Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 4,528.70 with a loss of 2.87% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,381 representing a gain of 1.28% in the last 24 hours. More than $200 M worth of BTC were exchanged in the BTC/USD market representing an 8% share of the global daily volume. The BTC/JPY pair represents a 43.3% share.

The Ethereum price has risen 3.68% over the past 24 hours and is currently sitting at $452, with over $100 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has an 11.7% market share of the daily trading volume.

For a detailed market analysis click here

EOS Whales May be Behind Spam Attack on Ethereum Network

Recently, the Ethereum network came under a spam attack that was allegedly meant to harm its reputation and that saw transactions fees surge over 100% due to network congestion. As reported by Dapp creator Justo, from the team that launched two gambling games called PoWH3D and Fomo3D, his team was able to check that 40% of the activity Ethereum network came from a contract that issued an ERC-20 standard token called “IFishYunYu.” The token, per Justo, has no actual features and was issued up until the launch of EOS, on the 6th. Blockchain data shows the transactions are being funded by an address that has “a lot of crowdfunded EOS.” A user on Reddit has drawn a relation between these two events, stating:

"Gee, that sure is a lot of crowdfunded EOS, hundreds of thousands to be exact. From an account that seems to receive large sums of eos and immediately market sell them for thousands of ETH, which is then distributed out to contracts like this. Contracts that have been pulling this kind of transaction attack consistently across the ETH network."

Read more here

Major League Baseball Collectibles Are Coming to Ethereum

Last Friday, Major League Baseball (MLB) announced it is turning to blockchain to expand its fanbase. According to the announcement, MLB has partnered with Lucid Sight, a blockchain startup based in Los Angeles, to launch a dApp game on the Ethereum blockchain named "MLB Crypto Baseball". The dApp is set to launch later this summer and will allow baseball fans to trade digital avatars tied to specific moments in recent games while possibly earning rewards and stickers. MLB Executive Vice President, Kenny Gersh, explained:

"That is 100 [percent] one of the strategic goals of this initiative. Collecting items related to your team, engaging with your team in a new way. For me, say the Red Sox win the division in a couple months, I want to buy something that symbolizes that. These will be event-based things—those moments in sports that happen that you want to remember and cherish, and have a sense that you were there, even if only digitally."

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Cryptocurrency Exchange COBINHOOD to Launch Crypto-to-Fiat Trading Pairs

Last Thursday, cryptocurrency exchange COBINHOOD announced the launch of crypto-to-fiat trading pairs. Reportedly, the company will accept USD deposits starting from the 20th of July. COBINHOOD's founder, Popo Chen, stated:

"Traders know there are opportunities abound for value, so it's a very synergistic time to debut fiat trading on the COBINHOOD platform. There's no doubt in my mind that many value investors were waiting on the sidelines until prices rationalized, and so the near term promises to be an exciting time for exchanges that can offer the liquidity fiat options provide."

Read more here

Online.io - Reshaping The Internet

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, Online.io conceived a decentralized platform that combines all necessary features for a faster, safer, and more private Internet browsing.

Online.io 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.

The online.io ICO already raised $43,923,977 from the $50,000,000 hard cap. Click here to participate