Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 3,341.75 yesterday at 5 pm (GMT) and has since dropped 0.64%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,447 representing a loss of 0.3% in the last 24 hours. More than $200 M worth of BTC were exchanged in the BTC/USD market representing a 12% share of the global daily volume. The BTC/KRW pair represents a 34% share.

The Ethereum price has dropped 0.24% over the past 24 hours and is currently sitting at $200, with over $40 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 10% market share of the daily trading volume.

See live charts here and here

Binance Raises Bitcoin (BTC) and Ether (ETH) Donations For Japan's Natural Disaster Victims

Last Wednesday, Binance published a blog post on Medium where explains how the crypto community responded to the exchange’s call to action. The southwestern region of Japan experienced massive floods and mudflows during late June and the first two weeks of July 2018. On July 8th, cryptocurrency exchange Binance’s management “called for action to remedy the disaster”. So far, the charitable fundraising effort has “raised roughly $410,000 and more in crypto-donations, making the total donation at $1,410,000”. Commenting on the success of Binance’s donation operation, Open Japan stated:

"It wasn’t difficult to get our account set up, and once everything was ready Binance contacted us to proceed with the donation. It was carried out instantly, and after confirming the transfer we were able to convert it to Japanese yen. Receiving this donation left us with a deep impression of cryptocurrency: both its growing effect on our world and its potential."

Read more here

One Million WAVES Offered to Game Developers Who Build on Waves Platform

Yesterday, the Waves platform announced a new initiative to recruit video game companies to build applications on their blockchain. The initiative involves a massive fund of 1 million WAVES, worth almost $2 million, which will be offered to different developers who show pass the application process. Sasha Ivanov, Waves Founder and CEO says that the blockchain technology fits perfectly with the needs of the current gaming industry. Ivanov stated:

"This initiative was launched to showcase the versatility of Waves technology and stimulate its adoption in such an important industry as gaming. I believe that the gaming sector will be an enthusiastic adopter of blockchain, and will drive its widespread use. Given the mutual opportunity here, we are more than ready to reward developers for the effort they make in implementing their projects within Waves ecosystem."

Read more here

AMD's Stock Sinks on 'Negligible' Cryptocurrency-Related GPU Sales

Recently, the multinational computer chip manufacturer Advanced Micro Devices Inc (AMD) revealed in its Q3 financial report that the stock prices have recently sunk as its revenue was of $1.65 billion, below the estimated $1.7 billion. GPU sales to cryptocurrency miners, it reads, were “negligible”. The company’s CEO Lisa Su had stated she believes blockchain technology is important, but also a “bit of a distraction in the short term,” as while it may be a part of the future the company needed to focus on other things. She stated:

"It's a very important technology. The idea you can do all these peer-to-peer transactions and a decentralized market, but it's a bit of a distraction at this point. We want to focus on the core markets."

Read more here

CryptoCompare App now available in App Store and Google Play!

It is with great excitement that we announce the release of the CryptoCompare mobile app, in response to demand from our crypto community. The CryptoCompare app gives traders and investors the ability to monitor live bitcoin and altcoin pricing data, track cryptocurrency investments through multiple portfolios, and get the latest news in the crypto industry.

The app provides critical information necessary to make smarter investment decisions and gives you the ability to:

• track your own customised list of coins and view trading volumes of the most popular coins;
• create and manage multiple portfolios with accurate statistics, price changes and profit/loss information;
• stay up to date with the latest financial market trends, as the app supports all major crypto news feeds.

We'd like to thank all our users and especially our beta testers for all their patience and constructive feedback.

Download on App Store » Download on Google Play »

If you enjoy it, make sure you leave us a review in the store and if you have any feedback at all, tap on the ‘Contact’ link on your profile screen in the app and let us know.

Recently Added:

IncoreX added to Exchange list

Cryptonoras added to Mining list