Market Analysis Report

03 July 2018

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 4,603.72 with a gain of 1.81% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,642 representing a gain of 4.77% in the last 24 hours. More than $450 M worth of BTC were exchanged in the BTC/USD market representing a 14.5% share of the global daily volume. The BTC/JPY pair represents a 54.7% share.

The Ethereum price has risen 6.15% over the past 24 hours and is currently sitting at $478, with over $200 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 14.5% market share of the daily trading volume.

For a detailed market analysis click here

Coinbase Officially Opens Custody Service for Institutions

Yesterday, Cryptocurrency exchange Coinbase announced that its Custody service for institutional investors is now officially open. As stated by the company, Coinbase Custody is a combination of Coinbase’s battle-tested cold storage for cryptocurrencies, an institutional-grade broker-dealer, and a comprehensive client coverage program.

Today, the company also announced it is set to host an event in London, which will be hosted at the WeWork Mansion House on the 4th of July 2018 with the objective to analyze the investment potential of cryptocurrencies and their impact on both commerce and the wider world. 

Read more here

European Banks Complete First Live Blockchain Financial Trades

According to an official statement made today, a group of European banks established by Deutsche Bank, HSBC, KBC, Natixis, Nordea, Rabobank, Santander, Société Générale and UniCredit announced they have completed the first live blockchain-based financial trades across borders via their jointly developed we.trade blockchain platform. Built on IBM's Blockchain Platform and its Hyperledger Fabric technology, we.trade was built in a bid to boost the efficiency of cross-border financial transactions. IBM's blockchain lead in Europe, Parm Sangha, stated:

"As we.trade has moved from pilot applications to conducting live transactions across borders, it has demonstrated the power of blockchain technology in an enterprise setting."

Read more here

Japan’s Internet Group GMO Launches New Upgraded 7nm Bitcoin Miner

Yesterday, the GMO Internet Group announced the launch of its new model of 7nm Bitcoin mining rig, the GMO miner B3. According to the company, the B3 model has a maximum hash power of 33TH/s and supports mining of SHA256 algorithm. The Internet Group GMO stated:

"The major characteristics of GMO miner B3 are that it has the maximum hash power of 33 TH/s as well as can adjust the hash power optimally up to 33TH/s depending on the mining environment and global hash rate."

Read more here

Buglab to Launch Security Audit Contests for Crypto Exchanges With $2 Million Reward Pool

Recently, a new Ethereum-based platform named Buglab, that aims to strengthen information security by transforming the process of finding vulnerabilities into challenges appears on the radar. Buglab plans to secure cryptocurrency exchanges by hosting security testings for certified cybersecurity testers to find vulnerabilities and be rewarded for their cumulative discoveries.

Read more here

Sportsbet.io and All Football app in Landmark partnership

Sportsbet.io, the leading Bitcoin-led sportsbook, has agreed on a deal with football app All Football that will see the operator accept bets in All Football’s dedicated cryptocurrency, SOC coin.

The All Football app provides the very latest news and statistics from the world of football to an audience of over five million international users on its English-language version alone.

Featured in the top 10 applications in its category in more than 30 countries, All Football has proved to be a massive hit, recently announcing Argentina star Sergio ‘Kun’ Aguero and Belgium star Eden Hazard as official ambassadors.

James Shawn, COO at All Football, said: 

“All Football has built the most dedicated football community in the world, and SOC coin has been embraced by these users, with millions of dollars in SOC trading on crypto exchanges every day. By partnering with Sportsbet.io, our users can now use SOC coins to wager on the World Cup and hundreds of other sporting events every day.“

Sportsbet.io also went live with its World Cup Centre, a competitive one-stop shop for punters to bet on all the action from Russia. Sportsbet.io’s recent launches, such as the new Twitch-based football show, ‘Your Road To Glory’, have proven the operator is serious about pushing the expectations of a crypto sportsbook.

Follow all the Sportsbet.io action on Twitch, Twitter or Facebook

Buglab – Solving Cryptocurrency Thefts & Cybersecurity intrusions

The Buglab cybersecurity ICO is live! Supported by the French government and received by the French President.

Buglab an Ethereum blockchain-powered platform Buglab aims to strengthen information security by transforming the process of finding vulnerabilities into challenges — or “contests” — for certified cybersecurity testers. By setting time limits for these experts to find vulnerabilities, they will then be rewarded for their cumulative discoveries.

Founded by cybersecurity expert Reda Cherqaoui, who, at 16 began his career in cybersecurity and developed Facebook’s “Agatha” monitoring system in 2011, Reda has advised the likes of Hotmail, Yahoo, and eBay.

The pre-sale is live and will run for four weeks. Participation in the BGL token pre-sale is initiated by a whitelisting process from the official website. In total, 170 million BGL tokens (40% of the total supply of 425 million) will be available for purchase at a base price of $0.15 per BGL. Pre-sale participants will be entitled to a 25% bonus, while early participants of the general token sale will also be eligible for structured bonuses, beginning at 20% for the first 24 hours, 15% for the first week and 10% for the second week.

To learn more about Buglab click here

Press Release

State of the Crypto

Bitcoin is up 4.77% at $6,642.950 with a volume of Ƀ73.1k - $465.9M on the USD pairs.

Ether is up 1.42% against Bitcoin at Ƀ0.07216 per Ether and up 6.15% against the dollar to $478.82 with average volume Ƀ40.1k on the ETH/BTC pair.

Bitcoin Cash is up 5.7% to Ƀ0.1224 with volumes of Ƀ18.0k and up 10.63% against the dollar at $812.71.

Ripple is up 6.28% to Ƀ0.00007678 with volumes of Ƀ13.1k and up 11.12% against the dollar at $0.5096.

Zcash is up 8.53% for the day to Ƀ0.0285 per ZEC and up 13.47% against the dollar to $188.9 with an average volume of Ƀ3.2k for the 24 hour period.

Litecoin is up 11.51% against the dollar for the day at $88.57 and up 6.55% to Ƀ0.01334 on volumes of Ƀ16.0k.

Dash is up 2% at Ƀ0.0388 with Ƀ7.1k volume and up 7.11% against the dollar at $257.43.

Iota is up 8.13% to Ƀ0.0001795 on Ƀ2.8k volume.

Ether Classic is up 1.36% to Ƀ0.002534 with volumes of Ƀ15.7k and up 5.79% against the dollar at $16.82.

Monero is up 9.89% against the dollar at $143.88 and up 5.29% against Bitcoin at Ƀ0.0217 on volumes of Ƀ3.7k.

Neo is up 12.8% for the day to Ƀ0.00573 per NEO and up 17.79% against the dollar to $38 with an average volume of Ƀ6.7k for the 24 hour period.

Waves is up 4.84% to Ƀ0.0004791 on Ƀ2.2k volume.

Stratis is up 5.63% to Ƀ0.0004333 on Ƀ649.459 volume.

Cardano is up 6.63% to Ƀ0.00002379 on Ƀ4.9k volume.

NEM is up 11.92% to Ƀ0.00003032 on Ƀ1.7k volume.

EOS is up 9.93% to Ƀ0.001384 on Ƀ19.4k volume.

Tron is up 3.92% to Ƀ0.00000609 on Ƀ6.4k volume.

Stellar is up 7.46% to Ƀ0.00003298 on Ƀ3.2k volume.

Market risers
1 DGPT +52.53%
2 WAB +28.57%
3 PCCM +25.38%
4 MITX +18.93%
5 EXB +16.67%
Market losers
1 SUR -33.33%
2 BTM -32.56%
3 STX -29.03%
4 TOA -24.49%
5 OLT -21.83%
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