Market Analysis Report

22 October 2018

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 3,383.22 yesterday at 5 pm (GMT) and has since dropped 0.46%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,517 representing a loss of 0.14% in the last 24 hours. More than $110 M worth of BTC were exchanged in the BTC/USD market representing an 8% share of the global daily volume. The BTC/KRW pair represents a 25% share.

The Ethereum price has dropped 0.78% over the past 24 hours and is currently sitting at $205, with over $30 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 7% market share of the daily trading volume.

See live charts here and here

Bitfinex Launches “Algorithm Order Library"

Recently, the popular cryptocurrency exchange, Bitfinex, has expanded its platform's functionality by launching an “Algorithm Order Library”. According to an official blog post, the algorithm is part of the "Honey Framework" toolkit, an open-source toolkit created by the company for traders to develop and implement custom order types & trading strategies, and will allow users to program their own order types on the Bitfinex platform. Furthermore, the new feature will allow traders to use complex order types like Iceberg, TWAP, and Accumulate/Distribute. Cris Mihalache, Software Engineer at Bitfinex stated:

"Today we are happy to announce the release of the Honey Framework, beginning with an Algorithmic Order library for creating custom, complex order types for the Bitfinex platform. Algorithmic orders utilize the base set of atomic orders already available on the Bitfinex platform in order to create more complex behaviors, enabling orders that react to market events in real-time."

Read more here

TRON Supernode Sesameseed Launches TRX-Based Payment Card Beta Program

Recently, one of the TRON network's supernodes, Sesameseed launched the TronCard, a beta program card developed as an “open payment platform” that may be integrated by many other crypto wallets and applications which supports the TRON ecosystem. The TronCard can be accessed by SEEDGerminator contributors, an accelerator platform for developers seeking to create DApps, tokens, and technology". Sesameseed stated:

"Beta program is now open. Sesameseed proudly presents the TronCard Beta program; now available to SEEDGerminator contributors. Addresses contributing to the Poppy project on SEEDGerminator will receive 5 Poppy tokens per SEED, and 1 Poppy token per TRX contributed. Addresses receiving 10,000 Poppy tokens or more upon reaching HardCap will automatically be enrolled in TronCard Beta."

Read more here

Russia's Lawmakers Remove Definition of Mining From Crypto Regulations Draft Bill

Recently, according to a local news outlet, the Interfax, Russian lawmakers have reportedly removed the section that defines cryptocurrency mining from the country’s draft bill on digital asset regulations. The crypto-related bill’s next reading, or review, in the State Duma may now fail to clearly specify how Russian citizens are expected to file taxes on their earnings from mining. Anatoly Aksakov, the chairman of the State Duma Committee on Financial Markets, stated: 

"Earlier we had some thoughts on Bitcoins, on their integration into our economic system. But as we decided we don’t need them, these ambiguous Bitcoins, therefore we don’t need mining as well."

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)

Monaize, reinventing banking one token at a time

Monaize is proud to announce that our token sale is live now. It will be on private sale up to the 31st of March 2019.

What’s Monaize all about?

Monaize is a European based M-banking platform that provides a mobile first current account for freelancers and small businesses. Using the latest technology, Monaize is the first platform to provide an instant KYB (Know Your Business) on-boarding process allowing users to create a business current account in less than five minutes with a smartphone.

What's next after the token sale?

Having more services...
Our very first mission will be to onboard more tech developers to increase the number of services Freelancers and SME's will have access through the Monaize Platform such as integrated crypto wallets, email & sms payment solutions, financing or insurance (and many others).

... to serve more customers
We'll go international, starting with the UK early 2019, Germany and the US late 2019.

Private Token Sale

As part of the token sale, Monaize is excited to announce the release of its entire crypto asset distribution platform and crypto wallets. Tokens swaps will be done in realtime and transactions can be verified on the BTC/ KMD Explorer & MNZ Explorer.

Minimum amount of investment is equivalent to 1 BTC or 4.000 KMD.

Anyone interested in participating to our private ICO can contact us on ico@monaize.com or fill in the form "INVEST NOW" on monaize.com/ico.

Recently added:

Minerall added to Mining pool list

Crypto Drilling added to Mining Company list

Press Release

State of the Crypto

Bitcoin is down 0.14% at $6,517.000 with a volume of Ƀ17.7k - $115.9M on the USD pairs.

Ether is down 0.79% against Bitcoin at Ƀ0.03148 per Ether and down 0.78% against the dollar to $205.08 with average volume Ƀ26.4k on the ETH/BTC pair.

Bitcoin Cash is down 0.8% to Ƀ0.06906 with volumes of Ƀ18.7k and down 0.58% against the dollar at $451.35.

Ripple is down 1.33% to Ƀ0.00007036 with volumes of Ƀ7.1k and down 1.31% against the dollar at $0.4611.

Zcash is down 0.42% for the day to Ƀ0.01914 per ZEC and down 0.74% against the dollar to $125.4 with an average volume of Ƀ4.2k for the 24 hour period.

Litecoin is down 0.73% against the dollar for the day at $52.85 and down 0.66% to Ƀ0.008137 on volumes of Ƀ7.6k.

Dash is down 0.96% at Ƀ0.02371 with Ƀ4.7k volume and down 1.16% against the dollar at $156.22.

Iota is down 2.37% to Ƀ0.00007523 on Ƀ1.0k volume.

Ether Classic is down 2.21% to Ƀ0.00146 with volumes of Ƀ6.9k and down 0.62% against the dollar at $9.65.

Monero is down 0.16% against the dollar at $106.8 and down 0.18% against Bitcoin at Ƀ0.01622 on volumes of Ƀ1.1k.

Neo is down 0.55% for the day to Ƀ0.002549 per NEO and down 0.59% against the dollar to $16.87 with an average volume of Ƀ11.5k for the 24 hour period.

Waves is down 0.75% to Ƀ0.0003035 on Ƀ806.216 volume.

Stratis is down 0.73% to Ƀ0.0002184 on Ƀ90.899 volume.

Cardano is down 1.27% to Ƀ0.0000117 on Ƀ699.503 volume.

NEM is up 4.56% to Ƀ0.0000156 on Ƀ841.059 volume.

EOS is down 0.61% to Ƀ0.0008352 on Ƀ10.0k volume.

Tron is down 1.33% to Ƀ0.0000037 on Ƀ3.4k volume.

Stellar is down 1.28% to Ƀ0.00003774 on Ƀ1.4k volume.

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