Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 3,635.42 yesterday at 5 pm (GMT) and has since dropped 0.43%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,748 representing a gain of 4.44% in the last 24 hours. More than $370 M worth of BTC were exchanged in the BTC/USD market representing a 24% share of the global daily volume. The BTC/JPY pair represents a 12% share.

The Ethereum price has increased 7.94% over the past 24 hours and is currently sitting at $230, with over $180 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 18% market share of the daily trading volume.

See live charts here and here

U.S. SEC Files Charges Against 1pool Ltd

Yesterday, the U.S. Securities and Exchange Commission (SEC) announced via a press release that it had filed charges against a Marshall Islands-registered securities dealer 1pool Ltd (also known as 1Broker) and CEO Patrick Brunner for "allegedly violating the federal securities laws in connection with security-based swaps funded with bitcoins". The SEC's complaint triggered a response from 1Broker's on Twitter:

"Statement regarding the SEC allegation: All funds are currently secure and we will fully cooperate with the authorities. If approved by the SEC, we will enable withdrawals for US customers as soon as possible. A more detailed statement will follow."

Read more here

BitForex Says It Will Soon End Transaction Fee Mining

Yesterday, BitForex, the world's largest crypto exchange by 'reported' trading volume, announced that it was soon going to end its highly controversial policy of supporting trade mining (also known as "transaction fee mining"). With transaction fee mining, the aforementioned business model is reversed in the sense that the exchange refunds the transaction fee back to the trader in the form of the exchange's native token. BitForex stated: 

"Also, BitForex will put 80% of trade-mining fees into BF token buy-back in platform income distribution mechanism."

Read more here

Coinbase Announces Coinbase Bundle

Cryptocurrency exchange Coinbase has announced "Coinbase Bundle". The new feature allows users to buy all five available cryptocurrencies with just one purchase. Those who choose to buy the Bundle will be buying a mixture of each currency in proportion to their USD market capitalization at purchase time. A Bundle is made up of Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ethereum Classic. The company stated on their Twitter: 

"We’re rolling out a suite of new features to help people understand, explore, and buy their first cryptocurrency. Learn more about Coinbase Bundle, Coinbase Asset Pages, and Coinbase (...)"

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)