Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 3,078.18 yesterday at 5 pm (GMT) and has since decreased  12.7%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $5,633 representing a loss of 10.88% in the last 24 hours. More than $1.2 B worth of BTC were exchanged in the BTC/USD market representing a 32.45% share of the global daily volume. The BTC/JPY pair represents an 8.57% share.

The Ethereum price has dropped 11.68% over the past 24 hours and is currently sitting at $178.5, with over $350 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 21.92% market share of the daily trading volume.

See live charts here and here

Bitcoin Cash Fork: Craig Wright Threatens to Crash Bitcoin Price

Craig Wright, the man who claims to be the real Satoshi Nakamoto and pseudonymous creator of Bitcoin, has threatened to crash the price of Bitcoin if miners support the Bitcoin Cash ABC project in the upcoming fork. Wright warned Bitcoin miners that, if they show support for the Roger Ver/Jihan Wu (Bitmain) backed Bitcoin Cash ABC (BCH) over his Bitcoin Satoshi’s Vision (BSV) project, he would be looking to fund his side of any ensuing ‘hash war’ battle by selling off Bitcoins. Wright tweeted:

"To all BTC miners, If you switch to mine BCH, we may need to fund this with BTC, if we do, we sell for USD and we think BTC market has no room, it tanks. Think about it. We will sell A Lot! Consider that... And, have a nice day (BTC to 1000 does not phase me)"

Read more here

Pure Bit: $30M Crypto Exit Scam in South Korea

Earlier this month, Pure Bit conducted an ICO to supposedly build a cryptocurrency exchange, however, the project disappeared with more than $30 million in user funds. On the 13th of November, Pure Bit and its operators shut down all of their social media handles including KakaoTalk groups, kicking out investors in various public chat groups with the message “I’m sorry.” Within a few hours, the exchange which held the ICO funds was contacted by the South Korea authorities to block the account of the scammers and freeze their funds. Later on, possibly due to the involvement of law enforcement agencies, the group released a statement apologizing for its fraudulent operation:

"I made an unforgivable mistake that cannot be turned around, blinded by money. It has been less than a day and I have already started to suffer from guilt. Although it cannot be compared with the hardship faced by the investors, I also felt significant guilt. I sincerely apologize to all of the investors in the ICO who were affected by the operation."

Read more here

Ripple Partners With Malaysian Universal Bank CIMB Group to Expand RippleNet

The Malaysia-headquartered CIMB Group, the fifth-largest banking group in ASEAN (Association of Southeast Asian Nations) announced today that it has joined RippleNet to "enable instant cross-border payments across its various markets". According to the announcement, Ripple's technology will be used to improve SpeedSend, CIMB's money transfer service. CIMB Group CEO, Tengku Dato’ Sri Zafrul Aziz stated:

"We are delighted to be part of RippleNet and look forward to a fruitful partnership with Ripple by leveraging each other’s strengths and capabilities. This innovative blockchain solution will revolutionize international cross-border remittances, and is a testament to CIMB’s ongoing efforts to enhance its digital banking proposition by providing speedy and cost-efficient solutions to our customers across ASEAN."

Read more here

CoinGeek Week Conference London | 28th 30th November

Make three days in November your smartest investment yet.

Over three days, you’ll be able to build your knowledge, meet peers, investors and future business partners. Topped off with a Calvin Ayre style after party on the 30th, you’re not going to want to miss out. Tickets are available here.

The true pioneers of cryptocurrency and blockchain will be converging at the CoinGeek Week Conference and our agenda is packed with over 20 industry leading speakers including:

• Dr Craig Wright
• Jimmy Nguyen
• Ryan Charles
• Elizabeth White

All of which will be sharing real life business applications for blockchain and bCommerce.

On Developers Day, the 28th of November you will learn everything you need to know about the latest within blockchain technology. Learn from the industry pioneers and immerse yourself into the great opportunities blockchain technology will bring to your business.

Merchants day on the 29th November will give you the advantage over your competitors. The leaders of the industry will enlighten you on new developments, updates and demonstrate how adopting Bitcoin Cash is the fundament for growing your business.

All Futurists are welcome on Friday 30th November with keynotes from the true pioneers of blockchain. Add to everything you have learned this week by taking in what our experts are predicting in the future of Blockchain and Bitcoin Cash technology.

We have plenty of ticket options for you to choose from; whether you’re a miner, developer, merchant, futurist or a combination, don’t miss out on the event of the year!

Recently Added:

Whirl added to Upcoming ICO list