MVIS-CryptoCompare Index:
The MVIS CryptoCompare Digital Assets 10 Index has closed at 12,787.41 with a loss of 6.49% for the day.
See the live index here https://www.mvis-indices.com/indices/digital-assets/mvis-cryptocompare-digital-assets-10
Market Update:
At the time of writing, the Bitcoin price is sitting at $13,676, representing a loss of 0.5% in the last 24 hours. More than $1B worth of BTC were exchanged in the BTC/USD market representing a 34.5% share of daily volume. The BTC/JPY pair had a 36% share.
The Ethereum price has dropped by 1.2% over the past 24 hours and is currently sitting at $1327, with over $600M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 28% market share of the daily trading volume.
See live charts: https://www.cryptocompare.com/coins/btc/overview/USD and
https://www.cryptocompare.com/coins/eth/overview/USD
Kraken Exchange Is Back Online After Troublesome System Upgrade:
Kraken, one of the largest cryptocurrency exchanges, has resumed service after scheduled maintenance that was supposed to take two hours but instead took two days. The unexpectedly long downtime agitated many users since not only trading but also withdrawals were unavailable for the period.
The exchange based in San Francisco is waiving trading fees for all its clients through the end of the month, the team said in a blog post published Saturday. However, the waiver does not apply to margin trades. The post reads:
"We apologize for the uncertainty our downtime has caused. The scheduled downtime was to replace our old trading engine with a brand new trading engine – an improvement that customers have long asked for and that we have long been working hard on."
South Korea Announces Traders Could Face Fines Under New System:
The South Korean financial authorities said on Sunday that cryptocurrency traders in the country will be fined for refusing to convert their virtual accounts into real-name ones, Yonhap reported. Currently, crypto traders are able to trade anonymously by using virtual accounts. However, the South Korean authorities have banned banks from issuing new ones and mandated them to install the new system that ensures only real-name bank accounts and matching accounts at cryptocurrency exchanges to be used for deposits and withdrawals. The news outlet added:
"Cryptocurrency traders will be allowed to convert their virtual accounts into real-name ones within this month, but those who refuse to accede to real-name identification will face fines."
US Treasury Secretary Addresses Anonymity, Sanctions and Cryptocurrencies:
The US Secretary of the Treasury, Steven Mnuchin, made a number of statements regarding the international use of cryptocurrencies at a meeting of the Economic Club of Washington on Friday. The Secretary expressed his concern that Bitcoin wallets could potentially become the modern equivalent of the anonymous Swiss bank account. He intends to work with the G20 nations to offer US tracking abilities in order to prevent such misuse from occurring. Mnuchin stated:
“If you have a wallet to own Bitcoins, that company has the same obligation as a bank to know you. We can track those activities. The rest of the world doesn’t have that, so one of the things we will be working very closely with the G-20 is making sure that this doesn’t become the Swiss bank ac
State of the Crypto:
Bitcoin is down 0.5% at $13,676.180 with a volume of Ƀ79.9k - $1082.1M on the USD pairs.
Ether is down 1.33% against Bitcoin at Ƀ0.09741 per Ether and down 2.07% against the dollar to $1324.46 with average volume Ƀ65.5k on the ETH/BTC pair.
Bitcoin Cash is down 2.81% to Ƀ0.1833 with volumes of Ƀ26.8k and down 2.94% against the dollar at $2506.5.
Ripple is down 2.47% to Ƀ0.0001345 with volumes of Ƀ22.0k and down 3.16% against the dollar at $1.84.
Zcash is down 4.19% for the day to Ƀ0.04804 per ZEC and down 4.43% against the dollar to $658.73 with an average volume of Ƀ3.2k for the 24 hour period.
Litecoin is down 2.7% against the dollar for the day at $237.12 and down 2.36% to Ƀ0.01736 on volumes of Ƀ12.5k.
Dash is down 2.15% at Ƀ0.07454 with Ƀ5.5k volume and down 2.5% against the dollar at $1019.21.
Iota is down 1.95% to Ƀ0.0002661 on Ƀ2.1k volume.
Ether Classic is down 2.55% to Ƀ0.003096 with volumes of Ƀ17.3k and down 2.47% against the dollar at $42.26.
Monero is down 3.92% against the dollar at $403.91 and down 11.52% against Bitcoin at Ƀ0.02971 on volumes of Ƀ6.3k.
Neo is up 13.08% for the day to Ƀ0.01141 per NEO and up 12.36% against the dollar to $154.35 with an average volume of Ƀ24.8k for the 24 hour period.
Waves is up 0.23% to Ƀ0.0007926 on Ƀ2.6k volume.
Stratis is up 15.87% to Ƀ0.001533 on Ƀ3.3k volume.
