CoinSheet - March 21, 2018
"There is a role and function for beauty in our time."
-Tadao Ando
CoinSheet #176
COIN BULLETIN
Bittrex to Remove Over 80 Altcoins from Its Exchange
Bittrex does spring cleaning!
A cited reason for the delistings is that these coins have thin liquidity, etc...yada yada yada...Look. they're just trying to be polite. These are all certified shitcoins.
Bittrex is trying hard to make sure tokens that are listed on the exchange are compliant with U.S law and are not considered securities. And if Bittrex really wants to be compliant, we're going to see many more coins go.
The coins being delisted are: 8BIT, ADC, AM, AMS, APEX, ARB, BITS, BITZ, BLC, BOB, BSTY, BTA, CCN, CRBIT, CRYPT, DAR, DGC, DRACO, DTC, FC2, FRK, FSC2, GEMZ, GHC, GP, GRT, HKG, HYPER, HZ, J, KR, LXC, MAX, MEC, METAL, MND, MTR, MZC, NAUT, NET, NEU, NTRN, OC, ORB, PRIME, PXI, ROOT, SCOT, SCRT, SFR, SLG, SLING, SOON, SPRTS, SSD, STEPS, STV, SWING, TES, TIT, TRI, TRK, U, UFO, UNIQ, UNIT, UNO, UTC, VIOR, VIRAL, VP, WARP, XAUR, XBB, XC, XCO, XDQ, XPY, XQN, XSEED, XTC, and YBC.
CryptoKitties Raises $12M
"CryptoKitties, the ‘world’s most successful blockchain game’, announced it has raised $12 million in funding led by Andreessen Horowitz (a16z) and Union Square Ventures (USV)."
What else is going on...
- Court Orders Telegram to Hand Russia Its Encryption Keys
- Twitter is banning cryptocurrency advertising
- Tether Issues $300 Mln In New Tokens
THINGS I LIKE
An Overview of Cryptocurrency Consensus Algorithms
A consensus algorithm is a process in computer science used to achieve agreement on a single data value among distributed processes or systems.
You can read about the ones most applicable to crypto here(and become smarter than your friends).
- Proof-of-Work (PoW)
- Proof-of-Stake (PoS)
- Delegated Proof-of-Stake (DPoS)
- Byzantine Fault Tolerance (BFT)
MARKET SENTIMENT
Top 5 Winners
Top 5 Losers
Nothing really significant here.
Technicals
(I'm travelling and don't have excel on this laptop, so you won't see the usual sheet until Monday)
Bitcoin
G-20, crypto oversight, banning crypto, regulation, etc... Don't let any of these get to you, because they're largely irrelevant.
I do not think legitimate currencies like Bitcoin and Monero are not going to be affected in the long term by regulation or lack there of.
With that said, we're still in a bearish downtrend.
ANNOUNCEMENTS
Man, Puerto Rico was nice. Buncha scammers out there, but it was nice nonetheless. I should probably do a write up of my experience there. Maybe I'll just do a live-stream and talk about it. We'll see.
I'm currently in the Miami area and will be here until the 25/26th of March.
Thank you for reading!
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