Market Analysis Report

09 March 2018

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 7,069.52 with a loss of  3.53% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $8,736 representing a loss of 12.39% in the last 24 hours. More than $1.9B worth of BTC were exchanged in the BTC/USD market representing a 30.4% share of the global daily volume. The BTC/JPY pair represents a 44% share.

The Ethereum price has dropped 11.03% over the past 24 hours and is currently sitting at $674.26, with over $380M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 35.1% market share of the daily trading volume. The ETH/BTC pair represents a 33.01% share.

See live charts here and here

Japanese Exchanges ‘Punished’ By FSA Regulators

Yesterday, the Japanese Financial Services Agency (FSA) announced that it has suspended two cryptocurrency exchanges. Starting today, the duration of each suspension is a month and has been ordered as the result of poor security and compliance standards. Bit Station and FSHO were the exchanges that had trading halted for a month. However, 5 other exchanges came under fire from the FSA and must produce and submit a ‘Security Improvement Plan’ by March 22nd. The Agency stated:

"While not yet complete, the FSA inspections have apparently found enough issues with customer protections and anti-money-laundering measures that the agency fears another Coincheck-style hack."

Read more here

US Regulators Working Together to Combat Crypto Fraud

According to J. Christopher Giancarlo, Commodity Futures Trading Commision (CFTC) Chairman, US regulators have begun to coordinate with their abroad counterparts to combat cryptocurrency fraud. Giancarlo revealed this international effort during a U.S. House of Representatives committee hearing on the CFTC’s budget for the fiscal year 2019, adding that officials in the Treasury Department and Securities and Exchange Commission (SEC) were also involved in the collaboration. One excerpt from the statement reads:

"The CFTC has been in close communication with the SEC with respect to policy and jurisdictional considerations, and in connection with our recent enforcement cases” 

Read more here

Binance CEO: All Irregular Trades Reversed, Hackers Lost Coins

On March 7th between 14:58 and 14:59 “abnormal trading activity” was detected on one of the Hugely popular Binance exchange’s marketplaces. The automatic risk management system was triggered, and all withdrawals were immediately halted. In conformity with Changpeng Zhao, Binance CEO said that all fraudulent trades that occurred on Wednesday have been reversed. A post on Twitter reads:

"Binance has reversed all irregular trades. All deposit, trading and withdrawal are resumed. will write a more detailed account of what happened shortly. Interestingly, the hackers lost coins during this attempt. We will donate this to Binance Charity."

Read more here

CoinSwitch: Exchange Cryptocurrency at the Best Rate

CoinSwitch.co is an easy-to-use cryptocurrency exchange aggregator (one place to access multiple available exchanges) with many leading markets across the globe, such as Changelly, Shapeshift, EverCoin, Blocktrades, Bittrex, Cryptopia, and others. CoinSwitch provides real-time exchange rates to customers. Currently, CoinSwitch supports over 250 cryptocurrencies and more than 6000 pairs to exchange. With just a few clicks users can organize and access most of the popular exchanges.

Read more here

Multiversum delivering 4th Generation Blockchain – A Relational Crypto Database

Multiversum, a new innovative blockchain technology platform, has created a fourth generation blockchain. Instead of creating a single blockchain, Multiversum has created a Crypto Relational Database that forms chains of data that are flexible to meet the needs of complex corporate and industrial environments. Multiversum Visioner and Founder, Andrea Taini, stated:

“Blockchain is transformation in its technology. However, it is also limited in its application for complex corporate environments. We have taken the best of blockchain, addressed the commercial failings and generated a powerful, innovative solution with industry strength attributes.”

Multiversum can offer faster and more scalable solutions. It seeks to be more competitive by generating more flexible solutions to meet corporate needs in which complex data structures need to be organized in tables (as in relational databases). At the same time, those structures need to be validated and made immutable with blockchain-based techniques such as increasing traceability and security. The Multiversum platform applies blockchain functionality, without the legacy technical issues, to primary management of databases, application decentralization, auditing, security and reliability.

The Multiversum Pre ICO will run from the 1st of March until the end of the month, with the main ICO starting on April 4thFor more information, please visit the WebsiteInternational Telegram GroupFacebookInstagramLinkedinBitcoinTalkReddit and Twitter.

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

Press Release

State of the Crypto

Bitcoin is down 12.39% at $8,736.050 with a volume of Ƀ209.6k - $1936.8M on the USD pairs.

Ether is up 1.45% against Bitcoin at Ƀ0.07709 per Ether and down 11.03% against the dollar to $674.26 with average volume Ƀ39.1k on the ETH/BTC pair.

Bitcoin Cash is up 1.18% to Ƀ0.1111 with volumes of Ƀ15.3k and down 10.95% against the dollar at $975.85.

Ripple is up 1.39% to Ƀ0.0000878 with volumes of Ƀ7.7k and down 11.48% against the dollar at $0.7652.

Zcash is down 3.05% for the day to Ƀ0.03332 per ZEC and down 14.11% against the dollar to $296.06 with an average volume of Ƀ2.4k for the 24 hour period.

Litecoin is down 10.71% against the dollar for the day at $165.56 and up 2.05% to Ƀ0.01892 on volumes of Ƀ14.8k.

Dash is down 1.52% at Ƀ0.05195 with Ƀ6.4k volume and down 13.08% against the dollar at $461.62.

Iota is down 3.45% to Ƀ0.0001457 on Ƀ1.2k volume.

Ether Classic is up 2.5% to Ƀ0.002421 with volumes of Ƀ10.9k and down 10.41% against the dollar at $21.08.

Monero is down 19.28% against the dollar at $255.81 and down 7.97% against Bitcoin at Ƀ0.02923 on volumes of Ƀ6.3k.

Neo is down 3.29% for the day to Ƀ0.009647 per NEO and down 15.19% against the dollar to $84.17 with an average volume of Ƀ3.5k for the 24 hour period.

Waves is down 5.53% to Ƀ0.0006134 on Ƀ2.6k volume.

Stratis is down 8.81% to Ƀ0.00059 on Ƀ615.043 volume.

Cardano is down 5.62% to Ƀ0.00002218 on Ƀ4.2k volume.

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