Market Analysis Report

23 April 2018

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 7,075.79 with a gain of 4.31% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $8,980 representing a gain of 0.95% in the last 24 hours. More than $600 M worth of BTC were exchanged in the BTC/USD market representing a 17.7% share of the global daily volume. The BTC/JPY pair represents a 60.3% share.

The Ethereum price has risen 4.82% over the past 24 hours and is currently sitting at $641, with over $250 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 29.8% market share of the daily trading volume.

For a more detailed analysis click here

SEC Charges Third ‘Mastermind’ In Centra Tech ICO Fraud

The U.S. Securities and Exchange Commission (SEC) has announced charges against a third partner in an investigation of Centra Tech Inc.’s alleging that was a fraudulent securities offering. In an amended complaint, the commission charged Raymond Trapani, a Centra co-founder. The SEC previously charged Sohrab Sharma and Robert Farkas, two other co-founders, for their roles in the fraudulent scheme. Stephanie Avakian, Co-Director of The SEC's Division of Enforcement stated:

“We allege that Centra sold investors on the promise of new digital technologies by using a sophisticated marketing campaign to spin a web of lies about their supposed partnerships with legitimate businesses. As the complaint alleges, these and other claims were simply false.”

Read more here

Coinbase Suspends WikiLeaks Shop for Terms of Service Violation

Last Friday, cryptocurrency exchange Coinbase, blocked WikiLeaks Shop from transacting on the exchange. According to WikiLeaks, the move was sudden and Coinbase offered no explanation. WikiLeaks informed:

“We regret to inform you that we are no longer able to support your Coinbase account as well as any other accounts you may have created. Please note, we have not blocked access to the balance currently in your Coinbase account; while we can no longer process brokerage orders via our banking relationship, you may still send your balance offsite to an external address."

Read more here

JPMorgan Trial Puts Debt Issuance on a Blockchain

JPMorgan Chase has partnered with National Bank of Canada and other major firms to trial a blockchain platform aimed to improve the debt issuance process. According to Reuters, the platform was tested seeking to streamline origination, settlement, interest rate payments and other processes. Participants in the experiment included Goldman Sachs Asset Management, the fund management arm of Goldman Sachs Group Inc (GS.N), Pfizer Inc (PFE.N) and Legg Mason Inc’s (LM.N) Western Asset. The National Bank of Canada Vice president, David Furlong, stated:

“Blockchain-related technologies have the potential to bring about major change in the financial services industry."

Read more here

Education Token (LEDU) Sees 40% Price Increase in Recent Days

The ERC20 Education token (LEDU) has seen a 40% increase over the last few days, rising from $0.016 to $0.023 USD at the time of writing. It is used to power the Education Ecosystem and is a key component of their plan to disrupt the $306 billion professional development industry using the blockchain. The token is available for purchase on Gate.io and Bibox.

Transforming Agriculture With Blockchain

Pavo is a transformative IoT Blockchain platform for the Ag-Tech ecosystem, enabling:

• Provenance and radical transparency
• Mobile payments, credits, and decreased transaction fees
• Real-time management of supply chain transactions and financing.

The Pavo project is anchored in two major components that meet the needs of agriculture:

1) A fee-based hardware and software platform for growers, designed to increase the yield, quality, and purity of their product, create product differentiation, and maintain regulatory compliance.

2) A cryptocurrency for the agriculture ecosystem – including growers, wholesalers, manufacturers, and suppliers – to be used for secure, safe, and reliable payments

The Pavo software solution helps farmers:

● Record and monitor production practices in real time via the Pavo IoT gateway
● Record, report and analyze activities from planting to spray records to shipping
● Track labour costs and productivity to optimize human resources and related costs
● Easily measure and track the entire cultivation operation from anywhere in the world.

The Pavo token (PAVO) is a cryptocurrency payment system that enables agriculture market participants, such as growers, producers, innovators, retailers, and service providers in our network to accept digital payments from their customers and community members. The token will also facilitate smart contract execution between market participants and the data sharing across the entire supply chain.

Read more here

Press Release

State of the Crypto

Bitcoin is up 0.95% at $8,980.940 with a volume of Ƀ69.1k - $618.2M on the USD pairs.

Ether is up 3.9% against Bitcoin at Ƀ0.07167 per Ether and up 4.82% against the dollar to $641.57 with average volume Ƀ35.8k on the ETH/BTC pair.

Bitcoin Cash is up 22.53% to Ƀ0.1588 with volumes of Ƀ37.4k and up 24.23% against the dollar at $1430.1.

Ripple is up 0.42% to Ƀ0.00009749 with volumes of Ƀ17.8k and up 1.59% against the dollar at $0.8742.

Zcash is up 0.95% for the day to Ƀ0.03096 per ZEC and up 1.95% against the dollar to $280.37 with an average volume of Ƀ2.6k for the 24 hour period.

Litecoin is up 2.57% against the dollar for the day at $151.47 and up 1.56% to Ƀ0.01689 on volumes of Ƀ8.8k.

Dash is up 3.31% at Ƀ0.05272 with Ƀ4.8k volume and up 4.55% against the dollar at $474.09.

Iota is up 2.98% to Ƀ0.0002317 on Ƀ3.7k volume.

Ether Classic is up 6.46% to Ƀ0.002274 with volumes of Ƀ5.4k and up 7.54% against the dollar at $20.39.

Monero is up 12.12% against the dollar at $284.37 and up 11% against Bitcoin at Ƀ0.03168 on volumes of Ƀ6.7k.

Neo is up 1.37% for the day to Ƀ0.008504 per NEO and up 2.47% against the dollar to $76.28 with an average volume of Ƀ4.1k for the 24 hour period.

Waves is up 1.35% to Ƀ0.0005925 on Ƀ2.5k volume.

Stratis is up 3.99% to Ƀ0.0006679 on Ƀ795.969 volume.

Cardano is down 0.62% to Ƀ0.00003198 on Ƀ3.4k volume.

NEM is down 0.32% to Ƀ0.00004323 on Ƀ654.515 volume.

EOS is down 0.69% to Ƀ0.001299 on Ƀ11.2k volume.

Tron is up 1.18% to Ƀ0.00000598 on Ƀ11.9k volume.

Stellar is down 1.03% to Ƀ0.00004145 on Ƀ3.0k volume.

Market risers
1 CAS +77.43%
2 ETL +42.81%
3 VIT +40.43%
4 TIME +37.28%
5 DIG +27.58%
Market losers
1 TRST -35.87%
2 LBTC -26.44%
3 OPC -20.51%
4 DROP -19.75%
5 SBTC -17.68%
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