Author: Editorial Office CVJ.CH

The ETC Group intends to bring the first crypto-currency Exchange Traded Product (ETP) to the Xetra platform via the white label platform HANetf. The Bitcoin Exchange Traded Product (ETP) with the symbol (BTCE) is scheduled to be launched on Xetra later this month, after it has been approved by the German Financial Supervisory Authority BaFin. Physically backed with Bitcoins, BTCE participates in the price of Bitcoin and has a total expense ratio (TER) of 2%. Trading Bitcoin via an ETP structure eliminates the technical challenges associated with the crypto-currency, such as setting up a wallet or trading on unregulated exchanges.…

Grayscale Investments is experiencing increasing interest from hedge funds and other institutional investors in its crypto-currency trusts. The investment firm has bought 390 million in Bitcoin in 2020, representing 0.2 percent of market capitalization. Sharif-Askary, Managing Director at Grayscale Investments, visited the Podcast Coinscrum markets.. One of the topics discussed was the increasing volumes of Grayscale Trusts. “This was a record year – a record quarter for us. We have never seen such demand for our products before,” Sharif-Askary said in the interview. Reasons for the increasing demand According to host Nisa Amolis, Grayscale managed $3.8 billion in assets in…

Bitcoin/USD daily basis Bitcoin USD – The situation is coming to a head The reporting week was characterized by low daily trading margins. For most of the time, the share price moved in a range between USD 9,300 and USD 9,700. Only on Thursday was there higher volatility. When Bitcoin briefly crossed the USD 10,000 mark again for a short time the previous day, a correction followed which took the price to just under USD 9,000. At the end of the day and on the following days, however, the price was again above USD 9,000, with an average of around…

According to surveys conducted by Greenwich Associates and Fidelity Investments between November 2019 and the beginning of March, the trend towards digital assets is continuing. Nearly a third of the investors surveyed own digital assets. The acceptance of virtual currencies is increasing and with it the interest in the emerging asset class. This is shown by a survey conducted on behalf of Fidelity Investments. The survey questioned 774 US and European investors, including financial advisors, family offices, pension funds, crypto and traditional hedge funds, wealthy investors and foundations. The survey shows an increased investment interest in crypto currencies such as…

The second part of the conversation with Bitcoin Suisse founder and Chairman of the Board, Niklas Nikolajsen about entrepreneurship, growth, banking license, the planned IPO and the future of the crypto-financial industry. The continuation of the conversation with Niklas Nikolajsen. You can read his opinion about Bitcoin and gold as a safe haven in times of crisis, as well as the future of tokenization in the first part . CVJ.CH: Let’s get back to Bitcoin Suisse. Almost half of the total staff of Bitcoin Suisse are IT specialists. That has always been significantly higher than its competitors. What are the…

Bitcoin/USD daily basis Bitcoin USD – Another excursion over 10’000 USD Right at the beginning of the reporting week, Bitcoin broke through the USD 10’000 mark again on Monday. This brought the share price up to USD 10,500 and to a daily closing at USD 10,200. The following day, however, the sustainability of the breakthrough was already tested and a wave of selling took place, reaching a daily low of USD 9,200. The day ended with a slightly higher price of a good USD 9,500. This was followed by four trading days with smaller trading ranges, all of which took…

The digital music store eMusic has introduced its own token called eMU-Token. This is intended to enable musicians to generate higher revenues through royalties. The company’s president, Tamir Koch, explains the company’s move by saying that streaming leads to declining income for artists. According to Koch, overall revenues and acceptance have increased, but the model is by and large flawed. The performers only receive a fraction of the royalties, while the middlemen take an ever larger share of the cake. “eMU token” to create a sustainable ecosystem eMusic has now announced to counter this problem with a token. With the…

The American investment bank Goldman Sachs, headquartered in New York, named five reasons why Bitcoin is “neither an asset class” nor “a suitable investment” in a presentation this week. The financial institution had written a report during a conference call entitled “US Economic Outlook & Implications of Current Policies for Inflation, Gold, and Bitcoin”. Goldman is critical of the crypto-currency. Five main reasons for negative assessment The bank therefore considers Bitcoin to be unsuitable for investment portfolios, neither on a strategic nor on a tactical basis, and lists five main arguments: Bitcoin does not generate cash flow like bonds. Bitcoin…

Crypto-currencies are currently benefiting from steadily growing interest. With increasing investment diversity, there are more and more opportunities to invest in this area or to enter into trading with digital currencies. There are numerous ways that interested parties can invest in crypto-currencies. First and foremost, the desired exposure to the digital assets is decisive. Do you want to own the digital assets yourself, or just participate in the price trend? Whether as an interested layman or advanced investor, the path to digital currencies can seem confusing at first glance. There are now numerous vendors that offer an entry into the…

Sector Analysis May 2020 Index Performance Index performance was roughly 22%, with the dominating Entertainment sector gaining 42% relative to the Index. Other sectors, e.g. Internet of Things (IoT) and Platform are also the monthly winners. The losing sector is Store of Value (SoV), with an underperformance of 19% relative to Index. In May 2020, the Index saw a trading bandwidth of approx. 30%. SoV (Store of Value) DCR (Decred) is a hybrid proof-of-work and proof of stake cryptocurrency. The project funds its own developments from a decentralised treasury. The genesis block launched in February 2016, with a maximum supply…

The Swiss Financial Market Supervisory Authority FINMA has authorized the transaction bank InCore Bank to trade, hold, transfer and generate (tokenize) digital assets. This makes InCore Bank the first Swiss business-to-business bank to offer financial service providers and institutions worldwide easy and secure access to a new and forward-looking asset class. Maerki Baumann is the first customer bank to be ready for launch. The Swiss Financial Market Supervisory Authority FINMA has authorized InCore Bank AG, headquartered in Zurich-Schlieren, to expand its range of services with immediate effect to include brokerage, custody, transfer and generation of digital assets. . InCore Bank…

The Government Council has decided to support sustainable start-ups whose existence is threatened by the corona pandemic. From 27 May 2020, the canton will participate in the federal programme to expand the guarantee system and guarantee up to CHF 5 million. Under this programme, start-ups can submit an application to benefit from federal and cantonal guarantees until 31 August 2020. The effects of the corona pandemic are also affecting many start-ups. What these young companies need now is capital. The previous federal and cantonal aid programmes, especially the federal programme for COVID 19 guarantee loans, have not been effective for…

After seven years of trading a wide range of crypto assets, Bitcoin Suisse announce the addition of precious metals to its trading offering. The company has added gold, silver and platinum to the crypto- and fiat currencies available for 24/7 trading with immediate cash settlement. Now clients have access to an even greater choice of strong assets to build a diversified portfolio. In times of high market volatility and uncertainty, Bitcoin Suisse is providing another option with a traditionally esteemed asset class. Just a few weeks ago, Bitcoin Suisse added 24/7 trading of fiat currencies. With precious metals, the company adds…

President Rouhani, who also chairs the Economic Coordination Unit, recently announced that the country needs a new strategy for mining crypto-currencies. Iran is wavering between promoting and banning parts of the crypto ecosystem. According to the Iranian portal arzdigital, Hassan Rouhani made a statement to the national central bank (CBI), the energy department and the ministries for information and communication technology. He called for a thorough plan to be drawn up with regard to the crypto-currency economy. Iran’s volatile relationship with crypto-currencies Iran has a fluctuating relationship with crypto-currencies. The mood changes between classifying digital currencies as illegal offers and…

Bitcoin/USD daily basis Bitcoin USD – New highs since March crash At the beginning of the reporting week, Bitcoin tested the zone just below the USD 10,000 mark. With higher lows, the price touched the psychological mark. After another failure in the middle of the week, Bitcoin was rejected, leading the share price back up to USD 8’700. The three following days and the end of the week were marked by a consolidation around the USD 9’000 mark. Despite the renewed failure at USD 10,000, the week can be described as a consolidation below the historical resistance zone. Advancing to…

The US company Visa has filed a patent application for its own digital currency based on blockchain technology. The application was already submitted to the US authorities in November 2018. The details were made public with the recent publication. Visa intends to use blockchain and tokenized US dollars to improve the efficiency of its payment network. The complete submitted application is divided into two different approaches. Described as a ‘digital fiat currency’, one option would consist of a public key linked to a wallet. The other approach notes the “removal of the physical currency from the circulation of a fiat…