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Daily Email 04-04-19

Coin Profits Daily


IoTeX is the auto-scalable and privacy-centric blockchain infrastructure for the Internet of Things (IoT). IoTeX is developing several in-house innovations to push the frontier of blockchain 3.0, including a blockchain-in-blockchain architecture for heterogeneous computing, fast and robust Roll-DPoS consensus scheme, and lightweight privacy-preserving techniques. It has a market cap over $36.4 million, a circulating supply over 2.5 billion and has traded over $11.2 million in the past 24 hours according to CoinMarketCap.com.

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  • IOTX/BTC is breaking out of its trading range today with a close above 0.00000270. A potential target for the price is the November 2 high of 0.00000340. A potential stop could be placed below today’s low and raised below each successive higher low.

    News to Know

    Bitcoin Searches Tripled During the Recent Rally, Google Trends Data Shows
    Bitcoin, the flagship cryptocurrency, has recently seen its price jump by 20% in a short period of time, helping it cross the $5,000 mark. Right after the jump, Google Trends data shows searches for the cryptocurrency more than tripled. According to Google’s data, search interest went from roughly 33 to 100 (out of 100) right after the surge, but quickly fell to stay between 50 and 75.

    Cryptocurrency vs. Fiat Currency – What You Need to Know
    Experts believe that cryptocurrency is the future of all currencies. As the world is slowly moving towards a cashless society, many newbie crypto traders are still not sure what the difference between cryptocurrency and fiat currency is. Here are some of the main differences between the two currencies that you should know.

    Try Crypto Trading with Sim Games Like Altcoin Fantasy
    Trading simulators offer newbies an opportunity to enter the crypto space and get a feel for the market without losing real money. A popular app that does that and more is Altcoin Fantasy. The crypto game can be installed on both Android and iOS devices or played online.

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  • You’ll Need a Bank Account to Use UnionBank’s New Bitcoin ATM
    UnionBank (UBP), the seventh largest bank in the Philippines officially got itself into the cryptocurrency game this week, but there’s a catch. Users will be required to use a UBP bank account to exchange funds to and from virtual currency.

    Forget the SEC: This US Court Just Set a Major Crypto Precedent
    Lawyer Stephen D. Palley has an interesting write-up at the Block about how a federal judge has ruled that ATB Coin was an unregistered security even if the token didn’t entitle buyers to profits. The Howey Test doesn’t actually require a security to be a share in a profit-gaining enterprise.

    SEC issues crypto regulation guidelines
    Since the introduction of the digital assets, the fintech representatives have been seeking more clarity from the U.S. Securities and Exchange Commission regarding the status of cryptos. Blockchain enthusiasts expected from the local authority to clarify whether cryptocurrencies fall under existing securities’ legislation or not. Today, two members of the US financial agency- Bill Hinman and Valerie Szczepanik published new recommendations on regulating digital assets.

    Top Gainers

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    Source: Coinmarketcap.com

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