Market Analysis Report

16 May 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 3,861.78 yesterday at 5 pm (GMT) and has since risen 3.19%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $8,028 representing a gain of 1.58% in the last 24 hours. More than 830M worth of BTC were exchanged in the BTC/USD market representing a 15% share of the global daily volume. The pair with most volume was the BTC/USDT with a 68.4% share.

The Ethereum price has risen 15.5% over the past 24 hours and is currently sitting at $262.6, with over $470M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has an 8.3% market share of the daily trading volume. The largest ETH trading pair was the ETH/USDT with a 43.1% share.

See live charts here and here

Opera Browser to Add Support for TRON Crypto Wallet

The popular Opera browser, which reportedly has over 300 million users, is reportedly soon adding support for TRON’s TRX on its crypto wallet, as part of a plan to support ‘multiple blockchains’ in the next 12 months.

According to a press release shared with CryptoGlobe, the integration is going to see Opera users be able to natively use TRON-powered decentralized applications (dApps) within the browser, and store TRX and TRC-standard tokens in the browser’s built-in cryptocurrency wallet. Commenting on the addition, TRON Foundation CEO Justin Sun stated:

"We are excited that Opera, a mainstream browser with hundreds of millions of users, will now seamlessly support TRX and other TRON tokens. Soon, Opera users will be able to use dApps on the TRON blockchain."

Read more here

Coinbase Custody Now Has $1 Billion of Crypto Under Management

Coinbase CEO Brian Armstrong said the exchange’s custody service, Coinbase Custody, has $1 billion in assets under management (AUM) in just 12 months after launch. Yesterday, in an on-stage discussion at CoinDesk’s Consensus 2019 event, Armstrong was asked by panel moderator and Wall Street Journal reporter Paul Vigna about the status of institutional involvement in the cryptocurrency industry. Armstrong replied:

“We launched our custody 12 months ago, we’ve just crossed $1 billion AUM or institutions, 70 institutions have signed up, adding about $150 million AUM a month, so, to a large degree that has been a success.”

Read more here

World’s Fifth-Largest Electrical Company Is Using an Ethereum Dapp

One of the world’s largest electrical companies is teaming up with ethereum app iExec on a new test. EDF, the fifth largest electrical utility company with a $33 billion market cap, has launched its visual simulator software GPUSPH on iExec, a decentralized application that operates on ethereum mainnet. With this, EDF can test how the program operates on a blockchain rather than a more normal computing environment.

Specifically, the simulator explores a field called “smoothed particle hydrodynamics” for modeling fluids. It’s technical in nature, but the general idea is that the GPUSPH application is useful for studying all sorts of things, like water dams, for example, or even lava cooling. EDF is trying to determine whether ethereum adds any benefits to the simulator, which typically runs on a GPU. As EDF blockchain engineer Gilles Deleuze told CoinDesk:

“In a wider perspective, development of distributed computing is a credible scenario for the future, and blockchain may be a nice lever in this scenario. So, let’s explore it.”

Read more here

Bitleex: The World’s First Cryptocurrency Trading Platform With Trust Management

As crypto exchanges see enormous volatility, there are many traders who are making a lot of money off the fluctuations.

These traders will be more than eager to make use of the various tools that Bitleex offers on its trading platform.  Trading pairs have been applied to some of the most prominent virtual currencies, and users have the ability to withdraw and deposit easily.

As is the case with traditional investments, there are always those who want to invest but are wary of the risks of losing their investments.

Bitleex  offers plans that are profitable for trust management. Professional traders are more than prepared to pay individuals interest every day on their investments.

Moreover, if users simply need an online cryptocurrency wallet, they can use Bitleex to store their digital assets. .

Another group of people who can make use of the Bitleex platform are those who lack the funds to trade.  Such users can earn interest on investments made by new customers that they invite to the exchange.

Bitleex also has a bounty program which rewards users for posts on social media, as well as rewards for pointing out vulnerabilities on the Bitleex site.

The Bitleex Platform

The Bitleex platform provides interest rates between three to four percent every day on business days. This percentage, however, relies on the accruals frequency on the individual’s balance.

These deposits will also be added to the interest payment.  With Bitleex, users don’t have to worry about the speed at which their withdrawals and deposits are processed.

Every operation on the Bitleex service is fast - taking only 1 to 2 minutes to process. If there are delays, they are likely the result of technical issues. If operations don’t perform as expected, contact support.

Read more here

Press Release

State of the Crypto

Bitcoin is up 1.58% at $8,028.730 with a volume of Ƀ103.4k - $837.6M on the USD pairs.

Ether is up 13.99% against Bitcoin at Ƀ0.03268 per Ether and up 15.5% against the dollar to $262.62 with average volume Ƀ238.7k on the ETH/BTC pair.

Litecoin is up 8.55% against the dollar for the day at $100.25 and up 6.85% to Ƀ0.01248 on volumes of Ƀ121.8k.

EOS is up 7.22% to Ƀ0.0008261 on Ƀ67.9k volume.

Ripple is up 4.1% to Ƀ0.00005564 with volumes of Ƀ58.6k and up 5.84% against the dollar at $0.4457.

Bitcoin Cash is up 8.06% to Ƀ0.05199 with volumes of Ƀ40.6k and up 10.28% against the dollar at $417.67.

Zcash is up 8.73% for the day to Ƀ0.009665 per ZEC and up 10.51% against the dollar to $77.37 with an average volume of Ƀ24.2k for the 24 hour period.

Neo is up 7.36% for the day to Ƀ0.001589 per NEO and up 9.11% against the dollar to $12.82 with an average volume of Ƀ19.9k for the 24 hour period.

Tron is up 8.78% to Ƀ0.00000384 on Ƀ19.4k volume.

Ether Classic is up 17.51% to Ƀ0.001002 with volumes of Ƀ17.1k and up 19.41% against the dollar at $8.06.

Stellar is up 22.55% to Ƀ0.00001842 on Ƀ13.1k volume.

Dash is up 9.39% at Ƀ0.01968 with Ƀ12.6k volume and up 8.34% against the dollar at $157.92.

Cardano is up 8.99% to Ƀ0.00001164 on Ƀ8.3k volume.

NEM is up 36.5% to Ƀ0.00001178 on Ƀ3.6k volume.

Waves is up 9.94% to Ƀ0.0003275 on Ƀ3.2k volume.

Monero is up 6.39% against the dollar at $91.04 and up 5.37% against Bitcoin at Ƀ0.01139 on volumes of Ƀ3.0k.

Iota is up 10.76% to Ƀ0.00005343 on Ƀ2.1k volume.

Stratis is up 10.38% to Ƀ0.0001223 on Ƀ441.874 volume.

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