Author: Editorial Office CVJ.CH

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…

The fantasy soccer platform Sorare raises USD 680 million in a Series B financing round. The largest Series B financing round in European history – Sorare is thus a new big player in sports entertainment and is valued at $4.3 billion. SoftBank leads the round; other investors include Atomico, Bessemer Venture, D1 Capital, Eurazeo, IVP and Liontree, as well as existing investors Benchmark, Accel and Headline. Footballers Gerard Piqué, Antoine Griezmann, Rio Ferdinand and César Azpilicueta also participated in the round. Former German international André Schürrle, as well as the manager of the German national soccer team, Oliver Bierhoff, are…

Bitcoin USD daily Basis Bitcoin USD Chart Analysis – Sustainable overcoming of the 50’000 mark fails For the time being, the question during the reporting week was whether last week’s price plunge is now complete,  or whether another wave of selling will bring the market back to lower levels. The consolidation that began the previous week around the 45,000 USD area was continued on Monday. Although there was a renewed test of the current market strength during the day with a daily low at 43,465 USD, this was passed with the daily closing price of 46,027 USD.  The previous day’s…

The list of top ten cryptocurrencies by market cap is dramatically different these days than it was several years ago. Bitcoin and Ethereum still remain number one and two, respectively, but the rest of the list is a far cry from what it used to be. Many of the coins now in the top ten saw their debut within the last four years, making them newcomers to the cryptocurrency industry. Despite their youth, they already command billions of dollars worth of capital and have matured into serious assets that everyone in finance pays attention to. PrimeXBT has also been paying…

U.S. crypto exchange Coinbase wants to use a planned $1.5 billion private placement of senior notes for general corporate purposes. This includes potential mergers and acquisitions, as well as other investments. The announced notes, maturing in 2028 and 2031, will be fully and unconditionally guaranteed by Coinbase Inc. The interest rate, repayment terms and other conditions will be determined only through negotiations between Coinbase and the initial purchasers. Capital raise through senior notes According to Coinbase, this capital increase represents an opportunity to strengthen its already strong balance sheet with low-cost capital. Coinbase intends to use the net proceeds from…

Bitcoin Suisse founding member and former Morgan Stanley Vice President to co-lead Fireblocks’ Swiss expansion as Fireblocks announced it will be dedicating significant resources toward expanding its presence and growth in the DACH market with the opening of an office in Switzerland. Over the last six months, Fireblocks has doubled the size of its European team to support the increasing number of institutional customers in the region with close to 200 customers in the DACH market. To support Fireblocks’ customer base in the region, the company has appointed Richard Astle and Ana Santillan as co-Heads of Switzerland. Richard brings extensive…

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: Markets closed the week down double-digits following the abrupt sell-off on September 7th. Volume Dynamics: Several exchange reported downtime after posting the highest daily volumes since May. Order Book Liquidity: We explore how liquidity evaporated during the worst of the sell-off. Derivatives: Ethereum open interest surged to all time highs before collapsing. Macro Trends: Real…

Bitcoin USD daily Basis Bitcoin USD Chart Analysis – Sustainable overcoming of the 50’000 mark fails The reporting week initially began promisingly, however, a selling wave that began on Tuesday put an abrupt end to the dreams of the bulls. At the close of the previous week on Sunday at $51’800, trading above the $50’000 mark was registered for the first time in 113 days. Accordingly, the trend of rising prices, which had its origin in the previous reporting week, was continued on Monday and reached another daily high of $52’698. Tuesday then turned out to be a difficult day.…

SIX Digital Exchange (SDX) has formally received the green light from the FINMA to operate an exchange and central securities depository for digital assets in Switzerland. With these licenses, the SIX platform now offers the highest Swiss regulatory standards. Specifically, FINMA has granted SIX Digital Exchange Ltd a license to operate as a central securities depository and its affiliate SDX Trading Ltd a license to operate as an exchange. This is the first time in the Swiss financial center that a license has been granted for infrastructures that enable the trading of digital securities in the form of tokens and…

US crypto exchange Coinbase has been warned by the Securities and Exchange Commission (SEC) about launching a product that pays customers interest on their crypto holdings through the use of DeFi protocols. According to the agency, this should be classified as a security. Coinbase intended to launch a yield product that would have gone live in a few weeks. As in traditional finance, users would receive interest on selected digital assets. After the company proactively reached out to the Securities and Exchange Commission (SEC), the SEC responded that such a product would be classified as an unregistered security. The SEC…

The month of August was as volatile as it was pivotal for cryptocurrencies like Bitcoin, Ethereum, Litecoin, and others. Mid-cap altcoins exploded in value, helping to keep more important cryptocurrencies like BTC and ETH afloat at local highs and above support. A fall into a bear market following one of the worst quarterly selloffs on record might have been narrowly prevented, and a reversal back into a bull market is still in the cards considering that a lower low was never put in on Bitcoin. The total cryptocurrency market has reentered the bull zone on the RSI, but the market…

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: Layer 1 tokens and the NFT space are dominating the recent altcoin bull run. Volume Dynamics: Despite Binance.US’s fundraising woes, the exchange has gained market share versus Coinbase. Order Book Liquidity: Price slippage fell sharply for ETH-USD pairs over the past year. Derivatives: Funding rates and open interest inched up during the first week of September. Macro…