Crypto Valley Journal - English (2024)

28/02/2023

Since the successful integration of the Ethereum mainnet with the Beacon Chain – also known as Merge- the Proof of Stake (PoS) consensus algorithm secures the largest smart contract network. The Shanghai upgrade (EIP-4895) in the coming weeks will allow stakers to withdraw their Ether.

In our article we cover:

✅ Withdrawals for ETH Stakers with EIP-4895
✅ More improvements in the Shanghai Upgrade
✅ Load distribution through sharding
✅ What does the Shanghai Upgrade mean for staking derivatives?

To read more, click the link in our bio.

28/02/2023

Crypto exchange Kraken has been ordered to pay $30 million in compensation by the US Securities and Exchange Commission. According to the SEC, crypto-staking services constitute investment contracts under US securities laws and must be registered as such.

In our article we cover:

✅ Kraken US discontinues staking services
✅ Crypto-staking ban for retail customers?

To read more, click the link in our bio.

14/02/2023

Despite a nationwide ban on cryptocurrencies, possession of cryptocurrencies is on the rise in Morocco. Over 3.1% of the total population of Morocco owns some form of cryptocurrency, making the country one of the front-runners in Africa in terms of crypto adoption.

In our article we cover:

✅ Moroccan central bank’s wait-and-see strategy
✅ Crypto regulation: a chance for Morocco?
✅ Ongoing crypto adoption in Africa

To read more, click the link in our bio.

13/02/2023

South African retailer Pick n Pay has announced that all 1,628 stores across the country are now accepting Bitcoin payments over the Lightning Network. This step follows a successful three-month test phase in 39 branches.

In our article we cover:

✅ Pick n Pay’s long-standing Bitcoin project
✅ South Africa increasingly crypto-friendly

To read more, click the link in our bio.

08/02/2023

The Swiss National Bank (SNB) has been experimenting with the possibilities of central bank digital currencies (CBDC) for a considerable time. As a result, the SNB was one of the first central banks to recognize the data protection problems associated with a central real-time register of all financial transactions.

In our article we cover:

✅ SNB is researching applications of a CBDC
✅ Data protection through complex cryptography

To read more, click the link in our bio.

07/02/2023

Moody’s Corp, one of the three largest rating agencies in the United States, is working on its own rating system for stablecoins. The process will rate up to 20 stablecoins based on the quality of their reserve certificates.

In our article we cover:

✅ A tricky asset class
✅ Moody’s analyzes stablecoin reserves

To read more, click the link in our bio.

03/02/2023

In light of the increasing digitalization worldwide, the European Central Bank (ECB) has been exploring the possibility of introducing a digital Euro since 2021. The digital Central Bank Currency (CBDC) is intended to serve as an alternative to cash and other digital payment means. An updated timeline.

In our article we cover:

✅ Accessibility and interoperability
✅ Broad market participation
✅ Supervised intermediaries as central players

To read more, click the link in our bio.

02/02/2023

Stablecoins are systemically important to crypto markets, but they are coming under increasing scrutiny both inside and outside the industry. In this article, we explore the “three stablecoin problem” and examine the interactions between BUSD, USDC, and USDT.

In our article we cover:

✅ Various redemption mechanisms
✅ Volumes develop dynamically
✅ Curve liquidity still leading the way
✅ DEX trade flows
✅ Conclusion

To read more, click the link in our bio.

02/02/2023

The Bitcoin Lightning Network is gaining popularity worldwide due to various initiatives. Switzerland, as home to the Crypto Valley, is at the forefront of this trend. Swiss fintech firm Mt Pelerin aims to support this ecosystem with its own all-in-one solution.

In our article we cover:

✅ Lightning: a scaling protocol for Bitcoin
✅ Easy integration via Swiss service providers

To read more, click the link in our bio.

28/01/2023

A challenging year has come to an end as the blockchain industry had to endure various multi-billion dollar company collapses and fraud scandals. The most important developments of the past year in a compact review of the year 2022.
In our article we cover:

✅ The final push of the bull cycle
✅ Terra/Luna: a $60 billion construct collapses
✅ The stone gets rolling
✅ A technological milestone amidst the tumult
✅ Crypto regulation gains global traction
✅ Credit crisis ends in crypto’s “Lehman Moment”
✅ Sustainable growth as an effect

To read more, click the link in our bio.

28/01/2023

Some people think of crypto as purely an investment opportunity. A highly volatile asset class that comes with risk, but eventually the returns will be worth it. However, this perception is somewhat naive, as it ignores one of crypto’s biggest use cases: financial freedom.
In our article we cover:

✅ Brazilian Real lost over 200% in value
✅ Turkey struggles with extreme inflation
✅ Mexico’s increased crypto use
✅ Use Cases for the Critics

To read more, click the link in our bio.

24/01/2023

The co-founders of the US cryptocurrency exchange Gemini are accusing the Digital Currency Group (DCG) of “maliciously delaying tactics” in connection with $900 million in debts owed to their customers. DCG CEO Barry Silbert denied the allegations and said that DCG had never missed a payment to Genesis.

In our article we cover:

✅ Generating returns through lending
✅ Accusations against the parent company DCG

To read more, click the link in our bio.

21/01/2023

A small unknown credit union in California has emerged as a key banking partner for the biggest players in the US cryptocurrency industry, but the success of Silvergate Bank appears to have been cut short by the collapse of the FTX exchange and the resulting mistrust in the sector.

In our article we cover:

✅ Former innovator in the field
✅ A deadly quarter for Silvergate
✅ The future looks uncertain for Silvergate

To read more, click the link in our bio.

19/01/2023

The hype around non-fungible tokens (NFTs) has created an endless number of new projects in 2022. After the various collapses in the industry, many of these digital images found no buyers. The majority of NFT collections experienced the first bear market – what’s next?

In our article we cover:

✅ Behavior in the NFT bear market
✅ “Blue Chips” continue to dominate
✅ New NFT marketplaces

To read more, click the link in our bio.

09/01/2023

A month after the Chapter 11 bankruptcy filing of the FTX/Alameda construct, authorities in the Bahamas have arrested founder and former CEO Sam Bankman-Fried. The arrest came one day before scheduled hearings in the U.S. Congress

In our article we cover:

✅ Various fraud claims against former FTX CEO
✅ Extradition to the United States

To read more, click the link in our bio.

04/01/2023

Blockchain, the best-known type of distributed ledger technology (DLT), has evolved enormously since 2009 when Bitcoin first nestled itself in the public consciousness. The objective of DLT is to enable us to trust the message, not the messenger.

In our article we cover:

✅ The foundation: Layer 1
✅ Scaling through Layer 2
✅ An infrastructural “Layer 0”
✅ Conclusions

To read more, click the link in our bio.

29/12/2022

The South African Central Bank (SARB) has published guidelines for local banks to conduct business with cryptocurrencies and cryptocurrency companies. In addition, the governor of SARB stated that they do not consider cryptocurrencies as a means of payment but as an investment.

In our article we cover:

✅ Risk assessment, not avoidance
✅ CBDC many years away

To read more, click the link in our bio.

27/12/2022

Blockchain, the best-known type of distributed ledger technology (DLT), has evolved enormously since 2009 when Bitcoin first nestled itself in the public consciousness. The objective of DLT is to enable us to trust the message, not the messenger.

In our article we cover:

✅ The foundation: Layer 1
✅ Scaling through Layer 2
✅ An infrastructural “Layer 0”
✅ Conclusions

To read more, click the link in our bio.

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26/12/2022

The Capital Markets and Technology Association has generated excitement among Swiss banks with a novel settlement mechanism for tokenized investment products. Their new proof of concept is expected to be an innovative and forward-looking milestone for the Swiss financial sector.

In our article we cover:

✅ Introduction of a Proof of Concepts
✅ Tokenization in the Swiss financial center

To read more, click the link in our bio.

23/12/2022

FTX’s sudden collapse has increased calls for regulation of the industry around the world, since the incident has exposed the need for clear and sensible guidelines. In the US, politicians are now demanding oversight by both the Securities and Exchange Commission (SEC) and the Commodities and Futures Trading Commission (CFTC).

In our article we cover:

✅ CFTC bill allows sharing of regulatory responsibility
✅ Authority mainly lying with the SEC

To read more, click the link in our bio.

22/12/2022

The collapse and “contagion effect” on the crypto markets has prompted the European Central Bank (ECB) to call for expanded regulation. Even before the Markets in Crypto Assets Regulation (MiCA) has come into force, Christine Lagarde calls for an extension to DeFi, Lending and Staking.

In our article we cover:

✅ Presumptuous successes
✅ Expansion to Staking and Lending
✅ Would MiCA have prevented FTX?

To read more, click the link in our bio.

22/12/2022

Despite the prevailing bear market in the crypto sector, the second-largest Japanese bank (Sumiromo) wants to further establish itself in Web3. Therefore, it intends to issue its own soulbound token to verify identities in a new way.

In our article we cover:

✅ Identity verification enabled through blockchain
✅ Soulbound tokens gaining popularity
✅ Japan ramping up web3 efforts

To read more, click the link in our bio.

22/12/2022

The United Kingdom HM treasury has committed itself to establishing a safe framework for the use of stablecoins. The “FSM Bill” plans to expand on current crypto asset regulations to establish clear rules for the new technologies.
In our article we cover:

✅ Further stablecoin regulation in the UK
✅ A future crypto hub?

To read more, click the link in our bio.

15/12/2022

After high-profile bankruptcies of a wide variety of crypto companies, ECB General Director Ulrich Bindseil feels called to share his view in a central bank blog post. After the speculative bubble, he suspects Bitcoin will fade into irrelevance.

In our article we cover:

✅ End of the speculative bubble
✅ Bitcoin rarely used for legal transactions
✅ Regulation provides false security
✅ Competition for the digital euro?

To read more, click the link in our bio.

15/12/2022

A recent survey on the topic of central bank digital currency (CBDC) development in Africa gives some fresh insight into their evolution and regulators’ motivations and concerns. Nonetheless, analysts worldwide are raising questions about CBDC implementation, be it in Africa, China, or the U.S.

In our article we cover:

✅ African CBDCs: The what and why
✅ Status report on CBDCs in Africa
✅ Visible cracks in the infrastructure

To read more, click the link in our bio.

14/12/2022

ESG or ethical investment is a form of investment in which attention is paid to various factors. Not only economic but also socio-economic and sustainable principles play a major role. Can Bitcoin & Co. fulfill common ESG standards?

In our article we cover:

✅ Proof-of-Work and Bitcoin’s energy problem
✅ Crypto Climate Accord
✅ Financial inclusion
✅ Illicit activities
✅ Governance
✅ Use of EIP/BIP
✅ Similar concepts in DeFi
✅ Conclusion

To read more, click the link in our bio.

14/12/2022

FTX’s sudden collapse has increased calls for regulation of the industry around the world, since the incident has exposed the need for clear and sensible guidelines. In the US, politicians are now demanding oversight by both the Securities and Exchange Commission (SEC) and the Commodities and Futures Trading Commission (CFTC).

In our article we cover:

✅ CFTC bill allows sharing of regulatory responsibility
✅ Authority mainly lying with the SEC

To read more, click the link in our bio.

30/11/2022

The crypto industry is once again being put to the test. FTX/Alameda and its collateral damage are leaving their mark and calling regulators around the world to action. Pirro Morandi, Head Client Relationship Management & Sales at InCore Bank shares his outlook for the digital asset space.

In our article we cover:

✅ Mr. Morandi, do you still believe in the future of digital assets despite negative headlines?
✅ InCore Bank is considered a traditional transaction bank – at the same time you offer digital asset banking. No contradiction?
✅ What sets InCore Bank apart from its Swiss competitors?
✅ What are you specifically thinking about?
✅ Stricter regulations are being called for all over the world. What is your position on this issue between innovation and safety?
✅ How complicated is the integration of digital assets into the core banking system?
✅ Any advice for banks that are still cautious about digital assets?
✅ What is coming next for InCore Bank?

To read more, click the link in the bio.

30/11/2022

The revelation of a 10 billion deep balance sheet hole and the subsequential bankruptcy filing of FTX, formerly the second largest crypto exchange, shakes the entire industry. A story of success, hubris, debt and fraud on a billion-dollar scale comes to a tragic end.

In our article we cover:

✅ From 32 billion valuation to 0 in under ten days, the short version
✅ The beginnings of Alameda Research and FTX
✅ FTT token: manipulability of the in-house token is becoming a downfall
✅ The stone starts rolling
✅ Negotiations with Binance quickly fizzle out
✅ Financial fraud on a large scale?
✅ An illustration of crypto exchanges’ lack of transparency
✅ Recent developments in the FTX case

To read more, click the link in the bio.

29/11/2022

First came the Terra collapse. Then the bankruptcies of the centralized lenders. And now the insolvency of FTX, once the second largest cryptocurrency exchange in the world. A market analysis of the exchange’s own token FTT and its role during the spectacular blow-up.
In our article we cover:

✅ Recent events around FTX
✅ FTT: A cursed concoction
✅ An illiquid token
✅ The collapse of the FTT token
✅ Users in trouble
✅ Subsidiary of FTX becomes a downfall
✅ A marking event for the entire industry

To read more, click the link in the bio.

Crypto Valley Journal - English

28/02/2023

28/02/2023

14/02/2023

13/02/2023

08/02/2023

07/02/2023

03/02/2023

02/02/2023

02/02/2023

28/01/2023

28/01/2023

24/01/2023

21/01/2023

19/01/2023

09/01/2023

04/01/2023

29/12/2022

27/12/2022

26/12/2022

23/12/2022

22/12/2022

22/12/2022

22/12/2022

15/12/2022

15/12/2022

14/12/2022

14/12/2022

30/11/2022

30/11/2022

29/11/2022

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