Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 3,412.64 Yesterday at 5 pm (GMT) and has since increased 5.12%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,621 representing a loss of 0.42% in the last 24 hours. More than $600 M worth of BTC were exchanged in the BTC/USD market representing a 25.5% share of the global daily volume. The BTC/JPY pair represents a 7.58% share.

The Ethereum price has dropped 0.13% over the past 24 hours and is currently sitting at $209, with over $160 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 17.23% market share of the daily trading volume.

For a detailed market analysis click here

Fidelity to Launch Crypto Custody and Brokerage Solutions for Institutional Investors

Yesterday, Fidelity Investments, one of the world's largest financial services provider, announced the launch of a new company for crypto custody and brokerage solutions, named Fidelity Digital Asset Services. According to the announcement, the new company will offer "enterprise-quality custody and trade execution services" for cryptocurrencies to institutional investors and is expected to be available in 2019. Chairman and CEO of Fidelity Investments, Abigail P. Johnson, explained:

"Our goal is to make digitally-native assets, such as bitcoin, more accessible to investors. We expect to continue investing and experimenting, over the long-term, with ways to make this emerging asset class easier for our clients to understand and use.”

Read more here

BitPay Now Supports Settlement in Stablecoins USDC and GUSD

Yesterday, blockchain payment processor BitPay, announced via a press release that merchants could now choose to receive settlement in two regulated fully-collateralized stablecoins: Circle's "USD//Coin" (USDC) and the Gemini digital asset exchange's "Gemini Dollar" (GUSD). In addition to the previously accepted cryptocurrencies, Bitcoin (BTC) and Bitcoin Cash (BCH). Bitpay's Co-Founder and CEO, Stephen Pair, stated:

"BitPay was founded to make payments faster, more secure, and less expensive using Bitcoin for organizations around the world. The introduction of the USDC and GUSD stable coin offers BitPay customers a new alternative to holding Bitcoin and Bitcoin Cash by offering a stable coin option."

Read more here

Moneynetint Becomes Newest Member of RippleNet, Ripple’s Global Payment Network

Yesterday, Moneynetint, a UK-based payment service provider for online merchants, joined RippleNet, Ripple's global payment network. According to a report published yesterday in PaymentsJournal, Moneynet has already begun to receive payment instructions from two other network partners and process these payments in a secure and decentralized manner. Moneynetint's CEO, Yishay Trif, explained:

"The cooperation signed with Ripple is part of the company’s strategic move to advance into innovative areas of the payments industry and to become a groundbreaking institution in the field. The fact that RippleNet serves as a platform that sets uniform parameters for all its members facilitates the process of interfacing between international financial entities."

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)

CryptoCompare publishes Cryptoasset Taxonomy

Today, 16 October, CryptoCompare published the ‘Cryptoasset Taxonomy Report’. The taxonomy is an independent classification that supports industry and investor understanding of the cryptoasset landscape and designed to better inform any investment decision process.

Why it was necessary

More than 1,000 different cryptoassets have emerged in the last year alone. Each of these cryptoassets can be categorised and understood using numerous frameworks. There is a clear requirement for a unified approach on how to categorise these assets, to make well-informed investment decisions.

Charles Hayter, CEO and Founder of CryptoCompare, said:

“Daily, retail and institutional investment communities express an appetite to invest and develop investment products and instruments based on cryptoassets. Key to this is the demand for a single, independent and trustworthy taxonomy offering transparency, consistency and confidence.”

Simon Taylor, Founder of Global Digital Finance & Co-Founder 11:FS:

“CryptoCompare’s work is the most detailed taxonomy to date and we look forward to future collaborations”.

Jack Tatar, Managing Partner, Doyle Capital Management:

“What’s been produced here is such a high-quality report that will allow others to build upon what’s provided here.”

Gabor Gurbacs, Director, Digital Asset Strategy VanEck/MVIS:

“We wish to see this classification standard adopted widely.”

Read the press release here »

Recently Added:

                                                NDAX added to Exchange List

                                               Coinmate added to Exchange List

Press Release

State of the Crypto

Bitcoin is down 0.42% at $6,621.510 with a volume of Ƀ90.8k - $605.3M on the USD pairs.

Ether is down 0.13% against Bitcoin at Ƀ0.03164 per Ether and down 0.78% against the dollar to $209.15 with average volume Ƀ48.9k on the ETH/BTC pair.

Bitcoin Cash is down 0.03% to Ƀ0.06989 with volumes of Ƀ22.5k and down 0.58% against the dollar at $464.37.

Ripple is up 2.19% to Ƀ0.00006909 with volumes of Ƀ16.1k and up 1.61% against the dollar at $0.4603.

Zcash is down 2.24% for the day to Ƀ0.01701 per ZEC and down 2.45% against the dollar to $113.62 with an average volume of Ƀ4.1k for the 24 hour period.

Litecoin is up 0.27% against the dollar for the day at $54.87 and up 0.46% to Ƀ0.008326 on volumes of Ƀ14.7k.

Dash is up 0.69% at Ƀ0.02489 with Ƀ6.3k volume and down 0.23% against the dollar at $168.03.

Iota is down 0.77% to Ƀ0.00007556 on Ƀ978.763 volume.

Ether Classic is down 0.4% to Ƀ0.001491 with volumes of Ƀ11.5k and down 0.61% against the dollar at $9.81.

Monero is down 0.19% against the dollar at $108.16 and up 0.62% against Bitcoin at Ƀ0.01622 on volumes of Ƀ1.9k.

Neo is down 0.73% for the day to Ƀ0.002449 per NEO and down 1.54% against the dollar to $16.58 with an average volume of Ƀ11.4k for the 24 hour period.

Waves is up 1.64% to Ƀ0.000304 on Ƀ757.506 volume.

Stratis is up 6.24% to Ƀ0.0002196 on Ƀ220.389 volume.

Cardano is up 1.24% to Ƀ0.0000114 on Ƀ1.4k volume.

NEM is up 0.14% to Ƀ0.00001459 on Ƀ449.12 volume.

EOS is up 0.06% to Ƀ0.0008168 on Ƀ14.2k volume.

Tron is down 0.53% to Ƀ0.00000372 on Ƀ6.1k volume.

Stellar is down 0% to Ƀ0.00003404 on Ƀ1.7k volume.

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