Author: Editorial Office CVJ.CH

If your bank account was compromised during a hacker attack, your bank can “easily” refund the money you have lost. However, if your crypto wallet has been hacked and your bitcoins have been sent to the wrong address, your bitcoins are permanently lost. The reason for this is that most cryptocurrencies are not controlled by a central authority. As a result, there is a great need for secure custody solutions for bitcoins and other cryptocurrencies. One of the most common ways to protect your bitcoins from attackers is to sign transactions using hardware wallets, where the signing process takes place…

For a long time it was quiet around the planned stable coin social media company Facebook. Now the Geneva-based Libra Foundation is back with a revised whitepaper and a FINMA application for a licence to be considered payment system. As can be seen from the announcement on the Association’s blog, the project wants to support central banks in the future, in their development of central bank digital currencies (CBDC’s). Efforts are being made to bring blockchain technology inline with recognized regulations. The updated white paper provides an overview of the categories of network participants, including virtual asset service providers (VASP’s).…

An Application Programming Interface (API) is a vital set of functions and protocols used in the development of application software.

Utility tokens derive their value from the specific functions and services they enable within an ecosystem.

A smart contract is a computer protocol designed to digitally facilitate, verify, or enforce the negotiation or performance of a contract.

Parachains, are dedicated layer-1 blockchains in the Polkadot blockchain ecosystem which run in parallel to the central Polkadot Relay Chain.

In an open letter to the Swiss Financial Market Supervisory Authority (FINMA), the Bitcoin Association Switzerland (BAS) is formulating a recommendation to amend the Money Laundering Ordinance presented in February. It calls for all financial market players to be treated equally. On 7 February 2020, FINMA published a proposed ordinance and several partial ordinance revision projects, including the FINMA Anti-Money Laundering Ordinance (GWV-FINMA). The BAS refers to a specific detail concerning crypto-currencies. Regulation shows differences between virtual and traditional currencies The proposed Article 51a GWV-FINMA would create a legal distinction between virtual currencies and traditional currencies. It would set different…

An accelerator is a time-limited program aimed at supporting startup companies with their business operations.

Bitcoin/USD daily basis Source: Tradingview.com Bitcoin/USD – Not much new in the reporting week On Monday, Bitcoin was able to advance to just over USD 7,300 right at the beginning of the reporting week. This was followed on Tuesday by another attempt to climb higher spheres. However, this was rejected at USD 7,500. This was followed by an intraday correction to a low of USD 7,050, but the daily closing price was marked slightly higher at USD 7,200. The next two days the Bitcoin price consolidated at these levels until Friday when it was sharply rejected below the USD 7’000…

Algorithmic trading (also known as algo trading) refers to the use of computer algorithms for automated execution of trading orders.

An angel investor is an investor who provides funding in the early startup stages of a company in return for shares.

Whale refers to individuals or institutions that own large quantities of cryptocurrencies and have the ability to generate price fluctuations.

Basically, any application that includes functions for storing and handling cryptocurrencies can be described as a wallet.

Telegram is essentially a cloud-based instant messaging platform that enables secure communication in real time.

New functions for the Mainnet can be tested in a test net, where the tests take place in a safe environment.

Tether (USDT) is a controversial cryptocurrency with tokens issued by the company Tether Limited. USDT is traded as a so-called stablecoin.