Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 4,987.38 with a loss of 1.89% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $7,564 representing a loss of 5.97% in the last 24 hours. More than $880 M worth of BTC were exchanged in the BTC/USD market representing a 28.3% share of the global daily volume. The BTC/JPY pair represents a 12.9% share.

The Ethereum price has dropped 5.55% over the past 24 hours and is currently sitting at $421.31, with over $200 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 17.6% market share of the daily trading volume.

For a detailed market analysis click here

CryptoCompare Exchange Review - July 2018

The CryptoCompare Team is pleased to announce an exchange review made on the 22nd of June, 2018. The report will feature the top 15 exchanges ranked by 24H Volume in USD, exchange volume analysis, country analysis, pair offering analysis and many more could be found.

Read more here

A 2020 US Presidential Candidate Is Accepting Donations in Bitcoin (BTC) And Ethereum (ETH)

Andrew Yang, 2020 US Presidential Candidate, will accept cryptocurrency as a form of donation for his 2020 US presidential race. Yang favors a new type of capitalist economy called "human capitalism" that is geared towards maximizing human well-being. In order to donate with cryptocurrency, supporters will have to verify that they’re eligible to vote by filling out a form. If approved, a cryptocurrency address will be sent out to them for making donations.

Read more here

Binance acquired ‘Trust Wallet’, a Mobile Ethereum Wallet and DApp Browser

Yesterday, Binance announced that it had acquired Trust Wallet, a mobile (Android and iOS) Ethereum wallet with support for ERC20, ERC223 and ERC721 tokens and a Web 3.0 (DApps) browser. Trust Wallet was first released (for Android) on the 25th of October 2017 and is an open-source mobile wallet app that supports Ethereum and over 20,000 different Ethereum-based tokens. Zhao "CZ" Changpeng, CEO of Binance stated:

"The users control 100 percent of their funds... Now we have both a decentralized and centralized solution for custody.”

Read more here

South Korea Plans to End Major Tax Benefits for Bitcoin Exchanges

The South Korean government has announced a new set of tax law amendments. According to the proposal, income and corporate tax deductions will no longer be applied to Bitcoin exchanges. Moreover, regulators have also been considering imposing capital gains tax on the sale of cryptocurrencies. In the official statement published on Monday, the South Korean government wrote:

“from next year, virtual currency handling businesses will be excluded from the industries eligible for the tax reduction for SMEs [small and medium-sized enterprises].”

Read more here

100+ Real-World Blockchain Integrations Underway with the OST Alpha III Challenge

More than 100 developer teams from around the world are now half-way through the OST Alpha III integration challenge -- the largest real-world blockchain integration hackathon. Development teams have until August 10th, 2018 to integrate an OST-powered Branded Token into their app, run token transfers triggered by in-app events, and showcase the newly released OST embedded wallet token balance and transaction history APIs. 100+ teams are already blogging regularly about their integrations.

OST blockchain infrastructure empowers new economies. OST is a public blockchain platform designed for the needs of businesses with millions of users. Launch your own Branded Tokens with OST technology and turn your business into a dynamic ecosystem. OST is built on the OpenST Protocol, a framework for building highly scalable blockchain token economies.

Learn more here