Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 8,661.61 with a gain of 3.37% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $11,286.120 representing a loss of 1.44% 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 53% share.

The Ethereum price has dropped 0.25% over the past 24 hours and is currently sitting at $846.73, with over $134.06M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 22.6% market share of the daily trading volume. The ETH/BTC pair represents a 49% share.

See live charts here and here

Coinbase Hit by Lawsuit Over Alleged Insider Trading

Cryptocurrency exchange Coinbase, has been hit by a class action lawsuit over alleged insider trading during its launch of Bitcoin Cash. According to a court document dated last Thursday, the case has been brought by Jeffery Berk, representing a group of investors that placed trading orders on Coinbase or its order book trading platform GDAX from Dec. 19-21, 2017. Based on the complaint, the case takes aim at Coinbase's launch of bitcoin cash (BCH) trading in the same month, with the plaintiffs accusing the company of tipping off insiders ahead of the formal launch. The complaint states:

"When Coinbase's customers' trades were finally executed, it was only after the insiders had driven up the price of BCH, and thus the remaining bitcoin customers only received their BCH at artificially inflated prices that had been manipulated well beyond the fair market value of BCH at that time."

Read more here

PayPal Files Patent to Improve Cryptocurrency Transaction Times

On the 1st of March, the electronic payments firm PayPal filed an application for an 'Expedited Virtual Currency Transaction System'. The patent appears to be for a system in which private keys (strings of characters that represent ownership of cryptocurrency and allow crypto to be traded) are traded between buyer and seller in a secure and anonymous manner. The documents read:

“The systems and methods of the present disclosure practically eliminate the amount of time the payee must wait to be sure they will receive a virtual currency payment in a virtual currency transaction by transferring to the payee private keys that are included in virtual currency wallets that are associated with predefined amounts of virtual currency that equal a payment amount identified in the virtual currency transaction.”

Read more here

Brazil Regulators Move to Block Bitcoin Mining Investments

Brazilian Securities and Exchange Commission (CVM) has moved to suspend the offer of securities related to a local Bitcoin mining operation. In a recent statement, the regulator declared that the offering for HashBrasil being pitched to investors was not authorized, identifying how the solicitations were playing out across social media channels. The securities regulator stated:

"The [Authority] has identified that the company and the individual mentioned above are publicly offering...an investment opportunity related to quotas in [a] bitcoin mining investment group ('HashBrasil'), using appeal to the public for the conclusion of contracts that may be included in the legal concept of security,"

Read more here

PodOne's Qubicle token crowdsale started on 3/1/2018!

Participate in the crowdsale early to receive a 50% bonus, available only during the first week of the crowdsale, March 1st, 2018 — March 7th, 2018. During the first week, investors will receive 1,500 QBE for 1 ETH.

In the second week of their crowdsale, participants will still have an opportunity to receive a 20% bonus, available only during the second week of the crowdsale, March 8th, 2018 — March 15th, 2018. 1 ETH will equal 1,200 QBE.

For the third and final weeks of the crowdsale, investors will receive 1,000 QBE for 1 ETH. This will be the final opportunity to participate in the Qubicle crowdsale and will be available from March 16th, 2018 — March 31st, 2018.

About PodOne

PodOne is launching the next global phase in contact center services, bringing together employers and agents through its decentralized network while optimizing staff time, reducing labour costs and elevating a new standard in training.

The team behind PodOne has a combined 50 years of experience in the contact center industry and are the leaders behind Fenero, a disruptive and award-winning cloud-based contact center platform used by over 2,200 call and customer service organizations worldwide.

Please visit https://PodOne.io to learn more. You can also view our whitepaper by visiting https://podone.io/whitepaper

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