Market Analysis Report

13 November 2018

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 3,535.24 yesterday at 5 pm (GMT) and has since increased 1.49%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,343 representing a loss of 0.85% in the last 24 hours. More than $200 M worth of BTC were exchanged in the BTC/USD market representing a 16.3% share of the global daily volume. The BTC/JPY pair represents an 8.1% share.

The Ethereum price has dropped 0.88% over the past 24 hours and is currently sitting at $207, with over $45 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has an 8.8% market share of the daily trading volume.

For a detailed market analysis click here

Accenture Launches New DLT-based Application to Manage Software Licenses

Yesterday, multinational professional services firm Accenture announced that it has conducted its first Distributed Ledger Technology (DLT) based transactions. According to the official press release, the company has developed an application which utilizes blockchain technology to provide enhanced enterprise software asset management capabilities and a proprietary smart contract language called DAML to model and enforce software license events throughout their lifecycle, from origination to purchase. Accenture Operations blockchain lead, Melanie Cutlan, explained:

"The power of DLT will simplify the traceability of these licenses, and, therefore, the auditing function so all can see where each license is assigned. This has the potential to save organizations millions of dollars per year in the management of their software license portfolios.”

Read more here

Australia’s CSIRO, CommBank Complete ‘Smart Money’ Blockchain Trial

Recently, the Commonwealth Scientific and Industrial Research Organization’s (CSIRO) Data61 division and the Commonwealth Bank of Australia (CommBank) announced a blockchain-based “programmable money” app, called "Making Money Smart", featuring smart contract technology that could improve the management of insurance payouts and budgeting. According to the announcement, the app was tested by 10 members of the country’s National Disability Insurance Scheme (NDIS) and leading participants cut administration costs and remove paperwork. Australia's CSIRO stated:

"This could include more directly connecting citizens to public policy programs, empowering people to optimise their spending through things like smart savings plans and smart diets, and reducing costs for businesses, including through the potential for self-taxing transactions."

Read more here

Singapore’s Central Bank, SGX Develop Blockchain Settlement System

Last Sunday, Singapore's Ministry of Communications and Information announced a settlement system for tokenized assets, developed by the Monetary Authority of Singapore (MAS) and the country’s stock exchange, Singapore Exchange (SGX). The newly completed delivery versus payment (DvP) system utilizes smart contracts to simplify post-trade processes and shorten the settlement cycle, as explained by the project chairman and SGX’s head of technology, Tinku Gupta:

"Based on the unique methodology SGX developed to enable real-world interoperability of platforms, as well as the simultaneous exchange of digital tokens and securities, we have applied for our first-ever technology patent.”

Read more here

MJAC Conference

Dear users, it’s with great pleasure that we invite you to attend the MJAC blockchain conference.

Hosting the biggest and brightest blockchain leaders, the MJAC conference will be the perfect place to learn, network and discuss the future of the crypto industry.

The event counts with a long list of sponsors and media partners. You can count on a great variety of exhibitions booths and many prominent speakers. The list of speakers includes the founder of Atlas Neue and former CCO of Ethereum Stephan Tual, Circle’s European Legal & Business Director Claire Wells, Global CMO and EMEA Managing Director at Circle Marieke Flament, Ripple’s Head of European Regulatory Relations Dan Morgan, founder of Atlas Neue Cassius Kiani, Head of ICO Advisory at NKB Group Marina Titova, CEO and Co-founder of Coinfloor Ltd Obi Nwosu, and European Marketing Lead at Coinbase Joseph-Daniel Millwood, among many others.

The event will take place November 30th on Old Billingsgate, a historical event venue located in the heart of London.

Get your tickets here (use the CC30 discount code to get 30% off)

 

Recently Added:

DACH coin added to the Coin list

Press Release

State of the Crypto

Bitcoin is down 0.85% at $6,343.170 with a volume of Ƀ31.3k - $200.1M on the USD pairs.

Ether is down 0.88% against Bitcoin at Ƀ0.03266 per Ether and down 1.75% against the dollar to $207.1 with average volume Ƀ31.0k on the ETH/BTC pair.

Bitcoin Cash is down 2.62% to Ƀ0.07961 with volumes of Ƀ49.2k and down 3.03% against the dollar at $508.

Ripple is up 3.35% to Ƀ0.00008153 with volumes of Ƀ35.7k and up 2.75% against the dollar at $0.5199.

Zcash is up 6.53% for the day to Ƀ0.02073 per ZEC and up 6.28% against the dollar to $133.49 with an average volume of Ƀ8.1k for the 24 hour period.

Litecoin is down 0.2% against the dollar for the day at $50.35 and up 0.71% to Ƀ0.007938 on volumes of Ƀ10.9k.

Dash is up 0.43% at Ƀ0.02544 with Ƀ15.7k volume and down 0.05% against the dollar at $163.

Iota is up 1.23% to Ƀ0.00007722 on Ƀ783.625 volume.

Ether Classic is down 0.69% to Ƀ0.001429 with volumes of Ƀ9.4k and down 0.97% against the dollar at $9.16.

Monero is up 0.85% against the dollar at $106.75 and up 0.85% against Bitcoin at Ƀ0.01665 on volumes of Ƀ1.5k.

Neo is down 1.62% for the day to Ƀ0.002425 per NEO and down 1.82% against the dollar to $15.61 with an average volume of Ƀ12.8k for the 24 hour period.

Waves is up 0.48% to Ƀ0.0002713 on Ƀ710.035 volume.

Stratis is down 1.88% to Ƀ0.0002189 on Ƀ234.676 volume.

Cardano is up 0.25% to Ƀ0.00001181 on Ƀ1.1k volume.

NEM is up 8.47% to Ƀ0.00001857 on Ƀ5.5k volume.

EOS is down 0.55% to Ƀ0.0008392 on Ƀ17.4k volume.

Tron is down 0.28% to Ƀ0.00000351 on Ƀ2.0k volume.

Stellar is down 1.56% to Ƀ0.00004177 on Ƀ4.5k volume.

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