Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 4,677.73 with a loss of 1.69% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $7,658 representing a gain of 0.27% in the last 24 hours. More than $430 M worth of BTC were exchanged in the BTC/USD market representing a 20% share of the global daily volume. The BTC/JPY pair represents an 11.9% share.

The Ethereum price has dropped 1.32% over the past 24 hours and is currently sitting at $419.91, with over $120 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 14% market share of the daily trading volume.

For a detailed market analysis click here

Coinbase Adds British Pound for UK Crypto Users

Yesterday, cryptocurrency exchange Coinbase announced that is now offering deposits and withdrawals in British Pounds (GBP). Coinbase's U.K. Chief Executive, Zeeshan Feroz, announced that this system will replace the previous method, in which customers had to convert cryptocurrencies into Euros before converting a second time into Pounds. Feroz explained:

"Customers will now be able to deposit and withdraw pound sterling and use it to directly buy and sell cryptocurrency – for the first time. Customers will not only benefit from increased speed, but reduced cost as well. By no longer having to convert funds from GBP to euros and vice versa to add and remove funds, there will be no more exchange rates."

Read more here

Wikipedia's Co-Founder Says Is Absolutely Never Conducting an ICO

Wikipedia's co-founder Jimmy Wales, well-known as a cryptocurrency critic, spoke with Businessinsider News after a recent Blockchain conference in Berlin and said he has some reservations about blockchain technologies. Wales said:

"I have reservations about blockchain. It's a super-interesting technology, but it's clearly a bubble with a lot of mania and hype around it. People pay me to give speeches, so I flew to Berlin. I really do like the city, I think it's great."

Read more here

South Korean Authorities Investigating ICO Promising Profits From Salvage of Sunken Russian Warship Containing 200 Tons of Gold

According to a report in Korea JoongAng Daily, a company called Shinil Group launched an ICO promising profits from the sale of gold allegedly aboard a Russian warship sunk in 1905. South Korean authorities have decided to take measures and to step up their own crypto fraud investigation. Shinil Group's CEO, Choe Yong-seok stated:

“The reports said the Donskoi held 200 tonnes of gold but that would only be 10 trillion won at current value... We apologize to the public for the irresponsible citation.”

Read more here

Revolutionizing The Entertainment Industry

You42 is a social entertainment blockchain platform that aims to revolutionize the media industry by removing the middlemen that are currently holding it back. On the You42 white paper reads:

“You42 is a revolutionary social entertainment platform putting artists and fans in control like never before, enabling new levels of discoverability and success. The platform serves as a venue for distribution, content creation, collaboration, and consumption.”

Available on multiple devices and operating systems, the You42 platform will focus on the distribution of open access content throughout multiple entertainment verticals.

Read more here

Ledger - Keep your friends close and your coins closer!

The cryptocurrency world can be as dangerous as it is exciting. In the midst of all the hacks, phishing scams and other types of schemes, it can be hard to find a secure place to store your hard-earned cryptoassets. If you’re looking to get the best security the market has to offer, why not try the Ledger Nano S?

The Ledger Nano S is the most popular hardware wallet out there. It is a Bitcoin, Ethereum and Altcoins hardware wallet based on robust safety features for storing and sending cryptocurrencies. It connects to any computer (USB) and embeds a secure OLED display to double-check and confirm each transaction with a single tap on its side buttons.

The Ledger Nano S is the most secure way to store your coins. It ensures that your private keys can never be reached by hackers while also allowing you restore all your assets in case of theft or loss.

Buy The Ledger Nano S