Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,957.68 yesterday at 5 pm (GMT) and has since increased 12.5%

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $5,022 representing a gain of 1.03% in the last 24 hours. More than $700M worth of BTC were exchanged in the BTC/USD market representing a 17.5% share of the global daily volume. The pair with most volume was the BTC/USDT with a 67.5% share.

The Ethereum price has dropped 3.31% over the past 24 hours and is currently sitting at $162, with over $280M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 8% market share of the daily trading volume. The largest ETH trading pair was the ETH/USDT with a 51% share.

See live charts here and here

SEC Issues Guidance to Determine If a Cryptoasset Is a Security

Yesterday, two employees of the U.S. Securities and Exchange Commission (SEC), Bill Hinman, Director of Division of Corporation Finance and Valerie Szczepanik, Senior Advisor for Digital Assets and Innovation, released a public statement, which is intended "to assist those seeking to comply with the U.S. federal securities laws".

The SEC’s Strategic Hub for Innovation and Financial Technology (FinHub), which is headed by Szczepanik, published a framework to "analyze whether a digital asset is offered and sold as an investment contract (security). Referring to the framework, the statement reads:

"It represents Staff views and is not a rule, regulation, or statement of the Commission. The Commission had neither approved nor disapproved its content."

Read more here

EU Blockchain Group Launches With SWIFT, Ripple Onboard

SWIFT, IBM, Ripple and around 100 other firms and organizations have joined a new blockchain association to promote adoption of the technology across the EU. The new group, called the International Association of Trusted Blockchain Applications (INATBA), was launched yesterday, in Brussels, Belgium.

The association plans to build a framework to encourage public and private sector collaboration, dialogue with regulators and policymakers and “legal predictability,” as well as ensure “integrity and transparency” in blockchain infrastructures. It will also develop guidelines and specifications for blockchain and distributed ledger-based applications.

Read more here

Jamaica Stock Exchange to Pilot Bitcoin and Ether Trading

The Jamaica Stock Exchange (JSE) is soon to trial Bitcoin and Ether trades with help from Canadian fintech firm Blockstation. Yesterday, the two firms jointly announced that they have entered an agreement to enable live trading of digital assets including security tokens in a “regulated and secured” environment. Marlene Street Forrest, the JSE’s managing director, said in the announcement:

“This is an unprecedented opportunity for the JSE to diversify its product offerings and attract new listings and inbound investments.”

Read more here

You’re invited! CryptoCompare Digital Asset Summit 2019

CryptoCompare Digital Asset Summit features one day of networking, partnership opportunities and expert talks on the latest trends in the industry, the increasing involvement of institutional investors, regulatory developments, and technical innovations. Delegates can look forward to a great wealth of quality talks and information shared by a stellar speaker line-up.

When: June 12, 2019

Where: 1 Old Billingsgate Walk, London EC3R 6DX, United Kingdom

Early Bird Tickets: https://summit.cryptocompare.com/

Prominent industry experts will be speaking at the event, including Andreas M. Antonopoulos as keynote speaker, Peter McCormack, host of "What Bitcoin Did" podcast, as MC, Gabor Gurbacs from VanEck, Zeeshan Feroz from Coinbase and many more.

Attendees can look forward to a great wealth of information, focusing on key trends for the digital asset space in 2019 including regulation, institutional investment, stablecoins, security tokens, crypto derivatives, and custody options.

In addition to networking, partnership opportunities and expert talks, delegates will have the chance to meet Andreas M. Antonopoulos - author of the best-selling Mastering Bitcoin, The Internet of Money Series and Mastering Ethereum - for a book signing session.

Get your Early Bird ticket today and save 50% on the general admission price. Offer expires soon!

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