Author: Redaktion cvj.ch

What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact weekly review. One of the dominant macroeconomic questions is whether we should expect rising inflation figures going forward. The first signs of a potential inflation problem are signaled by tightening employment conditions combined with rising global producer prices. If inflation picks up sustainably, it will be difficult for central banks to exit their unprecedentedly loose monetary policy without causing market turmoil. The original conceptual idea of Bitcoin providing inflation protection is…

Bitcoin USD daily Basis Bitcoin USD Chart Analysis – Reconquest of the 200 Day Average In the reporting week, the question was whether the new situation of the 40,000 resistance zone, which was overcome last time, could hold. The omens were good, as Bitcoin was able to overcome the resistance zone for a second time on Saturday of the previous week and mark a new daily high for 79 days at 42,869 USD. After a consolidation on Sunday in the area of 44,000 USD, there was another upward movement on Monday, which already carried the price up to 46,285 USD.…

What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact weekly review. Despite progress in recent years, the topic of digital asset regulation remains a dominant issue in the area. Without clear guidance, established players are unwilling to enter the emerging sector. Abrupt legislative changes can drastically affect the business environment. Even the new U.S. infrastructure program, which envisions comprehensive packages worth $1 trillion, affects the regulatory environment of crypto-currencies. The accompanying industry-specific laws are expected to raise more tax dollars.…

What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact weekly review. The merging of the old and new financial worlds is becoming increasingly visible. Established service providers are integrating digital assets into existing structures. Traditional exchange operators are also represented in the field. The Stuttgart Stock Exchange (BSDEX) already has a fully regulated trading venue for crypto assets. In an interview with CVJ.CH, Managing Director Sebastian Warnke goes into more detail about the strategy of Germany’s second-largest securities exchange. According…

What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact weekly review. Fundamental developments in the field of digital assets are sometimes overlooked by the dominant headlines on their price movements. In fact, the space has made remarkable progress in recent months, with a number of established financial services firms positioning themselves in the emerging sector. JPMorgan, Goldman Sachs, Fidelity Investments and Deutsche Börse are just a few prominent names that illustrate this. All of them have noticed a growing demand…

Bitcoin USD daily basis Bitcoin USD Chart Analysis – Countermovement after Failed Break of the Support Zone The reporting week began with another test of the support zone 30’000 USD, which has already been visited many times since the consolidation. After the market moved in steady steps towards this zone in the previous week, further downward pressure led to a daily close at 30’842 USD on Monday. On Tuesday, the trend continued with another lower daily close at 29’796 USD. However, the closing price as well as Tuesday’s daily low at 29’301 USD, was within manageable range for the break…

What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact weekly review. For an extended period of time, regulatory actions in the United States regarding cryptocurrencies were perceived as hesitant. The wait-and-see attitude of the authorities had also slowed down the adoption of the technology. This circumstance had largely kept traditional financial services providers away from the field. In recent months, a strong turnaround has become evident. With increasing regulatory clarity, an accelerated entry of traditional financial institutions into the area…

What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact way in retrospect in our weekly review. In conjunction with the U.S., the U.K., Canada, South Korea, and Japan, members of the EU are also working to regulate the crypto market in a more harmonized and uniform manner. The market has reached a stage of adoption that is pushing authorities to address regulatory issues quickly. As part of the European Commission’s consultation on supervisory convergence, France’s Securities and Exchange Commission (AMF)…

What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact way in retrospect in our weekly review. U.S. financial services providers of digital assets are pushing to go public. Circle’s targeted IPO brings members of the “USDC” central consortium to the public market. The second-largest stablecoin pegged to the U.S. dollar, which is jointly managed with crypto exchange Coinbase, has surged in popularity. USDC is currently the eighth largest cryptocurrency by market capitalization. Among stablecoins, its market value is second with…

By opening its first office in Cape Town, crypto venture capitalist CV VC is driving its geographic expansion forward. Experienced startup entrepreneur Gideon Greaves heads the Zug-based incubator and blockchain investor’s office in South Africa. Over the next four years, the new hub’s goal is to invest in 100 different blockchain startups, CV VC said. The Swiss State Secretariat for Economic Affairs (SECO), as well as the Federal Department of Foreign Affairs (FDFA), are accompanying the company as partners in the important region for Switzerland. This way, the innovation hub from the Crypto Valley should be promoted internationally. High crypto…

In terms of volume, the cryptocurrency exchange Binance is the largest trading venue for digital assets in the world. The originally Chinese company has had problems with regulators in the past. Now, they are facing international pushback again. About half a year ago, the United Kingdom’s Financial Markets Authority (FCA) imposed a ban on crypto derivatives. As a result, most exchanges had to restrict their products locally. However, the FCA did not seem satisfied with Binance’s measures. Last week, the regulator noted that Binance Markets Limited “is not entitled to carry on a regulated activity in the UK”. The UK…

What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact way in retrospect in our weekly review. The advance of digital assets into the traditional financial sector is in full swing. This week, crypto custodian and Stone Ridge subsidiary NYDIG announced it would open its doors to the sector for a total of 24 million U.S. bank customers. A full-page ad with a large Bitcoin logo in the Wall Street Journal celebrated the milestone. Users will henceforth be able to buy,…

What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact way in retrospect in our weekly review. China’s attitude towards Bitcoin has always been rather reserved and unclear. Government reservations have primarily concerned services related to cryptocurrencies. Ultimately, Bitcoin’s properties are not in line with the existing restrictions on capital transactions and the advanced introduction of the digital yuan is not supposed to be competed by digital alternatives. In the past, there have been quite a few announcements in the direction…

Since the beginning of the year, China has shut down Bitcoin mining farms nationwide. On the one hand, this is an attempt by China to reduce its carbon emissions. On another, the country ostensibly wants to protect its financial system from a volatile asset. In May, senior economic officials in Beijing announced they would crack down on Bitcoin mining, trading and related services. Sichuan province – known as the hydropower epicentre of China – ordered state-owned power plants to stop supplying more than 20 mining operations. The recent ban not only affected the Bitcoin price, but is also clearly evident…

What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact way in retrospect in our weekly review. Digitization is having an impact on many aspects of our lives, especially in our day-to-day dealings involving payment methods. A trend away from cash was already evident before Corona and was further accelerated by the pandemic. While most mobile payment solutions are developed by private providers, central banks are also exploring payment infrastructure 2.0. Projects for central bank digital currencies (CBDCs) now exist around…

What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact way in retrospect in our weekly review. Bitcoin is gaining popularity as an alternative investment to diversify portfolios. Here, the focus is strongly on its programmed scarcity, which leads to inflation protection. Other utilities of the cryptocurrency, such as cross-border peer-to-peer payments and easier transfer of value for unbanked people, have tended to take a back seat in the first world. This week, the South American country of El Salvador decided…