CoinSheet - Aug 14, 2017
CoinSheet - Aug 14, 2017
QUOTE OF THE DAY
“Take your profits or someone else will take them for you.”
- J.J. Evans
COIN BULLETIN
Welcome To The Unicorn Club
Coinbase announced on its blog that it has raised $100 million in "Series D" funding led by U.S. venture capital firm IVP.
Coinbase said it would use these funds to:
Expand its customer support and engineering teams.
Open a GDAX office in New York City.
Invest in Toshi (yes, Coinbase has a 3rd product).
This makes Coinbase first crypto start-up to achieve a valuation of at least $1 billion. Coinbase doesn't get enough recognition for all the good it goes, so congratulations team Coinbase! Maybe now you'll hire a second customer support rep!
Oh Yeah, Coinbase! Well Look At This!
Filecoin ICO'd and has raised an estimated $200 million from accredited investors...in under 60 minutes.
SEC be like...
Market Capitalization
In other news, the total value of all cryptocurrencies set a new all-time high today, rising above $127 billion for the first time in crypto history. NBD (no big deal). I think you're all numb to seeing "all-time highs" anyways. Oh yeah, and Bitcoin finally breached the $3,500 dollar mark. Let the countdown begin.
THINGS I LIKE
Cryto-Drama
Bitcoin Core developers remain adamant in opposition to SegWit2x, potential showdown in November.
Read more about this here.
MARKET SENTIMENT
Technical Signals
We broke 3,500. I don't think we will stay here. I think this would be a really good time to take some profits.
My Current Sentiment: Bearish
Daily Number Indicator
Don't know what this is? Read here.
This indicator is signaling that you should take profits and stay in cash.
Have suggestions? Questions? Want To Say Hi?
Let me know on Twitter @dmitriy_or_dima.
Join The Discussion On Discord
Here's an invite: https://discord.gg/UTp6bCU
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