Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 5,564.19 with a loss of 4.98% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $7,117 representing a loss of 1.86% in the last 24 hours. More than $400 M worth of BTC were exchanged in the BTC/USD market representing a 18% share of the global daily volume. The BTC/JPY pair represents a 57% share.

The Ethereum price has dropped 2.57% over the past 24 hours and is currently sitting at $519, with over $200 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 29.3% market share of the daily trading volume.

For a detailed market analysis click here

Poloniex Responds to Frozen Accounts Complaints

Last week, cryptocurrency exchange Poloniex received many complaints by its clients about their legacy accounts being frozen for not being verified on the exchange. Yesterday, the exchange answered to its clients saying that the issue was being caused by recent updates on the onboarding and identity verification processes, assuring that the users' funds remain safe. On an official Twitter post, the company stated:

"Some of you have raised questions about recent updates to our onboarding and identity verification processes. Rest assured your funds are safe, and please see our product update with more detail on next steps"

Read more here

Korea’s Biggest Cryptocurrency Exchange Bans Trading in 11 Countries

Yesterday, Korean cryptocurrency exchange Bithumb has banned trading activities in 11 countries (including North Korea, Iran and Iraq) that don't comply with global anti-money laundering norms. With this said, all transaction of residents in jurisdictions belonging to the Non-Cooperative Countries and Territories blacklist are blocked, while new users from those jurisdictions are also no longer accepted.

"We Bithumb plan to protect customer assets and continue to build the institutional customers Know your Customer (KYC) and anti-money laundering system, pursuant to international standards for transparency of financial transactions."

Read more here

Shipping Giant Maersk Deploys First Blockchain-based Marine Insurance

Shipping company Maersk has deployed the first blockchain platform for marine insurance named Insurwave, a joint venture between Guardtime, a software security provider, and Ernst & Young, an accounting firm. The company's Head of Risk and Insurance, Lars Henneberg, said that moving to the blockchain has helped to automate manual processes and reduce inefficiencies for the company.

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.

NEM Foundation, Tutellus, and Cryptonomos join forces to transform global Education

Tutellus, the decentralized platform that pays users for learning, will use the NEM blockchain to revolutionize education incentives and transform the way that students and teachers access, provide, and engage with learning.

The cooperation between Tutellus, Cryptonomos, and the NEM Foundation was made at the leading blockchain conference, Consensus 2018, in New York City. The Tutellus platform has thus far been used by over a million students. By shifting their business to a token driven ecosystem on the NEM blockchain, Tutellus aims to change the incentive structure of education, which has traditionally focused on long-term rewards and minimal short-term incentive, with the efforts of students generally taking years to bear fruit. On the Tutellus blockchain, teachers and students will earn tokens immediately for accomplishing course related goals and achievements.

Tutellus will transition on to the NEM blockchain with the help of leading ICO platform Cryptonomos, who will accept NEM tokens (and other cryptos) in exchange for the TUT token. Tutellus started the preSales just 2 weeks ago and they are really changing the EdTech industry with their incentives model.

Watch the video here

AMO Labs - Whitelist Now for the Blockchain Car Data Marketplace

AMO Labs, the blockchain platform that aims to create a decentralized car data marketplace, has opened their whitelist period for the pre-sale, which starts on the 7th of June!

The company has been founded by the AutoCrypt, a security solution for connected cars, autonomous vehicles, and smart cars, launched in 2015. Since its birth, the company has been implemented in various projects surrounding C-ITS, connected car technology, test cities for autonomous cars, and is now the centrepiece of technology in the Korean car security industry.

The project aims to leverage the blockchain technology to create and operate the AMO market where car market data could be shared and exchanged, giving the control back into the hands of data producers. The platform will allow users to turn their cars into public assets and help create better products, services and experience by tracking the users' driving habits and infotainment preferences while the AutoCrypt® provides comprehensive security technology to create more convenient and secure cars.

AMO Labs Features:

• AutoCrypt - Car Data Solution
• AuthentiCA - IoT Authentication Solution
• CryptoWallet - Blockchain Security Solution

To learn more visit their website