Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 3,129.61 yesterday at 5 pm (GMT) and has since dropped 0.75%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,474 representing a gain of 0.24% in the last 24 hours. More than $170 M worth of BTC were exchanged in the BTC/USD market representing a 17% share of the global daily volume. The BTC/JPY pair represents an 8% share.

The Ethereum price has increased 1.41% over the past 24 hours and is currently sitting at $217, with over $120 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 15% market share of the daily trading volume.

See live charts here and here

Binance to Launch a Fiat-to-Crypto Exchange in Singapore

Last Saturday, Changpeng "CZ" Zhao, co-founder and CEO of Binance, "accidentally" revealed plans at the Cumberland Summit, to launch a fiat-to-crypto exchange in Singapore. CZ said that a closed beta test would begin on the 18th of September, 2018. So it is quite likely that the Singapore exchange will be launched before the end of the year. CZ stated on Twitter:

"I just slipped that we will begin  Singapore fiat exchange live money closed beta testing on Sept 18th, in 3 days. Invitation only first. Exciting!"

Read more here

BitGo Receives Approval to Operate as Regulated Cryptocurrency Custodian

Blockchain security startup Bitgo has recently received regulatory approval in the U.S. to offer cryptocurrency custody services. With this move, BitGo becomes the latest company to join the crypto custody ring as the market prepares to welcome large institutional investors who have previously been put off by crypto’s substantial custody risk. Co-founder and CEO Mike Belshe believes that the market reception for a regulated crypto custody offering will make any sacrifices worth it. He stated:

“This is the missing piece for infrastructure — it’s a treacherous environment today. Hedge funds need it, family offices need it, they can’t participate in digital currency until they have a place to store it that’s regulated […] This is early stages in an industry that’s volatile right now. We’re in a down cycle in terms of where we’re going, but the institutions see an opportunity. It’s going to progress quickly.”

Read more here

Digifinex Exchange Is Replacing Tether With a Rival Stablecoin

Recently, Digifinex, a top 20 cryptocurrency exchange, has decided to replace tether (USDT) with the TrustToken's TrueUSD. Based in Singapore, Digifinex handled about $131 million in trading volume over the past 24, making it the 16th-largest exchange by that measure. Kiana Shek, Digifinex's co-founder said: 

"Through my research, due diligence, and my communications with the TrustToken team, I have come to appreciate their commitment to industry-leading best practices."

Read more here

The Modex Public Token Sale has opened to the public this 15th of September!

This is your chance to sign up and support the company developing the First Multi-Protocol Smart Contract Marketplace in the world and and a comprehensive Unified Developer Environment, meant to help developers make smart contracts event smarter. 🔜 https://contribute.modex.tech
Did you know that Modex is currently one of the few ITOs with a working product already available on the market?
 
Modex is a token driven marketplace and app platform ecosystem that intends to increase accessibility, trustworthiness and community of blockchain enabled smart contracts. It empowers rapid adoption for all parties involved, including buyers and developers of smart contracts to start, with opportunity for consumer engagement in the future.

Modex’s token is the ERC20 utility token, built on the Ethereum blockchain. Read all about it in the Modex Whitepaper.

 

Recently Added:
TOT added to Upcoming ICO list
AUK added to Ongoing ICO list
Press Release

State of the Crypto

Bitcoin is up 0.24% at $6,474.330 with a volume of Ƀ27.6k - $179.9M on the USD pairs.

Ether is up 1.3% against Bitcoin at Ƀ0.03362 per Ether and up 1.41% against the dollar to $217 with average volume Ƀ39.8k on the ETH/BTC pair.

Bitcoin Cash is up 2.21% to Ƀ0.06894 with volumes of Ƀ14.1k and up 2.33% against the dollar at $445.36.

Ripple is up 0.63% to Ƀ0.00004308 with volumes of Ƀ11.6k and up 0.69% against the dollar at $0.2784.

Zcash is down 0.28% for the day to Ƀ0.01802 per ZEC and up 0.06% against the dollar to $116.49 with an average volume of Ƀ3.9k for the 24 hour period.

Litecoin is up 1.24% against the dollar for the day at $56.22 and up 1.15% to Ƀ0.008696 on volumes of Ƀ8.4k.

Dash is up 6.09% at Ƀ0.03049 with Ƀ8.6k volume and up 6.28% against the dollar at $197.03.

Iota is up 0.91% to Ƀ0.00008789 on Ƀ859.791 volume.

Ether Classic is down 0.41% to Ƀ0.001716 with volumes of Ƀ8.5k and down 0% against the dollar at $11.08.

Monero is up 3.48% against the dollar at $118.51 and up 3.44% against Bitcoin at Ƀ0.01834 on volumes of Ƀ2.3k.

Neo is up 0.66% for the day to Ƀ0.002756 per NEO and up 0.85% against the dollar to $17.78 with an average volume of Ƀ2.8k for the 24 hour period.

Waves is up 1.29% to Ƀ0.0003465 on Ƀ219.507 volume.

Stratis is up 1% to Ƀ0.0002117 on Ƀ137.415 volume.

Cardano is up 1.83% to Ƀ0.00001058 on Ƀ1.3k volume.

NEM is up 1.84% to Ƀ0.00001387 on Ƀ481.159 volume.

EOS is up 0.55% to Ƀ0.0008247 on Ƀ17.7k volume.

Tron is up 1.99% to Ƀ0.00000307 on Ƀ2.3k volume.

Stellar is up 1.72% to Ƀ0.00003136 on Ƀ3.3k volume.
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