Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,832.26 yesterday at 5 pm (GMT) and has since increased 1.76%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,392 representing a gain of 2.26% in the last 24 hours. More than $320 M worth of BTC were exchanged in the BTC/USD market representing a 23% share of the global daily volume. The BTC/JPY pair represents a 9% share.

The Ethereum price has increased 9.83% over the past 24 hours and is currently sitting at $187, with over $190 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 20% market share of the daily trading volume.

For a detailed market analysis click here

Bittrex Launching USD Markets for TRON (TRX) and Litecoin (LTC)

Yesterday, U.S. based cryptocurrency exchange Bittrex announced that two new USD trading pairs were launched. According to the official Tweet, the company launched US dollar (USD) markets for TRON (TRX) and Litecoin (LTC), following the Ethereum (ETH), Cardano (ADA) and Zcash (ZEC) to USD trading pairs recently added. The company also announced that Bittrex accounts created before 4th of September are already enabled for USD trading, as stated:

"We’re rolling out more USD pairs. On Sep 17 we’re launching US dollar (USD) markets for TRON (TRX) and Litecoin (LTC). Eligible #Bittrex accounts created before Sep 4 are already enabled for USD trading. New user or want to deposit/withdraw USD? Details: https://support.bittrex.com/hc/en-us/requests/new?ticket_form_id=360000047992 …"

Read more here

Malta is Eying the Waves Cryptocurrency to Tokenize Financial Assets

The team from Waves met with Joseph Muscat, Malta’s prime minister, and representatives of the Maltese government, to discuss potential scenarios for the use of the Waves platform in the state’s government and corporate sectors. Sasha Ivanov, founder, and CEO of the Waves platform and Vostok, attended a meeting with government representatives and other interested parties on the island to discuss technological cooperation in the fields of healthcare, land registry, voting, and others, as well as proposals to use Waves as a platform for tokenized financial instruments. Prime Minister Muscat stated: 

“Over the last months, the Maltese government has actively solved how to position Malta as a major hub in terms of the digital economy, which will play a central role in the economic sustainability of the years to come. The Maltese government has legislated three acts that will provide legal certainty to this space, involving DLT and digital financial products and services such as virtual currencies and ICOs.”

Read more here

U.S. Ask Indian Authorities to Seize Property of BitConnect Promoters

Authorities of Illinois and Arizona, have asked the Criminal Investigation Department (CID) in India to seize the property of several BitConnect promoters, per reports from the Times of India news. BitConnect was an open-source cryptocurrency and an investment program accused of running a Ponzi scheme before ceasing operations in January of this year. The CID investigators assigned to the case reported that they have since learned that the alleged suspects, Satish Kumbhani and Divyesh Darji, two local promoters of BitConnect, began their cryptocurrency-based investment in Dec. 2016 and allegedly defrauded investors of Rs 41,000 crore (around $5.6 billion). CID crime investigator said:

"At the time, one BitConnect coin was worth about $360, and people invested their Bitcoins due to the attractive returns promised. While Darji was arrested from the Delhi airport on his way back from Dubai, Kumbhani is still absconding."

Read more here

John McAfee Bound For Malta Blockchain Summit

John McAfee, the famous British-American programmer and businessman is now confirmed as a speaker for the Malta Blockchain summit. McAfee has been ranked as one of the top 5 cryptocurrency personalities by the Bithemoth Exchange along with Vitalik Buterin, Roger Ver, Changpeng Zhao, and Satoshi Nakamoto. Eman Pulis, Founder and CEO of the Malta Blockchain Summit, stated:

"We are extremely excited to have with us the legendary John McAfee on the Blockchain Island this November. As one of the most prominent characters in the crypto space, we are certain that McAfee will provide a monumental contribution to the gravity of the show and the overall excitement around the Summit,”

To date, the entire expo floor plan of the summit is sold out, the ICO Pitch is almost filled, and over 2000 tickets have been issued. With three months to go, starting on the 1st of November, the Malta Blockchain Summit is already on its way to filling its promise to becoming a landmark event in the global blockchain calendar.

Read more here

Introducing “Tokenize The World” - A Security Token Documentary

Hi, my name is Clay, and my team recently released an audio documentary about security tokenization.  It’s called It’s called “Tokenize The World.”

I decided to create this documentary about security tokenization after learning that many of my preconceived notions about security tokens were just flat wrong.

During my journey, I also discovered that several individuals I respected (and who were otherwise well versed on cryptoassets) also had misconceptions about security tokenization, how and where security tokens attempted to add value, why they might be needed, and the mechanisms of how they work.

The documentary is broken into three parts . . .

• Part 1: The Definitive Intro To Tokenized Securities

• Part 2: How Security Token Platforms Actually Work

• Part 3: Seven Predictions About Our (Wild) Tokenized Future

To create this content, I had conversations with leading thinkers and creators in the field.

What I found is that, at every step of the way, the tokenization of securities, real estate, art, and other real-world assets is forcing us to reexamine old habits and ways of operating.

This documentary started off as a passion project, quickly turned into a huge, time-consuming pain, and is now back to being a passion project as we hit publish.

I hope you enjoy our tokenized security documentary, “Tokenize The World.” 

To check it out (and subscribe to) the podcast, go here.

Onwards and Upwards, Clay Collins (Host of The Flippening Podcast)