Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,480.92 yesterday at 5 pm (GMT) and has since dropped by 0.16%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $4,567 representing a loss of 1.56% in the last 24 hours. More than $520 M worth of BTC were exchanged in the BTC/USD market representing a 24.66% share of the global daily volume. The BTC/JPY pair represents a 9.75% share.

The Ethereum price has dropped 1.56% over the past 24 hours and is currently sitting at $135, with over $150 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 13.43% market share of the daily trading volume.

For a detailed market analysis click here

Auditor Says The Circle’s Dollar-Tied Stablecoin is Fully Backed

Circle Internet Financial had just under $127.5 million backing the dollar-pegged USD Coin at the end of last month, enough to redeem every token at the time, according to Grant Thornton LLP, the U.S. branch of Grant Thornton International. While not a full audit, the report confirmed information provided by Circle chief financial officer Naeem Ishaq about the funds backing up the stablecoin now jointly issued by Circle and Coinbase through the CENTRE Consortium. The report went on to explain that:

“In making an assessment of the risks of material misstatement, we considered and obtained an understanding of internal control relevant to the preparation of, and the Reserve Account Information in, the accompanying Reserve Account Report in order to design procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of such internal control.”

Read more here

Four ICOs Hit with Cease-and-Desists by Colorado Securities Regulator

The Colorado Division of Securities has issued another batch of cease-and-desist orders against allegedly fraudulent Initial Coin Offerings (ICOs). The watchdog announced on Tuesday that the U.S. state’s securities commissioner, Gerald Rome, has signed four new orders against Global Pay Net, Credits LLC, CrowdShare Mining and CyberSmart Coin Invest. Rome stated:

“The sheer number of orders entered against ICOs should be a red flag to all investors that there is a real risk that the ICO you are considering is a fraud. Our investigations show that there are fraudsters who will simply create a fake ICO to steal investors’ money, or spoof a legitimate ICO to trick investors into wrongfully paying them.”

Read more here

NBA Legend Kobe Bryant to Speak at Tron’s Crypto Conference

NBA legend Kobe Bryant has been confirmed for a high profile speaking slot at niTROn 2019, the inaugural international crypto conference organised by Tron. Speaking to Forbes about adding Bryant’s participation to the summit, Justing Sun, Tron's Founder, said:

“Kobe Bryant is a basketball genius. I have been a huge fan of Kobe and deeply inspired by his journey. It’s my great honor to have Kobe as our special guest for the niTROn Summit. It’s worth mentioning that Kobe Bryant is not only a basketball genius, but also an investment genius. We look forward to hearing his great speeches at the summit.”

Read more here

Decoin.io: Launching a regulated exchange to be sharing revenues with the users

Decoin, developing a regulated trading and exchange platform that offers redistributed revenues to coin holders. 10%-20% of the exchange fees revenues will be paid back to all coin holders! On top of that, Decoin is a private blockchain network, based on Proof-of-Stake algorithm which generates 6.2% annual reward mechanism for all stakeholders.  Decoin will offer a unique and new solution for credit cards to liquidize the crypto funds, as well as securing 97% of the coins in cold offline storage to ensure Maximum security to all coin stakeholders.  

Having raised almost $6,000,000, Decoin is preparing to the commercial launch of the DTEP exchange and trading platform which is expected to launch alongside receiving a Singaporean RMO license.

Decoin is offering a 15% bonus as part of their ICO. to get your bonus go to the site, sign up to open an account and buy Decoin.

To read Cryptocompare’s announcement of Decoin  – click here

To visit Decoin website, read the whitepaper and learn more about the project – click here

Recently Added:

2ACoin added to the Coin list

Kimera Wallet added to the Wallet list