Author: Editorial Office CVJ.CH

The world is deep in the swamp of debt. This was the consensus before the pandemic broke out. The increased awareness of the global debt mountain which has resulted due to the consequences of Corona only intensifies the long-standing problems of our financial structure. One does not need to be a macroeconomist to understand the current circumstances of our global economy. A brief look at the USA gives some useful impressions: Between 2009 and 2019, the debt-to-GDP ratio in the US rose from 83% to 106% (23% increase in a decade. By 30 September 2020, the debt-to-GDP ratio will reach…

There was no stopping this week. The Bitcoin price soared to the USD 16,000 mark, strengthening the crypto currency’s title of “Best performing Asset 2020”. How can the sharp rise in price be explained, and what does the future hold? Thanks to this week’s price rally, Bitcoin is once again making it onto the front pages of traditional media. In fact, with an annual performance of 108%, the crypto currency left all asset classes behind. Even the annual winners such as gold (+27%), silver (+39%) and the Nasdaq Index (+38%) were unable to keep up. Even when adjusted for risk,…

Bitcoin USD daily basis Bitcoin USD – Breakthrough through 12’000 leads to new annual highs We look back on an impressive reporting week. After consolidating in the USD 13,500 range, Bitcoin was able to break out into higher spheres again, and further extend its price increase that started in the previous week. While Monday saw a consolidation below the USD 14,000 mark, this was followed by renewed upward pressure on Tuesday, which has, since October 21, been seen on several occasions. For the first time since January 2018, this pushed the Bitcoin price above USD 14,000 at the end of…

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. In addition to the increasing digitization in payment and investment matters, the development of digital central bank currencies (CBDCs) is also accelerating. This week, the ECB and the Australian Central Bank drew attention to themselves with development reports of their own digital currency. Earlier this year, the BIS published a survey showing the work being carried out by the central banks on CBDCs. The…

More and more central banks are dealing with digital central bank currencies (CBDC) and the digitization of fiat currencies. The Central Bank of Australia (RBA) is also addressing this issue, and is investigating the implications and effects of a CBDC. Several central banks are currently seeking to introduce digital counterparts (CBDCs) of their existing FIAT currencies. In a study conducted In January, the Bank for International Settlements (BIS) found that 80% of the 66 central banks surveyed are actively addressing the issue. As stated in an official press release of the RBA, the Australian Central Bank will now also participate…

Can you imagine receiving your wages in the form of Bitcoin or other crypto currencies? For many, this would be unimaginable, but a Japanese company from the eSports industry has now realized this idea. SBI e-Sports is a subsidiary of the Japanese company SBI Holdings, which was founded in 1999, and is now the largest financial services company in Japan. However, SBI e-Sports has far from being a financial services company, and instead it carries out various activities in the eSports sector. Some examples: Management of a professional eSports team Management of eSport media Consulting in relation to eSports What…

How did the different sectors in the crypto market develop and which coins stand out in each sector? The detailed sector analysis on a monthly basis. Sector Analysis October 2020 Over the past few months, both the under- and overperforming sectors have been swinging back and forth. SoV and Privacy showed some nice performance relative to the index versus Others, File Storage, and Exchange. Overall, the index versus bitcoin is underperforming greatly. Altcoins are being crushed versus bitcoin. Over the coming months, we will keep a close eye on the Exchange sector. Due to tightening regulations (especially in Asia), we…

Christine Lagarde, President of the European Central Bank (ECB), has mentioned the possibility of a digital euro. The ECB is seriously considering a digital central bank currency (CBDC), and has now launched a public survey on the subject. Yesterday, Christine Lagarde, former director of the International Monetary Fund (IMF) and current president of the European Central Bank (ECB), commented on the digital euro in a tweet. The CBDC project is still in its early stages and a public survey is now being launched. An official report on the project, which we have summarized here, was published a month ago. Payments…

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 closed the month up 27.9%, reaching multi-year highs and solidifying its position as the year’s best performing asset despite experiencing a slight pullback Monday morning.  All 8 of the top ranked DeFi tokens by marketcap ended the month down double digits.  Ethereum trading volume fell 45% in October while Bitcoin trading volumes rose 12%, indicating a decoupling in…

Bitcoin USD daily basis Bitcoin USD – Breakthrough through 12’000 leads to new annual highs In the reporting week, Bitcoin was able to further expand its outbreak, which had occurred in the previous week. Trading activity at the beginning of the week took place with a consolidation in the USD 13,000 range. With tight trading margins, and little selling pressure on Sunday and Monday, a basis was laid for a further rise in the price. This was already established on Tuesday with a move up to USD 13,800. In the middle of the week, a correction was made, and 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. The traditional financial world is increasingly merging with the new decentralized blockchain world. This week one could observe this happening impressively on several occasions. On the one hand, individual banks are pushing further into the new fields. The largest US bank, JP Morgan, started early to explore the possibilities of the blockchain. Since the founding of the Enterprise Ethereum Alliance (EEA) in 2017, the…

The DBS (Development Bank of Singapore) is Singapore’s largest private and commercial bank. The bank believes that digital assets are the future of the global economy. As a result, they are planning to launch the DBS Digital Exchange platform. DBS was founded on July 16, 1968 by the Singapore government, and today has more than 100 branches across the island. In terms of its total assets, DBS is the largest bank in South-East Asia, and is one of the largest banks in the entire Asian region. Now, they are moving into the crypto-currency space with their Digital Exchange platform, offering…

This week, JP Morgan Chase’s digital currency, the JPM Coin, will be used for international payments for the first time by a large company. The JP Morgan subsidiary Onyx has now been founded for JPM Coin and their other blockchain projects. Over a year ago, the largest US bank, JP Morgan Chase, began developing its own digital currency. According to CNBC, this week, JPM Coin will be used by a major company for the first time, which has prompted the big bank to set up a new subsidiary for its blockchain projects. JP Morgan’s Interbank Network The JP Morgan subsidiary…

One week before the US election, President Donald Trump’s campaign website has been hacked. The so far unknown hackers have reworked the site, and have demanded a deposit of the crypto currency Monero. According to a Forbes article, Donald Trump’s election campaign website was hacked while the U.S. president was on a voter hunt in the swing state of Michigan. As soon as you clicked on the Events category on the website, you were taken to a page where you could see the following statement: “This page has been seized. The world has had enough of the fake news spread…

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. A weekly report in cooperation with market data provider Kaiko. This week in the cryptomarkets: Bitcoin surged past $12k to 2020 highs following news of PayPal’s entrance into cryptocurrency markets. BTC-USD trading volume soared to their highest daily levels since July, topping $1 billion on October 21st. ChainLink’s YTD returns are currently at +580% as centralized exchanges continue to list the LINK token in droves. Market depth decreased and spreads widened for BTC-USD trading…

Yesterday, the Finanz und Wirtschaft Forum took place on the topic of blockchain in financial services. A wide range of topics were covered, from CBDCs to crypto currencies and their regulation, and the tokenization of things like real estate. Below are insights straight from the Forum: The event took place at the Gottlieb Duttweiler Institute, and was held as part of the Finanz und Wirtschaft Forum. Under the topic “Blockchain in Financial Services 2020”, speakers from various parts of the financial sector addressed important questions. Sébastien Kraenzlin explained the view of the Swiss National Bank (SNB) on digital central bank…