Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 8,147.96 with a loss of 5.93% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $10,578.090 representing a loss of 6.2% in the last 24 hours. More than $1150M worth of BTC were exchanged in the BTC/USD market representing a 22.1% share of the global daily volume. The BTC/JPY pair represents a 52% share.

The Ethereum price has dropped 6.7% over the past 24 hours and is currently sitting at $789.84, with over $224M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 24.8% market share of the daily trading volume. The ETH/BTC pair represents a 41.1% share.

See live charts here and here

Coinbase Announces the Launch of its New Index Fund

Yesterday, popular online exchange Coinbase announced the release of a weighted index fund for cryptocurrencies. The Coinbase Index Fund will give accredited U.S. investors exposure to all assets listed on the company's current exchange, GDAX. The currencies will be weighted based on market capitalization. According to CNBC, Coinbase President and COO Asiff Hirji stated:

"It's a very simple to use, easy way to get exposure to the crypto-assets that we offer on our exchange."

Read more here

Russia Prepares to Legalize Cryptocurrency Markets by July 2018

A Russian parliament’s official report, released on the 1st of March, states that Russian president Vladimir Putin has set a deadline on the 1st of July for relevant cryptocurrency legislation to be adopted in the country. Russia’s Ministry of Finance has put the spotlight on legal guidelines for the issuance of Initial Coin Offerings (ICOs) while the country’s central bank has prepared a separate draft law on crowdfunding. State Duma Committee for Financial Markets chairman, Anatoly Aksakov, stated:

“The central bank is against the legalization of this type of digital currency since in this case, citizens can start actively investing in crypto-tools, not taking into account possible risks.”

Read more here

North Korea May Have Netted 11,000 BTC in Transactions

North Korean hackers may have netted the regime over $200 million worth of cryptocurrency transactions last year. The regime’s potentially huge cryptocurrency revenue was revealed by Priscilla Moriuchi, a former NSA officer, during an interview with Radio Free Asia. Per the former US government employee, North Korea could have made an estimated 11,000 bitcoins through a cyber army. Per Moriuchi, who now works at cybersecurity firm Recorded Future, said the funds were acquired through mining or hacking. She stated:

“I would bet that these coins are being turned into something – currency or physical goods – that are supporting North Korea’s nuclear and ballistic missile programme.”

Read more here

The First C³ Crypto Conference in Berlin: Buy your tickets now!

The most extensive conference for cryptocurrencies and blockchain in the heart of Europe, offering keynotes, workshops and exhibitions embracing the ecosystem of decentralization will be held on April 5th and 6th, 2018. The C³ Crypto Conference in Berlin already boasts a dynamic lineup of crypto superstars, from Miko Matsumura to Hartej Sawhney, the world’s leading smart contract security auditor, with more speakers, exhibitors and workshops being added daily.

“Berlin is inviting the world to a hands-on experience engaging with the world’s top blockchain experts aiming to link the ecosystem,” said Dennis Weidner, managing director of the C³ Crypto Conference.

This exhibition is open to all blockchain enthusiasts, from beginners to investors to the most hardcore bitcoin maximalists.

“Everyone will enjoy it, from small-time traders to mainstream investors and CEOs,” said Weidner. The C³ Crypto Conference will provide a unique platform to introduce yourself, your company, or your token to some of the biggest names in crypto. Attendees will have the opportunity to apply for highly coveted jobs, and even pitch their ICOs to a panel of prominent investors. The C³ Conference will also provide ticket-holders with outstanding opportunities to learn from and network with the industry’s top thinkers, with companies like SAP, Wallstreet Online and Savedroid all in attendance.

For tickets and more information, visit https://www.crypto-conference.com

Eligma - AI-driven and blockchain-based cognitive commerce platform

Eligma is set to change the way people discover, purchase, track and resell items online. With its unique features, it will offer users a “one-place”, from where they can shop in all the online stores anywhere in the world, check the value of items in their inventory and learn the best time to sell those items.

Eligma will offer users a completely decentralized universal loyalty program and help transform every household into a business while also bringing cryptocurrencies into mainstream by offering crypto payments for online stores that do not offer them yet. The three main pillars, discovery, inventory and loyalty, will enable Eligma to become an AI-driven and blockchain-based platform that acts as a personal commerce agent. It will advise users, which item to buy by considering item components, quality, price, shipping time and costs as well as other factors. It will enable users to securely and transparently sell their used items on multiple second-hand markets at the most appropriate time through their personal item inventories.

Eligma will transform every household into a business and save the one thing that cannot be bought - time.

Learn more here