Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 5,201.38 with a loss of 1.32% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,396 representing a loss of 4.9% in the last 24 hours. More than $400 M worth of BTC were exchanged in the BTC/USD market representing a 14.08% share of the global daily volume. The BTC/JPY pair represents a 65.7% share.

The Ethereum price has dropped 7.69% over the past 24 hours and is currently sitting at $493, with over $150 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 23.3% market share of the daily trading volume.

See live charts here and here

Federal Reserve Branch Adds Cryptocurrency Price Indexes

Last Tuesday, US Federal Reserve announced it will add four cryptocurrency price trackers to its research database. According to the government institution, the Federal Reserve Economic Data will now include pricing for Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, which will be obtained from the cryptocurrency exchange, Coinbase.

Read more here

Bittrex to Add ETH-USD Pair

Last Wednesday, cryptocurrency exchange Bittrex announced that it is expanding its fiat-pair offerings - adding ETH-USD trading to its platform. The announcement made via Twitter, sees the exchange expanding its fiat options, after last month announcing USD pairings for BTC, USDT and TrueUSD. Bill Shihara, Bittrex' CEO, emphasised how important this development might be in helping with mainstream acceptance:

"Expanding fiat markets to the top digital currencies on our exchange should further drive adoption of this revolutionary technology by providing customers even more options for purchasing and trading digital currencies in a secure, robust and reliable environment with high liquidity."

Read more here

Toronto Stock Exchange to Add Second Blockchain ETF

The Toronto Stock Exchange (TSX) is set to list a new blockchain-based ETF, the Horizons Blockchain Technology and Hardware Index ETF fund. Co-chief Executive Officer of Horizons ETFs Management Canada Inc, Steve Hawkins, announced that the fund will be focused on companies in the well-established global infrastructure blockchain sector. Hawkins said:

"We don’t know which individual blockchain companies are going to work, we have no idea what the extent of the blockchain applications will be, but we do know people will have to invest in the infrastructure to build out blockchain. It’s going to be these ancillary services to the blockchain technology where the winners are going to be at the end of the day."

Read more here

How to bet on the World Cup with Bitcoin!

If you’re as excited about the World Cup as we are, then you may be trying to find a way to put your coins to good use and bet on your favourite teams. If you’re into crypto, then we know you love a little risk, so we thought we would show you how you can bet on the biggest sport event in the world.

We’re going to use Sportsbet.io World Cup Centre which is the number one Bitcoin-based sports betting platform on the web. Not only do they provide the best odds, they also have extremely advantageous welcome offer, boosting the daily favourite to 50.00!

Read more here

Education Ecosystem and Decentraland University Announce Partnership to Provide Virtual Reality Content

Education Ecosystem and Decentraland University have announced a partnership in order to build more virtual reality projects for learners and developers. The strategic partnership is ideal as both platforms stand to benefit tremendously from working together. Education Ecosystem is the YouTube for professional development where people learn how to build products in future technological fields. Decentraland University is the educational district within Decentraland, a virtual reality platform powered by the Ethereum blockchain.

You can read more about this partnership here.

OSA DC has Forged a Partnership with DalongPay to Bridge The Gap Between Crypto and Traditional Currencies.

DalongPay is a crypto-to-fiat payment system that allows its users to buy crypto online with bank cards, as it allows them to sell and swap crypto and fiat freely using the bank card and also transfer between the two types of currencies using DalongPay’s system. The team believes that the partnership will be greatly beneficial to the OSA DC community, as they can now easily purchase OSA tokens with fiat currencies using the platform. 

Building on its predecessor the OSA Hybrid Platform, OSA DC combines blockchain technology and cutting-edge artificial intelligence to help retailers and manufacturers better manage their inventories. 

Learn more here