Market Analysis Report

17 June 2019

Ether Camp launches the Virtual Accelerator and Hacker Gold sale

Ether Camp have just announced the launch of the Virtual Accelerator, a new platform on the Ethereum blockchain that combines a startup accelerator with a crowdfunding platform. Roman Mandeleil, the CEO of Ether Camp said today:

“We wanted to build something that’s truly valuable for the whole community. We’ve created a platform that democratises opportunity for everyone, from entrepreneurs gaining access to early funding through to anyone in the community gaining access to investment opportunities”

The Virtual Accelerator opens on the 17th November with a 5-week online global hackathon, The community is already showing great interest in the platform, with over with over 1000 hackers and 500 fans signed up to work through almost 300 ideas.

The platform will run on its own token, Hacker Gold (HKG). HKG is used to purchase tokens from any team launching their own crowd sale during the event. It also acts as an investment in the future success of the Virtual Accelerator platform itself. The Hacker Gold sale starts on the 20th October.

More detail on the Virtual Accelerator and its token, Hacker Gold, can be found in the White Paper

Read more here

Central Bank of Russian Sends First Blockchain Transactions

The central bank of Russia has successfully completed a trial on their blockchain project, "Masterchain, a technical prototype for financial messaging" that provides a means to pass financial information between parties. Bank of Russia deputy governor Olga Skorobogatova said in a statement:

"The creation of prototypes and [the] joint inquiry of applicabilities help both the regulator, and the market participants understand outcomes, estimate capacities, mitigate the risks of using different technologies, and decide on follow-up actions. This is a good groundwork for onward progress."

Read more here

United Nations Lab Testing Blockchain for Remittances

A UNDP Blog post created by members of the Alternative Financing Lab indicates that the United Nations Development Programme has partnered with developers in Serbia and Moldova, among other regions to research applications for blockchain technology in microfinance, remittances, and connected vehicles, among others.

 Lab representatives wrote:

“When it comes to UNDP’s emergency response in employment, we have a hunch that blockchain could provide a more effective way of transferring and tracking funds, and shifting our strategy in line with what is happening in the field – this is a work in progress though but one we’re excited about.”

Read more here

Ethereum Still Under Attack

Ethereum is still under attack in a "code war" that began over two weeks ago with spam attacks that led to large-scale Ethereum node outages. The Ethereum develops have been constantly counter-attacking with new client releases. While various fixes have since been implemented, the attacker continues to find vulnerabilities to exploit and, in turn, create new ways to launch denial-of-service (DoS) attacks. The latest client release, called "Dear Diary", aims to stop the "root cause" of many of the attacks with a technique called "journalling."

Read more here

State of the Crypto

Bitcoin is up 0.42% at $613.60 with a volume of  Ƀ25k - 15M on the USD pairs

Litecoin is up 0.01% against the dollar for the day at $3.83 and down 0.13% to Ƀ 0.006247 on volumes of 241 BTC.

Ether is down 1.69% against Bitcoin at Ƀ 0.02091 per Ether and down 1.68% against the dollar to $12.88 with average volume of 10k BTC on the ETH BTC pair. 

Ether Classic is up 0.63% to Ƀ 0.001927 on volumes of 10.3k BTC.

Monero is up 11.68% to Ƀ 0.01205 with volumes of 7.8k BTC and up 15.10% against the dollar to $7.47.

Steem is down 3.70% at Ƀ 0.0006501 on 108 BTC volume. 

Lisk has 511 BTC volume for the day. The price is up 2.04% at Ƀ 0.0003749.

Dash is up 0.41% at Ƀ 0.01983 with 714 BTC volume and up 1.18% against the dollar at $12.00.

NXT is down 19.92% to Ƀ 0.00002191 on 472 BTC volume.

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