Author: Editorial Office CVJ.CH

With over $1 billion in new investments, the world’s largest digital asset manager, Grayscale Investments, has seen the largest quarterly inflow of new investments ever. This is the third record quarter in a row. According to its recently released quarterly report, the New York-based investment firm now manages nearly $6 billion in digital assets. These assets are spread across its ten investment products, designed to provide institutional investors with access to the crypto-market. Bitcoin remains the most popular currency The Grayscale Bitcoin Trust still accounts for approximately 70% of all investments, which is approximately $720 million this quarter. Inflows into…

US asset manager Stone Ridge Asset Management has announced that they have acquired 10,000 Bitcoin worth $115 million. According to the company, the subsidiary that holds its Bitcoins now manages over $1 billion in digital assets. The New York Digital Investment Group (NYDIG) was founded three years ago as a subsidiary of the USD 10 billion asset manager Stone Ridge Asset Management (SRHG). The spin-off focuses on offering digital assets and their custody for institutional investors. Yesterday, Forbes reported that NYDIG announced that they have received an additional $50 million in growth capital. At the same time, parent company Stone…

To promote the digital Yuan, the Chinese city of Shenzhen will give away 10 million Yuan ($1.5 million) to residents as a public promotional gift. Recipients will be able to use their digital Yuan in 3,389 stores starting next week. The Chinese city of Shenzhen has decided to give away a total of 10 million Yuan ($1.5 million) in the digital currency of the Chinese central bank (CBDC) to 50,000 residents. This is part of the digital Yuan pilot program that is being implemented in several major cities in China, including Shenzhen, Guangzhou, Hong Kong and Macau. The city’s goal…

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. A weekly report in cooperation with market data provider Kaiko. This week in cryptomarkets: Bitcoin had its best week since July, gaining 6.54% and closing the week at $11,376 following news of Square’s $50 million purchase of BTC.  Coinbase continues to dominate BTC-USD trading volumes, one of the most important trading pairs for institutional investors.  Ethereum 20-day volatility fell below 100% for the first time since August but is still nearly double that of…

Bitcoin/USD daily basis Bitcoin USD – From now on claim above 10’000 USD At the beginning of the reporting week, a floor at around USD 10,500 was created. As a result; Bitcoin was able to reach USD 10,800 on Monday; and closed near the daily high. On Tuesday, levies led to a renewed test of the previously formed floor at USD 10,500. By the middle of the week, the floor formation manifested itself. On Thursday, this foundation was followed by a major rally to just under USD 11,000. On Friday, prices remained around the new mark, which gave the price…

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 European Central Bank (ECB) is continuing to press ahead with efforts to create a digital version of the euro. A working group recently published a comprehensive report on the possible introduction of a digital euro. The report weighs up the advantages and risks of a digital central bank currency (CBDC). The President of the European Central Bank, Christine Lagarde, in particular, has repeatedly…

The blockchain platform Sorare is trying to combine football cards with the blockchain technology and hopes to create a product from which many people can benefit. They are backed by a couple of prominent investors. Most people are familiar with the soccer trading cards or have had them in the past. Nicolas Julia and Adrien Montfort want to digitize and expand these cards. In an interview with Krypto-Magazin, Nicolas Julia talks about the project’s beginnings, how he came to this topic, and how it has evolved. The Project Sorare Nicolas Julia was Vice President of Operations at the French blockchain…

Sector Analysis September 2020 September was not a positive month for any of the three FTX indices (ALT/MID/SHIT). The worst performing index was the Shit Index with a negative performance of minus 24.4%. The Mid Index performed similarly with minus 23.3%, and the ALT Index closed with a minus of 17.5%. Most of the positive gains of August were nearly wiped out entirely. As you may remember, the performance of the Shit Index was very strong in August (+ 47%). Almost all ALT constituents (9 coins) performed negatively; only BNB stood out of the crowd with a positive performance of…

The UK Financial Services Authority (FCA) has announced that it intends to ban the offering of crypto derivatives and exchange-traded notes (ETNs) starting 2021 due to the high risk for retail investors. In the press release the Financial Conduct Authority (FCA) announced that it will prohibit the sale, marketing and distribution of derivatives on cryptoassets (i.e. contracts for difference – CFDs, options, futures and ETNs) to all end-users starting in 2021. The ban will take effect on 6 January 2021 and is aimed at companies operating in or from the UK. This announcement comes less than a week after the…

Contactless payments are increasingly being used even for small amounts. For this reason the European Central Bank is considering the introduction of a central bank digital currency (CBDC). A comprehensive report on the possibilities of the digital Euro appeared on Friday. The European Central Bank is continuing its work on the digital Euro. Internal tests with a central bank digital currency (CBDC) are supposed to begin in the coming weeks. Additionally, a public survey of citizens and experts from the academic and financial sectors on the advantages and disadvantages will take place on October 12. No definitive decision until mid-2021…

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. A weekly report in cooperation with market data provider Kaiko. This week in cryptomarkets: Price action this week centered around two volatility-inducing news events: charges filed against Bitmex’s founders and President Trump’s Covid diagnosis. Both announcements triggered a sharp drop in cryptocurrency markets. Despite the price volatility, Bitcoin trading volumes declined for the 4th week in a row. Stablecoin trading volume and market capitalization is on the rise. The U.S. Dollar index remained inversely…

Bitcoin/USD daily basis Bitcoin USD – Renewed assertion above 10’000 USD At the beginning of the reported week, Bitcoin approached the first resistance around USD 11,000. A rejection to USD 10,800 followed on the same Monday. Until the middle of the week, the price stayed around this zone. Thursday proved to be the day with the largest trading range of just over USD 500, with trading between USD 10,450-10,970. With another correction, Friday marked the low for the week at just under USD 10,400. At the end of the week, a slight upward trend was seen with prices above 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 way in retrospect in our weekly review. Interesting insights were provided this week by a study from the Cambridge University. In their third edition of the “Global Cryptoasset Benchmarking Study”, the authors determined that the estimated number of cryptoasset users worldwide is now around 101 million. The study also explores the growth within different sectors of the crypto ecosystem. Despite a decline in employment numbers since the 2017 peak, the “…

One of the world’s largest exchanges for crypto derivatives is being accused of circumventing anti-money laundering (AML) laws. The platform has daily trading volumes of up to USD 4 billion and offers, among other things, 100x leveraged futures contracts. US prosecutors filed criminal charges against four founders and executives of BitMEX on Thursday. Bitmex is one of the most influential derivatives exchanges for crypto currencies. The exchange is operated by HDR Global Trading Limited, a company registered in the Seychelles with offices worldwide. Months of investigation by the Commodity Futures Trading Commission (CFTC) Already in July, the news portal Bloomberg…

Yearn Finance (YFI) is a decentralized finance platform that operates as a yield aggregator on the Ethereum blockchain

Covesting is a new peer-to-peer copy trading platform that recently made its debut on PrimeXBT after an extended beta phase. During both the official rollout and the beta period, traders utilized various methods to develop their strategies and reputation, and demonstrate their skills to the trading community. Results varied just as widely, with some risk-taking traders racking up ROI rapidly, while others took a slow and steady approach for safe and sound risk management. Whatever the strategy manager ultimately decides to apply will be put to the test dynamically for all to see, thanks to the fully transparent Covesting rating…