Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 3,389.54 yesterday at 5 pm (GMT) and has since dropped 0.15%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,546 representing a loss of 0.56% in the last 24 hours. More than $270 M worth of BTC were exchanged in the BTC/USD market representing a 17% share of the global daily volume. The BTC/KRW pair represents a 15% share.

The Ethereum price has dropped 0.49% over the past 24 hours and is currently sitting at $208, with over $60 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has an 11% market share of the daily trading volume.

For a detailed market analysis click here

Bitfinex Launches ‘New, Improved’ Deposit System Amid Market Chaos

Yesterday, Bitfinex exchange announced an upgrade to its fiat currency deposit system. After causing a stir last week by briefly halting U.S. dollar, GBP, EUR, and Japanese Yen deposits. The minimum fiat deposit amount on Bitfinex will remain at 10,000 USD with a 0.100% processing fee. The company stated:

"We believe this system to be significantly more durable in the face of sustained attacks by our competition and their supporters. Ongoing campaigns against us will only result in our company becoming stronger and better."

Read more here

Huobi Exchange Will Add Four More Stablecoins in the Next Few Days

Yesterday, Singapore-based cryptocurrency exchange Huobi published a blog post, in which it is noted that deposits of Paxos Standard Token (PAX), True USD (TUSD), Circle’s (USDC), and Gemini exchange’s (GUSD) would be available on its exchange starting from October 19, 2018. The company stated:

"Deposits of stablecoins Paxos Standard (PAX), TrueUSD (TUSD), USDCoin (USDC) and Gemini Dollar (GUSD) will be available on Huobi Global from October 19, 2018 (GMT+8). We’ll announce the start time and details based on market conditions at a later date."

Read more here

Decred Is Turning Its Entire $21 Million Crypto Treasury Over to Investors

Yesterday, Decred's Politeia software went live at 13:00 UTC. Politeia builds on Decred's existing approach of combining proof-of-work and proof-of-stake consensus by attempting to turn over all governance decisions to those actively participating in the operation of its protocol, at the time of any given decision. Once Politeia goes live, though, people waiting for their turn at block verification will also be able to vote on Politeia proposals (though there's no payment for that). Decred Project Lead Jake Yocom-Piatt stated: 

"It is important to understand that Politeia is a very powerful tool: it can enable all manner of positive developments for Decred, but if used unwisely, it can lead to a wide variety of problems."

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)

Recently added:

PlasmaPay added to Wallet list

Bitech Mining added to Mining Company list