Author: Editorial Office CVJ.CH

The Zug-based crypto and blockchain investment company CV VC is once again bringing a well-known personality on board. This time it is the former German politician Philipp Rösler. This is not the first reputable person, who was brought on the board of directors by CV VC. Philipp Rösler – former Minister of Economics of Germany, Managing Director of the World Economic Forum (WEF), and Head of the Chinese HNA Group – will chair the Advisory Board of CV VC in the future. Rösler is not the only former top politician who is working with CV VC. The board of directors…

Bitcoin/USD daily basis Bitcoin USD – Price dump brings Bitcoin back to around 10’000 USD After a significant decline in the previous week, the reporting week was characterized by consolidation at the new level of USD 10,000. For the most part, this took place above the USD 10,000 mark. At the beginning of the week, the strength of the market was tested below the 10,000 mark. The Bitcoin price reached its lowest point just below USD 9,000, with the main trading activity taking place above the USD 10,000 zone. The second half of the week was characterized by slightly rising…

The Swiss Blockchain Federation is pleased about the Council of States’ unanimous vote on the Blockchain legislation. This gives Switzerland one of the most innovation-friendly blockchain regulations in the world. Besides, the Swiss Blockchain Federation will start on this innovation in 2021. The Council of States today approved the Blockchain legislation without opposing votes. With this clear and positive decision – the National Council had previously approved it in June – it is now clear that Switzerland will have one of the most innovation-friendly legal bases for decentralized applications and business models. The changes to the law should come into…

Last week the event series “Crypto-Lunch” of our partner 10×10 took place. In this event series, which deals with different areas of the crypto world, experts took a closer look at the latest crypto developments. The speakers offered an interesting contribution, as well as informative explanations about current events in the field of crypto-currencies. A special aspect was the way the event took place. Participants could decide whether they wanted to attend the crypto lunch physically in person or via Zoom. The theme of the event was: Crypto-Assets – the asset of the future? More than a speculative object Rino…

One of the biggest food delivery services, Just Eat, now accepts bitcoin as a means of payment in France. This includes more than 15,000 restaurants and was made possible through a partnership with Bitpay. At the start of this year, the delivery services Just Eat and Takeaway.com merged, and it was time for rebranding. Together with a complete redesign, the new Just Eat France website expanded the amount of accepted payment systems, as reported by Decrypt. This includes Bitcoin and its “little brother” Bitcoin Cash. Partnership with Bitpay The whole thing was made possible thanks to the US payment service…

Roberto Campos Neto, the President of the Central Bank of Brazil, shared the plans regarding a central bank digital currency (CBDC). He suggested the year 2022 as a possible starting point. The Banco Central do Brasil is not the only central bank currently looking into digital currencies. At the moment, 80% of central banks worldwide research possibilities to implement their own CBDCs, and 40% have already started pilot projects, whose aim is to further investigate a central bank digital currency. An excellent example of this is the Chinese government, who wants to issue its digital Yuan before the Olympic Games…

A new nonprofit organization wants to protect the citizens of Belarus. The BYSOL organization focuses on people who’ve suffered during protests against the Lukashenko regime. Mass demonstrations mainly directed against the policies and presidency of Alexander Lukashenko have been going on for almost a month now. The presidential election on August 9, which internationally people assumed was manipulated, triggered the protests. The regime reacted to those protests in the country with mass arrests, police violence, internet blackout, and a call for help from Vladimir Putin. Despite numerous arrests and violence in prisons, people continue to gather in protests. Besides citizens,…

Bitcoin/USD daily basis Bitcoin USD daily basis – a drop returns bitcoin to USD10,000 The reported week featured a massive price drop by the middle of the week that nullified the previous week’s uptrend. Monday and Tuesday were similar to the last trading days, with higher values for each day’s lows and highs. Then, the price stabilized at USD 11,500 and shortly crossed the mark of USD 12,000. On Wednesday, a considerable drop returned bitcoin to the first support of USD 11,000. On Thursday, this support was broken and followed by a further powerful correction to above USD 10,000. 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. We start with a groundbreaking step for the crypto-adaptation in Zug: As more and more companies accept digital currencies, the Canton of Zug, as a state institution, will follow suit and allow Bitcoin and Ethereum for tax payments. This is not the only decision an institution has made this week. Another progressive decision was made by the health insurance company Atupri this week. From…

The Canton of Zug has always been a pioneer in the blockchain area and is in the heart of the Crypto Valley for a reason. Starting in 2021, Zug will be the first Swiss canton to offer the possibility of paying taxes with crypto currencies. An important step for the adoption of crypto-currencies as a means of payment: As more and more companies accept digital currencies, the canton of Zug, as a state institution, is following suit and allowing Bitcoin and Ether for tax payments. Tax payments with Bitcoin and Ether up to 100,000 CHF According to the cantonal press…

The health insurance company Atupri makes it possible for customers to pay their bills with Bitcoin and Ether. The health and accident insurance thereby takes a pioneering role regarding the payment possibilities with crypto-currencies. As the first Swiss health insurance company, Atrupi now also accepts Bitcoin and Ether. Caroline Meli, member of the Atrupi management board, justifies this decision by explaining that the health insurance company wants to “strengthen its position as an innovative provider of digital solutions in the health sector”. The option of paying bills in crypto-currencies such as Bitcoin or Ether will be offered as of August…

Sector Analysis August 2020 Index Performance All FTX indices (ALT/MID/SHIT) recorded a positive performance in August; the Shit Index in particular outperformed the others by far: ALT Index (+16%), MID Index (+19%), and SHIT INDEX (+47%). The performance of Bitcoin (BTC$) during the same period was mildly positive (+2.5%). Most of the performance driving coins have a connection to the decentralised finance ecosystem. We will elaborate a bit more on this when we dive into the different sectors and highlight some of the high performing coins. Not all ALT constituents (nine coins) performed positively. The picture looks very mixed: BSV…

Technological innovations are now virtually the order of the day, and digitalization is not even stopping at our means of payment. Cryptocurrencies on the rise An incredible 6,510 crypto currencies with a total market capitalization of 309 billion EUR are currently in use around the globe according to CoinMarketCap. By far the most popular cyber currency is Bitcoin (BTC), developed by Satoshi Nakamoto in 2008. A total of 183 billion EUR is currently accounted for by the most important digital coin, representing 59% of the total volume of crypto currencies. That this success shouldn’t be taken for granted, is shown…

VeChain – the public Blockchain platform – has decided to develop an automotive security platform in cooperation with the German car manufacturer BMW to make vehicle data more forgery-proof. The already existing partnership between automotive giant BMW and VeChain reaches a new high. After the successful completion of the BMW program, known as Start-up Garage, VeChain seems to continue its partnership with the automotive giant, the entrepreneur magazine Fuchsbriefe reported. An app based on the Blockchain technology The new app, VerifyCar, will be a decentralized application built on the VeChain Blockchain. Once the new car security platform is installed, VeChain…

Bitcoin USD daily basis Bitcoin USD – consolidation above 11’000 USD The reporting week was characterized by a downward trend. The beginning of the week was quiet on Monday, with a narrow trading range above the USD 11,500 mark. Tuesday was then characterized by stronger selling pressure, which pushed the price close to the USD 11,000 zone at the low for the day. The next three trading days averaged around 11’400 USD, with a range of a good 300 USD. The price never fell below the 11,000 USD zone. On the weekend, a more friendly trend was already developing again,…

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. We will begin with a groundbreaking step for crypto-adoption in Hong Kong: the Hong Kong Financial Services Regulatory Authority (SFC) gave Asia’s leading digital asset platform the green light to operate crypto-related businesses. Bitcoin could be facing another bull run. The largest asset manager for digital assets, Grayscale Investments, published a study on Bitcoin, in which the current situation of the crypto currency is…