Market Analysis Report

10 June 2024

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 3,227.31 yesterday at 5 pm (GMT) and has since increased by 0.13%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,313 representing a loss of 2.08% in the last 24 hours. More than $340 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 25% share.

The Ethereum price has dropped 3.73% over the past 24 hours and is currently sitting at $196, 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

Russian Financial Watchdog Calls for Global Crypto Exchange Regulations

Yesterday, local media sources have reported that Russia’s Financial Monitor Service (FMS) is seeking the intervention of a global financial watchdog to regulate cryptocurrencies. The Russian financial regulatory agency allegedly contacted the Financial Action Task Force (FATF) to request an intergovernmental initiative that could control the supply and flow of cryptocurrencies. Pavel Livadny, the Deputy Director of FMS, confirmed that they are endeavouring to secure the participation of all the FATF member countries to design a unified legal parameter for the thriving industry, citing money laundering as the primary concern. Livadny stated to the local media Izvestia:

"All FATF member countries must change the legislation and introduce licensing, registration or registration of cryptoactive exchangers, ICO sites and cryptographic administrators, also monitor their activities and standards for anti-money laundering."

Read more here

Alrosa Joins Pilot Program for Blockchain-Powered Diamond Traceability Platform ‘Tracer’

Yesterday, Russian-based Alrosa, one of the world's largest rough diamond miner, announced that it had joined the pilot program for "Tracr", the blockchain-powered end-to-end diamond traceability platform being developed by rival De Beers Group "in collaboration with industry stakeholders". Sergey Ivanov, the CEO of Alrosa, stated:

“Traceability is the key to further development of our market. It helps to ensure consumer confidence and fill information gaps, enabling people to enjoy the product without any doubts about ethical issues or undisclosed synthetics. Alrosa is glad to participate in testing Tracr, along with other market solutions. We believe tracing requires industry cooperation and complementation for the sake of a common goal.”

Read more here

Singapore Power (SP) Group Introduces Blockchain-Powered Solar Energy Marketplace

Yesterday, SP Group, one of the largest corporations in Singapore focused on providing electricity and gas transmission, announced the launch of a blockchain-based renewable energy certificate (REC) marketplace. SP Group introduced the REC platform during the ASEAN Energy Business Forum currently being held in Singapore. Samuel Tan, the chief digital officer at the SP Group, stated: 

"Through blockchain technology, we enable companies to trade in renewable energy certificates conveniently, seamlessly and securely, helping them achieve greener business operations and meet their sustainability targets."

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:

CoinMiningCentral added to Mining List

Press Release

State of the Crypto

Bitcoin is down 2.08% at $6,313.020 with a volume of Ƀ54.6k - $346.3M on the USD pairs.

Ether is down 1.37% against Bitcoin at Ƀ0.03107 per Ether and down 3.73% against the dollar to $196 with average volume Ƀ36.1k on the ETH/BTC pair.

Bitcoin Cash is down 2.9% to Ƀ0.066 with volumes of Ƀ17.9k and down 4.51% against the dollar at $418.6.

Ripple is down 0.96% to Ƀ0.00007046 with volumes of Ƀ9.9k and down 3.03% against the dollar at $0.4455.

Zcash is down 2.55% for the day to Ƀ0.01835 per ZEC and down 4.49% against the dollar to $116.23 with an average volume of Ƀ5.1k for the 24 hour period.

Litecoin is down 4.91% against the dollar for the day at $49.14 and down 2.95% to Ƀ0.007791 on volumes of Ƀ12.7k.

Dash is down 0% at Ƀ0.02411 with Ƀ14.4k volume and down 1.7% against the dollar at $153.7.

Iota is down 2.34% to Ƀ0.00007144 on Ƀ494.538 volume.

Ether Classic is down 1.37% to Ƀ0.001435 with volumes of Ƀ9.3k and down 5.85% against the dollar at $9.02.

Monero is down 2.14% against the dollar at $102.1 and down 0% against Bitcoin at Ƀ0.01611 on volumes of Ƀ1.3k.

Neo is down 2.05% for the day to Ƀ0.002433 per NEO and down 4.09% against the dollar to $15.47 with an average volume of Ƀ12.0k for the 24 hour period.

Waves is down 3.94% to Ƀ0.0002831 on Ƀ928.486 volume.

Stratis is down 6.83% to Ƀ0.0002399 on Ƀ286.353 volume.

Cardano is down 1.78% to Ƀ0.00001105 on Ƀ1.1k volume.

NEM is down 0.63% to Ƀ0.00001429 on Ƀ451.096 volume.

EOS is down 3.03% to Ƀ0.0008102 on Ƀ16.6k volume.

Tron is down 3.31% to Ƀ0.0000035 on Ƀ3.6k volume.

Stellar is down 0.61% to Ƀ0.00003557 on Ƀ2.1k volume.
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