Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 4,769.23 with a loss of 1.93% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $$6,604 representing a loss of 1.77% in the last 24 hours. More than $360 M worth of BTC were exchanged in the BTC/USD market representing a 9% share of the global daily volume. The BTC/JPY pair represents a 35.7% share.

The Ethereum price has dropped 5.33% over the past 24 hours and is currently sitting at $457, with over $150 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 20% market share of the daily trading volume.

For a detailed market analysis click here

Futures Exchange CBOE Files For Bitcoin ETF

Cboe, the world’s largest futures exchange, has filed for a Bitcoin ETF with the US Securities and Exchange Commission (SEC), to enable investors in the public market to trade Bitcoin. The official document filed by CBOE with the SEC emphasized that the Trust, referring to Cboe, will only invest in Bitcoin on behalf of investors.

"According to the Registration Statement, the Trust will invest in bitcoin only. The activities of the Trust are limited to: issuing Baskets in exchange for the cash and/or bitcoin deposited with the Cash Custodian or Trust, respectively, as consideration; purchasing bitcoin from various exchanges and in OTC transactions; delivering cash and/or bitcoin in exchange for Baskets surrendered for redemption; maintaining insurance coverage for the bitcoin held by the Trust; and securing the bitcoin held by the Trust.”

Read more here

Crypto Exchange Bancor Hacked, $12M in Ether Stolen

Decentralized exchange Bancor stated that a vulnerability on the platform was exploited to steal 24,984 ETH (approx $12 million), $1 million worth of NPXS and $10 million worth of BNT. In a tweet made yesterday, Bancor stated:

"This morning (CEST) Bancor experienced a security breach. No user wallets were compromised. To complete the investigation, we have moved to maintenance and will be releasing a more detailed report shortly. We look forward to being back online as soon as possible."

Read more here

Walmart Turns to Blockchain to Ease Package Delivery Woes

With delivery being one of the most challenging aspects of online retail, Walmart is looking to solve the puzzle one blockchain patent at a time. The company was awarded a patent detailing an invention focusing on the delivery of packages as well as scheduling the delivery of these packages. Titled "Delivery Reservation Apparatus and Method” the patent talks of delivery hubs (locker docking station) which use a public ledger to determine available capacity and make reservations.

Read more here

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Press Release

State of the Crypto

Bitcoin is down 1.77% at $6,604.790 with a volume of Ƀ53.7k - $360.2M on the USD pairs.

Ether is down 3.7% against Bitcoin at Ƀ0.06922 per Ether and down 5.53% against the dollar to $457.26 with average volume Ƀ36.5k on the ETH/BTC pair.

Bitcoin Cash is down 2.06% to Ƀ0.1095 with volumes of Ƀ17.3k and down 4.14% against the dollar at $721.49.

Ripple is down 2.44% to Ƀ0.00006971 with volumes of Ƀ8.5k and down 4.29% against the dollar at $0.46.

Zcash is down 5.29% for the day to Ƀ0.02436 per ZEC and down 7.21% against the dollar to $160.71 with an average volume of Ƀ2.3k for the 24 hour period.

Litecoin is down 5.68% against the dollar for the day at $77.61 and down 3.76% to Ƀ0.01176 on volumes of Ƀ13.2k.

Dash is down 6.36% at Ƀ0.03399 with Ƀ6.3k volume and down 7.92% against the dollar at $224.54.

Iota is down 5.26% to Ƀ0.0001531 on Ƀ1.9k volume.

Ether Classic is down 6.13% to Ƀ0.002602 with volumes of Ƀ12.7k and down 8.05% against the dollar at $17.14.

Monero is down 8.11% against the dollar at $127.14 and down 6.19% against Bitcoin at Ƀ0.01926 on volumes of Ƀ3.3k.

Neo is down 8.71% for the day to Ƀ0.005273 per NEO and down 10.38% against the dollar to $34.72 with an average volume of Ƀ4.4k for the 24 hour period.

Waves is down 5.19% to Ƀ0.0004272 on Ƀ1.1k volume.

Stratis is down 5.19% to Ƀ0.0003632 on Ƀ422.527 volume.

Cardano is down 5.26% to Ƀ0.00002035 on Ƀ2.7k volume.

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