Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 4,947.08 with a gain of 1.27% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $7,748 representing a gain of 4.57% in the last 24 hours. More than $550 M worth of BTC were exchanged in the BTC/USD market representing a 10.4% share of the global daily volume. The BTC/JPY pair represents a 52.7% share.

The Ethereum price has risen 0.41% over the past 24 hours and is currently sitting at $464, with over $100 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 12.6% market share of the daily trading volume.

For a detailed market analysis click here

MyEtherWallet Adds ETH Credit Card Purchases After New Partnership

Last Thursday, Ethereum wallet MyEtherWallet (MEW) has announced a new partnership with Simplex to let users buy Ethereum (ETH) using their credit cards. According to an official blog post, the regulated fintech company Simplex has integrated its AI-based technology with MEW so anyone can easily buy ETH with credit cards, as stated by MyEtherWallet:

"For existing users, we are simplifying the entire cryptocurrency-buying process, while making it instant and secure. You can now completely bypass cryptocurrency exchanges if you wish."

Read more here

Crypto Exchange Coinbase Establishes Political Action Committee (PAC)

According to recently revealed documents, cryptocurrency exchange Coinbase has established a political action committee (PAC) in an attempt to access to the politicians that have substantial influence over financial regulatory policy, however, the PAC hasn't raised any money. While forming a PAC is an industry first, Coinbase has recently signed up a $20 billion hedge fund for its institutional brokerage service, which counts as a major step to secure its long-term future.

Read more here

Samsung Stores in Three Baltic Countries Start Accepting Cryptocurrency Payments

Last Friday, Samsung has started accepting cryptocurrency payments in Latvia, Estonia, and Lithuania via CopPay, a cryptocurrency payment processor. In accordance with a blog post made by CopPay, Samsung is now accepting Bitcoin, Litecoin, Ethereum, Dash, Ripple, NEM, and Steem in its Baltic region stores. An excerpt from the post reads:

"Customers in Tallinn, Riga, Vilnius and Kaunas can buy Samsung smartphones, tablets, laptops, TV-sets, and more with digital money."

Read more here

DEx.top: How to buy and sell Ethereum and ERC-20 tokens in a decentralized exchange

Traditional centralized exchanges play a big role in the crypto space, allowing users to buy and sell cryptocurrencies quickly and intuitively. However, with the convenience that a centralized service provides, a few disadvantages come along. Traditional exchanges have shown that they are prone to security failures like hacks and exit scams.

Luckily, there is an alternative that is becoming more popular every day. Decentralized crypto exchanges like DEx.top allow users to buy and sell Ethereum and ERC-20 tokens in a convenient manner while still giving them the ability to hold on to their funds in their own wallet.

Read more here

Online.io Won The 1st Place From The Investor Prize at The d10e Conference

The Online.io team participated in the d10e conference organized by Mike Costache, held from the 9th to the 12th of June 2018, in Tel Aviv Israel. The primary goal of this conference was to explore and get people interested in the future of FinTech, ICOs, Blockchain, Sharing Economy and Disruptive Culture. The team took part in a segment of the conference called ICO Pitch Competition and won the 1st place from the Investor prize - $50,000.

The Online.io solution aims at creating a new internet based on its initials core values by making user's privacy and security their top priorities, while also conceiving a totally new and transparent revenue stream for worldwide website operators. By implementing a new revolutionary consensus algorithm, the PROOF – OF – ONLINE, website operators that agree to implement the OIO solution will be rewarded for the time spent by the users on their websites.

Regular internet users can also have financial benefits from the time spent on surfing the web by staking OIO tokens. This project strives for disrupting the advertising industry valued at 1 Trillion global annual spending, be leveraging on the increased consumer adversity towards annoying scammy and unwanted ads.

The Online.io ICO already raised $45,934,701 from the $50,000,000 hard cap. Click here to participate