Market Analysis Report

15 February 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 1,946.96 yesterday at 5 pm (GMT) and has since increased by 0.97%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,605 representing a gain of 0.37% in the last 24 hours. More than $110M 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 increased 0.91% over the past 24 hours and is currently sitting at $123, with over $50M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 7% market share of the daily trading volume.

See live charts here and here

JPMorgan Chase Moves to Be First Big U.S. Bank With Its Own Cryptocurrency

Yesterday, JPMorgan became the first major United States bank to introduce its own digital token for real-world use, according to the New York Times. Umar Farooq, JPMorgan’s blockchain lead, said that the cryptocurrency is called JPM Coin and will be used to replacing wire transfers for international payments by large corporate clients and cutting settlement times from days to just moments. Furthermore, it will be used to provide instant settlement for securities issuance, as well as to replace U.S. dollars held internationally by subsidiaries of major corporations using JPMorgan’s treasury services. Umar Farooq said on an interview:

"So anything that currently exists in the world, as that moves onto the blockchain, this would be the payment leg for that transaction (...) The applications are frankly quite endless; anything, where you have a distributed ledger which involves corporations or institutions, can use this."

JPM Coin will initially run on top of Quorum, the private version of ethereum the bank developed in conjunction with EthLab.

Read more here

Signature Bank Is Moving Millions on a Dollar-Backed Cryptocurrency

A smaller New York bank, Signature Bank, has been using its blockchain-based system to move U.S dollars since the start of the year. Signature Bank’s Signet system has on-boarded more than 100 clients who are using it to send each other millions of dollars a day, 24/7, bank executives said. Joseph J. DePaolo, president and CEO at Signature Bank told to a crypto news outlet:

"We can say there are trades going on in the millions some days and tens of millions other days and I would say the number of clients we have is in the triple digits."

Read more here

Latest XRP Ledger Release Boosts Censorship Resistance

Yesterday, Ripple announced it has released the version 1.2.0 of XRP ledger. The new version introduces a number of changes, including making the network more resistant to censorship, meaning that no single entity can decide which transactions succeed or fail, and no one can alter a transaction after it is added to the ledger. Ripple explained:

"Already highly resistant to censorship attempts, with the release of version 1.2.0 of the XRP Ledger, servers now have the ability to automatically detect transaction censorship attempts and issue warnings of increasing severity for transactions that a server believes should have been included in a closed ledger after several rounds of consensus.”

Read more here

Have You Ever Encountered Hacking Damage on Exchanges?

In recent years, a large amount of money was invested in cryptocurrencies, and truly many exchanges were hacked. Every time they are hacked they lose assets, the stolen coins are sold in the market, and the economy of that coin is destroyed.

Hot wallet on exchanges is always open on the blockchain. Therefore, the risk of hacking increases as cryptocurrency is attracting again.

Is there a future that will put any practical use on that matter?

As a practical option, we need to promote decentralized exchanges where each customer manages assets. However, since DEX cannot take a transaction fee in terms of structure, development has not well progressed in many projects, and because it can trade any scam token, its desolated.

The RAIZER project has already completed its DEX which solved all the aforementioned problems, and now we will do the ICO of RAIZER token.

The RAIZER will distribute all the exchange fees to the token holders. Since the development team didn't take its own fee, their position will be equal to a token holder. Besides that, the RAIZER holder can recommend a token for listing on RAIZER DEX by locking the token. The action for the holder to maximize profit is listing a prospective token and exclude scams. So scam tokens cannot enter into RAIZER DEX.

The more prospective tokens, the more investors will get the valuable investment place, the more RAIZER token will be locked and value inflation is occurring.

We will continue to support startups in tokens one after another and evolve into a platform for entrepreneurship and investment that handles promising tokens around the world using side chains.

DEX will attract attention around the world in 2019. Let's make the future together.

For more information and get bounty please refer to Whitepaper or Discord.

Press Release

State of the Crypto

Bitcoin is up 0.37% at $3,605.650 with a volume of Ƀ31.3k - $112.5M on the USD pairs.

Ether is up 0.24% against Bitcoin at Ƀ0.03395 per Ether and up 0.91% against the dollar to $123.35 with average volume Ƀ66.9k on the ETH/BTC pair.

EOS is up 1.73% to Ƀ0.0007817 on Ƀ32.4k volume.

Litecoin is up 2.42% against the dollar for the day at $42.68 and up 1.82% to Ƀ0.01177 on volumes of Ƀ31.5k.

Ripple is up 0.2% to Ƀ0.00008385 with volumes of Ƀ21.8k and up 0.53% against the dollar at $0.3036.

Bitcoin Cash is up 0.15% to Ƀ0.03377 with volumes of Ƀ11.7k and up 0.55% against the dollar at $121.64.

Zcash is down 2.28% for the day to Ƀ0.01413 per ZEC and down 1.57% against the dollar to $51.94 with an average volume of Ƀ8.7k for the 24 hour period.

Dash is down 1.13% at Ƀ0.02178 with Ƀ6.8k volume and down 0.41% against the dollar at $80.03.

Ether Classic is down 0.18% to Ƀ0.001134 with volumes of Ƀ6.7k and up 0.48% against the dollar at $4.15.

Stellar is up 3.93% to Ƀ0.00002197 on Ƀ4.6k volume.

Tron is up 0.3% to Ƀ0.00000658 on Ƀ4.3k volume.

Neo is up 1.19% for the day to Ƀ0.002216 per NEO and up 1.87% against the dollar to $8.17 with an average volume of Ƀ2.6k for the 24 hour period.

Monero is up 0.02% against the dollar at $47.86 and down 0.53% against Bitcoin at Ƀ0.01309 on volumes of Ƀ2.5k.

NEM is up 5.13% to Ƀ0.00001188 on Ƀ1.9k volume.

Waves is down 1.68% to Ƀ0.0007412 on Ƀ1.5k volume.

Stratis is up 3.37% to Ƀ0.0002426 on Ƀ1.1k volume.

Cardano is down 0.18% to Ƀ0.00001128 on Ƀ972.95 volume.

Iota is down 0.25% to Ƀ0.00007434 on Ƀ351.695 volume.

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