Market Analysis Report

Monero Price Pierces $150 After Bithumb Opens XMR/KRW Trading

The Monero price has initiated an impressive rally during the latter half of August, culminating in a 7-day rise of 100% between August 21 and August 28. Although there are other factors at play, most of this movement should be attributed to the introduction of XMR/KRW trading on Bithumb, the biggest exchange in South Korea.

As a result, Monero is up 4% in the last 24 hours to $141.77 with roughly $43.19M exchanged on the USD pairs. The KRW currently makes up 5% of the daily volume.

Read more here and See more here

$160 Billion: Cryptocurrency Market Cap Sets New All-Time High

Spurred by increases in investment, the total value of all traded cryptocurrencies and crypto assets pushed past $160 billion for the first time ever. The figure is now up 1,500 percent from the $10 billion observed at the start of the year.

At present time, the Bitcoin market dominance is down to 44,8% due to recent surge market for LTC, XMR and ETH. The current Market Cap of BTC is $72.2 B.

Read more here

SEC Warns Public Companies Are Using ICOs to Pump Stocks

The US Securities and Exchange Commission is warning investors about the risk of public stock scams that use cryptocurrencies as a promotional tactic. Published yesterday, the SEC investor alert primarily focuses on cryptocurrency-themed promotions from publicly traded companies. The SEC said in its alert:

"Fraudsters often try to use the lure of new and emerging technologies to convince potential victims to invest their money in scams. These frauds include 'pump-and-dump' and market manipulation schemes involving publicly traded companies that claim to provide exposure to these new technologies."

Read more here

UTRUST Joins Blockchain Consortium Crypto Valley in Switzerland

UTRUST, a fintech solutions company is on the verge of making cryptocurrency payments a norm with its new PayPal-like platform. Unlike other cryptocurrency payment processors, the UTRUST payment solution ensures that the interests of both users and merchants are protected.

Utrust has completed its Pre-ICO yesterday and is now moving along to its ICO on 4th September.

Read more here and See ICO details here

BarterDEX: The First Fully Decentralized Exchange

The BarterDEX is a decentralized exchange developed by SuperNET, allowing coins to be exchanged directly without the use of proxy tokens. BarterDEX was launched during June and it features a wide selection of cryptocurrencies including fiat currencies powered by Komodo’s asset chains. Jl777, lead developer for the SuperNet project stated:

“You can directly ensure liquidity for your coin and trade against dozens of coins without risk of central exchange.”

Read more here