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Daily Email 03-07-19

Coin Profits Daily

Tael (WABI)

Previously known as WaBi, Tael is a loyalty token used in the Techrock ecosystem of verifiable safe and authentic products. It has a market cap over $12.8 million, a circulating supply over 55.9 million and has traded over $8.6 million in the past 24 hours according to CoinMarketCap.com.

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  • WABI/BTC is breaking out of an ascending triangle on the weekly charts with a close above 0.00005300. Based on the range of the pattern, the potential target is 0.00007500—which is near the 38.2% Fib retracement of the 2018 downtrend. A stop could potentially be placed below the breakout level.

    News to Know

    eToro Officially Launches Its Cryptocurrency Exchange in the US
    After months of anticipation, social trading platform eToro has finally launched its cryptocurrency-to-cryptocurrency exchange desk in the US. At present, the service will only support cryptocurrency trading, but the plan is to gradually add other assets to the platform. eToro’s new exchange will be available in 32 states, though the full list is not yet available.

    About 7,500 Wallets Hold 80% of the Total ETH
    A new report on Ethereum shows what triggers ether price drops and calls into question how sustainable decentralization of the Ethereum blockchain really is. The report, titled “Entering the Ethereum: Long-Term Value Potential and Analysis,” was created by Delphi Digital, a research and consulting firm focused on digital assets. Delphi Digital’s six-person team comes largely from traditional finance backgrounds (half have held positions at Deutsche Bank) and includes Morgan Creek Digital founder Anthony Pompliano as a board member.

    Opera Has Plans to Integrate the Ethereum Name Service
    Opera has revealed new plans to integrate the Ethereum Name Service (ENS) with its popular web browser. Although the news has not been officially confirmed, Opera’s Charles Hamel has presented the plan at the ongoing EthCC conference.

    MinerGate and Lumi Will Join Forces to Support EOS
    One of the most well-known cryptocurrency mining pools – MinerGate – and a blockchain startup – Lumi Technologies – has entered into a strategic partnership in order to develop joint EOS infrastructure. MinerGate is a multicurrency mining pool, providing its users with the opportunity to mine 11 popular crypto coins, including Ethereum (ETH), Monero (XMR), Litecoin (LTC), Bitcoin Gold (BTG) and others.

    Ripple’s CEO Bashes JPM Coins by Saying That It Misses the Point of Being a Cryptocurrency
    Brad Garlinghouse, Ripple’s CEO has always taken the opportunity to bash any new crypto token developed by the major banking company JPMorgan. Brad spoke during the Chamber of Digital Commerce’s D.C. Blockchain summit in Washington on Wednesday.

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    Source: Coinmarketcap.com