Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,169 yesterday at 5 pm (GMT) and has since dropped 4.8%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,858 representing a loss of 0.6% in the last 24 hours. More than $160M worth of BTC were exchanged in the BTC/USD market representing a 16.7% share of the global daily volume. The BTC/JPY pair represents a 12% share.

The Ethereum price has increased 2.4% over the past 24 hours and is currently sitting at $156, with over $130M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has an 11.6% market share of the daily trading volume.

See live charts here and here

BitTorrent Launching Its Own Cryptocurrency on the Tron Network

Yesterday, the Singapore-based BitTorrent foundation announced plans for the creation of its own cryptocurrency. The famous communication protocol for peer-to-peer (P2P) file sharing will have a new BitTorrent Token (BTT), which will run on the Tron network. BitTorrent was acquired by Tron in June of last year and counts with over 100 million users. Justin Sun, founder of Tron and CEO of BitTorrent, said in a press release:

“In one giant leap, we can introduce blockchain to hundreds of millions of users around the world and empower a new generation of content creators with the tools to distribute their content directly to others on the web.”

Read more here

Token Exchange to Enable Trading of Nasdaq-Listed Companies

Yesterday, DX.Exchange, a Nasdaq-powered crypto startup, shared plans to let its clients indirectly purchase shares of major firms through a token-based platform. The Estonia-based DX.Exchange also announced that the platform will start operating on Jan. 7. The COO of DX.Exchange, Amedeo Moscato, stated:

“Henceforth, when they become a token holder, they own stocks or portions of the company’s stock, as the tokens are backed 1:1 to the real-world stocks. That makes them entitled to the same cash dividends that the stocks are worth,” he explained"

Read more here

Overstock Will Be First Major Company to Pay State Taxes in Bitcoin

Yesterday, it was announced that online retail giant Overstock will become the first major US company to pay part of its 2019 Ohio state business taxes in bitcoin. Overstock, which has its own blockchain business division, said the move is part of its ongoing efforts to promote cryptocurrency use. Overstock CEO and founder Patrick Byrne praised Ohio for becoming the first US state to accept bitcoin for tax payments:

“We are proud to partner with forward-thinking governments and officials like Ohio and Treasurer Mandel to help usher in an era of trust through technology for our nation’s essential financial systems,”

Read more here

MiningSky

MiningSky is one of the few companies in the world to offer a whole infrastructure of products and services in mining. A legitimate company, with mining operations in both the U.S and Canada that are open to customers, MiningSky is setting a benchmark in the cloud mining industry.

The MiningSky.io cloud mining platform is now providing an irresistible deal, offering 2% of the world's bitcoin hash rate. Intuitive and easy to use, the platform allows you to mine both bitcoin and ethereum at competitive prices. It already counts with more than 400,000 active users and has an excellent customer service (support is available 18h daily).

Do not miss this chance to enter the mining business at attractive prices! Join the world’s leading cloud mining platform with an exclusive 10% discount! Use the “CRYPTOCOMPARE10” promo code when you purchase your first mining contract.