Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 1,835.27 yesterday at 5 pm (GMT) and has since dropped 0.01%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,435 representing a loss of 0.09% in the last 24 hours. More than $80M worth of BTC were exchanged in the BTC/USD market representing a 9% share of the global daily volume. The BTC/JPY pair also represents a 9% share.

The Ethereum price has increased 0.02% over the past 24 hours and is currently sitting at $106, with over $30M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 6% market share of the daily trading volume.

See live charts here and here

Kraken Acquires British Derivatives Platform Crypto Facilities

Cryptocurrency exchange Kraken has acquired Crypto Facilities, a British digital asset trading platform and index provider, in an undisclosed “nine-figure” deal. The acquisition means that Kraken will now be able to offer both spot and futures trading in Bitcoin Core, Bitcoin Cash, Ripple, Litecoin and Ethereum. Commenting on the acquisition, Powell said:

"We are excited to introduce eligible clients to these industry leading futures and index products. Over the coming months, our teams will continue to enhance and expand these offerings. We’ve got great stuff in store for traders and institutional clients in 2019."

Read more here

Facebook Acquires Blockchain Startup Specializing in Smart Contracts

Facebook’s crypto division has reportedly made its first acquisition, quietly onboarding most of the research team from a blockchain startup that specializes in smart contract development. Citing unnamed sources, financial news outlet Cheddar reports that Facebook acquired Chainspace, a blockchain firm founded by University College London researchers, that describes itself as “a planetary scale smart contracts platform” that uses a “distributed web of blockchains for scalability, speed and privacy.” An announcement at the top of the website reads:

“We’re excited to announce that the team is moving on to something new. Chainspace code and documentation will still be open source, and all previously published academic work remains available.”

Read more here

BitTorrent Token (BTT) up to 569% Since Launch

On the 28th of January 28th, the public sale of TRON's BitTorrent Token (BTT) on Binance Launchpad ended in less than 15 minutes, with 59.4 million tokens sold in under 15 minutes. Yesterday, a day after getting listed on cryptocurrency exchange KuCoin, TRON's BitTorrent Token (BTT) continued its highly impressive run since its first public sale on Binance Launchpad, going up almost 50% against Binance Coin (BNB) in the past 24-hour period alone. Since its launch, the price for BTT has gone up an incredible 569%.

Read more here

Yesterday, Hong Kong Crypto exchange trade.io has announced a partnership with payment processor Simplex, enabling clients to purchase a range of popular cryptocurrencies by credit or debit card. Clients can click here for further details.

Initially, the solution will support the purchase of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), & Bitcoin Cash (BCH) with USD or EUR. The management team of trade.io has also confirmed that more coins and currencies will be added for purchase at a later stage.

This partnership with Simplex, a leading EU-licensed payment services provider, provides a regulated and secure framework through which trade.io’s client base can easily and conveniently invest or trade in cryptocurrencies.

With this move, trade.io demonstrably provides its support to investors of traditional financial instruments who wish to access the cryptocurrency industry - an industry notorious for its high barriers of entry and complicated onboarding processes. William B. Heyn, CEO of trade.io commented:

"It’s no secret that newcomers to crypto are hindered by complicated onboarding processes; we endeavor to reduce barriers and responsibly provide access to the crypto world"

This introduction of fiat purchases drastically minimizes any obstacles presented to current and potential clients on the trade.io exchange, making the company a one-stop-shop for purchasing and trading crypto.

“Since foundation, Simplex has worked with leading exchanges to make mainstream entry to the crypto world simpler. Our fraud-free payment processing solution provides crypto merchants with a risk-free way to accept credit and debit cards, making the payment process seamless and familiar for mainstream” said Nimrod Lehavi, CEO and Co-Founder of Simplex, adding that “doing so will make it easier for mainstream users to enter the crypto world, growing the industry and transforming the financial space.”