Author: Editorial Office CVJ.CH

Major Swiss bank Credit Suisse is partnering with Geneva-based blockchain startup Taurus to tokenize shares in an Alpine resort. Private placement of Alaïa digital shares is planned. In the process, the company operates a hotel and a couple of chalets in Crans-Montana. A few months ago, the Swiss Financial Market Supervisory Authority (FINMA) approved the first regulated marketplace for digital assets. Now, the new legal amendment for tokenized securities, which came into force on February 1, 2021, is being implemented on the platform for the first time. In collaboration with major Swiss bank Credit Suisse, tokenized shares of Alaïa Alpine…

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 number of extortionists demanding cryptocurrencies as ransom increased by 30% last year. Now anonymous cyber money should be banned in Switzerland, demands SP faction leader Roger Nordmann, among others.

Bitcoin USD Chart Analysis – Sustainable Overcoming of the 50’000 Level Fails The reporting week should show whether the previous week’s sell-off at the 40’000 USD level will come to an end. On Monday, the Bitcoin price came under pressure once more,  after a two-day stabilization in the area of 43’000 USD. Although a higher level of 44’366 USD was reached for the time being, sales in the second half of the day led back to 42’171 USD by the end of the day. A further decline on Tuesday brought the price at 41’030 close to the important support zone…

What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact weekly review.

End of November, Swiss Post will launch the “Swiss Crypto Stamp”, the first crypto stamp in Switzerland. It is a digital representation for a physical stamp and will be issued on the Polygon Blockchain. This marks a milestone in Swiss stamp history. The crypto stamp consists of two parts. First, it is a physical stamp worth 8.90 francs. Second, each crypto stamp contains a digital image associated with it. The digital image shows one of 13 possible subjects, and can be collected, exchanged and traded online. With the Swiss Crypto Stamp, Swiss Post is also building a bridge between the…

For the first time, a Swiss company is offering investors access to 25 crypto ETPs on the leading Swiss exchange SIX. 21Shares AG, the world’s largest issuer of cryptocurrency ETPs, is now listing two additional ETPs on the SIX Swiss Exchange. These are the new crypto index 21Shares Crypto Basket Equal Weight ETP (ticker: HODLV) and the 21Shares Crypto Basket 10 ETP (ticker: HODLX). This brings the ETP provider’s total number of SIX-listed products to 25 and once again underscores its leadership in crypto ETP development. Jane Street is providing the seed capital and acting as an authorized participant for…

The Swiss Financial Market Supervisory Authority (FINMA) has approved the first crypto fund under Swiss law. This investment fund enables both institutional and professional investors in Switzerland to participate in the emerging digital asset class. A big step for the Crypto Valley. For the first time, FINMA has approved a Swiss fund that invests primarily in crypto assets, that is to say in assets based on the blockchain or distributed ledger technology. The fund is part of a cooperation between three Swiss firms and an important step for large scale crypto adoption in the traditional financial world. Distribution of the…

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: Another crypto ban in China caused markets to temporarily dip before stabilizing Sunday. Volume Dynamics: Peer-to-peer exchanges like LocalBitcoins are facing growing competition from centralized exchanges. Order Book Liquidity: Spreads have been more volatile in September compared with the summer months. Derivatives:Open interest for Bitcoin perpetual futures dropped following the latest bout of volatility. Macro…

Bitcoin USD Chart Analysis – Sustainable Overcoming of the 50’000 Level Fails In the reporting week, the short-term stabilization at the level of 45’000 USD came to an abrupt end. The constructive technical micro picture of the previous week was impressively negated on Monday. Incipient sales at the start of the week resulted in a daily close of 42’988 USD, which corresponded to a whopping minus of 9% compared to Sunday. The break through the support zone led to further selling pressure on Tuesday, which took the Bitcoin price directly to the elementary support area 40’000 USD at 40’719 USD…

What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact weekly review.

Especially in the United States an increasing institutional adoption of cryptocurrencies could be observed recently. However, this fact makes it seem like there’s concordant regulation, something the U.S. is still far away from for the time being. The largest traditional exchange operator, ICE, has been offering futures and options contracts on Bitcoin for over a year. With just over $37 billion in assets under management (AuM) in its listed trusts, stateside-based Grayscale is among the largest managers of digital assets. Payments giant Paypal and local investment banks such as Goldman Sachs and JP Morgan also offer cryptocurrency services to their…

The crypto exchange FTX announced a long-term partnership with the Mercedes-AMG Petronas Formula 1 team. As part of the collaboration, the company’s logo will be featured on both cars as well as drivers. This is part of a larger push into the sports industry by crypto firms. Some of the brandings will be unveiled at the upcoming Russian Grand Prix, which takes place in Sochi. Additional placements will be unveiled in advance of the 2022 season. Partnership with F1 world champion In addition to branding on the cars and drivers, team partner FTX’s logo will also appear on the Mercedes-Benz…

Without them, there would be no DeFi applications and no NFTs. “Smart contract-enabling Layer 1 Blockchains” (base layer) are the foundation of today’s decentralized ecosystems. These projects are designed to process all transactions on the network and store them on the blockchain. Unlike Bitcoin, smart contract platforms allow programs – also known as smart contracts – to be written. These applications (dApps) can be accessed globally and around the clock with the help of decentralized blockchains. To use the diverse applications, a user only needs a device with an internet connection. The largest areas of the application currently include the…

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: DeFi tokens are increasingly correlated to high-cap crypto assets. Volume Dynamics: Hourly trade volumes for Litecoin surged past $1 billion — up from a mere $16m — after fake news circulated about a Walmart partnership. Order Book Liquidity: Coinbase’s Tether markets are becoming more liquid, although U.S. Dollar liquidity is still superior on fiat exchanges.…

The OpenVASP Association, whose goal is to facilitate robust compliance with global Travel Rule requirements for Virtual Asset Service Providers (VASPs), announces the launch of the interVASP Messaging Standard (IVMS) validator to help VASPs to comply with the Travel Rule. This is an important step for the global implementation of the FATF’s Travel Rule for Virtual Asset Service Providers (VASPs) and a significant achievement for the adoption of harmonized standards of communication for the virtual assets community. The FATF Travel Rule Since the introduction of the Travel Rule by the FATF in June 2019, the crypto industry has attempted to…