Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 5,975.47 with a loss of 0.79% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $7,421 representing a loss of 1.9% in the last 24 hours. More than $750 M worth of BTC were exchanged in the BTC/USD market representing a 21.5% share of the global daily volume. The BTC/JPY pair represents a 56.9% share.

The Ethereum price has risen 0.02% over the past 24 hours and is currently sitting at $590, with over $400 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 36.6% market share of the daily trading volume.

For detailed market analysis click here

Monero Unveils Tari - A Second-Layer Protocol

Last Wednesday, Monero has introduced a brand new second-layer protocol that is being developed, called Tari. Tari is an open-source project that will reportedly allow developers to program and issue non-fungible assets and concert tickets over the blockchain and allow users to decide on the level of privacy that they desire for their transactions as well. Project co-founder Naveen Jain stated:

"Tari will fundamentally change the way we interact with digital assets. We are building an amazing team to steward the most useful decentralized platform in existence, empowering anyone to issue, manage, use and transfer their digital assets.”

Read more here

IOTA & United Nations Agency Partner for Blockchain Transparency

United Nations Agency Partner (UNOPS) and the cryptocurrency startup IOTA have announced a partnership that aims to help UNOPS benefit from IOTA's blockchain and Tangle technologies to improve processes and eliminate the need of middle-men. Yoshiyuki Yamamoto, UNOPS Special Advisor on Blockchain Technology, said: 

“We share a vision where machines, devices, sensors and people connect and communicate to each other — it’s the world of ‘Industry 4.0.’ Harnessing technology that allows for these processes to work simultaneously, without the need for intermediaries, will help expedite our mission as an organization.”

Read more here

Uphold Completes Ripple Ledger Integration

Yesterday, mobile payments startup Uphold stated it had completed integrating the Ripple ledger to its platform. With this enhancement, Uphold clients can now deposit, withdraw and send Ripple through the app. The Uphold Chief Revenue Officer, Robin O'Connell stated:

"Expanding our offering to include full connectivity to the XRP ledger was the clear next step. This space is becoming crowded with new wallets popping up, offering access to cryptos, but, if you read the fine print, they're not selling the actual cryptocurrency and arguably having a negative impact on the market."

Read more here

Join us at the MJAC Blockchain Summit on 13th June

Here are the top reasons to attend one of the biggest blockchain events in London:

· Over 50 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, VanEck and many more.

· Expert speakers: The lineup will include notable speakers such as Chris Burniske - co-founder of Placeholder Ventures, Coinbase UK CEO Zeeshan Feroz, Ruth Wandhöfer - Managing Director at Citi and CryptoCompare co-founder and CTO Vlad Cealicu.

· Exclusive discount

Get your ticket by the end of May here and enjoy a 40% discount by using the CRYPTOCOMPARE promo code, plus a free copy of Chris Burniske’s book.

LEDU Tokens Are Secure and Unrelated to Hacked EDU Tokens

News of a security breach of the EDU token broke yesterday in Asia, resulting in the Huobi exchange halting all deposits and withdrawals of that token. Following that news, Education Ecosystem announced to their community that their LEDU token is safe and completely unrelated to the hacked EDU token. In the past there had been some confusion given the similarity in the token symbol names, which is why they took preemptive action and changed their token symbol to LEDU.

You can read more about this here.

Energi Token: Open an OKEX account and deposit 1 ETH and receive bonus ETK!

Following on from the successful launch of their rewards app, Energi Token are asking their community to open an OKEX account and deposit 1 ETH in order to receive some bonus ETK! Energi Token, a Manchester based blockchain startup which successfully raised their hard cap in February, has announced some high profile partnerships in recent months, including FuzeX and Network Rail. Energi Token aims to reduce global energy consumption by rewarding people for engaging in energy saving behavior.

The first 3000 people to sign up to OKEX, using this link http://www.okex.com/?channelId=88013 will receive Energi Tokens, with the first 1000 people each receiving 3000 ETK, the next 1000 people receiving 2000 ETK and the final 1000 people receiving 1000 ETK. As well as this, everyone signing up will be entered into a prize draw to win $20,000 worth of ETH. 

Read more here