Author: Editorial Office CVJ.CH

EIP-1559 is an upgrade for the Ethereum protocol that solves the problems of volatile gas fees and Ether inflation.

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. Fidelity Digital Assets, the subsidiary of financial services giant Fidelity Investments, has published the first report of its Bitcoin investment thesis. The report describes Bitcoin as an emerging value investment and compares it to asset classes such as gold. The term “token” is often encountered in the world of crypto-currencies. It can be assumed that tokenization will fundamentally change our current financial system. Yves…

Fidelity Digital Assets, the subsidiary of one of the world’s largest asset managers, has published the first report of its Bitcoin investment thesis. The report describes Bitcoin as an emerging value investment and compares it to asset classes such as gold. Fidelity Investments is a US financial services company that currently manages over $8 trillion in assets. Two years ago they established a subsidiary, Fidelity Digital Assets, which provides custody and other digital asset management services. Last week they published the first part of their “Bitcoin Investment Thesis”. Bitcoin can mean different things to different people. Why Bitcoin is bought and stored…

Sector Analysis July 2020 Index Performance In terms of USD performance, all major FTX Indices (ALT/MID/SHIT) performed very well throughout the entire month – ALT Index :+36%; MID Index: + 28%; SHIT INDEX: + 19%. All ALT constituents (9 coins) showed a positive performance. Within the MID constituents (24 coins), performance was mixed: 17 coins performed positively, whereas seven coins were negative. The performance of SHIT constituents (50 coins) was also very mixed. Only 24 coins showed a negative performance; 36 coins are up. On the graphs below, you will find more $ performance values for each coin within the…

The Tel Aviv Stock Exchange (TASE) plans to launch the country’s first central securities lending platform on November 2. The system is based on blockchain technology and is currently being tested. Currently, there is no central platform for securities lending on the Israeli market. Instead, it is carried out via interbank mechanisms. However, this means that the full potential of the market cannot be exploited. Blockchain-based “Central Block Chain Securities Lending Platform For this reason, the Tel Aviv-based stock exchange (TASE) plans to introduce the “Central Blockchain Securities Lending Platform”. Blockchain technology is a suitable solution for supporting securities markets…

The credit card company Mastercard announced this week that it intends to expand its offer for crypto-currencies together with the company Wirex. The aim is to make it easier for consumers to hold and purchase crypto-currencies. According to a press release issued by the company, consumer interest and investment in digital currencies is increasing. Research has shown that up to 20% of the population in some countries have crypto-currencies, and an increasing number of retailers are exploring the area. Extension of the partner program The planned expansion should make it easier for partners of the company to bring secure and…

Bitcoin/USD daily basis Bitcoin USD – Overcoming the 10’500 resistance leads up to 12’000 USD An eventful reporting week! Monday began with higher prices than the previous week and with a first intraday test over USD 10,000 and a daily closing just below that. A subsequent massive price increase on Tuesday was a tough one, taking the Bitcoin price first through the historical resistance around 10’500 USD, directly to a daily high of just over 11’400 USD. The daily close was close to 11’000 USD. On Wednesday a first setback to USD 10,500 was recorded, but the closing price was…

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. Let’s start with basics: What are cryptocurrencies and for what purpose are they used? To refresh your basic knowledge, we have prepared a summary of the webinar “Back to Basics” . In the United States, national regulation of digital currencies is on the move. National banks can now legitimately offer crypto-custody to customers. The letter from the authority sets a legal milestone in the states, and suddenly brings…

Today, Bitcoin Capital, a new ETP issuer on the Swiss stock exchange, launches the very first actively-managed Crypto ETP tradable on a regulated marketplace. The ETP provides additional opportunities for retail and institutional investors to diversify their portfolios by incorporating an actively-managed basket of cryptocurrencies. This takes the number of ETP providers available at SIX to 5, and the number of ETPs to a record of 31 – further strengthening the position of the Swiss Stock Exchange as the world’s leading market place for regulated crypto products. With their newly tradable ETP at SIX, Bitcoin Capital offers exposure to a…

This week, the US supervisory authority, Office of Comptroller of the Currency (OCC), announced in an open letter that nationally licensed banks are allowed to offer custody services for crypto-currencies. The regulatory environment in the United States regarding the provision of trading and services in digital assets is not uniformly regulated. The legal situation is unclear. US banks then wanted to obtain more detailed information from the U.S. Office of the Comptroller of the Currency (OCC) about the rules governing the safekeeping of crypto-currencies. This resulted in the public letter in which this was explicitly approved. “The provision of custody…

The mobile e-sports platform ESPN Global wants to launch a block chain based gaming platform. An Initial Exchange Offering (IEO) with own Smart Gaming Tokens is to follow. The project is currently in the pre-introduction phase. ESPN Global is the mobile e-Sports platform based in the UK. It is operated by the ESPN Global Corporation Ltd. based in Poland. It offers some of the most popular games in one application. It is a format that allows users to select a game and join a group of participants. Users can compete against each other in real time and the winner is…

Bitcoin/USD daily basis Bitcoin USD – Another push towards 10,000 USD Monday began with another trading day with a low trading range around USD 9,200, as has been seen very often since 25 June. However, on Tuesday, a push into the 9’400 region was initiated, which closed near the daily high. On Wednesday and Thursday, two more trading days of rising prices followed, pushing Bitcoin towards USD 9,600. After two days of consolidation at the new level, the zone was tested again above 10’000 USD on Sunday. This led briefly to a daily high of 10’150 USD. Currently, the price…

What are crypto-currencies, what are they for and what are the differences between Blockchain and Bitcoin? These and other fundamental questions were explored in the webinar on July 15. The webinar series, which provides basic knowledge about blockchain and crypto-currencies, is a cooperation between CVJ.CH and 21 Shares AG, a provider specialized in digital assets. In a constructive series of six blocks of 30-minute sessions, the aim is to help participants gain a basic understanding of what happens around crypto assets. In an interactive dialogue, the various topics are dealt with by experts. This is followed by a question and…

A few weeks ago, the government of Beijing published a two-year plan in which they describe their goals with regard to the integration of the blockchain. The Chinese capital is to become an international “blockchain hub” and also integrate the technology into its administration. The government’s main goals are defined in the 145-page action plan, which includes building a blockchain-based unified framework for digital administration, simplifying the exchange of data between government agencies and businesses, and facilitating interdepartmental and interregional cooperation, Technode reports. China as a pioneer in the blockchain sector Beijing is not the first city in China to…

A discount call warrant belongs to the category of exotic warrants. In general, exotic warrants are the securitized combination of various options and thus a further development of classic (“vanilla”) warrants. Structured products include strategies that are composed by combining financial instruments and derivatives. This combination allows investors to trade a complex derivative strategy in the form of a security. Structured financial products are tailored to a certain expectation regarding the market performance of the underlying instrument and have a corresponding specific risk profile. How “Discount Calls” Work The investment strategy underlying the discount calls is a so-called call spread,…

The US-American online travel agency behind the expedia.com website will in future enable the payment of the more than 700,000 accommodations using crypto-currencies. A partnership with Travala.com has also been agreed. The company, which was founded in 1995 and has its headquarters in Washington, employs around 20,000 people. In the first quarter of 2020, Expedia achieved a turnover of approximately 2.2 billion US dollars. Expedia Partner Solutions (EPS) – a subsidiary of the company – had enabled Travala.com to grant access to a so-called “Rapid Application Programming Interface”, which now allows Travala users to directly offer Expedia’s accommodation to their customers. Users should be…