Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 1,683.64 yesterday at 5 pm (GMT) and has since increased by 0.85%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,431 representing a loss of 1.04% in the last 24 hours. More than $230 M worth of BTC were exchanged in the BTC/USD market representing a 16% share of the global daily volume. The BTC/JPY pair represents a 3% share.

The Ethereum price has dropped 1.99% over the past 24 hours and is currently sitting at $89, with over $60 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 8% market share of the daily trading volume.

See live charts here and here

Winklevoss Twins Launch The Gemini Mobile App

Yesterday, Gemini Trust Company, the cryptocurrency exchange and custodian founded by Cameron and Tyler Winklevoss, announced that it had launched a new mobile app (available for iOS and Android). In a press release, Cameron Winklevoss, the President of Gemini, stated:

“We’ve spent the last three years building the world’s most trusted cryptocurrency platform and today we are excited to extend it into the hands of our customers. Cryptocurrency never sleeps so it’s important for us to make it easy for our customers to engage with it wherever they are and whenever they want.”

Read more here

Dutch Central Bank Wants to Regulate Crypto Companies

According to a short brief published yesterday, in the Dutch daily newspaper De Telegraaf, the Dutch Central Bank wants to regulate crypto companies by requiring them to get licenses in order to operate. The bank claims the measure will deter money laundering and the use of cryptocurrencies to fund terrorism. On the press release, the bank stated:

"Cryptocurrencies can be used almost anonymously and are therefore prone to money laundering. This must change with a permit requirement. To qualify for a license, for example, providers need to know who their customers are and report unusual transactions. The Dutch Central Bank (DNB) will monitor this."

Read more here

Samsung Files for Cryptocurrency Trademarks in the EU For Smartphones

Electronics giant Samsung has filed applications for three blockchain-related trademark requests for smartphones. Based on the descriptions provided by the company, the three European trademark requests relate to providing crypto custody services on smartphones, which indicates that Samsung may be planning to make its entry into the ‘blockchain smartphone’ market following the recent release of HTC’s Exodus 1 and Sirin Labs’ FINNEY, both of which also offer crypto custody.

The timing of the news again underlines the fact that despite the well-documented woes of the crypto market in 2018, a number of influential businesses like Samsung and HTC believe that cryptocurrencies and blockchain technology will be key growth drivers going forward, and are investing accordingly.

Read more here