Published on December 10, 2019
1. Crypto goods marketplaceconference CoinMarketCap fam! If you missed our first-ever Crypto Goods Marketplace conference, 'The Capital', here is a quick recap on the juicy bits that went down! #TheCapital Today in history (1908), Albert Einstein first revealed his quantum theory of light. In today's newsletter, we will be covering Fintech arm of Chinese insurance giant filing for U.S. IPO, Tron (TRX) founder Justin Sun admitting to investment in crypto exchange Poloniex, and ASX-listed DigitalX's new fund. Slight dip Over the last 24 hours, total market capitalization dipped slightly from ~$241 billion to ~$236 billion, with most coins either seeing losses in the ~1-3% range. 24-hour volume registered ~$68 billion. BTC is currently trading at ~$8,620, down ~1.9% over yesterday. On the daily chart, BTC is trading below its 100-day EMA support line and RSI is at ~45. On the weekly chart, BTC broke below its 21-EMA support line. BTC continues to be trading within its lower highs and lower lows trading pattern it has been trading within since late June this year. How much do you agree with this statement: "I enjoy attending crypto conferences." Recap of the top 5 things in Day 1 of 'The Capital' 1. CoinMarketCap released a new liquidity metric to combat inflated volume reporting by crypto exchanges. 2. Secretive CMC founder Brandon Chez and proof-of-stake inventor Sunny King discussed the consensus algorithm wearing masks and capes (plus with distorted voices). 3. A delicious Italian-themed lunch was served with the overwhelming smell of truffles wafting from the risotto — the industry must be doing pretty well! 4. TechCrunch and XRP Capital founder Mike Arrington called the crypto industry “sick” (not in the good sense). 5. Finance app Circle’s founder and CEO, Jeremy Allaire, said that what many call the 2017 ICO “bubble” was actually “really interesting” because “we got a glimpse of what internet-based capital markets could look like.” He also said other important things in an exclusive interview with The Capital backstage. Try and try again The fintech arm of China's biggest insurance company Ping An Insurance, OneConnect Financial Technology, has filed a prospectus on 13 Nov for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) with plans to list its shares on NASDAQ or NYSE. It is seeking to raise $100 million, with underwriters like Morgan Stanley, JPMorgan, Goldman Sachs, HSBC and more. Previously, Reuters reported that the company failed to go public in
2. Hong Kong. One Connect features 8 research institutes and 50 technology laboratories that work on blockchain projects in financial services industries, and has a FiMax blockchain network that supposedly boosts "data-sharing and privacy processes".