Author: Editorial Office CVJ.CH

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. This week Bitcoin once again made it into the headlines of traditional media. The reason was a Bitcoin investment of $1.5 billion by the car manufacturer Tesla. The amount invested represents about 8% of the company’s total liquidity. The corporation also plans to consider precious metals such as gold and silver as a liquidity substitute in the future. The announcement came a few weeks…

Credit card company Mastercard announced this week that they will accept “select crypto currencies” as payment. Their focus will primarily be on centralized stable-coins and central bank digital currencies (CBDCs), not Bitcoin & Co. According to the company, there is no denying that digital assets are taking on an increasingly important role as a means of payment. Through its partner program with crypto companies, it has been possible to make purchases with crypto currencies for some time. Now Mastercard is looking to bring isolated crypto assets directly to their network. Impressive growth of Stablecoins Last year, the market capitalization of…

The Crypto Valley is known to be one of the most “crypto-friendly” regions in the world. But what specifically is happening within the Blockchain ecosystem? The “Crypto Valley Roundup” aims to provide insight and highlights from selected events every two months. With the first Blockchain companies settling in the area of Zug from 2013 onwards, the term “Crypto Valley” was soon born in reference to the “Silicon Valley”. Thanks to politics and regulation, Switzerland was able to create the necessary legal certainty for a flourishing ecosystem around Blockchain and cryptocurrencies at an early stage. The regulator, which provides the necessary…

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: Tesla revealed that they have purchased $1.5B in Bitcoin, which instantly caused the price to shoot to a new all time high above $44k (and in the process, crashing several of the world’s largest exchanges). Ethereum also reached a new ATH ahead of its CME futures debut. Trading Volume: The average trade size for ETH-USD…

The crypto tweets of Elon Musk, CEO of Tesla and currently the richest man in the world, gathered a lot of attention over the past few weeks. Now it has been revealed that Tesla has invested $1.5 billion in Bitcoin, and the company plans to accept it as a payment method in the future. Elon Musk attracted increased attention last week with crypto-related social media activities. He changed his Twitter profile to #Bitcoin and tweeted often about the altcoin Dogecoin (DOGE), a cryptocurrency created from a copy of the Bitcoin code and originally introduced as a joke. He then took…

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 the consolidation phase at around $36k a week ago, a selling wave led the Bitcoin (BTC) price back to the 50-day average (light blue line). Since the all-time high at around $42k, a short-term bearish trend consequently formed. This was broken at the end of January and Bitcoin is again eyeing the ATH. The strength of Bitcoin’s support below the $30k mark has now become apparent. We may still be in a consolidation…

Cryptocurrencies in general and Bitcoin in particular are no longer an insider’s tip, no longer an aloof investment vehicle for a few, risk-loving super-rich. Anyone can install a wallet from the APP store within minutes and load Crypto onto it. This is being done more often as distrust of Bitcoin and other cryptocurrencies lessens. This applies to your customers too. Using inapay, you can quickly accept Bitcoin and other cryptocurrency payments in your shop. “With inapay, it was really a one-stop solution: it was easy to implement and introduce into our workflows. Being a first-mover or early adopter, you want…

How will blockchain technology affect our lives? Can digital currencies establish themselves as an asset class? The questions that arise in the world of crypto seem limitless. We limit ourselves to five and turn to experts in the field. The development in the blockchain and cryptocurrency space as well as the rapidly growing ecosystem around the new technology is fascinating. Behind it are people who believe in this innovation from the bottom of their hearts. People with a pronounced passion for the field, contagious enthusiasm and entrepreneurial spirit. In the CVJ.CH format “5 questions”, prominent and respected specialists and entrepreneurs…

Project Helvetia, an experiment between the Bank for International Settlements (BIS), the Swiss National Bank (SNB) and the financial market infrastructure operator SIX, plans to integrate tokenized assets into existing payment systems. Project Helvetia has, in a real-world environment, demonstrated that it is possible to provide central bank money to settle securities transactions using new technologies. Not only is it possible to interconnect existing systems, but a new type of central bank money – a wholesale digital central bank currency (CBDC) – could also be issued. Digital Swiss franc The BIS Innovation Hub has said that Project Helvetia (clearing tokenized…

21Shares, a Switzerland-based investment product provider, is launching the world’s first exchange traded product (ETP) for the cryptocurency Polkadot (DOT). The Polkadot ETP (PDOT) will list on the Swiss SIX Exchange on Thursday. 21Shares AG, an issuer of crypto Exchange Traded Products (ETPs) is launching the world’s first Polkadot ETP (ADOT SW – CH0593331561 – PDOT) “DOT ETP” on the regulated segment of the Swiss stock exchange (SIX Exchange) on Thursday February 4th, 2021. Last Friday, Polkadot was admitted by the Index Provider to the 21Shares HODL basket ETP as second-largest constituent after Bitcoin (BCH being removed) and as such,…

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 soared double digits after Elon Musk changed his Twitter bio to #Bitcoin, highlighting the power of social media to move markets. Trading Volume: The proportion of total Ethereum trades denominated in U.S. dollars has doubled over the past 5 months, which suggests an influx of new traders. Order Book Liquidity: Price slippage for ETH-USD…

The Crypto Finance Group announced that its brokerage subsidiary has been granted a securities house licence by FINMA. The licence will allow the Crypto Finance Group to begin offering new products and serviceswhich will all meet the standards warranted by prudential regulatory oversight. Crypto Broker AG, the Crypto Finance Group brokerage, has been granted a licence as a securities house with a bilateral trading facility by FINMA, the Swiss Financial Market Supervisory Authority. The licence is recognition of the group’s consistently professional approach to crypto asset trading, liquidity provision, and innovation in financial services. “Getting the securities house licence for…

With the adoption of the DLT law today, SEBA Bank is issuing its Series B Participation Certificates as tokenized equity securities on the Ethereum blockchain. The Equity Tokens will be issued and held within SEBA’s own banking-grade digital custody in a FINMA regulated environment. SEBA Bank, a FINMA licenced Swiss Bank, today announced it is issuing its Series B equity to its shareholders as security tokens on the Blockchain. With this industry-leading capability, they are now able to offer a new standard of security, efficiency and flexibility in Digital Corporate Finance and Asset Tokenization capabilities. SEBA is actively engaging with…

Bitcoin USD daily basis Bitcoin USD Chart Analysis – Continued Consolidation with Lower Highs At the beginning of the reporting week, we saw a continuation of the consolidation phase above the 30’000 level. This is a level that is emerging as a support zone since the correction initiated since the all-time high was reached. On Monday, trading started at around USD 32’000. The high reached during the day at 34’962 could not be held and so the Bitcoin price closed at the same level of the previous day. The created classic “Gravestone Doji” seemed to unsettle some market participants on…

Hester M. Peirce is an American attorney specializing in financial market regulation. Peirce is currently a commissioner at the Securities and Exchange Commission (SEC). A discussion about cryptocurrencies and their compliance requirements in the United States. A lot has happened in the regulatory area around cryptocurrencies in the last year. After a long period of restraint, authoritative legal foundations around digital assets have emerged, particularly in the USA. For example, U.S. banks received permission from the Office of the Comptroller of the Currency (OCC) to hold digital assets for their customers, as well as to use private stablecoins for payment…

A broad front of opposition is growing against FinCEN’s latest regulatory proposal regarding KYC/AML rules for digital assets. Opponents say the rules would destroy many of the benefits of the technology and create new, centralized data collection points. An overview. The U.S. Treasury Department under Steve Mnuchin proposed strict KYC rules for cryptocurrencies in December that go far beyond the current ones. It wants to force exchanges to verify the identity of wallet holders when a transaction to a self-hosted wallet exceeds $3’000. In addition, the agency has asked digital exchanges to submit personal information of wallet owners, including their…