QUOTE OF THE DAY
“Take your profits or someone else will take them for you.”
- J.J. Evans
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...
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
Bitcoin Core developers remain adamant in opposition to SegWit2x, potential showdown in November.
Read more about this here.
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
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
Want To Support CoinSheet?
Do it, get perks.
Wait what!? You haven't subscribed?
Let's change that.