Author: Editorial Office CVJ.CH

In order to improve the traceability of its own coffee brand “Zoégas”, Nestlé is expanding the use of the IBM’s Food Trust blockchain and is entering into a cooperation with the Rainforest Alliance. Zoega’s coffee packaging is labelled with QR codes According to the company, the IBM Food Trust blockchain will provide consumers with more detailed information about the logistics processes. As part of this, Zoégas coffee packaging sold in Sweden will be labelled with QR codes. These can provide customers with various types of information, such as the distance the coffee beans have travelled from harvest to the supermarket…

Central bank policy and monetary system The trend displayed below is one of an expansive monetary policy (which was originally intended to rescue the traditional banking system). Despite being intended only to rescue the traditional banking system, this policy is now further being continued in the hopes of achieving the vision of eternal growth without recessionary periods.  Low interest rates and the continuous printing of new money to buy bonds and shares on the market is fast becoming a normality for central banks. Effectively, the aim is to provide the world with cheap capital. Under the term “Quantitative Easing,” an…

The whistle for “halve-time” is set to blow, with May 2020 creeping ever closer. For those operating in the crypto-verse “halving/halvening” is the talk of the office, with speculation as to what new heights the price of bitcoin will surge to, taking centre stage. This interest in 2020’s most anticipated crypto-event is seemingly mirrored by the volume of searches for “bitcoin halving” on Google Trends. The increase in searches is indicative of the excitement and pull bitcoin has across the globe. But what is the “halving” and what/who may be driving this surge in searches? Bitcoin Halving – a Brief…

Chainalysis (a company specializing in blockchain analysis) helps companies and law enforcement agencies uncover fraud and prevent money laundering. In its recently published Crypto Crime Report, the company recorded the illegal activities that were discovered. Thanks to the inherent transparency of the blockchain, findings can be made that are not possible when investigating money laundering in the traditional Fiat currency world. According to the report, cryptocurrency fraudsters succeeded in scamming 4.3 billion dollars from their victims last year. Most of the illegal money flows were linked to pyramid schemes, including OneCoin and PlusToken. Exchanges are a popular money laundering solution…

Bayerische Motoren Werke, better known as BMW, has announced that the company has successfully tested a platform called “PartChain”. According to the announcement, the test was completed in 2019. Pilot project has already been successfully tested at several locations PartChain will use blockchain as well as cloud technologies from Amazon Web Services and Microsoft Azure to ensure the traceability of automotive parts. The company wants to ensure greater data transparency for automotive parts involving parties that are distributed around the world. In the pilot project already completed, the solution was used for purchasing and tracking headlights. At the time, two…

Bitcoin/USD daily basis Bitcoin USD – Continuously higher lows At the beginning of the reporting week, Bitcoin was able to defend the previous Sunday’s low of USD 5,900. This was followed on Monday by an upward movement which led to a level of 6’600 USD and just below that marked its daily closing price. In the following days the Bitcoin price was able to move steadfastly away from the USD 6,000 mark. This happened within narrow daily bandwidths, but with consistently higher lows. Although the USD 7,200 was briefly eclipsed on Thursday, this was only an intraday result. Thus, in…

This acquisition has been hiding in plain sight for some time. The crypto exchange Binance takes over the popular US crypto information service Coinmarketcap. Coinmarketcap – 35 million requests per month It is now official: Binance has confirmed that it has acquired the, currently ,most popular crypto information service. According to reports in The Block magazine, Binance may have spent around 400 million dollars on the acquisition. According to the magazine, the acquisition was mainly paid for with shares and NBB tokens. The acquisition of Coinmarketcap would place this deal among the top three most expensive crypto acquisitions. The platform,…

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…

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…

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…