Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 5,797.25 with a loss of 4.82% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $8,113 representing a gain of 0.14% in the last 24 hours. More than $700 M worth of BTC were exchanged in the BTC/USD market representing a 20% share of the global daily volume. The BTC/JPY pair represents a 56.5% share.

The Ethereum price has risen 0.22% over the past 24 hours and is currently sitting at $512, with over $250 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 36.1% market share of the daily trading volume.

For a more detailed market analysis click here

18 Million XVG Moved From Verge’s Crowdfund Wallet

Recently, about 18.6 million XVG ($1.6 million) have been moved from the cryptocurrency’s “partnership crowdfund' wallet. While some claim the funds were sent to cryptocurrency exchange Binance, others claim they were sent to a future partner’s wallet. Verge’s lead developer claimed the funds were sent to “pay for the ledger,” although Ledger’s CTO claims to have no knowledge of it. According to Ledger's CTO, no one in the company is working on integrating XVG neither exists any partnership between Verge and the company. A Ledger's CTO twitter post reads:

"Except there is no partnership nor planned integration with us."

Read more here

Mastercard Eyes Blockchain for Fighting Fake Identities

Last Thursday, in an application released by the U.S Patent and Trademark Office (USPTO), Mastercard showed its interest in using the blockchain as a way to safeguard identity data. The company described a system in which a semi-private or private blockchain would be used to receive and store identity data. The data could include a "name, street address, tax identification number" and more. The company said:

"The use of a blockchain for the storage of identity and credential data may provide for an immutable storage of such data that can provide an accurate verification thereof and also prevent the fabrication of such data."

Read more here

Latvia May Apply 20% Tax On Cryptocurrency Transactions

The director of the country's Finance Ministry's Department of Direct Taxes, Astra Kalane, revealed on public radio that "cryptocurrency transactions are very similar to capital gains." Based on that premise, Latvia plans to apply a 20% capital gains tax on cryptocurrency transactions. Chinese news outlet Xinhua wrote:

"A possible regulation for crypto currencies was also discussed in the Latvian parliament on Wednesday, as representatives of the national financial regulator, the Financial and Capital Market Commission (FCMC), reported to the parliament budget and finance (taxation) committee on the situation with crypto currencies in Latvia.”

Read more here

RSK & StartupToken Blockchain Asia Roadshow April, 2018

StartupToken has launched another Blockchain Asia Roadshow and this round has partnered with RSK Labs. Conferences will focus on Internet of Value and Blockchain solutions. It will bring together Blockchain startups working with Yacine Terai, CEO of StartupToken as well as local partners and industry experts. Diego Gutierrez Zaldivar, CEO of RSK, will set the stage presenting his vision and RSK, the first open-source smart contract platform pegged to Bitcoin Blockchain.

Things kicked off in Tokyo, where over 500,000 stores are already accepting Bitcoin as means of payment. Other destinations will include Seoul, Singapore, Hong Kong and this time around China has been added with Beijing and Shanghai. China boasts one of the fastest growing crypto communities and most difficult for startups to navigate.

StartupToken Asia Tour alumni stopping by will be Indorse, the decentralized Linkedin, Blox, the portfolio management app and Zilla, the ICO investing guide, recently released in Apple store.

Newcomers include Bundle Network, a platform connected to various exchanges, enabling users to purchase and sell multiple digital assets on simple trade. EthicHub, a P2P lending platform enabling borrowers access to fair rates, financial identities while assuring investors low-risk projects of ethical nature to invest in and Mobilum, who has developed a solution allowing crypto spending through traditional credit cards.

The tour boasts a stellar lineup of strong projects and exciting events. Follow the tour on one of StartupToken’s social media links and on Telegram.