PBoC crypto asset is "ready" / Goldman Sachs bullish on Bitcoin / Ether to hit $1,000 again

Inside Bitcoin presented by Xeric Watches.

Presented by Subscribe | View in browser Market Watch: Bitcoin remains within the $11,000 range, and has taken a step back from its Friday high of $11,700. Out of the top five, it's the only one in the red during trading Monday morning. Bitcoin: $11,373 (⬇️ 0.26%) // $203.2 billion market cap. Ethereum: $211 (⬆️ 0.18%) // $22.7 billion market cap. XRP: $0.301 (⬆️ 0.43%) // $12.9 billion market cap. Bitcoin Cash: $330 (⬆️ 2.50%) // $5.9 billion market cap. Top 100 Winner: bitUSD: $25.58 (⬆️ 88.12%) // $92 million market cap. Top 100 Loser: Egretia: $0.047 (⬇️ 8.37%) // $201 million market cap. Prices are as of 11:40 a.m. EDT.       1. The People's Bank of China (PBoC) is reportedly "ready" to launch its cryptocurrency. In an announcement, it states that research into the country's central bank digital currency has been ongoing for five years. Now, though, after some minor changes, the coin is "said to be ready." The timing of this follows on from Facebook's intention to release its Libra stablecoin in 2020. However, the social media platform has faced criticism from global regulators who are concerned about users' data protection. –SHANGHAI SECURITY NEWS       2. Coinbase is removing support for Zcash for its U.K. customers. In an email sent out on Friday, the platform stated that from August 26, customers in the U.K. will no longer have the option of holding the privacy cryptocurrency. Customers will have to either convert their funds into any other crypto on Coinbase or send it to a hardware wallet or another exchange. If funds aren't moved by the deadline, the platform will "automatically liquidate" customers' money into their GBP wallets before removing the Zcash wallet from their Coinbase account. The company hasn't given any reason yet for the delisting of Zcash. –THE BLOCK       A MESSAGE FROM XERIC WATCHES NASA just collaborated with Xeric Watches to create the perfect gift for space nerds Xeric has teamed up with NASA to create a brand new otherworldly collection of watches to celebrate the 50th anniversary of our landing on the moon. If you pre-order right now, you can secure the super early bird pricing and save 36% off the future retail price. 3. Now is a good time to buy Bitcoin, according to an analyst's note from investment bank Goldman Sachs. According to a tweet, the bank considers a short-term target for the number one crypto asset at $13,971 and that investors should consider purchasing any dips on the digital coin. The price target is based on the Elliott Wave Theory, which looks at market trends by noting investor movements, as well as price highs and lows. It added that Bitcoin would find support at $11,094, suggesting the first of a five wave count, and that it could move higher to $12,916 and then $13,971. Any retracement from the two latter figures present a buying opportunity, the note states. –COIN DESK       4. The price of Ether is likely to trade above $1,000 again, according to a Twitter survey. Conducted by Nik Patel, author of An Altcoin Trader's Handbook, 54 percent of those who took part think it will revisit $1,000. However, of the more than 5,400 respondents, 34 percent don't think it will. Ether reached a high of $1,400 during the crypto bull run at the beginning of 2018; yet, at the moment it trades at $212, according to CoinMarketCap. –COINTELEGRAPH       A MESSAGE FROM NOOM Find out how much weight you'll lose for good with Noom's free 30-second online evaluation.  Noom helps you build healthier habits to lose weight—no dieting needed! Get Personalized Support Every Step of the Way. You Can Do It with Noom! Start Now! Long Term Weight Loss. 14 Day Trial. Virtual Coaching. Services: Weekly 1-on-1 Appointment, Daily Lessons, Tracking Tools. 5. Nigel Green, CEO and founder of deVere Group, an independent financial consultancy, thinks that Bitcoin could hit $15,000 "within weeks." He is the latest figure to point to a falling Chinese renminbi against the U.S. dollar as the reason why Bitcoin is steadily being seen as a safe haven asset. Crypto bull Mike Novogratz is another who believes trade tensions between China and the U.S. could give the Bitcoin rally "real legs." –COIN RIVET       6. New Zealand's Inland Revenue Department (IRD) has published a bulletin stating that it's legal for companies to pay their employees in Bitcoin and other cryptocurrencies. However, one of the caveats is that the main function of the coin must be as a replacement for fiat, thus preventing companies from paying their employees in lesser-known altcoins. –THE NEXT WEB       7. Crypto mining hardware manufacturer Bitmain has accused a project of falsely using its name in a product known as Bitmain Cloud Miner and in the promotion of Mangocoin. In a blog posted on Friday, the manufacturer stated that it is not connected with the Bitmain Cloud Miner or Mangocoin and neither have been developed by Bitmain. –BITMAIN       8. The Zscaler ThreatLabZ team have uncovered the sale of a new Trojan being sold on the dark web enabling hackers to steal a person's bank details, cryptocurrency wallets, and online gaming credentials. Known as Saefko and written in .NET, the Trojan has been labeled a new threat to the space due to the variety of tools it offers potential hackers to unsuspecting victims. –ZDNET       9. New York-based bank Quontic is reportedly opening its doors to the crypto sector. Several weeks ago, the bank opened a checking account with a Bitcoin ATM company and is believed to be in talks with another crypto firm to open accounts with them. The bank is hoping that by taking action now, it will be one step ahead of others when regulations become clearer in the U.S. –FINANCE MAGNATES       10. Mexico's Federal District Government Transport and Highway Secretary is integrating with the MexiCar platform to secure, store, and track vehicle ownership and registration on the blockchain. The platform is being developed by DeepCloudAI and hopes to enable users to secure their vehicle registration through digital documentation with government agencies, insurance companies, and law enforcement. –ENTERPRISE TIMES       This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. Connect with her on Twitter. Editor: David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).

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Difference between ETC and ETH

An original interview of Donald McIntyre by Omar Faridi. Can't see images? Click here... Hi there, Donald McIntyre goes over the differences between ETC and ETH in his new article "Ethereum Is A Sports Car and Ethereum Classic is an Armored Vehicle". Let's explore the differences together. Read the article here! Thanks again for choosing to keep up with ETC. Until next time, ~Bob Summerwill Executive Director | Ethereum Classic Cooperative @BobSummerwill Know someone else that needs to keep up with all things ETC? Share this message!  ETC Cooperative 636 Avenue of the Americas 3rd Floor New York, NY 10011 Add us to your address book SHARE TWEET FORWARD You received this email because you signed up on our website or made a purchase from us. Unsubscribe

Predicting bitcoin with real usage index

August 12, 2019	View in browser

Good morning! Thanks for reading. If you enjoy our newsletter, please share us with a friend and tell them they can subscribe here.

Today's top reads

1. Real usage on bitcoin
2. Dapp users are growing up
3. Long in Hong Kong
4. Crypto gaming...overvalued?

This week's poll: Have you ever played a crypto-based game like CryptoKitties?
Click to answer:
Yes!
Nope

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Market update

COIN	PRICE	7-DAY
BTC	$11,372.04	- 2.74%
ETH	$212.03	- 8.53%
XRP	$0.300	- 7.35%
BCH	$331.60	- 4.54%
LTC	$87.14	- 10.74%

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1. Real usage on bitcoin

Bulls are out and the feeling of fresh highs seems to be nearby. And although predicting the price of bitcoin isn't easy (it's actually rather impossible), there is one metric that investors should be paying attention to...

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2. Dapp users are growing up

Gambling is going away. Not entirely, but on ethereum's network, decentralized applications (dapp) classified as "gambling" have dwindled to a volume of just..

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3. Long in Hong Kong

Hong Kong is heating up. In a clash between the city and the surrounding nation, tear gas is lining the streets as citizens protest for freedoms mainland China doesn't have. Because of these freedoms, only 11% of Hong Kong citizens identify as Chinese and naturally, this leads to poor trust in Chinese government.

That fear is what's driving these protests...and also bitcoin's Hong Kong premium...

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4. Crypto gaming...overvalued?

While the gaming hasn't been a main focus of crypto assets, sharing less than 0.13% of the total crypto market capitalization, the sector still has a healthy $380.5 million valuation. It's also an attractive area to venture capitalists with CryptoKitties and Mythical Games both collecting more than $10 million in funding.

But who's really using these?...

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6. Diversify or nah?

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