Market Analysis Report

Ethereum Google Searches Rise Above Bitcoin For the First Time Ever

Ethereum became the most searched for digital currency in the United States yesterday, rising above bitcoin for the first time ever, in a potential sign that a shift may be underway. Google searches for Ethereum briefly overtook bitcoin in the United Kingdom as well, ranked higher in Singapore more consistently, while in South Korea Ethereum ranks far higher than bitcoin in search trends.

Read more here and see live charts here

IOTA Token has Record Breaking Launch on Bitfinex, Hits $1.5 Billion Market Cap

At 9:00 am EST, cryptocurrency exchange Bitfinex launched the IOTA token. Tradable in IOT/USD and IOT/BTC pairs, tokens for use with the IOTA network are now publicly accessible through the Bitfinex website. After going live on Bitfinex, the transaction volume quickly became so massive that the Bitfinex servers briefly went down. All of which sees IOT slotting itself straight into the top 10 cryptocurrencies by market cap. At the time of publishing, the total value of IOT tokens stands above $1.5 billion. IOTA founder David Sønstebø said:

“Exchange listing is something that has become a hallmark for all crypto projects. It represents that the technology is ready for the open market and the wider audience.”

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Wanted: Police Seek Six OneCoin Promoters in India

The Hindu reported earlier this week that six individuals are wanted in connection with an investigation into OneCoin, the cryptocurrency scheme widely believed to be fraudulent. The scheme's backers are accused of duping local investors through events, sparking a series of arrests in April. Shivaji Awate, senior police inspector with the Economic Offense Wing, said in a statement:

"If any of these six accused either try to fly out or come back to the country, we will be able to nab them." 

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CryptoFinancing 2017

Initial Coin Offerings are the new phenomenon in the investment world, gathering millions of dollars every week and bringing disruptive and innovative projects to life. Often referred to as the “wild west of finance”, ICOs have massive profit potential and liquidity but their lack of control and regulation presents itself as a drawback.

The CryptoFinancing 2017 is an event that seeks to open the lid on this new crowdfunding trend, counting with the participation of experts in the cryptocurrency and investment scenes. The event will take place at the Grange Tower Bridge Hotel on the 7th of July. Join now and get 50% off for the first 10 ticket buyers and then 25% thereafter.

Please register here and use coupon code ‘Cryptocompare’ to get the discount.