Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 6,124.58 with a loss of 1.76% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $7,702 representing a gain of 0.84% in the last 24 hours. More than $400 M worth of BTC were exchanged in the BTC/USD market representing a 14.8% share of the global daily volume. The BTC/JPY pair represents a 62.8% share.

The Ethereum price has dropped 0.34% over the past 24 hours and is currently sitting at $605, with over $150 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 21.9% market share of the daily trading volume.

For a detailed market analysis click here

Coinbase Is On Track to Receive SEC Registration

Yesterday, cryptocurrency exchange Coinbase announced that it is in the process to register with the US Securities and Exchange Commission (SEC) as a broker-dealer, which would allow the exchange to list cryptocurrencies that SEC considers to be securities. According to a Coinbase statement, the company has acquired a broker-dealer license and a registered investment advisor (RIA) license, but it is still waiting for regulatory approval. The company's COO, Asiff Hirji stated:

"There are now many types of blockchain-based digital assets, from cryptocurrencies to security tokens to collectibles. In the United States, some of these assets will be subject to SEC oversight. With this in mind, securing these licenses will bring us a step closer to our goal, which is to be the most trusted way for our customers to buy, sell, and use many different types of crypto assets."

Read more here

Circle to Seek Federal Banking Licensing with U.S. OCC

Crypto finance company Circle announced its intention to become the first cryptocurrency company to obtain a banking license. Circle seeks to obtain a federal banking license with the U.S office of the Comptroller of the Currency (OCC) which would expand the services available to the company's customers. Furthermore, the company also aims to pursue registration with the U.S Securities and Exchange Commision (SEC) as a brokerage and trading venue. Circle's CEO, Jeremy Allaire, said:

"Hold reserves with the Federal Reserve, to natively access the central-banking system without intermediaries, to directly settle with other banks in other markets around the world through those networks – that can improve the efficiency of what we deliver, it can reduce the costs."

Read more here

Monero Gateway Opens on Waves

Cryptocurrency platform Waves announced that a Monero (XMR) gateway has now been added to the Waves Client. The gateway will enable Waves' users to deposit, store, trade and withdraw Monero from the Waves blockchain ecosystem, where it is held on a secure server and used to back corresponding Monero tokens on the Waves blockchain at a 1:1 ratio. These Monero tokens can be stored in a hot or cold Waves wallet, sent to other users, or traded on the built-in DEX against Bitcoin, WAVES or any other token in the Waves ecosystem.

Read more here

Final few Early Bird tickets for CryptoCompare & MJAC London Blockchain Summit

As the event is getting closer, we're selling the final few early bird tickets, with a further 40% discount if you use the code "CRYPTOCOMPARE". Here’s a reminder of what to expect on the day:

  • You certainly won’t want to miss the presentations and panels on the Main Stage where industry leaders will talk about the blockchain technology and how it is changing the world.
  • The ICO & Blockchain Stage is something you won’t want to neglect either. It will showcase top ICOs and the most interesting project will be awarded the Best ICO Pitch Award.
  • Networking and more networking. The event is a prime opportunity to meet exhibitors and like-minded individuals. Your ticket also includes an exclusive after show party for more networking opportunities.

Book your ticket now »

Turn cryptocurrency into a WSOP Main Event seat

Turns out you can buy into the World Series of Poker Main Event with cryptocurrency. Americas Cardroom is hosting a 30-package guarantee for the WSOP on Sunday, June 17th at 5:15 pm ET. The $500+40 buy-in No Limit Hold’em tournament pays out 30 WSOP prize packages worth $12,500 apiece.

While you can’t use crypto to pay for a Main Event seat at the WSOP registration desk in Las Vegas, you can turn your cryptocurrency into USD at Americas Cardroom, buy into the 30-package Mega Satellite, win a package, and use the funds to buy yourself into the Main Event.

For those who can’t play in the June 17th Mega Satellite, there’s another 4-package guarantee on June 24th. What’s more, players can enter Jackpot Poker games and play for the chance to win a WSOP package in a quick 3-player Sit & Go. Step Tournaments are also available for as little as a few cents.

Americas Cardroom now accepts over 60 of the world’s top cryptocurrencies, a number that continues to head north, appealing to the growing community of cryptocurrency adopters who play poker online.

Players who create their free Americas Cardroom poker account and enter bonus code CRYPTOCOMPARE on the first screen will qualify for a 3-part Welcome Package that includes up to $1,000 free on their first deposit, 20 days of free cash up to $50, and access to at least one New Depositor freeroll.

For more information on Americas Cardroom’s major push for the World Series of Poker, plus details on depositing and playing with cryptocurrency, visit AmericasCardroom.eu.

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Press Release

State of the Crypto

Bitcoin is up 0.84% at $7,702.990 with a volume of Ƀ55.1k - $421.6M on the USD pairs.

Ether is down 0.88% against Bitcoin at Ƀ0.079 per Ether and down 0.34% against the dollar to $605.68 with average volume Ƀ40.6k on the ETH/BTC pair.

Bitcoin Cash is down 0.27% to Ƀ0.1486 with volumes of Ƀ21.8k and up 0.54% against the dollar at $1142.65.

Ripple is down 0.19% to Ƀ0.00008797 with volumes of Ƀ5.9k and up 0.64% against the dollar at $0.6774.

Zcash is down 0.39% for the day to Ƀ0.03088 per ZEC and up 0.62% against the dollar to $238.08 with an average volume of Ƀ4.2k for the 24 hour period.

Litecoin is up 0.63% against the dollar for the day at $121.89 and down 0.31% to Ƀ0.01583 on volumes of Ƀ12.2k.

Dash is down 1.16% at Ƀ0.04095 with Ƀ5.3k volume and down 0.13% against the dollar at $315.77.

Iota is down 3.19% to Ƀ0.0002214 on Ƀ3.3k volume.

Ether Classic is down 2.08% to Ƀ0.001982 with volumes of Ƀ4.9k and down 1.1% against the dollar at $15.27.

Monero is up 1.07% against the dollar at $167.73 and down 0.09% against Bitcoin at Ƀ0.02177 on volumes of Ƀ3.9k.

Neo is down 0.85% for the day to Ƀ0.00702 per NEO and up 0.15% against the dollar to $54.09 with an average volume of Ƀ3.3k for the 24 hour period.

Waves is up 0.85% to Ƀ0.0005688 on Ƀ2.8k volume.

Stratis is down 1.23% to Ƀ0.0005801 on Ƀ555.186 volume.

Cardano is down 1.35% to Ƀ0.00002784 on Ƀ3.7k volume.

NEM is up 5.4% to Ƀ0.00003472 on Ƀ1.9k volume.

EOS is down 1.69% to Ƀ0.001802 on Ƀ31.8k volume.

Tron is down 0.26% to Ƀ0.00000774 on Ƀ9.3k volume.

Stellar is up 2.45% to Ƀ0.00003923 on Ƀ3.7k volume.
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