Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,762.05 yesterday at 5 pm (GMT) and has since dropped 1.19%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $5,228 representing a gain of 2.89% in the last 24 hours. More than $230M worth of BTC were exchanged in the BTC/USD market representing a 12.3% share of the global daily volume. The pair with most volume was the BTC/USDT with a 74% share.

The Ethereum price has risen 2.3% over the past 24 hours and is currently sitting at $167, with over $60M 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. The largest ETH trading pair was the ETH/USDT with a 52% share.

See live charts here and here

CryptoCompare Publishes Monthly Exchange Review for March 2019

The March Exchange Review saw a 70% increase in volume from crypto to crypto exchanges compared to February, while those that offer fiat pairs decreased 8%.

As with previous reviews, it covers exchange rankings by volume; country analysis and predominant fee type model; derivatives and institutional products; fiat, bitcoin and stablecoin volumes. The review also looks at how volumes have developed historically for the top trans-fee mining and decentralised exchanges.

See highlights & full report »

Kraken Joins Binance and ShapeShift in Delisting Bitcoin SV

Yesterday, San Francisco-based exchange Kraken announced that it will no longer support Bitcoin SV, citing both community sentiment and ongoing litigation filed against the exchange by the coin’s advocates. The company will disable BSV deposits on April 22, trading will cease on all trading pairs on April 29 and, finally, withdrawals will stop May 31. The announcement reads:

"Over the last few months, the team behind Bitcoin SV have engaged in behaviour completely antithetical to everything we at Kraken and the wider crypto community stands for. It started with fraudulent claims, escalating to threats and legal action, with the BSV team suing a number of people speaking out against them. The threats made last week to individual members of the community were the last straw."

Read more here

eToro Launches Full Crypto Exchange and 8 Custom Stablecoins

The blockchain subsidiary of social investing platform eToro has launched a cryptocurrency exchange along with eight branded stablecoins. The new platform is being managed by eToroX, which is regulated by the Gibraltar Financial Services Commission, the firm announced yesterday.

Trading in six cryptocurrencies will be offered at launch: Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), XRP, Litecoin (LTC) and Dash. Also available will be 37 crypto-to-fiat pairs, for example, BTC/USD and XRP/GBP.

The firm is additionally issuing eToro-branded tokens pegged to eight fiat currencies, including the eToro United States dollar (USDEX), eToro Japanese yen (JPYX) and eToro Euro (EURX), with others available for pounds Sterling; Australian, Canadian and New Zealand dollars; and the Swiss franc. eToro CEO and co-founder, Yoni Assia, said:

“Just as eToro has opened up traditional markets for investors, we want to do the same in the tokenized world. […] Blockchain will eventually ‘eat’ traditional financial services through tokenization.”

Read more here

Start Crypto-summer Right - In Vibrant Tokyo With 2000 Likeminded

Did Cryptowinter hit you hard?

Tired of your grey town and boring fashion surrounding you?

Need some more inspiration after the ICO craze has faded away?

Or maybe just a good reason to go to Japan and karaoke for your life?

We got your back!

Join us on the 31st of May in Akihabara - the center of tech-enthusiasts, colorful cosplayers and some of the weirdest cafes you have ever experienced. Oh, and how do you justify that in front of your boss? No worries - we are here for you.

52 blockchain companies showcasing their skills, 80 blockchain funds enlightening us with their investment expertise, and over 2000 blockchain-enthusiasts to celebrate with you. Enjoy one day of quality networking, startups from all around the world and indulge in Japanese Friendliness.

And what would a blockchain conference be without a good afterparty? We will be offering an exclusive location with an amazing view where you can end the day in the heart of Tokyo with some lovely cocktails and your favorite blockchain-people.

Do you have your own blockchain startup? Amazing! If you want to show off your tech to the Japanese audience and investors - we are here for you. With our flexible sponsorship packages, we can accommodate your needs.

Don’t feel like hosting a booth? - Why not sweeten everyone's day with chocolate featuring your logo? Or for that matter, why not put your wallet address? ;)

What are you waiting for? Celebrate blockchain technology with us at the Japan Blockchain Techsummit on the 31st of May 2019 in Akihabara - Tokyo.

Any questions? Let us know!

Click here for more information!

Press Release

State of the Crypto

Bitcoin is up 2.89% at $5,228.070 with a volume of Ƀ45.0k - $233.3M on the USD pairs.

Ether is down 0.75% against Bitcoin at Ƀ0.03191 per Ether and up 2.3% against the dollar to $167.1 with average volume Ƀ83.9k on the ETH/BTC pair.

Litecoin is up 0.8% against the dollar for the day at $80.2 and down 2.04% to Ƀ0.01533 on volumes of Ƀ83.2k.

EOS is down 1.5% to Ƀ0.001048 on Ƀ56.3k volume.

Bitcoin Cash is down 4.27% to Ƀ0.05979 with volumes of Ƀ36.1k and down 1.88% against the dollar at $313.31.

Ripple is down 2.29% to Ƀ0.00006191 with volumes of Ƀ23.3k and up 0.56% against the dollar at $0.3237.

Tron is down 2.3% to Ƀ0.00000509 on Ƀ8.9k volume.

Dash is down 2.26% at Ƀ0.02295 with Ƀ8.4k volume and up 0.24% against the dollar at $120.05.

Ether Classic is down 1.89% to Ƀ0.001193 with volumes of Ƀ7.4k and up 1.3% against the dollar at $6.25.

Zcash is down 2.08% for the day to Ƀ0.01316 per ZEC and up 0.79% against the dollar to $69.06 with an average volume of Ƀ6.3k for the 24 hour period.

Neo is down 1.45% for the day to Ƀ0.0021 per NEO and up 1.47% against the dollar to $11.02 with an average volume of Ƀ5.3k for the 24 hour period.

Stellar is down 0.99% to Ƀ0.00002205 on Ƀ5.2k volume.

Monero is up 4.73% against the dollar at $68.22 and up 1.96% against Bitcoin at Ƀ0.01302 on volumes of Ƀ4.7k.

Cardano is down 1.8% to Ƀ0.00001583 on Ƀ2.5k volume.

Waves is down 1.06% to Ƀ0.0005133 on Ƀ1.3k volume.

Iota is down 4.02% to Ƀ0.00005852 on Ƀ808.628 volume.

NEM is down 1.71% to Ƀ0.00001265 on Ƀ591.661 volume.

Stratis is down 2.56% to Ƀ0.0002094 on Ƀ265.866 volume.
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