Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,114.58 yesterday at 5 pm (GMT) and has since increased 1.01%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,846 representing a loss of 0.18% in the last 24 hours. More than $160M 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 9% share.

The Ethereum price has dropped 0.11% over the past 24 hours and is currently sitting at $137, with over $70M 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

Regular Retail Investors Can Now Trade XRP on Coinbase

Yesterday, Coinbase announced that its customers could now "buy, sell, convert, send, receive, or store XRP" on Coinbase Consumer (Coinbase.com) and on the Coinbase mobile app for iOS and Android. Coinbase's blog post advises that "inbound transfers and many sends require the specification of an XRP destination tag."

Although XRP trading should be possible for users in most of the jurisdictions served by Coinbase, most likely due to regulatory reasons, it will not initially be available for residents of the United Kingdom or the state of New York. The blog post reads:

"XRP will be available for customers in most jurisdictions, but will not initially be available for residents of the United Kingdom or the state of New York."

Read more here

Kraken Offers $100,000 Reward for QuadrigaCX’s Missing Funds

Yesterday, cryptocurrency exchange Kraken has posted a $100,000 reward for the discovery of the major Canadian crypto exchange QuadrigaCX’s missing funds. Quadriga purportedly only has CA$375,000 ($286,000) in cash, while it owes CA$260 million ($198,435,000) to its users. Facing insolvency, the exchange has sought creditor protection in a Canadian court.

Now, Kraken is offering up to $100,000 in either fiat or digital currency as a reward for tips that could lead to the discovery of the missing assets. Kraken notes in the announcement that it may end the reward program at any point in time. The announcement reads:

“All leads collected by Kraken will be provided to the FBI [Federal Bureau of Investigaion], RCMP [Royal Canadian Mounted Police] or other law enforcement authorities, who have an active interest in this case."

Read more here

Constantinople & St.Petersburg Out on Ethereum's Main Network

Two long-anticipated upgrades appear to be been activated on the Ethereum blockchain. Yesterday, at 19:57 (UTC), the sixth and seventh system-wide upgrades to the software, dubbed Constantinople and St. Petersburg, respectively, rolled out on the main network at block number 7,280,000.

There is so far no evidence of a chain split that would suggest a portion of ethereum users are still running an older ethereum software. With the release of Constantinople and St. Petersberg, four different ethereum improvement proposals (EIPs) have been officially activated on the ethereum network.

Read more here