Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 7,340.48 with a loss of 0.13% 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 gain of 4.15% in the last 24 hours. More than $750 M worth of BTC were exchanged in the BTC/USD market representing a 39.35% share of the global daily volume. The BTC/JPY pair represents a 14% share.

The Ethereum price has risen 4.22% over the past 24 hours and is currently sitting at $732, with over $350 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 30.5% market share of the daily trading volume.

For a detailed market analysis click here

Ripple Launches Venture Capital Fund ‘Xpring’

Ripple has announced a new project called "Xpring" to provide financial backing to companies that develop products and services for Ripple (XRP). With this new project Ripple plans to invest and provide grants to companies that make use of their cryptocurrency and the XRP ledger. Ripple's team stated:

"As a major contributor to the XRP Ledger codebase and large holder of XRP, we often hear from entrepreneurs and developers that they’d like support in one form or another to help them with their XRP-related projects. As one of the few blockchain companies with traction for a non-speculative use case, we feel we’re uniquely positioned to support entrepreneurs in a meaningful way.”

Read more here

CME Group Paves Way for Ethereum Futures with New Pricing Index

Yesterday, the Chicago Mercantile Exchange (CME Group) announced that it has partnered with the UK startup Crypto Facilities to create an Ether Reference Rate and Ether Real-Time Index. According to an official CME group announcement, the new feature will provide a standardized reference rate and spot price index. The CME Group's Managing Director, Tim McCourt said:

"The Ether Reference Rate and Real-Time Index are designed to meet the evolving needs of this marketplace. Providing price transparency and a credible price reference source is a key development for users of Ethereum.”

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Deloitte Veterans Are Launching a Tokenized Blockchain

Yesterday, former members of Deloitte's blockchain team have announced that they are joining the startup Citizens Reserve to produce a tokenized blockchain protocol for the supply chain system. In accordance with former Delloite's global blockchain leader, Eric Piscini, the protocol will be built on top of existing blockchains like Quorum and Ethereum to create a technology that can match orders and track provenance on a supply chain that operates on a consortium model.

Read more here

CryptoCompare - MJAC: London Blockchain Summit

CryptoCompare has teamed up with ADVFN and MJAC Disruptive Investment Conferences to create one of the biggest blockchain events to take place in the UK.

With over fifty leading companies exhibiting at the show, the one-day event will feature presentations and panels from major forces in the industry such as Ripple, Coinbase, Citi, BlockEx, Coinfloor and VanEck and will be followed by an after-show networking event.

Our users get an exclusive 40% discount by using the CRYPTOCOMPARE promo code at the checkout.

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Bettium - Big Data at Work for You

Bettium is a blockchain analytical platform for P2P betting with a heavy focus on e-sports powered by AI and Big Data. The platform will use the Blockchain technology to solve the problems that plague the betting industry - such as lack of transparency, low transaction speed, limits on withdrawal and bet amounts, high fees (up to 7-10%), risk of non-payment and fraudulent behaviour and many other problems that hinder the development of betting industry.

Bettium will solve these problems and introduce a safe and reliable platform for P2P betting, where all users will have access to professional-grade analytical tools and built-in AI Assistant, algorithmic betting and a plethora of social features - bet copying, trust account management, forecast subscriptions.

The platform will focus heavily on e-sports and promote the betting platform in conjunction with a series of sponsored e-sports events and tournaments to celebrate the launch of the platform.

Private round and Whitelisting: June 1 - June 30, 2018

Token sale is scheduled for July 2018

Do not miss the opportunity to contribute with the highest bonus available - register on Bettium website and get whitelisted.