Market Analysis Report

07 December 2017

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 6,237.12 with a gain of 2.96% for the day.

See the live index here

Market Update

Today, the price of Bitcoin has reached a new all-time high, touching $14,600 at approximately 8:30 AM UTC. Currently, order books across exchanges are going wild.

At the time of writing, the Bitcoin price is sitting at $14,486, representing a gain of 16.2% in the last 24 hours. The total market capitalization of Bitcoin is currently over $240 billion. More than $2.8B worth of BTC were exchanged in the BTC/USD market, representing a 30% share of daily volume, second to the JPY at 48%.

Currently sitting at $419, the Ethereum price has dropped 6.7% in the last day. Over $450M worth of Ether were exchanged in the past 24 hours on the ETH/USD pair which has a 31% market share of the daily trading volume.

See live charts here and here

Nicehash Pool Allegedly Hacked — Accused of Losing US$60M

According to recent reports, the mining pool Nicehash was allegedly hacked today for 4,449 BTC or US$60M at current prices. The Nicehash pool has confirmed the organization was breached but did not disclose how many bitcoins were stolen.

The Nicehash website has been down, and pool workers have not been able to log-in for the past 6 hours. Following accusations from customers, the pool released a statement through its Reddit forum.

“Unfortunately, there has been a security breach involving Nicehash website. We are currently investigating the nature of the incident and, as a result, we are stopping all operations for the next 24 hours. Importantly, our payment system was compromised, and the contents of the Nicehash Bitcoin wallet have been stolen. We are working to verify the precise number of BTC taken."

Read more here

Bank of America Wins Patent for Cryptocurrency Exchange System

Bank of America may be looking into cryptocurrency exchange services for its corporate clients. In a patent awarded by the U.S. Patent and Trademark Office on Tuesday, the second-largest bank in the U.S. outlined a potential cryptocurrency exchange system that would convert one digital currency into another. Further, this system would be automated, establishing the exchange rate between the two currencies based on external data feeds.

The patent notes this service would be for enterprise-level customers, meaning that if the bank pursues this project, it would be offered only to businesses. The patent reads:

"Enterprises may handle a large number of financial transactions on a daily basis. As technology advances, financial transactions involving cryptocurrency have become more common. For some enterprises, it may be desirable to exchange currencies and cryptocurrencies."

Read more here

Monero to be Used for Music Merchandise

Monero, the privacy-focused cryptocurrency, revealed that it is providing a new online shopping initiative, enabling music fans to purchase merchandise from 45 artists, including Mariah Carey, Motorhead, G-Eazy, Fall Out Boy, and Toby Keith.

Launched in partnership with payment processor GloBee, and Manhead Merchandise and Global Merchandising Services, the initiative will provide discounts to customers, including 15% from Carey’s store. In a statement, G-Eazy said:

"As cryptocurrencies become more popular, it’s important that my fans have choices when it comes to how they buy my songs and merchandise. Given Monero is one of safest, most secure and most private cryptocurrencies, it’s one of the best options for my fans this holiday season."

Read more here

Recently Added:

NTK added to Upcoming ICO list

Sether: The Tech Disrupting Marketing

Sether is the blockchain's first intelligent social marketing platform. Use it  to target customers, create loyalty, deploy marketing campaigns, segment your audience and study customer behaviour on all social networks.

The platform offers a bridge between the blockchain and social networks. Integrating smart contracts into your marketing strategy offers any business an amazingly efficient crowd-powered advertising engine, providing their clients with a new way to interact with the brand, while cutting supervising and monitoring costs at the same time.

It is an epic point for a company that wants to grow sales. Any marketer would prefer to automatically give targeted offers and promotional offers to specific customers based on their behaviour, social profile and his preferences.

The Sether project improves the blockchain and opens it up to marketers everywhere. Follow the project on the official channels and contribute to changing the marketing paradigm by investing in the SETH Token.

Press Release

State of the Crypto

Bitcoin is up 16.2% at $14,486.480 with a volume of Ƀ211.3k - $2836.3M on the USD pairs.

Ether is down 19.46% against Bitcoin at Ƀ0.02881 per Ether and down 6.73% against the dollar to $419.38 with average volume Ƀ52.3k on the ETH/BTC pair.

Bitcoin Cash is down 22.7% to Ƀ0.08936 with volumes of Ƀ38.7k and down 10.71% against the dollar at $1284.43.

Ripple is down 20.19% to Ƀ0.00001478 with volumes of Ƀ7.6k and down 7.8% against the dollar at $0.2117.

Zcash is down 19.65% for the day to Ƀ0.02135 per ZEC and down 6.85% against the dollar to $306.18 with an average volume of Ƀ4.6k for the 24 hour period.

Litecoin is down 5.04% against the dollar for the day at $96.82 and down 18.84% to Ƀ0.006593 on volumes of Ƀ16.4k.

Dash is down 20.41% at Ƀ0.0461 with Ƀ10.1k volume and down 8.12% against the dollar at $663.38.

Iota is down 42.61% to Ƀ0.0002462 on Ƀ35.3k volume.

Ether Classic is down 19.56% to Ƀ0.001752 with volumes of Ƀ8.1k and down 7.65% against the dollar at $25.

Monero is down 0.88% against the dollar at $258.71 and down 13.61% against Bitcoin at Ƀ0.01815 on volumes of Ƀ10.1k.

Neo is down 20.08% for the day to Ƀ0.002451 per NEO and down 8.05% against the dollar to $35.19 with an average volume of Ƀ5.6k for the 24 hour period.

Waves is up 11.42% to Ƀ0.0006391 on Ƀ3.2k volume.

Stratis is up 14.95% to Ƀ0.0006621 on Ƀ6.5k volume.

Market risers
1 TER +171.93%
2 MCAR +160.90%
3 LTCR +150.00%
4 MEME +144.59%
5 XPD +100.00%
Market losers
1 EBTC -32.85%
2 EMC2 -29.79%
3 SWT -27.43%
4 RIC -27.05%
5 DNA -25.79%
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