Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 1,810.10 yesterday at 5 pm (GMT) and has since increased by 0.40%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,444 representing a gain of 1.3% in the last 24 hours. More than $130M worth of BTC were exchanged in the BTC/USD market representing a 14% share of the global daily volume. The BTC/JPY pair represents a 10% share.

The Ethereum price has increased 1.33% over the past 24 hours and is currently sitting at $105, with over $40M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 7% market share of the daily trading volume.

See live charts here and here

Gemini Undergoes Security Compliance and Data Protection Audit

Cryptocurrency exchange Gemini, founded by brothers Cameron and Tyler Winklevoss, completed a SOC 2 Type 1 security compliance review, according to a post made on their Medium blog on Jan 29. According to the announcement, Gemini is the first in the cryptocurrency industry to undergo such an audit. The audit was conducted by auditing firm Deloitte, which reviewed Gemini’s exchange application, infrastructure, underlying customer database, and it's cryptocurrency storage systems that hold the keys of Gemini’s online and offline wallets. Gemini also noted that, in addition to the SOC 2 Type 1 test, it would undergo a SOC Type 2 review in 2019, in order to further assure compliance and a high-security standard. The company added:

“This additional level of assurance will further validate the effectiveness of our internal controls.”

Read more here

Samsung Pay May Integrate Crypto on Millions of Smartphones

According to a report from The Korea Herald, a South Korean media publication, Samsung Pay could integrate crypto into the next Samsung Galaxy generation. The potential development of a crypto wallet by Samsung and the Galaxy S10 development team was leaked by an insider, earlier this month. New reports suggest that Samsung will bring crypto into its ecosystem through Samsung Pay, its flagship digital payments platform. Speaking to The Korea Herald, an industry official said that the integration of a crypto wallet by Samsung and Samsung Pay could lead to the mainstream adoption of cryptocurrencies in the local market. The official said:

"The arrival of the new Samsung phones could start popularization of the cryptocurrency wallet system in Korea."

Read more here

Largest Belarusian Bank Might Launch Crypto Exchange

Belarusbank, the largest financial institution in Belarus, is reportedly considering launching its own digital asset exchange. Viktor Ananich, the board chairman at Belarusbank, recently told Belarus 1 TV channel that the bank would be focusing on adopting the latest financial technology this year. According to local news outlet BelTA, Belarusbank will be partnering with mobile service providers in order to offer a wider range of financial products. Commenting on the Belarusbank’s tentative plans to launch a cryptoasset exchange, Ananich remarked:

"We are considering a possibility to establish a cryptocurrency exchange. We are working on it."

Read more here