Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,141.82 yesterday at 5 pm (GMT) and has since increased 0.28%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,884 representing a loss of 0.28% in the last 24 hours. More than $140M worth of BTC were exchanged in the BTC/USD market representing an 8% share of the global daily volume. The BTC/JPY pair represents a 9% share.

The Ethereum price has increased 0.3% over the past 24 hours and is currently sitting at $134, with over $70M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 4% market share of the daily trading volume.

See live charts here and here

Blockchain ETF Launched on the London Stock Exchange

Yesterday, Invesco, an investment management company, launched a blockchain exchange-traded fund (ETF) on the London Stock Exchange. For the effort, Invesco partnered with London-based Elwood Asset Management, an investment firm specializing in digital assets, to launch the product called the “Invesco Elwood Global Blockchain UCITS ETF.” Elwood announced the news on Monday, saying the ETF is designed to target companies with the potential to generate “real earnings” from blockchain technology. Chris Mellor, head of ETF equity product management at Invesco, said:

“The potential for blockchain to drive real earnings is huge, but it is often hidden within companies involved in other areas. This ETF offers investors access to companies with real earnings now, but with the added potential of blockchain-related earnings not reflected in their share prices.”

Read more here

Malta Appoints Cybersecurity Firm to Monitor Crypto Transactions

The Malta Financial Services Authority (MFSA) has appointed U.S. cybersecurity company Ciphertrace to help with compliance monitoring of crypto assets. Ciphertrace will be expected to keep track of transactions that pass through local crypto exchanges and digital wallets including ICOs, screening for potential money laundering and terrorism financing violations. Joseph Cuschieri, CEO of MFSA, was quoted as saying. He added:

“Being strongly aware of the money laundering and financing of terrorism risks associated with entities operating in this sphere, the decision has been taken to engage the services of Ciphertrace in order to reduce fraud and detect transactions with illegal sources of funds."

Read more here

Swissquote Bank to Add Crypto Custodial Service

Swissquote, a provider of online financial and trading services from Switzerland, announced its yearly results for 2018 last Friday. The report included an update about an upcoming expansion of the bank’s crypto services. Starting March 21, it will be possible to transfer cryptocurrencies from external wallets to a Swissquote account and vice-versa. The company explained.

“Swissquote will, therefore, become a secure and technologically fully integrated cryptocurrency trading platform and depositary for private and institutional clients alike”

Read more here