Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 3,793 yesterday at 5 pm (GMT) and has since increased 1.95%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,616 representing a gain of 0.4% in the last 24 hours. More than $185 M worth of BTC were exchanged in the BTC/USD market representing a 16.18% share of the global daily volume. The BTC/JPY pair represents an 11.16% share.

The Ethereum price has dropped 1.25% over the past 24 hours and is currently sitting at $230, with over $120 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 15.25% market share of the daily trading volume.

For a detailed market analysis click here

Crypto Exchange Huobi Launches Its Own Social Media Platform, Huobi Chat

Last Wednesday, cryptocurrency exchange Huobi, launched the beta version of "Huobi Chat" its new social media platform. With this new platform, the company aims to create connections within the cryptocurrency community between investors, teams, consumers. However, at the moment, only invited users are able to test the platform. The company stated:

"Huobi Chat is a social networking platform in the blockchain era and an autonomous social network for the future...We are aiming to achieve free communication, secure transaction, fair incentivation, and industry-wide communication and interconnection in the digital asset society."

Read more here

StellarX: The First Free to Use Peer-to-Peer (P2P) Digital Asset Marketplace Interface Launched

StellarX, a digital asset marketplace gateway, will reportedly not charge any usage fees after recently completed its beta testing stage. All transactions on StellarX are “settled in seconds”, according to its official website; and the platform is expected to launch a “market maker rewards” program in the fall - which will pay out “100K XLM to the top market makers each week.”

StellarX has been developed by InterStellar - which is a commercial entity established through an acquisition of Chain, Inc. by the Stellar Development Foundation-associated Lightyear Corporation.

Read more here

India's Central Bank Denies 'Formal Creation' of Blockchain Unit

The RBI has denied the "formal creation" of a unit to research AI and blockchain technology. The clarification comes weeks after the central bank was rumored to have set up the supposed unit to "research and possibly draft rules" for the emerging technologies. In an article on the unit's supposed creation, the Economic Times had cited two anonymous sources who were "familiar with the central bank's plans".

However, Naimish Sanghvi, founder of Coin Crunch India, filed a Right To Information (RTI) request hoping to confirm the article's claim and gain more information about the department, such as who was heading the unit, and so on. Sanghvi received a response on Sept. 26, denying the claimed effort. The RBI said:

"There is no new unit created formally in RBI for the purpose (Blockchain, Crypto and AI) mentioned in RTI query".

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Tiberius: How Can Blockchain And Metals Fight Inflation?

Your access to the $34 trillion tech metals market is here! Tiberius coin is an asset-backed token that allows to directly participate in our portfolio of precious and base metals that are used in industries such as IoT, Transportation, Space, Robotics and AI. This is the most liquid digital asset ever issued, that grows in value over time and allows to eliminate middleman and uncertainties of the cryptocurrency market.

Read more here

Recently Added:

Azbit added to Upcoming ICO list

Bettex added to Coin List