Author: Editorial Office CVJ.CH

Together with the Stuttgart stock exchange, several German companies have joined forces to develop a blockchain-based financing method for industrial capital goods. In addition to technical feasibility, the project also includes legal and regulatory aspects. All partners involved in the project have already gained initial experience in the blockchain space. The Stuttgart stock exchange opened a trading center for digital assets in 2019 and offers custody services for Bitcoin and Co. through a subsidiary. Daimler Mobility and Technology partner 51nodes cooperate in creating the mobility blockchain platform. Bosch has also been working with the IOTA Foundation for some time. Financing…

Although there are major structural differences between crypto-financial products on the market, all issuers may have one thing in common in recent weeks: Since mid-July, there has been a significant increase in demand for digital currencies. In Switzerland itself, 21Shares AG (the leading issuer of passive investment products for Bitcoin and other crypto-currencies) has exceeded the CHF 100 million threshold (assets under management) for the first time since its foundation two years ago due to the increase in demand. In the first two weeks of August alone, 21Shares AG saw more than CHF 18.5 million in trading volume in the…

If you want to make sure that your Bitcoins and crypto assets are not lost after death, you need a watertight estate plan. A not quite simple undertaking, as Marc Steiner writes in his new guidebook. In his first book, digital expert and Bitcoin advisor Marc Steiner shows how crypto assets can be safely stored and inherited. Readers receive the necessary knowledge about the advantages and disadvantages of the various options and technologies. They are then able to create their own personal inheritance plan. To ensure that nothing is forgotten in the process, Marc Steiner provides a free online tool…

Asia’s leading digital asset platform received approval for an automated trading and market license for digital assets. This is a big step forward for crypto-adoption in Hong Kong. Hong Kong’s Financial Services Authority made the general decision to grant Asia’s Digital Asset Platform OSL the license to conduct crypto-related business. This decision is the first step in the full licensing process, whereby the applicant must meet one or more requirements of the Hong Kong Securities and Futures Commission to obtain a license. The Securities and Futures Commission (SFC) of Hong Kong is the independent legislative body charged with regulating the…

Blockchain software company ConsenSys this week entered into a strategic deal with the largest bank in the USA, JPMorgan Chase. JPMorgan invested in the software manufacturer and also handed over the Quorum block chain platform to them. The banking giant has been working closely with ConsenSys and other block chain companies since the founding of the Enterprise Ethereum Alliance (EEA) in 2017. Since the launch of Quorum in 2016, ConsenSys and J.P. Morgan have worked together to make Ethereum the platform of choice for companies developing secure and adaptable enterprise networks on a large scale. KPMorgan currently employs a team…

The largest digital asset-manager, Grayscale Investments, published a study on Bitcoin last week. In it, the asset-manager explains why they consider the largest crypto-currency to be an attractive investment and why the next “bull-run” could be imminent. Grayscale Investments is the world’s largest investment manager for digital currencies and by its own account, manages more than $5.8 billion (as of August 2020). To illustrate the importance of Bitcoin, the most recently published study begins with a dive into the monetary history of the U.S. According to the opinions of U.S. asset manager’s, the current financial structure and inflation have major…

A start-up from Crypto Valley enables the first automated transaction of Crypto Assets between two financial intermediaries in Switzerland, in compliance with the Money Laundering Ordinance of the Swiss Financial Market Supervisory Authority FINMA. In June 2019, the FATF, the global supervisory authority for money laundering, published its guidelines for handling virtual currencies. These include the “Travel Rule”. This recommendation, introduced in 2012, requires the exchange of client data between financial intermediaries. Facts FATF “Travel Rule” The Financial Action Task Force (FATF), an intergovernmental organisation based in Paris delivered its recommendations on 21st June with regard to the fight against…

Bitcoin/USD daily basis Bitcoin USD – consolidation near recent highs The reporting week was characterized by a downward trend. Although a breach of the USD 12,000 mark was achieved on Monday, this breakout already marked the high for the week. The Bitcoin price reached a daily high of just under USD 12,400 and a closing price of around USD 100 below this. Already on Tuesday a correction followed with a daily low of USD 11,800 and a closing price just below the USD 12,000 mark. From Wednesday until the end of the week, narrower trading ranges were recorded with lower…

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. We are undoubtedly in a time of change. Digitalization will fundamentally change industries. Karen Wendt on digital assets, block chain and tokenization. New blockchain generation: Knowledge and experience drive the technology forward. Developers are constantly faced with the challenge of finding the right and sensible balance between trust, accuracy, cost, usability and benefit. An introduction to the Polkadot project. The American software company MicroStrategy,…

November 3rd is approaching. The day when the U.S. will decide whether Donald Trump can begin his second term in office. In the presidential election, the postal vote plays an important role. Now the US Postal Service has applied for a patent for a blockchain-based voting system. The U.S. President Donald Trump had repeatedly made negative comments about the postal vote. In his opinion, they would be susceptible to fraud. However, due to the corona pandemic, most U.S. states expect significantly more postal voters. Some people think the Republicans fear that the Democrats could benefit from the expansion of postal…

One million South Koreans have given up their physical driver’s licences in favor of a blockchain-driven digital alternative. According to current usage statistics, blockchain driving licences are already enjoying great popularity. The program – to be able to use blockchain driving licences from now on – was only launched in May. Nevertheless, one million South Koreans have already opted for a licence based on Blockchain. In South Korea, this corresponds to more than 3% of the total driver population, which, according to Statista, comprised 32.6 million drivers with driving licences in 2019. This is the first authorized digital ID card…

Since a change in the law in March 2020, digital assets are recognized as such in South Korea. KB Kookmin Bank has now entered into strategic partnerships to further develop this emerging market and provide crypto-custody services. More and more major banks are focusing their strategy on digital assets. In 2017, the South Korean government had still banned domestic ICOs. Today, digital assets are not only recognized in South Korea, but have recently also been classified as taxable. The change in the government’s regulatory stance was a sign for South Korean banks to start dealing with digital assets as well.…

EIP-1559 is an upgrade for the Ethereum protocol that solves the problems of volatile gas fees and Ether inflation.

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. Fidelity Digital Assets, the subsidiary of financial services giant Fidelity Investments, has published the first report of its Bitcoin investment thesis. The report describes Bitcoin as an emerging value investment and compares it to asset classes such as gold. The term “token” is often encountered in the world of crypto-currencies. It can be assumed that tokenization will fundamentally change our current financial system. Yves…

Fidelity Digital Assets, the subsidiary of one of the world’s largest asset managers, has published the first report of its Bitcoin investment thesis. The report describes Bitcoin as an emerging value investment and compares it to asset classes such as gold. Fidelity Investments is a US financial services company that currently manages over $8 trillion in assets. Two years ago they established a subsidiary, Fidelity Digital Assets, which provides custody and other digital asset management services. Last week they published the first part of their “Bitcoin Investment Thesis”. Bitcoin can mean different things to different people. Why Bitcoin is bought and stored…

Sector Analysis July 2020 Index Performance In terms of USD performance, all major FTX Indices (ALT/MID/SHIT) performed very well throughout the entire month – ALT Index :+36%; MID Index: + 28%; SHIT INDEX: + 19%. All ALT constituents (9 coins) showed a positive performance. Within the MID constituents (24 coins), performance was mixed: 17 coins performed positively, whereas seven coins were negative. The performance of SHIT constituents (50 coins) was also very mixed. Only 24 coins showed a negative performance; 36 coins are up. On the graphs below, you will find more $ performance values for each coin within the…