Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,080.43 yesterday at 5 pm (GMT) and has since dropped 0.20%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,805 representing a loss of 8.63% in the last 24 hours. More than $340M worth of BTC were exchanged in the BTC/USD market representing a 15% share of the global daily volume. The BTC/JPY pair represents a 9% share.

The Ethereum price has dropped 15.62% over the past 24 hours and is currently sitting at $138, with over $260M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has an 11% market share of the daily trading volume.

See live charts here and here

TRON's TRX to Hard Fork by End of February

Last Saturday, TRON's CEO, Justin Sun announced via Twitter that the platform for developing decentralized applications (dApps) will launch a hard fork upgrade on the 28th of February. On the Tweet, Justin Sun stated the new features:

"TRON will launch [version] 3.5 hard fork upgrade on 2/28. New Features: 1. Multi-sign[ature crypto wallets] and [account management tools], institution ready 2. Dynamic energy adjustment to real-time network performance 3. 50% up performance & res usage 4. Better virtual machines (VM) safety, events server for dApps."

Read more here

Preview of Samsung’s Galaxy S10 Phone Reveals New Crypto Details

Last Wednesday, the first official specs of the Samsung Galaxy S10 were announced with new crypto features. On a review made to the device at Samsung’s flagship D’light store in Seocho-Gu, Seoul it was revealed that the Galaxy S10 will feature the "Blockchain Keystore” app which will allow payments to merchants, digital signatures and crypto storage and transfers. According to the app’s terms and conditions, the Blockchain Keystore generates and stores a private key based on blockchain technology in a secure enclave built into the device. It will be able to securely sign and store cryptocurrency transactions using blockchain.

Read more here

Canadian Banks Wary of Quadrigacx’s Assets Over Money Laundering Concerns

Canadian banks have recently revealed they’re hesitant when it comes to handles QuadrigACX’s assets, over concerns they may have been involved in money laundering. On a report published by local news outlet CBC, the country’s big banks showed they were hesitant to manage the exchange funds when a Nova Scotia judge ordered the eventual disbursement of over $22.8 million that belongs to the exchange. Elizabeth Pillon, a lawyer representing the ‘big four’ auditor EY, revealed the banks were in “uncharted territory,” and said she doesn’t “blame them for hesitating” as the banks raised money-laundering issues.” Pillon added:

"We don't have the source-of-funds information that the banks are looking for. The monitor has serious concerns about finding another institution to hold these funds"

Read more here

Maximize your BTC Profits with Bexplus Investment Tips

Bexplus, a world-leading crypto futures exchange, provides perpetual contracts for Bitcoin, Ethereum and Litecoin with 100x leverage and without a spread charge. So how can you profit from it?

• You can buy in BTC immediately and hold it until it rises to the peak with a 10% profit in the short term.
• Trade BTC futures contracts and maximize profit with leverage trading. For example, with 100x leverage added, when BTC goes up 10%, you can get 1000% profit. (If BTC goes down, you can lose your entire investment).

If you are a beginner, you can try out trading in the futures exchange using the trading simulator. You can learn cryptocurrency futures trading and become familiar with the trading process. In addition, you can predict the market trend without incurring a loss.

Once you are ready to start, you can take advantage of the Bexplus' 100% deposit bonus. Deposit 1 BTC, and you can get 1 BTC as a bonus.

Read more here