Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 4,745.26 with a gain of 4.78% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,729 representing a gain of 5.46% in the last 24 hours. More than $500 M worth of BTC were exchanged in the BTC/USD market representing a 10.6% share of the global daily volume. The BTC/JPY pair represents a 56.2% share.

The Ethereum price has risen 4.63% over the past 24 hours and is currently sitting at $474, with over $200 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 16.3% market share of the daily trading volume.

For a detailed market analysis click here

U.S. Regulators Approve Coinbase Acquisitions, Enabling It to List Security Tokens

Yesterday, cryptocurrency exchange Coinbase announced that the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINFRA) had approved its purchase of three companies  Digital Wealth LLC, Venovate Marketplace, and Keystone Capital Corp. According to Bloomberg, this acquisition will enable the San Francisco-based company to list security tokens under federal oversight, given that Venovate and Keystone are both registered with the SEC and FINRA as broker-dealers. 

Read more here

G20 Watchdog Develops ‘Vigilant’ Cryptocurrency Monitoring Framework

Yesterday, the Financial Stability Board (FSB) published a new framework for monitoring cryptocurrencies, which was delivered to G20 finance ministers and central bank governors. As reported by FSB, the framework was developed alongside the Committee on Payments and Market Infrastructures (CPMI) and presents several metrics that will be used to monitor the cryptocurrency market. An excerpt from the report explains:

"The objective of the framework is to identify any emerging financial stability concerns in a timely manner. To this end, it includes risk metrics that are most likely to highlight suck risks, using data from public sources where available.”

Read more here

Stasis Onboard First Institutional Client for EURS Stablecoin

Last Friday, Malta-based crypto outfit Stasis which has recently launched the stable coin EURS, announced that it had onboarded its first institutional client. Stasis CEO, Gregory Klumov, stated:

"We are happy to welcome on board of the STASIS ecosystem a licensed money manager, specializing in liquid alternatives. Institutional investors are just starting to accumulate crypto exposure and the EURS token is a perfect start to get involved in this exciting marketplace"

Read more here

Ledger - Keep your friends close and your coins closer!

The cryptocurrency world can be as dangerous as it is exciting. In the midst of all the hacks, phishing scams and other types of schemes, it can be hard to find a secure place to store your hard-earned cryptocurrencies. If you’re looking to get the best security the market has to offer, why not try the Ledger Nano S?

The Ledger Nano S is the most popular hardware wallet out there. It is a Bitcoin, Ethereum and Altcoins hardware wallet based on robust safety features for storing and sending cryptocurrencies. It connects to any computer (USB) and embeds a secure OLED display to double-check and confirm each transaction with a single tap on its side buttons.

The Ledger Nano S is the most secure way to store your coins. It ensures that your private keys can never be reached by hackers while also allowing you restore all your assets in case of theft or loss.

Buy The Ledger Nano S