Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 4,820.99 with a loss of 8.91% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,539 representing a loss of 0.01% in the last 24 hours. More than $800 M worth of BTC were exchanged in the BTC/USD market representing a 19.6% share of the global daily volume. The BTC/JPY pair represents a 59% share.

The Ethereum price has risen 2.06% over the past 24 hours and is currently sitting at $488.51, with over $350 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 33.9% market share of the daily trading volume.

See live charts here and here

Thomson Reuters Data Now Tracking Top 100 Cryptos

Yesterday, Canadian multinational firm Thomson Reuters announced it is expanding its cryptocurrency sentiment data toolkit to cover 100 different cryptocurrencies. The Thomson Reuters MarketPsych Indices Cryptocurrency Sentiment package monitors more than 2,000 global news and 800 social media sites in real-time to determine sentiments such as "excitement" or "hope" using natural language processing combined with machine learning. Thomson Reuters' Global Head of Investing, Pradeep Menon, said:

"Adding a cryptocurrency-focused sentiment feed to our suite of cross-asset solutions has...enabled us to provide our customers with invaluable insights that may help them make strategic investment decisions."

Read more here

Cryptocurrency Exchange Binance to Expand to Jersey

Cryptocurrency exchange Binance announced the expansion of its operations to Jersey. According to an official statement, the exchange has signed a memorandum of understanding with the local organization, Digital Jersey, to collaborate on initiatives designed to increase the Crown dependency's status as a hub for blockchain development. Binance's CEO, Changpeng Zhao explained:

"We have chosen Jersey to be the next big step in our global expansion strategy for its clear and pro-crypto investment and regulatory environment. With its local economy based on a major currency (GBP), and its close proximity to the UK and Western Europe, we are confident the cooperation with Jersey will not only benefit the local economy, but also form a strong operational foundation for our expansion into the rest of Europe.”

Read more here

Tether Used to Manipulate Bitcoin’s Price Last Year, Study Suggests

Stable coin Tether (USDT) has been used to manipulate Bitcoin's price last year, according to the study's authors John Griffin and Amin Shams. The authors stated that the stable coin was used to buy Bitcoin in a coordinated way effectively ensuring its price didn't drop and also that other traders saw buy signals in specific ranges. Griffin said:

"I’ve looked at a lot of markets. If there’s fraud or manipulation in a market it can leave tracks in the data. The tracks in the data here are very consistent with a manipulation hypothesis.”

Read more here

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Security hole in cryptocurrency wallets discovered by Americas Cardroom CEO

Leading online poker room Americas Cardroom recently discovered a smartphone security issue for anyone who uses cryptocurrency wallets. The security issue has nothing to do with online poker and could affect cryptocurrency holders around the world.

In a video posted by the Winning Poker Network (the parent company of popular cryptocurrency poker site Americas Cardroom), CEO Phil Nagy details the security issue he discovered while using a predictive keyboard on his smartphone. The security issue has to do with cryptocurrency holders who use smartphone crypto wallets for iPhone or Android and how SEED words interact with predictive keyboards.

Upon restoring a cryptocurrency wallet using SEED words, it’s possible that a smartphone’s artificial intelligence could inadvertently predict the remaining SEED words, thereby giving hackers easy access to all cryptocurrency in the wallet.

In the video, Nagy notes that while going about his daily business on his iPhone, he happened to type a word that matched his first SEED word. His phone’s artificial intelligence then suggested the remaining 11 words in his SEED sequence.

Nagy notes that if cryptocurrency users are going to restore their wallet using SEED words, it’s a smart idea to turn off the predictive text feature to prevent SEED words from falling into the wrong hands.

Americas Cardroom is the leading international cryptocurrency poker site, accepting over 60 of for deposits and withdrawals.

Players who create their free Americas Cardroom account and enter bonus code CRYPTOCOMPARE will qualify for a 3-part Welcome Package including 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.