Author: Editorial Office CVJ.CH

The SBA wants to digitize book money and promote Swiss payment transactions with a bank-backed digital franc (BGT).

The closure of Signature Bank, which provided services to several crypto companies, represents another significant setback for the industry.

Around 8% of the stablecoin USDC’s reserves are stuck at the insolvent SVB, causing panic across the crypto markets over the weekend. 

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.

So-called non-fungible tokens (NFTs) are steadily gaining momentum. Their applications are diverse, but they focus primarily on art.

U.S. crypto bank Silvergate announces it will cease operations and voluntarily liquidate.

The ongoing legal battle between Grayscale and the SEC puts the crypto-skeptic regulator in a tight spot for the first time. 

Together for an innovative and world-leading Swiss metaverse ecosystem: 47 partners from business, science and administration found the Swiss Metaverse Association. They want to learn together, exchange ideas, create proofs of concepts, and advocate for favorable framework conditions so that Switzerland is among the world’s best as a future location for metaverse. The Swiss Metaverse Association was founded on February 27, 2023 in Bern with 47 founding members and covers the areas of business, administration, science and society as a public-private partnership. It networks relevant actors and promotes the economic and social anchoring of metaverse-based applications and activities in Switzerland.…

FTX debtors file suit against Grayscale, CEO Michael Sonnenshein, and Digital Currency Group (DCG) – the company’s owner.

The Swiss Bitcoin investment app Relai has announced a USD 4.5 million funding round led by ego death capital.

Regulatory arbitrage in the past is now significantly burdening the US arm of the largest cryptocurrency exchange Binance.

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.

NFT aggregator Blur has entered the NFT market as a new player with a successful airdrop campaign, taking over the top spot.

The TwelveFold NFT collection launched by Yuga Labs gives the Bitcoin blockchain its first renowned ordinal inscriptions.

Crypto lending is offered by lending platforms and allows getting returns or liquidity on digital assets.

Led by the Securities and Exchange Commission (SEC) and backed by other agencies, crypto companies are increasingly under scrutiny.