Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 3,579.47 with a gain of 2.76% for the day.

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Market Update

At the time of writing, the Bitcoin price is sitting at $6,461 representing a gain of 1.45% in the last 24 hours. More than $250 M worth of BTC were exchanged in the BTC/USD market representing a 17% share of the global daily volume. The BTC/JPY pair represents an 11% share.

The Ethereum price has risen 1.06% over the past 24 hours and is currently sitting at $296, with over $110 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 36% market share of the daily trading volume.

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UK Trading Platform Crypto Facilities Launches Bitcoin Cash Derivatives

Last Friday, UK-based cryptocurrency futures exchange Crypto Facilities has added Bitcoin Cash (BCH) to its list of derivatives offering. In accordance with the official statement, the BCH futures contracts allow traders to long or short futures contracts that have BCH as underlying collateral. The company stated:

"We are pleased to be expanding our cryptocurrency derivatives offering with the launch of BitcoinCash futures. BCH is a top five coin with a market capitalisation of around $10 billion and we expect our new contracts to spur the evolution of the crypto markets by bringing greater liquidity and transparency to the digital asset class.”

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Crypto Exchange Huobi Announces Five Partnerships To Further Its Expansion Efforts

Last Thursday, cryptocurrency exchange Huobi announced a partnership with five companies to expand its operations. Reportedly, the company has partnered with Asia Financial Holdings, Chi Fu Group, Dbank Group, Yatai International Holding Group, and Vnesheconombank, which will use the company’s Huobi Cloud platform to build and deploy cryptocurrency exchanges. David Chen, a senior business director at Huobi, stated:

“Together with Huobi Cloud’s corporate partners, we can offer a lower barrier for emerging economies to enter and participate in the burgeoning blockchain ecosystem”

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Coinbase Files Patent To Make Direct Bitcoin Payments More Secure

Cryptocurrency exchange Coinbase recently filed a patent application that aims to protect a secure method of buying goods and services with Bitcoin (BTC). On the patent filled, Coinbase noted that they have found a way to provide users with a payment channel that would let them make BTC payments directly from their wallets instead of having to use a third-party Bitcoin payment processing service like BitPay. The company explained:

"It may be a security concern for users that the private keys of their bitcoin addresses may be stolen from their wallets. Existing systems do not provide a solution for maintaining security over private keys while still allowing the users to checkout on a merchant page and making payments using their wallets."

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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