready and be vigilant“.
You wouldn’t want to miss the upcoming market uprun especially if you are a type that witnessed the last market boom like me but have little or nothing to show of it.
I am not trying to chill anything to you or persuade you into purchasing anything, and of course it not advisable to give-in to another person’s opinion in the cryptoverse particularly if you don’t know their level of expertise.
I consider myself a very raw amateur who has a lot to learn in many aspects, but if there is only one message to direct at your face, I will scream “be ready“.
Why would I? Because I can resonate with this same feeling. Not taking my emotions and judgment into consideration, the optimism is kind of real, made even more obvious by many indicators, some typical examples are the volume of trades, news of serious accumulation, and RSI signal of an overbought market.
Again! Be ready and be careful.
Enough of the rant!
Let dive into today’s digest about recent activities and report you should know about.
The Digest
As promised in yesterday’s digest, I mentioned introducing another promising EOS dApp I found interesting today. As an individual who tries to keep to his promise. I bring to you a social network dApp called KARMA.
KARMA
You must have heard about the law of Karma which states; the good or evil you do will one day come back to you.
This exactly is the mission set out to accomplish by KARMA.
In our world full of inequalities of all kinds. Much of the world are less privileged to have what the top people possess, in terms of food, shelter, finance, and a good standard of living.
Many from parts of the third world countries are in extreme poverty others from well-developed countries can hardly imagine. You would hear of a complete family of four members feeding under $5 for a week, some hardly have anything to eat at all. Approximately 3.1 million children die of starvation each year.
This is an astronomical figure if you imagine counting per head basis, for crying out loud Iceland in an independent country with just over 330,000 people.
There is no swift aid that could quickly eradicate this, except if all countries converge to direct extensive spending to remedy this cause. But, since such a move would have a hard chance of being propagated.
Then, it is at the hand of every able person to do his bit and assist the less privilege found around us.
KARMA EOS dapp is established to encourage people to show some affectionate towards the less privileged around them by rewarding their act of goodness through token incentives through the implemented functional reward mechanism in the form of community votes, donations, and sponsorships.
Everyone has some good to show.
Visit https://www.karmaapp.io/ today, download the Andriod or iOS app and start participating in this good cause.
Some information and discussion you should be part of.
Youtube
This young man has some advice to share with you on how to avoid capitulation in cryptocurrency investing and trading as he did.
Here is an expert view on how blockchain and cryptocurrency are changing money and business (over 1.5 million views).
Reddit
Vitalik thought Craig Wright has a good reason for his behaviors, do you?
Formal Steemit video hosting and streaming service ‘Dlive’ partnered with the most subscribed Youtube channel “PewDiePie”.
u/erjo5055 narrate his unbelievable first-month experience with Brave browser.
Do you agree with this tweet opinion that the market bottom had been passed?
What an outstanding definition of a bubble.
Again! China renewed stiff stance on crypto mining, said: ” it is energy wasting”.
News in the Media
Towards the later period of the ICO bust, exchange listing was a popular announcement that could make an investor or trader skip a complete day meal out of FOMO. It was a strategy many found attractive to multiply coins by scalp or swing trading and then jumping onto the next promising coin.
Those who were lucky enough made riches with this method but the majority who were not were burnt badly (I fall in the later category).
Exchange listing apart from its speculative effect is a good way to give a project more exposure or provide better liquidity.
Recently, one of the largest exchange “Coinbase” announced the listing of three coins namely: Augur, Maker, and EOS, on its open trading service Coinbase Pro.
As a very reputable exchange, this listing is having a somewhat significant impact on the price of these coins over the past 24hrs.
Read the reason for this move now on Cointelegraph.
Entry opportunity for the average Joe.
Decentralization by its core definition has no barrier to entry, no censorship, no single point control. These are the attributes many expected any entity entering the sphere should keep to mind, but that is not the case with leading exchanges. Their operating servers are built with centralized design, customers are kept under some restriction, freezing of account without notification and so on.
This was the case of Bitfinex – a top cryptocurrency exchange with a huge barrier to entry which minimum requirement to start trading was set to $10,000.
After many persuasion by many traders from different regions, it was reported that the exchange has dissolved the wall to entry and cancel such pre-requisite, paving the way for fleets of traders to join the platform with no minimum required entry fund. Read the in-depth updates on Coindesk.
Other reports in the news
Facebook seeking up to $1 billion in venture capital fund to develop its reported “Facebook Coin”.
Popular Bitcoin wallet Electrum faced an ongoing DoS attack on its servers that reportedly stole millions to date.
Justin Sun donates $1.5 million to Jack Ma Hupan University.
Opera announced the release of a built-in crypto wallet and web3 explorer.
Founder of the now-defunct Mt.Gox exchange reportedly quit his position and sold his claim.
Get some laughter with this meme as I round-up this digest.
Thanks for your time reading the digest.Remember to visit my blog tomorrow for another interesting digest.
Cheers 🙂
Disclaimer
The contents of this post are intended for information purpose only and should never be taken as an investment or trading advice. All information contained herein is linked to their respective sources without being taking word for word except in quotes and references.
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