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 way in retrospect in our weekly review. With the latest Bitcoin price increase which came close to the old high of $20,000, the crypto currency is once again a topic of conversation in traditional financial media. PayPal CEO Dan Schulman and Bitcoin enthusiast Anthony Pompliano were asked by CBNC about the development of the ” digital gold”. In an interview, the Chief Investment Officer (CIO) of BlackRock, which is the world’s…

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 Bitcoin price set new yearly highs for the fourth consecutive week and is now over USD 18,000, close to the all-time high of 2017/18. Behind this year’s price increase is a growing interest from the institutional world that is discovering Bitcoin as a store of value. These developments were made possible by favorable regulatory decisions, which recognized crypto currencies as a dedicated asset…

A summarizing review of what has been happening at the crypto markets of the past week. A look at trending sectors, liquidity, volatility, spreads and more. The weekly report in cooperation with market data provider Kaiko. This week in the cryptomarkets: Bitcoin now exceeds 100% YTD returns as the asset holds steady above $15k, its highest level since January 2018. The launch of Ethereum 2.0’s deposit contract propelled many of the DeFi tokens built on the blockchain to positive week-on-week returns for the first time since September. FTX’s election betting markets experienced wild volatility, with the exchange’s TRUMP future climbing…

One of the larger exchanges for crypto derivatives, offers twelve tokenized shares on its platform. Stocks of companies such as Apple, Amazon and Tesla can now be traded directly against cryptocurrencies. Yesterday, the Hong Kong-based crypto-derivatives exchange FTX announced to offer tokenized versions of some of the largest stocks by market capitalization, Bloomberg reports. These are security tokens that represent a fraction of a stock. They can also be redeemed for the underlying securities held by its partner CM Equity. How the tokens work A security token is a representation of a real asset on a block chain. These tokens…

Bitcoin USD daily basis Bitcoin USD – Breakthrough through 12’000 leads to new annual highs On Monday, Bitcoin was able to gain ground, and ended the day at a price of 11,760 USD, above the week’s high of the previous week. Tuesday also saw another green candle as the day closed at USD 11,900, just below the resistances that had formed between August and early September. This important resistance zone was broken on Wednesday, with the highest daily upward movement since July 27th. This rally took the price to a daily high of USD 13,250 and to a daily…

Bitcoin is making its way into traditional financial areas, and is increasingly perceived as an investment object. As a digital means of payment, the crypto-currency can be used occasionally, but there is a lack of applications for the broad masses. PayPal now overcomes this shortcoming. Whilst there have been rumours about this development, yesterday it became official: PayPal will soon offer its US customers the possibility of buying, holding, selling and using different crypto currencies. Beside Bitcoin, Ethereum, Bitcoin Cash and Litecoin are supported. An expansion into further countries is planned for the first half of 2021. The California-based company…

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. Lets begin with central bank issued digital currencies. Roberto Campos Neto, president of the local central bank, commented on the plans for a digital central bank currency (CBDC). This would be possible already in 2022. Crypto-secured lending started early 2017 and has been growing rapidly ever since. In a three-part series, Meltem Demirors brings the past, the present and the future of crypto-credit markets…

The Chairman of the Board of the investment firm Sanders Morris Harris and former CEO of Prudential Securities, George Ball, has changed his attitude towards Bitcoin. Why he has gone from being a Bitcoin opponent to a Bitcoin advocate over the years. In a video interview with the news channel Reuters, George Ball described himself as a long-time Bitcoin, block chain and crypto opponent. Now, however, he is of a different opinion. He told journalist Fred Katayama that Bitcoin or other crypto-currencies will soon be recognized as a safe haven. According to Ball, many wealthy investors or traders will invest…

U.S. software company MicroStrategy announced that it has acquired 21,454 Bitcoins for $250 million as part of its new investment strategy. Bitcoin is thus their primary investment to protect themselves against the devaluation of money and other assets. MicroStrategy is one of the largest companies in the field of Business Intelligence. This week, the company issued a press release in which they presented their new investment strategy. After considering many different assets, MicroStrategy concluded that Bitcoin (BTC) would be the best long-term investment. MicroStrategy: “Bitcoin is superior to cash.” According to CEO Michael J. Saylor, their decision was influenced by…

The leading telecommunications company from Austria, “A1 Telekom Austria”, will in future accept payments in crypto-currencies. The telecommunications giant, which has more than 5.4 million mobile customers and around 2.3 million fixed line customers in Austria, announced in a press release earlier this week that in future payments will also be possible in crypto-currencies, such as Bitcoin. The possibility of paying bills in digital currencies results from a cooperation with the Austrian crypto payment company “Salamantex”. More than 2,500 shops support the concept In the future, the payment method is to be integrated directly into the A1-Telekom Austria payment platform…

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. We give an overview of the current hurdles and the available tools institutional investors have to deal with when investing in crypto-currencies. The Chinese capital Beijing wants to become a “block chain hub” within the next two years and use technology to network the city’s administrative bodies. Moreover, valuation models for digital assets are not yet widely used. We present and explain two different models for valuation. Also:…

Today, private investors around the world have a variety of opportunities to become involved in digital assets. For institutional investors, this is a somewhat more difficult undertaking. An overview of current hurdles and available instruments. Particularly in Switzerland, which has been a global leader in innovation and regulation of crypto-currencies and blockchain since 2015, trading of digital currencies has been commonplace for some time and is easily accessible to individual investors. For example, a private investor can open an account at an international crypto exchange and thus directly buy Bitcoins or other crypto-values. If local access is preferred, specialized banks and financial…

Bitcoin/USD daily basis Bitcoin USD – The 9’200 USD magnet Another week of very narrow trading ranges is moving in. The USD 9,200 mark acted like a magnet. The first three days of the reporting week were marked by slightly lower daily highs and lows. On Thursday, a brief outlier marked the week’s low just below USD 9,000. The price recovered in line with this trend in the days that followed and has since returned to USD 9,200. The stalemate between bulls and bears continued for another week. Advancing to well-known resistances in micro and macro trends A veritable countermovement…

One of the most important football clubs in the world, FC Barcelona, recently launched a fan token via the Ethereum-based tokenization platform Socios. Demand far outstripped supply. The token ($BAR), which went on sale on 22 June, was sold out within two hours. The total quantity put into circulation amounted to 600,000 tokens, which were issued at a fixed price of $2.25 US dollars. After two minutes token worth over 777’000 USD sold The blockchain company Chiliz, which arranged the issue of the tokens, announced after the first week that the demand for the $BAR token far exceeded the initial…

The nature conservation group Oceana recently conducted a study on fish products. The study found that 20 percent of the samples from Norway were incorrectly labelled. By using blockchain technology, such problems should be eliminated in the future. One of the findings of the environmental group’s study was that 20 percent of the fish samples from Norway sold to consumers in the United States were mislabeled. Norway exported a total of 2.7 million tons of fish and seafood in 2019, which is worth more than 10 billion euros. This makes Norway one of the leading exporters of fish products in…

CargoSmart Limited is working with one of the largest shipping companies in the world (CISCO Shipping Lines) as part of a Shipping-blockchain pilot project. The aim is to make sea freight data and delivery status visible at any time. Blockchain technology allows the automatic forwarding of information that cannot be changed afterwards. CargoSmart will record sea freight data onto the blockchain, which enables trading partners to independently view the delivery status at any time. According to the company, measurable successes have already been achieved in the processing time of shipments. This Blockchain pilot project offers real-time exchange of shipment data…