Author: Editorial Office CVJ.CH

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. Last week, IMF Managing Director Kristalina Georgieva gave a speech entitled “A New Bretton Woods Moment”. Georgieva stated that governments need to work together to revive the global economy after suffering badly from the pandemic. She cites the Bretton Woods System of 1944, which was a historic change in the world economic system. Shortly after the Second World War, centralized rules for currency management…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! After a relatively active trading session yesterday, it is time now for some on-chain snooping and a derivatives market check. I am trying to get a feel for how sustainable this upmove actually is. Let’s start with spot order books (heatmaps) and derivatives stats: Most spot order books have lightened up substantially The Asian exchanges (Binance, OKEx, and Huobi) switched from being large sellers to buyers Europe’s Bitstamp and Kraken both have…

The International Monetary Fund (IMF) is calling for a new “Bretton Woods Moment” that could significantly change the global economy. Kristalina Georgiewa, Director of the IMF, speaks of powerful measures that could make hard money like Bitcoin increasingly attractive. Last week, the International Monetary Fund (IMF), published a speech by the IMF’s Managing Director in Washington, DC (Kristalina Georgiewa) entitled “A New Bretton Woods Moment”. The chairwoman’s seemingly well-meant formulations also attracted critics. “Cohesion due to the Corona Pandemic” Kristalina Georgiewa says that governments must work together to revive the global economy after it was hit hard by the pandemic…

The private bank Maerki Baumann & Co. AG and the transaction bank InCore Bank AG are among the pioneers of a new banking era. An interview with CEOs Dr. Stephan A. Zwahlen and Mark Dambacher about the fusion of the old and new financial world. This past spring, they received authorization from the Swiss Financial Market Supervisory Authority (FINMA) for brokerage, custody, transfer and generation of digital assets. Read the following interview to find out what this new sector is all about, why it is so important and what the CEOs of both companies expect to achieve. CVJ.CH: As a…

From now on, guests of the Zurich Dolder Grand Hotel can buy and sell crypto-currencies on site – very conveniently – at the crypto ATM. For some time now, guests have been able to pay for overnight stays, food, drinks and spa treatments with Bitcoin at the Dolder Grand. It was the Dolder Grand’s wish to supplement this offer with a crypto-ATM. In cooperation with Värdex Crypto currencies can be bought and sold at the now installed crypto-ATM. The most common currencies including Bitcoin, Ethereum, Litecoin and Bitcoin Cash can now be exchanged for Swiss francs and euros. Värdex, as…

OKEx, one of the largest crypto exchanges in the industry, has stopped all crypto currency withdrawals for the time being. The reason lies in the founder Star Xu’s current cooperation with a public security authority. There has been a slight market reaction to the news. On Friday, the Bitcoin exchange OKEx announced that for now, no more withdrawals are possible via the exchange. The reason for this was that at the moment, there is no possible contact with the founder Star Xu (one of the key holders). He is currently cooperating with a public security authority. Without the contact with…

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 traded above $11k for the 10th day in a row as a new round of traditional financial institutions signaled an interest in the cryptoasset.  Filecoin had an extremely volatile first few days of trading, falling from a peak above $90 to just $31 as of Monday morning. 20-day volatility for both traditional financial assets and cryptocurrencies has remained…

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 beginnings of a broader distribution of digital central bank money (CBDC) are now being made in China. To promote the digital yuan, the Chinese city of Shenzhen will give 10 million yuan ($1.5 million) as a public promotional gift to its 50,000 inhabitants. The project is supported by the People’s Bank of China. The project is part of the digital yuan pilot program…

With over $1 billion in new investments, the world’s largest digital asset manager, Grayscale Investments, has seen the largest quarterly inflow of new investments ever. This is the third record quarter in a row. According to its recently released quarterly report, the New York-based investment firm now manages nearly $6 billion in digital assets. These assets are spread across its ten investment products, designed to provide institutional investors with access to the crypto-market. Bitcoin remains the most popular currency The Grayscale Bitcoin Trust still accounts for approximately 70% of all investments, which is approximately $720 million this quarter. Inflows into…

US asset manager Stone Ridge Asset Management has announced that they have acquired 10,000 Bitcoin worth $115 million. According to the company, the subsidiary that holds its Bitcoins now manages over $1 billion in digital assets. The New York Digital Investment Group (NYDIG) was founded three years ago as a subsidiary of the USD 10 billion asset manager Stone Ridge Asset Management (SRHG). The spin-off focuses on offering digital assets and their custody for institutional investors. Yesterday, Forbes reported that NYDIG announced that they have received an additional $50 million in growth capital. At the same time, parent company Stone…

To promote the digital Yuan, the Chinese city of Shenzhen will give away 10 million Yuan ($1.5 million) to residents as a public promotional gift. Recipients will be able to use their digital Yuan in 3,389 stores starting next week. The Chinese city of Shenzhen has decided to give away a total of 10 million Yuan ($1.5 million) in the digital currency of the Chinese central bank (CBDC) to 50,000 residents. This is part of the digital Yuan pilot program that is being implemented in several major cities in China, including Shenzhen, Guangzhou, Hong Kong and Macau. The city’s goal…

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 cryptomarkets: Bitcoin had its best week since July, gaining 6.54% and closing the week at $11,376 following news of Square’s $50 million purchase of BTC.  Coinbase continues to dominate BTC-USD trading volumes, one of the most important trading pairs for institutional investors.  Ethereum 20-day volatility fell below 100% for the first time since August but is still nearly double that of…

Bitcoin/USD daily basis Bitcoin USD – From now on claim above 10’000 USD At the beginning of the reporting week, a floor at around USD 10,500 was created. As a result; Bitcoin was able to reach USD 10,800 on Monday; and closed near the daily high. On Tuesday, levies led to a renewed test of the previously formed floor at USD 10,500. By the middle of the week, the floor formation manifested itself. On Thursday, this foundation was followed by a major rally to just under USD 11,000. On Friday, prices remained around the new mark, which gave the price…

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 European Central Bank (ECB) is continuing to press ahead with efforts to create a digital version of the euro. A working group recently published a comprehensive report on the possible introduction of a digital euro. The report weighs up the advantages and risks of a digital central bank currency (CBDC). The President of the European Central Bank, Christine Lagarde, in particular, has repeatedly…

The blockchain platform Sorare is trying to combine football cards with the blockchain technology and hopes to create a product from which many people can benefit. They are backed by a couple of prominent investors. Most people are familiar with the soccer trading cards or have had them in the past. Nicolas Julia and Adrien Montfort want to digitize and expand these cards. In an interview with Krypto-Magazin, Nicolas Julia talks about the project’s beginnings, how he came to this topic, and how it has evolved. The Project Sorare Nicolas Julia was Vice President of Operations at the French blockchain…

Sector Analysis September 2020 September was not a positive month for any of the three FTX indices (ALT/MID/SHIT). The worst performing index was the Shit Index with a negative performance of minus 24.4%. The Mid Index performed similarly with minus 23.3%, and the ALT Index closed with a minus of 17.5%. Most of the positive gains of August were nearly wiped out entirely. As you may remember, the performance of the Shit Index was very strong in August (+ 47%). Almost all ALT constituents (9 coins) performed negatively; only BNB stood out of the crowd with a positive performance of…