Market Analysis Report

17 June 2019

Market Update - Bitcoin Hits $10,000!

Yesterday, Bitcoin achieved a historic milestone, surpassing the $10,000 mark for the first time in its short history.

At the time of writing, the Bitcoin price is sitting at $10,625, representing a gain of 7.8% in the last 24 hours. The total market capitalization of Bitcoin is over $177.5 billion, following the establishment of a new all-time high of roughly $10,744 earlier today. More than $1.3B worth of BTC were exchanged in the BTC/USD market, representing a 19.5% share of daily volume, second to the JPY at 63.8%.

Currently sitting at $471, the Ethereum price has dropped 0.5% in the last day. Over $320M worth of Ether were exchanged in the past 24 hours on the ETH/USD pair which has a 30.5% market share of the daily trading volume.

Bitcoin Cash dropped 2.5% over the last 24-hours, with BCH currently trading at $1,524. More than $190M worth of BCH were exchanged on the BCH/USD pair and the current market cap for Bitcoin Cash is $25.6 B

See live charts here, here and here

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 5,620.32 with a gain of 1.50% for the day.

See the live index here

Job Application: Quality Assurance Manager - London

CryptoCompare is looking for a Quality Assurance Manager to join their London office. As a QA you will be working on bringing our website, mobile app (iOS and Android), API and other client products to success.

Read more here

The First DPOS Lightning Bitcoin Hard Fork is on the Way

After Bitcoin Cash, Bitcoin Gold and Bitcoin Diamond, another forked-coin is coming on the way. Lightning Bitcoin, a project initiated by a European team, will become the first forked-coin to adopt the DPOS consensus mechanism.

The Lightning Bitcoin (LBTC) will fork at block 499,999 or around the 23rd of December, 2017. The team aims to make Bitcoin transfers as fast as lightning, or at a maximum of 24 million transactions a day. The answer to this is the DPOS mechanism, according to the project’s proponents. The official website reads:

"The DPOS consensus will significantly reduce the number of participating verification nodes and help LBTC reach consensus in seconds and boost the transaction speed to really be as fast as lightning."

Read more here

Japan’s BitFlyer Opens Bitcoin Exchange in the United States

The Tokyo-based Bitcoin exchange bitFlyer has announced its official expansion into the United States and has also been granted a BitLicense to operate in New York.

Announced today, the official launch of bitflyer USA follows a closed beta where 2,000 select traders bought and sold Bitcoin through the newly launched platform. bitFlyer, Japan’s largest bitcoin exchange by trading volume, established an office in San Francisco in August and notably revealed it had already obtained regulatory approval to operate in 34 states. The bitFlyer's CEO, Yuzo Kano, stated:

"bitFlyer is proud to have been granted a BitLicense to do business in the state of New York. This is a nod of approval from one of the most influential state financial services regulators in the nation.”

Read more here

Bitcoin ABC Developers Announce Medium-Term Bitcoin Cash Roadmap

Yesterday, the Bitcoin ABC development team released its medium-term plans for the Bitcoin Cash roadmap. Developers say that the proposal represents the goals for the next 6-12 months. The organization is also collaborating with seven other development teams who have a shared vision. The Bitcoin ABC roadmap reads:

“Bitcoin ABC developers have been collaborating and communicating with developers and representatives from several projects, including Bitcoin Unlimited, Bitprim, Nchain, Bitcrust, ElectrumX, Parity, and Bitcoin XT."

Read more here

Zen Protocol – Finance in your hands.

Zen Protocol is a blockchain built for finance. Just as Bitcoin is designed as peer-to-peer money, Zen Protocol is designed for peer-to-peer trade, giving you total control over your financial assets. It uses provably secure, fast smart contracts that can respond to the Bitcoin network.

Zen's focus on finance makes issuing and trading assets like options, swaps, stocks and futures quick and reliable. Zen Protocol has an open Alpha client and running testnet, with contracts that show real financial use cases.

Multihash mining lets native token holders vote on which hash algorithms secure Zen Protocol. This governance solution gives both miners and token holders a role in maintaining the network.

The Zen Protocol native token is also used to activate contracts. It's a key part of the network's security by proof of work.

Crowdsale: Zen Protocol Development is selling 12 million native tokens in its pre-sale and crowdsale. The crowdsale opens on the 30th of November. The estimated price per token is 0.000365 BTC.

Rebellious: A Cryptocurrency Aiming Power Into the Community Behind it

Rebellious is forever changing the way cryptocurrencies are viewed. By putting an emphasis on community and sharing their token equally among its members, they are creating a currency that focuses on usability and investment over trading. You too can join the revolution. Joining Rebellious is free. Simply head over to their application form and get involved!

Want to become a Rebel? By meeting the minimum requirements, they will send 2000 REBL your way. If you can go the extra mile and fill the whole form, they will send you 4000 REBL.

Want to do more? If you are inspired to let your creativity run wild, they are also holding a freestyle competition. You can enter a video or an image to stand the chance of winning an additional 5000 REBL!

Join the Airdrop!

Press Release

State of the Crypto

Bitcoin is up 7.8% at $10,625,700 with a volume of $129.4k - $1313.9M on the USD pairs.

Litecoin is up 6.03% against the dollar for the day at $97.43 and down 1.72% to Ƀ0.009137 on volumes of Ƀ10.0k.

Ether is down 7.95% against Bitcoin at Ƀ0.04423 per Ether and down 0.52% against the dollar to $471.29 with average volume Ƀ38.1k on the ETH/BTC pair.

Dash is down 5.96% at Ƀ0.05866 with Ƀ6.9k volume and up 1.19% against the dollar at $622.42.

Ripple is down 5.97% to Ƀ0.00002459 with volumes of Ƀ11.0k and up 1.71% against the dollar at $0.2616.

Zcash is down 6.18% for the day to Ƀ0.03279 per ZEC and up 1.31% against the dollar to $348.05 with an average volume of Ƀ5.7k for the 24 hour period.

Monero is up 3.9% against the dollar at $191.52 and down 4.29% against Bitcoin at Ƀ0.01805 on volumes of Ƀ7.3k.

Ether Classic is down 3.29% to Ƀ0.00279 with volumes of Ƀ17.1k and up 4.56% against the dollar at $29.61.

Bitcoin Cash is down 9.88% to Ƀ0.1432 with volumes of Ƀ55k and down 2.5% against the dollar at $1,524.42.

Waves is down 9.53% to Ƀ0.0005372 on Ƀ2.4k volume.

Stratis is up 6.54% to Ƀ0.0005734 on Ƀ5.1k volume.