First green day of the week

CoinMarketCap logo

Winning isn't getting ahead of others. It's getting ahead of yourself.

- Roger Staubach

In today's newsletter, we will be covering:

  • a developer donating 10,000 MKR ($4.3 million) to Carnegie Mellon University

  • Guangdong blockchain financing platform aiming to help small businesses

  • Andreessen Horowitz saying that Bitcoin will usher in "Influencer Coins" by 2030

Total Market Cap: ~$194.5 billion (~2.0%) BTC Price: ~$7,340 (~2.4%)

24-Hour Volume: ~$82.3 billion (~34.5%) BTC Dominance: ~68.4% (~0.3%)

Notable movers: -

BTC broke its slow trickle downward trend of the week as we head into the weekend, and is currently trading at ~$7,340, up ~2.4% over the past 24 hours. On the daily chart, BTC continues to be trading below its 100-day EMA line, and RSI currently stands at ~44 (it has been in this region for the past 2 weeks). On the weekly chart, BTC is testing its 100-EMA line, a level it has been trading above of since early April 2019.

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.

Total Market Capitalizations

How much do you agree with this statement: "DeFi will be the cause of the next bull run"

A former MakerDAO contributor and Carnegie Mellon alumnus has committed 10,000 MKR ($4.3 million) to his alma mater, Carnegie Mellon University to develop a research program for decentralized applications.

The contributor, developer Nikolai Mushegian, stated on his website that the purpose of the donation was to "establish a research program for decentralized applications/ protocols and game-theoretic mechanisms".

Mushegian will be releasing a more detailed agenda in the coming weeks.

According to a media report from Sina Finance, the Guangdong government has launched a blockchain-based financing platform, Ant Blockchain Open Alliance, that will help small firms in the region get loans faster from commercial banks.

The project is backed by Alibaba's Ant Financial and Ping An Insurance's OneConnect, and intends to streamline the loaning process for commercial banks with more detailed and reliable profiles like credit ratings offered through its blockchain network.

The new platform could also be part of a government initiative meant to create a blockchain financing platform to link with Hong K ...

Read full story on CoinMarketCap


Tags: Blockchain, Bitcoin, United States dollar, Ethereum, Andreessen Horowitz, Roger Staubach, Carnegie Mellon University, Market capitalization, MKR, Nikolai Mushegian