Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,078.57 yesterday at 5 pm (GMT) and has since dropped 0.34%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,706 representing a loss of 6.88% in the last 24 hours. More than $710 M  worth of BTC were exchanged in the BTC/USD market representing a 26% share of the global daily volume. The BTC/JPY pair represents a 7% share.

The Ethereum price has dropped 8.2% over the past 24 hours and is currently sitting at $105, with over $160 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 16% market share of the daily trading volume.

See live charts here and here

Binance Creates Combined Stablecoin Market

Binance has announced that it is creating a new unified stablecoin market. The company hasn't released full details on this new market but it is known that USDT will be part of it, as it is the first token on the exchange to see a change related to it. USDT will now be listed on Binance as USDⓈ. The team stated:

“Binance has renamed the USDT Market (USDT) to now be a combined Stablecoin Market (USDⓈ). This is to support more trading pairs with different stablecoins offered as a base pair. […] Please note that USDⓈ is not a new stablecoin: it is the symbol of Binance’s new stablecoin market.”

Read more here

Hong Kong’s Terminal Operator Adopts Blockchain

Modern Terminals, the second largest container terminal operator in Hong Kong, has joined the TradeLens project, a blockchain-enabled technological solution developed by Maersk and IBM. Modern Terminals stated:

"Modern Terminals Limited today announced its participation as a Network Member in TradeLens […] TradeLens seeks to digitize and streamline processes in the global supply chain to deliver higher efficiency and lower cost. The objective of Modern Terminals’ participation as a Network Member is to evaluate the performance of TradeLens and to offer suggestions on where the technology can improve."

Read more here

Coincheck Resumes Trading in XRP and FCT

Yesterday, the Japanese financial services company Monex Group, the owner of the Japanese crypto exchange Coincheck, announced that the exchange had now resumed trading of XRP and FCT. Monex's press release explained how the company hoped to help Coincheck: 

"We aim to build a secured business environment for customers by fully backing up Coincheck's enhancement process. Specifically, we will maximize the use of our expertise and human resources of business administration, system risk management, and customer asset protection system that we have cultivated since the establishment in the online securities industry. We will support Coincheck to provide secure environment to customers and to grow sustainably as a socially valuable cryptocurrency exchanger."

Read more here

Amun ETP coming to the MJAC Blockchain Summit

We are pleased to announce that the company behind the Amun ETP - the world’s first crypto index ETP listed on a regulated stock exchange – is appearing at MJAC on November 30^th.

Hany Rashwan will present: The Blockchain Technology Behind The World’s First Listed Crypto Index.

Other companies also participating include: Coinbase, Coinfloor, Circle, CEDEX, Cumberland, NKB Group, BlockEx, 11:FS, Global Digital Finance, Atlas Neue, Ripple, Lendingblock, eToro, PowerSnooker, Melonport, Elation Capital, CoinShares, Cambrial, DLA Piper, Liquid by Quoine and more....

For tickets and a 30% discount Click Here - http://bit.ly/2Rgnr7G
Or use discount code CC30 on the website.

Hope to see this Friday.

The CryptoCompare Team

MBAex partnership amplifies global access to Kinesis Money

MBAex, the largest blockchain assets trading platform in Southeast Asia with over 1.3 million users, has announced a Memorandum of Understanding (MOU) with Kinesis Money. The partnership is in line with MBAex’s vision to promote the use of blockchain assets that are safe and stable in value.

Kinesis Money is an evolutionary monetary system that uses real assets (gold and silver) as the basis for digital currencies. These currencies provide a 1:1 allocation of physical bullion, and the transaction fees accumulated whenever the currencies are sent, spent or traded are proportionately redistributed to Kinesis currency and token holders, incentivising use.  

Holders of the Kinesis Velocity Tokens (KVT), currently being offered in an Initial Token Offering, receive the highest share, being 20 percent of the proportionate share of these fees.

MBAex are torchbearers for good governance within the industry, being fully compliant with anti-money laundering laws. Additionally, by integrating best practice from the banking industry, MBAex applies a variety of measures to ensure security. This includes industry principles including two-factor authentication, cool stockpiling and tracking to ensure end-to-end security in transactions. By listing the Kinesis digital currencies on their exchange, MBAex will engage participants looking for options which are both stable and secure.

MBAex also combines the concept of forex brokerage with blockchain asset trading; a powerful combination to encourage a rise in transaction and trading volumes of Kinesis digital currencies. This will allow Kinesis Money to cement its place in Southeast Asia and build on this solid foundation for enhanced global access.

More information available at kinesis.money.