Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 1,833.10 yesterday at 5 pm (GMT) and has since dropped 1.70%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,535 representing a gain of 2.09% in the last 24 hours. More than $290 M worth of BTC were exchanged in the BTC/USD market representing a 18% share of the global daily volume. The BTC/JPY pair represents a 3% share.

The Ethereum price has increased 0.43% over the past 24 hours and is currently sitting at $91, with over $90 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 12% market share of the daily trading volume.

See live charts here and here

Bitcoin Cash SV Vulnerable to Double Spending

Bitcoin Cash SV (BSV), one of two new coins that resulted from the hard fork of the Bitcoin Cash blockchain, is reportedly vulnerable to double spending. Recently, a user uploaded a video to Vimeo showing that he exploited the BSV network as he was able to spend the same coins twice via a “0-conf transaction.” Video footage of Reizu’s double spending demonstration was captured using POP!, a popular point-of-sale (PoS) retail app that is able to detect double spending. Commenting on his ability to double-spend, Reizu wrote:

"I’ve done many double-spending on the Bitcoin SV network. After a few mined blocks I discovered that the transactions that were being mined were those that were sent almost always to the same nodes."

Read more here

KFC Venezuela Accepts Dash Cryptocurrency

KFC in Venezuela is accepting payments using the cryptocurrency Dash starting this week, joining a growing list of fast-food chains that accept crypto in Venezuela, including Subway and the Papa John’s pizza chain. KFC will initially roll out the program at its store in the Venezuelan capital of Caracas before expanding to 24 other locations across the nation, Forbes reported.

Alejandro Echeverría, the co-founder of Dash Merchant Venezuela and Dash Text, has been working with KFC for the past three months to promote more widespread adoption of Dash in the socialist South American country. Echeverria said there are already 2,445 merchants in Venezuela that accept Dash.

Read more here

Six EU Member States Sign Agreement on Encouraging Innovation with Distributed Ledger Technology

Last Tuesday, the Maltese government has announced that a joint declaration of cooperation regarding distributed ledger technology (DLT) has been signed by the island nation’s authorities and by their counterparts from six other Southern European nations including Cyprus, France, Portugal, Greece, Italy, and Spain. The Government of Malta stated on twitter: 

"Malta leads 6 EU countries (France Greece Italy Portugal Spain and Cyprus) in signing joint declaration on further cooperation on DLT Technology Malta also to host Southern Mediterranean Summit on DigitalEconomy next year"

Read more here