Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 6,375.09 with a gain of 3.47% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $7,627 representing a loss of 1.23% in the last 24 hours. More than $350 M worth of BTC were exchanged in the BTC/USD market representing a 16.2% share of the global daily volume. The BTC/JPY pair represents a 55.1% share.

The Ethereum price has risen 0.51% over the past 24 hours and is currently sitting at $608.95, with over $150 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 23.5% market share of the daily trading volume.

For a detailed market analysis click here

Cryptocurrency Exchange Hitbtc Suspends Services in Japan

Cryptocurrency exchange HitBTC has announced a service suspension for Japanese residents. According to the company, this decision was made to prevent any trouble with the country's financial regulator since the cryptocurrencies exchange services are not authorized in Japan. From now on, users with Japanese IP address will be asked to provide their residency information within the exchange's know-your-customer (KYC) procedure to prove they are not residents of Japan. On their official announcement, the company stated:

"For the avoidance of any doubt and in accordance with the Japan Payment Services Act, Hitbtc has temporarily suspended providing virtual (crypto) currency exchange services to residents of Japan."

Read more here

Huobi Partners With Korean And Chinese Investors to Support Blockchain Initiatives

According to Chinese news outlet China Money Network, Huobi has partnered with NewMargin Capital and Kiwoom Securities Co., Ltd. to start an investment fund targeting $93 million with the goal to support blockchain enterprises in China and South Korea and stimulate the cooperation among the enterprises. NewMargin Capital is a Beijing based venture firm while Kiwoom Securities is a South Korea based online brokerage firm. 

Read more here

Ripple Adds Two More Money Transfer Firms to Payment Network

Ripple has partnered with two more payment providers for using its enterprise blockchain payments network RippleNet. The companies are the International remittance firms Singapore-based InstaReM and Sao Paulo, Brazil-based BeeTech, which stated it will benefit their clients with faster and low-cost money transfers. BeeTech CEO, Fernando Pavani stated:

"This partnership on RippleNet provides our customers a one-stop shop experience, including the ability to send payments and access new suppliers across more than 60 markets through xVia – a simple API connection.”

Read more here

Final speakers confirmed for CryptoCompare & MJAC London Blockchain Summit on 13 June 2018

The unique line-up will bring together top speakers from major forces in the industry. Among the confirmed speakers:

• Chris Burniske, Co-founder of Placeholder Ventures will talk about “Relative and Fundamental Valuation Approaches to Cryptoassets”
• Zeeshan Feroz, CEO (UK) of Coinbase will be presenting on “Cryptocurrencies: Creating an Open Financial System”;
• Claire Wells – Legal & Business Affairs Director for Europe at Circle will talk about regulation and what a future based on blockchain might look;
• Joshua Riddett, Founder & Managing Director of Easy Crypto Hunter will be examining crypto mining;
• Danny Aranda, Managing Director of Strategic Growth at Ripple, will be discussing “Blockchain and the Internet of Value”.

Exclusive offer: Get 40% off with the CRYPTOCOMPARE promo code.

Check the entire line-up and book your ticket now »

Elysian - Building E-commerce Websites on the Blockchain

Elysian is a decentralized E-commerce platform that builds websites on the blockchain for E-commerce merchants.

The platform improves security by storing data across a distributed private network using Ethereum's private side-chain for Proof-of-Authority consensus. In addition, the platform creates enhanced user experience through the implementation of Artificial Intelligence for virtual assistance and simple website navigation, and Virtual Reality to promote increased user engagement to lower bounce rates in E-commerce.

Learn more here

Swiss Alps Energy AG: At the Summit of Blockchain Pioneering

Swiss Alps Energy AG will launch its ICO this year, and this is good news for Crypto Miners.  Why? Because SAE’s innovative platform will cut miner’s energy bills drastically!

SAE can achieve this through its pioneering use of the Organic Rankine Cycle, a system that will facilitate the recovery of the unused energy that is a natural byproduct of the mining process.  

• Naturally Cool

SAE will use the money raised in its ICO to purchase the unused cabins that speckle the alpine landscape. These cabins will house SAE’s sophisticated mining cubes, the bedrock of SAE’s platform. Using only renewable energy, these aluminium encased cubes will operate in an environment that averages -15C all year round.  

• A Platform At The Peak

But that’s not all. With its ICO, SAE will introduce its token, SAM. The fuel of the SAE platform, SAM will allow users to rent mining facilities through the smart contract ledger of the Ethereum blockchain.

• A Gift From On High

SamaiX, available as part of the SAE platform, will offer advice on which cryptos to mine.  Using artificial intelligence, SamaiX analyzes the market to give advice on which coins are most profitable.

Join the climb.  Read the whitepaper, executive summary, or follow the project on Twitter, Medium, Telegram, Facebook, BitcoinTalk and LinkedIn.