Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,279 yesterday at 5 pm (GMT) and has since increased by 7.4%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,891 representing a gain of 0.9% in the last 24 hours. More than $210M worth of BTC were exchanged in the BTC/USD market representing a 16.1% share of the global daily volume. The BTC/JPY pair represents an 11.2% share.

The Ethereum price has increased by 2.9% over the past 24 hours and is currently sitting at $152, with over $150M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has an 11.7% market share of the daily trading volume.

See live charts here and here

New York Forms Blockchain Study Task Force

Yesterday, the New York State officially announced the launch of a cryptocurrency task force. The purpose is to help the state understand cryptocurrencies and blockchain technology. According to a New York State representative:

“The task force of experts will help us strike the balance between having a robust blockchain industry and cryptocurrency economic environment while at the same time protecting New York investors and consumers.”

Read more here

Bitcoin Cash: Single Mining Pool Controls 50% of Hashrate

Yesterday, it was reported that Bitcoin Cash mining is becoming increasingly centralized. According to data from Coin Dance, a Chinese mining pool, BTC.TOP, is currently controlling half of the Bitcoin Cash network hashrate. The identity division chief at Microsoft, Alex Simons, had already warned that increasing block size could threaten decentralization:

“While some blockchain communities have increased on-chain transaction capacity (e.g. block size increases), this approach generally degrades the decentralized state of the network and cannot reach the millions of transactions per second the system would generate at world-scale,” 

Read more here

Iran Warns Citizens Against Using Telegram’s Cryptocurrency, Gram

Today, the Iranian government announced that it will be a crime to use Gram, the native token of the new Telegram blockchain. A representative from Iran’s Secretary of Criminal Content Definition Task Force has issued a warning, stating that anyone who supports the Telegram crypto project will be accused of breaching national security and disrupting the country's economy:

"One of the most important factors in banning Telegram was a sense of serious economic threat from its activities, which was unfortunately marginalized and neglected due to the fuss in the political atmosphere of the country."

Read more here

EnjinX: World’s Fastest Ethereum Explorer

Today, Enjin, an Ethereum development team, announced the release of EnjinX, an ad-free blockchain explorer designed to make Ethereum data more accessible to mainstream markets. By delivering a Google-like experience, the new blockchain search engine provides users with an intuitive way to search transactions, tokens, and addresses. It features a clean and intuitive interface, providing traders, gamers, and token holders a simple way to explore the Ethereum blockchain.

Featured on Product Hunt, EnjinX is the world’s fastest Ethereum explorer by up to 30 seconds. It delivers blocks in real-time and even displays live tickers for pending and internal transactions. To protect users from cluttered messaging and promotional fatigue, Enjin has pledged to keep EnjinX ad-free permanently. Rather than taking advantage of user attention, the team plans to generate revenue by offering robust developer APIs and blockchain integration tools that further boost adoption of the Ethereum Network.

EnjinX’s real-time token index delivers the latest data for the top 200 tokens, making it the best place to view current prices, volumes, and market caps for ERC-20 tokens. The innovative explorer also features human-friendly address labels that attach names to well-known blockchain addresses, making browsing, searching, and contextual research even easier.

Optimized for smartphones and tablets, the new “Google search of blockchain” offers a personalized experience that allows users to choose between different themes, night and day modes, and currencies. The platform also supports over 20 languages, so users from across the world can explore Ethereum in English, Chinese, Spanish, Korean, and even Pirate English.