Author: Editorial Office CVJ.CH

The GameStop (GME) debacle garnered a lot of attention. Some people consider the problem to be centralized systems. According to these critics, the shortcomings of today’s financial system could possibly be solved by decentralized Blockchain alternatives. Robinhood’s trading app came under fire after trading restrictions were imposed on its users. As more brokers followed suit, it sparked an outcry in social media groups, and among elected government officials. Concerned parties suspected an attempt by Wall Street to protect itself against newly empowered populist investors. Depending on one’s perspective, the debacle revealed, on the one hand, the power that large institutions…

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 the cryptomarkets: Price Movements: Bitcoin crossed $60k, a premium emerged on BTC-Euro markets, and NFT tokens are soaring. Trading Volume: Binance’s market share of volume continues to grow versus the exchange’s biggest competitors. Order Book Liquidity: Market depth for BTC-USD is heavily skewed towards the sell side, which suggests profit taking preceded this morning’s crash. Volatility and Correlations: 180D…

Bitcoin USD daily basis Bitcoin USD Chart Analysis – Another High After Healthy Correction The upward movement set in the previous week consistently continued in the reporting week. On Monday, the Bitcoin price closed at USD 52,394, a level not seen since February 23. The trading action of the previous week led to an effective bottoming after the previous correction. By surpassing the respective highs of the more than 12 days lasting bottom formation, a strong technical signal for a continuation of the ongoing bullish macro trend was set at the beginning of the reporting week. Subsequently, an ascending price…

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 way in retrospect in our weekly review. After a few US companies have made bitcoin investments, the first institutional interest in cryptocurrencies is flaring up from China. Listed tech firm “Meitu” unveiled an initial investment of $40 million this week. The company sees great potential in digital assets and is considering further investments. The Chinese company did not limit itself to Bitcoin (BTC), over 50% of their initial investment was in…

A comprehensive overview of the latest developments in the (crypto) markets. Concisely summarized in a market commentary by the CVJ.CH editorial team. Market Commentary Bitcoin (BTC) After reaching the new all-time high of around $58,000, a sharp correction (-25%) followed, taking the bitcoin price back to the $45,000 zone. In the last two weeks, it recovered quickly and we are back at the all-time high. For the trend of higher highs and higher lows to continue, Bitcoin would now need to be able to prevail. A rejection from the all-time high could lead to a potential double top – a…

For the first time, a digital artwork in the form of a non-fungible token (NFT) was sold at a major auction house. The price of the painting by Mike Winkelmann aka “Beeple” was a record high of $69 million. A milestone for NFTs? “5000 Days” was the first all-digital NFT sold by Christie’s. The first time the auction house agreed to accept payments in Ether (ETH). Last year, they already sold an NFT by British artist Robert Alice. However, this one was linked to a physical work. The piece sold for $131,250, which seems like pittance after “5000 Days.” NFT…

Basically, the permaweb is a collection of interlinked documents and applications – just like the traditional web – with the difference that all content is completely permanent. Arweave coined the term with its Blockweave protocol.

Neue Privat Bank and InCore today announced that NPB is introducing InCore’s comprehensive Digital Asset Banking Services to its clients. As a result, clients are now able to trade in major crypto currencies and benefit from a highly secure Switzerland-based custody solution. NPB, a Zurich-based boutique private bank, has been a partner of InCore Bank, a leading Swiss business process outsourcing and transaction bank, since 2013. The launch of Digital Asset Banking Services is a testament to the success of the partnership, which again enables NPB and its clients to benefit from InCore Bank’s highly innovative technological developments. Digital Asset…

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 the cryptomarkets: Price Movements: Tether frequently exhibits positive drift from its 1-to-1 dollar peg, which could be linked to trading behavior during price crashes. Trading Volume: Uniswap trade volume reached record highs in February. Order Book Liquidity: Binance’s BTC-USDT trading pair is the most liquid spot pair in cryptocurrency markets. Volatility and Correlations: Last week, the U.S. Dollar Index reached a 3-month high as…

Bitcoin USD daily basis Bitcoin USD Chart Analysis – Incipient Correction After New High On Sunday, Bitcoin was able to break the one-week trend towards lower prices for the first time. Since the recent all-time high just below 60’000 USD, a consolidation set in during the previous week, which took the Bitcoin price to 43’200 USD at the low. The price increase on Sunday brought the price back to 49’700 USD at the end of the day, and thus above the level of the respective daily highs of the past 3 trading sessions. So, with this feedback from the bulls,…

Covesting, a copy-trading module available from Bitcoin-based trading platform PrimeXBT, has become a popular tool in the growing cryptocurrency trading space thanks to its ease of use, and potential profits. The crypto trading space is one that has a vast number of experienced traders, but also an influx of new and inexperienced ones. These traders are looking to make their mark in the crypto space, but it is not simple for everyone, even those with previous traditional trading experience. The benefit of Covesting, and the copy-trading process is that the difficulties of making good crypto trades and the anxiety that…

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 way in retrospect in our weekly review. Over the past few months, increased institutional interest in Bitcoin became evident. This has also been noticed by Wall Street. Accordingly, a number of financial institutions are preparing for a larger adoption of crypto assets. Evaluations of the new digital asset class are being made and services are being defined. As one of the largest financial services providers, Citibank has published a detailed report…

After one year of Corona, it is clear that The Crypto Valley is in robust, mature shape and on a solid foundation for further growth. This is evidenced by the latest figures in the latest CV VC Top 50 Report, which cover the period July 2020 to February 2021. At the beginning of the Corona crisis, it was not clear how a lockdown would affect Crypto Valley and blockchain companies. Observers feared that the thriving, world-leading blockchain ecosystem could become a “Death Valley.” As the latest CV VC Top 50 Report shows, those predictions did not come to pass. The…

Citibank, one of the world’s largest financial services providers, recently published a detailed report on Bitcoin. They see great potential in the cryptocurrency and speak of a “tipping point” for digital assets. Is Bitcoin entering the mainstream? Citibank’s report is based on a series of interviews with CEOs and professionals from the leading custodians, exchanges, infrastructure and asset management firms. It includes Bitcoin’s potential in addition to its origin story. Bitcoin has given rise to, influenced and inspired new business models. At this point, no one can say how far the potential transformation will continue. Bitcoin’s journey has clearly reached…

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 the cryptomarkets: Price Movements: Immense selling pressure contributed to ETH’s flash crash on Kraken. Trading Volume: Last week’s sell-off resulted in the second highest daily volumes ever recorded. Order Book Liquidity: Rising bid depth for BTC-USD markets suggests traders predict a continuing downtrend. Volatility and Correlations: Optimism for the U.S. economy could be a bearish signal for crypto. Price crash shakes markets A lot…

In addition to a comprehensive corporate offering for blockchain and crypto companies as well as the trading and custody of digital assets, the spectrum of innovative crypto services of private bank Maerki Baumann is now being rounded off by investment advice in connection with this asset class. Thus, the independent Swiss private bank headquartered in Zurich now offers an integrated total solution for both traditional and digital assets. In this way it is strengthening the synergies between traditional private banking and the new crypto world. Although digital assets were still an experimental asset class followed by a small number of…