Author: Editorial Office CVJ.CH

The second largest public Blockchain network Ethereum has undergone a remarkable development. The smart contract platform is growing steadily and has already been able to reinvent itself a few times in its still young history. A review and outlook. Ethereum is more than just a digital currency. The Ethereum network represents a specialized, decentralized and globally accessible platform for distributed computing. Its own currency (ETH or Ether) serves as “fuel” to execute the code within the platform and is also paid to the miners as a fee to secure the network. Via so-called “smart contracts”, applications can be executed on…

VanEck has become the latest European ETF issuer to launch a bitcoin exchange-traded-note (ETN) on the Deutsche Boerse. The VanEck Vectors Bitcoin ETN (VBTC) is listed on the Xetra with a total expense ratio (TER) of 2%. According to a press release, VBTC tracks the MVIS CryptoCompare Bitcoin VWAP Close index which is directly linked the price of bitcoin. Fully replicated, VanEck is partnering with Bank Frick, a crypto custodian regulated in Liechtenstein, where the bitcoin are held in ‘cold storage’. Bitcoin ETPs Bitcoin ETPs are available to be launched on Germany’s Xetra after the cryptocurrency received approval from BaFin, the German…

Rick Rieder, Chief Investment Officer (CIO) of the world’s largest asset manager BlackRock, recently made a positive comment on Bitcoin. He believes that the increasing digitalization of currencies will allow for a broad adoption of Bitcoin. BlackRock Inc. is the world’s largest asset manager with $7.4 trillion in assets under management (AuM). CIO Rick Rieder was asked about Bitcoin in an interview with CNBC late last week. Although Rieder says he does not own Bitcoins himself, he is optimistic about its future. His statements are in line with other influential investors like Paul Tudor Jones. https://youtu.be/DA5spxR-5tw Bitcoin: Here to stay…

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 (BTC) has gained more than $5,000 over the past 30 days, breaking $18k for the first time in nearly three years. Ethereum’s (ETH) YTD returns are now +350% — nearly double that of Bitcoin’s — as it closed the week above $500 for the first time since July of 2018. November trading volumes are already higher than volumes…

Bitcoin USD daily basis Bitcoin USD chart analysis – New annual highs once again An impressive reporting week with strong upward pressure is behind us. The week was defined by ever higher daily closing prices until the end of the week. The lowest point was reached on Monday at $15.870 and the highest on Saturday at $19.010. This resulted in a substantial weekly increase of almost 20%. Only on Sunday did a correction set in, which was, however, used again in the course of the day for buying opportunities. But one after the other: We look back on a 6-day…

IBM wants to develop a blockchain platform to make textile supply chains more transparent and sustainable. The IT company is supported by the Federal Ministry for Economic Cooperation and Development (BMZ) in Germany. The project aims to create a blockchain solution for complete transparency and traceability of the fibers to the finished garment. According to a German press release, the IBM project in collaboration with KAYA&KATO is supported by the BMZ. KAYA&KATO is a company specializing in the production of workwear made of innovative fabrics. The products are made of organic cotton or consist of a polyester-cotton mixture, for which…

Ray Dalio, founder of hedge fund Bridgewater Associates, remains opposed to Bitcoin. He summarized his criticism again, but showed himself open to counterarguments. Despite his enthusiasm for gold he sees no future in the crypto currency. Billionaire Ray Dalio is the founder of the world’s largest hedge fund firm, Bridewater Associates, and for several years he was one of the 100 richest people in the world. Although the investor is not a fan of fiat money, he has already made negative comments about Bitcoin in 2017. At this year’s WEF he was also of the opinion that “cash is trash”,…

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…

Another application area for the use of Blockchain technology is the fashion industry. An online retailer has released a limited streetwear collection that is stored on the Blockchain. This allows customers to retrieve product-relevant information such as authenticity. According to a media release by Bitcoin Movement, the new streetwear fashion collection called “Take the Power Back” was created in collaboration with British artist Zuby and is unique in its features. Each individual garment is connected to the VeChain Blockchain is illustrated on. The VeChain Foundation has also confirmed this in an announcement. However, this is not the first time that…

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 broke $16k for the first time since January of 2018 in a momentous rise spurred (again) by an announcement from PayPal. Ethereum’s YTD returns at +245% is more than double that of Bitcoin’s +120% returns. Bitcoin trading volume undergoes more extreme surges and collapses than Ethereum’s, as shown using a 7-day moving average. Market depth held steady as…

Bitcoin USD daily basis Bitcoin USD chart analysis – New annual highs again Bitcoin, after consolidating in the USD 15,500 range, was able to make a renewed breakout into higher spheres and further extend its price increase of the previous week. On Monday, a second attempt to break through the USD 16,000 mark after the doji of November 16 failed. This was followed on Tuesday by a consolidation in tight trading ranges around the USD 15,300 mark. On Wednesday, a second attempt to break through the USD 16,000 mark was rejected. However, the daily closing price of USD 15,706 proved…

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. Brief summary of our weekly review: Tokenization, i.e. the representation of an asset on a blockchain, is gaining traction. For illiquid assets such as real estate, art or commodities, tokenization can open up completely new worlds. Through divisibility, global transferability and low transaction costs, private investors gain access to assets that were previously only available to institutional investors. Markets with historically low liquidity could…

China Construction Bank (CCB) is the first Chinese financial institution to issue a blockchain-based security. Through tokenization, the major bank wants to make investments in bonds more accessible to private investors. According to Forbes, the China Construction Bank (CCB) is the world’s second largest bank with a turnover of over 150 billion US dollars. According to the Wall Street Journal, the major bank announced this week that it will put USD 3 billion in bonds on the blockchain. The tokenization is intended to enable private investors from abroad to invest in their financial products. Advantages of digital bonds Traditionally, bonds…

Korean payment giant Danal Fintech joins Korea’s largest blockchain ecosystem and integrates its crypto currency into its payment app. The goal of the partnership is to bring virtual assets one step closer to everyday life. Danal Fintec is the blockchain subsidiary of Danal, one of the largest payment companies in Korea, which offers its partners integrated payment solutions, from credit and debit cards to mobile billing and more. Danal Fintech, on the other hand, focuses on Blockchain-based payment solutions and in 2019 launched the App Paycoin, one of the first global applications for using virtual currencies in mass payments. The…

A blockchain based fantasy soccer game has won over another famous European club. The German record-holder FC Bayern Munich has entered into a partnership with the company, and enters the world of blockchain soccer cards. The blockchain platform Sorare has the vision to combine soccer cards with the blockchain technology. Since its launch in May 2020, the platform has seen steady growth in terms of trading volume, reaching peaks of USD 230,000 per week (see chart below). Sorare acquires the rights to the images of the players from the football clubs and sells the “blockchain card” via “non-fungible tokens (NFTs)”…

Technical analysis is the observation of historical price movements of a value. These results are used to identify historical patterns and to discuss possible future forecasts. Technical analysis (TA) is a frequently used instrument in trading with various assets. This tool is particularly popular in the trading of crypto-currencies, as pricing is based solely on supply and demand of market participants. As different as the approaches used to analyze a price trend may be, there are a few common denominators. Principles The only decision basis of technical analysis is the price trend of a value. This reflects seamlessly the historical…