Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 7,815.03 with a gain of 3.04% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $8,491 representing a loss of 3.3% in the last 24 hours. More than $990M worth of BTC were exchanged in the BTC/USD market representing a 24% share of daily volume. The BTC/JPY pair that represents a 50% share.

The Ethereum price has dropped 4.13 % over the past 24 hours and is currently sitting at $830, with over $290M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 26.6% market share of the daily trading volume.

See live charts here and here

MyEtherWallet Co-Founder Splits to Launch

MyEtherWallet co-founder Taylor Monahan, unexpectedly announced last Friday the launch of her own cryptocurrency wallet platform,, following the split from MyEtherWallet. Taylor announced both news items in a long Medium post. The post reads:

“I was terrified—am terrified—at the potential harm this change will have on myself, the team, and/or the Ethereum community but ultimately, the risks created by continuing down the road we were on are greater than the risks of splitting to a new brand, new company, new name, and new domain. While contemplating this decision, I began to see that my inaction would be the only thing that guaranteed my failure.”

Read more here

IMF Chief Lagarde: Global Cryptocurrency Regulation Is Inevitable

Christine Lagarde, head of the International Monetary Fund, stated that international regulatory action on cryptocurrencies is "inevitable." Lagarde, also said that the IMF's concerns over cryptocurrencies stem largely from their potential use in illicit financial activities. In an interview with CNNMoney on Feb. 11, she said:

"We are actively engaging in anti-money laundering and countering the financing of terrorism. And that reinforces our determination to work on those two directions."

Read more here

Three EU Watchdogs Warn Over 'High Risks' of Cryptos

Three European regulators with oversight over securities, banking and pensions issued a combined warning today to EU residents considering investing in cryptocurrencies.

Citing the crypto markets' volatility, lack of regulation and the potential for severe losses, the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) wrote a brief note warning investors of the "high risks of buying and/or holding so-called virtual currencies." The warning reads:

"VCs [virtual currencies] and exchanges where consumers can trade are not regulated under EU law, which means that consumers buying VCs do not benefit from any protection associated with regulated financial services. For example, if a VC exchange goes out of business or consumers have their money stolen because their VC account is subject to a cyber-attack; there is no EU law that would cover their losses."

Read more here

Serenity ICO: 25th of January — 7th of March - Blockchain to replace brokerage license

Serenity is a blockchain platform for protection of traders’ interests. The mission of the platform is to create a secure, transparent and standardized space for trading. In order to secure money of traders from fraud, Serenity keeps them under a smart contract drawn up in a way making a withdrawal of funds from it possible only by mutual consent of the trader and the broker. If a dispute occurs between a broker company and a trader, the final word will rest with a Serenity mediator who will thoroughly study the problem and render a binding decision. To guarantee that the decision is transparent and well-founded, Serenity records the digital signatures of the history of the broker’s and the client’s interaction in blockchain. The correspondence of transaction prices to the actual quotations is monitored with the use of information obtained from tens of trading platforms and exchanges.

Blockchain technologies make it possible not only to respond to violations of standards post factum, but also to prevent them. Participation of the Serenity broker company provides a trader with a guarantee of protection from various manipulations, unlawful cancelling of transactions, adjustment of profit or non-payments of profit to the trader.

All of it gives confidence that in the near future the Serenity blockchain platform will become a new industry standard uniting thousands of broker companies from all over the world.

Read more here

Debitum Network continues its successful ICO

Debitum Network – an innovative blockchain solution for small and medium business financing has reached halfway of its ICO. Debitum is developing it’s unique hybrid solution to leverage blockchain technology to secure and distribute fiat investments to companies. The company has already raised almost 10 000ETH. Debitum is announcing new partnerships every day, but most importantly it has recently signed a partnership agreement with risk assessment company – Paypie. As both companies are working in the financing industry they do complement each other and can successfully align. Debitum Network platform v1 will be operational in Q3, 2018 which is very soon. That is a great news for DEB holders and chances that its value will increase are growing.

Debitum has already been spotted by main influencers in the ecosystem. The team is proud to be winners of d10e ICO pitch competition in Gibraltar and received huge recognition. Moreover, solving a huge problem of small business financing which is worth 2 trln. USD, the team is sure that there is a huge demand in the market for such solutions. As the recent examples show, fintech ICOs are usually very successful with high returns to the participants.

Your last chance to get 5% bonus for DEB token, click here.

Recently Added:

MUN added to Coin list

Press Release

State of the Crypto

Bitcoin is down 3.29% at $8,491.800 with a volume of Ƀ111.7k - $980.9M on the USD pairs.

Ether is down 1.13% against Bitcoin at Ƀ0.09789 per Ether and down 4.13% against the dollar to $830.55 with average volume Ƀ45.7k on the ETH/BTC pair.

Bitcoin Cash is down 2.6% to Ƀ0.1423 with volumes of Ƀ20.7k and down 5.34% against the dollar at $1209.9.

Ripple is down 2.97% to Ƀ0.0001176 with volumes of Ƀ11.1k and down 5.71% against the dollar at $0.9995.

Zcash is down 3.3% for the day to Ƀ0.05155 per ZEC and down 5.89% against the dollar to $438.93 with an average volume of Ƀ4.1k for the 24 hour period.

Litecoin is down 3.38% against the dollar for the day at $154.53 and down 0.38% to Ƀ0.0182 on volumes of Ƀ15.7k.

Dash is down 1.89% at Ƀ0.0697 with Ƀ4.1k volume and down 4.25% against the dollar at $593.36.

Iota is down 2.65% to Ƀ0.000206 on Ƀ1.0k volume.

Ether Classic is up 15.4% to Ƀ0.003425 with volumes of Ƀ19.2k and up 11.87% against the dollar at $29.03.

Monero is down 4.72% against the dollar at $233.37 and down 2.56% against Bitcoin at Ƀ0.02737 on volumes of Ƀ3.1k.

Neo is down 1.62% for the day to Ƀ0.01276 per NEO and down 4.72% against the dollar to $108.11 with an average volume of Ƀ3.6k for the 24 hour period.

Waves is down 3.12% to Ƀ0.0006426 on Ƀ1.7k volume.

Stratis is up 5.71% to Ƀ0.0009059 on Ƀ789.404 volume.

Trending forum posts