Author: Editorial Office CVJ.CH

Ripple, the company behind the third largest cryptocurrency XRP, is awaiting a lawsuit from the United States Securities and Exchange Commission (SEC). The FinTech firm is being accused of selling unlicensed securities in the form of its XRP tokens. The U.S. Securities and Exchange Commission (SEC) will file a lawsuit against Ripple, CEO Brad Garlinghouse and co-founder Chris Larsen, according to a statement from the CEO. They claim the company violated laws against the sale of unregistered securities when it sold XRP to investors. Ripple expects the lawsuit to be filed before Christmas. Update 12.23.2020: The SEC has now officially…

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. This week in the cryptomarkets: Price Movements: Bitcoin’s new all time high above $24k ushers in an entirely new era of price discovery as the cryptoasset enters (literally) uncharted territory. Trading Volume: The majority of all BTC-USD volume occurs during the week, and not on weekends, indicating an institutional presence in cryptocurrency markets. Order Book Liquidity: Bid and ask depth plunged and spreads nearly…

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. Bitcoin reached a new all-time high this week just shy above USD 24,200. The recently published news about concrete institutional investments are likely to have made their contribution to the price appreciation. Besides individual tech companies like MicroStrategy and Square, for the first time an insurance company announced a Bitcoin allocation. This prompted major U.S. bank JPMorgan to take another look at the cryptocurrency.…

The world’s largest financial derivatives exchange, CME Group, is planning to launch futures for Ether (ETH) next year. The first cryptocurrency they have listed was Bitcoin (BTC) in late 2017, Ether will be the second one due to increasing client demand, according to CME. CME Group, the world’s leading derivatives marketplace, announced that it intends to launch Ether (ETH) futures starting February 8, 2021, pending regulatory review. The new contract will be cash-settled, based on the CME CF Ether-Dollar Reference Rate, which serves as a once-a-day reference rate of the U.S. dollar price of Ether. Ether futures will be listed…

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. This week in the cryptomarkets: Price Movements: Ethereum’s spectacular YTD returns and promising fundamental developments have attracted increased institutional interest over the past few months. Trading Volume: The most Bitcoin-Dollar trading occurs during the overlap between U.K. and U.S. trading hours. Volatility and Correlations: Bitcoin and Gold’s correlation turned negative for the first time since early July. Order Book Liquidity: Bid-ask spreads appear to…

One of the largest U.S. insurance companies, Massachusetts Mutual Life Insurance Company (MassMutual), is acquiring a minority stake in Crypto asset manager NYDIG, while making a $100 million Bitcoin investment for its general investment fund. MassMutual is a U.S. based insurance company that serves five million customers worldwide. With over $37 billion in revenue, it is one of the largest companies in the Fortune 500 by revenue. Yesterday, they announced an investment in NYDIG, which focuses on custody of digital assets for institutional investors. They also invested $100 million of their general investment fund in Bitcoin. First insurance company with…

Ralph Hamers, the new CEO of UBS Group AG, spoke out in favor of digital assets and tokenization at the Singapore Fintech Festival (SFF). He sees “virtually unlimited potential” in these technologies, especially for the Swiss financial centre and the Crypto Valley. This week, the annual FinTech Festival is taking place in Singapore, bringing together numerous major banks, companies from the financial world as well as regulators – including Credit Suisse and UBS. Ralph Hamers, CEO of the UBS Group as of November, spoke on topics such as neobanks, green fintech and open banking. However, the UBS chief sees particular…

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. This week in the cryptomarkets: Bitcoin had its highest monthly close ever as institutions expressed record-levels of interest in the crypto-asset.  Bitfinex plays a lesser role in cryptocurrency markets this bull run, compared with 2017. Bitcoin’s 30-day correlation with traditional financial assets plummeted to a 5-month low.  Ask depth has grown steadily over the past week as traders place large sell orders, threatening to…

Bitcoin USD daily basis Bitcoin USD Chart Analysis – Cracking the all-time high of 2017 While the previous week was still characterized by a temporary correction, the reporting week was already showing the pattern of rising prices that has been observed more as in recent times. On Sunday, trading activity above the USD 18’000 mark was observed. This was after a correction from USD 19,500 to below USD 16,500 in the previous week. Three days after reaching the low of the previous week, the USD 18’000 level was already recaptured. The bullish market momentum was confirmed by the finding that…

The Swiss Stock Exchange announced an investment in Custodigit, the joint venture created by Swisscom and Sygnum in 2018. With this agreement, SIX Digital Exchange, Swisscom and Sygnum Bank enable Swiss banks to offer access to digital assets for their customers. The Swiss Stock Exchange today agreed to take a major stake in Custodigit and to partner with Swisscom, Switzerland’s leading telecoms & IT company, and Sygnum, the first digital asset bank to be formally recognized by Switzerland’s regulator, FINMA. Crypto gateway for banks Subject to the appropriate regulatory approvals, SIX Digital Exchange and Custodigit will provide a unique Institutional…

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 Bitcoin price hit its all-time high for the first time this week, which was created in the 2017 Bull Run. While in 2017 primarily individual investors participated in the price increase, in 2020 an increasing number of institutional investors joined in. However, it is not only the price development that should be taken into account here, but in particular the underlying factors that…

CV VC is an early-stage venture capital investor with a focus on startups that build on blockchain technology. A conversation with CV VC Founder and CEO Mathias Ruch about the blockchain revolution, venture capital and the Crypto Valley. The foundation of the Crypto Valley can be traced back to 2013. The Swiss financial center and the boom in the Fintech industry had a significant influence on its development. Politicians and regulators were able to provide the necessary legal certainty at an early stage, thus laying the foundation for growth. Today, numerous companies are dealing with the introduction of digital assets,…

The world’s leading index provider S&P Dow Jones Indices, a division of financial data provider S&P Global Inc, plans to introduce crypto currency indices in 2021. To do so, the company is entering into a partnership with the US blockchain data provider Lukka. S&P Dow Jones Indices is the largest global resource for index-based concepts and financial market indicators such as the S&P 500 and the Dow Jones Industrial Average. As the market for investments in crypto assets has evolved over the last few years, investor interest in benchmarking and index-based solutions has increased. It has also intensified the need…

Visa, the largest company for payment cards alongside Mastercard, continues to intensively look into supporting crypto currencies. CEO Alfred Kelly sees great potential in this industry, particularly in so-called stablecoins, which include digital central bank currencies (CBDCs). Crypto currencies such as Bitcoin are often perceived as pure stores of value or investments. For Visa CEO Alfred Kelly, however, the role as an effective means of payment is much more important, said the entrepreneur in an interview with CNBC. In doing so, he is primarily addressing stablecoins – digital currencies whose price is usually linked to fiat currencies. This also includes…

Bitcoin USD daily basis Bitcoin USD chart analysis – First correction after reaching new highs Monday began with a relatively quiet trading day, with trading around the USD 18,350 mark. On Sunday, a first test of the market’s strength reached a daily low of 17’600. The following day saw the usual pattern of higher daily lows. This momentum was used on Tuesday, and Bitcoin was able to break through the USD 19,000 mark for the first time this year, setting a new annual high. On Wednesday, another higher daily low of 18,532 was recorded, but the daily closing price was…

Swiss digital asset specialist Sygnum Bank announces the launch of a new regulated end-to-end tokenization solution. The platform has two components: An emission platform for the primary market and a trading platform for the secondary market. According to the announcement, Sygnum now becomes the world’s first bank with a fully integrated, institutional-grade tokenization offering. This enables issuers to create unique investment opportunities for investors by connecting them seamlessly in one platform, and represents a landmark in the convergence of global public and private markets. Fast entry-point for issuers to raise capital, build liquidity, and efficiently transfer ownership and manage corporate…