Author: Editorial Office CVJ.CH

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 broke $50k for first time since May, with altcoins leading the crypto-wide rally. Volume Dynamics: NFT’s and fan tokens are the latest crypto sectors to see surging volumes. Order Book Liquidity: The bid-ask spreads for Ethereum and Bitcoin markets are converging. Macro Trends: Bitcoin’s correlation with U.S. bonds turned negative for the first time…

Bitcoin Brokers in Switzerland can sell Bitcoin and send them directly to their customers’ non-custodial wallets without having to do extensive KYC on their customers. Until beginning of this year, the customer didn’t need to create an account or upload any documents if the total amount was below CHF 5’000 (~ USD 5’470) per transaction (or several transactions that appear to be linked to each other) and CHF 100’000 (~ USD 109’400) per year. If the customer is buying Bitcoin through a bank transfer, the name and address of the buyer are still visible to the broker, and the sending…

Microsoft’s Office and the Windows operating system have always led the top downloads of software piracy platforms. The company has already tried to get a grip on them with various (often customer-unfriendly) measures. A research document has published a completely transparent incentive system for anti-piracy campaigns. The document contains an examination of a transparent blockchain-based system by Redmond software giant, with the participation of experts from Alibaba and Carnegie Mellon University. Argus is based on the Ethereum blockchain, and aims to create a trustworthy incentive mechanism while protecting the data of anonymous reporters. Given that piracy is essentially about distributing…

After nearly four years of silent existence, the value of the strictly limited pioneers of the NFT standard is gradually being recognized by the art movement. The possibilities of digital rights, unique and verifiable, is reaching an expanded investor base. A non-fungible token known in the cryptocurrency world as an NFT is a cryptographic asset that represents ownership of something unique that cannot be exchanged. Most NFTs are created on the Ethereum blockchain and represented as ERC-721 tokens, an established standard for non-fungible tokens on the Ethereum network. Unique digital images in the form of NFTs are currently experiencing a…

With technical development on the core platform now complete, testing and scaling for full operations underway, the SIX Digital Exchange (SDX) awaits regulatory approval and readies itself for growth. As part of this preparation, Tim Grant will stand down and hand over the reins to David Newns, an international capital market expert with a strong background in the regulated financial services industry. Newns’s mandate will be to take SDX seamlessly into its next phase of full operations and growth. Waiting for FINMA approval According to Thomas Zeeb, Chairman SDX and Member Executive Board at SIX, they will need to be…

Around 600 million US dollars in stablecoins have been stolen from the “PolyNetwork” DeFi protocol. This is the largest hack of a DeFi application to date. It is currently unclear what enabled the exploit, but the hacker has promised to return the funds. PolyNetwork is a protocol for exchanging tokens across multiple blockchains, including Bitcoin, Ethereum and the Binance Smart Chain (BSC). It was formed by an alliance between the teams behind several blockchain platforms such as NEO and Ontology. Not to be confused with the Ethereum scaling project Polygon. Over $600 million in digital assets were moved by 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: Crypto markets react to bullish Ethereum “London” hard fork. Volume Dynamics: Trade volume for perpetual futures markets peaks during US/EU trading hours which suggests a flouting of geographic restrictions. Order Book Liquidity: On average, bid-ask spreads for Bitcoin-Dollar pairs has improved since January. Macro Trends: Treasury bond yields are falling around the world despite strong…

Bitcoin USD daily basis Bitcoin USD chart analysis – Overcoming the 40,000 resistance zone At the beginning of the reporting week, it looked as if the newly climbed price area above the 40,000 mark could not be defended.  The strong upward movement of the previous week was followed by a first correction on Sunday, which brought the price back to 39,149 USD by Monday. On Tuesday, Bitcoin exited the market lower again at 38,191 USD. On Wednesday, initial buying set in, bringing the price back to 39,722 USD and thus just below the 40,000 USD resistance zone. A strong sign…

In Europe and the United States, cryptocurrencies are often dismissed as “pure speculative tools.” However, Bitcoin can open new doors for many developing countries through open and censorship-resistant value transfer, as the example of El Salvador shows. In June, El Salvador became the first nation-state to accept Bitcoin as legal tender, setting an important milestone in terms of adoption of the cryptocurrency. The decision to integrate Bitcoin into the country’s financial system drew harsh criticism from the International Monetary Fund (IMF) and the United Nations Economic Commission. They argued that Bitcoin was purely a means of speculation and not suitable…

The Boerse Stuttgart Digital Exchange (BSDEX) is the first multilateral and regulated trading venue for digital assets in Germany. Currently, more than 20,000 participants are connected to BSDEX – both private investors and institutional players. A conversation with CEO Sebastian Warnke. As the only classical stock exchange in Europe, the Boerse Stuttgart Group operates a multilateral trading system for cryptocurrencies with BSDEX. The cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP) are traded almost around the clock, seven days a week. The Boerse Stuttgart Group also brings its experience from 160 years of securities trading to 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: Bitcoin is up 8% this week, registering its largest weekly gain in months. Volume Dynamics: Ahead of Ethereum’s big upgrade, trade volume continues to surge relative to Bitcoin. Order Book Liquidity: Price slippage on FTX and Binance has fallen over the past 2 months despite the regulatory crackdown on exchanges. Macro Trends: Microstrategy shares are…

By 2028, Switzerland will need more than 117’000 new skilled workers in the field of information and communication technologies (ICT). This demand for talent is also emerging in the fast-growing Crypto Valley, where new technologies such as blockchain require additional, specific expertise. The training company TIE International has recognized this, which is why it founded Switzerland’s first blockchain apprenticeship together with two companies from the Crypto Valley. For former Federal Councilor Johann Schneider-Ammann, too, it is clear “that the future and immense potential for the business location are emerging in the Crypto Valley”. Attractive apprenticeships are intended to promote young…

Bitcoin USD daily basis Bitcoin USD Chart Analysis – Countermovement to the 40’000 USD Resistance Zone In the reporting week, the countermovement that started in the previous week was consistently continued. On Sunday, the Bitcoin price was already able to close the week at the first resistance zone around 35’000 USD. With the positive momentum of the previous week behind it, it managed to overcome said the resistance area on Monday. This led to a real price firework, which lifted the price in the course of the day even briefly above the 40’000 mark. The day’s closing price of 37’262…

The largest cryptocurrency exchange, Binance, is restricting its withdrawal limit for unverified users by 97% effective immediately, among other measures. The proactive step against money laundering is intended to counter ongoing allegations by regulators. The largest crypto exchange by trading volume has sharply reduced its daily withdrawal limit. Unverified accounts could previously withdraw up to 2 BTC. Now, only around $2000 (0.06 BTC) may be withdrawn per day. The change has already been implemented for new users, and will be phased in for existing users by August 23. Introducing a limit on daily withdrawals is a common practice among most…

The company behind investment app Robinhood is listing on NASDAQ this week, allowing its customers to subscribe to one-third of available shares directly in the app. The IPO follows strong growth over the past year, particularly in cryptocurrencies. Robinhood, the largest mobile platform for commission-free investing, filed its IPO with the U.S. Securities and Exchange Commission on the 1st of July. The company will be listed on NASDAQ under the ticker symbol HOOD and hopes to raise $2 billion in its debut on the public markets. The company is backed by Goldman Sachs and JPMorgan at a $35 billion valuation.…

From creating a marketplace for non-fungible tokens (NFTs) to building an air-gapped cold vault to enabling new sustainable digital assets, seven global crypto and digital asset startups join Mastercard’s Start Path program. Two Swiss companies are among them. Credit card company Mastercard announced a new Start Path global startup engagement program dedicated to supporting fast-growing digital assets, blockchain and cryptocurrency companies. As a continuation of Mastercard’s digital assets work, seven startups have joined the program, including GK8, Domain Money, Mintable, SupraOracles, STACS, Taurus, and Uphold. Expansion in the blockchain sector Together with Mastercard, they seek to expand and accelerate innovation…