Market Analysis Report 21.02.2018

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 9,250.01 with a gain of 0.88% for the day.

Market Update

At the time of writing, the Bitcoin price is sitting at $11,098 representing a loss of 2.4% in the last 24 hours. More than $1.8B worth of BTC were exchanged in the BTC/USD market representing a 27.6% share of the global daily volume. The BTC/JPY pair represents a 42.5% share.

Market Analysis Report 21.02.2018

The Ethereum price has dropped 5.4% over the past 24 hours and is currently sitting at $887, with over $400M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 29.5% market share of the daily trading volume.

Market Analysis Report 21.02


Venezuela Says Petro’s Pre-Sale Has Raised $735 Million

Venezuela has announced that the pre-sale of its oil-backed cryptocurrency, the Petro, has attracted $735 million on the first day. The government has also published a buyer’s manual and confirmed that buyers can use hard currencies and cryptocurrencies, but not bolivars. The Superintendent of Cryptocurrencies, Carlos Vargas, stated:

“The presale and the Initial Coin Offer will be made in hard currencies and cryptocurrencies, but not Bolivars. Our responsibility is to put the Petro in the best hands and then a secondary market will appear.”

 

South Korea to Support ‘Normal’ Crypto Trading

South Korea appears to be softening its stance on cryptocurrency trading. According to Yonhap News, Choe Heung-sik, governor of the Financial Supervisory Service, has said the government “will support cryptocurrency trading if normal transactions are made.” According to BusinessKorea, a government official involved with a virtual currency task force said:

“We are positively considering the adoption of an exchange approval system as the additional regulation on cryptocurrencies. We are most likely benchmark the model of the State of New York that gives a selective permission [for exchange operations].”

 

RMIT University Launches Australia’s First Blockchain Course

RMIT, an Australian public research university, has launched Australia’s first university Blockchain course, according to Business Insider Australia. The 8-week course, entitled “Developing Blockchain Strategy”, was designed by RMIT’s Blockchain Innovation Hub and partners with consulting firm Accenture and fintech hub Stone & Chalk. Jason Potts, the director of the Blockchain Innovation Hub, told Business Australia Insider:

“It’s one of those things where a whole lot of different technologies have come together to contribute to it working. Much of this course is designed to help executives and business leaders to understand not just how this new technology works, and understanding what’s actually behind it, but also how it reflects business models and business strategy.”

 


By Crypto Compare  Market Analysis Report 21.02.2018


 

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