Author: Editorial Office CVJ.CH

The New York Department of Finance (NYDFS) requires crypto-currency companies to prepare detailed coronavirus preparedness plans. This is to signal the seriousness of COVID-19. Crypto companies face new challenges New York’s crypto-companies must prepare contingency plans with detailed information, according to a letter sent on March 10. The preparations must include strategies to protect employees and increase cyber-risk mitigation. Communication plans are also needed in the event of a disaster. In addition, procedures are needed to ensure the continued functioning of critical operations. This should ensure that important operations can continue to run. The NY regulatory authority was particularly concerned about the…

There was no stopping on Thursday. Along with the traditional financial markets, bitcoin lost 30% within a very short time. After temporarily bottoming out, the price dropped below USD 4,000 on the same day, corresponding to the previous day’s bitcoin crash, which wiped 50% from crypto’s leading currency. What led to the current Bitcoin crash? 3 factors can be identified: Expectations too high The properties of bitcoin are impressive. A valid alternative for decentralized value transfer. Censorship-resistant and trust-free. The path which bitcoin has taken, in its almost 11 years of existence, is impressive and unprecedented. The chances of continuing in this…

The two most popular Bitcoin valuation models are PlanB’s Stock to Flow model and Willy Woo’s NVT ratio. The SwissRex model combines these two models and includes monetary and fiscal policy. Stock to Flow The Stock to Flow ratio was first described in 1997 by the Hungarian professor Fekete. [1] The Stock to Flow ratio relates the inventory of a precious metal to its annual production. The higher the Stock to Flow ratio, the less the impact of a supply shock on the price of that precious metal. Gold first established itself as a store of value because it was…

Two Japanese companies have developed a block-chain solution to respond to the large number of empty houses in Japan. The compliance platform for token issuers “Securitize” has joined forces with the Tokyo-based company LIFULL as part of this project. The aim is to create a financing platform that uses digital securities for investments in real estate. In a press release dated March 10th, the two companies announced that the collaboration has got off to a successful start and that the block-chain technology and digital securities provide more effective crowd financing for the Japanese real estate market than traditional methods. Focus…

Our monetary system is in upheaval, currency crises are accumulating. But every crisis also offers opportunities: The Internet opens up new opportunities for private money supply. So why not pay with Google money? This article is a guest contribution by Christian Pieter Hoffmann and was originally published at hayekianer.ch.  “When I buy something on the Internet, I usually use Google dollars – they are accepted everywhere, even abroad. In Switzerland, I usually take the Migros franc, although I also find the SBB thaler practical. I never actually carry physical money with me – everything is done electronically after all. This…

For the past three months China has been caught in a crypto-storm, with those operating within the crypto-industry struggling to keep their heads above the water in a sea of uncertainty. Last week, the notion of ‘blockchain not bitcoin’ resurfaced as the financial regulator in the city of Weihai warned investors to differentiate between blockchain and bitcoin. China’s position on crypto seems clear but, when reviewing all that has occurred since October, may there just be a light at the end of the tunnel? A Good Forecast On the 24th of October, President Xi Jinping, spoke at the eighteenth collective…

Thomas Lee, co-founder of Fundstrat, recently recalled in a tweet that Bitcoin’s biggest profits were made on the ten best trading days. Every year, the vast majority of Bitcoin’s price gains are only made on the ten best trading days, Lee observes. During the last bull market in 2017, the price rose by an incredible 1’136% in those ten days. But even during the bear market of 2018, the best ten days recorded a gain of 66%. Bitcoin’s increase in value since 2013 without the 10 best days, results in a return of -25% p.a. Without the ten best days,…

When it comes to the professional safekeeping of crypto values (custody solutions), a comprehensive security concept is indispensable. A guest article on the secure storage of crypto currencies by Dr. Robert Rogenmoser. Principles of the analogue world also apply in the digital environment Where can I keep my money safe? The simple answers – under the mattress, in a vault, or at the bank – unfortunately don’t apply when talking about Bitcoin and other crypto currencies. This digital money is created by means of cryptographic processes. These processes determine the account number (called address or public key) and allow access…

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…