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Daily Email 03-29-19

Coin Profits Daily

Tezos (XTZ)

Tezos is a blockchain that can evolve by upgrading itself. Stakeholders vote on amendments to the protocol, including amendments to the voting procedure itself, to reach social consensus on proposals. Tezos supports smart contracts and offers a platform to build decentralized applications. It has a market cap over $606.2 million, a circulating supply over 662.2 million and has traded over $7.7 million in the past 24 hours according to CoinMarketCap.com.

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  • XTZ/BTC broke out of a flag pattern yesterday and is trading above its previous high today. The breakout is a continuation of the recent uptrend with a potential target at 0.0002500. A potential stop could be placed below the previous high of 0.00020700.

    News to Know

    Will the SEC Shutdown Your Favorite Coins?
    The cryptocurrency space has seen an incredible influx of money over the last several years. People have been coming up with new and creative ways to get at it — legally and illegally. The SEC has been trying to curb the illegal part. But on their warpath, they might throw the baby out with the bathwater.

    What Is DeFi and Where Does It Leave Bitcoin?
    The Bitcoin bull and bear market cycles are a pattern that produces significant developments — when the market is cold, people tend to focus on building the next wave of groundbreaking technology. One of the most interesting things emerging from this particular bear market has been a concept known as “decentralized finance,” manifested primarily by services that allow you to earn interest or borrow against your cryptocurrency holdings.

    Your Crypto Portfolio – Are You Diversifying?
    If you’re a cryptocurrency investor, you’ll already know that putting all of your eggs in one basket, so to speak, is never a good idea. This is even more important when you’re dealing with what is still a new technology. The crypto market is highly speculative, causing the value of your portfolio to shift erratically on occasion.

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  • Breaking: Japan’s Biggest Railway Plans to Accept Cryptocurrency Payments
    Japan Railways Group, the biggest railway and subway operator in Japan that is used by millions of Japanese individuals on a daily basis, is considering the integration of crypto assets like bitcoin as a payment option. According to ANN News, a mainstream commercial television news network in Japan run by TV Asahi Corporation, JR Group is currently planning to establish a cryptocurrency company, possibly an exchange in partnership with a major bank, to integrate cryptocurrencies.

    Tron Launches BitTorrent Live, a Decentralized Live Streaming Service to Revolutionize the Web 2.0
    The acquisition of BitTorrent by Tron (TRX) gave them potential access to millions of new users, and Justin Sun intends to use this leverage to become the man behind the most important blockchain in the next few years. A few hours ago, BitTorrent Inc. announced the launch of BitTorrent Live. The product is currently in a preview stage and will let users communicate live via a streaming service that intends to become a significant competitor in the world of social networks.

    Coinbase Launches Secure Tezos Staking Solution For Institutional Clients
    Coinbase’s custodial solution has unveiled a new Tezos (XTZ) staking provider which will enable institutional clients to securely stake their assets and participate in network consensus. Coinbase Custody announced in a blog post earlier today that they would allow its XTZ holders to begin ‘baking’ on the Tezos network. The new solution will enable clients to stake their holdings while the assets themselves remain in cold storage.

    Top Movers

    Top 5 Gainers

    Top 5 Losers

    Source: Coinmarketcap.com

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