Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 4,427.46 with a gain of 1.32% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,453.5 representing a loss of 8.35% in the last 24 hours. More than $710 M worth of BTC were exchanged in the BTC/USD market representing a 23% share of the global daily volume. The BTC/JPY pair represents an 11% share.

The Ethereum price has dropped 10.46% over the past 24 hours and is currently sitting at $366.5, with over $210 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has an 18% market share of the daily trading volume.

For a detailed market analysis click here

Coinbase Enables Instant Trading And Increases Daily Purchase Limit

Yesterday, Coinbase announced that the daily trading limits will be increased to $25,000 for U.S. costumers, however, the company is also planning to increase the limits to customers outside the U.S. Additionally, the exchange is now allowing instant trading, which means that instead of having to wait for funds to settle, users will receive an immediate credit for the funds they deposited. Coinbase stated:

"With this update, customers will receive an immediate credit for the funds being sent from their bank account. They can then buy and sell crypto to and from their USD wallet right away, but cannot send their funds off the Coinbase platform until the funds coming from their bank have settled."

Read more here

New Version of MetaMask Supports Trezor Hardware Wallet

Yesterday, MetaMask development team announced that the latest MetaMask's version (4.9.0) offers integrated support for the Trezor cryptocurrency hardware wallet. Users can now link their Trezor device to MetaMask and check their account balance (ETH or ERC-20 and ERC-721 tokens), sign transactions and sign messages, which means they can log in (or sign up) to various DApps. On their twitter MetaMask announced:

"In the new version slowly rolling out today, you’ll find a lot of new features, including Trezor"

Read more here

U.S. SEC Sets 30 September 2018 As New Deadline for Decision on VanEck-SolidX Bitcoin ETF

Yesterday, the U.S. Securities and Exchange Commission (SEC) announced that the new deadline to make a decision regarding the VanEck-SolidX Bitcoin ETF was set to 30 September 2018. The SEC stated:

"The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change."

Read more here

OST Releases 2018–2021 Roadmap for Scaling Blockchain Economies to Billions of Users

OST blockchain infrastructure empowers new economies. OST partner Unsplash will leverage OST to create a new economy for photography. Hornet & the LGBT Foundation are using OST to create a new economy for LGBT persons worldwide.

OST partners already combine to reach many more users worldwide than all the current crypto wallet users in the world today. Blockchain is coming to the mainstream and OST plans to lead the way.

OST has presented the 4 year roadmap to scale OST technology stack to billions of users, across multiple blockchains, decentralized, fully autonomous, and with human and machine-to-machine transactions.

OST technology is solving 5 major challenges for mainstream blockchain adoption:

1. Scalability: Enabling blockchain transactions at Internet grade volumes and speeds.

2. Usability: To the high expectations of business and consumer users.

3. Integration: With existing applications and services (and regulations).

4. Trust: Ensuring economic finality of transactions without central authorities.

5. Liquidity: Between tokens, across blockchains, and with the currencies people use to pay for their primary needs.

OST launched the OpenST protocol in 2017 and the OST token currently trades on Binance, Huobi, and OKEX.

Learn more here