Author: Editorial Office CVJ.CH

The CVJ editorial staff consists of a team of Blockchain experts and informs daily and independently about the most exciting news.

The Swiss National Bank (SNB) is moving forward with the Helvetia III pilot project, becoming the first central bank in the world to issue a tokenized central bank digital currency (CBDC) on a regulated third-party platform. The SNB has been extensively researching the development of a digital central bank currency (CBDC) and identified early on the privacy issues associated with a central registry of all financial transactions. As part of “Project Helvetia,” research has been underway since 2019 on how to settle securities transactions and cross-border payments using blockchain technology and a digital Swiss franc. Despite the potential benefits of…

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The US dollar stablecoin market is currently concentrated in the hands of two companies: Tether and Circle. Now, Ripple wants to enable blockchain payments with a dollar stablecoin via the XRP ledger. Is the company waving the white flag and admitting the failure of its own XRP cryptocurrency? Ripple was founded in 2012 as a crypto startup with the goal of creating a decentralized digital payment system. The company wanted to enable low-cost cross-border transactions and differentiate itself from Bitcoin by offering a more scalable solution. The foundation of this payment network was to be the XRP cryptocurrency, formerly known…

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Ethereum is the second largest decentralized blockchain network after Bitcoin. Since 2015, the native cryptocurrency Ether (ETH) is also being traded on various exchanges. However, this may not be so easy in the future. The U.S. Securities and Exchange Commission (SEC) wants to classify Ether as a security and has launched an aggressive campaign to do so. Last Wednesday, a disturbing headline made the rounds. The Ethereum Foundation, based in Zug, Switzerland, is under investigation by a government agency. It’s a confidential investigation with confidentiality obligations. Later, the financial magazine Fortune, citing inside sources, revealed that the SEC had launched…

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BlackRock is launching a first tokenization project on the Ethereum blockchain. In partnership with the US firm Securitize, the asset manager is tokenizing an “Institutional Digital Liquidity” fund, starting with an initial liquidity of 100 million USD coin (USDC). After launching a spot-based Bitcoin ETF, BlackRock is taking the next step in the blockchain industry while the approval for a spot Ether ETF is still pending. CEO Larry Fink sees significant potential in so-called tokenization. This involves the representation of traditional assets also known as Real-World Assets (RWAs) on the blockchain. The first approach by the institution is taking place…

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