Author: Editorial Office CVJ.CH

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…

The Federal Financial Supervisory Authority (BaFin) in Germany is currently clarifying how the newly defined law can be applied to companies regarding the safekeeping of crypto-currencies. Companies that would be affected are one’s subject to foreign jurisdictions but serve the German market. In a guideline published in January, the regulatory authority announced that companies that have already held digital assets for Germans do not have to fear punishment for not having a license. For the time being, these companies will receive the same protection as companies based in Germany. Those intending to apply for a licence must do so by the end…

Last week, a global consortium was announced at the WEF to focus on designing a legal framework for managing digital currencies, including stablecoins. In 2020, the WEF brought more than 3,000 global leaders from politics, government, civil society, science, arts and culture, and media together. Under the theme “Stakeholders for a Cohesive and Sustainable World”, participants focused on defining new models for building sustainable and inclusive societies in a multicultural world. Digital currencies a key issue at the WEF Digital currencies are a focal point of the forum, said WEF founder and chairman Klaus Schwab. The area requires contributions across sectors,…

The SIX Swiss Exchange has recently observed an increased interest in trading crypto assets. This increase in interest is shown by a survey (full-report in English) conducted by SIX among Swiss Exchange participants. Market participants observe increasing customer demand for digital assets Around two-thirds of the retail participants surveyed stated that their customers are showing an increasing appetite and demand for trading digital assets. In the long term, an even higher proportion of retailers – namely 80% – are expecting the demand for trading digital assets and crypto products to grow considerably. The survey was conducted in the fourth quarter of 2019…

Six major central banks, including the Bank of Japan and the European Central Bank, are scheduled to meet in Washington in mid-April to discuss issues related to the likely introduction of central bank digital currencies. According to the Japan Times, the governors of the ECB and the central banks of the United Kingdom, Canada, Japan, Sweden and Switzerland are to consider conducting joint research on the possible future introduction of central bank digital currencies (CBDC). They will also discuss possible challenges such as cross-currency settlements and the defence against cyber attacks, the source said. The meeting is said to take place in…

Recent price increases in bitcoin has resulted in increased search volumes on Google for the term “Bitcoin”. According to statistics on Google Trends, this pattern of bitcoin price increases which has correlated with increased Google search volumes, has been observed frequently in the past. However, there are also other findings. Google Trends is an online service provided by Google LLC, which provides information on which search terms are searched for by individuals using the Google search engine. The results are in relation to the total search volume and have been available on a weekly basis around the world since the beginning…

The Chinese central bank has injected liquidity worth 1.2 trillion yuan (174 billion dollars) into the markets on Monday through reverse repo transactions. This is expected to support stock markets as they reopen amid a new outbreak of the coronavirus. The Chinese authorities have announced that they will provide sufficient liquidity through various monetary policy instruments. This is to protect companies affected by the virus epidemic. According to Reuters,  the People’s Bank of China, has announced that total liquidity after this injection will exceed last year’s level by 900 billion yuan. Trading resumed after extended pause Trading on the Chinese markets…

The SEC Commissioner Hester Peirce wants to give projects in the crypto sector a chance to avoid conflict with US securities laws when seeking funding. Peirce, who has been with the Securities and Exchange Commission for two years and is known only as “CryptoMom” by the blockchain community, has formally proposed a safe haven for token projects. This would give more room for funding and development before projects have to worry about regulatory requirements. Three-year grace period from the first sale Peirce’s proposal was made at the International Blockchain Congress in Chicago. According to it, startups in the crypto sector would have a…

The Australian central bank (Australian Reserve Bank, ARB) is currently investigating the possibility of a Digital Central Bank Currency (CBDC). The Bank has revealed that it wishes to simulate the use of a CBDC in a wholesale payment system. Many central banks are currently looking at digital currencies, mainly as a result of Facebook’s plans for Libra. However, as Libra has had major problems with regulatory issues, the central banks are now moving forward with their own plans. In the recent past, the central banks of China, Sweden, Turkey and many other countries have been pushing the development of their own CBDCs. The ARB wants to test…

In the coming decades, the so-called “Millennials” are set to become the most prosperous generation in history. For banks, this could be a cause for concern, as younger generations prefer to shift to unconventional banking and non-third-party means of finance. Millennials set to become the richest generation in history   By definition, millennials are people born between 1981 and 1996, thus aged between 23 and 38 years old. The U.S. Census Bureau forecasts that the Millennials will be the richest generation in history, ahead of the baby boomers. The baby boomers have experienced record economic expansion over their lifetime’s and will pass on their accumulated wealth to their children.  A study by Fundstrat predicts that disposable income for millennials will grow…

The United Arab Emirates (UAE) could save around $3billion billion in administrative costs by adopting blockchain technology. This information was released by a report published by the World Economic Forum. The aim of the study was to analyse and make concrete factual examples of applications of blockchain technolog. Mirek Dusek, who is a member of the WWF Executive Committee, emphasized the importance and the use of such technology, while referring to the fourth industrial revolution: “The principles developed in the report have not only strengthened the companies and government initiatives that are located within the UAE and the surrounding region; but will…

This year’s CV Blockchain conference in Davos had interesting topics and speakers. While many representatives from the Blockchain industry presented the latest developments in various areas, economist Roubini was extremely critical of the developments. Just as the promising discussion round on “Decentralized Finance” (DeFi) was concluded with promising prospects for the future and a mood of optimism regarding the transformation of the financial market was spreading throughout the conference, the well-known economist Nouriel Roubini entered the panel and created a strong headwind with his statements. Roubini’s all-round blow against crypto-currencies and blockchain Roubini, who had already been critical of Bitcoin…