Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 5,140.21 with a gain of 4.55% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $8,311 representing a gain of 4.03% in the last 24 hours. More than $1 B worth of BTC were exchanged in the BTC/USD market representing a 14.6% share of the global daily volume. The BTC/JPY pair represents a 56.2% share.

The Ethereum price has risen 1.56% over the past 24 hours and is currently sitting at $475, with over $150 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 13.6% market share of the daily trading volume.

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Bitcoin ETFs: SEC Postpones Decision on Direxion’s Proposals Until September

Yesterday, the US Securities and Exchange Commission (SEC) said that it has deferred its decision on approval for five bitcoin ETFs (Exchange Traded Funds) until September. The proposals, filed by Boston-based ETF provider Direxion Investments on January 4th comprise five applications: one for an ETF directly linked to BTC price, and four related to its price variation. The SEC's report explains:

"The commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change. Accordingly, the Commission designates September 21, 2018, as the date by which the Commission shall either approve or disapprove the proposed rule change."

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Binance Exchange Plans To Enter South Korea’s Cryptocurrency Markets

Last Saturday, during the Blockchain Partners Summit held in South Korea the cryptocurrency exchange, Binance, announced it is expanding its operations to the South Korean markets. According to Business Korea, the company is already in the process of hiring executives in South Korea and as part of its expansion efforts, the company plans to establish three to five local corporations this year.

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South Korean Mobile Telecom Giant Launches 2,500 Txns/s Commercial Blockchain

Yesterday, KT Corporation, formerly Korea Telecom,has reportedly launched a blockchain-based commercial network. According to the news outlet "The Korea Herald", KT Corp’s blockchain network will initially have the capacity to handle 2,500 transactions per second. However, before the end of 2018 is expected that the blockchain's capacity will have been quadrupled and will be able to handle 100,000 transactions per second. The head of Blockchain Center at the KT Institute of Convergence Technology, Seo Young-il, stated:

"The whole point of applying blockchain to networks is to address security and transaction issues by making the current networks more secure and trusted"

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Ledger - Keep your friends close and your coins closer!

The cryptocurrency world can be as dangerous as it is exciting. In the midst of all the hacks, phishing scams and other types of schemes, it can be hard to find a secure place to store your hard-earned cryptocurrencies. If you’re looking to get the best security the market has to offer, why not try the Ledger Nano S?

The Ledger Nano S is the most popular hardware wallet out there. It is a Bitcoin, Ethereum and Altcoins hardware wallet based on robust safety features for storing and sending cryptocurrencies. It connects to any computer (USB) and embeds a secure OLED display to double-check and confirm each transaction with a single tap on its side buttons.

The Ledger Nano S is the most secure way to store your coins. It ensures that your private keys can never be reached by hackers while also allowing you restore all your assets in case of theft or loss.

Buy The Ledger Nano S