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BIG Weekly Newsletter

January 13, 2022
Issue: No 114

A Message To The Reader

Welcome to the BIG weekly Newsletter!

This week read about how crypto bank Sygnum raises $90 million, now valued at $800 million, why Samsung is using blockchain for reforestation project in Madagascar and how Swiss crypto industry unfazed by new year bitcoin crash.

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

Remember to listen to our Partner Podcasts - THE SWISS ROAD TO CRYPTO with Didier Borel. In this episode Didier Borel and his guest Daniele Bernardi, founder and CEO of Diaman Partners discussed the 3 main reasons why Plan B stock-to-flow model is not reliable and more.

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

BLOCKCHAIN EDUCATION BASICS

BITCOIN ATM - is a kiosk that allows a person to purchase Bitcoin by using cash or debit card. Some Bitcoin ATMs offer bi-directional functionality enabling both the purchase of Bitcoin as well as the sale of Bitcoin for cash. In some cases, Bitcoin ATM providers require users to have an existing account to transact on the machine.

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If you are interested in more of our services including Data Protection and C-Level Education, click here for more information.

BLOCKCHAIN HEADLINES

Crypto bank Sygnum raises $90 million, now valued at $800 million
Sun Hung Kai & Co. led Sygnum's Series B funding. Other investors in the round included Animoca Brands, SBI Holdings, Siam Commercial Bank’s digital investment arm SCB 10X, and Meta Investments.

THEBLOCKCRYPTO

        Samsung using blockchain for reforestation project in Madagascar
        Samsung America plans to plant two million trees in Madagascar by the end of the first quarter of 2022. Blockchain company Veritree will monitor the initiative to track and trace the reforestation process.

        LEDGERINSIGHTS

        Swiss crypto industry unfazed by new year bitcoin crash
        The industry is well used to volatility in the price of cryptocurrencies and is ploughing on with expansion plans regardless of how many dollars you can currently get for your bitcoin.

        FINTECHNEWS

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

        SEC’s Gensler won’t say whether ether is a security, amid crypto market slide
        Gensler won’t say whether he’s revised those beliefs, or whether he thinks that the second-most valuable cryptocurrency after bitcoin is still a security — a question whose answer could have wide ranging implications for the entire crypto economy.

        MARKETWATCH

            Digital asset exchange ECXX gets MAS Nod
            The blockchain-based digital asset exchange for security tokens has received a license to support the issuance and trading of digital capital markets products.

            FINEWS

                Capital pooling firm Valdy rebrands to INX Digital after reverse merger
                Canadian capital pooling company Valdy Investments completed the takeover of securities token platform INX and subsequently changed its name to INX Digital

                COINDESK

                    FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)

                    Central Bank of Bahrain oversees JPM Coin digital currency tests
                    The JPM Coin system tokenizes money held in JP Morgan bank accounts and is not a stablecoin. Digital currency payments are direct, sidestepping the need for intermediary or correspondent banks.

                    LEDGERINSIGHTS

                    CBDC wallet tops mobile app store charts in China
                    The pilot version of China’s official digital yuan wallet app has become the most downloaded app in local mobile app stores. While anyone in China could download the app, its usage is limited to select cities.

                    COINTELEGRAPH

                    Communist Party outlet pushes digital yuan as US dollar challenger, as CBDC readies for Olympics
                    China’s digital yuan CBDC is in the late stages of its pilot as it readies the e-CNY for use in the Beijing Olympics. The digital currency will be usable by locals and visitors to the games.

                    LEDGERINSIGHTS

                    CRYPTOCURRENCIES, DeFi and NFT

                    Blockchain indicator suggests Bitcoin could be close to bottoming out
                    A historically reliable blockchain indicator suggests bitcoin maybe in the final stages of a bearish trend, having lost nearly 40% of its value in the past two months.

                    COINDESK

                    Fully-featured crypto wallet speeds up the DeFi experience
                    User experience is a make-or-break factor for DeFi adoption. The team behind Ambire has launched an innovative non-custodial smart wallet to solve UX problems and offer quick and easy onboarding for crypto users.

                    COINTELEGRAPH

                    Hennessy to sell exclusive cognac through NFTs
                    Hennessy has partnered with blockchain platform BlockBar for the sale of Hennessy 8. Consumers will be able to buy a NFT equivalent for two of the cognac bottles and redeem it for the physical product or trade it on a secondary marketplace.

                    LEDGERINSIGHTS

                    RECOMMENDED INDUSTRY REPORTS AND BOOKS

                    report
                    A New Intellectual Framework - Connecting the Invisible Dots
                    This paper aims to set out some relevant ideas for the creation and establishment of a successful Financial DIGITAL MARKET INFRASTRUCTURE provider.

                    SDX

                    Voice of the Customer for DLT
                    The key findings are that, although there has been a move into digital assets, only 40% of the respondents are active or about to become active in digital assets within the next two years. The
                    majority of those who will invest will hold less than 1% of their portfolio in this asset class.

                    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.
                    2976666-1600875405933-1de4771ae30e6

                    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 ORACLE SUMMIT
                    June 7-9, 2022


                    THE BLOCKCHAIN EVENT
                    Feb 8-11, 2022



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