Coin Sheet - August 11, 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...

  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.

  Source

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

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We broke 3,500. I don't think we will stay here. I think this would be a really good time to take some profit. It is very reasonable to expect a pull back within the next couple of days.

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.


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