Market Analysis Report

17 June 2019

Osborne Hopeful on Digital Currencies

George Osborne, the UK Chancellor, has said that he believes digital currencies may well play a big part in our financial future. He went on to say that the UK is committed to low regulation in order to encourage innovation. 

Nobel Committee to Discuss Satoshi Nakamoto Nomination

The Nobel Prize Committee is to discuss the nomination of Satoshi Nakamoto by UCLA Professor Bhagwan Chowdry as nominations are supposed to be kept secret under the terms of letters provided. 

As the FT Slates Bitcoin Microsoft Bets Big

As the FT's tirade on Bitcoin slams the price - Microsoft have announced further ventures with Consensys to incorporate blockchain and Bitcoin into their cloud computing services in conjunction with four unnamed Corporations already on board.  

State of the Crypto

Bitcoin saw significant downward pressure yet again yesterday but broke the spell to rally up to $333.5 at present. Volumes are climbing with USD trade reaching $64 million. 

Litecoin again has remained synchronised to the Bitcoin price movements - up 6% for the day at $3.2.  

ETH - has stayed steady on the day at 0.00271 BTC per Ether. 

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