Market Analysis Report

18 April 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,812.45 yesterday at 5 pm (GMT) and has since risen 1.82%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $5,274 representing a gain of 0.94% in the last 24 hours. More than $180M worth of BTC were exchanged in the BTC/USD market representing an 8.5% share of the global daily volume. The pair with most volume was the BTC/USDT with an 80.7% share.

The Ethereum price has risen 3.2% over the past 24 hours and is currently sitting at $172, with over $80M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 5.5% 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

Japan To Require Crypto Exchanges To Bolster Internal Oversight

Japan’s financial regulator will require cryptocurrency exchanges to strengthen internal oversight of the so-called “cold wallets” used to store digital money, according to a Reuters report published yesterday.

According to the report, the move by the Financial Services Agency (FSA) highlights the difficulties in ensuring the security of virtual currencies, as well as the broader risks for Japan as it aims to leverage the fintech industry to stimulate economic growth.

Read more here

Binance’s Singapore Fiat-to-Bitcoin Exchange Is Launching Next Week

Cryptocurrency exchange giant Binance will launch its new fiat-to-crypto platform in Singapore next week, Binance's Chief Financial Officer said.

CEO Changpeng “CZ” Zhao announced in early April that the Singapore fiat “on-ramp” would be coming sometime this month, but Binance's CFO, Wei Zhou, gave a more precise timeframe:

“Next week we are going to launch the Singapore simple buy/sell on-ramp. It will actually be a new product we are launching, as a very easy buy/sell platform so users in Singapore can buy and sell Bitcoin with Singapore dollars.”

Read more here

Coinbase Expands Crypto-to-Crypto Trading to 11 More Countries

Yesterday, Coinbase announced, via an official blog post, that it was making its crypto-to-crypto services available to 11 more countries via its Coinbase Consumer and Coinbase Pro platforms. The eleven countries are Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines and New Zealand. The announcement reads:

"Today we’re excited to welcome 11 more countries across Latin America and Southeast Asia to the crypto-economy by allowing customers to store, trade, send, and receive cryptocurrencies on Coinbase Pro and Coinbase.com — increasing the reach to 53 countries, spread across four continents."

Read more here

Hang out with the CryptoCompare team at the Digital Asset Summit

The list of speakers is growing for the CryptoCompare Digital Asset Summit, the latest addition being our Chief Product Officer, Quynh Tran-Thanh, who will be talking about crypto indices and data products.

The summit features one day of expert talks and panels exploring the direction of the digital asset industry and its emergence into traditional finance.

The summit hosts 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.

An exclusive regulatory panel featuring speakers from the Bank of England, Financial Conduct Authority (FCA), and HM Treasury will provide insights into the upcoming regulatory developments.

Delegates will also 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.

Book tickets »

Press Release

State of the Crypto

Bitcoin is up 0.94% at $5,274.250 with a volume of Ƀ34.8k - $182.2M on the USD pairs.

Ether is up 2.22% against Bitcoin at Ƀ0.03263 per Ether and up 3.2% against the dollar to $172.4 with average volume Ƀ99.6k on the ETH/BTC pair.

Litecoin is up 1.16% against the dollar for the day at $81.15 and up 0.2% to Ƀ0.01537 on volumes of Ƀ85.4k.

EOS is down 0.76% to Ƀ0.001042 on Ƀ56.5k volume.

Bitcoin Cash is down 1.97% to Ƀ0.0588 with volumes of Ƀ32.5k and down 1.14% against the dollar at $310.31.

Ripple is up 4.54% to Ƀ0.00006477 with volumes of Ƀ31.2k and up 5.58% against the dollar at $0.3422.

Tron is up 0.79% to Ƀ0.00000513 on Ƀ12.5k volume.

Ether Classic is up 0.25% to Ƀ0.001196 with volumes of Ƀ12.3k and up 0.96% against the dollar at $6.3.

Dash is up 2.05% at Ƀ0.02342 with Ƀ10.9k volume and up 2.28% against the dollar at $123.12.

Zcash is up 2.35% for the day to Ƀ0.01348 per ZEC and up 3.15% against the dollar to $71.33 with an average volume of Ƀ8.1k for the 24 hour period.

Neo is up 1.81% for the day to Ƀ0.002138 per NEO and up 3.09% against the dollar to $11.36 with an average volume of Ƀ6.9k for the 24 hour period.

Stellar is up 1.54% to Ƀ0.00002238 on Ƀ5.8k volume.

Monero is up 0.41% against the dollar at $68.63 and down 0.38% against Bitcoin at Ƀ0.01297 on volumes of Ƀ5.4k.

Cardano is down 0.44% to Ƀ0.00001576 on Ƀ3.0k volume.

Waves is up 0.29% to Ƀ0.0005147 on Ƀ1.4k volume.

Iota is up 1.06% to Ƀ0.00005926 on Ƀ770.718 volume.

NEM is down 2.37% to Ƀ0.00001236 on Ƀ737.942 volume.

Stratis is up 0.05% to Ƀ0.0002094 on Ƀ255.179 volume.

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