Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at  4,862.97 with a gain of 4.04% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $$6,701 representing a loss of 0.43% in the last 24 hours. More than $220 M worth of BTC were exchanged in the BTC/USD market representing a 7.5% share of the global daily volume. The BTC/JPY pair represents a 35.2% share.

The Ethereum price has dropped 1.01% over the past 24 hours and is currently sitting at $480, with over $100 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 10% market share of the daily trading volume.

For a detailed market analysis click here

Local Crypto Exchanges are Circumventing India’s New Bitcoin Ban

According to Shubham Yadav, Coindelta's co-founder, cryptocurrency exchanges in India can no longer process fiat-to-crypto trades. Yadav expressed his concerns over the dependence on peer-to-peer marketplaces and the danger of using such platforms that have unknown investors and individuals:

“Earlier, a lot of these transactions were taken offline and completed, which led to a possibility of being robbed. Or even when it was online, you didn’t know who you were dealing with and there were chances that the deal could go awry."

Read more here

German Bank Offers Corporate Bank Accounts to EU Crypto Firms

Berlin, Germany-based solarisBank has received the licenses necessary to offer business banking accounts to Blockchain and cryptocurrency firms operating in the European Economic Area. Companies in the space can now open a ‘Blockchain Company Account’ using fiat currencies. The company stated:

"We're truly excited to launch our own @solarisBank Blockchain Factory today to become the banking partner for the cryptocurrency and blockchain industry."

Read more here

EOS Block Producers Allegedly Crash After RAM Usage Exceeds 1GB

EOS New York, a top 21 EOS Block Producer (BP), recently revealed that a number of block producers “crashed” after the network’s RAM usage exceeded 1 GB. According to EOS New York, the block producers whose systems reportedly crashed were not following the guidelines outlined in their agreement. EOS New York stated:

"Some Block Producers crashed when RAM usage on EOS exceeded 1GB tonight. Either they only had 1GB or they did not configure their node to properly set it at 64GB. This is a violation of the agreement. EOS New York produced on schedule. We are still confirming details."

Read more here - Revolutionizing The Browsing Experience

In the last years, internet users are becoming less and less tolerant about digital ads, arguing that are increasingly intrusive, while also putting at risk the end users’ security since they can be infected with malware software. Additionally, more sophisticated tracking techniques are used to gather comprehensive information regarding users without their knowledge or consent. To solve these problems, conceived a decentralized platform that combines all necessary features for a faster, safer, and more private Internet browsing. will leverage the current consumers’ perceptions, by offering to website operators the opportunity to access a new, untamed and more transparent revenue stream, thus replacing the one from traditional revenue from ads. By implementing a new revolutionary consensus algorithm, PROOF – OF – ONLINE, the website operators that will implement OIO solution will be rewarded for the time spent by the users on their websites.

Today is the last change participants can get a 5% Bonus on their investment. The bonus will then decrease until it reaches zero by July 10th (tomorrow), when the Public Sale begins.

Click here to register now and get your 5% bonus.

Press Release

State of the Crypto

Bitcoin is down 0.27% at $6,701.980 with a volume of Ƀ34.2k - $231.1M on the USD pairs.

Ether is down 0.26% against Bitcoin at Ƀ0.07182 per Ether and down 0.62% against the dollar to $480.29 with average volume Ƀ32.5k on the ETH/BTC pair.

Bitcoin Cash is down 2.37% to Ƀ0.1113 with volumes of Ƀ16.9k and down 2.67% against the dollar at $747.51.

Ripple is down 0.71% to Ƀ0.00007125 with volumes of Ƀ7.7k and down 1.01% against the dollar at $0.478.

Zcash is down 0.08% for the day to Ƀ0.02573 per ZEC and down 0.55% against the dollar to $172.43 with an average volume of Ƀ2.2k for the 24 hour period.

Litecoin is down 2.01% against the dollar for the day at $82.27 and down 1.68% to Ƀ0.01226 on volumes of Ƀ11.8k.

Dash is down 0.08% at Ƀ0.03637 with Ƀ6.8k volume and up 0.04% against the dollar at $245.32.

Iota is down 1.53% to Ƀ0.0001604 on Ƀ1.8k volume.

Ether Classic is down 0.4% to Ƀ0.002751 with volumes of Ƀ12.6k and down 0.48% against the dollar at $18.48.

Monero is up 2.02% against the dollar at $138.07 and up 2.09% against Bitcoin at Ƀ0.02055 on volumes of Ƀ2.9k.

Neo is down 4.45% for the day to Ƀ0.00575 per NEO and down 4.57% against the dollar to $38.64 with an average volume of Ƀ4.4k for the 24 hour period.

Waves is down 0.18% to Ƀ0.000451 on Ƀ964.801 volume.

Stratis is down 0.54% to Ƀ0.0003842 on Ƀ411.061 volume.

Cardano is down 1.24% to Ƀ0.00002143 on Ƀ2.5k volume.

Trending forum posts