blog

Latest from the Quantamize Blog

Cryptocurrencies mostly lower, ICO projects withdraw record levels of ETH

Dec 27, 2018

 

 
High Machine Learning Accuracy Rates for CryptocurrenciesHigh Machine Learning Accuracy Rates for Cryptocurrencies

Top 5 Cryptocurrencies sorted by 24 hour Volume

On Mobile/Tablet scroll to the right

Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
Bitcoin BTC USD$3794.12 -0.09% -0.13% -7.32% USD$66,195,608,080 USD$5,002,499,197
Ethereum ETH USD$125.56 -0.36% -2.62% 12.45% USD$13,063,645,434 USD$2,447,102,964
EOS EOS USD$2.51 -0.96% -1.72% -7.01% USD$2,275,449,720 USD$785,946,036
XRP XRP USD$0.37 -0.05% -1.64% -3.13% USD$14,923,694,048 USD$570,339,523
Litecoin LTC USD$30.05 -0.2% -1.76% -6.27% USD$1,795,817,206 USD$453,034,326

Top 5 Cryptocurrencies sorted by 24 hour Price Percent Change

On Mobile/Tablet scroll to the right

Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
Ethereum Classic ETC USD$5.17 -0.56% 4.79% 8.64% USD$553,263,378 USD$273,834,414
IOTA MIOTA USD$0.33 0.55% 2.16% 3.38% USD$927,051,529 USD$9,248,351
TRON TRX USD$0.02 0.33% 0.72% 16.87% USD$1,339,410,343 USD$99,527,782
NEO NEO USD$7.57 -0.02% 0.45% 3.9% USD$492,029,002 USD$101,686,411
Bitcoin BTC USD$3794.12 -0.09% -0.13% -7.32% USD$66,195,608,080 USD$5,002,499,197

 

AI-Powered Signals for Crypto TradingAI-Powered Signals for Crypto Trading

Crypto Market Recap

  • Cryptocurrencies turned broadly lower overnight as the price of Bitcoin (BTC) is down 0.31% to USD$3,793.53. Total cryptocurrency market capitalization currently sits at USD$127.0bn, down about 1% from 24 hours ago. Among major cryptocurrencies, Ethereum Classic (ETC) and IOTA (MIOTA) are the only positive coins, up 4.09% and 1.06% in the last 24 hours to USD$5.12 and USD$0.33166, respectively. Bitcoin Cash (BCH), meanwhile, has fallen the most among major coins, down 3.62% in the last 24 hours to USD$167.13.

General Crypto News

  • Projects that conducted their Initial Coin Offerings (ICOs) on the Ethereum Blockchain have rapidly liquidated their treasury holdings in November and December 2018, according to data from Diar.  In November, ICO projects withdrew 290,1000 Ethereum (ETH) from their treasury accounts, the largest amount in any month of 2018 at the time -- so far in December, ICOs have withdrawn a massive 423,800 ETH from their treasuries, on pace to double last month’s total.  
  • A survey conducted by Indian telecommunications giant Tata Communications finds that 44% of institutions have begun to adopt blockchain technology. The survey also notes that a growing skill gap is becoming a barrier to blockchain technology, artificial intelligence (AI), and Internet of Things (IoT) adoption. The report by Tata details, “This disparity highlights that directors and business unit heads must get better at informing the CEO of any challenges they are facing when rolling out new technologies such as IoT and AI.” 
  • The United Nations Office on Drugs and Crime (UNODC) is set to partner with doc.com, a blockchain-based telemedicine and telepsychology firm, to offer basic healthcare services for free in Eastern Africa. The partnership will see doc.com roll out its healthcare platforms to the Eastern Africa market by 2Q2019, according to an official letter. Currently, doc.com offers its platforms in 20 different countries while 130,000 users have used its telemedicine service and nearly 70,000 users have used its, “Emotions,” telepsychology platform.  
  • The Litecoin Foundation announced that it will sponsor an Ultimate Fighting Championship (UFC) event in a post on Wednesday. In its statement, the Litecoin Foundation announced that it has become the, “Official Cryptocurrency Partner,) of the UFC light heavyweight title fight between professionals Jon Jones and Alexander Gustafsson. The Litecoin Foundation discussed that the sponsorship is a part of its plan to expand adoption of cryptocurrencies, writing, “With brands and institutions continuing to push into cryptocurrency and blockchain, this is yet another signal of technology moving closer towards the mainstream.” 
  • A Taiwanese man has been arrested after allegedly mining millions of dollars-worth of cryptocurrencies using stolen power, according to a report by news outlet EBC Dongsen News. The report details that the individual in question sole electricity worth over NT$100mm (USD$3.25mm) from various business premises in order to mine Bitcoin (BTC) and Ethereum (ETH). The report also quotes Deputy Head of the fourth brigade of Taiwan’s Criminal Investigation Bureau, Wang Zhicheng, who said, “The group recruited electricians who managed to break into the sealed meters in order to add in private lines to use electricity for free before that usage reaches the meters.”

 

We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.

 

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

Sources:

https://coinmarketcap.com/ 
https://coin360.io/ 
https://www.coindesk.com/suspected-electricity-thief-arrested-after-mining-3-million-in-bitcoin-ether 
https://tw.news.yahoo.com/%E7%AB%8A%E9%9B%BB%E9%96%8B%E7%A4%A6%E5%A0%B4%E6%8C%96%E6%AF%94%E7%89%B9%E5%B9%A3-%E4%B8%8D%E6%B3%95%E5%BE%97%E5%88%A9%E8%BF%91%E5%84%84%E5%85%83-120800823.html 
https://www.coindesk.com/chinese-school-principals-caught-mining-ethereum-at-work 
https://diar.co/ethereum-ico-treasury-balances/ 
https://twitter.com/DiarNewsletter/status/1075779239058628616 
https://bitcoinist.com/ethereum-ico-withdrawals-december/ 
https://cointelegraph.com/news/litecoin-foundation-to-sponsor-ufc-title-fight-in-bid-to-increase-crypto-adoption 
https://litecoin-foundation.org/litecoin-ufc/ 
https://www.coindesk.com/litecoin-takes-to-the-ufc-octagon-in-new-sponsorship-deal 
https://cointelegraph.com/news/un-partnership-to-roll-out-blockchain-based-telemedicine-telepsychology-in-east-africa

Crypto Trading Signals
Break through the crypto babble with AI MACHINE LEARNING Cryptocurrency Buy Signals