Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 5,792.41 with a gain of 3.90% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $8,117 representing a loss of 0.54% in the last 24 hours. More than $600 M worth of BTC were exchanged in the BTC/USD market representing a 19.1% share of the global daily volume. The BTC/JPY pair represents a 57.7% share.

The Ethereum price has dropped 0.5% over the past 24 hours and is currently sitting at $514.68, with over $150 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 30.2% market share of the daily trading volume.

For a more detailed market analysis click here.

NY Launches Inquiry Into Crypto Exchanges

Yesterday, Attorney General Eric Schneiderman announced in a press release the "Virtual Markets Integrity Initiative", saying it was "a fact-finding inquiry into the policies and practices" of cryptocurrency trading platforms. Letters were sent to 13 exchanges, seeking information about their "operations, use of bots, conflicts of interests, outages, and other key issues". The announcement reads:

"We are aware that certain trading platforms have formal rules barring access in New York and may not have a license to engage in virtual currency business activity in New York. Among other topics, we are asking platforms to describe their measures for restricting trading from prohibited jurisdictions."

Read more here

Verge Finally Reveals Identity Of Mystery Partner - PornHub

The Verge (XVG) team finally ended four weeks of speculation today by revealing that its mystery partner is none other than adult entertainment site Pornhub. Pornhub now accepts XVG tokens as a new form of payment. On a Twitter post, the Verge team announced:

"Pornhub is now accepting VERGE! Your favourite adult brands are now accepting @vergecurrency to pay for memberships +more"

Read more here

Amazon Sees Bitcoin Use Case in Data Marketplaces

Yesterday, Amazon has won a patent for a streaming data marketplace that could allow subscribers to receive real-time cryptocurrency transaction data. The patent describes a system in which individuals and organizations can put streaming data feeds up for sale (using bitcoin and cryptocurrency transaction data as an example) and combining it with information from the additional sources to make it more valuable. The patent states:

"For example, a group of electronic or internet retailers who accept bitcoin transactions may have a shipping address that may correlate with the bitcoin address. The electronic retailers may combine the shipping address with the bitcoin transaction data to create correlated data and republish the combined data as a combined data stream."

Read more here

BINEX.TRADE - New Cryptocurrency Exchange Shares Revenue

There are millions of investors trading billions of dollars on cryptocurrencies exchanges and these exchanges are earning millions by charging commission on every trade. BINEX.TRADE is an upcoming tokenized exchange platform that shares trade commission daily with BEX token holders.

Singapore | 12 th April 2018

BINEX.TRADE is the first tokenized cryptocurrency exchange that shares its trade commission with BEX token holders. The exchange offers BEX token (ERC-20) that entitles share in the trading commission to its investor, making BEX a real utility token. The token crowdsale began on 9th March 2018.

The exchange platform introduces a one of its kind, two-way provision to enable the self-sufficiency of the exchange, thereby creating a self-assured income for the traders with BEX tokens. The token holders will have an edge as the Trade Exchange will share 70% of its trading commission proportionally among them based on the daily volume, and proposes to use the remaining 30% for the exchange’s enhancement and maintenance. The earnings per token will grow as the volume of trade on BINEX.TRADE increases.

The exchange has a total of 21 million BEX tokens, 1 million among the founders and advisors, 1 million are distributed as pre-registration bonus and 19 million BEX tokens are available for the crowd-sale. Both expert traders of crypto-currencies and first-time users are invited during the rush hours of the crowd-sale. As an added incentive, the first 60k traders will get rewarded with 5 BEX tokens, followed by 100K traders with 3 BEX tokens and 400K traders with 1 BEX tokens, during the pre-registration period.

The exchange incorporates state-of-the-art digital security features. Furthermore, to aid the investor protection, every user is allowed to purchase a minimum of 100 BEX tokens and maximum of 1000 BEX tokens during the crowd sale. This measure has been undertaken to enhance the credibility of the token while promoting fair distribution and accountability.

Click here for more information about BINEX.TRADE.