Author: Redaktion cvj.ch

Bitcoin USD daily basis Bitcoin USD Chart Analysis – New all-time high On Monday, the bitcoin price moved within a narrow trading range at the 19,000 zone. At that point, investors were looking back at a 14-day consolidation phase after the all-time high of 2017 was surpassed for the first time. Only three days earlier, the price reached the lowest point of this short consolidation at around USD 17,500. The quick recovery to the highs were a first sign that the bulls did not want to hand over the handle yet. On Tuesday, the trading picture was similar to the…

Major U.S. bank JPMorgan believes that recent developments such as insurance company MassMutual investing in Bitcoin underscore increased institutional interest and anticipates $600 billion in potential demand. Larger institutional Bitcoin investments have been seen scattered through 2020. In particular, companies directly related to digitalization, such as MicroStrategy or Square, stood out. Last week, MassMutual became the first insurance company to enter the world of crypto assets. According to JPMorgan strategist Nikolaos Panigirtzoglou, this is an important milestone. Bitcoin in portfolios of pension funds and insurance companies MassMutual’s $100 million investment suggests that bitcoin adoption is spreading from family offices and…

Sygnum has successfully tokenized its shares, becoming the world’s first bank to issue its shares on a distributed ledger. Tokenization of its own shares lays the foundation for their future public offering, which includes a potential dual listing in partnership with SIX Digital Exchange (SDX). In a world’s first for a bank, Sygnum today announced the successful tokenization of its own shares using its in-house tokenization platform, Desygnate. Put simply, this means that digital representations of their shares, together with associated legal rights and obligations, have been created and are immutably accounted for on a distributed ledger. Share tokenization: a…

Bitcoin USD daily basis Bitcoin USD Chart Analysis – Short correction after cracking the all-time high On Monday, the bitcoin price moved within a narrow trading range at the 19’000 USD area. We recall that the week before, the all-time high of 2017 was exceeded with nearly 20,000 USD. Tuesday was dominated by declines and led the price back to 18’295 USD at the end of the day. The course of trading on Wednesday, Thursday and Friday was influenced by further selling pressure, which resulted in lower daily lows- and highs on each day. On Friday, the weekly low of…

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. A surge of institutional interest in the cryptocurrency Bitcoin is making headlines once again this week. The first company to incorporate Bitcoin into its treasury strategy on a large scale was business intelligence firm MicroStrategy. A few months ago, the company invested $250 million of its cash reserves in the cryptocurrency. According to CEO Michael J. Salor, many assets were considered, however, Bitcoin was…

MicroStrategy is looking to issue USD 550 million worth of convertible notes in order to increase its investment in Bitcoin. The business intelligence firm already owns 40,824 Bitcoins, which is equivalent to about $750 million. MicroStrategy is a publicly traded company (NASDAQ:MSTR) in the business intelligence industry. It first attracted attention in mid-August after announcing that it had allocated a portion of its $250 million in cash into Bitcoin. A press release this week has now indicated that MicroStrategy intends to issue $400 million in senior convertible notes – for the sole purpose of acquiring more Bitcoins. After exercising a…

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’s 2017 all time high varies significantly depending on the exchange, ranging from $18,240 to $21,163 across 10 USD trading pairs. A new 6-month high for Bitcoin-Dollar trade volume was reached this week, surpassing $2 billion in a day. Order book depth on the ask side of the book collapsed as traders bought the dip during Bitcoin’s sharp mid-week…

In this weeks trading, the Bitcoin price reached a higher level than its all-time high reached in the Bullrun 2017. In the three-year interim phase, investors needed resilience, however, fundamental factors underline the price increase. At various crypto exchanges the all-time high in the Bitcoin price was cracked. Bitcoin trades momentarily lower again, however the intraday breakaway over the all time high was symbolic for the transformation, which the oldest cryptocurrency was able to accomplish over the last years. The journey that Bitcoin has already taken in its short lifetime is quite remarkable. The limited offer, the deflationary structure, as…

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…