MVIS-CryptoCompare Index:
The MVIS CryptoCompare Digital Assets 10 Index has closed at 13,023.20 with a loss of 1.84% for the day.
See the live index 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 $11,941, representing a loss of 12.9% in the last 24 hours. More than $1.9B worth of BTC were exchanged in the BTC/USD market representing a 41% share of daily volume, followed by the BTC/JPY pair that represents a 30% share.
The Ethereum price has dropped by 17.4% over the past 24 hours and is currently sitting at $1088, with over $820M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 32% 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
German Central Banker: Cryptocurrencies Must Be Regulated On a Global Scale:
The director of Germany's central bank believes that Bitcoin should be regulated through an international set of rules rather than on a national scale. Bundesbank director, Joachim Wuermeling, said that borderless cryptocurrencies are difficult to regulate within a specific region or country, according to Reuters. Wuermeling said that such a state of affairs could only be reached in the event of heightened cooperation. He stated:
“Effective regulation of virtual currencies would therefore only be achievable through the greatest possible international cooperation because the regulatory power of nation-states is obviously limited.”
Hacker Makes Off With Stellar Lumens in BlackWallet Theft
An unidentified thief has reportedly stolen more than $400,000 in Stellar lumens after hacking the digital wallet provider BlackWallet. According to cybersecurity researcher Kevin Beaumont, the attacker hijacked BlackWallet’s domain name system (DNS) server over the weekend, adding a piece of code which transferred any deposits of 20 or more lumens into another wallet. Bleeping Computer reported that the attacker secured nearly 670,000 lumens, worth about $444,000 at press time. The BlackWallet's creator stated:
"I am sincerely sorry about this and hope that we will get the funds back. I am in talks with my hosting provider to get as much information about the hacker and will see what can be done with it."
Venezuelan President Maduro Calls For 10 Countries To Embrace His Oil-Backed Coin
Venezuelan President Nicolas Maduro has asked all 10 countries in the Bolivarian Alliance for the Peoples of Our America (ALBA) to work together on the creation of the Petro, his proposed oil-backed cryptocurrency, according to local sources. During a recent meeting of ALBA, Maduro announced:
“I put it on the table, brother governments of the ALBA, the proposal of the cryptocurrency of the Petro, so that we can take it on as one of the projects of integration of the 21st century in a bold way, but also in the manner of a creator and a creative.”
State of the Crypto:
Bitcoin is down 12.9% at $11,941.090 with a volume of Ƀ146.5k - $1941.8M on the USD pairs.
Ether is down 5.1% against Bitcoin at Ƀ0.09154 per Ether and down 17.4% against the dollar to $1088.63 with average volume Ƀ75.3k on the ETH/BTC pair.
Bitcoin Cash is down 8.6% to Ƀ0.1648 with volumes of Ƀ36.9k and down 20.17% against the dollar at $1975.42.
Ripple is down 12.92% to Ƀ0.0001153 with volumes of Ƀ40.3k and down 24.73% against the dollar at $1.37.
Zcash is down 4.64% for the day to Ƀ0.04566 per ZEC and down 17.56% against the dollar to $541.83 with an average volume of Ƀ6.5k for the 24 hour period.
Litecoin is down 15.28% against the dollar for the day at $200.95 and down 2.66% to Ƀ0.01684 on volumes of Ƀ14.5k.
Dash is down 6.63% at Ƀ0.06815 with Ƀ7.6k volume and down 19.16% against the dollar at $809.72.
Iota is down 6.44% to Ƀ0.0002471 on Ƀ3.0k volume.
Ether Classic is down 9.44% to Ƀ0.002772 with volumes of Ƀ11.7k and down 22.9% against the dollar at $32.38.
Monero is down 13.22% against the dollar at $347.26 and down 0.17% against Bitcoin at Ƀ0.02921 on volumes of Ƀ10.9k.
Neo is up 5.52% for the day to Ƀ0.01299 per NEO and down 7.37% against the dollar to $154 with an average volume of Ƀ36.9k for the 24 hour period.
Waves is down 6.33% to Ƀ0.0007408 on Ƀ2.8k volume.
Stratis is down 14.31% to Ƀ0.001353 on Ƀ4.0k volume.
Went through the market today..and realised that literally every coin was dropping...if i may ask, is this a cause for alarm? or should we just chill back and watch?
Yes you are right The majority of coin has come down.
for me it's Time to go SHOPPING.it's a super BUY opportunity for ETH and BTC .