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BIG Weekly Newsletter

May 28, 2021
Issue: No 81

A Message To The Reader

Welcome to the BIG weekly Newsletter.

This week read about how Switzerland is benefiting from the crypto boom, why green blockchain should work smarter, not harder and how China will likely ban all bitcoin mining soon.

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

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

CeFi - CENTRALISED FINANCE - Centralized finance, called “CeFi,” allows people to earn interest or get loans on their cryptocurrency by lending or borrowing it through a centralized corporation. These corporations are responsible for the success of their products and the well-being of their clients. Though these firms may be using a new kind of money, there is very little innovation in terms of structure.

BLOCKCHAIN HEADLINES

How Switzerland is benefiting from the crypto boom
The market for cryptocurrencies has exploded. This is shown by a look at the digital currency Bitcoin, which makes up around 50 percent of the total market for cryptocurrencies.

COMPUTERWORLD

        Green blockchain should work smarter, not harder
        The basic contours of the issue are clear. Bitcoin secures its network from a hostile takeover using proof-of-work, a process that expends significant quantities of electricity due to the computing power required.

        COINTELEGRAPH

        China will likely ban all bitcoin mining soon
        Bitcoin took investors on another rollercoaster ride after a top regulator in China announced a crackdown on mining, a new tack in the country’s ongoing fight against the cryptocurrency.

        ARSTECHNICA

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

              Coinbase ioins $5M funding round for digital transfer agent Vertalo
              The company helps to digitize assets from real estate to equity in the form of security tokens, using distributed ledger technology – relying primarily on the Tezos and Ethereum blockchains.

              COINDESK

                  Figure Securities secures regulatory approval for blockchain securities trading
                  Figure’s service will rely on blockchain technology for cap table management, the creation of security tokens, and to provide a variety of services to fund managers.

                  COINGEEK

                      Singapore to get world’s first regulated digital exchange for asset-backed tokens
                      Tokenising an asset using blockchain technology and smart contracts creates a security token that represents a share or ownership of a piece of the underlying asset, often of high value or is illiquid.

                      ITP

                        FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)

                        Bitcoin’s woes spark gov’t probes and clear way for CBDCs
                        Regulators are unwittingly increasing the likelihood that they’ll end up entering the crypto fray themselves by way of developing and deploying their own central bank digital currencies (CBDC).

                        PYMNTS

                        South African Reserve Bank launches retail CBDC feasibility study
                        The South African Reserve Bank plans to explore the feasibility of a general purpose or retail central bank digital currency (CBDC). The country was one of the first to trial a digital currency as part of Project Khokha.

                        LEDGERINSIGHTS

                        Fed acknowledges foreign CBDC, including China, is a driver for digital currency
                        Federal Reserve Governor Lael Brainard spoke about central bank digital currencies (CBDC), stating the use of a foreign CBDC for cross border payments is one of the drivers behind the Fed’s interest.

                        LEDGERINSIGHTS

                          CRYPTOCURRENCIES, DeFi and NFT

                          Goldman Sachs: Bitcoin is now considered an investable asset, clients are treating BTC as new asset class
                          Global investment bank Goldman Sachs now considers bitcoin an investable asset. “Clients and beyond are largely treating it as a new asset class”.

                          BITCOIN

                          DeFi: Kava Labs Hard Money Market V2 to add support for more digital assets, Stablecoins
                          Kava Labs, is focused on “democratizing” financial services and making them more accessible to “anyone, anywhere” across the globe, notes that when Hard Money Market V2 was introduced in 2021, BUSD had been the only asset that was available for borrowing.

                          CROWDFUNDINSIDER

                          You can now buy gold-backed NFTs with the mining carbon footprint offset
                          Digital asset wallet provider Lohko and London-based tech firm Mattereum have teamed up to launch nonfungible tokens, or NFTs, that are backed by gold and have carbon offsets attached.

                          COINTELEGRAPH

                          HUMANITARIAN & NOT FOR PROFIT

                          Christie’s to auction Andy Warhol work as NFTs
                          Auction house Christie’s will be auctioning five digital artworks created by Andy Warhol in the mid-1980s. The art will be sold as non-fungible tokens (NFTs) and all profits will go towards The Andy Warhol Foundation for the Visual Arts.

                          LEDGERINSIGHTS

                              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

                              IS THERE A FUTURE FOR PRIVATE STABLECOINS IN THE WORLD OF CBDCs?
                              Tue, Jun 22, 2021
                              5:30 PM CEST

                              ONLINE



                              CRYPTO FINANCE
                              CONFERENCE
                              Thu, Jun 16, 2021
                              2:00 PM CEST

                              ONLINE
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