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Will digital assets be listed on Swiss stock exchange?

Summary:

  • Swiss stock exchange is working on solutions designed for digital assets
  • Walmart is seeking for use of blockchain for package tracking
  • The underpopulated Japanese areas attract coin miners

Over the weekend we saw a rise in the valuation of the most famous cryptocurrencies. The capitalization of the whole market sits a notch above the $270 billion while the capitalization excluding Bitcoin stands below $160 billion. An interesting news comes from Switzerland as principal stock exchange announced that is working on a new solution for digital assets.

On Friday, SIX, the operator of a main Swiss stock exchange, claimed that it is constructing a new system for trading, settlement and custody of virtual assets. The platform, called Swiss Digital Exchange, will fill a demand for such services. We have yet to be informed whether it will support trading of cryptocurrencies. Probably this solution will handle Bitcoin and ICO tokens, informations concerning it are likely to be announced in the nearby future. Nevertheless, it is next step illustrating the importance and potential of these assets. The Switzerland becomes a country more and more friendly for users of digital assets. This attitude is strongly supported by local authorities. The Swiss officials are very positively oriented for a development of new ideas in this area.

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BITCOIN experienced a rise in the valuation over the weekend. In the previous week, the most famous coin was testing 33-period moving average on a H4 interval (blue line). It resulted in a victory. Now, the coin is trading in the vicinity of a $6650 handle. Source: xStation5

Let’s move to America. Walmart has new patent using the blockchain technology. The idea involves this modern system to better delivering packages. A solution can help in observing of availability of delivery lockers as a new system will show whether a locker is free or occupied. Recently, this topic has been in the focus of the most famous and largest companies all over the world. No wonder that Walmart almost thinks over these problems, but using of blockchain may revolutionize this industry.

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ETHEREUM also saw a significant rise. Like a Bitcoin it was testing 33-period moving average on a H4 interval (blue line) in. Today, the virtual coin sits a notch above $470. Source: xStation5

At the end, let’s jump over the next ocean. In the Japan, some cryptocurrency miners move to less popular areas. It’s all because of cheap electricity and rent in comparison to the enormous cities. One of the most famous destinations is Fukui where only a quarter of million dwellers live (Japan has 127 million inhabitants). The miners often use abandoned factories and warehouses in the region. The digital assets may be a great opportunity for a development of these parts of Japan. This situation can show an impact which cryptocurrencies may have on the economy. The digital assets went outside a virtual zone a long time ago, and we nowadays can witness some results of it in real world and daily life.

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