Author: Editorial Office CVJ.CH

Yearn Finance (YFI) is a decentralized finance platform that operates as a yield aggregator on the Ethereum blockchain

Covesting is a new peer-to-peer copy trading platform that recently made its debut on PrimeXBT after an extended beta phase. During both the official rollout and the beta period, traders utilized various methods to develop their strategies and reputation, and demonstrate their skills to the trading community. Results varied just as widely, with some risk-taking traders racking up ROI rapidly, while others took a slow and steady approach for safe and sound risk management. Whatever the strategy manager ultimately decides to apply will be put to the test dynamically for all to see, thanks to the fully transparent Covesting rating…

The University of Cambridge has published its third study on the use of cryptocurrencies. It’s 71-page paper called “Global Cryptocurrency Benchmarking Study” examines the industry growth and looks at how different sectors behave. The study was conducted by the University of Cambridge and the Centre for Alternative Finance. It includes two surveys from March and May 2020 that compile a series of key figures in a report. Here’s a summary of the main points of this study: Growth within the ecosystem The report begins with employment figures in the crypto-asset ecosystem and concludes that while the industry offers opportunities, it…

CfC St. Moritz announced the dates for the fourth annual Crypto Finance Conference, complete with a COVID-19 safety strategy validated with the Swiss health authorities. There will be speakers from Winklevoss Capital, Swiss National Bank, European Parliament, and more. Crypto Finance Conference (CfC St. Moritz), one the biggest digital asset and blockchain conference for investors, will return to the Swiss Alps of St. Moritz from 20th – 22nd January 2021, for its fourth annual in-person event. For three days, opinion leaders and high-ranking representatives from governmental and supranational bodies, the private sector, academia and decentralized organizations exchange their knowledge about…

Up to now, assets such as land, art, wine, etc. have been limited either to geographical boundaries or accredited investors. Through ” tokenization “, assets can be made available to a wider audience. A practical example. Asset tokenisation enables the use of smart contracts to automate processes such as settlement, compliance, distribution, reporting, etc. Global transferability, 24/7 markets and partial ownership of assets will improve accessibility for investors. Assets such as real estate, private equity and art could gain liquidity with ease of transferability. With the introduction of tokenization and partial ownership, illiquid assets can overcome these disadvantages and enjoy…

Bitcoin/USD daily basis Bitcoin USD – Renewed assertion above 10’000 USD The reported week started with a drop in the Bitcoin price, which brought Bitcoin back to the 10,150 zone on Monday. The USD 11,000 zone of the previous week was thus rendered void in an instant. Until the middle of the week Bitcoin held its ground in a trading range between USD 10,250 – 10,500. On Thursday a price increase followed, with a daily closing price of USD 10,700. Until the end of the week, the price remained at this level within narrow trading ranges. Test of the newly…

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. The future of the financial sector is digital. Digital assets have been complementing the investment universe for some time now. A wide range of instruments, trading possibilities and other services are already available in Europe. Regulation naturally lags behind fast-growing sector. Switzerland was able to introduce legislation at an early stage to ensure legal certainty. The European Commission has now proposed a new package…

The European Commission has proposed a new package regarding digital finance. For the first time a draft includes regulation on crypto-assets, which is intended to create legal certainty in the European Union (EU). According to a press release, the European Commission this week presented a new legislative proposal to regulate digital financial products and crypto-currencies. The draft legislation, called Regulation on Markets in Crypto Assets (MICA), aims to clearly define what a crypto asset is and what subcategories exist. Digital assets that were previously unregulated would also be included in the legislation. The Digital Finance Strategy More and more consumers…

Uniswap, currently the largest decentralized exchange, launched its “UNI” token last week. They celebrated this by granting 400 tokens to each user – nearly 3’000 US dollars for a short period of time. We explain the latest events concerning Uniswap and its competitor, SushiSwap. Decentralized Exchanges (DEX), together with the DeFi space, have recently experienced an incredible hype. Uniswap was able to establish itself as the largest platform. Within 90 days, the total value locked (TVL) has exploded from almost 50 million USD to 1.5 billion USD. There have been countless copies of the platform lately, which led to huge…

The Zug-based crypto and blockchain investment company CV VC announced that it is investing in the new Finka Token. The security token gives investors access to a cattle farm in Bolivia as an asset class. CV VC has signed an agreement to invest in the Finka Token as part of a newly introduced Digital Assets category, in addition to VC investments. Their investment sets a foundation for sustainable Digital Asset investments in the rapidly growing blockchain ecosystem. A way to democratize capital The Finka Token is an investment with significant impact. Beyond the positive environmental and social impact, by leveraging…

Together with the U.S. Air Force research laboratory, the United States Space Force (USSF) has hired a Silicon Valley blockchain company called Xage Security to develop its data protection strategy. Last week, blockchain company Xage Security announced that it got a contract from the U.S. Air Force Research Laboratory to assist the United States Space Force (USSF) in the area of cybersecurity. The USSF is one of the six national army agencies of the United States. USSF depends on technology The USSF was designed to protect space by training military space professionals, acquiring space systems, and organizing space forces. Space…

The Board of Directors of InCore Bank appoints Dr. Daniel Diemers as a new member. With Daniel Diemers, InCore Bank is gaining a proven strategy expert in banking and digital assets to join the board. Diemers – a strategy consultant with over 20 years of experience – has already advised InCore Bank in strategic projects for the introduction of new digital services in recent months. In addition to his future work on the Board of Directors, Diemers is an independent strategy consultant in the financial services sector in Europe and the Middle East, supporting companies in developing and implementing growth…

Toby Triebel, successful founder and CEO of fintech business models, will take over the Vontobel Client Unit Digital Investing management on October 5, 2020, and become a member of the Operating Committee. Vontobel aims to further expand its range of digital solutions for international investors. The investment house Vontobel, which is one of the leading and most innovative Swiss providers of digital investment solutions for investors in Europe with its digital platforms such as “derinet” and “Volt,” is strengthening its position with the financial market and fintech expert Toby Triebel. As of October 5, Triebel will take over the global…

The state of Wyoming recently accepted the application of one of the largest crypto currency exchange services, Kraken. This makes Kraken Financial the first exchange for digital assets with an official banking license in the United States. Kraken Financial, headquartered in Cheyenne, Wyoming, will become the world’s first “Special Purpose Depository Institution (SPDI)” according to a press release. This makes Kraken the first exchange for digital assets in U.S. history to receive a banking license that is recognized under federal and state law. Kraken Financial will thus be the first regulated U.S. bank to offer comprehensive deposit, custody and fiduciary…

Bitcoin/USD daily basis Bitcoin USD daily basis – a drop returns bitcoin to USD10,000 In the reporting week, Bitcoin continued the rising trend from the USD 10,000 mark, which formed at the end of the previous week. Thus, on Monday, the 10’800 USD could already be approached again with the largest daily profit of the week. This was followed by four trading days with consistently higher daily lows and highs, which took the price to just over USD 11,000. After a rejection at the weekly high of only over 11,200 USD on Saturday, a correction to the last trading day…

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. DeFi is currently a hot topic in the crypto area. In the field of lending, the Aave protocol is the largest DeFi project. Founder and CEO Stani Kulechov gives insights into the sector. An article by Ives Longchamp takes a closer look at the history and profitability of Bitcoin Mining businesses, factors contributing to Bitcoin Mining’s profitability and also the rentability after the last…