Author: Editorial Office CVJ.CH

Bitcoin USD daily basis Bitcoin USD Chart Analysis – All-Time High Approaching Bitcoin posted impressive gains during the reporting week, which ultimately lifted the price above the dominant resistance zone in the USD 52.000 area. Already on Monday, a potentially bullish dominated week was announced with the breakout through the 48,000 resistance. Bitcoin last failed in this zone just below the 50’000 mark in mid-September. With a daily close of $49,271, the market showed on Monday that despite the previous week’s price surge, there are no signs of fatigue in the recent uptrend. Accordingly, the positive momentum was reinforced on…

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.

FinTech company Auto1 is launching the first car financing on a blockchain across Europe. This is a significant step towards the complete mapping of vehicles, as smart contracts on the Ethereum network replace paper and manual processes. The company is abolishing any manual input and paper processes in its core business – car financing – with immediate effect: all documents, files and processes related to the financed cars are now based on smart contracts – and this throughout the entire lifecycle of the vehicles. Auto1 FT is thus the first car financier in Europe to convert its entire ecosystem to…

The investment firm of the well-known hedge fund manager George Soros has confirmed that the fund trades in Bitcoin and other cryptocurrencies. However, the family office is mainly interested in the application cases of DeFi and similar financial instruments. In 2018, the investment firm received the green light for crypto trading for the first time. This was despite the rather critical attitude of the billionaire philanthropist due to the high volatility of the sector. However, how the Soros Family Office has been positioned since then has never been disclosed. In an interview with Bloomberg, CEO and CIO Dawn Fitzpatrick revealed…

Bundesliga International has entered into a cooperation with NFT fantasy football game and digital company Sorare.

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.