Author: Editorial Office CVJ.CH

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…

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…