Author: Editorial Office CVJ.CH

Swiss banking giant UBS has warned its clients about the risks that more intense regulatory requirements pose to the crypto market. A tougher regulatory crackdown could lead to a bursting of the “crypto bubble,” according to the big bank. In a letter to its clients, UBS explained why it considers digital assets too risky and unsuitable to offer to professional investors. Regulators around the world are eager to crack down on crypto markets, it said. After a tougher crackdown, the “crypto bubble” could burst, according to UBS. Regulatory crackdown on cryptocurrencies An obvious example of a change of mind among…

The island nation is increasingly looking into the new asset class. The Philippine Stock Exchange (PSE), for example, wants to allow trading in cryptocurrencies. Its citizens have been interested in it for quite some time, and blockchain games in particular are enjoying great popularity. The Philippine Stock Exchange (PSE) should be the primary exchange platform for crypto assets, President and CEO Ramon Monzon told CNN on Friday. The idea was broached during a management meeting two weeks ago. One of the reasons given by the CEO for his approach is that PSE already has the necessary infrastructure for crypto trading.…

According to a new announcement, the Covesting copy trading module has received an update debuting a new feature that assists followers with securing profits and capital management. The feature is reminiscent of one of the more compelling features of the PrimeXBT trading platform. The new “Take Profit” feature ensures that any unrealized ROI built up from successful strategy followings can be secured – all without having to completely stop following the strategy. The latest feature adds more flexibility to the Covesting ecosystem and boosts overall profitability for users – here’s how, as well as some important details to note. Covesting…

A summarizing review of what has been happening at the crypto markets of the past week. A look at trending sectors, liquidity, volatility, spreads and more. The weekly report in cooperation with market data provider Kaiko. The last 7 days in cryptocurrency markets: Price Movements: Bitcoin suffered the worst quarterly returns since 2018, down 40% since the start of Q2. Volume Dynamics: The majority of Binance trade volume occurs during the overlap between North American and European trading hours. Order Book Liquidity: Two months after listing Tether, Coinbase’s BTC-USDT liquidity still lags far behind BTC-USD. Macro Trends: The U.S. Dollar…

Bitcoin USD daily basis Bitcoin USD Chart Analysis – Detachment from the 30’000 support zone Bitcoin was able to leave the previous week’s lows around the 30’000 support zone behind during the reporting week. On Sunday, incipient buy orders pulled the price significantly away from the previous day’s levels and ensured a daily close at 34’709 USD. On Monday, a short consolidation in narrow trading ranges was observed at the level of 34’500. On Tuesday, follow-on buying took the price to 35’904 USD and back to the area that served alternately as a support and resistance zone in the consolidation…

With Kaleido Private Bank, InCore Bank and SOBACO have gained an additional customer. The integration of the Zurich private bank is carried out as part of a full outsourcing: Based on Finnova’s banking software, the two banks offer technical and banking services from a single source. Having previously limited outsourcing to software and its operation, Kaleido Private Bank has now opted for full outsourcing. Thanks to the merger of IT and business, the Swiss private bank has a complete range of bank- and order-specific end-to-end processes at its disposal for handling its banking transactions. With this private bank, another member…

650 US banks will soon be able to offer Bitcoin purchases to their total of 24 million customers. This will be made possible through a collaboration between payments giant NCR and crypto-custodian NYDIG. Are we in for mass adoption? Demand for cryptocurrencies has surged over the past year. Many banks want to meet customer demand, but also avoid capital migration to external exchanges. Rather than lose those assets to third-party cryptocurrency exchanges – or send awkward notices to their customers telling them they won’t tolerate the purchases – they want to offer crypto services themselves, Forbes writes. “Many banks have seen…

London Stock Exchange-listed TP ICAP Group, the world’s largest interdealer broker, is launching a crypto trading platform for institutions, expanding its presence in the fledgling market. The decision follows strong demand from institutional clients. The London-based broker has been offering Bitcoin futures since 2019. Now, TP ICAP is partnering with Fidelity Digital Assets and Standard Chartered to offer crypto transaction execution and settlement, Reuters reports. The platform has begun client registration and will launch in the second half of the year, with liquidity providers such as Flow Traders. Legitimizing the crypto industry London-based major bank Standard Chartered already announced a…

Blockchain technology and the associated applications such as cryptocurrencies are among the major developments that have fundamentally changed not only the financial industry worldwide and will change it even more in the future. In this context, we are also hearing more and more about security tokens. Are these digitized tangible assets or assets among the buzzwords that will quickly disappear again, or are they sustainable innovations? If numerous experts are to be believed, the answer to this question has long been yes. However, the concrete preparation and implementation of security token offerings is still unclear. No gold standard has yet…

The acquisition is an important step on Deutsche Börse’s way to building a trusted and fully regulated digital asset ecosystem in Europe. Crypto Finance’s founder, Jan Brzezek and the current management team will continue to lead the company and retain significant personal holdings. Deutsche Börse Group has acquired a majority stake in Crypto Finance AG, a financial group under consolidated FINMA supervision that offers trading, storage, and investment in digital assets to institutional and professional clients. Through the acquisition, Deutsche Börse further extends its offering for digital assets by providing a direct entry point for investments, including post-trade services such…

A summarizing review of what has been happening at the crypto markets of the past week. A look at trending sectors, liquidity, volatility, spreads and more. The weekly report in cooperation with market data provider Kaiko. The last 7 days in cryptocurrency markets: Price Movements: Volatility is predicted ahead of the Grayscale Bitcoin Trust “unlockings”. Volume Dynamics: The number of trades executed on decentralized exchanges is de-correlated from the total volume traded, which has dropped sharply in June. Order Book Liquidity: Bitfinex’s market share of order book depth has increased over the past year relative to other fiat exchanges. Macro…

The world’s first Solana ETP (ASOL) is being launched on the regulated market of the Swiss stock exchange (SIX Exchange). The ASOL ETP will also provide additional yield through staking rewards by validating transactions on the Solana blockchain. Solana (SOL) is a highly functional open source project that banks on blockchain technology’s permission-less nature to provide decentralised finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland headed by developer Anatoly Yakovenko. The Solana Protocol One of the essential…

Bitcoin USD daily basis Bitcoin USD Chart Analysis – Another test of the 30,000 support zone At the beginning of the reporting week, Bitcoin continued the trend of continuously lower daily closing prices, which could be observed from the middle of the previous week. Accordingly, the price once again approached the often visited 30,000 support zone. Monday started right away with the biggest price drop of the week, taking Bitcoin to 31,450 USD at the end of the day. This was followed by another decline on Tuesday, which took Bitcoin to new lows last seen at the end of January…

Since 2019, the Austrian Post has been combining the traditional with novel blockchain technology. With the fourth generation of their limited crypto stamp, they are creating a digital twin as an NFT, and adding a chip to the physical stamp. The “Crypto Stamp 3.0” was created as a non-fungible token (NFT) on the blockchain and comes up with additional features. An integrated NFC chip verifies authenticity and opens a URL on the smartphone that displays the state of the scanned stamp. The current Crypto Stamp was issued in the form of a plastic card in credit card format. In addition…

A summarizing review of what has been happening at the crypto markets of the past week. A look at trending sectors, liquidity, volatility, spreads and more. The weekly report in cooperation with market data provider Kaiko. The last 7 days in cryptocurrency markets: Price Movements: A premium emerged on stablecoin markets as Bitcoin and altcoins trended downwards. Volume Dynamics: Korean cryptocurrency exchanges have undergone an exponential surge in volume despite major regulatory hurdles, with daily turnover at times greater than Korean equities markets. Order Book Liquidity: Spreads for BTC-USD markets have been volatile since January 2021. Macro Trends: The Fed’s…

Spain’s second-largest bank, BBVA, is launching a new business for private banking clients in its Swiss arm that will allow investments in alternative digital assets alongside Bitcoin trading and custody services. The banking giant, which was founded in 1857 and has about $870 billion in assets, first tested the service late last year. Banco Bilbao Vizcaya Argentaria (BBVA) noted “significant demand” among investors for digital assets. Investors are primarily using the asset class to diversify their portfolios, despite volatility and high risk, according to the major bank. Launching in Switzerland for now For now, the services are limited to Bitcoin…