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Daily Email 03-11-19
Litecoin (LTC) is decentralized money, free from censorship and open to all. Send low cost private, secure, borderless payments to anyone, anytime, anywhere. The Litecoin blockchain is the largest global scrypt based network, operating with 100% uptime since 2011 securing and tracasting billions of dollars of value. It has a market cap over $3.37 billion, a circulating supply over 60.8 million and has traded over $1.8 billion in the past 24 hours according to CoinMarketCap.com.
LTC/USD has been uptrending since mid-December and has breached the 61.8% Fib retracement near $50.50, which is an indication that the price is set to fully retrace the sell-off in the fall with a potential target near $67.50. A close above today’s high is an indication of support and that the price is set to make another bullish leg higher. A potential stop could be placed below today’s low.
News to Know
Crypto Card and Wallet Offers Free Spotify and Netflix Subscriptions
A payments and cryptocurrency platform offering a Visa card that can be used anywhere has unveiled a range of cashback benefits designed to attract modern consumers and frequent travelers. Crypto.com says it now offers free Netflix and Spotify subscriptions to its MCO Visa Card holders. Users who pay for their subscription with the MCO Visa Card can receive a 100 percent rebate on the cost of their plan, dependent on the type of card they have signed up for.
Ikea Creates Blockchain Solution to “Democratise” Renewable Energy
Plans have been created by furniture giant Ikea’s innovation lab Space 10 to develop a blockchain-powered solar microgrid. SolarVille aims to showcase how neighborhood energy solutions could be created using blockchain The concept, dubbed SolarVille, is currently at the modeling stage, with a wooden village prototype highlighting how a microgrid would enable people to sell excess energy to others on a blockchain-powered system. All of the buildings within the village are hardwired together to create the microgrid for energy sharing in what the lab claims is a fully scalable model.
IBM Cuts Credit Unions Deal for Blockchain Services In $1.7 Trillion Industry
IBM and Denver-based credit union service organization CULedger, have struck a collaboration deal by which new blockchain-based services will be pioneered to help credit unions provide their members with greater efficiencies and an enhanced user experience. CULedger focuses on delivering “innovative applications” to credit unions via its cross-border global distributed ledger platform.
Former Fidelity Portfolio Manager on Facebook’s Upcoming Cryptocurrency
Recently, former Fidelity Investments portfolio manager Gavin Baker gave his thoughts on Facebook’s upcoming cryptocurrency (a stablecoin), which Facebook is reportedly planning to launch later this year. On March 5th, Baker started a tweetstorm that explained why Facebook’s “secret” new cryptocurrency could pose a major threat to both Visa and Mastercard since Facebook could run this project as a loss-leader (e.g. if they offered anyone owning it a 2–5% discount on all purchases made on the Facebook platform) and still hugely benefit from its adoption.
Chinese Wisdom: Shanghai Begins Blockchain Smart City Integration
China Shanghai Yangpu government entered into an agreement with Berlin-based non-profit MXC Foundation to deploy MXC’s Smart City IoT Standard, MXProtocol, in Shanghai. The MXC-Shanghai agreement is part of a strategic Chinese State Council decision to strengthen innovation-driven development. The agreement includes both the collection and analysis of smart city data.
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