Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 3,873.81 Yesterday at 5 pm (GMT) and has since dropped 0.39%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $7,375 representing a gain of 0.7% in the last 24 hours. More than $340 M worth of BTC were exchanged in the BTC/USD market representing a 20% share of the global daily volume. The BTC/JPY pair represents a 7% share.

The Ethereum price has dropped 1.06% over the past 24 hours and is currently sitting at $283, with over $80 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.

See live charts here and here

EU Lawmakers Weigh 'Standard' for ICOs Under Crowdfunding Rules

Yesterday, members of the European Parliament held a meeting to discuss a proposal that, if approved, would create new regulations for Initial Coin Offerings (ICOs) held within the economic bloc. France Digitale managing director Nicolas Brien said during the meeting that there is an emergency to act to create such a standard, explaining that the market wants legitimization from every jurisdiction. Brien went on to explain:

"Having the certainty, but also having that legitimization, I actually welcome having a European-wide proposal because it gives people the certainty to know. I think we need to be clear whether this is a utility token or a transferable security, or how the regulator regime looks at that, but I think this can be done because an ICO is another form of crowdfunding. It's different, but it is a form of crowdfunding."

Read more here

PBoC-Backed Blockchain Trade Finance Platform Enters Test Phase

Yesterday, according to a report from 21st Century Business Herald, the first phase of the so-called Bay Area Trade Finance Blockchain Platform is already deployed across financial institutions in the southern city of Shenzhen and is currently undergoing final trials. The platform is aimed to boost the efficiency of interbank transactions and to help small- and medium-sized businesses access a wider range of financing tools, such as asset-backed securities, as data can be easily shared across participants via a distributed network

Read more here

Ledger Nano S Finally Supports EOS

Yesterday, cryptocurrency hardware wallet Ledger announced support for several popular cryptocurrencies for its Ledger Nano S device, with the most notable one being EOS. The Ledger Nano S added support to Hycon, Waves, Rise, FIC Network, Pirl, EOS, and Akroma. As stated in an official Tweet:

"Happy #CryptoTuesday! Ledger now supports Hycon, Waves, Rise, FIC Network, Pirl, EOS and Akroma. These 3rd-party apps for Ledger Nano S are available on Ledger Live: https://ledger.com/live . For more details on upcoming cryptos support visit (...)"

Read more here