Market Analysis Report 23 November 2017
MVIS-CryptoCompare Index
The MVIS CryptoCompare Digital Assets 10 Index has closed at 4,564.90 with a gain of 1.39% for the day.
Market Update
At the time of writing, the Bitcoin price is sitting at $8,173, representing a loss of 1% in the last 24 hours. With more than $560M worth of BTC exchanged in the BTC/USD market, representing a 24.2% share of daily volume, second to the JPY at 55.3%.
Currently sitting at $389.36, the Ethereum price has risen 6% in the last 24 hours. Over $210M worth of Ether were exchanged in the past 24 hours on the ETH/USD pair which has a 30.5% market share of the daily trading volume.
At present, the Bitcoin Cash price is trading at $1526.31, which represents a 24 hour gain of 28.48%. The current market cap for Bitcoin Cash is $25B
Bitfinex Offers BTC:EUR Trading Pair
Bitfinex, one of the biggest cryptocurrency exchanges, announced today that the company will start offering the BTC:EUR trading pair. The announcement has been widely welcomed by the community since previously the site only supported the US dollar. The exchange also offers margin trading for more experienced traders. The announcement reads:
"We are pleased to announce trading is now live on our first Euro pair, BTC:EUR"
Read more here
Bitcoin Gold Wallet Scam Nets $3 Million
More than $3.3 million has been stolen from Bitcoin users seeking to claim their share of Bitcoin Gold. Operated by a website called mybtgwallet.com, the scheme prompted users to submit their private keys or recovery seeds as a means to generate Bitcoin Gold wallets.
At least $30,000 in Ethereum, $72,000 in Litecoin, $107,000 in Bitcoin Gold and more than $3 million in Bitcoin were confiscated, according to Coin Desk.
EtherCards Helps Worldbuilders on Their Fund Raising Mission
This year, Ethercard, a company that provides 'physical Ether' in the form of Gift Cards, decided to donate 100% of their profits from the seasonal Ether Cards to Worldbuilders, a nonprofit company that support humanitarian efforts.
The Worldbuilders' present mission is to raise funds for Heifer International, which helps disadvantaged families with gifts of livestock and training, to help them become self-sustaining.
If you want to get a gift for your friends and family and support an amazing charity at the same time, visit the Ether Cards site. If you’d like to donate directly to Worldbuilders and get in a prize lottery too.
Meet the Team at Trade.io
Meet the team at trade.io. They consist of a group of elite blockchain and finance professionals who intend to use their ICO to bring democracy and transparency to the financial markets. Halfway through their Pre-ICO and they have already surpassed their soft cap of $5M, which allows them to build all of the technologies that they have promised to their early adopters. Well ahead of schedule, the company's exchange and platform will be available for beta testing in January 2018.
More interestingly, the team at trade.io will be using distributed technologies to distribute wealth. By way of their liquidity pool, any qualified contributor will be eligible to receive financial returns on the increasing value of their asset, in either Ethereum, TIO or Fiat. CEO Jim Preissler commented on this "trade.io participants have spoken, they want something new and innovative, and we’re honored to be the company they are choosing.”
PRE-ICO ends on the 25th of November. The last chance to contribute at the PRE-ICO price is now. Visit http://trade.io/ today.
NaPoleonX Partners With ETHLend
ETHLend and NaPoleonX are glad to announce a mutual partnership that will bring new use-cases and investment strategies for NaPoleonX clients and more liquidity available for ETHLend platform users, whether they are individuals or corporates.
This partnership consists in shared functions and common research to provide more investment opportunities for our users alongside a combined effort to showcase the possibilities of blockchains and distributed ledgers on the financial market
NaPoleonX, a brand new crypto asset management company will diversify going forward its scope launching DAFs (Decentralized Autonomous Funds) to fund loan based on collateral risk assessment and invest more on the market from large ETH funding to match borrowing request on ETHLend.
Moreover, ETHLend will benefit from higher liquidity on its platform and ad hoc investment solutions offering new perspective for the repo business, notably from DAFs tokens backed by real assets being pledged as robust collaterals.
From now on, ETHLend and NaPoleonX will closely work in a first step on credit & collateral modelling and ambition to effectively deliver cross fertilized solutions on H2 2018.
Great synergies come from efficient collaboration! Stay tuned!
The ETHLend & NaPoleonX teams.
State of the Crypto
Bitcoin is down 1.09% at $8,173.000 with a volume of $66.1k - $542.3M on the USD pairs.
Litecoin is down 0.11% against the dollar for the day at $71.35 and up 0.79% to Ƀ0.008707 on volumes of Ƀ4.7k.
Ether is up 7.49% against Bitcoin at Ƀ0.04778 per Ether and up 6% against the dollar to $389.36 with average volume Ƀ28.1k on the ETH/BTC pair.
Dash is up 0.28% at Ƀ0.06838 with Ƀ10.5k volume and down 1.42% against the dollar at $556.05.
Ripple is up 2.72% to Ƀ0.0000291 with volumes of Ƀ5.2k and up 1.36% against the dollar at $0.2377.
Zcash is up 3.95% for the day to Ƀ0.03765 per ZEC and up 2.5% against the dollar to $306.95 with an average volume of Ƀ5.3k for the 24 hour period.
Monero is up 6.42% against the dollar at $158.07 and up 6.85% against Bitcoin at Ƀ0.01935 on volumes of Ƀ9.2k.
Ether Classic is up 0.09% to Ƀ0.00217 with volumes of Ƀ2.4k and down 1% against the dollar at $17.78.
Bitcoin Cash is up 30.09% to Ƀ0.1872 with volumes of Ƀ72.3k and up 28.48% against the dollar at $1526.31.
Iota is down 4.85% to Ƀ0.0001099 on Ƀ 3.1k volume.
Waves is down 2.9% to Ƀ0.0006423 on Ƀ2.3k volume.
Stratis is up 6.14% to Ƀ0.0004649 on Ƀ1.5k volume.
For more Updates tap on this link https://www.cryptocompare.com/email-updates/daily/2017/november/23/
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