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. 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…

Korean payment giant Danal Fintech joins Korea’s largest blockchain ecosystem and integrates its crypto currency into its payment app. The goal of the partnership is to bring virtual assets one step closer to everyday life. Danal Fintec is the blockchain subsidiary of Danal, one of the largest payment companies in Korea, which offers its partners integrated payment solutions, from credit and debit cards to mobile billing and more. Danal Fintech, on the other hand, focuses on Blockchain-based payment solutions and in 2019 launched the App Paycoin, one of the first global applications for using virtual currencies in mass payments. The…

A blockchain based fantasy soccer game has won over another famous European club. The German record-holder FC Bayern Munich has entered into a partnership with the company, and enters the world of blockchain soccer cards. The blockchain platform Sorare has the vision to combine soccer cards with the blockchain technology. Since its launch in May 2020, the platform has seen steady growth in terms of trading volume, reaching peaks of USD 230,000 per week (see chart below). Sorare acquires the rights to the images of the players from the football clubs and sells the “blockchain card” via “non-fungible tokens (NFTs)”…

Technical analysis is the observation of historical price movements of a value. These results are used to identify historical patterns and to discuss possible future forecasts. Technical analysis (TA) is a frequently used instrument in trading with various assets. This tool is particularly popular in the trading of crypto-currencies, as pricing is based solely on supply and demand of market participants. As different as the approaches used to analyze a price trend may be, there are a few common denominators. Principles The only decision basis of technical analysis is the price trend of a value. This reflects seamlessly the historical…

The world is deep in the swamp of debt. This was the consensus before the pandemic broke out. The increased awareness of the global debt mountain which has resulted due to the consequences of Corona only intensifies the long-standing problems of our financial structure. One does not need to be a macroeconomist to understand the current circumstances of our global economy. A brief look at the USA gives some useful impressions: Between 2009 and 2019, the debt-to-GDP ratio in the US rose from 83% to 106% (23% increase in a decade. By 30 September 2020, the debt-to-GDP ratio will reach…

There was no stopping this week. The Bitcoin price soared to the USD 16,000 mark, strengthening the crypto currency’s title of “Best performing Asset 2020”. How can the sharp rise in price be explained, and what does the future hold? Thanks to this week’s price rally, Bitcoin is once again making it onto the front pages of traditional media. In fact, with an annual performance of 108%, the crypto currency left all asset classes behind. Even the annual winners such as gold (+27%), silver (+39%) and the Nasdaq Index (+38%) were unable to keep up. Even when adjusted for risk,…

Bitcoin USD daily basis Bitcoin USD – Breakthrough through 12’000 leads to new annual highs We look back on an impressive reporting week. After consolidating in the USD 13,500 range, Bitcoin was able to break out into higher spheres again, and further extend its price increase that started in the previous week. While Monday saw a consolidation below the USD 14,000 mark, this was followed by renewed upward pressure on Tuesday, which has, since October 21, been seen on several occasions. For the first time since January 2018, this pushed the Bitcoin price above USD 14,000 at the end of…

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. In addition to the increasing digitization in payment and investment matters, the development of digital central bank currencies (CBDCs) is also accelerating. This week, the ECB and the Australian Central Bank drew attention to themselves with development reports of their own digital currency. Earlier this year, the BIS published a survey showing the work being carried out by the central banks on CBDCs. The…

More and more central banks are dealing with digital central bank currencies (CBDC) and the digitization of fiat currencies. The Central Bank of Australia (RBA) is also addressing this issue, and is investigating the implications and effects of a CBDC. Several central banks are currently seeking to introduce digital counterparts (CBDCs) of their existing FIAT currencies. In a study conducted In January, the Bank for International Settlements (BIS) found that 80% of the 66 central banks surveyed are actively addressing the issue. As stated in an official press release of the RBA, the Australian Central Bank will now also participate…

Can you imagine receiving your wages in the form of Bitcoin or other crypto currencies? For many, this would be unimaginable, but a Japanese company from the eSports industry has now realized this idea. SBI e-Sports is a subsidiary of the Japanese company SBI Holdings, which was founded in 1999, and is now the largest financial services company in Japan. However, SBI e-Sports has far from being a financial services company, and instead it carries out various activities in the eSports sector. Some examples: Management of a professional eSports team Management of eSport media Consulting in relation to eSports What…

How did the different sectors in the crypto market develop and which coins stand out in each sector? The detailed sector analysis on a monthly basis. Sector Analysis October 2020 Over the past few months, both the under- and overperforming sectors have been swinging back and forth. SoV and Privacy showed some nice performance relative to the index versus Others, File Storage, and Exchange. Overall, the index versus bitcoin is underperforming greatly. Altcoins are being crushed versus bitcoin. Over the coming months, we will keep a close eye on the Exchange sector. Due to tightening regulations (especially in Asia), we…

Christine Lagarde, President of the European Central Bank (ECB), has mentioned the possibility of a digital euro. The ECB is seriously considering a digital central bank currency (CBDC), and has now launched a public survey on the subject. Yesterday, Christine Lagarde, former director of the International Monetary Fund (IMF) and current president of the European Central Bank (ECB), commented on the digital euro in a tweet. The CBDC project is still in its early stages and a public survey is now being launched. An official report on the project, which we have summarized here, was published a month ago. Payments…

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 closed the month up 27.9%, reaching multi-year highs and solidifying its position as the year’s best performing asset despite experiencing a slight pullback Monday morning.  All 8 of the top ranked DeFi tokens by marketcap ended the month down double digits.  Ethereum trading volume fell 45% in October while Bitcoin trading volumes rose 12%, indicating a decoupling in…

Bitcoin USD daily basis Bitcoin USD – Breakthrough through 12’000 leads to new annual highs In the reporting week, Bitcoin was able to further expand its outbreak, which had occurred in the previous week. Trading activity at the beginning of the week took place with a consolidation in the USD 13,000 range. With tight trading margins, and little selling pressure on Sunday and Monday, a basis was laid for a further rise in the price. This was already established on Tuesday with a move up to USD 13,800. In the middle of the week, a correction was made, and 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. The traditional financial world is increasingly merging with the new decentralized blockchain world. This week one could observe this happening impressively on several occasions. On the one hand, individual banks are pushing further into the new fields. The largest US bank, JP Morgan, started early to explore the possibilities of the blockchain. Since the founding of the Enterprise Ethereum Alliance (EEA) in 2017, the…