Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 7,712.62 with a gain of 7.27% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $9,400 representing a gain of 1.8% in the last 24 hours. More than $1.4 B worth of BTC were exchanged in the BTC/USD market representing a 24.6% share of the global daily volume. The BTC/JPY pair represents a 52% share.

The Ethereum price is down 2.73% over the past 24 hours and is currently sitting at $660, with over $700 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 41% market share of the daily trading volume.

See live charts here and here

16 Japanese Cryptocurrency Exchanges Launch Self-Regulatory Body

Yesterday, sixteen cryptocurrency exchanges currently registered and licensed by the Financial Services Agency (FSA) launched a self-regulating body that will be known as the ‘Japanese Cryptocurrency Exchange Association’, according to a report by Japanese news outlet Asahi Shimbun.

Taizen Okuyama, president and CEO of Money Partners will serve as the chairman of the newly formed group. Okuyama said:

“We are working hard to develop security measures and internal control, we will promptly promote the rules of transactions and advertisements and the information we disclose. We want to eliminate customers’ concerns and work to restore confidence in order to develop healthy markets.”

Read more here

Binance Leads $30 Million Funding Round for Crypto MobileCoin

MobileCoin announced the conclusion of the funding round on Tuesday, adding that Binance had made its investment in the project through Binance Labs, its blockchain incubator. Binance Labs stated.

“A mobile-first, user-friendly cryptocurrency, like MobileCoin, plays a critical role in driving mainstream cryptocurrency adoption."

Read more here

Federal Reserve Bank of St Louis Attempts to Define Bitcoin

The federal reserve bank of St Louis has published a paper that attempts to define Bitcoin and whether it has a use case along with virtual and physical forms of money. To do this, the bank used a number of dimensions to help them categorize the currencies, namely representation, transaction handling, and creation. The bank states that while different currencies have their uses, there is a big demand for virtual assets issued by trusted parties.

"Each form of money has its benefits and drawbacks. This is why many forms of money coexist. We believe there is great demand for a virtual asset issued by a trusted party that can be used to save outside of the private financial system."

Read more here

Ubcoin Market, the first ICO of a product supported by Samsung and Fly, is LIVE!

Ubcoin Market is the easiest way to become a crypto investor or to spend crypto coins. A mobile marketplace where anyone can safely and instantly sell or buy real goods in exchange for cryptocurrency.

Ubank’s history began more than a decade ago, which accounts for the company’s credibility. Ubcoin Market is an extension of the Ubank mobile app that:

· exists since 2009
· is the leading mobile payments app in Eastern Europe
· has over 16 million installations worldwide
· is pre-installed on all Samsung and Fly smartphones sold in 9 countries, including flagship Galaxy 9

The current ICO token discount is 20%. Until 26th of April, 13.00 GMT buy Ubcoin Tokens (any amount) and get a chance for a TOP-UP BONUS of 10 000 UBC (= 1ETH)

ONE randomly-chosen wallet that was used to buy UBC tokens from 23rd of April, 18.00 GMT until the 26th April, 13.00 GMT will receive BONUS 10 000 UBC.

Don’t miss the chance — invest now on ubcoin.io! To learn more about Ubcoin check their youtube video and website.

Will WSOP Follow Winning Poker Network’s Cryptocurrency Lead for Land-based Event Payments?

When the World Series of Poker kicks off next month in Las Vegas, the method of buying into any of the 78 events will feel a little bit archaic for those who won their Main Event seat through online poker satellites on Winning Poker Network (WPN) sites. That method? Cash.

For years now, WPN sites have accepted Bitcoin for both deposits and withdrawals. And last year, the online poker network started accepting over 60 of the world’s most popular cryptocurrencies.

Those unfamiliar with the online poker network’s suite of sites that includes Americas Cardroom, Black Chip Poker, and YaPoker might assume that crypto payments are restricted to online poker. But that hasn’t been the case for several years now.

The Winning Poker Network was the first online poker network to offer cryptocurrency payouts to tournament winners at the Punta Cana Poker Classic, an annual land-based tournament it hosted beginning 2011 in the Dominican Republic.

WPN sites have made it extremely easy to deposit and withdraw using crypto. The process is as simple as depositing in cryptocurrency and converting to USD for play at the table. Then, upon winning, withdrawing back to their chosen cryptocurrency.

To learn more about WPN click here