Author: Editorial Office CVJ.CH

On the 14th of November, then-democratic presidential candidate Andrew Yang, posted his future plans for the regulation of crypto markets. Yang’s avant-garde approach to technology and automation has been lauded by many within the tech-community. Andrew Yang (born January 13, 1975) is an American entrepreneur, philanthropist, lawyer, and 2020 Democratic presidential candidate. He is the founder of Venture for America (VFA), a nonprofit organization that focuses on creating jobs in struggling American cities. Is technophile Andrew Yang the perfect man for the crypto industry? However, for the Satoshi Nakamotos of this world, news of regulation coupled with Yang’s signature policy, universal basic income (UBI), has stirred suspicion amongst…

There are numerous crypto-conferences throughout the year. Conferences held in Switzerland are rather rare. In January 2018 a conference took place in St. Moritz for the first time. The Crypto Finance Conference (CFC) will celebrate its third anniversary in January 2020. The Crypto Finance Conference (CFC) has quickly developed into a globally recognised crypto conference with high-ranking speakers and networks. While well-known conferences in the blockchain sector stand out primarily due to their size and reach on “social media”, the CFC is deliberately different. The number of participants is limited to a maximum of 200. The slogan is: “The most…

In June, the FATF, the global money laundering regulator, published its guidelines for dealing with virtual currencies. These include amongst others the “Travel Rule”. Introduced in 2012, this recommendation requires the exchange of client data between financial intermediaries. “Travel Rule” Facts The Financial Action Task Force (FATF), an intergovernmental organization based in Paris, issued its recommendations on June 21 on the fight against money laundering and terrorist financing in dealing with virtual currencies. In future, so-called “virtual asset service providers (VASPs)” are to operate in accordance with the issued guidelines. The recommendations are largely based on the regulation of traditional…

Demonstrating their strong belief and shared vision that crypto assets will play a vital role in the future of finance, InCore Bank AG and inacta AG are joining forces to bring the entire value chain to traditional banks. The independent Swiss IT consulting company for Information Management and crypto assets inacta AG is partnering with InCore Bank AG to provide technology and an ecosystem to banks that want to enter the market for crypto assets. Building on its comprehensive offering for banks and financial services companies, InCore Bank will broaden its services to include all value spaces that are inherent…

The French SEC-equivalent AMF (Autorité des marchés financiers), detailed the existing issue on approaches taken regarding digital currencies. In their report, the AMF called on the European Commission to develop a strategy for digital financial services. The Fintech dossier called for the EU to “regulate the issuance and exchange of financial instruments in a blockchain (tokenization)“. This would only be feasible by removing current legal barriers. Legal barriers to the development of block-chain based securities According to the report, currently, attention is drawn to problems that have already been addressed by other market participants. Following a detailed legal analysis, the AMF has identified…

Bitcoin/USD daily basis Bitcoin/USD – First taste of the strong resistance zone This week, the price of bitcoin managed to break through the psychological hurdle of USD 10,000; with the breakthrough occurring in the late hours of last Sunday. This momentum was put to the test on Monday and Tuesday, which saw a daily low around 9’800 USD. However, Tuesday’s closing price of USD 10,250 was higher than in the previous days, which formed the basis for further price increases. In the second half of the week, daily highs amounting to USD 10,500 were reached, moving the price of bitcoin…

Bitcoin is undoubtedly becoming more popular. While many people have heard of bitcoin, the percentage of the world’s population that owns bitcoin is still negligible. In the following article, a two-pronged interpretation regarding the distribution of bitcoin will be presented. The first part will focus on total quantity and distribution. Total quantity: Limited maximum number and inflation rate Bitcoin as a digital currency has predefined limits on the supply side. The maximum number of bitcoins anchored in the code is limited to 21 million.  The current total quantity is roughly 18 million coins. Newly created bitcoins are distributed to the miners as a payment. The miners, by engaging in…

We saw an eventful year, with investment growth in the crypto-currency sector as well as in trading. There were also some important macro moments that have motivated Bitcoin traders in 2019. A review and outlook by Patrick Heusser. Bitcoin: Trading review 2019 and outlook 2020 If one looks at the market as a whole, as is done in the 3-year Bitcoin Chart above, one has a good point of reference when looking back to 2019; with a first glimpse of the market in 2020 also possible to discern. In our view, the Bitcoin run that peaked $20,000 was driven by two main events. One was the…

Terms like “Bitcoin”, “Blockchain”, “Altcoins” and “ICO” are heard more and more often, crypto name-dropping is the latest trend. If you want to understand what is hidden behind these terms, you will find the 1×1 of the crypto world here.

Federal Reserve Chairman Jerome Powell addressed the House of Representatives’ Financial Services Committee on Tuesday. When asked about digital currencies, Powell admitted that the Libra project had sparked some excitement in the Fed last year. Jerome Powell, the current chairman of the Federal Reserve, said this in response to Illinois Congressman Bill Foster’s question about the progress being made on the issue of central bank digital currency (CBDC). Furthermore, Powell made statements that would allow for an increasingly larger scope of private crypto-currency transactions, including data protection,: which is a reversal of previous policy. Question about the digital dollar The discussion between…

The Swiss regulatory authority FINMA has announced a new proposal that provides stricter guidelines for unidentifiable crypto-currency transactions. The new FIDLEG and FINIG laws, have obliged the Swiss Financial Market Supervisory Authority FINMA to issue certain, mainly technical, implementation provisions. For this reason, FINMA presented a new, streamlined ordinance last week. Among other things, the ordinance calls for a lowering of the threshold for exchange transactions in crypto-currencies. Reduction of the threshold value for transactions from CHF 5,000 to CHF 1,000 FINMA is proposing to amend the thresholds for client identification in crypto-currency exchange transactions as per the FINMA Anti-Money…

The following rules should pave the way for a successful trading strategy. Definition of a strategyA trading strategy should be based on fundamentals that someone has personally observed or learned from the market.Technical analysis, i.e. the closer look at price movements, is an important tool for this purpose. The market should be analyzed in order to discover recurring patterns.Thus a strategy can be developed, after which one should act strictly. Leaving out emotionsTraders must trade with their head, not their stomach. By nature, people tend to act emotionally. In trading, emotions are dominated by fear and greed. These should be…

The Beginning When, in the 80s computer-based trading appeared on Wall Street, the environment reaked of gold diggers. Profits that had been hardly conceivable until that time, were now being realized as the result of automatic trading algorithms. Within a short period of time, stock exchanges were technically revolutionized, thus redefining the rules and balance of power within the industry. The vast extent to which stock market trading had been transformed, as a result of the advent of computers, was first experienced  on the 19th of October 1987. “Black Monday”,  as it is now referred to, saw share prices plummet worldwide.…

In May 2020 it is “halve-time”. The fee received by a miner for securing the blockchain network in the form of newly created bitcoins will be halved. The term known as “halving” will half bitcoin’s inflation rate. Thus, it is important to ask, what impact have the past halvings had on the price of bitcoin? Bitcoin money supply and inflation Bitcoin, as a digital currency, has a predefined limit on the supply side. The maximum number of bitcoins anchored in the digital asset’s underlying code is limited to 21 million.  There are currently almost 18 million coins in circulation. Newly created bitcoins are paid to miners, who contribute computing power to ensure the functionality of the blockchain system. Currently, there are 12.5 bitcoins…

The U.S. Treasury Department, which is responsible for the administration of government revenue, is testing blockchain technology to track federal grant payments.  The Department intends to use a proof-of-concept program that will serve as a blockchain-based letter of credit for grant recipients, according to Craig Fischer. Fischer is the head of the innovation program at the Treasury department, and announced this at a conference, according to Federal Computer Week (FCW).  Tokenization helps the Treasury Department with identification According to the report, the test program uses accreditation tokens to track the flow of funds from federal reserves to recipients. Via tokenization, it should  be possible to identify the number of recipients, the amount of the money and important data such as…

At Davos last week, the World Economic Forum released a 28-page article on central bank digital currencies (CBDCs). The document is intended to help countries to introduce digital currencies. An insight from Demelza Hays. The World Economic Forum’s Central Bank Digital Currency Policy‑Maker Toolkit is a document that explains design features of CBDCs including, potential benefits, risks, and costs of implementation. Design characteristics of the “CBDC Policy-Maker Toolkit” The overall message in the WEF’s CBDC Policy-Maker Toolkit is clear: CBDCs will not be a harbinger of freedom and prosperity based on sound money principles. The most glaring red flags are…