Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 5,271.13 with a gain of 0.47% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,760 representing a gain of 1.87% in the last 24 hours. More than $300 M worth of BTC were exchanged in the BTC/USD market representing a 13.1% share of the global daily volume. The BTC/JPY pair represents a 63.9% share.

The Ethereum price has risen 2.9% over the past 24 hours and is currently sitting at $539.84, with over $150 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 22.5% market share of the daily trading volume.

See live charts here and here

Tether Releases Law Firm Report on Its Reserves

Last week, the company behind cryptocurrency Tether (USDT), Tether LTD, has revealed it hired the Freeh Sporkin & Sullivan LLP (FSS) law firm to analyze its financial situation. According to the report, Tether has enough funds to back its USDT tokens, that are supposed to be pegged to the US dollar on a 1:1 ratio. However, an official audit wasn't conducted. The law firm stated:

"Earlier this year Tether engaged Freeh, Sporkin & Sullivan LLP (FSS) to review bank account documentation and to perform a randomized inspection of the numbers of Tethers in circulation and the corresponding currency reserves"

Read more here

Brazil’s Central Bank Unveils Blockchain Data Exchange Platform for Regulators

Brazil’s central bank has unveiled details of a newly-developed blockchain platform named as Pier, that will be used to facilitate information exchange between the country’s financial regulators. According to the announcement, the platform will be used to share data regarding the authorization processes for financial institutions between the Banco Central do Brasil, The Securities and Exchange Commission of Brazil, the Superintendence of Private Insurance and the National Pension Funds Authority. Banco Central do Brasil stated:

"Pier was developed by the BCB’s IT Department (Deinf), and will be operational at the end of 2018. Pier enables the data exchange between the BCB and other regulators, such as the Superintendence of Private Insurance (Susep), the Securities and Exchange Commission of Brazil (CVM), and the National Pension Funds Authority (Previc). Initially connected regulators will use Pier for sharing data regarding the authorization processes for financial institutions, including information on administrative sanctioning processes, the conduct of financial institutions’ officers, and the corporate control of entities regulated by the BCB."

Read more here

Coinbase Support for Ethereum Testnets & ERC-20 Tokens

Cryptocurrency exchange Coinbase announced it has added support for Ethereum testnets and custom ERC-20 tokens on its decentralized application browser and wallet, Toshi. The company stated:

"We already automatically show you popular ERC20 tokens that you own inside your Toshi wallet. With this latest release, we now we let you add custom ERC20 tokens that are not yet in our database."

Read more here

Online.io - Earn Tokens To Browse The Internet

In the last years, internet users are becoming less and less tolerant about digital ads, arguing that are increasingly intrusive, while also putting at risk the end users’ security since they can be infected with malware software. Additionally, more sophisticated tracking techniques are used to gather comprehensive information regarding users without their knowledge or consent. Sometimes even very sensitive information is collected and then sold by big companies to the highest bidder for huge profits.

Participants can get a 20% Bonus on their investment if they invest now! The bonus will then decrease until it reaches zero by July 10th, when the Public Sale begins.

Click here to register now and get your 20% bonus.