Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 6,306.45 with a gain of 2.97% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $7,650.150 representing a loss of 0.84% in the last 24 hours. More than $250 M worth of BTC were exchanged in the BTC/USD market representing a 14.3% share of the global daily volume. The BTC/JPY pair represents a 62.7% share.

The Ethereum price has dropped 0.23% over the past 24 hours and is currently sitting at $600, with over $100 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 19.7% market share of the daily trading volume.

For a detailed market analysis click here

VanEck and SolidX Join Forces to Bring to Market Physically-Backed Bitcoin ETF

Last Wednesday, investment management firm VanEck announced that it will partner with SolidX, a financial services provider, to list a physically-backed Bitcoin ETF that will be insured against loss or theft of Bitcoin. VanEck's CEO, Jan van Eck, said:

"We believe that collectively we will build something that may be better than other constructs currently making their way through the regulatory process. A properly constructed physically-backed bitcoin ETF will be designed to provide exposure to the price of bitcoin, and an insurance component will help protect shareholders against the operational risks of sourcing and holding bitcoin.”

Read more here

Software Giant SAP Launches Blockchain-as-a-Service Platform

Last Wednesday, Multinational enterprise software provider SAP has launched a cloud platform that is dedicated to helping corporates develop blockchain applications. According to the company, the cloud-based solution aims to provide enterprises with a framework to build business applications on top of blockchain systems such as Hyperledger Fabric and MultiChain. On an official announcement the company stated:

"SAP Cloud Platform Blockchain is a new blockchain as a service enabling enterprises to easily build and extend business solutions with blockchain technologies, such as Hyperledger Fabric and MultiChain. About 65 companies participate in the SAP blockchain co-innovation initiative to help customers use manufacturing and supply-chain products augmented by blockchain to enhance transparency, safety and collaboration in industries such as transportation, food, and pharmaceuticals"

Read more here

Japanese I.T. Giant Fujitsu Unveils Blockchain Platform for Retailers

Technology equipment and services company Fujitsu announced the launch of the cloud-based Fujitsu Intelligent Society Solution Blockchain Asset Service for the retail sector. According to the announcement, the use of blockchain technology will be aimed towards tourist sites, markets and shopping centres, allowing customers to collect digital stamps by scanning QR codes in designated areas, which will be stored on the Fujitsu’s hybrid blockchain and redeemable for benefits and coupons in selected shopping or retail stores. The company stated:

"At the same time, they can also more effectively set strategies for regional revitalization, based on the activity patterns of users seen in the analysis results, and on such factors as the use of the coupons and other benefits.”

Read more here

Final few tickets for CryptoCompare & MJAC London Blockchain Summit

As the event is getting closer, we're selling the final few 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 »

Freedom Coin Promises to be the Fastest Altcoin on the Market!

The Freedom Coin (TFC) is a unique cryptocurrency that features superior speed, a unique governance model and incentives to hold TFC for the long run.

Unlike BTC, TFC is a proof-of-stake (PoS) cryptocurrency so holders are paid with TFC for every 24 hours that they hold TFC in a wallet.

When TFC is not staking, it should be spent. It is the fastest altcoin on the market aimed at real-world transactions. Transactions are executed at 325 transactions per second (tx/s). Thus, TFC can keep the pace with production online payment gateways like PayPal which handles 193 tx/s.

Masternodes can be owned by individuals but nodes are also divided into 20 units so owning a share in a masternode is accessible to anyone.

The TFC blockchain relies on this network of masternodes to maintain and deliver services to the network. TFC Masternode holders have a say in the decision-making process and can vote on project decisions through a voting system. A unique incentive is that owners are also paid additional monthly network support fees in BTC for maintaining the network. This delivers an additional revenue stream and motivation to put up coins in a masternode instead of just holding it.

Learn more here