Market Analysis Report

23 March 2018

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 5,918 with a loss of 3.80% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $8,495 representing a loss of 3.52% in the last 24 hours. More than $1B worth of BTC were exchanged in the BTC/USD market representing a 21.9% share of the global daily volume. The BTC/JPY pair represents a 56.3% share.

The Ethereum price has dropped 5.44% over the past 24 hours and is currently sitting at $520, with over $250M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 34.65% market share of the daily trading volume.

For a more detailed market analysis click here

Binance Facing Warning From Japanese Regulator

The Financial Services Agency (FSA) is planning to warn Binance under the ‘Payment Services Act’ that it must stop operating in Japan without a license. According to a source from Bloomberg, Binance has several workers in Japan and has been expanding operations without seeking permission from the FSA and other necessary regulators. The exchange must secure permission from the FSA or a criminal complaint will be initiated, according to Bloomberg.

Read more here

South Korea: Financial Regulators To Investigate Banks Over Crypto AML Measures

In December 2017, the Financial Supervisory Commision (FSC) announced that it would ban anonymous cryptocurrency trading, however, Kim Dong-yeon, South Korean Finance Minister, publicly said that the government will not ban or "suppress" the cryptocurrency market. According to Yonhap news, South Korean financial regulators will investigate local banks over compliance with the anti-money laundering (AML) guidelines for operation with cryptocurrency exchanges. Furthermore, the Financial Intelligence Unit (KoFIU) and the FSC will start examining the corporate accounts of crypto exchanges in Korean banks next month.

Read more here

Coca-Cola, U.S. State Dept to use Blockchain to Combat Forced Labor

Last Friday, Coca-Cola Co (KO.N) and the U.S. State Department along with two other companies announced they are launching a project using blockchain technology to create a secure registry for workers that will help fight the use of forced labor worldwide. Brent Wilton, the U.S. beverage giant head of workplace rights said it has been exploring multiple blockchain projects for more than a year. The statement reads:

"We are partnering with the pilot of this project to further increase transparency and efficiency of the verification process related to labor policies within our supply chain.”

Read more here

CryptoCompare Apologies

We have recently received complaints about an ICO promoted on CryptoCompare, Denaro. Although we do our best to vet projects before listing and advertising them, some scammers employ fairly advanced techniques that may get through our screening processes.

After sending the Denaro sponsored email, we received complaints and additional information which led us to reject payments for additional promotions and stop working with them.

We will take this recent case into consideration and work on ways to tighten our screening process but please be aware that CryptoCompare does not vouch for any of the projects it advertises unless it specifically says so.

So basically we screwed up on this one but we'll do better next time, even though we try to excuse ourselves we should have better checks in place. We'll be a lot more careful but mistakes happen and we are slowly learning and unlike Google, Facebook and Twitter we won't throw away the baby with the bath water, we'll still offer crypto projects a voice through our channels.

Read more here

Chimaera: Gaming Platform Launches Much Anticipated Public Pre-sale

Chimaera is thrilled to announce the launch of their public presale. Coming hot off the heels of their private pre-sale, which raised an estimated $1.5 million USD, the Chimaera team is excited to hit the ground running with the start of their public pre-sale on March 23.

The Chimaera blockchain exists to manage increasingly complex game worlds, as well as securing and simplifying the ownership, sharing, and trading of virtual assets.  The Chimaera platform democratises game development and deployment, allowing developers to achieve their vision quickly and with significantly reduced costs. Chimaera provides a wealth of tools and a state-of-the-art infrastructure for game developers to build their own blockchain-based games. In addition, developers can fully leverage the Chimaera technology to issue their own game currency that can be traded for ‘CHI’ (the reserve currency and “fuel” in the Chimaera ecosystem) or other Chimaera game coins and assets.

The team is eager to build on the hype of their private and public pre-sale with the launch of their Airdrop Campaign. Don’t miss out on some free CHI before the pre-sale! In addition to the Airdrop Campaign, check out the Chimaera referral program, which provides participants with a five percent token return pending successful completion. The Chimaera founder, Andrew Colosimo, stated:

“This is just the beginning for Chimaera and we’re eager to see where we go in transforming the virtual gaming world. We are confident that Chimaera will continue to reshape gaming as we know it around the world.”

To learn more about the pre-sale visit the Chimaera website here, or get in touch through Telegram, Reddit, Facebook or Twitter.

Invacio: A Vision Built Around Distributed AI

Invacio is an artificial intelligence platform backed by five years of development. Invacio’s platform is called the Multi-Agent System AI (Jean). The team is working hard to solve some of the world's most complex problems using original distributed artificial intelligence systems.

Invacio’s AI works constantly to seek out and mine data from all available data sources. Jean is also able to understand written and spoken language in real-time, and she can also interpret images and actions. Jean can even scan the deep web for data, or access live news channels, social media, and 100,000+ live CCTV and satellite streams worldwide. The ultimate result of all of this data collection, according to the official Invacio website, is “an artificial intelligence so sensitive to the world and its changes. The solutions she is reaching stand to revolutionize areas as diverse as big data, communications, research, online privacy, the exchange markets and even security and intelligence.”

Invacio is currently undergoing an ICO (initial coin offering) in order to fund the rollout of various divisions. The coins sold during the sale will be directly connected to the use of Invacio's raft of products.

To learn more about Invacio visit their Website

Press Release

State of the Crypto

Bitcoin is down 3.52% at $8,495.420 with a volume of Ƀ122.6k - $1057.4M on the USD pairs.

Ether is down 1.55% against Bitcoin at Ƀ0.06143 per Ether and down 5.44% against the dollar to $520.6 with average volume Ƀ29.0k on the ETH/BTC pair.

Bitcoin Cash is down 0.09% to Ƀ0.1163 with volumes of Ƀ8.6k and down 3.55% against the dollar at $990.95.

Ripple is down 2.28% to Ƀ0.00007367 with volumes of Ƀ6.8k and down 5.9% against the dollar at $0.6255.

Zcash is down 4.01% for the day to Ƀ0.02755 per ZEC and down 7.13% against the dollar to $235.45 with an average volume of Ƀ1.6k for the 24 hour period.

Litecoin is down 4.44% against the dollar for the day at $159.76 and down 0.84% to Ƀ0.0188 on volumes of Ƀ10.4k.

Dash is down 2.4% at Ƀ0.04718 with Ƀ5.5k volume and down 7.65% against the dollar at $402.55.

Iota is down 0.79% to Ƀ0.0001498 on Ƀ1.7k volume.

Ether Classic is down 1.99% to Ƀ0.00217 with volumes of Ƀ4.7k and down 5.64% against the dollar at $18.42.

Monero is down 6.62% against the dollar at $202.52 and down 2.62% against Bitcoin at Ƀ0.02381 on volumes of Ƀ2.0k.

Neo is down 4.44% for the day to Ƀ0.007772 per NEO and down 7.96% against the dollar to $65.88 with an average volume of Ƀ4.2k for the 24 hour period.

Waves is down 1.02% to Ƀ0.0005423 on Ƀ2.1k volume.

Stratis is down 2.87% to Ƀ0.0005761 on Ƀ744.7 volume.

Cardano is down 2.57% to Ƀ0.00002197 on Ƀ4.5k volume.

NEM is down 3.7% to Ƀ0.00003256 on Ƀ1.3k volume.

EOS is down 0.13% to Ƀ0.0007674 on Ƀ10.2k volume.

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