Market Analysis Report

21 May 2018

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 7,033.58 with a gain of 3.51% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $8,496.190 representing a gain of 2.94% in the last 24 hours. More than $400 M worth of BTC were exchanged in the BTC/USD market representing a 18.9% share of the global daily volume. The BTC/JPY pair represents a 55% share.

The Ethereum price has risen 1.21% over the past 24 hours and is currently sitting at $712.62, with over $150 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 21.4% market share of the daily trading volume.

For a detailed market analysis click here

Nokia Is Partnering with a Crypto Startup to Build an IoT Network

According to an official blog post, Nokia has announced a partnership with Streamr, a cryptocurrency startup that tokenizes data collected by Internet-connected devices. Nokia aims to build a project that collects Internet of Things (IoT) data and integrate it with the Streamr Data Marketplace allowing users to monetize it. Harry Kuosa, Nokia's 5G Marketing representative, stated:

"Nokia community hosted networks can now collect IoT data and integrate it with the Streamr Data Marketplace. This capability allows users to publish their data and sell it — either as individual users or as participants in IoT Data Community Projects."

Read more here

Santander Conducts Proxy Voting Blockchain Pilot at AGM

Banco Santander has completed a blockchain pilot to improve the process of proxy voting during annual general meetings (AGMs). According to an official blog post, this blockchain-based solution aims to improve the transparency in the global proxy voting system, while also increasing security, efficiency, and analytics. Sergio Gamez, Global Head of Shareholders and Investor Relations at Santander, said:

"It is very important to ensure the participation by investors and shareholders, and this year using blockchain technology for the institutional vote has been a great help in terms of transparency and agility across the vote life cycle."

Read more here

Coincheck to Delist Privacy Coins Monero, Zcash, and Dash

Cryptocurrency exchange Coincheck will delist trading pairs for Monero (XMR), Zcash (ZEC), and Dash (DASH). The reason behind this decision is related to the less traceable transactions of these privacy-centric cryptocurrencies, which don't comply with the Anti-money laundering regulations (AML).

Read more here

Verasity Token Sale Goes Live Today

Verasity, the next generation video-sharing platform enhanced with blockchain technology starts its Token Sale today (at 3 PM UTC).

At the time of writing almost $40m has been pledged to Verasity’s Token Sale from over 15,000 people worldwide. The Verasity Token Sale has attracted global interest, with over 300,000 people joining their community including over 42,000 people currently following Verasity on Telegram.

The rate for 1 VERA cryptocurrency price starts at $0.0075 = 1 VRA today and will increase 1% per day during the token sale.

Chris Gale, co-Founder of Verasity said “It’s exciting to finally get to this point and start the Token Sale. Huge thank you to everyone who has joined us to this point. This is just the start of the Verasity journey with lots of new blockchain developments and partnerships to be announced soon.”

Participants should complete KYC and purchase VERA here.

Press Release

State of the Crypto

Bitcoin is up 2.94% at $8,496.190 with a volume of Ƀ50.5k - $428.5M on the USD pairs.

Ether is down 1.5% against Bitcoin at Ƀ0.08416 per Ether and up 1.21% against the dollar to $712.62 with average volume Ƀ33.8k on the ETH/BTC pair.

Bitcoin Cash is up 0.74% to Ƀ0.1498 with volumes of Ƀ21.8k and up 3.83% against the dollar at $1270.58.

Ripple is down 0.76% to Ƀ0.00008176 with volumes of Ƀ8.0k and up 2.02% against the dollar at $0.6932.

Zcash is down 3.99% for the day to Ƀ0.0404 per ZEC and down 1.23% against the dollar to $342.71 with an average volume of Ƀ5.2k for the 24 hour period.

Litecoin is up 2.12% against the dollar for the day at $138.08 and down 0.85% to Ƀ0.01628 on volumes of Ƀ11.0k.

Dash is up 0.66% at Ƀ0.04717 with Ƀ5.1k volume and up 3.69% against the dollar at $400.17.

Iota is down 0.51% to Ƀ0.0002126 on Ƀ1.6k volume.

Ether Classic is down 0.7% to Ƀ0.002129 with volumes of Ƀ5.6k and up 2.26% against the dollar at $18.09.

Monero is up 1.96% against the dollar at $201.08 and down 1.25% against Bitcoin at Ƀ0.02367 on volumes of Ƀ2.9k.

Neo is up 3.98% for the day to Ƀ0.007572 per NEO and up 6.96% against the dollar to $64.23 with an average volume of Ƀ3.7k for the 24 hour period.

Waves is down 2.24% to Ƀ0.000703 on Ƀ2.9k volume.

Stratis is down 0.14% to Ƀ0.0006939 on Ƀ664.114 volume.

Cardano is up 3.35% to Ƀ0.00003022 on Ƀ5.6k volume.

NEM is up 0.18% to Ƀ0.00003794 on Ƀ635.521 volume.

EOS is up 0.93% to Ƀ0.001636 on Ƀ27.2k volume.

Tron is up 10.47% to Ƀ0.0000095 on Ƀ27.9k volume.

Stellar is down 0.16% to Ƀ0.0000384 on Ƀ1.2k volume.

Market risers
1 PHR* +129.41%
2 XMG +68.22%
3 BCY +59.59%
4 CTXC +57.69%
5 SOC +51.26%
Market losers
1 FIL36 -11.36%
2 LYL -10.53%
3 SRCOIN -10.34%
4 DEC -8.70%
5 MYR -8.57%
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