Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,879.60 yesterday at 5 pm (GMT) and has since dropped 1.37%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $5,249 representing a gain of 1.53% in the last 24 hours. More than $320M worth of BTC were exchanged in the BTC/USD market representing an 11.8% share of the global daily volume. The pair with most volume was the BTC/USDT with a 75.2% share.

The Ethereum price has risen 6.78% over the past 24 hours and is currently sitting at $180, with over $170M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 6.5% market share of the daily trading volume. The largest ETH trading pair was the ETH/USDT with a 51.5% share.

See live charts here and here

Former Employee Sues Kraken Over $900,000 Payment

Jonathan Silverman, a former Kraken employee hired in April of 2017, is reportedly suing the cryptocurrency exchange, as it allegedly failed to pay him for work he did for it. The lawsuit demands compensation of over $900,000. According to Bloomberg, Silverman managed Kraken’s institutional sales and trading desk in New York, and reportedly reached an agreement with the exchange’ s CEO, Jesse Powell, to be paid $150,000 in salary. It also involved an oral agreement, in which Powell allegedly agreed to pay him 10% of the desk’s annual profit.

Silverman alleges the trading desk made over $19 million in profit in three months back in 2017, and that he hasn’t received the 10% commission or any additional promised stock options. Christina Vee, a spokeswoman for Kraken, was quoted as saying:

"Silverman is both lying and in breach of his confidentiality agreement."

Read more here

Gas Giant Gazprom to Execute Business Contracts on a Blockchain

Russian state-owned gas giant Gazprom could soon to begin using blockchain to execute and monitor business contracts. The firm’s CEO, Alexey Miller, announced the news at a meeting with Russian prime minister Dmitry Medvedev last week, saying Gazprom is now “ready to start implementing the process” of digitizing the gas supply process using distributed ledger technology in its operations.

Miller explained that, alongside the state-owned Gazprombank (a Gazprom subsidiary and Russia’s third-largest bank)

"We have developed a prototype of a technological platform to automate the process of concluding, monitoring and executing contracts. This system also provides for automated arbitrage and calculation of payments for gas.”

Read more here

CME Bitcoin Futures Had a Record Trading Day

CME Group, the leading United States derivative market, pointed out that its Bitcoin (BTC) futures reported a record trading volume last Thursday, according to a recent official tweet. The tweet reads:

"CME Bitcoin futures had a record trading day on April 4, hitting an all-time high volume of over 22.5K contracts (112.7K equivalent Bitcoin), surpassing the previous record of over 18.3K (64.3K equivalent Bitcoin) on February 19."

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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Press Release

State of the Crypto

Bitcoin is up 1.53% at $5,249.640 with a volume of Ƀ62.3k - $325.1M on the USD pairs.

Ether is up 5.23% against Bitcoin at Ƀ0.03438 per Ether and up 6.78% against the dollar to $180.64 with average volume Ƀ159.3k on the ETH/BTC pair.

Litecoin is down 5.59% against the dollar for the day at $89.42 and down 6.89% to Ƀ0.01702 on volumes of Ƀ125.7k.

EOS is down 1.52% to Ƀ0.00104 on Ƀ67.4k volume.

Bitcoin Cash is down 1.93% to Ƀ0.05944 with volumes of Ƀ47.0k and down 0.48% against the dollar at $312.61.

Ether Classic is up 6.07% to Ƀ0.001398 with volumes of Ƀ37.3k and up 2.75% against the dollar at $7.46.

Ripple is down 2.06% to Ƀ0.0000683 with volumes of Ƀ32.9k and down 0.42% against the dollar at $0.3589.

Zcash is down 1.55% for the day to Ƀ0.01398 per ZEC and up 0.5% against the dollar to $73.95 with an average volume of Ƀ14.2k for the 24 hour period.

Tron is down 2.66% to Ƀ0.00000549 on Ƀ13.3k volume.

Dash is down 1% at Ƀ0.0258 with Ƀ9.6k volume and up 0.38% against the dollar at $135.83.

Neo is down 3.29% for the day to Ƀ0.002471 per NEO and down 1.81% against the dollar to $13 with an average volume of Ƀ9.4k for the 24 hour period.

Stellar is down 0% to Ƀ0.00002518 on Ƀ8.6k volume.

Cardano is down 4.48% to Ƀ0.00001684 on Ƀ6.6k volume.

Monero is up 2.62% against the dollar at $72.12 and up 1.26% against Bitcoin at Ƀ0.01369 on volumes of Ƀ4.8k.

Waves is down 5.62% to Ƀ0.0005693 on Ƀ1.8k volume.

Iota is down 3.91% to Ƀ0.0000678 on Ƀ1.4k volume.

NEM is up 2.33% to Ƀ0.00001406 on Ƀ929.133 volume.

Stratis is up 4.98% to Ƀ0.000238 on Ƀ633.364 volume.
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