Author: Editorial Office CVJ.CH

One of the first cryptocurrency exchange traded products (ETPs) will become available to institutional investors in the UK to trade on Aquis Exchange. This arrangement was made in partnership an established British market-maker and liquidity provider specialising in ETFs. The 21Shares Bitcoin ETP (ABTC) will become available on Aquis Exchange, a pan-European MTF business based in London and Paris which offers trading in some of the biggest and most liquid stocks across 15 European markets. The ETP will be centrally cleared (CCP) and is engineered like an ETF. Bitcoin exposure for institutional investors ETPs trade on exchanges in a similar…

Bitcoin USD daily basis Bitcoin USD Chart Analysis – Renewed Failure at the 40,000 USD Mark The reporting week continued to be about overcoming the sell-off, which, on the 19th of May, reached its lowest point so far. As observed in the previous week, trading activity was once again concentrated in the 35, 000 – 40, 000 USD zone. On Monday, the bottoming of the two previous trading sessions was used to establish further above the 35,000 USD area. This was achieved with a close of 37,254 USD at the end of the day’s trading. Tuesday and Wednesday were subsequently…

Standard Chartered Bank (StanChart) wants to establish an institutional trading platform for cryptocurrencies in the UK and Europe. The new exchange is expected to launch in the fourth quarter of 2021, depending on approvals from the relevant regulators. London-based Standard Chartered is one of the most influential financial institutions globally. Its innovation arm now wants to create a trading platform in cooperation with the first licensed crypto exchange operator from Hong Kong (OSL). Standard Chartered’s new platform is aimed at the European market, and aims to connect institutional traders with counterparties looking to trade cryptocurrencies. Trading platform for institutions The…

As the price of crypto currencies increases, so too do the number of digital currency scams grow. The phenomenon of fraudulent crypto schemes can take on a variety of forms. It is thus important to protect yourself. What sounds too good often comes with a catch. According to Federal Trade Commission (FTC) data, Americans have lost more than 80 million USD to crypto scams since October 2020 – a 1,000% increase from fall 2019. People between the ages of 20 and 39 were hit particularly hard, accounting for about 44% of reported losses. The latest FTC data showed about 7,000…

The People’s Bank of China (PBoC), the Chinese central bank, plans to use their digital yuan during the 2022 Winter Olympics in Beijing. It could be the first test for China’s central bank digital currency (CBDC) with international users. With the increasing adoption of crypto-assets, central bank digital currencies (CBDCs) have once again become a prominent topic. While the Federal Reserve in the U.S. is still in the planning stages, China has already conducted its first pilot programs for the digital yuan. At the Winter Olympics in 2022, foreign athletes and visitors will also be able to use the digital…

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: Crypto markets rebounded slightly following last week’s market mayhem, with Bitcoin closing Sunday +1%. Volume Dynamics: The Asian exchange landscape has evolved significantly since 2017. We explore patterns in trade volume, trade sizes, and market dominance in one of the most important crypto regions. Order Book Liquidity: Liquidity for Tether markets on Binance and Huobi…

Bitcoin USD daily basis Bitcoin USD Chart Analysis – Consolidation After Sell Off The reporting week was all about handling the selloff of the previous week. Here, the market participants were mainly focused on the new lows that were created on “Black Wednesday” of the previous week – just below 30,000 USD. In the course of Sunday’s trading, prices travelled in this direction again, with a daily low of 31,000 USD and the close of trading being marked at 34,758 USD. Thus, old lows were no longer undercut and the market has shown that buyers can be found in…

Large US investor Carl Icahn has once again spoken out about cryptocurrencies. Like other former Bitcoin sceptics, he has changed his mind towards the new asset class and plans a potential 1 billion dollars investment. Carl Icahn is one of the most successful investors on Wall Street. He ranks 124th on the Forbes list with an estimated 16 billion USD net worth. His primary investment vehicle is the publicly traded Icahn Enterprises. He also runs an investment fund, which is made up of his personal money and money from his company. Now, cryptocurrencies have piqued his interest. So far, the…

PricewaterhouseCoopers International (PwC) has published a comprehensive report on cryptocurrencies. The study provides an overview of how hedge funds and asset managers are dealing with the new asset class on a global scale. The PwC group has published its third annual report examining the global crypto hedge fund landscape. This is based on data from research conducted in the first quarter of 2021. The study was also produced in collaboration with the Alternative Investment Management Association (AIMA), and offers insights into how traditional hedge funds view cryptocurrencies. Number of crypto hedge funds correlated with Bitcoin price The launch of actively…

According to a report by Goldman Sachs, cryptocurrencies such as Bitcoin are considered investable assets. The asset class carries its own specific risk, according to the big bank, as it is still relatively young and going through an adoption phase. Recently, a detailed report on cryptocurrencies as an asset class by US big bank Goldman Sachs became public. The bank’s researchers found that many of the major cryptocurrencies are unique and rightly occupy their specific niches in the market. In this regard, Goldman compares crypto assets to volatile penny stocks that react with wild swings to the smallest news. It…

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: Despite the market-wide correction, most crypto assets still have positive YTD returns. Volume Dynamics: May 19th had the highest daily spot volumes ever recorded. Following the initial sell-off, large market participants aggressively bought the dip. Order Book Liquidity: Price slippage for BTC-USD and ETH-USD markets has fallen consistently since last March’s market collapse.  Volatility and…

Bitcoin USD daily basis Bitcoin USD Chart Analysis – Sell Off to the 30,000 USD Support Zone The trend of lower daily trading levels that started on May 12 consistently continued in the reporting week, and finally led to a downright sell-off. The omens were already bad with the break of the 50,000 USD support zone on the weekend of the previous week. Accordingly, the bears took the reins and two trading days with lower daily lows and highs followed on Monday and Tuesday. The respective daily lows at the beginning of the week at 42,300 USD were already close…

This week, the crypto market suffered a catastrophic crash that left investors and traders alike. Weak hands were flushed out, leaving only what the community refers to as “diamond hands” behind. The term was coined due to the precious gemstone being among the hardest substances in the world – nearly unbreakable. It requires a specific state of mind, skills, and of course, years of experience with markets. The crash especially crushed newcomers to crypto; however, Covesting’s top strategies are still well in profit, showing that the diamond hand traders on the peer-to-peer copy trading community know how to control their…

The Federal Reserve Bank will publish a report on the potential transition to a Central Bank Digital Currency (CBDC) in the summer of 2021. The advanced projects of several countries, first and foremost China, as well as the increasing digitalization have intensified the discussion. The U.S. Federal Reserve did not reveal any specific plans for a Central Bank Digital Currency (CBDC). However, Federal Reserve Chairman Jerome Powell referenced advances in payment technology and admitted that the central bank is “carefully monitoring innovations and will adapt”. A digital dollar could boost people’s confidence in the currency, payment networks, banks and other…

Oracles are building blocks that allow different blockchains to communicate with eachother and real world data. They play a central part in the current crypto ecosystem and are integrated in almost all protocols. An overview of the oracle project DIA in an interview with president Michael Weber. DIA (Decentralised Information Asset) is an open-source, financial information platform that leverages crypto economic incentives to source and validate data and oracles. The platform provides the infrastructure for market actors to supply, validate, use and share financial data. DIA’s data sources and methodologies are transparent and publicly accessible for everyone. This will create…

Chinese financial authorities have banned financial institutions and payment companies from offering services related to cryptocurrencies and warned investors against speculative crypto trading. Instead, they are developing a central bank digital currency (CBDC). Chinese financial officials announced that the country would crack down on financial institutions that operate cryptocurrency businesses or offer related services. The decision follows several announcements that have already come from China. Even now the government’s position is unclear and bans have been introduced and lifted several times. Chinas “Crypto Ban” Specifically, a number of activities have been banned. These include registration, settlement and trading of cryptocurrencies.…