Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 7,189.90 with a gain of 1.61% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $9,243 representing a gain of 3.18% in the last 24 hours. More than $750 M worth of BTC were exchanged in the BTC/USD market representing a 20.1% share of the global daily volume. The BTC/JPY pair represents a 57.8% share.

The Ethereum price has risen 5.72% over the past 24 hours and is currently sitting at $676, with over $300 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 31.2% market share of the daily trading volume.

For a more detailed analysis click here

BitPay Confirms Bitcoin Cash Retail Payments

Cryptocurrency payment service provider BitPay has announced that it will allow brick-and-mortar businesses to use Bitcoin Cash for payments. Released yesterday, the new update will grant customers with the option to choose between paying in BTC or BCH.

"This new version improves the app’s design and performance, adds Bitcoin Cash (BCH) acceptance, and adds BitPay's changes for Payment Protocol-only payments and other invoice updates. Now brick and mortar businesses can accept error-free Bitcoin and Bitcoin Cash payments in a flash from customers, with no risk of cryptocurrency price volatility."

Read more here

Coinbase-Cryptsy Lawsuit Will Head to Jury Trial

Cryptocurrency exchange Coinbase has lost an appeal in a lawsuit brought by a former customer of cryptocurrency exchange Cryptsy, and the case will now progress to a jury trial. In the case, Brandon Leidel, who was a Cryptsy customer, claimed that Coinbase should have helped prevent Cryptsy CEO Paul Vernon from laundering funds through a Coinbase wallet. Vernon allegedly used Coinbase to launder millions of dollars he is accused of stealing from his customers prior to Cryptsy's collapse. The Eleventh Circuit Court of Appeals explained:

"Leidel does not seek to enforce the terms of the User Agreements, nor does he allege any tort rooted in an allegation that Defendant breached or facilitated a breach of any obligation uniquely imposed by those agreements. Leidel's claims are viable, if at all, without reference to the User Agreements, as the duties Defendant allegedly breached were not imposed by those agreements."

Read more here

Iran's Banks Banned From Crypto

Yesterday, the Central Bank of Iran banned all domestic banks and credit institutions from any dealings in cryptocurrencies, stating that all cryptocurrencies had the capacity to be used for money laundering and terrorism. The Central Bank of Iran stated:

"Banks and credit institutions and currency exchanges should avoid any sale or purchase of these currencies or taking any action to promote them.”

Read more here

The Institutional Herd is Coming: How Blockchain Terminal is Revolutionizing Cryptocurrency Investment on Wall Street

The multi-trillion-dollar hedge fund industry is accustomed to performing analysis on investments with tools that cannot be applied to cryptocurrency assets. To date, this industry has been unable to buy, trade, or invest in cryptocurrency. Not only has there been a lack of institutional-grade tools to complete transactions, there were also none with the specific, required compliance capabilities.

Blockchain Terminal (BCT) is bridging the gap between institutional investors and cryptocurrency markets. At its foundation is an application called ComplianceGuard, a deep compliance framework that satisfies the strictest hedge fund requirements and places institutional investors in a secured and monitored environment.

The Terminal offers a consolidated order book, showing the price and state of the market, and a consolidated wallet, that allows a single account to trade across over 60 exchanges and access to thousands of available cryptocurrencies.

Join the token sale now!

Be part of the momentum that will allow the multitrillion-dollar hedge fund industry to finally buy, trade and invest in cryptocurrency! The Blockchain Terminal token sale is available now until 30 April 2018.

Join the token sale at tokensale.bct.io and visit the website bct.io for more information.