Market Analysis Report

14 December 2018

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 1,721.12 yesterday at 5 pm (GMT) and has since decreased by 0.30%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,298 representing a loss of 3.8% in the last 24 hours. More than $280 M worth of BTC were exchanged in the BTC/USD market representing a 19.4% share of the global daily volume. The BTC/EUR pair represents a 3.8% share.

The Ethereum price has decreased by  4.69% over the past 24 hours and is currently sitting at  $85.49, with over $70 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 10.7% market share of the daily trading volume.

See live charts here and here

CryptoCompare’s CTO Talks About the Commercial API Journey

Building a well-designed and scalable API is not a piece of cake and Vlad Cealicu, our CTO, explains in a recent blog post the challenges the team had to face to get there. As one of the oldest and most experienced API providers in the crypto space, we started building the service as a response to customer demand for a commercial offering. Our team is currently working on adding more features and we’re all really excited to continue improving our API. If you want to know the full story and find out what we have planned, read our blog post here.

PayPal Gets Into Blockchain, But Only Internally Among Employees

Payments platform PayPal has so far avoided cryptocurrency acceptance and, at least visibly, not considered blockchain for its platform. Now, it has launched an internal blockchain-based employee incentive program. A production of PayPal’s innovation lab, in San Jose, California, the platform took 25 strong team six-months to build and went live this November. PayPal’s new blockchain platform rewards employees in crypto-tokens, but they only have value inside of PayPal and the platform. Staff can earn tokens by joining innovation programs and contributing ideas, they can also trade tokens. The token transactions will be recorded on the platform’s blockchain ledger and can be redeemed for over different 100 rewards, or experiences. The lab’s director of innovation, Michael Todasco, stated:

“Venmo-like feed people can like and comment on and see all the activity going on within PayPal related to innovation."

Read more here

UCLA Launches First Accredited Blockchain Engineering Course

UCLA, which previously organized blockchain and cryptocurrency seminars through its Anderson School of Management, has now announced that it will be running a full technical blockchain programming course from January 2019. The course will be offered as 4-credit special topics course, which would be an upper-division elective requirement that is open to both students of electrical and computer engineering and computer science. It will cover topics including an overview of blockchain-related concepts, Ethereum, decentralized apps (dApps), crypto tokens, smart contracts, hash functions, and more.

Read more here

State of the Crypto

Bitcoin is down 3.8% at $3,298.730 with a volume of Ƀ84.1k - $281.4M on the USD pairs.

Ether is down 0.88% against Bitcoin at Ƀ0.02596 per Ether and down 4.69% against the dollar to $85.49 with average volume Ƀ68.1k on the ETH/BTC pair.

Bitcoin Cash is down 12.22% to Ƀ0.02572 with volumes of Ƀ6.1k and down 12.71% against the dollar at $83.37.

Ripple is up 1.12% to Ƀ0.00009016 with volumes of Ƀ15.8k and down 2.94% against the dollar at $0.2976.

Zcash is down 1.15% for the day to Ƀ0.01543 per ZEC and down 4.81% against the dollar to $51.26 with an average volume of Ƀ9.9k for the 24 hour period.

Litecoin is down 2.99% against the dollar for the day at $23.34 and up 1.05% to Ƀ0.007103 on volumes of Ƀ17.3k.

Dash is down 1.5% at Ƀ0.01841 with Ƀ6.0k volume and down 4.99% against the dollar at $61.67.

Iota is down 1.39% to Ƀ0.00006504 on Ƀ256.337 volume.

Ether Classic is up 0.53% to Ƀ0.001136 with volumes of Ƀ10.3k and down 3.33% against the dollar at $3.77.

Monero is down 1.9% against the dollar at $42.32 and up 2.01% against Bitcoin at Ƀ0.01271 on volumes of Ƀ1.5k.

Neo is down 1.44% for the day to Ƀ0.001714 per NEO and down 5.12% against the dollar to $5.74 with an average volume of Ƀ10.6k for the 24 hour period.

Waves is up 18.52% to Ƀ0.0007066 on Ƀ10.1k volume.

Stratis is down 5.58% to Ƀ0.0001792 on Ƀ281.425 volume.

Cardano is down 1.01% to Ƀ0.00000879 on Ƀ1.1k volume.

NEM is down 1.26% to Ƀ0.00001962 on Ƀ612.323 volume.

EOS is down 1.82% to Ƀ0.0005617 on Ƀ28.5k volume.

Tron is up 0.77% to Ƀ0.00000395 on Ƀ3.4k volume.

Stellar is down 3.59% to Ƀ0.0000314 on Ƀ5.6k volume.

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