Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 3,225.45 yesterday at 5 pm (GMT) and has since dropped 0.49%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,297 representing a loss of 0.04% in the last 24 hours. More than $240 M worth of BTC were exchanged in the BTC/USD market representing a 14% share of the global daily volume. The BTC/KRW pair represents a 28% share.

The Ethereum price has increased 0.02% over the past 24 hours and is currently sitting at $195 with over $40 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

JD.com Launches a New Blockchain Research Lab

Yesterday, JD.com, China's largest retailer, announced it was launching in collaboration with the Ying Wu College of Computing at the New Jersey Institute of Technology (NJIT) and the Institute of Software at the Chinese Academy of Sciences (ISCAS), a new blockchain technology research lab. Dr. Jian Pei, president of JD Big Data and Smart Supply Chain, how will lead the new lab stated:

“JD.com is a pioneer in the utilization of blockchain technology, and we are dedicated to exploring its potential by investing in the growth of the blockchain ecosystem through key strategic and research partnerships. Our partnership with NJIT and ISCAS will leverage our respective strengths and resources to drive the continued development of this cutting-edge technology and its wider deployment across many industries. With more than 300 million customers, JD.com recognizes the pivotal role being played by blockchain in improving transparency in the supply chain and delivering greater peace of mind to Chinese consumers about product quality and safety."

Read more here

Ledger Expands Operations to Hong Kong

Yesterday, crypto hardware wallet Ledger announced via a press release that it had "expanded its global presence to Hong Kong" to meet the increasing demand for its security solutions for cryptocurrencies. Benjamin Soong, Ledger's Head of Asia Pacific (APAC) will be running the new Hong Kong office. He stated:

"Blockchain technology is evolving the financial system rapidly, it is critical that institutions and investors adopt security solutions that are equipped to face the new risks that come along with it. Secure storage of large multi-cryptocurrency funds is a highly complex challenge that cannot be solved by just implementing procedures. Institutions are looking for safer storage options along with integrated governance policies, but don't want to sacrifice operational efficiency with our technology, investors don't have to compromise."

Read more here

Nine Japanese Banks To Test Blockchain System

Last Monday, Fujitsu revealed in a press release that will operate an experimental blockchain network for the Japanese Bankers Association's (JBA), comprising nine large Japanese banks. Fujitsu will deploy their testnet over Zengin-net, the Japanese Banks’ Payment Clearing Network, which serves the JBA. According to the release, the goal of the testing is:

“Evaluate the functionality of the system as an economical new interbank funds transfer settlement system for small-scale transactions using a real time gross settlement.”

Read more here

Final Preparations for The Malta Blockchain Summit

10 events not to be missed during the upcoming summit

The Malta Blockchain Summit will take place in just 2 days! At 9:50 am on November 1st the Prime Minister of Malta, Joseph Muscat will give an opening speech to honor the start of this global gathering of experts. However, let’s not forget that there are also a number of important events that will start from October 31. CryptoFriends have collected 10 events, speeches and items from the MBS agenda which you should definitely put in your diaries.

October 31st, 11 am - November 2nd, 6:30 pm
The start of a three-day Blockchain-Hackathon supported by CryptoFriends.

November 1st, 10:10 am - 10:30 am
The Battle of the Jurisdictions

November 1st, 11:10 am - 11:30 am
Transparency vs the Right to be Forgotten

November 1st, 12:50 am - 2:50 pm
ICO pitch
30 perspective ICO projects will take the stage and present.

November 1st, 4:00 pm - 4:10 pm
Blockchain for Education

November 1st, 5 pm - 5:10 pm
Re-inventing Hollywood

November 1st, 5:20 pm - 5:35 pm
Sophia, What's Your Take on Blockchain? An AI-creature, the world's first virtual citizen will talk to its creator, Ben Goertzel.

November 2nd, 10:20 am - 10:40 am
Marrying AI to the Blockchain

November 2nd, 10:40 am - 10:50 am
The Dark Side of the Chain with John McAfee, Brandon Smietana - Synth and Monty Munford.

November 2nd, 11:10 am - 11:30 am
Is Your Business Blockchain-able