Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 1,956.56 yesterday at 5 pm (GMT) and has since dropped 0.11%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,602 representing a loss of 0.38% in the last 24 hours. More than $120M worth of BTC were exchanged in the BTC/USD market representing a 12% share of the global daily volume. The BTC/JPY pair represents a 10% share.

The Ethereum price has dropped 0.78% over the past 24 hours and is currently sitting at $122, with over $50M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 6% market share of the daily trading volume.

See live charts here and here

Nasdaq to Add Bitcoin and Ethereum Indices to Global Data Service

Last Monday, the American stocks exchange, Nasdaq, announced that it has partnered with New Zealand-based blockchain data and research firm Brave New Coin to offer indices for bitcoin and ethereum on its global data service, Nasdaq Global Index Data ServiceSM (GIDS). The two indices will be the Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) and it's planned to start on the 25th of February. The firm explained:

"The BLX is one of the most widely-referenced BTC indices among crypto traders and has been calculated back to 2010. Likewise, the ELX has been calculated back to 2014."

Read more here

ETF Tied to Bitcoin Futures Withdrawn After SEC Staff Request

Reality Shares ETF Trusts, a division of Blockforce Capital, is withdrawing an exchange-traded fund proposal that would have included exposure to bitcoin futures, just a few days after the proposal made on last Monday. According to a note submitted to the SEC on Tuesday, the company withdrew its ETF proposal at the request of agency staffers, as explained:

"I can confirm that we did withdraw it and it was withdrawn because the staff are still taking the position that it’s not appropriate to file a registered 40 Act fund with cryptocurrency exposure at this time.”

Read more here

The Government of Seoul is Using a Public Blockchain in the Real-World

The government of Seoul is using ICON, the largest blockchain project in South Korea by valuation, to process information, issue documents, and conduct a wide range of administrative tasks according to the ICON Foundation. On the 8th of February, the Seoul Metropolitan Government moved forward with its plans to develop a blockchain ecosystem by creating the Seoul Blockchain Governance Team. A team that will be working to integrate blockchain applications created from the city-wide initiative into the core operating IT system of the government. J.H. Kim, a council member of the ICON Foundation and CEO of ICONLOOP, explained:

"We see this project as the first step in the adoption of ‘public blockchain’ extending from the current private blockchain usage by public agencies in South Korea. ICONLOOP will work closely with the city’s administrative services to realize the future where disruptive blockchain technology to underpin many aspects of our daily lives."

Read more here

Researchers Team up to Store at-risk Scientific Data on New Blockchain

Permanent on-chain storage platform Arweave has teamed up with Archive.Earth to challenge corporate influence and generational amnesia, by building an open system for storing critical environmental data. Today, important data can be deleted, overwritten, or redirected, without precautions that are beyond the awareness and technical ability of most people. However, Archive.Earth aims to preserve public knowledge by creating an independent, open-access digital portal for critical, at-risk information.

Read more here