Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 5,145.84 with a gain of 0.11% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $8,258 representing a loss of 0.38% in the last 24 hours. More than $600 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 62.6% share.

The Ethereum price has risen 1.41% over the past 24 hours and is currently sitting at $481, with over $100 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 12.1% market share of the daily trading volume.

For a detailed market analysis click here

Coinbase Rolls Out Crypto Gift Card Service to EU and Australia

Yesterday, cryptocurrency exchange Coinbase announced that users from EU and Australia are now able to spend their cryptocurrency balances instantly with e-gift cards on popular retailers, like Nike, Tesco, Uber, Google Play, Ticketmaster, Zalando, and many more benefiting from zero withdrawal fees and some bonuses. Coinbase CEO, Zeeshan Feroz, stated:

"Customers purchasing an e-gift card will enjoy zero Coinbase withdrawal fees and bonuses on select e-gifts. By converting bitcoin into Uber credits or ether into a Nike shopping spree, customers will have greater flexibility and control over how they use their crypto."

Already available in the UK, Spain, France, Italy, Netherlands, and Australia, Coinbase expects to expand the number of retailers and markets available over the next three months, as well as the number of countries.

Read more here

BitMEX Trades Record 1 Million BTC in 24 Hours

Cryptocurrency exchange BitMEX, that offers traders ETF's, has reportedly traded a record 1 million in Bitcoin (BTC/XBT) in the period between 24th July and 25th July. The exchange offers traders both perpetual contracts and contracts with set expiration dates, along with up to 100x leverage on Bitcoin trades. Yesterday, in an official blog post the company stated:

"A new BitMEX (and industry) record: 1,000,000 XBT (> $8BN) traded in the last 24 hours!"

Read more here

Uber, E*Trade Vets to Launch No-Fee Crypto Exchange

According to the news outlet Fortune, the co-founder of Uber, Oscar Salazar and the founder of retail brokerage Lightspeed Financial, Stephen Ehrlich, are planning to launch a cryptocurrency exchange with no-fee trading, named "Voyager". As stated the exchange will start by listing 15 cryptocurrencies including Bitcoin, Ethereum and Bitcoin Cash. The exchange CEO, Stephen Ehrlich, explained:

"We saw an opportunity to build a dynamic smart order router that can take advantage of the marketplace and also offer customers no commissions."

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

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 down 0.38% at $8,258.720 with a volume of Ƀ73.5k - $602.6M on the USD pairs.

Ether is up 1.85% against Bitcoin at Ƀ0.05838 per Ether and up 1.41% against the dollar to $481.35 with average volume Ƀ45.1k on the ETH/BTC pair.

Bitcoin Cash is up 0.49% to Ƀ0.1029 with volumes of Ƀ19.2k and up 0.1% against the dollar at $850.08.

Ripple is up 2.16% to Ƀ0.00005633 with volumes of Ƀ8.0k and up 1.71% against the dollar at $0.4651.

Zcash is up 4.61% for the day to Ƀ0.02703 per ZEC and up 3.71% against the dollar to $223.75 with an average volume of Ƀ5.8k for the 24 hour period.

Litecoin is up 0.36% against the dollar for the day at $87.12 and up 0.67% to Ƀ0.01056 on volumes of Ƀ13.0k.

Dash is down 1.13% at Ƀ0.02976 with Ƀ4.2k volume and down 1.28% against the dollar at $245.55.

Iota is up 3.66% to Ƀ0.0001246 on Ƀ921.037 volume.

Ether Classic is up 4.17% to Ƀ0.002075 with volumes of Ƀ6.6k and up 3.81% against the dollar at $17.15.

Monero is up 1.86% against the dollar at $143.78 and up 2.29% against Bitcoin at Ƀ0.01741 on volumes of Ƀ2.7k.

Neo is up 2.08% for the day to Ƀ0.00426 per NEO and up 1.73% against the dollar to $35.2 with an average volume of Ƀ3.1k for the 24 hour period.

Waves is up 2.05% to Ƀ0.000333 on Ƀ926.516 volume.

Stratis is up 15.09% to Ƀ0.0003753 on Ƀ674.848 volume.

Cardano is up 1.7% to Ƀ0.00002099 on Ƀ3.6k volume.

NEM is up 1.91% to Ƀ0.00002239 on Ƀ603.911 volume.

EOS is up 2.61% to Ƀ0.001062 on Ƀ15.1k volume.

Tron is up 2.68% to Ƀ0.0000046 on Ƀ5.5k volume.

Stellar is up 8.29% to Ƀ0.00004012 on Ƀ10.1k volume.