Author: Editorial Office CVJ.CH

Double spending is a potential problem for digital monetary systems that Satoshi Nakamoto first resolved with Bitcoin.

According to a circular dated 4 October 2019, the Hong Kong Securities and Futures Commission (SFC) has issued official regulations for crypto-fund managers. The 37-page document is entitled “Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets.” In this document, SFC sets out conditions that apply to all companies that manage portfolios and invest in virtual assets. Organizational and financial guidelines Accordingly, asset managers in Hong Kong are expected to have liquid capital of at least 3 million Hong Kong dollars ($383,000) and a floating liquid capital. In addition, SFC recommends that the managers…

A dispute in France has led to a landmark court decision. The decision of the Nanterre Commercial Court contained extensive case law, which also determined the legal nature of Bitcoin. The court considers Bitcoin in this case to be a fungible intangible asset. Just like paper money, Bitcoin legally represents an asset that is exchangeable but not individualizable. This is a landmark decision which should facilitate Bitcoin transactions in the future due to new legal certainty in France. Dispute over Bitcoin credit security led to the decision According to a report by Les Echos, a dispute between the French stock…

The transaction volume in the Bitcoin network is constantly increasing. The annual transaction volume has grown steadily over the last 4 years to reach 727 billion USD, exceeding for example, Paypal. In a tweet, Blockchain analyst Willy Woo compared the number of transactions to transactions within traditional payment providers. For example, the payment service provider Visa processed around USD 8.2 trillion in 2018, which corresponds to eleven times the volume of Bitcoin transactions. The previous cash flow in the Bitcoin network has increased by a factor of about 10 in the last four years. If growth remains constant, this would…

Central Bank Digital Currencies (CBDCs) are digital versions of fiat currency, created and backed by central banks.

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…