Author: Editorial Office CVJ.CH

Today, Bitcoin Capital, a new ETP issuer on the Swiss stock exchange, launches the very first actively-managed Crypto ETP tradable on a regulated marketplace. The ETP provides additional opportunities for retail and institutional investors to diversify their portfolios by incorporating an actively-managed basket of cryptocurrencies. This takes the number of ETP providers available at SIX to 5, and the number of ETPs to a record of 31 – further strengthening the position of the Swiss Stock Exchange as the world’s leading market place for regulated crypto products. With their newly tradable ETP at SIX, Bitcoin Capital offers exposure to a…

This week, the US supervisory authority, Office of Comptroller of the Currency (OCC), announced in an open letter that nationally licensed banks are allowed to offer custody services for crypto-currencies. The regulatory environment in the United States regarding the provision of trading and services in digital assets is not uniformly regulated. The legal situation is unclear. US banks then wanted to obtain more detailed information from the U.S. Office of the Comptroller of the Currency (OCC) about the rules governing the safekeeping of crypto-currencies. This resulted in the public letter in which this was explicitly approved. “The provision of custody…

The mobile e-sports platform ESPN Global wants to launch a block chain based gaming platform. An Initial Exchange Offering (IEO) with own Smart Gaming Tokens is to follow. The project is currently in the pre-introduction phase. ESPN Global is the mobile e-Sports platform based in the UK. It is operated by the ESPN Global Corporation Ltd. based in Poland. It offers some of the most popular games in one application. It is a format that allows users to select a game and join a group of participants. Users can compete against each other in real time and the winner is…

Bitcoin/USD daily basis Bitcoin USD – Another push towards 10,000 USD Monday began with another trading day with a low trading range around USD 9,200, as has been seen very often since 25 June. However, on Tuesday, a push into the 9’400 region was initiated, which closed near the daily high. On Wednesday and Thursday, two more trading days of rising prices followed, pushing Bitcoin towards USD 9,600. After two days of consolidation at the new level, the zone was tested again above 10’000 USD on Sunday. This led briefly to a daily high of 10’150 USD. Currently, the price…

What are crypto-currencies, what are they for and what are the differences between Blockchain and Bitcoin? These and other fundamental questions were explored in the webinar on July 15. The webinar series, which provides basic knowledge about blockchain and crypto-currencies, is a cooperation between CVJ.CH and 21 Shares AG, a provider specialized in digital assets. In a constructive series of six blocks of 30-minute sessions, the aim is to help participants gain a basic understanding of what happens around crypto assets. In an interactive dialogue, the various topics are dealt with by experts. This is followed by a question and…

A few weeks ago, the government of Beijing published a two-year plan in which they describe their goals with regard to the integration of the blockchain. The Chinese capital is to become an international “blockchain hub” and also integrate the technology into its administration. The government’s main goals are defined in the 145-page action plan, which includes building a blockchain-based unified framework for digital administration, simplifying the exchange of data between government agencies and businesses, and facilitating interdepartmental and interregional cooperation, Technode reports. China as a pioneer in the blockchain sector Beijing is not the first city in China to…

A discount call warrant belongs to the category of exotic warrants. In general, exotic warrants are the securitized combination of various options and thus a further development of classic (“vanilla”) warrants. Structured products include strategies that are composed by combining financial instruments and derivatives. This combination allows investors to trade a complex derivative strategy in the form of a security. Structured financial products are tailored to a certain expectation regarding the market performance of the underlying instrument and have a corresponding specific risk profile. How “Discount Calls” Work The investment strategy underlying the discount calls is a so-called call spread,…

The US-American online travel agency behind the expedia.com website will in future enable the payment of the more than 700,000 accommodations using crypto-currencies. A partnership with Travala.com has also been agreed. The company, which was founded in 1995 and has its headquarters in Washington, employs around 20,000 people. In the first quarter of 2020, Expedia achieved a turnover of approximately 2.2 billion US dollars. Expedia Partner Solutions (EPS) – a subsidiary of the company – had enabled Travala.com to grant access to a so-called “Rapid Application Programming Interface”, which now allows Travala users to directly offer Expedia’s accommodation to their customers. Users should be…

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. An interesting interview with Dr. Cyrus de la Rubia, Chief Economist of Hamburg Commercial Bank. De la Rubia has 25 years of financial market experience and answers questions regarding monetary policy, digitalization, blockchain and more. An insightful report on the upcoming changes in the structure of the global currency systems. How digitalization and innovations in the areas of currencies, exchange rates and interest rates will lead to significant…

The current economic crisis and the ultra-loose monetary policy of central banks raise many questions. Structural change seems unstoppable. What role will digitalization, block-chain technology, digital currencies and assets play? Dr. Cyrus de la Rubia, Chief Economist of Hamburg Commercial Bank, answers these and other questions. De la Rubia has 25 years of financial market experience and is a sought-after speaker at renowned conferences as an expert on digital central bank money and block-chain based private currencies. CVJ.CH: At the moment there are a number of issues that are keeping the economy and the financial world on its toes. How…

The three telecommunications companies Telefonica, Deutsche Telekom and Vodafone are working on a block chain solution to simplify the billing of roaming costs. The system should make it possible to generate roaming billing results within a few minutes. As part of the project, Spain’s Telefonica, as well as Deutsche Telekom, already contributed $13 million to the Series A financing of a start-up called “Clear” at the beginning of the year. Roaming agreements are complex and costly The system should enable companies to receive roaming billing results within minutes. System-relevant data can also be updated immediately. Furthermore, the solution of the…

The Greeks are an important instrument of risk management, mostly used in the derivatives options space: Delta, Gamma, Theta, Vega and Rho.

The unchangeability of the block chain ensures transaction security. An Israeli start-up wants to use “revocable transfers” to offer the senders of crypto-currencies the possibility of cancelling transactions that have been carried out incorrectly. According to Kirobo CEO Asaf Naim, the aim of the innovation is to make blockchain transactions as simple and secure as online banking. With the issued product and the Retrievable Transfer, users should be protected from human error within the block chain. A survey conducted by the Fio Foundation shows that around 55 percent of those surveyed made mistakes when sending crypto-currencies, which can be explained…

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. This week we reported on the new trading app of a Swiss start-up. The app is designed to be as simple and secure as possible so that everyone can trade digital assets. The history of money goes way back. The detachment from the gold standard and the subsequent transformation to the current FIAT system has fundamentally changed the structure of our monetary system. In times of exuberant money…

The Swiss start-up Honesto is launching a trading app for the secure trading of digital assets such as crypto currencies and security tokens, using the services of the B2B transaction bank InCore Bank. Analyses carried out by the start-up revealed a large number of private investors who are interested in crypto trade or security tokens, but were previously hesitant. Whoever is not already familiar with the crypto world may quickly perceive it as intransparent and complex. Now Honesto wants to change this. Honesto focuses on providing a maximum of simplicity and safety. Trades are executed by using a digital purse,…

Payoff, the investor portal focusing on structured products, again presented the Swiss Derivative Awards this year. The most innovative products in various categories were honoured. A Bitcoin Reverse Convertible was chosen as the best product on alternative underlyings. For the fifteenth time, the Swiss Derivative Awards 2020 honoured the best structured products and their issuers. For the first time, awards were presented for two categories specifically focused on environmental protection (ESG and climate protection). The jury, consisting of experts from asset management companies, the SIX Swiss Exchange, and the Universities of Fribourg and Zurich, selected the winners in the various…