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Daily Email 03-08-19
The Aion network is a multi-tier blockchain network designed to support a future where many blockchains exist to solve unique industry problems and to power the services of the modern world. It has a market cap over $38.5 million, a circulating supply over 291.8 million and has traded over $4.4 million in the past 24 hours according to CoinMarketCap.com.
AION/BTC is breaking out of a downward channel with a close above 0.0000310. The breakout is an indication of a trend change with a potential target at the 61.8% retracement of the previous trend at 0.0000400. A potential stop could be placed below the breakout level at 0.0000310.
News to Know
Mark Zuckerberg: “Encryption is decentralizing”
On March 6, Mark Zuckerberg published a 3000+ word essay “A Privacy-Focused Vision for Social Networking”. In the essay, he outlines the problems faced by Facebook, the Internet and the society, as well as his vision of the future. Lately, the rumors have been swarming about Facebook adding blockchain technology and even introducing its own cryptocurrency.
Following the Success: Binance to Hold its Next Launchpad Sale on March 19 — Celer Network (CELR)
Binance had recently announced the third project in 2019 and the fifth in total, to hold its fundraising on Binance Launchpad. The Launchpad has already had four successful sales, the most popular of which were BitTorrent’s fundraising on January 28th, as well as Fetch.AI (FET) on February 25th; both gained 600% and 400% respectively on their price discovery. Continuing with its goal of hosting one token sale event per month throughout 2019, Binance has announced that the third token-sale will be held on March 19th, featuring Celer Network (CELR).
Will France ban anonymous cryptocurrencies?
Anonymous cryptocurrencies have been controversial in the crypto world since a long time, as they have the ability to disclose the user’s identity and are the currency of choice among cybercriminals. Eric Woerth who is the head of the Finance Committee of France’s National Assembly, has proposed banning of anonymous cryptocurrencies in a recent report about crypto assets and blockchain technology shared by the French Assembly.
MakerDao Users Vote to Raise Stablecoin DAI’s ‘Stability Fee’ by 2%
Users of blockchain organization MakerDao (Maker) have voted to raise the so-called stability fee for Maker’s Dai (DAI) stablecoin to 3.5 percent, according to the results of a recent poll, completed on March 7. MakerDao, a Decentralized Autonomous Organization (DAO) based on the Ethereum (ETH) blockchain, first opened voting on the matter to users on March. 4.
Bullish Charge Looming For Cardano (ADA) As Project Implements Key Developments
The Cardano project has made it back in the headlines with the project announcing several development launches and with even more to come over the coming weeks. Recent and upcoming developments in the ecosystem are expected to add value to ADA and this might just give it the boost it needs to rally again. It could even quite possibly acquire back a top ten ranking if its rally is strong.
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