MVIS-CryptoCompare Index
The MVIS CryptoCompare Digital Assets 10 Index has closed at 8,771.02 with a gain of 4.93% for the day.
See the live index here
Market Update
At the time of writing, the Bitcoin price is sitting at $9,937 representing a gain of 1% in the last 24 hours. More than $1.6B worth of BTC were exchanged in the BTC/USD market representing a 25% share of daily volume. The BTC/JPY pair that represents a 51.4% share.
The Ethereum price has dropped 2.3% over the past 24 hours and is currently sitting at $924, with over $400M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 29% market share of the daily trading volume.
See live charts here and here
Coinbase Develops a New Service For Merchants
San Francisco-based cryptocurrency exchange Coinbase has announced the development of a new service, named Coinbase Commerce, that aims to simplify the adoption, for merchants, of multiple cryptocurrencies (BTC, BCH, ETH and LTC) as payments for goods and services. Coinbase Commerce facilitates the acceptance of cryptocurrencies by monitoring, validating and confirming client transactions on each blockchain. The company also says that payments made from its customers are performed on-chain. The announcement reads:
"We’re excited to announce Coinbase Commerce, available today for merchants around the world. Merchants everywhere can use Coinbase Commerce to accept Bitcoin, Bitcoin Cash, Ethereum and Litecoin payments."
Read more here
CFTC Joins SEC In Warning Against Crypto Pump-and-Dump Schemes
The Commodity Futures Trading Commission (CFTC) issued a warning about cryptocurrency pump-and-dump schemes. The release, published Thursday, marks the latest investor warning from the U.S. commodities and derivatives regulator. Earlier this month, the agency put out an advisory that urged caution around investing in cryptocurrency retirement accounts. Other regulators, namely the Securities and Exchange Commission (SEC), have also sounded the alarm on pump-and-dump schemes, particularly around Initial Coin Offerings (ICOs). The CFTC wrote:
"Some pump and dumps use false news reports, typically about a famous high-tech business leader or investor who plans to pour millions of dollars into a small, lesser-known virtual currency or coin. Other fake news stories have featured major retailers, banks, or credit card companies, announcing plans to partner with one virtual currency or another. Links to the stories are also accompanied by posts that create false urgency and tell readers to buy now."