Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,258.21 yesterday at 5 pm (GMT) and has since dropped 0.90%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $4,215 representing a loss of 3.21% in the last 24 hours. More than $430 M worth of BTC were exchanged in the BTC/USD market representing a 18% share of the global daily volume. The BTC/JPY pair represents a 9% share.

The Ethereum price has dropped 3.54% over the past 24 hours and is currently sitting at $117, with over $100 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 12% market share of the daily trading volume.

See live charts here and here

SIRIN Labs Launches FINNEY

Yesterday, startup SIRIN Labs, which first announced its plans in September 2017, launched FINNEY, the world's first "blockchain smartphone". Moshe Hogeg, Co-Founder and Co-CEO of SIRIN Labs, said:

“It is with great pleasure that we’re today unveiling to the world the first blockchain smartphone, brought to you by one ambitious startup that was able to bring an idea to mass production in less than a year. We’re now proudly selling a flagship device that offers the user experience we have envisioned for our SIRIN OS. We’re taking a huge step forward in bridging the gap between the blockchain economy and the consumer market. Finney is the mobile and truly secure experience crypto holders have been longing for.”

Read more here

Intel Wins Patent for Energy-Efficient Bitcoin Mining

Last Tuesday, the U.S. Patent and Trademark Office awarded global tech giant Intel a patent outlining a processor which claims to be able to conduct “energy-efficient high-performance bitcoin mining,” specifically naming the SHA-256 algorithm used by bitcoin. On the USPTO Patent Database they stated:

“Dedicated Bitcoin mining ASICs are used to implement multiple SHA-256 engines that may deliver a performance of thousands of hashes per second while consuming power of greater than 200 [watts]. Embodiments of the present disclosure employ micro-architectural optimizations including selective hardwiring certain parameters in Bitcoin mining computation.”

Read more here

OKEx Announces Third Round of Token Delisting

Last Tuesday, Digital asset exchange OKEx announced that they will be removing 38 cryptocurrencies (49 trading pairs) by the end of the month. The delisting will take place today, November 30, 2018. The cryptocurrencies to be removed include BRD, DENT, KEY, OST, and many more. OKEx stated:

"For users who are holding VEE, LEV, AVT, CBT, WRC, QVT, MTL, DNA, DNT, OAX, 1ST, CAG, UKG, BRD, SAN, ICN, ATL, SUB, REQ, NGC, AMM, LA, DENT, CIT, DAT, or MAG, please withdraw your tokens immediately to other platforms or to your wallet. The withdrawals of the above token will be closed from 05:00 Dec 14, 2018 (CET)."

Read more here

Amun ETP coming to the MJAC Blockchain Summit

We are pleased to announce that the company behind the Amun ETP - the world’s first crypto index ETP listed on a regulated stock exchange – is appearing at MJAC on November 30^th.

Hany Rashwan will present: The Blockchain Technology Behind The World’s First Listed Crypto Index.

Other companies also participating include: Coinbase, Coinfloor, Circle, CEDEX, Cumberland, NKB Group, BlockEx, 11:FS, Global Digital Finance, Atlas Neue, Ripple, Lendingblock, eToro, PowerSnooker, Melonport, Elation Capital, CoinShares, Cambrial, DLA Piper, Liquid by Quoine and more....

For tickets and a 30% discount Click Here - http://bit.ly/2Rgnr7G
Or use discount code CC30 on the website.

Hope to see this Friday.

The CryptoCompare Team