Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 4,916.54 with a loss of 0.62% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $8,198 representing a gain of 6.55% in the last 24 hours. More than $1 B worth of BTC were exchanged in the BTC/USD market representing a 15.9% share of the global daily volume. The BTC/JPY pair represents a 54.2% share.

The Ethereum price has risen 3.49% over the past 24 hours and is currently sitting at $477, with over $200 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 15.7% market share of the daily trading volume.

See live charts here and here

China’s ‘Dream City’ Taps Ethereum Dev. Studio ConsenSys for Blockchain Push

Yesterday, Government officials behind Xiongan New Area have announced a partnership with ConsenSys, an Ethereum-based development studio. In accordance with South China Morning Post, the Xiongan government has signed a memorandum of understanding (MoU) with ConsenSys to “establish Xiongan as a next-generation smart city and a leading blockchain innovation hub.” ConsenSys founder, Joseph Lubin, stated:

“As one of our first major projects in the People’s Republic of China, we are excited to help define the many ‘use cases’ that could benefit from the trust infrastructure enabled by ethereum technology”

Read more here

Google Cloud Launches Blockchain Toolkit for App Developers

Yesterday, Google announced a partnership with two blockchain startups, Digital Asset and BlockApps, to bring Distributed Ledger Technology (DLT) solutions to its Google Cloud Platform (GCP). The partnerships will see both startups provide a software development kit (SDK) to developers working on Google Cloud, enabling them to test and build blockchain applications without having to code the entire platform themselves. Google Cloud’s Head of Financial Services, Leonard Law, stated:

“DLT has great potential to benefit customers not just in the financial services industry, but across many industries, and we’re excited to bring these developer tools to Google Cloud.”

Read more here

BitTorrent Officially Confirms its Acquisition by TRON

µTorrent's file-sharing client BitTorrent has officially announced that it has been acquired by TRON, reportedly for $140 million. On an official blog post the company stated:

“We are excited to announce that TRON has officially closed its acquisition of BitTorrent. BitTorrent will continue operating from TRON’s new San Francisco location, which is now the center of operations for the company’s global market expansion. The division will provide robust support for TRON’s global business development and partnerships while pursuing its vision for the world’s largest decentralized ecosystem.”

Read more here

MCV-CAP - Revolutionizing blockchain based banking

MCV-CAP and Blockchain Bank For You (BCB4U) are launching an ICO to fund the development of BCB4U, which will ignite a blockchain revolution in the retail banking sector. BCB4U will acquire a full banking license, which will enable it to offer users banking services via the blockchain. Right now, we are operating via a banking license for etoxx via a British/German banking group; however, this will be replaced by our own banking license which will promote flexibility, minimize costs, and boost the speed of operations.

Services offered by BCB4U:

After successful acquisition of a full banking license, BCB4U will offer a myriad of blockchain based banking services:

  • 24/7 Crypto and Fiat SEPA banking services via the blockchain. Our banking software has been tested in Praxis over the past couple of years and we are continuously developing it to improve it
  • Crypto/Fiat credit/debit cards that can be used at any point-of-sale (POS) and ATM worldwide
  • Blockchain based loans
  • Crypto based wealth management solutions
  • Cryptocurrency real estate investments
  • Cryptocurrency exchange services
  • ICO services. We will offer our clients a myriad of services to help them launch their ICOs seamlessly. They will benefit from the services of a professional team of blockchain programmers and product developers. They will be serviced free of charge (ICO legal aspects, taxing, marketing, whitepaper creation, graphics design, dashboard and website development, ICO preparation and sale, and more).
  • Cashless payments
  • Cashback that can reach up to 85%

Learn more here

Press Release

State of the Crypto

Bitcoin is up 6.55% at $8,198.410 with a volume of Ƀ135.6k - $1081.6M on the USD pairs.

Ether is down 2.75% against Bitcoin at Ƀ0.05828 per Ether and up 3.49% against the dollar to $477.39 with average volume Ƀ63.7k on the ETH/BTC pair.

Bitcoin Cash is down 0.66% to Ƀ0.1052 with volumes of Ƀ23.7k and up 5.12% against the dollar at $856.91.

Ripple is down 3.52% to Ƀ0.0000567 with volumes of Ƀ10.4k and up 2.67% against the dollar at $0.4647.

Zcash is up 0.43% for the day to Ƀ0.02562 per ZEC and up 7.12% against the dollar to $211.03 with an average volume of Ƀ5.8k for the 24 hour period.

Litecoin is up 4.29% against the dollar for the day at $87.58 and down 2.02% to Ƀ0.01069 on volumes of Ƀ18.5k.

Dash is down 2.49% at Ƀ0.03099 with Ƀ4.6k volume and up 4.02% against the dollar at $253.87.

Iota is down 3.81% to Ƀ0.0001211 on Ƀ1.3k volume.

Ether Classic is down 3.5% to Ƀ0.002041 with volumes of Ƀ7.0k and up 3.01% against the dollar at $16.76.

Monero is up 4.28% against the dollar at $141.18 and down 2.33% against Bitcoin at Ƀ0.01719 on volumes of Ƀ2.9k.

Neo is down 0.86% for the day to Ƀ0.004284 per NEO and up 5.47% against the dollar to $35.11 with an average volume of Ƀ4.0k for the 24 hour period.

Waves is down 11.5% to Ƀ0.000324 on Ƀ1.3k volume.

Stratis is down 6.8% to Ƀ0.0003346 on Ƀ612.423 volume.

Cardano is down 2.77% to Ƀ0.00002138 on Ƀ5.7k volume.

NEM is down 4.35% to Ƀ0.00002198 on Ƀ705.917 volume.

EOS is down 0.38% to Ƀ0.001042 on Ƀ19.7k volume.

Tron is up 4.44% to Ƀ0.0000047 on Ƀ10.3k volume.

Stellar is down 1.04% to Ƀ0.00003694 on Ƀ5.5k volume.

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