November Recap – a new blue-chip crypto index, the Crypto Outlook Report 2024, a new podcast episode, and more
Dec 1, 2023 - 9 min read
With the launch of this unique blue-chip crypto index together with STOXX, we are taking the next step in the development of our digital assets offering. We are recognizing the need for institutional investors to move into crypto currency diversification in their portfolios and proud to partner up with STOXX to drive innovation further in the crypto and traditional space.
Dr. Dirk Klee, Chief Executive Officer
Products & Services
Bitcoin Suisse launches unique blue-chip crypto index with STOXX
In partnership with STOXX Ltd., an established and leading global provider of innovative indices, Bitcoin Suisse has launched a unique blue-chip crypto index. The STOXX® Digital Asset Blue Chip index aims to track high-quality assets that represent the crypto universe today and marks STOXX’s entry into the digital assets space. The index considers crypto-native metrics including the level of adoption, total value secured, size of the developer community, fees paid by users and age of the protocol.
Bitcoin Suisse provides insights into recent market developments
The past few weeks have been characterized by major movements in the crypto markets as well as on a macroeconomic level. As the Swiss crypto investment partner and gateway to institutional crypto services, Bitcoin Suisse recently hosted a client call to address the upticks in the market. In addition to a review of recent events, our Head Trading Desk gave a market update and our Head Strategic Client Solutions provided insights into new products. Didn’t have time to join the client call? Watch the recording here.
Celestia basics: A new Fundamental
Bitcoin Suisse was the first Swiss crypto-financial service provider to support Celestia (TIA), the first modular blockchain network. On October 31, 2023, Celestia successfully launched its mainnet, and in the subsequent weeks, it has demonstrated exceptional performance. What distinguishes Celestia in this rapidly evolving landscape? Celestia has been developed by the team that first envisioned the benefits of a modular blockchain ecosystem. Specifically, Celestia is tailored for optimal data availability and consensus, providing a decentralized trust layer for modular execution layers (rollups). Explore further details in our latest Fundamental guide to grasp the essentials of Celestia. Bitcoin Suisse facilitates TIA trading, staking, and custody.
New Fundamental on crypto custody
Within the crypto community, the mantra "Not your keys, not your coins" embodies the widely accepted belief that the optimal protection for crypto assets is achieved through self-custody, wherein the owner personally maintains control of the private keys.However, dealing with the intricate technicalities and associated risks, including the potential loss of keys and consequently losing access to the underlying crypto assets, can discourage many investors. Here is the good news: Sacrificing convenience for security is not necessary – you can delegate the management of your cryptographic keys to a trusted intermediary like Bitcoin Suisse. Read our newest Fundamental covering crypto custody and learn more about the advantages of crypto custody at Bitcoin Suisse.
Company & Industry Highlights
Armin Schmid on crypto payments and Lightning in new podcast episode
Our Chief Product Officer, Armin Schmid, was recently featured as a guest on the House of Satoshi podcast. In conversation with Rino Borini, Armin delves into the utility of cryptocurrencies as a means of payment. While some perceive Bitcoin, particularly Bitcoin Lightning, as a potential future payment method, others raise concerns about its stability and acceptance in the retail sector. Can Bitcoin strike a balance between being a "store of value" and a practical payment solution? Alternatively, could another cryptocurrency, such as a stablecoin, assume this role? Tune in to this captivating episode on Spotify, Apple Podcasts, or Google Podcasts (available in Swiss German) to explore these intriguing questions.
The Bitcoin whitepaper turns 15
On November 1, 2008, Satoshi Nakamoto wrote an email to a mailing distributor discussing cryptographic technologies and their political implications. The pseudonymous developer began the letter with, "I have been working on a new electronic cash system that works entirely on a peer-to-peer basis, without trusted third parties." He then referenced his whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System", which was published under an MIT license on the same day. With this act, the still unknown founder laid the foundation for today's crypto industry, which boasts a market value of over USD 1 trillion. Happy 15th, Bitcoin!
Bitcoin Suisse welcomes future crypto experts in Zug offices
Bitcoin Suisse warmly welcomed numerous children to its offices in Zug for this year's National Future Day. The aspiring crypto experts gained fascinating insights into the crypto world in the morning and later visited TIE International. During their time at TIE, the children had the opportunity to create their own NFT and were then permitted to upload it to OpenSea. Many thanks to all participants; it was a pleasure, as it is every year!
Revision of POSA staking principles
The Proof of Stake Alliance ("POSA"), a non-profit industry alliance advocating for forward-looking public policy in proof-of-stake ecosystems, has recently updated its staking principles with the backing of 18 industry leaders. The POSA Staking Principles aim to bolster consumer protection, foster responsible innovation, and contribute to the sustainable growth of proof-of-stake networks. Bitcoin Suisse, one of the largest custodial staking providers globally, has also endorsed the POSA initiative. The press release can be found here.
Research
Sneak Peek: Soon you will receive exclusive contents
Bitcoin Suisse Research yearly publishes the Crypto Outlook Report, a publication that delves into strategically important topics within the crypto industry and incorporates insights from industry leaders. In this publication, we feature exclusive interviews with industry experts Harald Rauter discussing ESG implications for Bitcoin and Matthew Siegel from VanEck on robust valuation models. Delve into our insights on the intersection of crypto and macro trends, decoding what lies ahead in the coming year. Additionally, we present a few bold predictions for digital assets in 2024, offering a glimpse into the future landscape of the crypto market.
The latest news at a glance
Stay informed about developments in the world of crypto with the Weekly Wrap from Bitcoin Suisse every Friday. You can subscribe for the Weekly Wrap here.
November’s editions at a glance:
- 3 November: SBF found guilty on all charges, unchanged interest rates, steady crypto market
- 10 November: Bitcoin Surge, SEC Talks and Ethereum's Rally
- 17 November: BTC rides the seesaw, XRP ETF drama, and SOL & AVAX performance analysis
- 24 November: Market Whirlwind: Kraken, Binance Charges, and Crypto's Recovery Amid Options Expiry and Global Economic Indicators