Daily Email 05-27-19

Coin Profits Daily

Crypto.com (MCO)

Crypto.com, the pioneering payments and cryptocurrency platform, seeks to accelerate the world’s transition to cryptocurrency. On July 6th, 2018, Monaco announced a rebrand to CRYPTO.com and its consumer services (including MCO Visa Card and MCO Wallet App) have been rebranded as MCO. MCO is redefining how money is being moved, spent and invested. It has a market cap of $115 million, a circulating supply of 15.7 million and has traded over $67.3 million in the past 24 hours according to CryptoSlate.com.

MCO/BTC broke out of a symmetrical triangle formation today and is looking to retest its April high near 0.0099200. A close above 0.00082950 is a strong indication of this possibility. A potential stop could be placed below the support at 0.00077300.

News to Know

Bitcoin Beats XRP At Global Remittances, Says New Report
Bitcoin (BTC) will always be a better solution for cross-border payments than XRP, according to the head of a Hong Kong-based remittance company. George Harrap, CEO of Bitspark, says that bitcoin has a clear edge because it is already globally accepted and has sufficient liquidity for established remittance companies.

It’s Water Under the Bridge as Zuckerberg & Winklevii Talk Crypto: Report
Mark Zuckerberg has been collaborating with his old rivals, the Winklevoss twins, to launch a digital currency that can be used across Facebook, WhatsApp, Instagram and beyond, according to a report in the Financial Times. Facebook’s cryptocurrency, reportedly dubbed GlobalCoin, is expected to make its debut next year.

4 Reasons why Tokenizing Ethereum Gas Makes Perfect Sense
Ethereum is one of the more interesting blockchain and cryptocurrencies ecosystems next to Bitcoin. Even so, there are genuine concerns over its capabilities to scale or reduce overall transaction costs. It appears a solution has come to market which allows users to tokenize Ethereum Gas as they see fit. There are a lot of interesting aspects to this concept, albeit it remains to be seen if and how it will be used accordingly.

Someone Acquired 10 million XRP After Price hit $0.4
An unknown Ripple’s XRP whale has acquired 10 million XRP ($4.1 Million) few hours after the price of the digital currency surged to $0.413. The trade, according to Cryptocurrency Whale Alert, was made by Ripple over-the-counter. The San Francisco-based firm do sell Ripple’s XRP to firms willing to invest in the digital asset.

Ahead of June 1, Justin Sun Announces BitTorrent (BTT) & Tron (TRX)’s Latest Achievement
Founder Justin Sun has declared that June 1, 2019 will be a meritorious day for its two projects in the blockchain space, Tron TRX and BitTorrent BTT. No doubt the addition of the world’s largest file sharing protocol, BitTorrent, came in handy for Tron. The successful lightning-like sale of BitTorent token on Binance launch pad was sure a miraculous incident, and this was succeeded by a number of intriguing news which includes; the addition of 1 billion BitTorrent users to Tron and the amazing display from BitTorrent live demo launch, among others.

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Source: Coinmarketcap.com