Market Analysis Report

12 April 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,730.00 yesterday at 5 pm (GMT) and has since dropped 0.27%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $5,043 representing a loss of 3.06% in the last 24 hours. More than $320M worth of BTC were exchanged in the BTC/USD market representing a 12% share of the global daily volume. The BTC/EUR pair represents a 2% share.

The Ethereum price has dropped 3.14% over the past 24 hours and is currently sitting at $164, with over $110M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 5% market share of the daily trading volume.

See live charts here and here

Trade Organization ICC Eyes Blockchain Adoption

The International Chamber of Commerce (ICC) is making blockchain technology available to its 45 million members, including Amazon, Coca Cola, FedEx, McDonald’s and PayPal. The ICC has partnered with Singapore-based blockchain startup Perlin to improve supply chain processes at member firms, making them more traceable and transparent, as announced yesterday. On the other hand, Perlin will offer free access to its blockchain platform during the early stages of the project, and will focus on “practical, efficient and scalable blockchain traceability and transparency systems for value chains". John Denton, secretary general of the ICC, said:

"In collaboration with Perlin, which leads the field in blockchain and distributed ledger development, we can help facilitate practical and truly disruptive transformation for businesses across every conceivable industry sector.”

Read more here

Binance Partners With CipherTrace to Enhance AML

Cryptocurrency exchange Binance has partnered with blockchain analytics company CipherTrace to enhance its Anti-Money Laundering (AML) measures. On a blog post posted yesterday, Binance announced the partnership with CipherTrace, a company that develops cryptocurrency Anti-Money Laundering, cryptocurrency forensics, and regulatory monitoring solutions. As the announcement reads, the partnership goal is to reinforce Binance existing AML compliance program and help them expand into new markets in the most compliant fashion. Samuel Lim, Chief Compliance Officer of Binance, stated:

"The selection of CipherTrace as our on-chain security solution will augment our expansion drive and build greater trust among our users, regulators and financial institutions. This partnership will bolster our existing world-class AML compliance program and help us expand into new markets in the most compliant fashion.”

Read more here

World's First Smart Contract Firewall for EOS Launched By SlowMist

Developers of EOSIO, a blockchain protocol powered by the native cryptocurrency EOS, have recently published a blog post revealing that they aim to implement the "world’s first firewall” system for smart contracts, FireWall.X. According to the blog post, FireWall.X was developed by SlowMist Technology Co to ensure the security of all EOS-based decentralized applications (dApps) in a manner that is “similar to traditional firewalls for operating systems which control network traffic.” FireWall.X has also the ability to “execute control over inline actions” while “preventing unauthorized access” to EOS-based smart contracts.

Read more here

3 days left for Early Bird tickets at the CryptoCompare Digital Asset Summit

The CryptoCompare Digital Asset Summit is coming along nicely with more great speakers joining. The newly announced speakers include Meltem Demirors - Chief Strategy Officer at CoinShares, Martin Etheridge - Head of Notes Operations at The Bank of England, Jemima Kelly - FT Alphaville Reporter at Financial Times, Josh Goodbody - General Counsel at Huobi and Kevin Beardsley - Head of Business Development at Elwood Asset Management.

The speakers join confirmed keynote Andreas M. Antonopoulos - best-selling author, speaker, educator, and one of the world’s foremost bitcoin and open blockchain experts, Peter McCormack - the renowned host of What Bitcoin Did podcast, Gabor Gurbacs - Director, Digital Assets Strategy at VanEck, and many more.

What to be excited about?

Exclusive panels and presentations providing insights into:

  • The upcoming regulatory developments in the UK
  • The future of stablecoins
  • Opportunities and challenges for traditional financial institutions
  • Crypto derivatives and exchange-traded products
  • Exchange market integrity and consumer protection.

You will have the opportunity 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.

Join us and meet top-tier speakers and industry professionals who will explore the direction of the cryptoasset industry and its emergence into traditional finance.

Only 3 days left for Early Bird tickets - 50% off until 15 April!

BUY TICKETS »

Press Release

State of the Crypto

Bitcoin is down 3.06% at $5,043.790 with a volume of Ƀ64.3k - $324.3M on the USD pairs.

Ether is down 0.21% against Bitcoin at Ƀ0.03262 per Ether and down 3.14% against the dollar to $164.65 with average volume Ƀ130.7k on the ETH/BTC pair.

Litecoin is down 3.97% against the dollar for the day at $78.19 and down 0.96% to Ƀ0.01549 on volumes of Ƀ114.6k.

EOS is down 2.22% to Ƀ0.001056 on Ƀ80.5k volume.

Bitcoin Cash is down 1.11% to Ƀ0.05341 with volumes of Ƀ32.8k and down 4.01% against the dollar at $269.84.

Ripple is down 1.28% to Ƀ0.00006398 with volumes of Ƀ29.8k and down 4.5% against the dollar at $0.3225.

Tron is down 1.33% to Ƀ0.00000519 on Ƀ15.3k volume.

Ether Classic is down 3.61% to Ƀ0.001227 with volumes of Ƀ13.1k and down 6.78% against the dollar at $6.19.

Zcash is up 4.77% for the day to Ƀ0.01383 per ZEC and up 1.65% against the dollar to $69.79 with an average volume of Ƀ11.0k for the 24 hour period.

Neo is down 0.99% for the day to Ƀ0.002202 per NEO and down 3.29% against the dollar to $11.16 with an average volume of Ƀ9.4k for the 24 hour period.

Dash is down 1.16% at Ƀ0.02386 with Ƀ8.7k volume and down 3.85% against the dollar at $120.24.

Waves is up 1.2% to Ƀ0.0005131 on Ƀ7.6k volume.

Cardano is down 1.16% to Ƀ0.00001626 on Ƀ7.1k volume.

Stellar is down 1.63% to Ƀ0.00002231 on Ƀ6.3k volume.

Monero is down 0.99% against the dollar at $66.76 and up 1.46% against Bitcoin at Ƀ0.01321 on volumes of Ƀ5.7k.

NEM is down 3.64% to Ƀ0.00001269 on Ƀ714.291 volume.

Iota is down 0.76% to Ƀ0.00006285 on Ƀ596.386 volume.

Stratis is down 0.98% to Ƀ0.0002227 on Ƀ552.193 volume.

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