Market Analysis Report

15 April 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,747.76 yesterday at 5 pm (GMT) and has since risen 0.46%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $5,167 representing a gain of 1.88% in the last 24 hours. More than $110M worth of BTC were exchanged in the BTC/USD market representing an 8% share of the global daily volume. The pair with most volume was the BTC/USDT with an 80% share.

The Ethereum price has risen 2.83% over the past 24 hours and is currently sitting at $168, with over $50M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 4.5% market share of the daily trading volume. The largest ETH trading pair was the ETH/USDT with a 52% share.

See live charts here and here

Binance Labs Grants $45,000 to 3 Open-Source Blockchain Startups

Binance Labs, the investment division of cryptocurrency exchange Binance, has awarded grants of $15,000 each to three startups developing open-source blockchain technologies. Receiving the grants are Ironbelly, a mobile wallet for the Grin/Mimblewimble blockchain; HOPR, privacy-preserving messaging protocol; and Kitsune Wallet, an upgradeable on-chain wallet. The three startups are now the first “fellows” of Binance Labs’s Fellowship program, which funds and supports early-stage open-source development projects. Binance Labs director, Flora Sun, stated:

"Innovation requires an engaged community of developers and entrepreneurs who imagine ideas and create new projects to bring products to market. Our part is to support early-stage projects that are helping to create the building blocks and infrastructure for larger utility and enabling growth in the blockchain market.”

Read more here 

IMF and World Bank Launch Private Blockchain To Explore Tech

The International Monetary Fund (IMF) and the World Bank have jointly launched a private blockchain and a cryptocurrency, the Financial Times (FT) reported last Friday. According to the report, the asset called “Learning Coin” will be accessible only within the IMF and World Bank and has no monetary value. As the FT has learned, “Learning Coin” was launched in order to better understand the technologies that underlie crypto assets. Its app will serve as a hub where blogs, research, videos and presentations are stored. Per the IMF, the banks and regulators across the world have to catch up with crypto technologies that are rapidly developing. The FT quotes the IMF as saying:

“The development of crypto-assets and distributed ledger technology is evolving rapidly, as is the amount of information (both neutral and vested) surrounding it. This is forcing central banks, regulators and financial institutions to recognize a growing knowledge gap between the legislators, policymakers, economists and the technology.”

Read more here

Indian Banks Consider Promoting Blockchain Tech Use for Payments

The National Payments Corporation of India (NPCI) is considering implementing blockchain technology to increase the strength of digital transactions, Indian business magazine Business Today reported yesterday. The initiative of ten banks, under the aegis of the Indian Banks’ Association (IBA), aims to improve the NPCI by implementing distributed ledger technology, the publication underlines. The article states:

"NPCI intends to develop a resilient, real-time and highly scalable blockchain solution. It is proposed to develop this solution using an open source technology/ framework/solution."

Read more here

Last chance to save 50% on CryptoCompare Digital Asset Summit tickets

Tickets for the CryptoCompare Digital Asset Summit are set to increase to full price, so take advantage of the Early Bird discount and save £150 if you register before midnight. 

Why join us

  1. Come and see world-renowned speakers and panelists including keynote Andreas M. Antonopoulos - best-selling author, speaker, educator, and one of the world’s foremost bitcoin and open blockchain experts, Peter McCormack - host of What Bitcoin Did podcast, Meltem Demirors - Chief Strategy Officer at CoinShares, Gabor Gurbacs - Director, Digital Assets Strategy at VanEck and many more.
  2. Meet representatives from major institutions, get to know like-minded individuals and hang out with the CryptoCompare team. Whether you’re looking for knowledge, connections, or business opportunities, you’ll leave this conference with a network that will last you long after the summit is over.
  3. Meet Andreas M. Antonopoulos - author of the best-selling Mastering Bitcoin, The Internet of Money Series and Mastering Ethereum - for a book signing session.

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Offer ends at midnight!

Press Release

State of the Crypto

Bitcoin is up 1.88% at $5,167.890 with a volume of Ƀ22.3k - $114.5M on the USD pairs.

Litecoin is up 7.28% against the dollar for the day at $83 and up 5.45% to Ƀ0.01606 on volumes of Ƀ97.6k.

Ether is up 1.06% against Bitcoin at Ƀ0.03252 per Ether and up 2.83% against the dollar to $168.17 with average volume Ƀ79.3k on the ETH/BTC pair.

EOS is up 2.48% to Ƀ0.001074 on Ƀ64.6k volume.

Bitcoin Cash is up 15.24% to Ƀ0.063 with volumes of Ƀ26.8k and up 7.68% against the dollar at $299.34.

Ripple is down 1.09% to Ƀ0.00006353 with volumes of Ƀ20.7k and up 0.89% against the dollar at $0.3284.

Ether Classic is up 1.38% to Ƀ0.001249 with volumes of Ƀ14.4k and up 3.85% against the dollar at $6.48.

Tron is up 0.96% to Ƀ0.00000524 on Ƀ11.8k volume.

Dash is up 1.1% at Ƀ0.02398 with Ƀ10.9k volume and up 3.19% against the dollar at $123.98.

Stellar is up 0.62% to Ƀ0.00002276 on Ƀ7.1k volume.

Zcash is up 1.42% for the day to Ƀ0.0136 per ZEC and up 2.84% against the dollar to $70.34 with an average volume of Ƀ6.9k for the 24 hour period.

Neo is up 0.55% for the day to Ƀ0.002179 per NEO and up 2.54% against the dollar to $11.29 with an average volume of Ƀ6.9k for the 24 hour period.

Monero is up 3.06% against the dollar at $66.41 and up 1.41% against Bitcoin at Ƀ0.01295 on volumes of Ƀ5.2k.

Cardano is up 0.49% to Ƀ0.00001631 on Ƀ2.8k volume.

Waves is up 3.44% to Ƀ0.0005412 on Ƀ1.8k volume.

Iota is down 0.3% to Ƀ0.00006056 on Ƀ798.845 volume.

NEM is up 1.08% to Ƀ0.00001315 on Ƀ488.385 volume.

Stratis is up 1.53% to Ƀ0.0002195 on Ƀ292.311 volume.

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