Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 3,336.34 yesterday at 5 pm (GMT) and has since increased 2.51%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,458 representing a gain of 1.19% in the last 24 hours. More than $310 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 an 11% share.

The Ethereum price has increased 2.95% over the past 24 hours and is currently sitting at $214, with over $210 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 22% market share of the daily trading volume.

See live charts here and here

Google to Allow Regulated Crypto Exchanges to Buy Ads in U.S. and Japan

Yesterday, CNBC reported that Google will end its outright ban on all crypto-related advertising, and allow regulated crypto exchanges to buy ads on its platform in the U.S. and Japan. On the 14th of March 2018, Google announced that it would start banning all crypto-related advertising, including ads related to initial coin offerings (ICOs), crypto wallets, crypto trading advice, and even crypto programming courses. Back then, Google's Director of Sustainable Ads, Scott Spencer, stated:

"We don't have a crystal ball to know where the future is going to go with cryptocurrencies, but we've seen enough consumer harm or potential for consumer harm that it's an area that we want to approach with extreme caution."

Read more here

Mt. Gox Trustee Confirms Liquidation of $230 Million Worth of Bitcoin and Bitcoin Cash

Yesterday, Nobuaki Kobayashi, the trustee of now-defunct crypto exchange Mt. Gox, confirmed via a statement that he had liquidated around $230 million worth of Bitcoin (BTC) and Bitcoin Cash (BCH) in the most recent round of sales. The statement reads:

"As a result of consultation with the court and the examiner, the bankruptcy trustee (i) determined that it was necessary and appropriate to procure a suitable amount of money to secure the interests that the creditors for the principal amount and delay damages of the determined and undetermined bankruptcy claims that have been filed in the Bankruptcy Proceedings (approximately JPY 73,373 million in total)"

Read more here

Canadian City Threatens to Pull Plug on World's Largest Bitcoin Mining Farm

BitFury and Hut 8 established a mining farm in Medicine Hat, Canada with the expectation that they would be welcome in a region that is known as a top energy producer. But recently, the grand opening of the largest bitcoin farm in the world was overshadowed by a threat from the city that they would be temporarily shut down in case of a heat wave.

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)

URP & ConsenSys Combine Their Efforts Through Ethereum Technology to Engage the Consumer

Universal Reward Protocol (URP) is pleased to announce that it has appointed ConsenSys France as technical advisor for the design and development of the blockchain layers of its protocol. ConsenSys is a venture production studio building decentralized applications and tools for the blockchain ecosystem.

Universal Reward Protocol has just released its Technical White Paper, written with input from ConsenSys. The paper focuses on the blockchain components of the URP protocol, and how it intends to leverage the current state of the technology to build the product, detailing the use of a sidechain pegged to the Ethereum main net. The paper outlines the technical solutions envisioned to make the protocol scalable to millions of daily transactions, to back the URP tokens with an array of redeemable offers, and to protect the privacy of consumers.

URP is creating a protocol for shoppers and retailers to interact in real-time and on a personalized basis. The URP technology will allow retailers to reward consumers for any type of shopping behaviour, online and offline, and for sharing the corresponding shopping data. Retailers can use the collected ‘Proof-of-Behaviour’ data to offer deals tailored to each specific individual shopper’s activity. Shoppers earn URP tokens by fulfilling the behaviour described in the campaign, and agreeing to share their data. They can then redeem these tokens through personalised offers from a retailer of their choice.

URP was spun out from a research project at UC Berkeley and Ecole Polytechnique in 2015, the founders behind the Universal Reward Protocol started building an end-to-end technology solution allowing brick and mortar retailers to identify and analyze each visitor’s path and to interact with them before, during and after their shopping experience. This solution, called Occi, is now live across more than 100,000 m2 of retail space in France, including stores of leading retailers such as Galeries Lafayette, Auchan and Carrefour. Occi will operate as the first decentralised app (dApp) on the Universal Rewards Protocol platform. Louis Millon, CTO of Universal Reward Protocol stated:

“ConsenSys is the best technical advisor you can get in the Ethereum ecosystem. This appointment will enable us to architect a solid protocol backed by the best experts in the Ethereum community.”

Read more here

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