Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 5,115.12 with a loss of 6.10% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,596 representing a gain of 1.57% in the last 24 hours. More than $500 M worth of BTC were exchanged in the BTC/USD market representing a 14.06% share of the global daily volume. The BTC/JPY pair represents a 63.6% share.

The Ethereum price has risen 2.51% over the past 24 hours and is currently sitting at $504.02, with over $400 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 32.1% market share of the daily trading volume.

See live charts here and here

SEC Official Pushes Back on Claims Ether Is a Security

Yesterday, during an event in San Francisco, the director of U.S Securities and Exchange Commission William Hinman said that the agency doesn't consider Ether and Bitcoin as securities due to the fact that there is no central figure or group responsible for it, and therefore the assets may not represent an investment contract. Hinman explained:

"Based on my understanding of the present state of ether, the ethereum network and its decentralized structure, current offers and sales of ether are not securities transactions(...) When I look at Bitcoin today, I do not see a central third party whose efforts are a key determining factor in the enterprise."

Read more here

New York Grants Cryptocurrency License to Bitcoin Wallet Xapo

Yesterday, New York Department of Financial Services has granted its BitLicense to the digital financial services company Xapo. With its new license, Xapo will now be authorized to offer its digital wallet and its offline vault service to users in New York. Xapo's CEO, Ted Rogers stated:

"We are very pleased with the approval of Xapo’s BitLicense application. It is the end result of much hard work, not just by Xapo personnel but by all the DFS and its staff.” 

Read more here

EOS Is Officially Live as 15% Voting Threshold Is Met

The EOS blockchain is now live after surpassing the 15% voting threshold yesterday. According to the company, the 21 block producers were officially elected and blocks are being created already. On an official post the company stated:

"EOS network is now live, this is an awesome moment. We just produced our first blocks."

Read more here

Start Mining Bitcoin Today!

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Horyou "Blockchain with a Purpose":

A Token for Inclusion and Sustainability

Promoting a traceable decentralized philanthropy, Horyou, the social network for social good, is introducing its HoryouToken, built on the concept of “Blockchain with a purpose”.

Horyou strongly believes in the power of technological advancements to support decentralization of philanthropy and to promote social good.

Launched in December 2013, Horyou social network currently gathers more than 250,000 users and 1,500 organizations from more than 180 countries.

HoryouToken provides access to a traceable and intelligent philanthropic redistribution service called Proof of Impact.

HoryouToken can be used:

  1. As a mode of transaction inside and outside the Horyou platform, as well as a Fintech payment solution intended to support philanthropy, through proof of impact
  2. To buy or sell products, as well as to subscribe to services and soft commodities that enhance social good within the future Horyou marketplace

“What Horyou platform is trying to do, is to get (those) people talk to each other and to connect them to funders, I can think of nothing better” (Eric Schmidt, former Executive Chairman of Google)

Horyou team is driven by one purpose: to make the world a better place.

Be the Change, Be Horyou! Join us: https://tge.horyoutoken.io

Press Release

State of the Crypto

Bitcoin is up 1.57% at $6,596.010 with a volume of Ƀ77.4k - $508.6M on the USD pairs.

Ether is up 2.51% against Bitcoin at Ƀ0.07667 per Ether and up 3.89% against the dollar to $504.02 with average volume Ƀ58.4k on the ETH/BTC pair.

Bitcoin Cash is down 1.87% to Ƀ0.1311 with volumes of Ƀ20.0k and down 0.57% against the dollar at $862.18.

Ripple is down 2.1% to Ƀ0.00008325 with volumes of Ƀ8.8k and down 0.56% against the dollar at $0.5486.

Zcash is down 0.51% for the day to Ƀ0.02944 per ZEC and up 0.95% against the dollar to $193.97 with an average volume of Ƀ4.9k for the 24 hour period.

Litecoin is up 0.9% against the dollar for the day at $97.38 and down 0.4% to Ƀ0.01479 on volumes of Ƀ19.6k.

Dash is up 2.31% at Ƀ0.04078 with Ƀ8.7k volume and up 3.68% against the dollar at $268.75.

Iota is down 1.47% to Ƀ0.000195 on Ƀ3.3k volume.

Ether Classic is down 1.36% to Ƀ0.00211 with volumes of Ƀ11.8k and up 0.22% against the dollar at $13.9.

Monero is up 0.1% against the dollar at $128.14 and down 1.32% against Bitcoin at Ƀ0.01949 on volumes of Ƀ3.5k.

Neo is down 2.03% for the day to Ƀ0.006043 per NEO and down 0.92% against the dollar to $39.74 with an average volume of Ƀ3.8k for the 24 hour period.

Waves is up 3.48% to Ƀ0.0005411 on Ƀ2.9k volume.

Stratis is down 0.49% to Ƀ0.000486 on Ƀ659.272 volume.

Cardano is down 2.11% to Ƀ0.00002548 on Ƀ4.5k volume.

NEM is down 0.76% to Ƀ0.00003022 on Ƀ808.448 volume.

EOS is up 3.68% to Ƀ0.001662 on Ƀ23.8k volume.

Tron is up 1.95% to Ƀ0.00000679 on Ƀ12.6k volume.

Stellar is up 0.42% to Ƀ0.00003586 on Ƀ3.3k volume.
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