Author: Editorial Office CVJ.CH

The Bank for International Settlements (BIS), in its quarterly report, has focused on “Trends in payment infrastructure”. In the 151-page report, the Swiss-based institution deals with, among other things, tokenized securities, central bank digital currencies (CBDCs), cross-border payments and peer-to-peer innovations. In his introduction to the report, BIS Director General Agustin Castens makes the following points: The most transformative option for improving payments is a peer-to-peer agreement that directly links payers and payees and minimises the number of intermediaries. More efficiency not necessarily desirable With regard to tokenisation, the report mentions the marking of securities, which should make it possible…

Sector Analysis March 2020 The exchange FTX rebalanced their Alt/Mid/Shit Indices on March 27, 2020. Also, a 20% weight cap for a single coin was introduced in each of the indices. In addition to that of the quarterly rebalancing, any further amendments will be published 24 hours prior. Alt Index The coins still within the Alt Index are BCH, BNB, BSV, EOS, ETH, LTC, and XRP. Leo and TRX have been added to the Mid Index. New Coins: Mid Index All three major exchange coins LEO, OKB, and HT have been consolidated in the Mid Index. The constituent number within…

On the 26th of March, Swiss luxury watchmaker Breitling announced the release of a new limited edition of chronographic watches. For the first time, they will be certified according to the Arianee-protocol. This allows each watch to be assigned a unique digital identity, which is created using distributed ledger technology. Guarantee program for luxury watches at the Blockchain for the first time Breitling was founded in 1884 and is now committed to being the first watchmaker to issue watches with a warranty program through blockchain technology. The functional sequence is kept as simple as possible. Each watch in the aforementioned…

The corona crisis now holds the world firmly in its grasp. Bitcoin was sent plummeting as the virus struck panic into the hearts of investors. Why wasn’t the crypto-asset a safe haven? These questions will be discussed with experts in our partner’s 10×10 webinar. It’s hard to believe: We humans, the dominant species on this planet, are currently subject to the mercy of an invisible microorganism. Covid-19 is also called the spoilsport and is the reason behind the global economic meltdown. — naturally the financial markets are not immune to the corona crisis. As a result, they have fallen sharply…

Coin burning is the process of permanently removing coins (tokens) from the circulating supply, thereby reducing the overall supply.

During the COVID-19 pandemic, the second largest courier service in China (SF Express) is intensively engaging in blockchain technology and its possible applications for the transport of various goods. Blockchain guarantees high standards and reliability It is not known how extensively the company currently uses blockchain, but it is reported that the company is looking to establish blockchain more and more for the shipment of drugs and food. The transport of drugs and food products requires high standards and an enormous amount of reliability. As the Global Times reports, the Shenzhen-based company sees the technology as pioneering in tracing the…

Bitcoin USD daily basis Bitcoin/USD – Testing the first resistance zone Bitcoin managed to defend its newly reached level of USD 6,000 at the beginning of the reporting week. Already on Tuesday, a higher level of just under 6’500 USD was reached. This was followed by a further rise in the share price at midweek, which led to resistance of around USD 6,900. A subsequent consolidation did not lead to a higher peak above the 6,800 mark. Consequently, on Friday the price was rejected to just below USD 6,500. This was followed by two further trading days with lower highs…

A new guidance document from the US Commodity Futures Trading Commission (CFTC) could have a negative impact on the growth of crypto-derivatives platforms in the United States. The guidance document published by the CFTC is causing turmoil among the various derivatives platforms. For years, the crypto industry has been waiting to attract the attention of global regulators. The market should now bask in newly won security. The regulators were quick to take a close look at the crypto-currencies, but they were nowhere near big enough to formulate new rules. CFTC wants to regulate derivatives trading more strictly in future Exchanges…

The Democrats in the House of Representatives have now indicated that they are seriously considering creating a digital dollar. Digital peer-to-peer currencies, generally have faster payment processing times than traditional payment methods. Federal Reserve not very enthusiastic about digital currencies — so far Until now, the Federal Reserve had moved towards real-time payments without considering the use of digital currencies. Even the chairman of the Fed, Jerome Powell, was initially averse to the idea of a digital currency in the past. Only the rapid development through Facebook’s Libra made Powell stop and consider the development of a digital dollar. Powell also suspected that…

A research team at Yale University wants to use new technologies to find out how mankind can fight climate change. As part of this project, the academics have been working on the Internet of Things, artificial intelligence and the Linux’ Hyperledger blockchain platform. Carbon dioxide concentration in the atmosphere alarmingly high, climate change effects frightening According to a research report by the environmental organisation Conservation International, the carbon dioxide concentration in the atmosphere has been at an alarmingly high level since 2018. The report also mentions that the number of people at risk from the effects of climate change is around 11…

The Peoples Bank of China (PBoC) is said to have come closer to issuing a national digital currency. According to an industry insider, the central bank is said to have completed work on the basic functions of the digital currency. The basic functions of the digital yuan have been implemented The basic functions, which according to the Global Times report were developed in cooperation with a few selected private companies, are now fully implemented. The Chinese central bank is now working on appropriate legislation to bring the digital yuan into circulation. AliPay’s patent applications will focus on the basic functions of the…

Investors are currently struggling in all parts of the world, looking for investment alternatives, with crypto-currencies such as  bitcoin being a serious consideration. Financial markets are currently facing their worst crisis since 1929 and in recent days the search volume for the most popular crypto-currency has increased on Baidoo and Google Trends. Bank of China sees three problems regarding crypto-trading The Peoples Bank of China (PBoC) has now warned against investing in crypto-currencies on its official WeChat account. The PBoC published an article on the 22 March under the title “3.15 Protection of financial consumer rights and interests”, it lists the three most serious frauds subject to…

After a  campaign by the Italian Red Cross (ITR) was able to achieve its fundraising goal within three days, the organization is now asking for further donations in the form of bitcoin. The campaign, which was launched on March 12, is intended to enable the Italian Red Cross to purchase medical equipment for the preliminary examination of corona patients. The target, which was initially fixed at 10,000 euros, has now been raised to 25,000 euros. The ITR has already ordered clinical materials after having achieved the  10,000 euro target. Currently, the fundraising campaign has achieved around 80 percent of the hoped-for goal.…

Bitcoin (BTC) is the first and leading cryptocurrency based on blockchain technology, which enables direct transfers of value between users (peer-to-peer) without intermediaries, and is secured through a decentralized process called Bitcoin mining.

The US investment bank JPMorgan Chase has published a report on blockchain, digital and crypto-currencies. The report states that blockchain is still many years away from being widely used. In the 74-page report, the report’s authors state that they see “long-term potential” for Distributed Ledger Technology (DLT) to change the current business model for banks, by providing a more efficient method for transferring information. They also explain in the study that the speed at which blockchain technology can be introduced, depends on “solving legal and technical problems” — especially those related to cross-platform integration. Basis for fast payments and digital currencies already established It…

On the first of March, The South Korean city of Seoul introduced a blockchain-based petition system. The system is intended to give citizens the opportunity to propose issues directly to the local administration. Residents of the capital can use the system to submit proposals to the government about possible changes to existing policies or other issues. Blockchain will be mainly used to verify identities, with the government wanting to make sure that every person in the network is checked to avoid possible double voting. The initiative, called “Democracy Seoul“, is intended to support the central government’s vision of creating a more open platform…