Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 3,937.06 with a loss of -1.4% for the day.

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Bitcoin Cash Network Completes a Successful Hard Fork

The Bitcoin Cash (BCH) network successfully hard forked at approximately 21:00 UTC. The fork is a change to the currency’s consensus rules and aims to upgrade the network’s Difficulty Adjustment Algorithm (DAA).

The original DAA applied to the BCH network produced wild hashrate fluctuations. After several DAA proposals were researched and tested by the development teams, the community chose to implement a DAA proposal from Bitcoin ABC’s lead developer Amaury Sechet. The Bitcoin ABC development team explained:

“The difficulty is adjusted each block, based on the amount of work done and the elapsed time of the previous 144 blocks."

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CME Bitcoin Futures Could Launch in the Second Week of December

On October 31st, the CME Group announced that it would be permitting futures trading on Bitcoin, prompting the speculation over the boost this may give to the cryptocurrency. Yesterday, in an interview on CNBC, Terry Duffy, chief executive of CME Group, revealed the release date for futures contracts trading. Duffy stated:

“I think sometime in the second week of December you’ll see our contract out for listing.”

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European Financial Regulator Warns Investors On ICO Risks

Yesterday, the European Securities and Markets Authority (ESMA) issued two separate statements that outline the risks that Initial Coin Offerings (ICOs) pose for investors and startups, respectively.

The regulator warned investors that the use of custom cryptocurrencies for fundraising comes with a "high risk" of capital loss. The authority also alerted that ICOs may fall outside of EU laws and regulations, which in turn does not benefit investors. According to a press release, the ESMA stated:

"ICOs are also vulnerable to the risk of fraud or money laundering."

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Parity Floats Fix for $160 Million Ether Fund Freeze

In a new update published today, the Parity software development team said that it is conducting a review of the incident and will be releasing a post-mortem report in the next few days.

The startup raised the option of EIP156 – a late 2016 proposal from Ethereum's creator Vitalik Buterin, focused on freeing up money locked in certain types of contracts – as one possible approach. The team stated:

"We have spent the last few days rigorously examining the events. While it is too early to decide on a fixed solution, EIP156 has been discussed for a significant time and has drawn support from various directions in the community. The team is working on a broadly accepted solution that will unblock the funds."

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Zabercoin: An Asset-Backed Cryptocurrency

Zabercoin, the future of real estate. The idea is to develop a decentralized blockchain-based property ledger and a more cost-effective structure for an open source bookings eco-system for renting hotel rooms, private properties, and accommodation. The mission is to establish Zabercoin as the preferred real estate digital token by providing a competitive advantage to the investor by outstanding levels of ethics, service, expertise and innovation in the global blockchain cryptocurrency real estate market environment.

The intrinsic value of Zabercoin will stand the test of time since it will always remain an asset-backed digital currency. The core business of Zabercoin is to focus on the acquisition of well-located and lucrative properties in emerging markets (EM) that may generate significant income and escalate in value. Zabercoin prides itself on a very strong and dynamic management team with many years of experience in the IT, investment, property development, business, finance and asset management space. 

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About HydroMiner, the green cryptocurrency mining start-up

HydroMiner was born a year ago as a modest mining rig run by sisters Nadine and Nicole Damblon in their own apartments in Austria. It was here that they hit upon the idea of solving the unsustainability of an increasingly power-hungry mining industry thanks to exponentially increasing difficulty.

It has since grown into a professional-scale mining operation powered by carbon-neutral hydro-power stations in the Austrian Alps. The HydroMiner token sale will raise funds to finance an expansion of mining capacity through the rental of more hydropower stations. Its tokenized model will also allow investors to participate in an eco-friendly crypto mining. HydroMiner's H2O tokens are 'vouchers' that can be exchanged for mining time, starting in February 2018.

The HydroMiner token sale ends tomorrow, so this is the last chance to participate in the token sale. Contributors still get a 5% bonus, even if they come to HydroMiner at the last minute. Users will have to whitelist their email address and Ethereum wallet to join the token sale.

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