Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 8,197.87 with a loss of 2.26% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $10,637 representing a gain of 0.2% in the last 24 hours. More than $800 M worth of BTC were exchanged in the BTC/USD market representing a 20.5% share of the global daily volume. The BTC/JPY pair represents a 54.3% share.

The Ethereum price has risen 5.8% over the past 24 hours and is currently sitting at $891, with over $160M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 22.7% market share of the daily trading volume. The ETH/BTC pair represents a 47% share.

See live charts here and here

JP Morgan Chase Says Cryptocurrency Is A Threat

JP Morgan Chase has recently released a report stating cryptocurrencies pose a threat to their banking services. The report, known as ‘Form 10-K’, is an annual that has roughly 300 pages, and states cryptocurrencies such as Bitcoin and Ethereum posed a risk to JP Morgan banking services. The JP Morgan annual report reads:

“Furthermore, both financial institutions and their non-banking competitors face the risk that payment processing and other services could be disrupted by technologies, such as cryptocurrencies, that require no intermediation.”

Read more here

CFTC Allows Employees to Trade Cryptocurrencies

The U.S. Commodity Futures Trading Commission (CFTC) has given its employees the green light to invest in cryptocurrencies, according to a Bloomberg report. The CFTC's general counsel, Daniel Davis, gave the go-ahead in a memo earlier in February, apparently in response to "numerous inquiries" from employees about whether they could do so. While members of the agency can now invest in cryptocurrencies, they are still prohibited from crypto futures or margin trading, and from using insider information gleaned through their jobs, according to Bloomberg. The memo reads:

"In this environment, the situation is ripe for the public to question the personal ethics of employees engaging in cryptocurrency transactions. Please keep in mind that you must endeavor to avoid any actions creating the appearance that you are violating the law or government and commission ethical standards."

Read more here

Bittrex’ Stance on Bitcoin Private

Bitcoin private has been a long time to come, with the fork of Zclassic announced back in December of last year. Since then, traders have been steadily accumulating ZCL, causing its price to rise from $4 in early December to a high of almost $200. In the last 48 hours, the coin has plunged to a low of $73, a drop of 50% in less than a week.

It had been widely assumed – or at least hoped – that Bittrex would support the fork, given that 93% of the trading volume comes from the U.S. exchange. However, the exchange finally broke its silence yesterday and said that it "will not be supporting the market for Bitcoin Private". The statement reads:

"Bittrex will NOT be supporting the market for Bitcoin Private but due to issues with the Zclassic wallet, we will offer Zclassic holders on Bittrex partial support through claiming and withdrawing BTCP…Bittrex will suspend the Zclassic market approximately 15 minutes before the snapshot time and perform an on-exchange snapshot of ZCL balances. The market will re-open after 5 pm UTC once the on-exchange snapshot is complete.”

Read more here

Education Ecosystem Announces Token Exchange Listings and Chance to Win Three Tesla Model S Cars

Education Ecosystem (LiveEdu) has announced that their Education token will be issued to crowdsale contributors and also listed on exchanges this week.

CEO, Dr. Michael J. Garbade had this to say, “As ICO contributors know, due to legal restrictions we could not start work with centralized exchange listings until our ICO Round I was closed. This issue slowed us down but we have made progress with the help of our advisors. We have already closed deals with three exchanges where Education tokens will be listed, namely Bibox, Gate.io and Exchange 3. Exchange 3 will announce the listing themselves due to their policy. Our goal after these three listings is to get listed on two Tier 1 exchanges with whom we are currently in discussion. All of these exchanges will list Education tokens with ETH and BTC pairs.”

Gate.io will list Education tokens on Thursday, March 1, 2018 and Bibox on Friday, March 2, 2018. Both Gate.io and Bibox will give away a Tesla Model S and Education tokens if you participate in the trading and deposit competitions. You can be the owner of a brand new Tesla. Apart from the five centralized exchanges above, you can also trade Education tokens soon on Etherdelta, IDEX, Liqui, and Tidex.

Read more here

Dragon Inc.’s DRG Token not for High-Rollers Only

Another strategic partnership to integrate Dragon as a universally accepted utility token for the entertainment industry.

(ASEAN - March 1, 2018) Dragon Inc., which is on track to drastically transform the high-stakes and the junket gambling marketplace through its Blockchain-based solution, announced an agreement with Dragonbet8. Dragonbet8, which is already partnered with traditional industry leaders such as Visa & Mastercard are now proud to accept and fully integrate Dragon Tokens (DRG) into its payment solution after its launch.

This move by Dragon sees DRG tokens being not only used by high-rollers in casino junkets but by the massive online gaming community as well.

“For us here at Dragon Inc the natural choice is to expand into online gaming and casinos such as the popular games DragonBet8 have on their platform. Dragon Inc itself is constantly seeking out vital and positive partnerships between key industry leaders and new innovative technology providers striving to develop international relations and promote Dragon Token with partners who share our values. Our Utility entertainment token is set to be a game changer across the entire Blockchain ecosystem. This has always been my vision but I did not realise just how quickly mass adoption of Dragon Token would be.

Our new partnership provides another significant use-case for Dragon's solution. We welcome the team at DragonBet8 and look forward to sharing in our prosperity and continuing our great good fortune.”, says Paul Moynan Co-founder Dragon Inc.

Read more here

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