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BIG Weekly Newsletter

May 12, 2021
Issue: No 79

A Message To The Reader

Welcome to the BIG weekly Newsletter.

This week read about how the oldest watch factory in Switzerland relies on blockchain, why Dfinity’s ICP token sees extreme price volatility amid bevy of exchange listings and how UBS is exploring ways to offer crypto investments to rich clients.

Each week we focus on Blockchain Education Basics, so you can improve your understanding this week the topic is CRYPTO COMPLIANCE - KYC, AML, CFT, and Pending Rules.

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. Experience you can trust, service you can count on. BIG-Swiss Company – your partners in profit!

Mauro Cappiello
Founder, Blockchain Innovation Group AG

BIG SERVICES

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BLOCKCHAIN EDUCATION BASICS

CRYPTO COMPLIANCE - KYC, AML, CFT, and Pending Rules - When Bitcoin launched in 2009, one of its most appealing characteristics was anonymity for its holders. More than a decade later, that appeal remains. But to a small number of seedier individuals and organizations, this anonymity became an exploit.

BLOCKCHAIN HEADLINES

The oldest watch factory in Switzerland relies on blockchain
The development of a specific blockchain application enables DuBois et fils to make values as sustainability and historical ties in the age of digitization a credible experience.

FINTECHNEWS

        Dfinity’s ICP token sees extreme price volatility amid bevy of exchange listings
        The price volatility of the ICP token may settle down as days progress and the market matures. Dfinity’s long-awaited platform for smart contracts operating at internet speed went live on Friday, under the watchful gaze of the Network Nervous System.

        COINDESK

        UBS exploring ways to offer crypto investments to rich clients
        UBS Group AG is reportedly exploring multiple ways to bring crypto investments to its rich clients. Any of the investment alternatives the bank is going to settle for will only take a very small portion of the client’s total wealth holdings due to the extreme volatility of the asset class.

        COINSPEAKER

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

              Tokenized real estate market remains steady at $25.5 Million, as security token space continues to grow in 2021
              Security Token Market hosts live-trading data from 33 major security tokens across the globe. They also prepare and release monthly reports covering each of these assets’ performance on the secondary market.

              CROWDFUNDINSIDER

                  Polymath adds tokenise and Saxon Advisors as node operators on Polymesh blockchain
                  Polymesh is an institutional-grade permissioned blockchain created by Polymath specifically for regulated assets. Transactions involving securities need to be determined by known, trusted entities.

                  THETOKENIZER

                      Kyle Sonlin: CEO at security token market discusses potential impact of security tokens on global financial system
                      Security tokens have the ability to improve our existing capital markets while also expanding our financial ecosystem past traditional jurisdictional constraints. Through smart contract integration, we can automate much of the compliance requirements required by local and foreign regulators.

                      CROWDFUNDINSIDER

                        FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)

                        Bank of Israel to explore digital shekel CBDC
                        Bank of Israel released a working paper on a central bank digital currency (CBDC). The Bank emphasized it has not yet made a decision to launch a digital shekel but is creating an action plan to be prepared if the benefits start to outweigh the risks.

                        LEDGERINSIGHTS

                        China’s ‘Digital Yuan’ and the race for a global digital currency
                        A digital yuan acknowledges the reality that fiat currencies no longer need a deposit-based banking system in order to circulate broadly throughout an economy. It allows the central bank of China to create a bank account on behalf of every user of its currency.

                        INSIDESOURCES

                        Swiss postal bank turns up digital dazzle to arrest declining fortunes
                        The financial arm of the Swiss post office is offering clients access to cryptocurrencies and the chance to buy fractions of company shares. PostFinance has teamed up with online trading platform Swissquote to launch a digital app named Yuh.

                        SWISSINFO

                          CRYPTOCURRENCIES, DeFi and NFT

                          SEC staff calls Bitcoin ‘Highly Speculative,’ hints at ETF skepticism
                          The warning comes as high profile funds from Morgan Stanley and BlackRock begin to diversify into bitcoin through adjacent products like cash-settled bitcoin futures and Grayscale’s Bitcoin Trust.

                          COINDESK

                          New partnership sees DeFi and NFTs come to Cardano
                          As smart contracts get ready to launch on Cardano, Occam and Bondly reveal their partnership to grow NFT and DeFi use on the network.

                          CRYPTOSLATE

                          NFT firm Bitski raises $19M led by Andreessen Horowitz
                          Various creators and celebrities, including Jay-Z also participated in the investment. In total, the company has raised $23.4M to date. The company provides NFT infrastructure by enabling the creation of custom storefronts, providing a wallet and developer tools.

                          LEDGERINSIGHTS

                          HUMANITARIAN & NOT FOR PROFIT

                          Esri and IBM team up to take on climate change with Call for Code
                          Software developers and innovators around the world will take on climate change with open-source software, including Red Hat OpenShift, IBM Cloud, IBM Watson, IBM Blockchain, and data from The Weather Company.

                          BUSINESSWIRE

                              RECOMMENDED INDUSTRY REPORTS AND BOOKS

                              The rise of Central Bank Digital Currencies
                              Many countries are just now launching their CBDC pilot programs. Concerns about privacy, cross-border payments and who will be making final decisions are beginning to emerge.

                              KRAKEN

                              Cryptocurrencies for Corporate Treasury
                              Cryptocurrencies are experiencing a 'mainstreaming moment.' With companies like MicroStrategy and Tesla purchasing large amounts of bitcoin for treasury purposes, the question arises: can crypto become a suitable store of wealth for corporates and institutional investors.

                              BITCOINSUISSE

                              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

                              DIGITAL SECURITIES & TOKENIZATION SUMMIT
                              Wed, May 19 - Thu, May 20, 2021
                              1:00 PM - 7:00 PM CEST

                              ONLINE



                              POLKADOT DECODED
                              Wed, May 19 - Thu, May 20, 2021
                              4:00 PM – 11:00 PM CEST

                              ONLINE
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