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BIG Weekly Newsletter

September 30, 2021
Issue: No 99

A Message To The Reader

Welcome to the BIG weekly Newsletter.

This week read about how Swiss market watchdog approves first crypto asset fund, why China's Great Firewall censors crypto websites Coingecko, Coinmarketcap, Tradingview and how Swiss blockchain firm Authena raises CHF 2.3 Million in seed funding.

Each week we focus on Blockchain Education Basics, so you can improve your understanding this week the topic is Parity.

Remember to listen to our Partner Podcasts - THE SWISS ROAD TO CRYPTO with Didier Borel.

We offer a free consultation with access to the blockchain insights. Book your free consultation with us here.

Mauro Cappiello
Founder, Blockchain Innovation Group AG

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BLOCKCHAIN EDUCATION BASICS

Parity - The term parity can be used in a few ways when trading, but always as an expression of equality. The most common use of parity is in the forex market, where it signifies the point where two currencies have an equal value. That would mean that the exchange rate between the two currencies is exactly 1/1. Parity can also be used in options, when an option’s value is equal to its intrinsic value, or on exchanges when multiple bids are identical and as such equal.

BLOCKCHAIN HEADLINES

Swiss market watchdog approves first crypto asset fund
The Crypto Market Index Fund is reserved for qualified investors and classified in the category “other funds for alternative investments” presenting particular risks, FINMA stated.

THESWITZERLANDTIMES

        China's Great Firewall censors crypto websites Coingecko, Coinmarketcap, Tradingview
        China likes to censor the internet and via the combination of legislative actions and technologies enforced by Beijing, GFW exists in full force today.

        BITCOIN

        Swiss blockchain firm Authena raises CHF 2.3 Million in seed funding
        Authena, Swiss blockchain-based technology solutions provider announced that it has closed a CHF 2.3 million seed funding round from angel investors from Switzerland and the United Kingdom.

        FINTECHNEWS

        REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)

        The security token market cap surpasses $1.12 Billion
        Security token industry is firing on all cylinders, despite some intriguing market developments. As the STO market cap has now surpassed $1.12 billion, it becomes apparent demand for these assets is still rising.

        CRYPTOMODE

            S. Korea bans virtual asset services staff from trading their platform’s tokens
            Crypto services providers must set up internal processes for the conflict of interest rules within a month. Those who don’t will be facing suspension of business and up to KRW 100 million ($85,000) in penalties.

            COINDESK

                Securitize launches secondary market trading for security tokens
                Securitize launched its secondary market trading venue for security tokens, Securitize Markets, after acquiring DTM, the FINRA registered ATS and SEC-registered broker-dealer.

                LEDGERINSIGHTS

                    FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)

                    HSBC supportive of CBDC, working with 8 nations
                    HSBC Group CEO shared his views on CBDC. HSBC is already working with central banks of the UK, France, Canada, Singapore, mainland China, Hong Kong, Thailand and the UAE for research.

                    LEDGERINSIGHTS

                    CBDC22
                    China’s central bank says all cryptocurrency-related activities are illegal, vows harsh crackdown
                    The People’s Bank of China said services offering trading, order matching, token issuance and derivatives for virtual currencies are strictly prohibited.

                    CNBC

                    CBDC3
                    Thai-HK cross border CBDC cuts payment costs
                    BIS Innovation Hub published a report on Project Inthanon-LionRock Phase 2, the cross border central bank digital currency project between the Bank of Thailand and the Hong Kong Monetary Authority.

                    LEDGERINSIGHTS

                    CRYPTOCURRENCIES, DeFi and NFT

                    Bitcoin Lightning nodes and channels hit record highs
                    The number of Lightning Network nodes has increased 160% over the past 12 months, while the number of channels is up 170% since January. The node count for Bitcoin’s leading layer-two solution, the LN, has spiked to record levels following a surge of adoption.

                    COINTELEGRAPH

                    The SEC successfully put DeFI on notice
                    Unlike Coinbase, a centralized public company listed on the Nasdaq exchange, DeFi upstarts purport to be autonomous software programs running on a blockchain—a network of computer databases made airtight from tampering with cryptography.

                    QZ

                    Stablecoin launch and NFT integration back COTI’s rise to a new all-time high
                    The blockchain ecosystem has evolved significantly over the past decade as smart contract capabilities have moved the industry from being a simple medium of exchange to a bustling ecosystem full of DeFi and NFT.

                    COINTELEGRAPH

                    HUMANITARIAN & NOT FOR PROFIT

                    NFT project to donate 100% of income to help afghan women access education
                    Bookblocks.io, an NFT company has partnered with a New York-based company, Women for Afghan Women to help women in Afghanistan have access to education.

                    NEWSBTC

                        RECOMMENDED INDUSTRY REPORTS AND BOOKS

                        Digital Assets: Finstar Space magazine
                        Innovative ecosystems are emerging around digital assets. The Finstar and Hypothekarbank Lenzburg teams want to be at the forefront so that they get to know the possibilities of the technology and the customers of the new opportunities that can benefit.

                        FINSTAR

                        International Securities Services Association
                        The DLT Voice of the Customer Working Group recently conducted a survey of Asset Owners and Investment Managers to highlight where they are on their journey towards DLT based investments (tokenised assets, Crypto currencies).

                        ISSANET

                        PODCAST SERIES

                        THE SWISS ROAD TO CRYPTO PODCAST

                        In this podcast Didier Borel discovers people in Switzerland playing an active role in crypto and tech. He talks to entrepreneurs, tech innovators and disruptors shaping the future in this country. Switzerland has always played a key role in banking and has recognized the need to foster innovation.
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                        UNCHAINED PODCAST

                        Laura Shin is a crypto/blockchain journalist and host of the Unchained and Unconfirmed podcasts. As a former senior editor of Forbes, she was the first mainstream reporter to cover crypto assets full-time. She gives an overview to all experts and novices alike on the use cases making a real impact, and their vision for the future of this innovative technology!
                        Unchained podcast

                        UPCOMING EVENTS


                        BLOCKCHAIN IN FINANCIAL SERVICES
                        Oct 19, 2021
                        9:00 AM CEST
                        ONLINE
                        DIGITAL ASSETS
                        Oct 18-22, 2021
                        9:00 AM CEST


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