Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 12,968.65 with a loss of 2.82% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $13,617, representing a loss of 1.3% in the last 24 hours. More than $1.7B worth of BTC were exchanged in the BTC/USD market representing a 36.5% share of daily volume, followed by the BTC/JPY pair that represents a 36% share.

The Ethereum price has dropped by 3.2% over the past 24 hours and is currently sitting at $1,202, with over $840M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 32% market share of the daily trading volume.

See live charts here and here

Venezuela Will Pre-Mine the Petro and Launch in 6 Weeks

One day after Venezuela’s oil-backed cryptocurrency was declared illegal, the government of President Nicolas Maduro announced plans to pre-mine the Petro. The new currency is expected to launch in six weeks. The Venezuelan Superintendent of Cryptocurrencies and Related Activities, Carlos Vargas, announced on Wednesday, as reported by El Universal:

"The petro will not be minable but pre-mined, that is, the complete emission will be under the control of the country. In addition, it will be assigned with a procedure similar to that of an auction. In a period of a month and a half, the sale of the petro cryptocurrency will take place and people will be able to create their digital wallets"

Read more here

MoneyGram to Pilot Ripple's XRP Token

The international money-remittance firm, MoneyGram, is partnering with Ripple to test the startup's XRP token for international payments. According to a press release, MoneyGram will test Ripple's xRapid service due to its claimed speed and cost efficiency. The release noted that XRP transaction fees are significantly less than those of the Bitcoin network. Ripple chief executive, Brad Garlinghouse, said:

"The inefficiencies of global payments don't just affect banks, they also affect institutions like MoneyGram. By using a digital asset like XRP that settles in three seconds or less, they can now move money as quickly as information."

Read more here

Overstock Glitch Mixes Bitcoin and Bitcoin Cash

Retailer Overstock experienced a glitch in their system that allowed customers to pay for goods using Bitcoin Cash rather than Bitcoin, which is valued at a fraction of what Bitcoin is. Overstock’s website gave customers the option to pay with either Bitcoin or Bitcoin Cash interchangeably. Although a seemingly small error, the two cryptocurrencies hold vastly different values. Customers taking advantage of this mistake would also have had the possibility of cancelling the order and being refunded in Bitcoin, making a profit as a result.

Read more here

LiveEdu Reaches $1M Soft Cap in Presales. Public Sale Starts Monday, 5pm UTC

The LiveEdu Public sale starts Monday, 5pm UTC. Make sure to invest on Day 1 (20% bonus). Whitelist yourself by registering for the ICO and securing the 20% bonus for Day 1. Allocations are made based on registration date.

The whole LiveEdu team wants to say a big thank you to all contributors that participated in the pre-sales. We have been surprised by the non-monetary support you have been providing to the project. Over 1300 people participated in the pre-sales and we are very thankful for each one. We received a lot of contribution demands with both small and large amounts and we are thankful for each one. We did not ever think that we would meet so many awesome people from all over the world. We are now a family and are excited to embark on the journey with you to build the YouTube for online education and professional development. The $306 billion global professional development market is about to change.

We are looking forward to putting up LiveEdu project screens all around the world, starting with the first one in San Francisco. Education coin holders will be voting with their coins to decide the next city where the project screen is going to be launched. If you buy a lot of EDU coins, you can vote with them and push your city to the top. The plan is to launch the projects screens in Beijing, New York, London, Shanghai, Seoul, Tokyo, Amsterdam, Berlin and other major cities around the world.

Read more here