Market Analysis Report 21 June 2017

Bitcoin Surges; Ethereum Crashes

Bitcoin is recovering as reports on the latest scaling developments appear, commenting on the likely activation of the SegWit2x agreement at an 80% hashrate approval and as mining pools signal their support for the activation of the agreement that would see SegWit implemented along with a 2x block size increase. Bitcoin is now making its way back to the $3000 mark. Currently sitting at $2757, Bitcoin has grown 4.79% in the last 24h.

In the meantime, Ethereum has taken an 11.20% fall on the BTC/ETH market to 0.1240 BTC. Ethereum is sitting at $336.26 with over $222M exchanged on the ETH&USD pair in the last 24h.

Aventus: Bringing Oversight and Transparency to the Ticketing Industry

The ticketing industry needs to change! Aventus’ blockchain-based platform eliminates uncontrolled resale and counterfeit tickets. It allows event organizers to create, manage and promote their events and tickets with reduced costs, letting them set price controls and receive commissions on ticket resales. It also gives ticket buyers rewards for promoting events, and identifying fraudulent activity.

In order to fund the development and marketing of the Aventus protocol, an Initial Coin Offering will take place. Join the Aventus ICO and help change the ticketing industry for the best both for the fans and for the event organizers.

Status Raises Millions (So Far) But Leaves Buyers Waiting

An Ethereum-based messaging app held an initial coin offering yesterday, drawing in more than $50m worth of Ether – as well as broad complaints from would-be investors. The sale quickly ran into headwinds as users began sending transactions to the announced smart contract address before it began.

That backlog accelerated as more users tried to purchase tokens, triggering reports of failed transactions and accusations that the sale itself was flawed from the start. But it wasn't just the network itself that got bogged down, according to posts on social media. Wallet service MyEtherWallet saw a big uptick and Etherscan had to switch traffic to a backup site.

Illinois Government Sponsors Month-Long Blockchain Hackathon

The IBI Hack, a month-long virtual hackathon set to begin on 1st July, is being organized by the Illinois Blockchain Initiative along with blockchain technology startup Fulcrum. The event is open to students and recent university graduates from around the world, with all entries due on 31st July.

IBI Hack is part of the Illinois Blockchain Month, a month-long initiative that will see a series of educational events hosted across the state focused on the tech. The events are aimed at trying to teach people what blockchains are and what they can do. State governor Bruce Rauner said in a statement:

"Illinois is the state of innovation, and I am proud to see our young men and women getting involved in the Illinois Blockchain Initiative Hack. Empowering our youth is empowering the future of Illinois."

Please Note: This report has been provided by CRYPTOCOMPARE
Visit them at https://www.cryptocompare.com