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.
Author: Editorial Office CVJ.CH
Editorial Office CVJ.CH
The CVJ editorial staff consists of a team of Blockchain experts and informs daily and independently about the most exciting news.
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The multifaceted NFT market has repeatedly made it into the headlines of traditional media in recent months. The majority of the trading volume is on the OpenSea platform. Among other crypto exchanges, Coinbase is now venturing into the space. Non-fungible tokens (NFTs) have become the zeitgeist of the crypto market. Blockchain tokens come in the form of a crypto asset that represents ownership of something unique that cannot be exchanged. Thus, they are particularly popular in the art industry and are increasingly penetrating other sectors. Monthly trading volumes, while down slightly, remain in the billions of dollars. The bulk of…
The digital assets sector has become a billion-dollar market and is visibly penetrating the traditional financial world. Titled “The Future of Digital Assets,” an event on the topic was held in Zurich last week, as more and more institutional investors have started to invest in crypto assets. Crypto assets, or digital assets, are experiencing tremendous growth. More and more institutional investors are investing in this new asset class, and a number of established financial institutions now recognize crypto assets as a promising investment area. In the meantime, a broad ecosystem with corresponding products and services has developed around the emerging…
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.
Bitcoin USD daily basis Bitcoin USD Chart Analysis – All-Time High Approaching Bitcoin posted impressive gains during the reporting week, which ultimately lifted the price above the dominant resistance zone in the USD 52.000 area. Already on Monday, a potentially bullish dominated week was announced with the breakout through the 48,000 resistance. Bitcoin last failed in this zone just below the 50’000 mark in mid-September. With a daily close of $49,271, the market showed on Monday that despite the previous week’s price surge, there are no signs of fatigue in the recent uptrend. Accordingly, the positive momentum was reinforced on…
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.
FinTech company Auto1 is launching the first car financing on a blockchain across Europe. This is a significant step towards the complete mapping of vehicles, as smart contracts on the Ethereum network replace paper and manual processes. The company is abolishing any manual input and paper processes in its core business – car financing – with immediate effect: all documents, files and processes related to the financed cars are now based on smart contracts – and this throughout the entire lifecycle of the vehicles. Auto1 FT is thus the first car financier in Europe to convert its entire ecosystem to…
The investment firm of the well-known hedge fund manager George Soros has confirmed that the fund trades in Bitcoin and other cryptocurrencies. However, the family office is mainly interested in the application cases of DeFi and similar financial instruments. In 2018, the investment firm received the green light for crypto trading for the first time. This was despite the rather critical attitude of the billionaire philanthropist due to the high volatility of the sector. However, how the Soros Family Office has been positioned since then has never been disclosed. In an interview with Bloomberg, CEO and CIO Dawn Fitzpatrick revealed…
Bundesliga International has entered into a cooperation with NFT fantasy football game and digital company Sorare.
Major Swiss bank Credit Suisse is partnering with Geneva-based blockchain startup Taurus to tokenize shares in an Alpine resort. Private placement of Alaïa digital shares is planned. In the process, the company operates a hotel and a couple of chalets in Crans-Montana. A few months ago, the Swiss Financial Market Supervisory Authority (FINMA) approved the first regulated marketplace for digital assets. Now, the new legal amendment for tokenized securities, which came into force on February 1, 2021, is being implemented on the platform for the first time. In collaboration with major Swiss bank Credit Suisse, tokenized shares of Alaïa Alpine…
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.
The number of extortionists demanding cryptocurrencies as ransom increased by 30% last year. Now anonymous cyber money should be banned in Switzerland, demands SP faction leader Roger Nordmann, among others.
Bitcoin USD Chart Analysis – Sustainable Overcoming of the 50’000 Level Fails The reporting week should show whether the previous week’s sell-off at the 40’000 USD level will come to an end. On Monday, the Bitcoin price came under pressure once more, after a two-day stabilization in the area of 43’000 USD. Although a higher level of 44’366 USD was reached for the time being, sales in the second half of the day led back to 42’171 USD by the end of the day. A further decline on Tuesday brought the price at 41’030 close to the important support zone…
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.
End of November, Swiss Post will launch the “Swiss Crypto Stamp”, the first crypto stamp in Switzerland. It is a digital representation for a physical stamp and will be issued on the Polygon Blockchain. This marks a milestone in Swiss stamp history. The crypto stamp consists of two parts. First, it is a physical stamp worth 8.90 francs. Second, each crypto stamp contains a digital image associated with it. The digital image shows one of 13 possible subjects, and can be collected, exchanged and traded online. With the Swiss Crypto Stamp, Swiss Post is also building a bridge between the…
For the first time, a Swiss company is offering investors access to 25 crypto ETPs on the leading Swiss exchange SIX. 21Shares AG, the world’s largest issuer of cryptocurrency ETPs, is now listing two additional ETPs on the SIX Swiss Exchange. These are the new crypto index 21Shares Crypto Basket Equal Weight ETP (ticker: HODLV) and the 21Shares Crypto Basket 10 ETP (ticker: HODLX). This brings the ETP provider’s total number of SIX-listed products to 25 and once again underscores its leadership in crypto ETP development. Jane Street is providing the seed capital and acting as an authorized participant for…
There’s growing buzz around so-called Decentralized Physical Infrastructure Networks (DePIN) to potentially help current AI technology scale.
Basically, any application that includes functions for storing and handling cryptocurrencies can be called a…
