Bitcoin updates
Market Analysis Report
11 March 2019
MVIS-CryptoCompare Index
The MVIS CryptoCompare Digital Assets 10 Index closed at 2,157.84 yesterday at 5 pm (GMT) and has since dropped 0.28%.
See the live index here
Market Update
At the time of writing, the Bitcoin price is sitting at $3,899 representing a loss of 0.58% in the last 24 hours. More than $80M worth of BTC were exchanged in the BTC/USD market representing a 5.6% share of the global daily volume. The BTC/JPY pair represents a 7% share.
The Ethereum price has dropped 1.34% over the past 24 hours and is currently sitting at $134, with over $30M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 2.6% market share of the daily trading volume.
See live charts here and here
Bitbond: Germany’s First Security Token Offering
Today at noon, cryptocurrency lending platform Bitbond will launch its Security Token Offering (STO), highlighting how regulators in Germany have paved the way for such token sales to make early inroads toward the mainstream in the nation. The company is excited to announce the Bitbond Security Token Offering, Germany’s first regulated STO. The prospectus has been approved by the German financial regulator BaFin, while the tokenized bond BB1 is issued on the Stellar blockchain and pays a fixed coupon of 4% per year and variable profit participation.
The offer period begins today, March 11th at noon. Early investors get significant discounts. Check out Bitbond STO here
Court Orders Bank to Return $330,000 to Cryptocurrency Exchange
A court in Brazil’s state of São Paulo has recently ordered Banco Santander to return over $335,000 to a local cryptocurrency exchange after it froze its account claiming its activities were incompatible with the bank’s policies. According to local news outlet Criptomoedas Fácil, adjudicator Daniela Menegatti Milano dismissed an appeal made by Banco Santander on a case brought forth by local cryptocurrency exchange Mercado Bitcoin, which saw the bank freeze its account with 1.3 million reals in it.
Per the news outlet, Santander froze Mercado Bitcoin’s account without giving the crypto firm a proper explanation, and when asked claimed its activities didn’t align with the bank’s policies. Mercado Bitcoin pursued legal action. The crypto exchange claimed the funds were improperly frozen and should either be returned or deposited on another account until the process was concluded. The court ruled in favour of Mercado Bitcoin:
"In light of what's exposed, I find justifiable the formulated requests, condemning the defendant to refund RS $1.350.733, fixed by the practical table of the court, plus interest of 1% per month. The defendant will support legal expenses set at 10% of the condemned value."
Read more here
U.S. Prosecutors Arrest Alleged OneCoin Leader
U.S. prosecutors in New York have arrested a top manager of the OneCoin project, stating it stole “billions” from investors through an alleged pyramid scheme. The U.S. Attorney for the Southern District of New York (SDNY) has indicted Ruja Ignatova and Konstantin Ignatov on charges of wire fraud, securities fraud and money laundering, claiming the two defrauded investors out of “billions of dollars” using a fraudulent cryptocurrency.
According to a press release, prosecutors are alleging that OneCoin is a pyramid scheme, where members receive commissions to recruit other individuals to the project. These recruits are required to purchase crypto packages, and OneCoin currently claims to have 3 million members worldwide. While OneCoin claims its tokens are mined by servers operated by the company and that its price growth is organic, neither of these are true, the release says.
Attorney Geoffrey Berman said “these defendants created a multibillion-dollar ‘cryptocurrency’ company based completely on lies and deceit,” adding:
“They promised big returns and minimal risk, but, as alleged, this business was a pyramid scheme based on smoke and mirrors more than zeroes and ones. Investors were victimized while the defendants got rich.”
Read more here
State of the Crypto
Bitcoin is down 0.58% at $3,899.980 with a volume of Ƀ21.1k - $82.7M on the USD pairs.
Ether is down 0.72% against Bitcoin at Ƀ0.03438 per Ether and down 1.34% against the dollar to $134.44 with average volume Ƀ142.8k on the ETH/BTC pair.
Litecoin is down 2.45% against the dollar for the day at $55.79 and down 2% to Ƀ0.01423 on volumes of Ƀ77.8k.
EOS is down 1.74% to Ƀ0.0009279 on Ƀ52.1k volume.
Ripple is up 0.21% to Ƀ0.00007967 with volumes of Ƀ26.7k and down 0.42% against the dollar at $0.3113.
Stellar is up 11.46% to Ƀ0.00002664 on Ƀ13.2k volume.
Zcash is down 0% for the day to Ƀ0.01279 per ZEC and down 0.82% against the dollar to $50.49 with an average volume of Ƀ11.7k for the 24 hour period.
Dash is up 0.19% at Ƀ0.0208 with Ƀ10.9k volume and down 0.36% against the dollar at $82.21.
Neo is down 1.82% for the day to Ƀ0.002211 per NEO and down 2.34% against the dollar to $8.76 with an average volume of Ƀ9.7k for the 24 hour period.
Bitcoin Cash is down 1.19% to Ƀ0.03319 with volumes of Ƀ8.2k and down 1.83% against the dollar at $129.22.
Ether Classic is up 1.48% to Ƀ0.001097 with volumes of Ƀ7.0k and up 0.7% against the dollar at $4.34.
Tron is down 0.17% to Ƀ0.00000575 on Ƀ6.8k volume.
Waves is down 0.38% to Ƀ0.0006874 on Ƀ2.6k volume.
Cardano is up 1.04% to Ƀ0.00001164 on Ƀ2.2k volume.
Monero is down 1.14% against the dollar at $49.48 and down 0.71% against Bitcoin at Ƀ0.01256 on volumes of Ƀ1.4k.
NEM is down 1.23% to Ƀ0.00001125 on Ƀ885.68 volume.
Stratis is up 1.53% to Ƀ0.0002249 on Ƀ624.646 volume.
Iota is down 0.53% to Ƀ0.00007136 on Ƀ410.169 volume