Author: Editorial Office CVJ.CH

What happened this week in the world of blockchain and cryptocurrencies? Current events and background reports in the weekly review.

The Swiss Web3 tech company OnchainLabs raised CHF 5 million in a seed round led by prominent German investors from the IT consultancy space.

The U.S. Securities and Exchange Commission (SEC) has sued the cryptocurrency company NovaTech and its founders for alleged fraud.

According to the Swiss Blockchain Federation, the new FINMA regulations make it impossible to issue competitive stablecoins in Switzerland.

BRICS countries develop an alternative payment infrastructure to the SWIFT system, strengthen ing their economic independence.

What happened this week in the world of blockchain and cryptocurrencies? Current events and background reports in the weekly review.

The emerging turmoil in the stock market also affected the crypto markets. Strong corrections in bitcoin and especially in the altcoin sector peaked mainly over the weekend. A struggling Japanese stock market, weak ISM data and US unemployment figures, combined with disappointing quarterly results from Intel and Amazon, caused the stock markets to crash at the end of the week. The 10-year Treasury yield fell about 40 basis points this week, reflecting the growing consensus for a first rate cut at the Fed’s September meeting. The weak start to the week again indicates that many market participants fear that the…

What happened this week in the world of blockchain and cryptocurrencies? Current events and background reports in the weekly review.

Six months after the overwhelming launch of spot bitcoin ETFs, similar products for Ethereum (ETH) have received the green light from the SEC. However, like the bitcoin products, outflows from the grayscale trusts are weighing heavily on the cryptocurrency’s price. Since November 2023, BlackRock, Fidelity and other fund providers have been in a race to offer the first spot-based Ethereum ETF. In May, the SEC initiated the first steps for their approval, and two months later, the products were launched. But without any positive surprises. The billion-dollar outflows from the Grayscale Trust had a major impact on the launch -…

In a regulatory notice, the Swiss Financial Market Supervisory Authority (FINMA) presents strict regulations for stablecoins in Switzerland.

To crown his nearly hour-long speech in Nashville, Trump announced a strategic Bitcoin reserve for the United States.

What happened this week in the world of blockchain and cryptocurrencies? Current events and background reports in the weekly review.

The insolvent crypto exchange Mt. Gox has paid out more than half of the first tranche of $9.4 billion in Bitcoin to former customers. No effect on the Bitcoin price was observed.

After five years of development, Sygnum announced that it reached profitability in the first half of the year. Now, the bank is focusing on international expansion.

A subsidiary of the automotive giant Toyota – Toyota Blockchain Lab – is exploring blockchain applications in the mobility sector.

Half a year after the SEC approved the first spot-based Bitcoin ETFs, products for Ethereum (ETH) are now launching.