Author: Editorial Office CVJ.CH

Yield farming generally refers to the provision of liquidity for various protocols in the DeFi space that pay out money to providers in return.

The product range with analysis functions, which is based on crypto-asset data and infrastructure products, is intended to enable financial services companies to offer crypto-asset functions and services in institutional quality. The nature of the block-chain technology that drives crypto-assets such as Bitcoin and Central Bank Digital Currencies (CBDC) is fundamentally different from the traditional information systems that underlie the existing financial market infrastructure. With the new product called Chain Fusion, the auditor aims to provide solutions for companies to the increasing pressure from investor demand and technological innovation. In a press release the company states: The year 2020 has…

The Italian Banking Association (ABI), which has more than 700 banking institutions as members, wants to further promote the introduction of a digital currency in the form of a Euro CBDC. In a position paper, the association points out the advantages of a digital currency. By participating in various projects and a separate working group, which explicitly deals with digital and cryptographic currencies, the development is to be accelerated even further. For example, the ABI states that Italian banks are already working with distributed ledger technology and refers to the Spunta project. The project, which is also an initiative of…

According to reports, the Fintech giant PayPal, through its mobile payment subsidiary Venmo, is planning to sell crypto-currencies directly to its 325 million users. Digital payment giant PayPal plans to offer direct purchases of Bitcoin and other crypto-currencies to more than 300 million users worldwide through its subsidiary, according to a report by Coindesk. Venmo became part of the PayPal company through an acquisition in 2013. By the end of 2019, the payment service had 52 million registered users. Direct buying and selling of crypto-currencies According to the persons quoted in the article who are familiar with the matter, “in…

A survey conducted by Deloitte as part of the Global Blockchain Survey 2020 attests to the increasing relevance of emerging technology in companies. The survey was aimed at gaining a better insight into the general perception of and investment in blockchain technology. The authors of the study concluded that progress has been made in the past year in the introduction and implementation of real blockchain-enabled solutions in a wide range of companies and sectors. Attitudes towards blockchain have obviously and measurably changed as managers and business leaders implement block-chain-enabled solutions, whether through the use of digital assets in particular or through…

The large chamber is in favour of several legislative changes that improve the framework conditions for blockchain and distributed ledger technology (DLT). In doing so, the National Council followed a recommendation of the Federal Council last November. Aims of the legislative amendments This week the Council of States gave the green light for the creation of a new category of licence for the commercial operation of DLT infrastructure providers. The aim is to be able to prevent “snowball systems, empty promises and the sale of non-existent crypto-currencies”. The Council has also mandated legislation for the trading of rights through tamper-resistant…

Bitcoin/USD daily basis Bitcoin USD – Another week with narrow bandwidths As in the previous week, the reporting week was characterised by low daily trading margins. For most of the time, the price moved in a range between USD 9,100 and USD 9,500. A short break below the USD 9,000 mark was made on Monday. This found its daily low at USD 8,900, but the daily closing price was again at the now familiar trading zone just below USD 9,500. From Tuesday onwards, trading began in very narrow ranges in the USD 9,300 – USD 9,500 range, which lasted until…

In a 32-page document entitled “Central Bank Digital Currency”, the Federal Reserve Bank of Philadelphia examined the future of the monetary system in connection with digital central bank currencies (CBDCs). The Federal Reserve Bank of Philadelphia concludes in the paper that the introduction of digital currencies could lead to a fundamental change in the architecture of the financial system. Federal Reserve Bank of Philadelphia sees central banks as deposit monopolists The institution sees a risk that so-called “deposit monopolists” could emerge. Among other things, the study has examined the effects that may arise if consumers terminate their current accounts with…

Bitcoin Association Switzerland is a non-profit organization of enthusiasts that regularly organizes free and open events related to Bitcoin. Founded in 2013, it is Switzerland’s oldest fintech-related association. Its meetup group has more than 7500 members. Dear Financial Stability Board Thank you for the opportunity to provide our opinion on your reaction and attitude towards stablecoins. In the following letter, we will outline our main concerns concerning the regulation of stablecoins. We are afraid that focusing on the posed questions would detract from the issues at hand. We feel that the issue is the political response and intolerance towards stablecoins.…

Cosmos is an interoperable blockchain protocol that facilitates the transfer of data between different blockchains. The ATOM token serves as the currency of the Cosmos blockchain, allowing users to secure the network through staking and participate in governance activities.

The largest US bank, JPMorgan Chase, has shown in a recent analysis that Bitcoin will demonstrate a significant growth and maturity process in 2020. The authors of the study attested the crypto-currency a longevity as an asset class. The report of the American financial institution states that the digital currency Bitcoin was able to emerge relatively unscathed despite all the price slumps. In particular, it mentions the crisis of March 2020, when Bitcoin lost a large part of its original value within a few days. The responsible strategists at JPMorgan Chase, namely Joshua Younger and Nikolaos Panigirtzoglou, believe that this…

Founded in 2007, InCore Bank is a one-stop business-to-business transaction bank that provides transaction and outsourcing services to banks, securities dealers, asset managers and fintech companies. Rudy Suter explains exactly what this means. As a Swiss company with a banking and securities dealer license, InCore Bank offers a comprehensive and modular range of services. This includes transaction banking for traditional and digital assets, business process outsourcing (middle and back office activities), outsourcing of banking IT solutions, compliance and other services. CVJ: What does the InCore Bank actually do? Rudy Suter: Founded in 2007, InCore Bank is a one-stop business-to-business transaction…

Former Swiss President Johann Schneider-Ammann has become a member of the Board of Directors of Crypto Valley Venture Capital CV VC. One and a half years after his resignation as Minister of Economics, he is now actively involved in the Zug-based start-up, which invests in blockchain projects. Schneider-Ammann was already fascinated by new technologies during his term of office. His engagement with CV VC is his first, and to date, his only business mandate outside the Ammann Group. He joins Anna-Catherine Berner, an entrepreneur and former Finnish government minister who is also a new member of CV VC’s Board of…

The ETC Group intends to bring the first crypto-currency Exchange Traded Product (ETP) to the Xetra platform via the white label platform HANetf. The Bitcoin Exchange Traded Product (ETP) with the symbol (BTCE) is scheduled to be launched on Xetra later this month, after it has been approved by the German Financial Supervisory Authority BaFin. Physically backed with Bitcoins, BTCE participates in the price of Bitcoin and has a total expense ratio (TER) of 2%. Trading Bitcoin via an ETP structure eliminates the technical challenges associated with the crypto-currency, such as setting up a wallet or trading on unregulated exchanges.…

Grayscale Investments is experiencing increasing interest from hedge funds and other institutional investors in its crypto-currency trusts. The investment firm has bought 390 million in Bitcoin in 2020, representing 0.2 percent of market capitalization. Sharif-Askary, Managing Director at Grayscale Investments, visited the Podcast Coinscrum markets.. One of the topics discussed was the increasing volumes of Grayscale Trusts. “This was a record year – a record quarter for us. We have never seen such demand for our products before,” Sharif-Askary said in the interview. Reasons for the increasing demand According to host Nisa Amolis, Grayscale managed $3.8 billion in assets in…

Bitcoin/USD daily basis Bitcoin USD – The situation is coming to a head The reporting week was characterized by low daily trading margins. For most of the time, the share price moved in a range between USD 9,300 and USD 9,700. Only on Thursday was there higher volatility. When Bitcoin briefly crossed the USD 10,000 mark again for a short time the previous day, a correction followed which took the price to just under USD 9,000. At the end of the day and on the following days, however, the price was again above USD 9,000, with an average of around…