Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 4,942.93 with a loss of 4.81% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $7,467 representing a gain of 1.88% in the last 24 hours. More than $550 M worth of BTC were exchanged in the BTC/USD market representing a 10.7% share of the global daily volume. The BTC/JPY pair represents a 55% share.

The Ethereum price has dropped 2.15% over the past 24 hours and is currently sitting at $465, with over $150 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 15% market share of the daily trading volume.

For a detailed market analysis click here

OKEx to Launch New Platform for Security Tokens in Malta

Yesterday, cryptocurrency exchange OKEx has announced a partnership with the Malta Stock Exchange to launch a new platform for listing and trading security tokens, which will be called "OKMSX". The partnership was formalized with a joint Memorandum of Understanding between OKEx and MSX, the Digital and Fintech wing of Malta Stock Exchange Holdings. The Chairman of the Malta Stock Exchange, Joseph Portelli, stated:

"Malta is on the cusp of becoming a centre of excellence within the global digital innovation landscape. We are thrilled to be teaming up with OKEx, a leader in the digital currency sector, to leverage our expertise on the compliance and regulatory front to truly be a trailblazer within the security token sector."

Read more here

Barclays Pursues Blockchain Patents to Create Digital Currency Network

UK's Bank Barclays has applied for several U.S patents that collectively outline a system that uses blockchain technology to combine the pseudonymity of cryptocurrency with the legacy financial system and its KYC/AML regime. According to the patents published by the U.S Patent and Trademark Office on Thursday, Barclays applied for one patent that outlines a blockchain-platform which could facilitate cryptocurrency transfers and another one for streamlining know-your-customer processes by storing identifying information on a private blockchain. Barclays Bank stated:

"The use of a blockchain provides at least several benefits. These include its public nature, allowing any other party or entity from viewing the data and cryptographic verification of the data enabled by the digital signatures, hashing and layered nature of the block chain. The transaction is a complete and verified unit of data in a form that may be added to the block chain ... Further or duplicate checks and work may be avoided, which can improve the efficiency of computer networks."

Read more here

Vietnam's Central Bank Agrees to Halt Crypto Miner Imports

According to local news outlet Viet Nam News, Vietnam’s central bank has recently agreed to a proposal brought forth by the country’s Ministry of Industry and Trade (MoIT) to halt cryptocurrency miner imports. The decision was made in an attempt to avoid harming local consumers since the cryptocurrencies are seen as an "illegal non-cash payment method" in the country. Viet Nam News' report reads:

"The use of mining equipment for Bitcoin, Litecoin and other cryptocurrencies in the country is difficult for the authorities to manage. Thus it is easy for people to use cryptocurrencies as a currency or another method of payment, which is illegal in Vietnam according to the amended Decree 101 on non-cash payments."

Read more here

FlipNpik Opens its Private Sale to Public and Introduces Fiat-based Payment Gateway

19th July, London and Singapore – In an unprecedented move, FlipNpik, the blockchain-powered social media platform for local businesses, democratizes its private sale and allows everyone to enjoy the privileges and bonuses traditionally reserved only for the large investors. Known as 'whales', these powerful investors typically enjoy large bonuses during the private sale phase of ICO's (Initial Coin Offerings). FlipNpik now turns this practice on its head by eliminating the large investment required to benefit from the 'whale' bonus, which offers up to 100% bonus of FNP (FlipNpik) tokens to the public, leveling the playing field for small investors.

Deploying one of the first fiat-based payment gateways using money transfers to facilitate ICO payments, FlipNpik also allows the larger community who may be new to but interested in cryptocurrencies to easily break down the 'crypto barrier'. Seasoned crypto investors will still be able to subscribe to the private sale and ICO using crypto-based payments. Starting with a low minimum buy-in of 100 USD, anyone can benefit from the 'whale' bonus which can reach 100%. 

For more information, please visit the website or the FlipNpik official video.

Press Release

State of the Crypto

Bitcoin is up 1.88% at $7,467.080 with a volume of Ƀ75.2k - $561.5M on the USD pairs.

Ether is down 4.11% against Bitcoin at Ƀ0.06235 per Ether and down 2.15% against the dollar to $465.8 with average volume Ƀ68.7k on the ETH/BTC pair.

Bitcoin Cash is down 3.87% to Ƀ0.1068 with volumes of Ƀ20.5k and down 1.97% against the dollar at $796.65.

Ripple is down 6.24% to Ƀ0.00006156 with volumes of Ƀ10.1k and down 4.26% against the dollar at $0.4603.

Zcash is down 7.72% for the day to Ƀ0.02606 per ZEC and down 5.44% against the dollar to $195.77 with an average volume of Ƀ4.1k for the 24 hour period.

Litecoin is down 1.52% against the dollar for the day at $84.97 and down 3.4% to Ƀ0.01136 on volumes of Ƀ14.4k.

Dash is up 4.12% at Ƀ0.03764 with Ƀ5.2k volume and up 6.39% against the dollar at $281.54.

Iota is down 7.47% to Ƀ0.0001351 on Ƀ1.3k volume.

Ether Classic is down 5.21% to Ƀ0.002273 with volumes of Ƀ9.2k and down 3.3% against the dollar at $16.98.

Monero is down 2.63% against the dollar at $138.89 and down 4.47% against Bitcoin at Ƀ0.01859 on volumes of Ƀ3.2k.

Neo is down 7.72% for the day to Ƀ0.004659 per NEO and down 6.4% against the dollar to $34.69 with an average volume of Ƀ4.1k for the 24 hour period.

Waves is down 4.9% to Ƀ0.000388 on Ƀ1.3k volume.

Stratis is down 7.64% to Ƀ0.0003795 on Ƀ544.259 volume.

Cardano is down 2.6% to Ƀ0.00002399 on Ƀ7.1k volume.

NEM is down 6.82% to Ƀ0.00002406 on Ƀ765.417 volume.

EOS is down 3.63% to Ƀ0.001114 on Ƀ17.2k volume.

Tron is down 5.58% to Ƀ0.00000491 on Ƀ11.2k volume.

Stellar is down 5.91% to Ƀ0.0000395 on Ƀ8.3k volume.

Trending forum posts