Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 7,350.12 with a gain of 8.42% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $8,386 representing a loss of 0.78% in the last 24 hours. More than $600 M worth of BTC were exchanged in the BTC/USD market representing a 18.85% share of the global daily volume. The BTC/JPY pair represents a 54.9% share.

The Ethereum price has risen 2.78% over the past 24 hours and is currently sitting at $702, with over $350 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 27.4% market share of the daily trading volume.

For a detailed market analysis click here

Ethereum Futures Go Live on UK Trading Platform

Last Friday, U.K startup Crypto Facilities announced its launching Ethereum futures contracts. The company claims that Ethereum futures will be traded on a regulated platform and investors will be able to broaden investment opportunities and manage risks more effectively. Crypto Facilities Chief Executive, Timo Shlaefer stated:

"We are excited to be launching ETH futures. The ethereum network is the pre-eminent blockchain for smart contracts, and we believe this new trading instrument will attract more investors and bring greater liquidity to the marketplace."

Read more here

HSBC Holdings Completes First Blockchain Trade Deal

HSBC Holdings Plc completed a transaction using blockchain which it said shows the technology is commercially viable for trade finance. According to the company, the transaction was an end-to-end trade between a buyer and a seller and their respective banks that was completed on one shared digital application rather than multiple systems. HSBC’s Global Head of Innovation Vivek Ramachandran stated:

"This is an inflection point for how trade is conducted. With blockchain, the need for paper reconciliation is removed because all parties are linked on the platform and updates are instantaneous."

Read more here

BitGo Courts Wall Street With New Bitcoin Custody Products

Yesterday, U.S.A startup BitGo has unveiled a new suite of custodial services for cryptocurrencies aimed at customers and institutional investors. BitGo Head of Product Tracy Olson indicated that the launch of the new service is framing the company as a full spectrum provider of security solutions. Olson stated:

"We're definitely seeing a lot of bigger names interested in digital currencies. But there are other customers like smaller hedge funds, they just don't want to have to hold custody themselves. They're looking to have the security and compliance and storage solutions that they can outsource to, and that's what BitGo is really delivering."

Read more here

Game Stars Pre-Sale Stage Had a Complete Sold-Out. Join the Limited Token Sale!

Pre-sale stage of the gaming platform Game Stars had a great success. All tokens were sold out, more than 51 ETH and 57 BTC were raised. GST tokens are already in demand and the 1st round of the Token Sale has started on May 10th. Participants have a chance to get up to 30% bonus.

The emission of tokens is limited to 500 million. All emitted tokens will be available for purchase at Game Stars website. After the end of the Token Sale, unsold tokens will be burnt. It means that not everyone willing to buy GST will be able to get one.

Game Stars Token value will soar to a new record due to 2 reasons:

1. The platform solves existing eSport problems and will be in demand of the market participants.
2. GST emission is limited and will not be enough for everyone willing to buy them

The platform provides smart solutions for all users:

• Cyber athletes raise funding  for their professional development and participate in multiple tournaments;
• Sponsors support the best cyber sportsmen and get a share of their income;
• Brands choose a player, a team or an event that fits the best for promoting their products;
• Everyone can benefit from GST token increase in value.

Visit Game Stars official website, participate in Token Sale and become a GST monopolist! Subscribe to the accounts on Facebook, Telegram, and Telegram chat to get the latest news.

Americas Cardroom Becoming Major Attraction for Embracers of Cryptocurrency

Americas Cardroom has fast become the No. 1 destination for people who have embraced cryptocurrency. The US-facing online poker room has accepted Bitcoin for several years, and last year they expanded their deposit and withdrawal options to include over 60 of the top cryptocurrencies.

Today, players from all corners of the globe are creating their account on a Mac or PC (mobile account creation isn’t available quite yet), and then hitting the felt on any device they want including iOS and Android.

And now depositing with cryptocurrency takes you even further thanks to our partnership with Americas Cardroom.

When you create your account and enter bonus code CRYPTOCOMPARE on the first screen, you’ll qualify for a 3-part Welcome Package as follows:

• 100% Bonus on your first deposit, up to $1,000. It’s added to your account as a bonus and is converted to cash at a rate of $1 for every 27.5 Award Points earned.
• 20 Days of free cash, up to $50. Log in each day for daily bonuses ranging from $2 to $6.
• Access to all remaining $250 New Depositor Freerolls of the calendar month (maximum of four).

To get started, simply go to the Americas Cardroom website and download the client, which is available for PCs and Macs. As soon as you’re up and running, you can grab your smartphone or tablet and hit the felt without having to download any dedicated poker app.