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Daily Email 03-06-19

Coin Profits Daily

Kore (KORE)

The KoreToken is a fully-compliant security token designed for protection of Investors, Issuers, broker-dealers, and all other participants. It has a market cap over $1.4 million, a circulating supply over 2.1 million and has traded over $2.7 million in the past 24 hours according to CoinMarketCap.com.

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  • KORE/BTC is breaking out of a symmetrical triangle that has been developing since mid-October. A potential target based on the range of the formation and the 50% retracement level of the previous downtrend near 0.0002600. A stop could potentially be placed below the breakout level at 0.00012750.

    News to Know

    How to Earn Bitcoin: 5 Simple Ways to Earn More BTC
    For many people, buying large amounts of Bitcoin is not a financially-viable investment strategy. But the good news is that there are now more alternatives than ever that make it easy for people to earn bitcoin. Let’s explore what all your options are, from accepting bitcoin from your employer to depositing it in an interest-earning crypto account.

    QuadrigaCX Granted 45-Day Court Extension to Find $140 Million in Missing Crypto
    A Nova Scotia Supreme Court Justice has given defunct cryptocurrency exchange QuadrigaCX a 45-day extension to search for $140 million worth of missing crypto assets. Judge Michael Wood extended the creditor-protection deadline to April 23, which would protect Quadriga from potential lawsuits.

    New Partnership Allows TrueUSD Traders to Audit The Coin’s Backing Assets
    A new partnership between stablecoin TrueUSD (TUSD) and accounting firm Armanino purportedly allows traders to conduct instant audits of the token’s backing. The news was announced by TrueUSD in a blog post on Mar. 5. The dashboard developed by Armanino purportedly enables traders to monitor TrueUSD token balances and collateralized funds.

    IBM Purchases Blockchain Testing Service
    IBM’s X-Force Red, a security team focusing on hacking software in order to discover and mitigate vulnerabilities, has launched a blockchain testing service. The new service is meant to help business test and secure their private blockchains. Blockchains are distributed ledgers or databases, which use a peer-to-peer network in order to transfer information using ‘blocks’ and computer nodes.

    Starbucks BTC Payments & EY Launches Crypto Calculator
    Specifically, yesterday two news stories caught our eye, one on Starbucks and how they could be soon accepting Bitcoin and the other the faults in the EY cryptocurrency tax calculator. Just imagine, you’re walking to work and pass a local Starbucks and decide you want a coffee to keep you going in the morning. Instead of paying with cash or card you can decide to buy your morning coffee with Bitcoin!

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  • Nasdaq’s (NDAQ) Blockchain Layer Is Developing Quickly
    Nasdaq (NDAQ), the second-largest stock exchange in the world by total capitalization, reportedly continues to advance the applications of its blockchain layer. In a recent interview, Johan Toll, Nasdaq’s head of blockchain product management, revealed that the exchange can now connect any of its microservices on its financial framework to its permissoned blockchain. As an example, Toll says Nasdaq is testing functionality that would allow for the easy transfer of collaterals.

    Cash ‘on the Verge of Collapse’ While Bitcoin Transactions Near Record Highs
    A new report claims that cash is “on the verge of collapse” in the UK, with cash transactions expected to almost vanish in the next decade. Meanwhile, bitcoin transaction volume is surging towards an all-time high and mainstream vendors like Starbucks and Krogers are considering methods of cryptocurrency payments.

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    Source: Coinmarketcap.com