Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 8,379.38 with a loss of 0.89% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $11,535 representing a gain of 3.28% in the last 24 hours. More than $700 M worth of BTC were exchanged in the BTC/USD market representing a 20.18% share of the global daily volume. The BTC/JPY pair represents a 52.54% share.

The Ethereum price has risen 2.87% over the past 24 hours and is currently sitting at $864, with over $90M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 14.7% market share of the daily trading volume. The ETH/BTC pair represents a 49.8% share.

See live charts here and here

Mark Carney: Prospect Of Crypto Replacing Fiat Is ‘Tenuous At Best’

The Bank of England governor, Mark Carney, delivered a speech titled ‘The Future Of Money’ and spoke in depth on cryptocurrencies and the challenges they posed. Throughout the speech, he dismissed the idea of cryptocurrencies replacing fiat money, and said that they entailed significant risks for investors and those investing in cryptocurrencies could lose money. The governor said that cryptocurrencies do not currently pose a threat to financial stability, however, he said that if more people started investing the bubble could raise concerns for macro-financial stability. He stated:

"Their [cryptocurrencies] prospects of replacing fiat money are tenuous at best"

Read more here

Bittrex Blocks Residents of North Korea, Iran, Crimea, Syria, and Cuba

Last month, Las Vegas-based cryptocurrency exchange, Bittrex, published its new terms of service, which are expected to come into effect on the 9th of March.

The new terms of service will forbid citizens or residents of any state, country, territory or other jurisdiction that is embargoed by the United States from accessing Bittrex's trading services.

Read more here

UK Central Bank to Clamp Down on Crypto Money Laundering

Last Friday, during a speech at the Scottish Economics Conference in Edinburgh, Mark Carney, governor of Bank of England, stated that in his opinion, more rigorous regulations should be applied to exchanges in order to avoid the illicit use of cryptocurrencies in financial crimes, such as money laundering and terrorism financing. Carney said:

"In my view, holding crypto-asset exchanges to the same rigorous standards as those that trade securities would address a major underlap in the regulatory approach"

Read more here

iOlite Aims to Facilitate Smart Contract Coding By Allowing Any Language via Its Fast Adoption Engine

The iOlite Foundation aims to bridge current technological gaps and draw mainstream users with different coding expertise to blockchain technology. iOlite offers its solution to all users, even those without experience with Solidity. The answer is simple: if you are not good at Solidity, use your own programming language to create smart contracts!

To assist coding newcomers, iOlite intends to build a platform that will allow anyone to write smart contracts using various languages, both spoken (like English) and programming (like Java, C++, Python, etc.) iOlite will utilize blockchain and machine learning technologies that will accept text in any language as an input, and then instantly compile it into smart contracts with the help of Fast Adoption Engine (FAE).

Writing smart contracts on iOlite is designed to be user-friendly while the iLT tokens become the financial backbone. All contributors in the iOlite network who help with the machine-learning process will receive iLT tokens depending on the complexity of the smart contract structures they create.

The crowdsale starts on March 10, 2018, and will end on April 14, 2018. iOlite aims to reach a hard cap of $12.5 million. If you are interested in iOlite’s TGE, you can visit their website or subscribe join their Telegram

Solid Rocket Booster Ignition And Liftoff Of The Datarius!

Today, on March 5, 2018 at 12:12 UTC, the main ITO round of the Datarius project will start with a 30% bonus in the first 6 hours – Datarius, the first social p2p cryptobank allow users and legal persons from all over the world, to interact directly with each other, thereby avoiding the middlemen intervention and paying only a minimal fee to the platform, at their discretion, based on the additional services selected. Datarius features:

  • Three categories of P2P Lending with different risk levels;
  • Minimum system fees in accordance with the AI-based transaction risk levels;
  • Possibility of creating your own microcredit account;
  • Possibility of making lending fully automated due to the Trust Limits and a unique rule designer;
  • Analysts, risk managers, combined with a credit rating system based on BIGData and partner services;

Why to participate in the ITO?

  • DTRC token is a unique key to access all the benefits of the Cryptobank;
  • Fintech segment of p2p microlending demonstrates annually almost a 30.5% growth in developing countries;

Participation in the final round is the last chance to become an active user of the bank of the future and start benefiting with the project. How to invest?

  • Visit the Datarius official website and register as a participant at ito.datarius.io
  • Participate in the project’s Referral Program and get an additional 5% bonus.

Are you tired of opacity, greed, and banality of the classical financial systems? Do you aspire to freedom of choice and financial products as a Pay what you want service? Datarius is your social p2p cryptobank.

Recently Added:

BITCAR added to Ongoing ICO list

Press Release

State of the Crypto

Bitcoin is up 3.28% at $11,535.190 with a volume of Ƀ61.9k - $706.1M on the USD pairs.

Ether is down 0.46% against Bitcoin at Ƀ0.07513 per Ether and up 2.87% against the dollar to $864.97 with average volume Ƀ28.6k on the ETH/BTC pair.

Bitcoin Cash is up 0.63% to Ƀ0.111 with volumes of Ƀ8.9k and up 4.19% against the dollar at $1282.73.

Ripple is up 12.02% to Ƀ0.00009021 with volumes of Ƀ18.9k and up 15.99% against the dollar at $1.04.

Zcash is up 0.57% for the day to Ƀ0.0353 per ZEC and up 3.94% against the dollar to $407.76 with an average volume of Ƀ1.9k for the 24 hour period.

Litecoin is up 2.16% against the dollar for the day at $211.18 and down 1.24% to Ƀ0.01828 on volumes of Ƀ11.5k.

Dash is up 0.48% at Ƀ0.05389 with Ƀ4.3k volume and up 3.45% against the dollar at $621.02.

Iota is down 0.24% to Ƀ0.0001631 on Ƀ739.374 volume.

Ether Classic is down 6.49% to Ƀ0.002535 with volumes of Ƀ13.4k and down 3.27% against the dollar at $29.24.

Monero is up 10.38% against the dollar at $375.06 and up 6.69% against Bitcoin at Ƀ0.03252 on volumes of Ƀ5.1k.

Neo is down 2.21% for the day to Ƀ0.0102 per NEO and up 1.4% against the dollar to $118.01 with an average volume of Ƀ4.8k for the 24 hour period.

Waves is down 0.03% to Ƀ0.0005939 on Ƀ1.7k volume.

Stratis is up 0.39% to Ƀ0.0007133 on Ƀ445.095 volume.

Cardano is down 0.63% to Ƀ0.00002536 on Ƀ3.4k volume.

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