Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 8,771.02 with a gain of 4.93% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $9,937 representing a gain of 1% in the last 24 hours. More than $1.6B worth of BTC were exchanged in the BTC/USD market representing a 25% share of daily volume. The BTC/JPY pair that represents a 51.4% share.

The Ethereum price has dropped 2.3% over the past 24 hours and is currently sitting at $924, with over $400M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 29% market share of the daily trading volume.

See live charts here and here

Coinbase Develops a New Service For Merchants

San Francisco-based cryptocurrency exchange Coinbase has announced the development of a new service, named Coinbase Commerce, that aims to simplify the adoption, for merchants, of multiple cryptocurrencies (BTC, BCH, ETH and LTC) as payments for goods and services. Coinbase Commerce facilitates the acceptance of cryptocurrencies by monitoring, validating and confirming client transactions on each blockchain. The company also says that payments made from its customers are performed on-chain. The announcement reads:

"We’re excited to announce Coinbase Commerce, available today for merchants around the world. Merchants everywhere can use Coinbase Commerce to accept Bitcoin, Bitcoin Cash, Ethereum and Litecoin payments."

Read more here

CFTC Joins SEC In Warning Against Crypto Pump-and-Dump Schemes

The Commodity Futures Trading Commission (CFTC) issued a warning about cryptocurrency pump-and-dump schemes. The release, published Thursday, marks the latest investor warning from the U.S. commodities and derivatives regulator. Earlier this month, the agency put out an advisory that urged caution around investing in cryptocurrency retirement accounts. Other regulators, namely the Securities and Exchange Commission (SEC), have also sounded the alarm on pump-and-dump schemes, particularly around Initial Coin Offerings (ICOs). The CFTC wrote:

"Some pump and dumps use false news reports, typically about a famous high-tech business leader or investor who plans to pour millions of dollars into a small, lesser-known virtual currency or coin. Other fake news stories have featured major retailers, banks, or credit card companies, announcing plans to partner with one virtual currency or another. Links to the stories are also accompanied by posts that create false urgency and tell readers to buy now."

Read more here

Japanese Cryptocurrency Coincheck Faces Lawsuit over Withdrawals

This week, seven affected investors publicly voiced their concern by filing a lawsuit at the Tokyo District Court, calling upon the exchange to reopen all withdrawals. They also demanded that Coincheck pay an annual 5 percent interest on the value of frozen funds (worth a reported $183,000 at the time) until it resumes withdrawals, according to Reuters.

The Tokyo based platform was the victim of a major hack last month, with a reported loss of $530 million worth of XEM. The platform quickly closed both fiat and cryptocurrency withdrawals following the breach, in an attempt to prevent further possible loss. Whilst Yen withdrawals reopened on Tuesday, cryptocurrency withdrawals are still closed, leaving users in the lurch.

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. 

Recently Added:

Shekel added to Coin list

Citowise added to Wallets list