ATHplease
CRYPTO OF KOREA
NOVEMBER 23RD-24TH
November 20th-24th
- BTC/BCH NEWS
- WHAT’S UP…DATES ON ETH
- IN OTHER NEWS
- ONGOING CALENDAR
MARKETCAP ANALYSIS
Recap from 11/20
At the time of writing:
Market Cap: $243,311,416,536
24h Vol: $7,403,167,283
BTC Dominance: 56.2%
Recap from 11/23
At the time of writing:
Market Cap: $250,189,817,897
24h Vol: $9,789,149,68
BTC Dominance: 54.8%
As of 11/25
Market Cap: $263,722,939,104
24h Vol: $13,833,902,127
BTC Dominance: 52.2%
BTC/BCH NEWS
Quiet in the BTC realm. We’ve been hovering above $8000 for a few days, but lots of TA is saying BTC is looking bullish. This beautiful TA by TheTrex shows potential, but says we are limited by the resistance near ATH levels. BTC never fails to surprise though.
• https://www.tradingview.com/chart/BTCUSD/LbDMsbhx-Bitcoin-Squaring-the-Circle/
Roger Ver on BTC/BCH
• https://coinjournal.net/roger-ver-hold-majority-cryptocoin-wealth-bitcoin-cash/
Synopsis:
Ver indicated he is “very confident” that Bitcoin Cash will overtake Bitcoin in terms of market cap, price, user adoption, and other metrics multiple times throughout the interview. However, he added that some other cryptocurrency, such as ether, may end up taking the number one spot. Much like Ver now has most of his cryptocurrency wealth in Bitcoin Cash, Coinbase CEO Brian Armstrong now holds more ether than he does bitcoin, according to Fortune.
“I can’t exactly say how soon it will happen, but I think it’s going to surpass [Bitcoin] here shortly as well,” added Ver.”
- Ver
BTC/BCH – Difficulty Adjustment (Operation Dragonslayer)
Well nothing happened that the public expected and the difficulty adjustment was last night. Operation Dragonslayer was supposed to be on 11/24 according to the whiteboard showed in the last TL;DR. It seems there was a lot of attention drawn away from BCH with BTD and BTG during this period of possible shifting however.
There have been 2 Antpool BTC blocks since the adjustment. The last 2 blocks were mined by Via and Antpool.
Some people think the shift will come in the next 2 weeks as the difficulty adjustment was -1.28%, so a bit easier. /r/BTC BCH lovers say the lock in for 2016 blocks is the bigger deal -- Same as Nov 10: downward pressure on BTC, hashpower moves to BCH, mempool blows out, downward pressure continues. But now it's 2016 blocks (2+ weeks, more if hashpower moves) until BTC could downshift on difficulty.
Prior to the DA the Bitcoin Diamond snapshot was taken AS WELL AS Bitcoin Gold being released to wallets on all Korean exchanges spaced out by several hours on the 24th. Bitcoin Gold was released on Bithumb hitting an ATH of 1,400,000KRW. It is currently sitting around ~450,000KRW. At that time the difficulty of BTG went to 11,155,638.894 vs the 7 day avg of 4,777,090.249 over 200% increase. Korea always holds the most volume for BCH so shifting their attention with 4x BTG increases and free BTD is a great way to keep people from piling on to BCH.
For now they seem to be in sync with ups and downs.
Ver vs Blockchainers Interview
•
Synopsis:
Ver and Blockchainers recently did a live YouTube interview. It came across as Ver totally enamored with BCH and his attempts to promote it while Blockchainers seemed to be clear BTC supporters and shut him down on every turn. It could be one reason we saw a shift in green BCH volume as this was on Thursday evening.
BCH vs Core
•
Blockstream posted this photo one hour after the interview:
Old Mutual - Gold & Silver Fund investing in Bitcoin…
• https://btcmanager.com/old-mutual-gold-silver-fund-invest-bitcoin/
Synopsis:
The announcement was made by the fund manager Ned Naylor-Leyland in an interview with Bloomberg on November 16. The fund that manages over 220 Million of precious metal equities has started to invest in bitcoin in early April.
“Bitcoin was explicitly designed to be digital gold. So if you’re going to have a small proportion of a fund in bitcoin, it should be in a gold fund, because that’s exactly the point. It’s about bringing the ownership of disciplined money into the modern world. Bitcoin is paving the way for the reintroduction of gold as global money.”
“No plans” to regulate Bitcoin in Korea!
• https://www.coindesk.com/south-korean-finance-watchdog-has-no-plans-to-regulate-bitcoin-trading/
Synopsis:
The governor of a South Korean financial regulator has said it has "no plans" to supervise cryptocurrency trading, according to a report.
In remarks made to reporters today, Choe Heung-sik, chief of the Financial Supervisory Service (FSS), said that, since his agency does not view cryptocurrencies as "legitimate currency," the FSS does not intend to supervise trading of the digital assets.
WHAT’S UP…DATES ON ETH
ATHs on ATHs… But why?
Synopsis:
Mike Novogratz's prediction of Ethereum hitting "close to $500" before years end. Mike is a Wall Street guy, and one who did quite well there. Because of this, some big money investors really listen when he speaks. When he made this prediction Ethereum was around $380, so many listening thought they still had time to get in, and did.
Ethereum is getting a major upgrade soon the CASPER upgrade hits the Ethereum network. Code was released by Ethereum's developer Vlad Zamfir on Tuesday of this week, and it appears to already have evolved from what Ethereum creator Vitalik Buterin presented at Devcon just weeks earlier. CASPER is expected to make drastic changes to the Ethereum network, and will reduce the role of miners drastically - well, eventually, pretty much completely.
South Korea the current Ethereum hype hit South Korea in the big way, trading volume from that nation's exchanges broke $2 Billion in the last 24hrs!
Virtuoso – Derivate exchange to come in early Q1. Virtuoso will be overseen by the U.S. Commodity Futures Trading Commission and aimed at institutional investors and corporations that have exposure to ether’s price swings
• https://www.coindesk.com/italian-bank-intesa-sanpaolo-exploring-ethereum-derivatives/
Number of Ethereum Devs is Increasing… like the price
• https://btcmanager.com/number-ethereum-developers-rapidly-rising-shown-truffle/
Synopsis:
Recently, Truffle, an open-source development environment, testing framework and asset pipeline for Ethereum, surpassed 200,000 downloads from individual developers. In the past three months, Truffle’s user base of developers has grown by 60 percent, which is a rapid rate for a development tool for a particular public blockchain network.
In July, Ivey Business School professor and highly regarded researcher JP Vergne stated in a research paper that the best indicator of a cryptocurrency’s market valuation and price trend is developer activity around its blockchain network.
“We found that the best predictor of a cryptocurrency’s exchange rate is the amount of developer activity around it,” said Vergne.
As long as the active developer activity around the Ethereum blockchain network is sustained in the long-term, the market valuation of Ethereum will likely rise exponentially throughout the upcoming months.
IN OTHER NEWS
XRP Updates
• https://xrphodor.wordpress.com/2017/11/24/xrp-investor-update-ripple-expanding/
Synopsis:
Once American Express has measured for itself the cost savings using before-and-after comparisons, it might result in XRP’s use at a future date.
New offices in Singapore and India.
Adding Asia-specific currency pairings is important to Ripple’s plan of introducing its technology to organizations – they intentionally will target more exotic corridors first. The currencies of the pacific rim provide the most dramatic benefits in cost reduction then start to target additional markets.
Added to 6 new exchanes in November : CoinZ, Binance, Coinrail, ZB.com, HUOBI Pro, GMO.
XRP will provide liquidity for specific currency-pair corridors for banks and organizations. This is the software package that has the highest potential to augment what is already a heightened level of speculation-based demand for XRP.
In a recent post on XRPChat, JoelKatz (avatar name for David Schwartz, Ripple’s Chief Cryptographer) provided the following quotes:
“There are other partners using or testing xRapid. But Cuallix is the only one that we have announced yet”
“I think we’re right at that critical point now where we are starting to pivot some customers to XRP for some corridors. We have enough adoption now and enough value and liquidity in XRP that that’s realistic.”
The XRP Lockup via an escrow crypto-condition will happen by the end of 2017. This means that 55 billion XRP will be taken out of circulation – in a historically precedent-setting way, with billions of dollars of value at stake.
Hyundai HDAC ICO
• https://coinjournal.net/hyundai-launch-token-sale-iot-blockchain-platform-hdac/
Synopsis:
Hyundai Pay, the Internet-of-Things (IoT) arm of Hyundai, will be holding a joint ICO with Hdac Technology to issue HDAC tokens. Hdac Technology, a company founded earlier this year by Dae-Sun Chung, the grandson of Hyundai Group founder Ju-Yung Chung, is the creator of the Hdac blockchain, an IoT contract and payment platform.
Hdac is a platform to control IoT devices, process approval between machines, unify IoT data, utilize big data, send mutual confirmation between IoT devices, and to develop a variance-application program based on trust.
Hdac has a new PoW mining algorithm (ePoW) that reduces mining monopolization and 3-minute blocks, amongst other differentiating features. It also introduces the concept of IoT contract, which allows a HDAC token to be repurposed for a specific function. For instance, a HDAC token can be turned to function as the unique key to start a smart car, or a smart home device.
IOTA
Looks like lowest support is .39usd and next lowest is .61usd. Top price targets are $1 and $1.20. It has a lot of potential. Currently the price is being pushed down hard on BFX.
• https://imgur.com/UYGwXt6
ZEC / LTC / ETC
Pretty much everything is headed up right now. Post China-fud ATH returns to new ATHs for the rest of the pack.
Kyber Network partners with Request Network
• https://blog.kyber.network/kyber-network-partners-with-request-network-to-benefit-consumers-and-merchants-618524b271bd
Synopsis:
Kyber Network and Request Network today announced an important partnership that will enhance the consumer experience by making Kyber Network a token conversion option within Request Network, and expand Kyber Network’s presence at point-of-sale. This partnership is set to provide increased value to both Kyber Network, Request Network users and merchants.
DASH Potential
• http://www.the-blockchain.com/2017/11/22/dash-kuvacash-partner-fight-inflation-zimbabwe-cryptocurrency/
Synopsis:
KuvaCash is a Dash-record $550K USD undertaking, funded directly by the Dash treasury via its unique governance model, and aims to provide Zimbabwe with its first-ever peer-to-peer localized cryptocurrency payment service for anyone with a phone-number-based messaging system.
Set to commence in Q2 of 2018, KuvaCash will introduce a cash replenishment model to instill confidence in residents, allowing them to cash out their digital currency into USD fiat at any time, greatly reduce transaction fees, and provide enhanced financial security and liquidity.
KuvaCash is pursuing a money exchange and remittance license in Zimbabwe and the project is expected to receive government and reserve bank backing.
The entire proposal was approved and fully-funded by Dash’s masternode system, making it the largest single proposal to date.
ONGOING CALENDAR
Date Event
November 24th Decred (DCR) - features required for activation of LN (lightening network) have completed development, passed the on chain vote process, and are releasing.
November 24th Ardor (ADR) - Final Ardor testnet release. Source code is released for review under temporary license, no cloning allowed. Node JS module and Mobile App
November 24th ZCoin (ZOI) - The release will happen in tandem with a fork/network update!
November 24th LAToken - LATOKEN announced that a major update will happen this week.
November 24th Confido - We can confirm that CFD will be listed on FOUR new exchanges: Cryptopia, Mercatox, IDEX and R
November 25th BTC - Lightning Labs Has Announced Its User Interface Wallet
November 25th Bitsend (BSD) - Segwit activation.
Bitsend enalble the new masternode segwit system.
https://bitsend.info/the-first-masternodecoin-with-core-0-14-and-segwit/
November 26th Decred (DCR) – Lightning Network
November 26th NEO – dApps winners announced
November 27th BitBay (BAY) – Web Wallet Release
November 27th Bitshares (BTS) – Core Client Update
November 27th NEO (NEO) - Ontology Network Launch + NEO Ecosystem Sharing Session
China & USA blockchain meetup in Manhattan NYC
November 27th & 28th Metal (MTL) – Manuka Doctor Necker Cup
The 2017 Manuka Doctor Necker Open presented by Metal is a six day/seven night, all-inclusive world-class Pro-Am golf event featuring top PGA Pros & Legends.
The 2017 Manuka Doctor Necker Cup presented by Metal is a six-day/five-night, all-inclusive world-class Pro-Am tennis featuring top ATP /WTA Pros & Legends and Sir Richard Branson who are paired up with amateur teams of all levels, who compete in this fun and spirited tennis competition.
November 28th SALT - SALT will be attending the Consensus Invest event.
November 28th Stellar Lumens (XLM) - Ella will be at Block Show Asia in Singapore, sharing Stellar’s solution on using blockchain technology in the cross-border payments
November 28th Iconomi (ICN) - Matej Tomazin of ICONOMI will attend Consensus: Invest, the world’s first digital asset investor outlook event. Anyone interested in meeting
November 28th Stellar Lumens (XLM) - Ella will be at Block Show Asia in Singapore, sharing Stellar’s solution on using blockchain technology in the cross-border payments
November 29th Stratis (STRAT) - Stratis will be attending and speak at a host of bitcoin and blockchain conferences. Starting with the Blockchain Expo at Santa Clara in Silicon Valley on the 28th November to 30th November, we will be attending and be exhibiting our technology.
November 29th WAVES, STEEM, CARDANO added to CoinRail
November 29th ICO Event Amsterdam - One of the 1st conferences in Europe dedicated to Initial Coin Offering. Business & educational platform for investors and startup founders.
November 29th Blackmoon Crypto (BMC) - Blackmoon CEO Oleg Seydak will be attending Blockshow Asia 2017 by CoinTelegraph which will take place November, 29–30 in Singapore
November 30th Stellar Lumens (XLM) - Ella will head over to Seoul for the Inside Fintech Conference, where she will be participating on a panel about future of payments and
November 30th Everus (EVR) - Everus presents its official EVR Mall.
Everus with VISA will issue multicryptocurrency debit cards linked to the full-feature Everus wallet.
November 30th LISK (LSK) – 9 new team members
Security Audit on main components
November 30th NEM (XEM) – Fintech Conference in Seoul
http://www.insidefintechconference.com/seoul/2017
November 30th OmiseGO (OMG) - Omise Open House company event. Conversation event with the Omise's CEO Jun Hasegawa about Omise's vision of the future of payments.
November 30th Raiden Network (RDN) - Micro Raiden launched on mainnet.
November 30th BitBay (BAY) – Hard Fork
November 30th Triggers (TRIG) – Master Nodes
November 30th BitConnect (BCH) - Joshua Jeppesen, Bitconnect Development Director will speak at the Blockchain conference held in Santa Clara, CA.
November 30th ZenCash (ZEN) - FIRST EVER privacy coin launching Secure Node Network onto Mainnet. Beta will run for 2 weeks.
November 30th Ripple (XRP) - Japanese exchange GMO has announced they will add XRP/Ripple to their exchange from November.
November 30th XZC (Zerocoin) won the binance voting occured in the beggining of november, choosed by community to enter the exchange. No date yet
November 30th Stellar Lumens (XLM) – XLM + NEO Meetup | The Future Of Blockchain With The Founders of NEO, Elastos, & Stellar at 6:30pm-10:00pm PST
December 1st Cryptocurrency World Expo Warsaw - The Warsaw Summit is attended by the full gamut of the cryptocurrency sector from the biggest exchanges to brokers, payments providers, fintech, miners, traders, ICO participants and cryptomaniacs.
With over 1 400 delegates in Multiplex in Zlote Tarasy (Golden Terraces) in the heart of Europe, lectures in the biggest cinema hall in Poland.
December 1st Dash (DASH) – Cannabis Ind Launch Dash to solve Cannabis Industry’s Cash Problem. The platform’s initial release is scheduled for December of this year.
December 1st Cardano (ADA) - The Roadmap will be updated.
December 1st MEtaverse (ETP) – Korea Meetup
December 4th Melonport and ICONOMI at Disrupt Berlin conference
“They have different approaches to the same issue and both focus on cryptocurrencies as investment vehicles. “
We've got a group for crypto in Korea on Kakao chat.
The group will also be contributing to a research pool information fund.
Hopefully our combined insights and finds will provide strength in numbers. Got about 115 people so far, going to close the room with a key around 200 and do invite only. We've got a mix of long term hodlers and day traders. Hope to see you guys in there!
https://open.kakao.com/o/ggzbdFB