Market Analysis Report

06 July 2018

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 4,761.15 with a loss of 1.63% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,492 representing a loss of 1.84% in the last 24 hours. More than $390 M worth of BTC were exchanged in the BTC/USD market representing an 10.4% share of the global daily volume. The BTC/JPY pair represents a 59% share.

The Ethereum price has dropped 1.33% over the past 24 hours and is currently sitting at $457, with over $170 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 14% market share of the daily trading volume.

See live charts here and here

IBM to Help Australian Government With Blockchain Technology

Yesterday, IBM announced via press release that it has secured an AU$1 billion (roughly $740 million) five-year "Whole of Government" agreement to be a major technology partner of the Australian Government. The agreement involves IBM hardware, software, and cloud-based services, although, one of the key parts of the deal is IBM's help with research into the application of blockchain technology. David La Rose, Managing Director of IBM Australia & New Zealand, said:

“The Whole of Government agreement reflects the growing importance of technology to the government’s transformation agenda. For agencies, it will be more simple and cost-efficient to engage with IBM. While our technologies make it possible for the government to delivery smarter, integrated, always-on digital services for citizens... This agreement is a testament to our forty-year partnership with the Australian Government. It shows trust and belief in our ability to transform and provide world-leading capabilities, leveraging our investments locally in AI, blockchain, quantum and cloud. We look forward to helping the Australian Government to re-define the digital experience for the benefit of all Australians.”

Read more here

Dutch ETF Giant Enters The Crypto World

Flow Traders NV, the largest European exchange-traded fund (ETF) trader has entered the crypto market, despite public warnings from the Dutch Authority for the Financial Markets (AFM) urging consumers to stay away from cryptocurrency trading. Bloomberg reported that Flow Traders has become the first trading firm in the world to publicly acknowledge that it is actively trading crypto ETNs on regulated exchanges. The Co-CEO of Flow Traders NV, Dennis Dijkstra, stated:

“People underestimate crypto. It’s big, and it is to be regulated very soon. The market participants are much more professional than people think. Institutional investors are interested — we know they are because we get requests.”

Read more here

Huobi Launches Cryptocurrency Exchange in Australia

Chinese cryptocurrency exchange Huobi announced this week that trading has begun on its newly-launched platform in Australia. The exchange advised users to be patient as it launches “more trading pairs to all users” in the future. Huobi Australia CEO Adrian Harrison said:

“Crypto-traders in Australia are increasingly knowledgeable and sophisticated, matched by a receptive regulator with interest in safely developing the market.”

Read more here

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.

Click here to learn more about Buglab, or click here to see the project supported by the French government and received by the French President.

Recently Added:

WCG added to Coin List

Press Release

State of the Crypto

Bitcoin is down 1.84% at $6,492.420 with a volume of Ƀ59.6k - $392.1M on the USD pairs.

Ether is down 1.33% against Bitcoin at Ƀ0.07046 per Ether and down 2.99% against the dollar to $457.17 with average volume Ƀ43.0k on the ETH/BTC pair.

Bitcoin Cash is down 4.95% to Ƀ0.1095 with volumes of Ƀ21.0k and down 6.41% against the dollar at $711.33.

Ripple is down 3.95% to Ƀ0.00007122 with volumes of Ƀ9.4k and down 5.55% against the dollar at $0.4629.

Zcash is down 7.09% for the day to Ƀ0.02556 per ZEC and down 8.4% against the dollar to $166.68 with an average volume of Ƀ3.5k for the 24 hour period.

Litecoin is down 3.9% against the dollar for the day at $81.29 and down 2.26% to Ƀ0.01253 on volumes of Ƀ13.1k.

Dash is down 1.83% at Ƀ0.03656 with Ƀ9.4k volume and down 3.95% against the dollar at $236.84.

Iota is down 4.97% to Ƀ0.0001701 on Ƀ2.1k volume.

Ether Classic is up 2.99% to Ƀ0.002653 with volumes of Ƀ15.0k and up 1.23% against the dollar at $17.22.

Monero is down 4.65% against the dollar at $131.55 and down 2.88% against Bitcoin at Ƀ0.02023 on volumes of Ƀ3.4k.

Neo is down 8.07% for the day to Ƀ0.005796 per NEO and down 9.66% against the dollar to $37.6 with an average volume of Ƀ6.1k for the 24 hour period.

Waves is down 5.28% to Ƀ0.000429 on Ƀ1.3k volume.

Stratis is down 6.18% to Ƀ0.0003886 on Ƀ453.469 volume.

Cardano is down 5.68% to Ƀ0.00002158 on Ƀ3.6k volume.

Market risers
1 DGPT +52.53%
2 WAB +28.57%
3 PCCM +25.38%
4 MITX +20.12%
5 EXB +16.67%
Market losers
1 SUR -33.33%
2 BTM -32.56%
3 STX -29.10%
4 TOA -24.49%
5 OLT -21.83%
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