Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 9,782.32 with a gain of 2.24% for the day.

See the live index here

Market Update

Yesterday, Bitcoin has cemented its glory year by hitting $20,000, barely a month after reaching five figures for the first time. After several weeks of considerable volatility, Bitcoin finally achieved its new historic high.

At the time of writing, the Bitcoin price is sitting at $18,966, representing a loss of 3.2% in the last 24 hours. More than $2.6B worth of BTC were exchanged in the BTC/USD market representing a 37% share of daily volume, second to the BTC/JPY that represents a 39% share.

The Ethereum price has dropped by 0.5% over the past 24 hours and is currently sitting on $715, with over $400M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 31% market share of the daily trading volume.

See live charts here and here

CME Bitcoin Futures Price Above $20k in First Day Trading

The CME Group long-awaited Bitcoin futures began trading today and the sale price for the January 2018 contracts opened above $20,000.

Coming months after the Chicago-based derivatives exchange operator first revealed its plans for dedicated Bitcoin offerings, the CME Group launch took place today at 23:00 UTC. More than 200 January 2018 contracts were bought during the first hour, CME data reveals.

Read more here

South Korean Cryptocurrency Exchanges to Implement Self-Regulation

The Korean Blockchain Industry Association announced self-regulatory measures for cryptocurrency exchanges, at a press conference in Seoul on Friday. This came one day after the Country’s regulators released their emergency measures aimed at curbing the crypto market.

The association claims to have over 40 companies participating in the self-regulatory initiatives. Among them are 14 Bitcoin exchanges including the Country’s top three – Bithumb, Coinone, and Korbit. The Korea Times stated:

"The Korean Blockchain Industry Association said 14 cryptocurrency exchanges in the country agreed to implement plans to help protect investors’ assets and make the listing process of new cryptocurrency products more transparent. We will cooperate with government plans for safer cryptocurrency trading via voluntary regulation"

Read more here

US Treasury Report: DLT Data Storage Raises Oversight Concerns

The U.S. Treasury's Financial Stability Oversight Council (FSOC) released its annual report on the state of financial markets and the nation's economy. The report details that cryptocurrencies "represent a different approach to payment."

The FSOC also notes in the report that the tech's use could lead to issues for regulators, particularly in regards to information that is stored across a distributed network rather than one, centralized place. The report's authors stated:

"As with any new development, virtual currencies and distributed ledger technologies can create risks and vulnerabilities that call for continued regulatory monitoring and coordination. In particular, decentralization of data storage from [the] use of distributed ledgers may raise challenges for supervision and regulation, as current regulatory practices were designed for more centralized systems."

Read more here

Recently Added:

MTRC added to Ongoing ICO list

The SelfKey Pre-Public Sale is Open Until Dec 24th at a 30% Bonus at Selfkey.org

The Selfkey team has over 65 people, having built the 3^rd generation of their software platform in collaboration with Standard Chartered Bank. This same technology has powered Airswap, Gatcoin, Aditus, AiX, Hotoken and the SelfKey sale, that has been developed since 2014 under KYC-Chain.

The SelfKey Identity wallet (which stores ETH and any ERC-20 token) will allow you to easily complete KYC and signup for things like 1 click token sale, bank account, residency, or more. Checkout the marketplace demo here. The Selfkey Network will launch on January 15^th with a working, open source, desktop wallet.

The SelfKey marketplace also lets users signup for bitcoin exchange accounts, bank accounts, residency, wallets, gold storage, insurance, incorporation, trust setup, foundation structuress, and even a second passports and real estate with a free second passport that you can pay for with bitcoin. All the links are working marketplace demos.

Users will have to stake KEY in order to unlock the ecosystem.

To learn more about SelfKey please read the whitepaper or visit the website. The cap is US$21m and SelfKey already raised over US$9.3m in the pre-public sale. Whitelist yourself today at Token.selfkey.org