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Daily Email 02-20-19

Coin Profits Daily

Crypto.com (MCO)

Crypto.com is building defensible platform to solve access and usability challenges in the blockchain industry, and power redefined financial services to improve our customers’ lives. It has a market cap over $50.94 million, a circulating supply over 15.7 million and has traded over $8.03 million in the past 24 hours according to CoinMarketCap.com

MCO/BTC is breaking out of a flag formation with a close above 0.000768. A target based on prior resistance and the projected move is near Monday’s high at 0.000926. A potential stop could be placed below the breakout level at 0.000768.

News to Know

Elon Musk: Bitcoin is ‘Brilliant, Far Better’ than Paper Money; Tesla Isn’t Jumping in Just Yet
Nearly everywhere Elon Musk goes, people want to talk about Tesla. On Tuesday, however, the media magnet went along with a change in focus by discussing his views about cryptocurrencies. His opinions come within months of a Bitcoin-related tweet that landed him in hot water with the social media platform. He ended up getting his account suspended by Twitter.

Binance Launches Its Decentralized Cryptocurrency Exchange, but There’s a Catch
Following months of anticipation and numerous teasers, Binance has finally launched its decentralized cryptocurrency exchange (DEX) powered by its own blockchain, Binance Chain. But hold your horses before you get too excited: Binance DEX is only rolling out to a dedicated testnet for the time being. Still, users will now be able to try out the new trading platform.

$300k Fee Charged for A $14 ETH Transaction
Ethereum has a lot of users and one of them is probably getting ready to take out another mortgage after being charged 2100 ETH when trying to send someone just $14 ETH. The transaction fee is worth more than $300,000 with the current rates taken into consideration and even though this is a massive sum, it would hardly cost up to $14 to send to another wallet which leaves a lot of enthusiasts wondering how the network would charge such a massive fee when considering how small transaction is.

Bitcoin on Course to Match Longest Winning Streak of 2018
Bitcoin was set on Wednesday to match its longest winning streak of last year, with traders ascribing a potential sixth straight day of gains to heavy buying of smaller coins and perceptions that cryptocurrencies are gaining ground in mainstream finance.

Mastercard & Visa Could Be Unintentionally Driving Merchants to Bitcoin
Mastercard and Visa are two of the biggest financial services in the world and they are both right on the edge of hiking the fees they charge to merchants who accept credit and debit cards. These new fees could be introduced as soon as April. While credit card payment service giants are both anticipating the move will help them move further line their financial coffers, merchants will most likely look elsewhere.

Top Movers

Top 5 Gainers

Top 5 Losers

Source: Coinmarketcap.com

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