Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 3,617.30 with a gain of 4.35% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,423 representing a gain of 1.41% in the last 24 hours. More than $340 M worth of BTC were exchanged in the BTC/USD market representing an 18% share of the global daily volume. The BTC/JPY pair represents a 10% share.

The Ethereum price has dropped 2.82% over the past 24 hours and is currently sitting at $316, with over $80 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 9% market share of the daily trading volume.

See live charts here and here

Bitmain Eyes $18 billion IPO, Potentially The Largest In History

According to Business Insider, one of the most valuable cryptocurrency companies, known as Bitmain, plans to raise $18 billion in its upcoming initial public offering (IPO). Moreover, Bitmain’s IPO plans are part of the firm’s efforts to become a dominant manufacturer in hardware for artificial intelligence technology. However, while earlier reports have suggested Bitmain was going to file for an IPO, the company had not given an official date for its launch.

Read more here

Kim Dotcom Advises His Twitter Followers To Buy Gold and Cryptos

Yesterday, Megaupload's creator Kim Dotcom, advised his more than 734.000 Twitter followers to buy gold and cryptocurrencies, warning that the USD will lose its current value. Kim Dotcom's advice apparently comes as a hedging strategy against a future economic crisis, which he said may be forthcoming. Kim Dotcom stated:

"Trust me. Buy crypto and gold. Your USD will become worthless. With US economic collapse all old money currencies will crash.
Times will get tough. But you’ll be fine if you hedge some of your assets in preparation for the crash.
The big crash is coming 100%."

Read more here

BitConnect Set to Be Delisted from Last Crypto Exchange

BitConnect's BCC token is about to be removed from the last exchange in which it is still exchanged. TradeSatoshi which has a daily trading volume of about $1.16 million, announced the move via Twitter, adding that the delisting will take place on the 10th of September.

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