The US investment bank JPMorgan, Singapore’s largest bank (DBS) and the state-owned investment firm Temasek have jointly launched a new blockchain company focused on global payments and cross-border transactions between banks. The new company called Partior seeks to digitize commercial banks’ money using the blockchain technology. It aims to reduce the existing friction in cross-border payments, transactions and foreign […]
Not much is left of the ambitious plans that Facebook presented to the public as Libra in the summer of 2019. The global corporation did not manage to dispel the concerns of critics. The evolution from currency basket “Libra” to the stablecoin “Diem”. Libra was a digital blockchain currency proposed by the American social media […]
Venmo now offers its more than 70 million customers the opportunity to buy, store and sell cryptocurrencies directly in the app. Adoption of crypto-assets as a means of payment appears to be surging, including the simplification of what was originally a complex purchase process. Starting this week, U.S. customers of Venmo will have the ability to […]
The Swiss Financial Market Supervisory Authority (FINMA) has granted financial services provider Taurus SA a securities firm license to operate a regulated marketplace for digital assets. The marketplace is intended to support any type of digital asset. With the new marketplace, the Swiss company aims to meet the growing demand from banks and issuers for […]
Morgan Stanley becomes the first major U.S. bank to offer its wealthy clients access to Bitcoin funds. The Bitcoin rally over the past year has seemingly put pressure on Wall Street to consider diversification into the emerging asset class. In an internal memo on Wednesday, the investment bank told its financial advisors about this development. […]
For the first time, a digital artwork in the form of a non-fungible token (NFT) was sold at a major auction house. The price of the painting by Mike Winkelmann aka “Beeple” was a record high of $69 million. A milestone for NFTs? “5000 Days” was the first all-digital NFT sold by Christie’s. The first time the […]
The Chinese technology company Meitu purchased millions of dollars of Bitcoin (BTC) and Ether (ETH) from its corporate reserves. Interestingly they allocated more money towards Ether ($25.75M) than Bitcoin ($19M). Meitu is the first major company to do so. The Chinese company recently announced a purchase of 15’000 Ether (ETH) and more than 379 Bitcoin (BTC). This […]
After one year of Corona, it is clear that The Crypto Valley is in robust, mature shape and on a solid foundation for further growth. This is evidenced by the latest figures in the latest CV VC Top 50 Report, which covers the period July 2020 to February 2021. At the beginning of the Corona […]
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 last 7 days in the cryptomarkets Crypto Adoption: There have been a lot of new exchange-traded products (ETPs) […]
The Crypto Valley is known to be one of the most “crypto-friendly” regions in the world. But what specifically is happening within the Blockchain ecosystem? The “Crypto Valley Roundup” aims to provide insight and highlights from selected events every two months. With the first Blockchain companies settling in the area of Zug from 2013 onwards, […]
