Greetings from Barcelona!
I’m taking a break from Mallorca to meet up with World Mobile CEO Micky Watkins. I’ll also be taking the opportunity to visit Alfred Moesker who owns the first business in the world to have accepted ADA as a method of payment.
I shall look forward to taking part in a podcast recording in Alfred’s new dedicated room.
Meanwhile it gives me great pleasure to announce the fully independent panel of Judges for the Crypto AM Awards 2021 which are being held on 30 September.
Led by Head Judge Rob Gaskell of Appold the panel are:
- Gokce ‘GG’ Gizer, EdenBase.com
- Toby Lewis, Novum Insights
- Erin Grover, Jacobi Asset Management
- Jonny Fry, Team Blockchain
- Alissa Ostrove, CryptoCompare
- Jason Tucker-Feltham, Venrai
- Amélie Arras, Zumo
As soon as they have held their initial meeting and confirmed the fourteen award categories, Crypto AM Editor Darren Parkin will be publishing an article introducing the Judges in more detail, revealing this year’s categories and procedure for entry.
Having set out to disrupt the DeFi predictions space, TotemFi’s platform launch represents the culmination of the project’s mission and vision:
‘Non-punitive prediction markets where users don’t incur losses if their predictions are inaccurate, and a protocol which pays rewards in BTC as well as native tokens, to drive real value for users.’
I’ve kept a beady eye on them ever since so I thought I’d say congratulations and good luck to team Totem!
Crypto at a glance
Bitcoin flagged a little after its incredible recent run over the last month, with the world’s largest cryptocurrency by market cap currently down slightly since this time yesterday to almost $47k. Can it gather the energy for another run to $50k?
The Bitcoin price has now climbed more than 50 per cent in less than a month, up from lows of $29k in July. Commentators argue that this type of rapid price movement will naturally lead to profit-taking, as investors look to sell for a return on their investment.
The drop is echoed by a wider fall across the crypto markets, with the total market cap dipping back below $2 trillion again today. Ethereum is down two per cent today, currently changing hands for just over $3.2k. XRP and Cardano are also down today after impressive recent runs, although both are still up more than 40 per cent over the past seven days.
Of the major cryptocurrencies, the only one starting in the green today is Solana, which continues its breakout to new all-time highs. It’s up another 17 per cent at time of writing to around $72,50. Solana is increasingly emerging as a challenger to Ethereum as the blockchain of choice for building decentralised applications, with the value of all the tokens staked in Solana-based decentralised finance applications approaching $2 billion. It’s only just recently entered the top 10, but can its innovative proof of history consensus mechanism see it outstrip other so-called Ethereum killers such as Polkadot (DOT)?
The Crypto AM London Blockchain & DeFi Summit will be held on September 29 and 30…
Day one will be held in two pavilions hosting the Crypto AM City of London Roundtables so that delegates can meet and network with each other and learn from great discussions and talks.
Day two will be summit day (streamed and live audience) at the Leonardo Royal Hotel, St Paul’s, finishing with the black tie gala dinner in the same venue where the winners of the Crypto AM Awards 2021 will be revealed.
For speaking opportunities, partnership packages or attendance (tickets will be strictly limited and by application) please email: email@example.com using the subject line ‘CRYPTOAM SUMMIT’.
Would you like to help spread the adoption and education of Bitcoin in the UK and even stack some Sats while you’re doing it? Well, now you can!
The Bitcoin Pioneers community, backed by Barry Silbert’s Digital Currency Group, was created to introduce Bitcoin to a mainstream audience in a meaningful way and now has members right across the UK.
We share tips, stories and ideas on how to encourage others to try Bitcoin for the first time. And, thanks to support from Luno, each Pioneer gets £500 of Bitcoin a month to share with beginners, helping them get started.
So, if you’re passionate about Bitcoin, why not join today? Click here to find out more!
All feedback on Crypto AM Daily in association with Luno is welcome via email to James.Bowater@cityam.com 🙏🏻
Yesterday’s Crypto AM Daily in association with Luno
In the markets
The Bitcoin economy
*Definitions and insights can be found at https://bytetree.com/insights/
Total crypto market cap
The total capitalisation of the entire cryptocurrency market at time of writing is currently $1,987,533,034,463.
What Bitcoin did yesterday
We closed yesterday, 16 August, 2021, at a price of $46,004.48, down from $47,047.00 the day before.
The daily high yesterday was $47,998.10 and the daily low was $45,700.32.
This time last year, the price of Bitcoin closed the day at $12,254.40. In 2019, it closed at $10,231.74.
Bitcoin market capitalisation
Bitcoin’s market capitalisation at time of writing is $860.81 billion. To put it into context, the market cap of gold is $11.389 trillion and Facebook is $1.033 trillion.
The total spot trading volume reported by all exchanges over the last 24 hours was $31,293,873,482 down from $33,898,353,330. High volumes can indicate that a significant price movement has stronger support and is more likely to be sustained.
The price volatility of Bitcoin over the last 30 days is 55.65%.
Fear and Greed Index
Market sentiment today is 72.
Bitcoin’s market dominance
Bitcoin’s market dominance today is 44.25, Its lowest ever recorded dominance was 37.09 on January 8, 2018.
Relative Strength Index (RSI)
The daily RSI is currently 64.26. Values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience a correction in price – an RSI reading of 30 or below indicates an oversold or undervalued condition.
Convince your Nan: Soundbite of the day
“I approached #Bitcoin as a great open-source project. After some time, I also got interested in the monetary innovation that it represents, and I am still discovering amazing new things every day.”
– Jehudi Castro Sierra, advisor to the President of Colombia
What they said yesterday
Lazer eyes into hyperdrive…
Ted Cruz is really getting into this…
Crypto AM Editor’s Pick
OccamFi receives strategic investment from Cardano early stage VC Fund
Proof of Stake gives us a real opportunity for change
Fabric Ventures announces $130m fund to invest in digital assets and decentralisation
US steps closer to cryptocurrency tax after last minute bill addition
What needs to happen with cryptocurrencies for regulators to more readily accept this industry
London crypto leader’s book is flying off the shelves
Crypto AM: Longer Reads
City AM Markets: What is Decentralised Finance (DeFi) by Aave
Crypto AM: Conversation with James Bowater
Crypto AM: Market View in association with Ziglu
Crypto AM: Technically Speaking in association with Zumo
Crypto AM: A Trader’s View with TMG
Crypto AM: Tomorrow’s Money with Gavin S Brown
Crypto AM: Mixing in the Metaverse with Dr Chris Kacher
Crypto AM: Visions of the Future, Past & Present with Alex Lightman
Crypto AM Contributor: Jilian Godsil
Crypto AM: Talking Legal
Crypto AM: Spotlight
Crypto AM: Founders Series
Crypto AM: Industry Voices
Crypto AM: Tiptoe through the Crypto with Monty Munford
Crypto AM: Definitively DeFi
Crypto AM Parliamentary Special
Part one of two – April 2021…
Part two of two – April 2021
Five Part Series – March 2021
Crypto AM Events
For those of you who missed the Crypto AM DeFi & Digital Inclusion online summit – you can now watch the event in two parts via YouTube:
It’s definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. City AM, Crypto AM and Luno always advise you to obtain your own independent financial advice before investing or trading in cryptocurrency.
All information is correct as of 08:00 BST