Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 7,652.78 with a loss of 2.08% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $8,890 representing a gain of 3.85% in the last 24 hours. More than $800M worth of BTC were exchanged in the BTC/USD market representing a 22.2% share of daily volume. The BTC/JPY pair that represents a 53.7% share.

The Ethereum price has risen 3.35 % over the past 24 hours and is currently sitting at $863, with over $240M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 24.65% market share of the daily trading volume.

See live charts here and here

Cryptocurrency Companies Form First UK Trade Body as Regulators Circle

Seven of the largest cryptocurrency companies are forming a UK cryptocurrency trade body, bringing in the first self-regulation for the wild west sector worth £290 billion. CryptoUK, whose members include Coinbase, eToro, and CryptoCompare, said it had produced the first code of conduct for the industry to abide by. The companies said they hoped the regulations would form the first part of broader UK rules around volatile cryptocurrency trading. CryptoUK chair, Iqbal Gandham, said:

"There was a risk of rogue operators, but the new body had been established to promote best practice and to work with government and regulators."

Read more here

Coinbase Cuts Off New Credit Cards for US Customers

Yesterday, Coinbase said that its U.S.-based users won't be able to add new credit cards as a payment option. Making the announcement through its official blog post, Coinbase said the platform currently is unable to offer a smooth credit card purchase experience. As a result, it has "disabled adding new credit cards as a payment method for U.S. customers." The move is a follow-up to the platform's previous confirmation that credit cards issued by four U.S. banks are barred from being used to buy cryptocurrencies. Coinbase said, however, that debit cards remain as a payment option.

"We know many customers have added credit cards as their primary payment method; we did not make this decision lightly," the company said in the post. "We are actively working with card networks and card issuers to find a long term solution. For customers in the UK, EU, Canada, Australia and Singapore, we are collecting feedback and evaluating similar changes."

Read more here

Coincheck Clients Withdraw $372 Million; NEM Theft Refunds are Coming

After removing a temporary freeze on withdrawals today, Japanese cryptocurrency exchange Coincheck said it has completed transfers worth 40.1 billion JPY ($372 million) in withdrawal requests by customers. Weeks after suffering the ignominy of being the victim of the world’s biggest cryptocurrency theft, ever, Coincheck has kept its promise to lift the temporary suspension on customers’ JPY funds by processing withdrawal transfers today. In an announcement yesterday, the exchange operator said:

“We have restarted operations for withdrawals of JPY. As of today, we have completed transfers for all withdrawal requests made by 3 pm on the 11th of this month (around 40.1 billion JPY).”

Read more here

CareX, an ICO ahead of the rest.

Last week, the CareX Blockchain Platform conducted its first successful transaction for healthcare services using our ERC20 token, CARE.

What others plan to build, CareX has already built. Grow with us as we make the first moves to disintermediate the healthcare industry around the world.

How?

The CareX Blockchain Platform includes:

1) A Healthvault, store medical records using a blockchain and securely share them with the doctor of the patient’s choosing.

2) A Token-based marketplace, where providers post the price of their services. Based on these prices, patients again choose where they will go, wherever CARE is accepted, regardless of borders.

3) Medically trained AI, helping patients get a preliminary diagnosis of their ailment, showing them where to go for treatment and even making the appointment for them.

4) Provider software that tracks billing, patients and even doctor performance. By accepting CARE, providers get this software free.

Why?

Liberate patients by putting them in control of their medical records, and giving them affordable treatment options.

Help medical providers focus on patients, not paperwork, thereby adding business that is hassle-free.

Get involved now. 1 CARE = $10 USD. Over $10 Million USD raised.

Read more here

e-Chat - To Fork or not to Fork?

At the moment, a blockchain-based messenger e-Chat has launched a vote among investors in order to determine the further development path of the project, the team will change the concept in case if the majority of investors vote for the fork.

Aggressive marketing policy and a strong team are the two features that differ e-Chat startup from hundreds of others. Moreover, the project is actively supported by dozens of celebrities: ranging from American travel-bloggers (Jay Alvarrez) to the Russian presidency candidate (Xenia Sobchak). Their appreciation fuels confidence that the fork will be supported by numerous exchange platforms, crypto wallets, and other services. If this happens, the fork will obtain hordes of followers and the coin price will rise.

The team has also prepared a number of technical alterations that will be implemented due to the creation of their own network instead of using ERC20 token standard. Decentralized messaging platform e-Chat has the following features:

• Increased transaction speed
• Ability to create your own tokens based on e-Chat platform with only two clicks
• Ability to create decentralized apps based on e-Chat ecosystem

Right now e-Chat is entering its 5th Stage of their 3rd Round of ICO that will last until February 15, 2018. The price for 1 ECHT during this time is $1.35.

Join the official chat to discuss pros and cons of the plausible fork.

Visit the official website of the project to get to know e-Chat latest news. 

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