Market Analysis Report

Bitcoin Prices Dip Below $4,000 to Hit 7-Day Low

Following a period of record highs, the price of Bitcoin is back below $4,000. While it is unclear what is causing the dip, it may be related to the upcoming SegWit activation which is set to take place in roughly 233 blocks (38 hours). The nature of the update may make investors wary, prompting them to "wait out" the update and return once technical stability is ensured.

At the moment, Bitcoin is trading at $3,780, its lowest total observed since April 12th. The price has dropped 6% in the last 24h with over $570M exchanged. Japan continues to lead the trading volume, with a 40% market share.

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ATB Coin Announces Launch date

The long-awaited launch of the ATB Coin blockchain will take place in on September 1st, 2017! While the launch will take place ten days from now, investors can currently evaluate the functionality of the beta version of the wallet, as well as learn more about the Lightning Network and Segregated Witness technologies. ATB aims to make Micropayments an organic part of a person’s daily life, a prospect that will be explored from the launch onward. To learn more about the project, visit the ATB Coin page on CryptoCompare here.

Read more here Press Release

Monero Price Hits an All-time high

Monero, the privacy-driven cryptocurrency, rose by 80% in just a few hours yesterday. Currently sitting at $77 in the USD market, the cryptocurrency has been relatively stable over the last couple of months typically staying in the $40 - $50 range.

Bithumb's announcement to list Monero seems to be a drviing factor for the accentuated rally. After Bithumb’s announcement to offer XMR trading from August 27th, the 24 hour volume spiked to over 400,000 XMR. Typical daily volumes have ranged between 40,000 XMR to 100,000 XMR. South Korea markets have shown great demand for Bitcoin and Ethereum over the past few months and it appears Monero may be next.

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Hacker Nets over $500,000 after Hacking Enigma before ICO Date

A hacker managed to compromise Enigma before its ICO, netting over 1,500 Ether (over $500,000) from the community. The hacker managed to compromise Enigma’s social accounts and started to send emails and post Slack messages to urge the community to send funds to his Ethereum address claiming Enigma opened its pre-ICO. Since then, the Enigma team has warned the community although 200 transactions were already made. The fake email reads:

“We are pleased with the enormous support we have gotten in the last couple of weeks. The Enigma team has decided to open the Pre-Sale to the public. The hard cap for this pre sale will be 20 Million. Please note that tokens will be calculated and distributed based on how much the Pre-Sale raises.”

Read more here

World Blockchain Forum Lineup Full of International Heavyweights

The upcoming cryptocurrency conference World Blockchain Forum: Investments and ICOs, presented by Keynote, will feature international speakers and a ‘Pitch your ICO’ showcase on September 25th/26th. 

More than 40 of the world’s most knowledgeable cryptocurrrency experts from companies such as DASH, Tether, Monero, EOS, RSK, Wings, Jaxx, Augur, eBoost and OAX will present at the conference. Additionally, members of European Parliament and Ministers from European countries will join as speakers to discuss regulation and the future of the industry.

And, in exciting news for ICO dreamers, both forum days will feature a ‘Pitch your ICO’ session, showcasing the most innovative new ideas in cryptocurrency. Exhibitors will present their business ideas on the main stage to a packed house of investors and attendees.

The World Blockchain Forum serves as a learning experience, not only for the technical tools of investing such as Bitcoin and Ethereum but also as a stepping stone to wise investing.

Read more here.