Market Analysis Report

05 July 2018

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 4,839.98 with a gain of 0.37% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,601 representing a gain of 1.87% in the last 24 hours. More than $400 M worth of BTC were exchanged in the BTC/USD market representing an 11.4% share of the global daily volume. The BTC/JPY pair represents a 57.3% share.

The Ethereum price has risen 2.05% over the past 24 hours and is currently sitting at $470, with over $150 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 13.2% market share of the daily trading volume.

For a detailed market analysis click here

Malta is the First Country to Establish a Regulatory Framework for Blockchain Technology

Yesterday, the Parliament of Malta has approved three bills that regulate Blockchain Technology and Distributed Ledger Technology (DLT). The three bills are, the Innovative Technology Arrangements and Services Bill, Virtual Financial Assets Bill, and the Malta Digital Innovation Authority Bill. The Malta Parliamentary Secretary, Silvio Schembri, stated:

"This marks an important milestone through which companies will be provided with the necessary tools to operate in a regulated environment. This will put minds at rest for investors and whoever uses this new technology that is likely to change the world. I am optimistic that further companies will choose Malta to operate from with a system that offers stability and that will eventually result in further economic growth."

Read more here

Bitmain Is Now One Of The 21 EOS Block Producers

Last Tuesday, Chinese company Bitmain which runs AntPool, one of the world’s leading BTC and BCH mining pools with 15% of the total BTC hashing power, has announced it has become one of the 21 block producers of the EOS blockchain. According to the information provided by EOSAntPool, they have now received more than 51,000 votes, which will allow the participation in the processes of block forging and elections in the EOS network. On an official Twitter post, AntPool stated:

"EosAntPool has become one of the 21 EOS block producers. Thanks so much for all your support, vote and trust. EosAntPool will keep working on EOS community development and construction. Let's rebuild the world together."

Read more here

Coinbase Custody Partner Paid $80,000 Fine for ‘Putting Customer Assets at Risk’

After the cryptocurrency exchange Coinbase announcement of its new institutional-grade custody service, the firm's partner in the venture, Electronic Transaction Clearing (ETC) has been fined for putting customer assets at risk. In accordance with the U.S Securities and Exchange Commision, the company, tasked with safeguarding customer assets, illegally placed more than $25 million of customers’ securities at risk in order to fund its own operations. ETC eventually agreed to pay an $80,000 penalty without admitting or denying the SEC’s allegations.

Read more here

Why the CryptoCompare Team has Chosen the Ledger Wallet

Several companies around the world have been struggling daily to hinder the lives of anyone who illegally attempts to take control of your private keys and coins. To better understand these solutions and what they have to offer, we will briefly discuss some security aspects of current cryptocurrencies wallet solutions. Additionally, we’ll also talk about our favourite solution to keep your coins safe, the Ledger wallet.

Ledger Nano S is a Bitcoin, Ethereum and Altcoins hardware wallet, based on robust safety features for storing cryptographic assets and securing digital payments. It connects to any computer (USB) and features a secure OLED display to double-check and confirm each transaction with a single tap on its side buttons.

Read the full guide here

AnarchaPortugal – The Premier Event for Free Thinkers on Conscious Decentralization

AnarchaPortugal, cordially invites you to its premier event in Porto, July 19 & 20. With this backdrop of one of the most stunning cities in the world, we curate the most liberated minds in blockchain technology, cryptocurrency, governance philosophy, education, machine learning, consciousness, permaculture, biohacking and more, and blend in artists, developers, wellness experts, and designers to chart the course of the economic and thought re-evolution underway.

Keynote speakers include Walter Block, Cambridge Analytica Whistleblower, Brittany Kaiser; Ethereum Co-founder Taylor Gerring; President of Europe’s newest country, Liberland - Vít Jedlička and many others. Engage with more than 500 participants, 30+ speakers, interactive workshops, live painting and art performances & installations, health & wellness activities, exclusive networking events and decentralized dance parties.

Tickets are selling very fast - secure your Early Adopter Tickets here (only available for the next 24 hours) or apply as a sponsor to info@anarchaportugal.com by July 1.

Ubank (with Ubcoin as its integral part) signs pre-installation deal with LG

Ubank the leading mobile payments app in Eastern Europe, announced that it has signed an official agreement with LG Electronics stipulating that the app will be pre-installed on LG smartphones.

That means that all the users of LG phones will also have access to the Ubcoin Market, an eBay-like blockchain platform developed by the Ubank team that would help people acquire cryptocurrency in exchange for real goods.

Ubcoin Market is conducting its public token sale. Currently, it’s available at 11% discount till July 10. The project has already raised substantial funds from private and institutional investors, including the Inventure fund and the Singapore-based Amereus fund.

Ubank has been operating since 2009 and, as of today, has 2.5 million active users, more than 16 million downloads around the world. Ubank has also a strong partnership and long-term contracts with Samsung and Fly. That is why our app is pre-installed on all Samsung and Fly smartphones sold in Eastern Europe, including flagship Galaxy 9.

The Ubcoin Market will become part of the Ubank app as a new feature. Ubank is planning to start Ubcoin Market’s expansion into the Asian market during the 2nd and 3rd quarters of 2019, and the partnership with LG will be highly valuable in that respect.

To learn more about the Ubcoin partnerships visit, Partnership with LGPartnership with Samsung or the Website.

 

Press Release

State of the Crypto

Bitcoin is up 1.87% at $6,601.730 with a volume of Ƀ60.5k - $402.5M on the USD pairs.

Ether is up 0.28% against Bitcoin at Ƀ0.07141 per Ether and up 2.05% against the dollar to $470.63 with average volume Ƀ40.4k on the ETH/BTC pair.

Bitcoin Cash is down 0.77% to Ƀ0.1155 with volumes of Ƀ20.0k and up 1.06% against the dollar at $761.4.

Ripple is up 0.04% to Ƀ0.00007411 with volumes of Ƀ10.8k and up 1.92% against the dollar at $0.4887.

Zcash is up 0.33% for the day to Ƀ0.02756 per ZEC and up 2.14% against the dollar to $181.76 with an average volume of Ƀ2.3k for the 24 hour period.

Litecoin is up 0.53% against the dollar for the day at $84.57 and down 1.31% to Ƀ0.01282 on volumes of Ƀ13.0k.

Dash is up 2.01% at Ƀ0.03759 with Ƀ9.4k volume and up 3.28% against the dollar at $246.75.

Iota is up 1.95% to Ƀ0.0001782 on Ƀ2.7k volume.

Ether Classic is up 2.64% to Ƀ0.002567 with volumes of Ƀ13.7k and up 4.06% against the dollar at $16.92.

Monero is up 0.7% against the dollar at $138.35 and down 1.22% against Bitcoin at Ƀ0.02099 on volumes of Ƀ3.2k.

Neo is up 11.67% for the day to Ƀ0.006336 per NEO and up 9.2% against the dollar to $41.78 with an average volume of Ƀ9.4k for the 24 hour period.

Waves is down 0.96% to Ƀ0.0004527 on Ƀ1.2k volume.

Stratis is up 1.53% to Ƀ0.0004126 on Ƀ491.474 volume.

Cardano is up 0.31% to Ƀ0.00002292 on Ƀ3.7k volume.

NEM is up 2.65% to Ƀ0.00002908 on Ƀ912.11 volume.

EOS is up 0.97% to Ƀ0.001357 on Ƀ14.1k volume.

Tron is up 0.51% to Ƀ0.0000059 on Ƀ4.2k volume.

Stellar is up 1.75% to Ƀ0.00003199 on Ƀ2.2k 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 -28.95%
4 TOA -24.49%
5 OLT -21.83%
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