News und Insights

Regulators have had a tough time keeping up with the rapidly growing crypto space that is dominated by a wide range of financial products. Nonetheless, recent developments show that they may be gaining ground signalling that crypto companies need to evaluate their compliance status now more than ever.

The long-awaited Ethereum Merge finally shipped on September 15, 2022, fully turning Ethereum into a Proof-of-Stake (PoS) blockchain. It commenced at 6:43 a.m. UTC and attracted a live audience of over 41,000 people on YouTube that watched as the significant event unfolded. The mainnet and PoS Beacon Chain merged successfully without a hitch, but it was not a small task. “The metaphor that I use is this idea of switching out an engine from a running car,” Justin Drake, a researcher at the Ethereum Foundation, said describing the Ethereum Upgrade.

Ob in der Cyber­-Security, im Supply-Chain­-Management, bei neuen Asset-Klassen oder bei Versicherungslösungen: Die Blockchain-­Technologie kommt in immer mehr Bereichen der digitalen und der realen Wirtschaft zum Einsatz. Die Grenzen zwischen klassischer Bankenwelt und Blockchain-­Banking werden fliessender.

The crypto markets have been in restructuring mode for the past few weeks. As time goes on, the market is trying to figure out, who has been owing money to whom. On the borrowing side, Singapore-based crypto hedge fund Three Arrows Capital (3AC) seems to have many open credit relations – too many. The company has already filed for bankruptcy.

Die Blockchain-Industrie verzeichnet seit einigen Jahren ein signifikantes Wachstum. Krypto-Start-ups schiessen aus dem Erdboden, und eines nach dem anderen scheint sich als «Einhorn» zu erweisen. In unserer neuen Reihe werden wir diese Technologie in Blogposts und Webinaren genauer unter die Lupe nehmen und erörtern, weshalb sie so erfolgreich ist und überall im Zentrum des Interesses steht. Dabei werden wir uns weniger mit dem spekulativen Aspekt befassen, mit dem die Blockchain häufig in Verbindung gebracht wird, sondern vielmehr untersuchen, inwiefern sie reale Probleme lösen kann.

The world of decentralised finance (DeFi) is having a rough time. Token values have dropped significantly, and one of its popular projects – Terra’s algorithmic stablecoin UST – completely imploded a few weeks back. Yet another incident that shed some bad light on DeFi recently happened in the Solana ecosystem. Through a governance vote on the Solana-based lending and borrowing protocol Solend, users voted to grant “special” parties the rights to liquidate a borrower’s assets. Although the vote was conducted on-chain, there was a quirky element to it. It was launched without announcement and one wallet paid $700,000 for additional voting power, ultimately making up 90% of votes.

Following the publication of yet another 40-year record CPI print of 8.6% in the US on June 10th, the crypto markets corrected heavily. And with prices coming down significantly, the current bear market took its next toll. New York-based crypto lending company Celsius Network saw its own token correct more than 50% in a few hours.

After the epic Terra ecosystem collapse with LUNA and UST going to virtually zero, the project was recently relaunched according to a pre-set revival plan. Following a vote, over 65% of all community members voted in favour of starting Terra as a completely new blockchain.