Author: Editorial Office CVJ.CH

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…

A centralised exchange (CEX) is the concept of a central platform that enables the purchase and sale of various digital assets.

The French automotive group Renault wants to use a blockchain system to track compliance with legal requirements for vehicle components. Groupe Renault developed the project in response to the new market surveillance regulations. The new market surveillance regulations provide for regulatory controls, so the entire supply chain is affected by these regulations. Companies will be required to respond to regulatory requests in a shorter timeframe. These controls are to take place even if the vehicles have already been launched on the market. According to a Renault Group press release, the XCEED (eXtended Compliance End-to-End Distributed) blockchain project was developed to…

At the beginning of the Corona crisis, it was not clear how the lockdown would affect the Crypto Valley and the blockchain companies. The latest CV VC Top 50 Report indicates that the crypto region has in fact experienced growth. Certain observers feared that the prosperous, world-leading blockchain ecosystem could become a “Death Valley”. But the latest CV VC Top 50 Report now reveals that these predictions have not come true. On the contrary, The Crypto Valley is in a robust, mature state and has grown in the first half of 2020. More companies and more employees in the Crypto…

A general overview of the Aave DeFi protocol, as well as an interview with founder and CEO Stani Kulechov.

The Zug-based crypto and blockchain investment company CV VC is once again bringing a well-known personality on board. This time it is the former German politician Philipp Rösler. This is not the first reputable person, who was brought on the board of directors by CV VC. Philipp Rösler – former Minister of Economics of Germany, Managing Director of the World Economic Forum (WEF), and Head of the Chinese HNA Group – will chair the Advisory Board of CV VC in the future. Rösler is not the only former top politician who is working with CV VC. The board of directors…

Bitcoin/USD daily basis Bitcoin USD – Price dump brings Bitcoin back to around 10’000 USD After a significant decline in the previous week, the reporting week was characterized by consolidation at the new level of USD 10,000. For the most part, this took place above the USD 10,000 mark. At the beginning of the week, the strength of the market was tested below the 10,000 mark. The Bitcoin price reached its lowest point just below USD 9,000, with the main trading activity taking place above the USD 10,000 zone. The second half of the week was characterized by slightly rising…

The Swiss Blockchain Federation is pleased about the Council of States’ unanimous vote on the Blockchain legislation. This gives Switzerland one of the most innovation-friendly blockchain regulations in the world. Besides, the Swiss Blockchain Federation will start on this innovation in 2021. The Council of States today approved the Blockchain legislation without opposing votes. With this clear and positive decision – the National Council had previously approved it in June – it is now clear that Switzerland will have one of the most innovation-friendly legal bases for decentralized applications and business models. The changes to the law should come into…

Last week the event series “Crypto-Lunch” of our partner 10×10 took place. In this event series, which deals with different areas of the crypto world, experts took a closer look at the latest crypto developments. The speakers offered an interesting contribution, as well as informative explanations about current events in the field of crypto-currencies. A special aspect was the way the event took place. Participants could decide whether they wanted to attend the crypto lunch physically in person or via Zoom. The theme of the event was: Crypto-Assets – the asset of the future? More than a speculative object Rino…

One of the biggest food delivery services, Just Eat, now accepts bitcoin as a means of payment in France. This includes more than 15,000 restaurants and was made possible through a partnership with Bitpay. At the start of this year, the delivery services Just Eat and Takeaway.com merged, and it was time for rebranding. Together with a complete redesign, the new Just Eat France website expanded the amount of accepted payment systems, as reported by Decrypt. This includes Bitcoin and its “little brother” Bitcoin Cash. Partnership with Bitpay The whole thing was made possible thanks to the US payment service…

Roberto Campos Neto, the President of the Central Bank of Brazil, shared the plans regarding a central bank digital currency (CBDC). He suggested the year 2022 as a possible starting point. The Banco Central do Brasil is not the only central bank currently looking into digital currencies. At the moment, 80% of central banks worldwide research possibilities to implement their own CBDCs, and 40% have already started pilot projects, whose aim is to further investigate a central bank digital currency. An excellent example of this is the Chinese government, who wants to issue its digital Yuan before the Olympic Games…

A new nonprofit organization wants to protect the citizens of Belarus. The BYSOL organization focuses on people who’ve suffered during protests against the Lukashenko regime. Mass demonstrations mainly directed against the policies and presidency of Alexander Lukashenko have been going on for almost a month now. The presidential election on August 9, which internationally people assumed was manipulated, triggered the protests. The regime reacted to those protests in the country with mass arrests, police violence, internet blackout, and a call for help from Vladimir Putin. Despite numerous arrests and violence in prisons, people continue to gather in protests. Besides citizens,…

Bitcoin/USD daily basis Bitcoin USD daily basis – a drop returns bitcoin to USD10,000 The reported week featured a massive price drop by the middle of the week that nullified the previous week’s uptrend. Monday and Tuesday were similar to the last trading days, with higher values for each day’s lows and highs. Then, the price stabilized at USD 11,500 and shortly crossed the mark of USD 12,000. On Wednesday, a considerable drop returned bitcoin to the first support of USD 11,000. On Thursday, this support was broken and followed by a further powerful correction to above USD 10,000. The…

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. We start with a groundbreaking step for the crypto-adaptation in Zug: As more and more companies accept digital currencies, the Canton of Zug, as a state institution, will follow suit and allow Bitcoin and Ethereum for tax payments. This is not the only decision an institution has made this week. Another progressive decision was made by the health insurance company Atupri this week. From…

The Canton of Zug has always been a pioneer in the blockchain area and is in the heart of the Crypto Valley for a reason. Starting in 2021, Zug will be the first Swiss canton to offer the possibility of paying taxes with crypto currencies. An important step for the adoption of crypto-currencies as a means of payment: As more and more companies accept digital currencies, the canton of Zug, as a state institution, is following suit and allowing Bitcoin and Ether for tax payments. Tax payments with Bitcoin and Ether up to 100,000 CHF According to the cantonal press…