Uzbekistan will start to monitor the medications using the blockchain technology

The Russian company Industrial Alliance Blockchain implemented blockchain technology to the work of the Uzbek State center of examination and standardization of medicines, medical devices and medical equipment. It is expected that now every drug in the system will receive your electronic certificate with a guarantee of quality and authenticity.

“We started with the simplest – the introduction of the blockchain in a database of drugs… the Blockchain will make transparent all actions in the database, thereby increasing the level of confidence in the system of state quality control of pharmaceutical products.

Our next steps is to register on the platform the blockchain the full life cycle of the product,” said Bobir of Akimhanov, investment Director of technology local support Fund the development of the digital economy the “Digital trust”, which in early October signed with the Russian company, the Memorandum of cooperation in the field of blockchain technology.

Recall that in July, President of Uzbekistan Shavkat Mirziyoev signed a law on measures for development of digital economy in the Republic, in which the introduction and development activities in the field of trafficking scriptaction, mining, the blockchain training of specialists, international cooperation in the blockchain industry and the legal framework for the industry related to key areas.

And in mid-October, the Russian Association IPChain and innovation Department of the municipality of Tashkent signed a Memorandum of understanding in the field of development of intellectual property infrastructure in the capital of Uzbekistan on the basis of the application of blockchain technology.

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Weekly market analysis cryptocurrencies and ICO (20-26 November 2017)

Information on 26.11.2017 (results for the period from 01.07.2017)[i]

Authors:

  • Dmitry Kornilov, doctor of economic Sciences, academician of RANS, senior analyst ICOBox
  • Dmitri Zaitsev, candidate of economic Sciences, head of international public relations and the Department of business analysts ICOBox
  • Nikolay Evdokimov, co-founder of ICOBox
  • Michael raitzin, co-founder of ICOBox
  • Anar Babayev, co-founder of ICOBox
  • Daria Generalova, co-founder of ICOBox

The study presents data on dynamics of changes on cryptocurrency market on the market of the ICO in the third and fourth quarter, but the main emphasis is on the analysis of the changes from the beginning of November 2017, including over the past week (20-26.11.2017).

1. A General analysis of the market of cryptocurrencies and assets (per week, month, quarter). Market dynamics

1.1. A General analysis of the market of cryptocurrencies and assets (week, month)

Table. 1.1. Dynamics of capitalization of the stock market and the major currencies with 01.08.2017, 26.11.2017 G.

In the period from 1 to 26 November 2017 the total market capitalization of cryptocurrencies (Total Market Capitalization) increased by 100 billion USD, i.e. with 182,65 to 281,29 billion USD (as of 26 Nov 2017 00:00 UTC, see table. 1.1). Over the past week (20-26.11.2017) the market capitalization has increased by about 48 billion U.S. dollars. Moreover, an increase of 17.2 billion US dollars was only due Bitcoin market capitalization which grew from 129,6 to 146,79 billion U.S. dollars. The growth of capitalization altcoins for the week amounted to 30.5 billion U.S. dollars (from 104 to 134,5 billion US dollars). To increase the capitalization of altcoins affected mainly courses Ethereum, Bitcoin, Cash, Gold, Bitcoin, Ripple, Litecoin, Dash, Monero, Ethereum Classic, etc., so capitalization increased almost all the top ten cryptocurrencies, except IOTA and NEO.

For the period from 20 to 26 November courses Bitcoin, Ethereum, Bitcoin and Litecoin Cash increased by 13.17%, 34,13%, of 24.62% 27,95%, respectively.

Last week lasted the growth rate of Bitcoin, the cost of which during this period increased from $7 766 $8, 789, and at the end of the week exceeded $9 500. However, its market share declined from 55.5 per cent to 52.2%, and a greater role was played by Altcoins. In particular, significantly increased the capitalization of Ethereum and Bitcoin Cash, at 11 and 5 billion USD respectively (see table. 1.1).

Over the past week, the dominance structure in the top 7 of cryptocurrency by capitalization changed since Dash and Litecoin moved to the sixth and seventh positions, and the fifth place was taken Bitcoin Gold with a total capitalization of more than 6.1 billion U.S. dollars (see Fig. below).

Thus, the cryptocurrency has confidently entered the top five leaders in capitalization, and the past 24.10.2017, hardwork Bitcoin, which appeared in Bitcoin Gold, can be considered quite successful.

Quite unexpected for many has become the next Bitcoin hardwork conducted 23.11.2017, the team of anonymous developers. As a result, the stock market appeared the Bitcoin Diamond, which, according to its creators, has supported 28 exchanges and a few purses.

The hallmarks of the new cryptocurrencies are more nuanced privacy protection, in faster confirmation of transactions to reduce transaction fees and cost of participation. The maximum volume (Max Supply) release Bitcoin Diamond is 10 times more than the previous clones of Bitcoin, and is 210 000 000 BCD, and the maximum block size increased to 8MB (same as Bitcoin Gold).

However, a number of experts expressed doubts about the safety of the use of the presented web wallets. So, one of them said: «What is alarming in this project is on the website still has not posted the wallet for a full node, but only links to several web wallets». The Bitcoin Diamond 24.11.2017 city ranged from $61 to $103, and at the moment is $66-68 (26.11.2017).

The main causes of changes in the exchange rates of the leading cryptocurrency in a week are presented in table. 1.3.

Smith + Crown Index for the last week of November increased significantly – from 14 to 17 548 004.

To analyze the activity of trading on the crypto currency exchange is calculated the index of ZAK-n Crypto (see Glossary). Indices ZAK-ZAK and Crypto 3-6 Crypto is presented in table. 1.1, 1.2.and, 1.2.b. So, 12.11.2017, trading volume (Volume 24h) for the three dominant cryptocurrencies (Bitcoin, Ethereum, Bitcoin and Cash), the first time exceeded 18 billion U.S. dollars per day, reached 18 942 million U.S. dollars (table. 1.2.a). The index value of the ZAK-3 Crypto amounted to a record 12%, which indicates a very high liquidity and dynamism of the market dominant cryptocurrency.

Table. 1.2.. Daily calculation of the index ZAK-3 Crypto (con 02.11.2017, 26.11.2017)

Trading volumes 24 hour (24h Volume) for the six dominant cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin and Dash) at the end of last week was 8 903 million USD (tab. 1.2.b), i.e. 3.7% of their market capitalization. More indexes ZAK-ZAK and Crypto 3-6 Crypto considered in the table. 1.2.and 1.2.b.

Table. 1.2.b. Daily calculation of the index ZAK-6 Crypto (extension table 1.2.a)

In table. 1.3 presents the key events of the week (20-26.11.2017), influenced the course of the dominant cryptocurrency and the stock market in General, indicating the nature and extent of their influence.

Table. 1.3. Key events of the week that influenced the course of cryptocurrency 20-26 November 2017

High trading activity (Volume 24h) relative to market capitalization contributes to the volatility of the cryptocurrency market, which can lead to sharp changes in their prices.

In Fig. 1 shows the mutual movements of Bitcoin and Ethereum since the beginning of November (Fig. 1; table 1.4.a,b).

In Fig. 1 shows that in the period of imminent hard forks of Bitcoin, up to 08.11.2017 G. it has been rising after the announcement of the cancellation of this event was a sharp decline in the exchange rate of Bitcoin against the background of this abrupt change of course Ethereum, and then, after a few days that were required for stabilization (up to 15.11.2017 g), the growth of Bitcoin has resumed and has remained stable over the past two weeks. The launch of a Bitcoin Diamond in the new hard forks of Bitcoin (23.11.2017 g) also spurred the interest in Bitcoin, as many of its holders interested in a possible bonuses from the developers of a new cryptocurrency.

Since the beginning of November course Ethereum, in turn, grew from $305 to $466. Particularly intense growth in the past week. As noted above, the developers of Ethereum released code new version of the Protocol, Casper (21.11.2017 g), which had a positive impact on demand.

Below, the dynamics of changes in the pair Bitcoin and Bitcoin to Cash (see table. 1.4.a,b; Fig. 2).

Fig. 2 illustrates the struggle for the market between veteran and young stock market Bitcoin cryptocurrency Bitcoin Cash. On some days the growth of the Bitcoin to Cash was accompanied by a decrease in the rate Bitcoin and Vice versa. Especially obviously this tendency was observed in the period after the abolition of the updates (hard forks) of Bitcoin.

The following is an analysis of daily changes in exchange rates of Bitcoin, Ethereum, and Bitcoin is Cash for the current month (tab. 1.4.a,b,C).

Table. 1.4.. Daily dynamics of exchange rate, trading volume (Volume 24h) and capitalization of the Bitcoin (BTC) to US dollar (c 01.11.2017, 26.11.2017)

Table. 1.4.b. Daily dynamics of exchange rate, trading volume (Volume 24h) and capitalization of Ethereum (ETH) in relation to the U.S. dollar (c 01.11.2017, 26.11.2017)

Since the beginning of November the exchange rate of Bitcoin rose from $6 440,97 to $9 330,55, and the rate of Ethereum – $305,76 to $471,33 (table. 1.4.a,b). Thus the highest Bitcoin exchange rate ($9 522,90) and Ethereum ($485,20) was recorded 26.11.2017 and 25.11.2017, respectively. The greatest daily fluctuation (Range) Bitcoin exchange rate was $1 106 (12.11.2017 g), and of course Ethereum – $78,20 (24.11.2017). Courses Bitcoin and Ethereum from the beginning of 2017 rose 9.35 and 57,69 times, respectively (see table. 1.4.a,b).

Dynamics of prices of Bitcoin, Ethereum and Bitcoin Cash in November 2017 is presented in Fig. 3, 4, 5.

According to the data shown in Fig. 3, in changing the course of Bitcoin growing sine wave. Of course Ethereum can be noted about the three-day cycle of growth and decline, which goes into exponential growth (23-24.11.2017) and 25.11.2017 city to a new level of $450-460 (Fig. 4). The course of Bitcoin Cash is characterized by possible sharp jumps (12.11.2017). All this suggests that part of the market participants periodically changes their preferences (see table. 1.4.in). However, over the past two weeks, it became apparent a growing interest in most of the dominant cryptocurrency and the growth of the total capitalization of the stock market.

Table. 1.4.in. Daily dynamics of exchange rate, trading volume (Volume 24h) and capitalization of the Bitcoin Cash (BCH) in relation to the U.S. dollar (c 01.11.2017, 26.11.2017)

The General index of the change Bitcoin to Cash August 1, 2017, made up 4.57 (for the base calculation of the adopted rate of $380 at the end of the day 01.08.2017 g), i.e. for the period after hard forks of Bitcoin and new Bitcoin Cash its rate increased by 357%, while the growth rate occurred from the beginning of November. And, as mentioned above, Bitcoin Cash now ranks third in size of capitalization, equal to 26.4 billion U.S. dollars.

In table. 1.5 presents a list of events, information about which appeared last week and which can affect the certain cryptocurrency and the market in General.

Table. 1.5. Events that can affect the course of cryptocurrencies in the future

1.2. Market dynamics

Weekly dynamics of the market of cryptocurrencies and assets 02.07.2017, 26.11.2017. presented in the form of diagrams (Fig. 1.1-1.5)*.

Table. 1.6. Symbols and characteristics of the charts

In Fig. Figure 1.1 shows the weekly changes in the cryptocurrency market with 02.07.2017, 26.11.2017 During this period, market capitalization grew from 94 to 283 716 044 million U.S. dollars, and relative to the beginning of the year growth was 1 499%. Over the past week, the total market capitalization increased from 233 808 million U.S. dollars to 283 044 million US dollars (as of 26.11.2017).

Despite the substantial increase in the market capitalization of crypto-currencies for the third quarter of 2017 and for the year overall, the market is subject to sharp fluctuations. A significant reduction was observed at week 09-16.07.2017 (-28%) and in the first two weeks of September (03-10.09 and 11-17.09.2017), by 25 203 million U.S. dollars (-15,1%) and 20 817 million USD (-15%) respectively. The highest growth in the third quarter was 39% (16-23.07.2017).

Over the past week (20-26.11.2017) total market capitalization of crypto-currencies increased by 49 236 million dollars, or 21% (including average data per day). The increase was due to an increase in the market capitalization of Bitcoin by 17.2 billion US dollars, but also played a certain role and Altcoins, including Bitcoin Gold by increasing its market capitalization to 6.1 billion U.S. dollars.

The total number of types of cryptocurrencies and scriptactive on the stock exchange since July has increased from 881 to 1 249. Only for last week their number increased by 10, from 1 to 239 1 249. At the same time for the analyzed period, the average market capitalization of cryptocurrencies and scriptactive increased from 188,7 to 226,6 million dollars.

In the four weeks of October (01-29.10.2017) the cryptocurrency market has grown from 146 to 170 924 353 million U.S. dollars over the next two weeks (30.10-12.11.2017 g), he reached 200 964 million U.S. dollars. Total market capitalization for the first time exceeded 200 billion USD on 3 November, but only 20 days has exceeded 250 billion U.S. dollars (23.11.2017). Last week (20-26.11.2017) was characterized by a market growth of 21%, while growth was observed in all largest cryptocurrency in the top 10, except IOTA and NEO. The structure of the stock market has changed in favor Altcoins, Bitcoin share decreased to 52.2%.

Forecast for the achievement of a Bitcoin to $10 000 before the end of the calendar year becomes more likely. As a whole, the stock market has increased significantly. Its market capitalization has increased 16-fold, from 17.7 to 283 billion US dollars (26.11.2017).

2. General market analysis ICO (week, month)

2.1. Market overview, news for the week

  • Philippine Regulators Eye New Rules for Bitcoin Exchanges and ICOs
  • ICO Funding Spikes to $2.8 Billion 2017: Funderbeam
  • Bermuda has established a task force on cryptocurrency and the blockchain
  • The project is Confido vanished after the ICO, which grossed $375 thousand investment

2.2. Aggregated indicators of the dynamics and efficiency of the market the past (completed, ompleted) ICO

To assess the dynamics and efficiency of the market is successfully finished and/or released to the stock exchange ICO offers a set of tools (see table. 2.1).

Table. 2.1. Tools to assess the efficiency of the market is successfully finished and/or released to the stock exchange ICO

Table. 2.2. Aggregated indicators of the dynamics and efficiency of the market the past (completed Completed) ICO4

Data for the third week of November (13-19.11.2017) adjusted to reflect the appearance of more complete information on revised ICO. In the end, the total amount of attracted funds amounted to 140,7 million dollars. Last week (20-26.11.2017) the amounts of fees by the ICO has made 147,1 million dollars. This amount consists of the results of 14 completed the most successful ICO, the greatest amount of fees amounted to approximately 30.9 million United States dollars (ICO CyberMiles). The average value of funds raised for one project is 10.5 million dollars. More detailed data on 14 major ICO the last week are presented in table. 2.5.

2.3. Aggregated indicators to assess the market for existing and planned (Active, Planned) ICO

Table. 2.3. Aggregated indicators to assess the market for existing and planned (Active, Planned) ICO

The number of projects engaged in (Active) ICO is 26.11.2017 G. 287. At the moment there is information at least about 260 ICO scheduled after 26.11.2017 year, of which next week plans to hold more than 27 ICO.

2.4. Quantitative analysis of the market ICO

The amount of attracted funds and the number of ICO

Table. 2.4. The amount of attracted funds and the number of ICO

Table. 2.4 shows that the largest number of funds was drawn by the ICO in June 2017. In the same month, the average number of funds (Average funds collected) one ICO made up of 33.17 million dollars.

The data of the last week (20-26.11.2017) may be subject to adjustment as information on fees completed ICO will be revised.

2. Top ICO

Table. 2.5. Top 14 ICO on volume of attracted funds (20.11-26.11.2017)

In table. 2.5 presents the top-14 was successfully completed last week the ICO with the largest amounts of borrowed funds. The leader was a project in the field of e-Commerce and e-Commerce CyberMiles. On the basis of the blockchain CyberMiles creates a market for small business lending, providing reliable and secure transaction process between traders. CyberMiles cooperates in this project with a well known company 5miles, which has more than three years working in the field of marketing and trade in the United States.

3. Top ICO in separate categories

The ICO list of top categories based on the categories of ICO leaders weeks.

Table. 2.6. Top 10 ICO on volume of attracted funds in the category Commerce & Advertising

In table. 2.6 presents the top 10 ICO in the category of Commerce & Advertising. All these projects were implemented in 2017. More than half of them completed the ICO in November 2017, including last week – Bodhi and the Zap Store. In this regard, currently there is no data about the effectiveness of their go-to crypto currency exchange. The Wax project, completed ICO 15.11.2017, is a category leader by volume of attracted funds. This project was discussed in the previous report. In second place is project Basic Token Attention, which attracted 35 million US dollars, having 1 000 000 000 coins in 30 seconds and costs about $0,036 per token. Currently they are sold on the crypto currency exchange of approximately $0,18. Thus, the efficiency is 5x. The total market capitalization Basic token Attention Token on 26.11.2017 city is about 180 million U.S. dollars.

The ratings of ICO in the categories of Infrastructure and Trading & Investing has been presented in previous reports. The ratings of ICO in the categories of Payments and Finance are presented below.

Table. 2.7. Top 10 ICO on volume of attracted funds in the category Payments

The UTRUST project, completed last week (the second place in top-14 ICO on volume of attracted funds over 20-26.11.2017), in overall rating category ranked seventh. At the moment in the category of Payments in terms of «Efficiency» (Token Performance), all projects of the top 10 have values of from 0.28 to x 28,17 x. One of the most successful can be considered the process of going public ICO OmiseGo, because this project has a relationship to the Current Token Price of Token Sale Price is 28,17 x. When considering this indicator should take into account the timing of completion of ICO OmiseGo (05.07.2017 g), i.e. a growth of 28.17 times occurred in about 4.5 months, and the market capitalization OmiseGo currently exceeded 850 million US dollars.

Table. 2.8. Top 10 ICO on volume of attracted funds in the category Finance

In table. 2.8 presents the top 10 ICO in the category of Finance. More than half of the projects carry out the sale of tokens on cryptomeria. The capitalization of the category leader (project KyberNetwork) is 169,3 million dollars.

For the last period (20th-26th.11.2017) ICO has successfully completed 14 projects, each of which attracted more than 100 thousand U.S. dollars, the total amount of attracted funds amounted to no less than 147,1 million dollars. Leader of the week was the project CyberMiles (30.9 million U.S. dollars). The volume of funds for a number of ICO has not reached the level of 100 thousand USD (for individual project details to be confirmed). Next week is planned to hold at least 27 ICO.

Glossary

Key concepts Definition
Initial coin offering, ICO (initial coin offer, initial placement of coins) Form of collective support for innovative technological projects, a variety of sales and attract new supporters through the primary offer coins for future holders in the form of a blockchain-based cryptocurrency (tokens) and scriptaction.
Market capitalization (Rwalking down market capitalization ) The value of the object calculated based on the current market (stock) prices. It is a financial measure used to evaluate total cost of market-based instruments, actors and markets. [Source: https://ru.wikipedia.org].
Cryptocurrency market capitalization as Total market value traded in the cryptocurrency market.
Total cryptocurrency market capitalization as Market capitalization of crypto-currencies and assets, i.e. the total market value of traded cryptocurrencies and assets.
Token reward The effectiveness of token (current token price of / the price of a token at the time of the ICO), i.e. the reward of one dollar invested in the token.
Dominance Market share, i.e. the ratio of the capitalization of cryptocurrencies (the token) to total market capitalization. Expressed as a percentage.
Token sale price

Current token price

The price of a token at the time of the ICO.

The current price of a token.

Not Mineable

 

The coin is not manitsa (from the English. mining). Refers to a crypto currency (tokens) which have no function hashing or not produced in the mining process.
Premined Remaininga coin. Refers to a crypto currency (tokens) which are produced in the mining process, but a certain amount of coins (tokens) was created and distributed to defined users when the project starts.
The rate of market increase (in % to the beginning of the year) The growth rate of market (% YTD), i.e. how much % of the market capitalization increased relative to the beginning of the year.
The growth rate of the market (in % to the beginning of the year) The market growth rate (% YTD), i.e. how many times has changed the market capitalization relative to the beginning of the year.
Increase in market capitalization (in million USD compared to previous period) The increase rynochnoi capitalization of cryptocurrencies and assets (in millions of U.S. dollars the previous period), i.e., how many million dollars of change in the market capitalization for the period.
The rate of market increase (in % compared to previous period) The growth rate of the market (in % to previous period), i.e. how much % the market capitalization has increased over the period.
The market growth rate (in % compared to previous period) The market growth rate (in % to previous period), i.e. how many times the increased market capitalization relative to previous period.
Number of cryptocurrencies and digital assets The number of crypto-currencies and assets. At the time of formation of the Glossary of the market turned more than 1070 species of crypto-currencies and assets.
Average market capitalization as The average market capitalization, i.e. the ratio of market capitalization of all cryptocurrencies and assets to their number.
Token return Indicator of the effectiveness of funds spent on the purchase of tokens, or the ratio of the current price of the token and the sale price of the token, i.e. the efficiency of investment of one dollar in tokens at the stage of sale of tokens, with their subsequent sale on the crypto currency exchange for US dollars.
ETH reward – current dollar value of $1 spent on buying tokens during the token sale An alternative indicator of the effectiveness of funds spent on the purchase of tokens in the period of the ICO, or the ratio of the current rate of ETH to his course at the beginning of the sale of token-ICO, ie if one dollar were not invested in the ICO and at ETH in his course at the beginning of the sale of tokens, and then sold at the current rate of ETH.
BTC reward– current dollar value of $1 spent on buying tokens during the token sale Similar to the previous: an Alternative indicator of the effectiveness of funds spent on the purchase of tokens in the period of the ICO, if one dollar was invested in BTC at the exchange rate at the beginning of ICO, and then sold at the current rate BTC.
Token/ETH reward The ratio of economic benefits/losses of the market participant in connection with the purchase of tokens at the stage of the ICO to the possible investment in ETH. If the value is > 1, then the market participant has achieved greater effectiveness of investments spent on tokens than if he invested in bitcoin ETH.
Token/BTC reward The ratio of economic benefits/losses of the market participant in connection with the purchase of tokens at the stage of the ICO to the possibility of investing in BTC. If the value is > 1, then the market participant has achieved greater effectiveness of investments spent on tokens than if it invested in cryptocurrency BTC.
ZAK-n Crypto index The index is calculated as a percentage and represents the ratio of the volume of trades (deals) at cryptocurrency exchange per day (24h Volume) at the n dominant cryptocurrency to the sum of their market capitalization.

In the calculation of the index ZAK-3 Crypto , there are three dominant cryptocurrency, which was selected as Bitcoin, Ethereum and Ripple, as at the beginning of 2017, the market capitalization was the highest.

In the calculation of the index ZAK-5 Crypto takes into account the trading volume and market capitalization of the five cryptocurrencies: Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash. The index on the five currencies with the highest market capitalization at this moment (September 2017) is calculated from August 2017, as it is in August 2017 on a crypto currency exchange appeared cryptocurrency Bitcoin Cash resulting from the separation of bitcoin.

 

[i] disclaimers and limitation of liability

Despite the fact that the information contained in this document is regarded as authentic, ICOBox makes no representations and gives no warranties, Express or implied, regarding its completeness or accuracy. The information presented in this document may include certain statements, estimates and projections. Such statements, estimates and projections reflect assumptions concerning anticipated ICOBox trends that can be realized or not. ICOBox refrains from making any representations as to the accuracy of such statements, estimates or projections, and actual results may differ materially from those discussed in such statements, estimates or projections.

The expected financial results may be affected by changes in economic and political conditions and other future events that cannot be forecast. ICOBox makes no representations or warranties regarding the feasibility of forecasts or data, information and assumptions contained in the document. Approval and evaluation, constitute our opinion, formed on the date of this report, and are subject to change without prior notice. This document has been prepared for information purposes only and does not constitute an offer to sell securities of cryptocurrencies or tokens, and also does not contain any recommendations or advice on investment in any particular company or assets.

ICOBox is not liable for any statements, Express or implied, contained in this document or excluded from it. ICOBox is a provider of SaaS solutions for companies that want to sell their product through the sale of tokens (ICO). ICOBox cooperates or seeks to do business with companies mentioned in its research reports, and acquires or wishes to acquire their assets.

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Ethereum has registered more than 100 thousand new wallets after the abolition of SegWit2x

More than 100 thousand new purses within a fairly short time it was on the Ethereum platform. High interest in the cryptocurrency, most likely caused by the recent news about the cancellation SegWitg2x.

According to Etherscan, last Thursday it was 105 935 new users. For the first time in the entire history of Ethereum, the number of registrations per day is calculated six-digit number:

The number of registrations on the following day, on Friday 10 November was 95911, which is also very impressive. Today on the platform created by Vitalik Baleriny, was 11 001 952 wallet.

Cancel Segwit2x provoked great turmoil in the cryptocurrency market. Recall that its purpose was to increase the block size to 2 MB and the improvement of the scalability of the bitcoin network. Hardwork did not take place due to the lack of consensus in the bitcoin community. This caused large fluctuations in the rate of the main crypto – currencies- for a short time bitcoin has reached a historic high of $7776, and then went down and today was fixed at $6529.

Experts predict a looming correction of bitcoin. Apparently, the rollback can be deep – about 30% from the current level. This has a positive impact on altonah. For example, the price of Bitcoin Cash Saturday first topped the level of $1000 per coin, and then reached a record level of $2477,65. Also there has been growth in Monero, Dash and zcash for, however, is not as rapid.

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Users erroneously sent to the Genesis address Ethereum $517 million

For three years, the users in the course of 750 transactions erroneously transferred to the Genesis address Ethereum more than $6 million in ETH and $517 million in tokens standard ERC20. At the moment no way to return these funds, and they are considered irretrievably lost.

Genesis-the Ethereum address is easy to remember: it’s 0x and 40 zeros (0x0000000000000000000000000000000000000000). It is also easy to enter by mistake. The problem is that many wallets set this address by default. As a result, if the user forgets to enter a recipient’s address when sending Ethereum, these funds will be automatically transferred to the Genesis address, and other words – «sink into oblivion».

For many years users send BTC to the Genesis address of bitcoin, thus expressing its appreciation to Satoshi Nakamoto. They also remit funds to the primary address Ethereum, but they do it by mistake, not in gratitude to Vitaly Buterin.

At first among these transactions prevailed ETH, and then, with the development of the Ethereum blockchain, users began to transfer tokens standard ERC20.

In some cases, carelessness in the transfer of funds ended in disaster. So, one of the users claims that mistakenly sent to the Genesis address Ethereum all their savings, 1493 ETH.

Today, this address is stored 33 thousand Aeternity, almost 500 thousand BAT 9.5 million Bytom, 750 thousand Golem and many other tokens.

It is worth noting that the developers of Ethereum still have access to the private key for that address and, consequently, can set up a smart contract for automatic reset token sent to it. However, they are not in a hurry to create a decision, and users continue to make mistakes and lose their money.

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Ripple, NEM and Emurgo founded the blockchain-the Association for the protection of industry in the EU

The company Ripple, NEM, Fetch.AI and Emurgo founded the Association Blockchain for Europe. The new organization will defend the interests of the blockchain-business in Europe.

Another goal of the Association is to introduce regulators and the European audience with the technology of distributed registry and show its «true nature and potential.» To become parties to the Blockchain for Europe can company whose products are based on blockchain technology.

The founders of the Association also intend to seek reasonable regulation of the blockchain-industry in the EU.

«Now it is difficult to find unbiased information, especially when it comes to the open and decentralized scenarios of the use of technology. We intend to provide information that is not tied to specific organizations or industry participants», said co-founder NEM Christophe van de Rivers.

We will remind, in December, ten major companies have formed an Association to develop a code of conduct in kriptonyte.

Download the app ForkLog for Android smartphones!

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Major players of kriptonyte invested $35 million in the development of a new scalable blockchain

Blockchain company Conflux Foundation dedicated to solving scalability issues has attracted $35 million from Sequoia China, Baidu, F2Pool, Huobi, and also Metastable and IMO Ventures. This writes CoinDesk.

Funds will be used to develop innovative, scalable blockchain network. Conflux is headed by the laureate of the Turing award, the most prestigious in the field of Informatics, Andrew Chi-Chi Yao. Last year the developers of the company during the month were testing the prototype of a new blockchain with 20,000 nodes. The Conflux team used the code of the bitcoin blockchain, but changed the algorithm of a consensus on its own development. According to the developers, the capacity of their networks reached 6 400 transactions per second.

Currently, the networks are linear — after checking the blockchain adds only one block. The appearance of two blocks at the same time fraught with fork. Andrew Chi-Chi Yao said that this is a problem for large public blockchain networks, such as Ethereum. He believes that to solve the scalability problem, you need to change the way the ordering of the blocks.

Conflux Protocol tries to solve this problem by simultaneously creating multiple blocks. To avoid a split network, Conflux has developed an algorithm ordering based on the technology of the directed acyclic graph (DAG).

According to Andrew Chi-Chi Yao, next year he will create the infrastructure for a public launch of the blockchain Conflux. The ultimate goal of the project is to build a scalable network with smart contracts and infrastructure for the development of decentralized applications.

In addition, representatives of Conflux stated that the project investors, such as Baidu, expressed willingness to use the network for its future development.

It is expected that the test network Conflux will be launched before the end of February 2019, and the launch of the core network will be held in the third quarter.

We will remind, in September of acne Buterin proposed to scale the Ethereum network using ZK-SNARKs.


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John McAfee headed blockchain company Luxcore

Known programmer, entrepreneur and bitcoin enthusiast John McAfee (John McAfee) has served as Executive Director of the blockchain, the company Luxcore.

The project team reported on 13 August. On the same day, McAfee confirmed this information in his Twitter:

«I accepted the offer to become CEO of Luxcore. Soon they will present on blockchain functions, which we waited for everything.»

Currently, Luxcore is developing an algorithm that is expected to help in the work on existing products – Lux Coin, a crypto currency exchange LuxGate and Parallel Masternodes. Luxcore goal is to make the blockchain technology mainstream.

The project team believes that the experience of McAfee in the creation and development of technology companies will help Luxcore to succeed.

McAfee, in turn, has declared that will promote the company’s products and make marketing policy more aggressively.

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Tezos announced the launch date of the core network

Swiss blockchain project Tezos announced the completion of testing the test network and the fact that next Monday will be the start of the main Protocol.

The official launch of the core network is more formal . A working and viable version of the blockchain Tezos was launched at the end of June, providing the transfer and circulation of tokens XTZ. So far, the network was in beta testing, and its work for technical reasons could be suspended at any time.

Since its launch, the network only once failed when in the middle of July for hours is not carried out correct validation blocks. The problem was solved, and since disruption of the system were observed.

Initially, when you start the network function for the validation of transactions carried out Tezos Foundation, but on 20 July the network was open to third-party validators.

In the light of recent news a course of XTZ rushed up and for a day rose by more than 27%. According to Coinmarketcap, the volume of trading Tezos close to $8 million:

Recall that in late July, the blockchain-the project Tezos, who a year ago raised $232 million investment during the ICO commissioned an external audit of financial and operational information from PricewaterhouseCoopers Switzerland. Tezos Foundation has taken such step to ensure the «highest degree of integrity in the performance of the mission support Protocol, ecosystems and communities Tezos».

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The member countries of the EU signed a partnership agreement in development blockchain

A group of 22 EU member States signed a Declaration on establishing the European partnership in the field of blockchain technology.

The cooperation is aimed to avoid the “fragmented approach” to technology by sharing technical and regulatory knowledge between the member States. Also purpose is to create ways to promote the use of blockchain for all European digital single market.

The European Commissioner for the digital economy Gabriel Mariya (Mariya Gabriel) stated that in the future, public service will use the blockchain technology. The partnership of the EU will help to transform “the huge potential of the blockchain to improve services,” she added.

Apart from the fact that member States can cooperate with each other, the partnership also aims to promote interoperability and deployment of services on the basis of the blockchain.

“The blockchain is a great opportunity for Europe and member countries to rethink their information systems, increase the confidence of users and to protect personal data to help create new business opportunities and establish new areas of leadership, assist citizens, civil services and companies,” — said Gabriel.

We will remind that earlier the Vice-President of the Commission Andrus Ansip (Andrus Ansip) called on the EU to commit themselves in the development of blockchain technology, which, according to him, steps out of the lab and into the mainstream.

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Purse Blockchain.info will add support SegWit

The team of the popular bitcoin wallet Blockchain.info has announced the addition of support for Segregated Witness Protocol (SegWit). It will be implemented in the first quarter of 2018.

“In 2018 in our wallets will be added support SegWit. This will be a major and comprehensive update of our code base for several platforms and devices, which can have significant implications for the privacy of transactions the volume of which amounts to billions of dollars. We will do this carefully and with the growing commissions miners within the Bitcoin ecosystem. We are inspired by the opportunities offered by the SegWit, and plan to make it available in our wallets as early as possible in 2018, focusing on the first quarter,” reads the company blog.

In the wallet Blockchain.info also will support Bitcoin Cash. October 11 will be implemented partial support BCH, and the total will appear first in the web version (by the end of 2017), and then for all platforms (by the end of the first quarter of 2018).

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