Author: Editorial Office CVJ.CH

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…

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: As Bitcoin (BTC) suffered steep losses, Ethereum (ETH) and several altcoins reached new all time highs, a divergence from typical market behavior. Trading Volume: As Ethereum reached a new all-time high its trading volume actually surpassed that of Bitcoin for a brief moment. In general, trading sizes have increased over the past months – a…

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 world’s largest asset manager, BlackRock Inc, has filed two applications with the SEC seeking access to the crypto market for select funds of the provider. In specific, the filing is regarding bitcoin derivatives with the Chicago Mercantile Exchange (CME). A month ago, Chief Investment Officer (CIO) Rick Rieder already called bitcoin “digital gold,” citing strong demand from BlackRock clients. Unlike the world’s largest…

Decentralized Finance (DeFi) is one of the most expansive sectors in the crypto space. So-called “wrapped tokens” are an important DeFi building block. They allow cross-blockchain transactions. An overview of the interoperability project Ren in an interview with COO Michael Burgess. Ren is an open protocol that enables the fluid movement of value between blockchains (interoperability). Its core product, RenVM, brings interoperability to decentralized finance (DeFi). Ren was founded in 2017 and is headquartered in Singapore. A $34 million funding round was closed in February 2018, which was followed a year later by the co-founding of WBTC. The REN token…

Ethereum (ETH), the second largest cryptocurrency by market capitalization, touched the all-time high last reached in 2018 on some exchanges before a correction occurred.  Time for a brief overview of the latest developments. While Bitcoin (BTC) has been in price discovery beyond its 2017 all-time high since December, Ether (ETH) has not yet been able to break through the 2017/18 bull market high. Yesterday, the first attempt occurred and the all-time high was reached on some exchanges. Reaching an all-time high after a bear market that lasted more than three years, underscores an ongoing evolution and adoption of a cryptocurrency.…

“Due to many Client inquiries,” strategists at Swiss bank UBS recently expressed their assessment of Bitcoin and cryptocurrencies in general. The bank warns that a total loss is possible, and has a hard time with an assessment of the “fair value”. Last week, the major Swiss bank published a report called “Should I buy Bitcoin?” The UBS Global Wealth Management department does not rule out higher prices in the short term, but the investment experts remain sceptical about the cryptocurrency. They cite regulatory uncertainties as well as the possibility that a “more popular” cryptocurrency could replace Bitcoin in the future.…

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: Intraday Bitcoin price movements are becoming more extreme and constant, with hourly returns of +/- 2% occurring nearly every day since mid-December. Trading Volume: The average trade size on Coinbase has doubled since March. Also, Bitcoin markets recorded their highest daily volume ever. Order Book Liquidity: Market depth and spreads recovered more quickly after the…

Bitcoin USD daily basis Bitcoin USD Chart Analysis – First Consolidation Accompanied by High Volatility The new all-time high which was reached on Friday of the previous week remains in place for the time being. At the weekend, a first consolidation set in, which was initiated on Sunday with increasing selling pressure. This brought the daily low price at the end of the week back to the 35’200 USD. This was followed on Monday by an impressive selling wave, which led the Bitcoin price back to a daily low of 30,500 USD with record volume. Remarkably, the daily close took…

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 story of the German programmer Stefan Thomas, who lost access to his Bitcoins worth over 250 million Swiss francs, has made headlines this week. In order to understand such incidents in some depth, a trip into Bitcoin’s price history and unique characteristics is worthwhile. The first trade of Bitcoins for dollars is said to have taken place in July 2010. Sources refer to…

The Swiss Stock Exchange welcomes ETC Group as a new ETP issuer. With the listing of the BTCetc Bitcoin ETP (Primary Ticker: BTCE) by ETC Group, the Swiss Stock Exchange is strengthening its position as world leading marketplace for regulated crypto products. “We welcome ETC Group to the family of ETP providers offering their products at SIX. With the new product, investors gain access to 100 different crypto products trading on our platform and with this have even more opportunities to diversify their portfolio.” – Christian Reuss, Head SIX Swiss Exchange, Markets, SIX. The Swiss Stock Exchange, the world’s leading…

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: Markets are in full-on price discovery mode with price swings now as extreme as the March market crash. Trading Volume: While the majority of Bitcoin trade volume occurs against Tether (USDT), the proportion of Bitcoin – U.S. Dollar volume has grown since the bull run commenced, indicating an institutional presence. Order Book Liquidity: There is…

The complete overview of the day’s events in the (crypto) markets. Concisely summarized in a market commentary by the CVJ.CH editorial team. Market Commentary Bitcoin (BTC) was not impressed by the chaos in the US and rose to a new all-time high of over 38,000 US dollars today. In fact, Bitcoin’s parabolic price rise has allowed it to break into the top 10 global assets by market capitalization. Depending on the source, the exact rank varies. CompaniesMarketCap currently sees the cryptocurrency at number 11, just behind Tesla. This also brings Bitcoin closer to the market capitalization of the precious metal…

The Office of the Comptroller of the Currency (OCC) has published new guidance on Blockchains and Stablecoins in the United States. Licensed US banks are now allowed to use decentralized networks and regulated stablecoins for payments. The regulator already showed itself to be Blockchain-friendly six months ago, when it granted U.S. banks permission to hold crypto – a landmark decision. Now the OCC has commented on so-called stablecoins, cryptocurrencies linked to the price of fiat currencies such as the U.S. dollar. It is a hot topic given the strong stablecoin growth in 2020, as well as the initiatives on central…