Market Analysis Report

14 November 2017

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.

See live index here

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."

Read more here

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.”

Read more here

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."

Read more here

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."

Read more here

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. 

Read more here

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.

Read more here

Press Release

State of the Crypto

Bitcoin is up 4.16% at $6,513.340 with a volume of $156.3k - $1019.5M on the USD pairs.

Litecoin is up 2.15% against the dollar for the day at $60.69 and down 1.67% to Ƀ0.009359 on volumes of Ƀ6.9k.

Ether is up 2.01% against Bitcoin at Ƀ0.05125 per Ether and up 6.05% against the dollar to $332.78 with average volume Ƀ37.6k on the ETH/BTC pair.

Dash is down 9.72% at Ƀ0.06294 with Ƀ12.5k volume and down 5.82% against the dollar at $407.83.

Ripple is down 0.95% to Ƀ0.00003119 with volumes of Ƀ3.8k and up 3.52% against the dollar at $0.2027.

Zcash is down 6.58% for the day to Ƀ0.04049 per ZEC and down 3.17% against the dollar to $262.27 with an average volume of Ƀ5.0k for the 24 hour period.

Monero is down 3.87% against the dollar at $121.11 and down 7.64% against Bitcoin at Ƀ0.01875 on volumes of Ƀ6.1k.

Ether Classic is up 9.93% to Ƀ0.002647 with volumes of Ƀ8.3k and up 14.57% against the dollar at $17.14.

Bitcoin Cash is up 0.42% to Ƀ0.1903 with volumes of Ƀ114.3k and up 4.54% against the dollar at $1233.7.

Waves is up 9.96% to Ƀ0.0007155 on Ƀ1.8k volume.

Stratis is up 0.12% to Ƀ0.0005095 on Ƀ852.971 volume.

Market risers
1 DCN +100.00%
2 CHC +74.05%
3 ORME +61.05%
4 XWC +46.12%
5 BIZ +44.44%
Market losers
1 CRUR -46.04%
2 LTD -36.36%
3 B3 -33.33%
4 BCPT -30.84%
5 ARN -30.69%
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