Market Analysis Report

10 June 2024

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 3,635.76 yesterday at 5 pm (GMT) and has since dropped 0.04%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,587 representing a gain of 0.21% in the last 24 hours. More than $230 M worth of BTC were exchanged in the BTC/USD market representing a 22% share of the global daily volume. The BTC/JPY pair represents an 11% share.

The Ethereum price has dropped 0.63% over the past 24 hours and is currently sitting at $221, with over $80 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 12% market share of the daily trading volume.

See live charts here and here

Bithumb to Launch Decentralized Exchange

Yesterday, according to Business Korea, cryptocurrency exchange Bithumb is set to launch its own decentralized exchange (DEX) by the end of October. The South Korea cryptocurrency exchange has partnered with OneRoot for the move, who will provide their Ethereum-based R1 transaction protocol for order matching and liquidity on the new DEX. Bithumb stated:

“Bithumb DEX will be operated by its overseas subsidiary. The company is working together with RNT only in the decentralized exchange sector.”

Read more here

BlackBerry Unveils Blockchain Partnership

Recently, the software company and former maker of an eponymous line of mobile phones, BlackBerry, announced its plans for a new blockchain platform aimed at storing and sharing medical data. The firm said in a press release that it would use its "carrier-grade network operation center" (NOC) to support the digital ledger, which would be developed by biotech incubator ONEBIO. BlackBerry stated:

"Co-chaired by Shire, the leading global biotech focused on rare diseases, one of the Global Commission's technology pilots will explore how BlackBerry's new solution might provide real-time, actionable analysis as the Commission seeks to use technology to shorten the time to diagnosis."

Read more here

Bitpay Phases Out Crypto-Debit Cards for European Cardholders

Recently, the global cryptocurrency payment service provider, Bitpay, has announced the company’s loadable cryptocurrency debit card services will no longer work for European customers later this month. The company has emailed all of its European card holding customers and revealed it is in the midst of sunsetting all Bitpay accounts related to the Wave Crest-issued Bitpay card. Bitpay stated:  

"We are now working to sunset Bitpay accounts related to the Wave Crest-issued Bitpay card — In 30 days, we will be turning off access to your Bitpay card dashboard. If you need to store your card’s transaction data for any purpose, please export your transaction data before your card dashboard access ends on Wednesday, October 31st, 2018."

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)

Press Release

State of the Crypto

Bitcoin is up 0.21% at $6,587.340 with a volume of Ƀ36.0k - $237.2M on the USD pairs.

Ether is down 0.82% against Bitcoin at Ƀ0.0337 per Ether and down 0.63% against the dollar to $221.49 with average volume Ƀ43.3k on the ETH/BTC pair.

Bitcoin Cash is down 2.06% to Ƀ0.07839 with volumes of Ƀ20.0k and down 1.68% against the dollar at $515.98.

Ripple is down 2.83% to Ƀ0.00007969 with volumes of Ƀ21.1k and down 2.49% against the dollar at $0.5248.

Zcash is up 3.57% for the day to Ƀ0.01942 per ZEC and up 3.5% against the dollar to $127.9 with an average volume of Ƀ6.2k for the 24 hour period.

Litecoin is down 0.84% against the dollar for the day at $58.18 and down 1.14% to Ƀ0.00885 on volumes of Ƀ7.2k.

Dash is down 0.29% at Ƀ0.0275 with Ƀ11.9k volume and down 0.05% against the dollar at $181.03.

Iota is up 0.15% to Ƀ0.00008463 on Ƀ1.1k volume.

Ether Classic is down 0.71% to Ƀ0.001689 with volumes of Ƀ9.7k and down 0.27% against the dollar at $11.08.

Monero is up 0.78% against the dollar at $114.79 and down 0% against Bitcoin at Ƀ0.01733 on volumes of Ƀ945.068.

Neo is down 1.62% for the day to Ƀ0.00273 per NEO and down 1.64% against the dollar to $18.03 with an average volume of Ƀ8.6k for the 24 hour period.

Waves is down 1.4% to Ƀ0.0003235 on Ƀ534.636 volume.

Stratis is up 0.35% to Ƀ0.0002313 on Ƀ120.28 volume.

Cardano is down 0.8% to Ƀ0.00001238 on Ƀ1.4k volume.

NEM is down 2.21% to Ƀ0.00001593 on Ƀ848.524 volume.

EOS is up 1.5% to Ƀ0.0008725 on Ƀ12.7k volume.

Tron is up 4.5% to Ƀ0.00000348 on Ƀ7.1k volume.

Stellar is down 1.15% to Ƀ0.0000368 on Ƀ1.9k volume.
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