Market Analysis Report

09 February 2018

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 7,209.74 with a gain of 3.19% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $8,163 representing a loss of 2.3% in the last 24 hours. More than $1.5B worth of BTC were exchanged in the BTC/USD market representing a 32.5% share of daily volume. The BTC/JPY pair that represents a 49.5% share.

The Ethereum price has dropped by 1.65 % over the past 24 hours and is currently sitting at $816, with over $420M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 28% market share of the daily trading volume.

See live charts here and here

Hong Kong Orders Exchanges to Delist Securities Tokens

Hong Kong's securities regulator appears to be stepping up efforts to regulate cryptocurrency exchanges involved with initial coin offerings (ICOs). In a statement released today, Hong Kong's Securities and Futures Commission (SFC) revealed it has sent warning letters to seven cryptocurrency exchanges advising that certain tokens being traded on their platforms may be defined as securities. Though the names of the exchanges were not disclosed, the SFC indicated they are either based in or connected to Hong Kong and among the top 20 in volume globally. Ashley Alder, the SFC's Chief Executive Officer, stated:

"We will continue to police the market and enforce when necessary, but we are also urging market professionals to do proper gatekeeping to prevent frauds or dubious fundraising and to assist us in ensuring compliance with the law."

Read more here

NY Regulator Demands Vigilance Against Market Manipulation from Bitlicense Firms

The New York State Department of Financial Services (DFS) has issued a guidance paper on Wednesday, reminding all cryptocurrency companies licensed by it that they are required to implement measures designed to effectively detect, prevent, and respond to fraud, attempted fraud, and similar wrongdoing. In addition, it reminded Bitlicense holders that they must be especially vigilant against efforts at market manipulation. Superintendent Maria T. Vullo said:

"DFS took the lead in 2015 in regulating the virtual currency market, and we continue to be vigilant concerning risks in these markets. Market manipulation presents serious risks, both to consumers and to the safety and soundness of financial services institutions.”

Read more here

Venezuela Found Foreign Investors for Petro

Venezuela says it has found a number of foreign investors for the pre-sale of its oil-backed national cryptocurrency, the Petro. Starting this month, Venezuela is expected to pay companies from Brazil, Poland, Dinamarca, Honduras, Norway, Vietnam, and other nations for food and medicine imports with the Petro. The Venezuelan Ministry of Popular Power for Communication and Information announced:

"A group of Brazilian companies have agreed to receive payment for the sale of food to Venezuela, through petro, starting on February 20, when the pre-sale of the cryptocurrency begins."

Read more here

PodOne Audit Receives 5/5 Rating by John McAfee Audit Firm, Is Out to Transform Call Center Industry

A recent audit of PodOne by John McAfee’s auditing firm concludes: “The verdict: PodOne is a shining example of a trustworthy ICO. The revolutionary technology PodOne has to offer is set to completely change the way the call center and customer support industries think about human resources. With that being said, the ROI on their Qubicle (QBE) token is expected to be substantial.”

The company also received an overall score of 5 out of 5. Per the audit’s summary report, “PodOne has received a Crypto Connection Trust Score of 5. This is the highest ranking an ICO can receive and is only given to a few exceptional projects”. The full audit report can be found here:

PodOne is launching the next global phase in call and contact center services, bringing together employers and agents through its decentralized network while optimizing staff time, reducing labor costs and elevating a new standard in training. Its ICO started on January 15th, 2018 to raise funds for the development of their product roadmap and ends in 10 days, on February 15th, 2018

Read more here

Recently Added:

EQUI added to Upcoming ICO list

GRO added to Upcoming ICO list

GMR added to Ongoing ICO list

Press Release

State of the Crypto

Bitcoin is down 2.28% at $8,163.260 with a volume of Ƀ186.0k - $1534.8M on the USD pairs.

Ether is up 0.76% against Bitcoin at Ƀ0.1005 per Ether and down 1.65% against the dollar to $816.38 with average volume Ƀ78.9k on the ETH/BTC pair.

Bitcoin Cash is up 24.45% to Ƀ0.1593 with volumes of Ƀ63.9k and up 19.49% against the dollar at $1301.22.

Ripple is up 4.88% to Ƀ0.00009507 with volumes of Ƀ8.2k and up 2.14% against the dollar at $0.7729.

Zcash is up 7.17% for the day to Ƀ0.05188 per ZEC and up 4.73% against the dollar to $424.3 with an average volume of Ƀ6.5k for the 24 hour period.

Litecoin is down 0.57% against the dollar for the day at $145.62 and up 2.46% to Ƀ0.01794 on volumes of Ƀ29.0k.

Dash is up 5.11% at Ƀ0.0726 with Ƀ5.9k volume and up 2.73% against the dollar at $592.68.

Iota is down 1.06% to Ƀ0.0002145 on Ƀ699.557 volume.

Ether Classic is up 18.13% to Ƀ0.002808 with volumes of Ƀ10.5k and up 15.24% against the dollar at $22.83.

Monero is up 3.53% against the dollar at $240.55 and up 5.85% against Bitcoin at Ƀ0.02949 on volumes of Ƀ5.8k.

Neo is down 3.14% for the day to Ƀ0.01356 per NEO and down 4.68% against the dollar to $110.81 with an average volume of Ƀ3.2k for the 24 hour period.

Waves is up 3.81% to Ƀ0.0006708 on Ƀ2.4k volume.

Stratis is up 4.66% to Ƀ0.0008853 on Ƀ464.912 volume.

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