Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 6,241.46 with a loss of 1.43% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $7,950 representing a gain of 19% in the last 24 hours. More than $2.6B worth of BTC were exchanged in the BTC/USD market representing a 35% share of daily volume. The BTC/JPY pair that represents a 39% share.

The Ethereum price has risen by 24% over the past 24 hours and is currently sitting at $798, with over $1.15B worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 42% market share of the daily trading volume.

See live charts here and here

SEC Wants the Government to Regulate ICOs & Cryptocurrencies

Testifying before members of the Senate Banking, Housing and Urban Affairs Committee on Tuesday morning, Securities and Exchange Commission chairman, Jay Clayton, stated that cryptocurrency markets in the US require a coordinated regulatory scheme and that the feds may need more power to enforce the rules. Clayton stated:

"I'm not happy that people are conducting ICOs when they should know they should follow the private placement rules. I want to go back to separating ICOs and cryptocurrencies. ICOs that are securities offerings, we should regulate them like we regulate securities offerings. End of story."

Read more here

Coinbase Is Adding Segwit Support

Coinbase has announced that it will add Segwit support to its bitcoin wallets. The much anticipated and long overdue move will go some way towards reducing transaction fees for users of Coinbase and GDAX, assuming it follows suit. Coinbase has come in for repeated criticism over the inefficient way it handles bitcoin transactions, costing itself, and ultimately its users, unnecessary fees. In a recent tweet, the company stated:

“Our engineering team has begun the final testing phase of SegWit for Bitcoin on Coinbase. SegWit compatible Bitcoin sends/receives will be available for customers in the next few weeks.”

Read more here

Venezuela Invites OPEC Countries to Jointly Develop Petro

Venezuela’s president Nicolas Maduro has invited all OPEC nations to jointly develop a platform for the trading of oil-backed cryptocurrencies. Venezuela is preparing for a pre-sale of the petro, its oil-backed cryptocurrency which can be used to pay national taxes, fees, and public services. Maduro announced and extended the invitation to non-OPEC countries, saying:

"I will officially propose to the OPEC and non-OPEC countries that we adopt a joint cryptocurrency mechanism backed by oil."

Read more here

Solar DAO will NOT RUN the ICO!

But, why?

1. Pre-ICO raised funds are enough for the first PV solar plants construction.

2. The project also has already attracted funds from institutional investors for further implementation of the main goals and PVS capacity growth.

So?

- No additional SDAO tokens! No Token Sale! Only 1'172'767 SDAO!

- According to the founders’ estimation, only about 20% of tokens are in circulation.

- The next step is the PV solar plants construction in March 2018.

More: https://medium.com/solardao/ico-kyc-pvs-adv-ama-ufo-and-other-strange-words-a6894f5771b3 

SDAO tokens: https://yobit.net/en/trade/SDAO/BTC

Chat with Solar DAO: https://t.me/solardao

Solar DAO — 1st tokenized fund on Ethereum blockchain designed to fund PV solar plants across the globe. With SDAO tokens, everyone can take part in solar plants construction. Get and own solar assets freely and easily.

Solar DAO launched in November 2016 and has already achieved great success. The fund-raising phase began in July 2017. Totally $448k raised. Recently Team reported that they raised $8M in preliminary commitments.

Everyone can still get SDAO tokens: https://yobit.net/en/trade/SDAO/BTC

Recently Added:

GMR added to Ongoing ICO list

CUZ added to Ongoing ICO list