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MVIS and Intelligence Unit Launch NRI/IU Crypto-Asset Index with Nomura Research Institute (NRI)

MV Index Solutions (MVIS), and Intelligence Unit (IU), a global provider of quantitative research and development for digital asset investment solutions, today announced a collaboration with Nomura Research Institute, Ltd. (NRI), a leading provider of consulting services and system solutions, to jointly launch the NRI/IU Crypto-Asset Index for financial institutions. Utilising the crypto-asset index platforms provided by MVIS and CryptoCompare, the global leader in digital asset data, the investable index offers an investment solution for Japanese financial institutions as well as global investors.

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Frankfurt (29 January 2020) – MV Index Solutions (MVIS), and Intelligence Unit (IU), a global provider of quantitative research and development for digital asset investment solutions, today announced a collaboration with Nomura Research Institute, Ltd. (NRI), a leading provider of consulting services and system solutions, to jointly launch the NRI/IU Crypto-Asset Index for financial institutions. Utilising the crypto-asset index platforms provided by MVIS and CryptoCompare, the global leader in digital asset data, the investable index offers an investment solution for Japanese financial institutions as well as global investors.

The NRI/IU Crypto-Asset Index is the first crypto-asset benchmark for institutional investors in Japan.  The index offers a reliable reference point for evaluating performance by providing benchmarks constructed with a clear and transparent methodology. Designed for Japanese institutional investors and crypto-asset exchanges by considering local availability, JPY and USD currency, custody solutions and official closing values in the local time zone (JST). The NRI/IU Crypto-Asset Index contains the crypto-assets listed in the table below.

Crypto-Asset Ticker
Bitcoin BTC
Bitcoin Cash BCH
Ethereum ETH
Litecoin LTC
XRP XRP

“We are pleased to launch this index for Intelligence Unit and the Nomura Research Institute,” said Thomas Kettner, Managing Director at MVIS. “We are happy to offer our services and deep expertise in digital assets indexing to the Japanese market.”

“Strong demand from institutional investors is contributing to the growth of crypto-asset funds, and well-diversified products like index funds are attractive as alternative investments. We will bridge the traditional financial world and the crypto-asset world by providing institutional grade crypto-asset benchmarks, further establishing the status of crypto-assets as alternative investments,” explained Akihiro Niimi, CEO of Intelligence Unit.

Charles Hayter, Co-Founder and CEO of CryptoCompare, commented: “As part of our collaboration with MVIS, we are excited to offer institutional investors in Japan the first crypto asset investible index.”

Key Index Features
Full Market Capitalisation (bn USD): 203.3
Number of Components: 5
Base Date/Base Value: 31 December 2015/100

END

Media Contacts
Nibha Ritter, MV Index Solutions
+49 (0)69 4056 695 22
media-enquiries@mvis-indices.com

CryptoCompare
press@cryptocompare.com

Note to Editors:

About MV Index Solution – www.mvis-indices.com
MV Index Solutions (MVIS®) develops, monitors and licenses the MVIS Indices, a selection of focused, investable and diversified benchmark indices. The indices are especially designed to underlie financial products. MVIS Indices cover several asset classes, including equity, fixed income markets and digital assets and are licensed to serve as underlying indices for financial products. Approximately USD 15.18 billion in assets under management are currently invested in financial products based on MVIS Indices. MVIS is a VanEck company.

About Nomura Research Institute (NRI) – www.nri.com
Founded in 1965, NRI is a leading global provider of system solutions and consulting services, including management consulting, system integration, and IT management and solutions for financial, manufacturing, retail and service industries. Clients partner with NRI to expand businesses, design corporate structures and create new business strategies. NRI has about 13,000 employees in more than 50 offices globally including New York, London, Tokyo, Hong Kong, Singapore, and Australia. NRI reports annual sales above $4.2 billion. For more information, visit www.nri.com/en

About Intelligence Unit LLC (IU)
Intelligence Unit LLC, was established in 2018 to provide a crypto-asset investment solution for Japanese and overseas investors. IU has developed a crypto exchange database together with CryptoCompare, the digital asset data provider. In 2019, IU and MV Index Solutions GmbH collaborated to establish the quantitative analysis method that enabled the development of the crypto-asset index for Japanese and overseas investors. IU Asset Management Co., Ltd. (a group company of IU) is the first Japanese management company specialising in crypto-assets, and aims to create crypto-asset index funds and index derivative products.

About CryptoCompare
CryptoCompare is the global leader in digital asset data. Institutional and retail investors rely on the company for real-time, high quality data spanning 3,200+ coins and 150,000+ currency pairs. By aggregating and analysing tick data from globally recognised exchanges and seamlessly integrating multiple datasets, CryptoCompare provides a comprehensive, granular overview of the market across trade, order book, historical, social and blockchain data.  For more information, please visit https://data.cryptocompare.com

Blockchain

Bitcoin Just Had Its Highest Weekly Close Since Jan-18 While ETH Eyes $400 (Market Watch)

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After marking two consecutive yearly highs in the span of a few days, Bitcoin has calmed but still hovers over $13,000. Most alternative coins have remained relatively stable, and the market cap is yet to break above $400 billion decisively.

Bitcoin Stays Above $13k

Although Bitcoin started the weekend with apparent stagnation, the asset entered Sunday on a roll. BTC was trading at $13,100 but sharply exploded to a fresh 2020 high of above $13,350.

Shortly after, though, the cryptocurrency tanked in value, resulting in its intraday low of $12,900. Nevertheless, the bulls intercepted the price drop and drove BTC higher.

It’s worth noting that this was the highest weekly close of Bitcoin since January, 2018.

weekly_close
BTC/USD Historics Chart. Source: Twitter

In the past 24 hours, Bitcoin has been relatively stable. It reached a daily high of about $13,150 and has slightly retraced since then to $13,050. To continue its recent bull run, Bitcoin has to overcome the first resistance at $13,200. Further ahead, BTC could encounter obstacles at $13,400 before having a chance to challenge the 2019 high at nearly $13,900.

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Alternatively, $13,000 serves as the first support in case of a price break down. The following ones are at $12,700 and $12,500.

Market Cap Challenges $400B

The recent price increases have pushed the cumulative market capitalization of all cryptocurrencies to about $400 billion. The metric even surged above that level briefly yesterday but so far struggles to overcome it decisively.

Cryptocurrency Market Capitalization. Source: CoinMarketCap
Cryptocurrency Market Capitalization. Source: CoinMarketCap

Most alternative altcoins haven’t assisted in surpassing the $400 billion level in the past 24 hours. As the graph below demonstrates, most of them have displayed low fluctuations and even some retracements.

Ethereum spiked to about $420 a few days ago but has been gradually decreasing since then. ETH now trades just above $403. Despite a minor increase, Ripple is still around $0.253.

Bitcoin Cash (-0.9%), Chainlink (-2.7%), and Cardano (-1.7%) have lost value from the top 10.

BitcoinSV (5%) and Monero (4.7%) are the most impressive gainers from the larger-cap altcoins.

heatmap
Cryptocurrency Market Overview. Source: Quantify Crypto

Further gains are evident from Velas (20%), Filecoin (16%), and Quant (10%). In contrast, Ocean Protocol (-12.5%), ABBC Coin (-9%), Energy Web Token (-7.3%), Crypto.com Coin (-7%), and Ampleforth (-6.5%) have lost the most on a 24-hour scale.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/bitcoin-just-had-its-highest-weekly-close-since-jan-18-while-eth-eyes-400-market-watch/

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Alibaba Founder Jack Ma: Digital Currencies Can Create Value

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Founder and former executive chairman of the multinational technology conglomerate Alibaba Group, Jack Ma, believes that world regulators need to improve the legislation around digital currencies as they could create value.

Ma: Digital Currencies Could Create Value

In a recent speech reported by Bloomberg, the Chinese billionaire criticized the current global financial regulatory framework for its lack of innovation. He claimed that watchdogs are primarily focused on risk control, which has driven them away from pursuing any developments, and they rarely “consider opportunities for young people and developing countries.”

According to Ma, the Basel Accords are a “club for the elderly” that solves issues only for financial systems operating for years. Countries like China, which are still considered a “youth,” require more innovation to “build an ecosystem for the healthy development of the local industry.”

One area where regulators could increase their focus is digital currencies. Should the world’s watchdogs indeed improve their approach, virtual currencies could play an essential role in building a financial system that will be used in the next 30 years, he added.

“Digital currency could create value, and we should think about how to establish a new type of financial system through digital currency.”

Jack Ma. Source: Nikkei
Jack Ma. Source: Nikkei

He’s (Probably) Not Talking About Bitcoin

Although Alibaba’s founder didn’t specify what exactly he had in mind when using the term “digital currency,” his history suggests that it probably wasn’t Bitcoin. A few years ago, Ma warned people to be careful and said that he’s staying away from the primary cryptocurrency as it could “be a bubble.”

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However, he was significantly more favorable towards Bitcoin’s underlying technology – blockchain. The company he founded has been involved in numerous blockchain-related projects in the past few years. Alibaba even launched two DLT subsidiaries in Shanghai last year.

Additionally, a recent report highlighted that Alibaba is the firm with the most blockchain patents.

So, if Ma’s not referring to Bitcoin as the digital currency with value, he’s perhaps talking about the upcoming China CBDC. Alibaba has partnered with other giant Chinese organizations, such as China Merchant Bank, Tencent, and Huawei, to develop the nation’s central bank digital currency.

Besides, the world’s most populated country has also been openly pro-blockchain while reaffirming that Bitcoin and other cryptocurrencies are officially banned within its borders.

Featured Image Courtesy Of CNBC

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Source: https://cryptopotato.com/alibaba-founder-jack-ma-digital-currencies-can-create-value/

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SwapSpace: Quick Cryptocurrency Swaps at No Additional Fees

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[Featured content]

The cryptocurrency field is growing at a considerable rate as more companies and individuals get involved. 

As CryptoPotato recently reported, Google searches for the ‘buy crypto’ key phrase have surged to their highest point since all the way back in January 2018 – during the peak of the ICO bubble. 

Google traffic is usually a very good indicator of retail interest in the field, but institutions are not lagging behind. Another report by the giant multinational financial services corporation Fidelity Investments revealed that 36% of institutional investors own Bitcoin and other cryptocurrencies. 

Amid the growing popularity, more venues are offering seamless exchange and swaps of various crypto assets. 

One of such platforms is SwapSpace. With a particularly intuitive swapping process and over 350 coins and tokens, as well as more than 60,000 exchange pairs, the platform has managed to establish itself as one of the more convenient ones to use if you want to quickly swap your coins without having to go through a lengthy registration.

What is SwapSpace?

SwapSpace brings forward an instant aggregator of cryptocurrency exchanges. The number one priority of the company is to save time for their clients and to make the process as easy as possible. 

Users don’t have to spend excessive time searching for pairs and comparing rates, privacy features, and fees on different services. 

All they have to do is choose the most appropriate swap option from different instant exchange services for the selected exchange pair. There are no limits on the amount to be exchanged, no registration, and a process that takes no more than four quick steps. 

How Does SwapSpace Work?

Right off the bat, as soon as the user lands on the website’s homepage, they will see the swapping interface, which is particularly simplified. Here are the steps that have to be taken to successfully complete a crypto swap. 

Step #1: Select your tokens

On the homepage of the website, you’ll find the following screen: 

swapspace_1

Here, you need to choose the crypto that you want to send and the one that you want to receive. In this example, we are swapping Bitcoin for the stablecoin USDT. Enter the swap amount and hit “View offers.”

Step #2: Select the best offer

As soon as you hit that red button, this is the screen that you will get: 

swapspace_2

The platform filters the offers automatically, and you will always get the best rate displayed on top. You can choose the swap option by the rates or by exchange flow: SwapSpace offers both fixed and floating rate exchanges.

In this case, the best rate is provided by SimpleSwap, and as soon as you hit “Exchange,” you will get to the next step of the process. 

Step #3: Enter the recipient’s address

During this step, you will have to enter the address of the recipient. 

swapspace_3

In this case, we will be inputting the address that will receive the USDT once the BTC swap is completed. 

Step #4: Transfer funds to the exchange service

This is where you would have to send the coin or token that you want to swap. 

swapspace_3

The last step is just to wait for the exchange to be completed. You will be able to see all the details of the transaction, read information about the partner you’ve chosen, and the average time it takes to complete the exchange. 

That’s pretty much it. SwapSpace requires no further actions to be taken, and just like that, you’ll be able to swap your cryptocurrencies in a quick and seamless way.

It’s also worth noting that customer support works all over the clock and replies instantly. Overall reviews of the platform provided via Trustpilot are positive. There’s no limit to the amount you can swap, and there are no additional fees that you’ll have to worry about. 

Pros and Cons

As with everything, there are certain benefits and drawbacks to using SwapSpace. 

Pros: 

  • The process is very quick and simple
  • No additional fees
  • No registration
  • An abundance of cryptocurrencies 
  • Fixed and floating rates

Cons:

  • The company is relatively new, registered in 2019
  • No support for fiat currencies
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Source: https://cryptopotato.com/swapspace-quick-cryptocurrency-swaps-at-no-additional-fees/

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