Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 13,023.20 with a loss of 1.84% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $11,941, representing a loss of 12.9% in the last 24 hours. More than $1.9B worth of BTC were exchanged in the BTC/USD market representing a 41% share of daily volume, followed by the BTC/JPY pair that represents a 30% share.

The Ethereum price has dropped by 17.4% over the past 24 hours and is currently sitting at $1088, with over $820M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 32% market share of the daily trading volume.

See live charts here and here

German Central Banker: Cryptocurrencies Must Be Regulated On a Global Scale

The director of Germany's central bank believes that Bitcoin should be regulated through an international set of rules rather than on a national scale. Bundesbank director, Joachim Wuermeling, said that borderless cryptocurrencies are difficult to regulate within a specific region or country, according to Reuters. Wuermeling said that such a state of affairs could only be reached in the event of heightened cooperation. He stated:

“Effective regulation of virtual currencies would therefore only be achievable through the greatest possible international cooperation because the regulatory power of nation-states is obviously limited.”

Read more here

Hacker Makes Off With Stellar Lumens in BlackWallet Theft

An unidentified thief has reportedly stolen more than $400,000 in Stellar lumens after hacking the digital wallet provider BlackWallet. According to cybersecurity researcher Kevin Beaumont, the attacker hijacked BlackWallet’s domain name system (DNS) server over the weekend, adding a piece of code which transferred any deposits of 20 or more lumens into another wallet. Bleeping Computer reported that the attacker secured nearly 670,000 lumens, worth about $444,000 at press time. The BlackWallet's creator stated:

"I am sincerely sorry about this and hope that we will get the funds back. I am in talks with my hosting provider to get as much information about the hacker and will see what can be done with it."

Read more here

Venezuelan President Maduro Calls For 10 Countries To Embrace His Oil-Backed Coin

Venezuelan President Nicolas Maduro has asked all 10 countries in the Bolivarian Alliance for the Peoples of Our America (ALBA) to work together on the creation of the Petro, his proposed oil-backed cryptocurrency, according to local sources. During a recent meeting of ALBA, Maduro announced:

“I put it on the table, brother governments of the ALBA, the proposal of the cryptocurrency of the Petro, so that we can take it on as one of the projects of integration of the 21st century in a bold way, but also in the manner of a creator and a creative.”

Read more here

SYMM Fund Passes Soft Cap Target

The innovative new cryptocurrency investment fund launched by SYMM on November 30th has already reached its soft cap limit of 3000 Ethereum.

The SYMM fund invests in the most popular cryptocurrencies including Bitcoin, and Ethereum, as well as ICOs, so offers real diversification, along with the safety of a traditional managed mutual fund.

Features:

• monthly dividend equivalent to 50% of trading profits in ETH
• buyback option
• 10% reserve fund
• all funds kept in fiat currencies outside of trading hours
• profit-only commission structure (7.5% for first round investors)

There’s still time for interested parties to get involved in this innovative way to invest in cryptocurrencies. SYMM tokens will continue to be offered in the round 0.1 ETH until February 10th 2018 with first dividends paid on April 3rd.

Find out more at the SYMM fund website

Bonus on First ICO Day: 20%

LiveEdu is a decentralized professional development ecosystem that teaches people how to build complete products. LiveEdu is building the YouTube for professional development. You can also describe the ecosystem as the next-generation Lynda.com. Unlike online education platforms, LiveEdu is not focused on beginners but mainly intermediates to experts. People learn on LiveEdu by watching how peers build real projects and can also download all project resources and files. The new LiveEdu platform is set to launch in 2018 and will start with eight topics: Artificial Intelligence, Cybersecurity, Game Development, Data Science, Cryptocurrencies, Programming, Design, Augmented and Virtual Reality. Project creators in the LiveEdu ecosystem will build 10,000 projects for these topics. LiveEdu plans to also cover projects in Chinese and Russian language.

Team: LiveEdu is an existing developed product with a monetization model and seasoned team. Dr Michael J. Garbade leads LiveEdu as founder and CEO. The core team has worked together since the company launched: Alex Zhukov and Ilya Toka. As a young team of business guys, educators, back-end engineers, front-end developers and tech marketers with work experience from Amazon, General Electric, Photobucket, Rebate Networks, Lashou and Mail.ru, the team has extensive sector domain expertise in the education and video streaming space.

Read more here

Recently Added:

LNC added to  Upcoming ICO list

SET added to  Upcoming ICO list

GAMEX added to Ongoing ICO list