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UBS Warns of Further US Dollar Decline, Advises Investors to Reduce USD holdings
1.10.2024
Financial giant UBS expects the U.S. dollar to continue to depreciate, advising investors to reevaluate their portfolios. The bank predicts a medium-term decline due to shrinking interest rate advantages and a growing fiscal deficit. With the dollar down 5% since June, UBS recommends strategies...
World Bank to Issue CHF Digital Bond Settled Using Swiss Franc Central Bank Digital Currency
19.5.2024
The World Bank has announced that it will issue its first CHF digital bond on June 11. This 7-year, CHF 200 million ($219 million) bond is the largest CHF issuance by the World Bank since 2009. It utilizes distributed ledger technology and settles using Swiss Franc wholesale central bank digital...
City of Basel Settles Tokenized Bonds Using Wholesale CBDC
12.12.2023
The Swiss city of Basel recently settled a series of tokenized bonds using a wholesale central bank digital currency (WCBDC) as part of Helvetia III, a WCBDC pilot program. The system is designed to prioritize efficiency, as having on-chain funds bypasses the need for reconciling transactions with...
Swiss wholesale CBDC pilot kicks off in alliance with central, commercial banks
2.11.2023
The Swiss wCBDC pilot project will be hosted on SDX and use the infrastructure of Swiss Interbank Clearing (SIC)
On the Brink of a New Trend: Credit Suisse Receives 50 Billion Swiss Franc Bailout From Swiss National Bank
16.3.2023
Credit Suisse has experienced a loss of confidence in the financial institution’s health following a significant drop in its shares’ value this week. Over the past five days, Credit Suisse shares have fallen 24.34% against the U.S. dollar, eroding trust amid fears about the global...
Euro Drops to 20-Year Low Against the US Dollar, Tapping $1.028 per Unit — Analyst Says Parity Is Imminent
5.7.2022
The euro has had a sluggish start to the second half of 2022 as the fiat currency slid to a 20-year low against the U.S. dollar. The drop adds to the fear that the global economy is in a recession and analysts believe that the risk of “parity is just a matter of time now.” […]
Swiss public exchange lists two new carbon-neutral crypto ETPs
11.4.2022
The BTCO2 and ETH2O ETPs seek to expose investors to the world's two most valuable cryptocurrencies while offsetting their carbon footprints
'The risks outweigh the benefits' of a Swiss CBDC, says SNB governing board member
18.1.2022
"This does not mean the SNB is not interested in CBDC, but our focus is to look at the role that wholesale CBDCs could play," said Andréa Maechler
Central Banks of France, Switzerland and BIS Complete Cross-Border CBDC Trial
9.12.2021
Bank of France, the Swiss National Bank (SNB), and the Bank for International Settlements have successfully tested the application of wholesale central bank digital currency in cross-border payments. The project used distributed ledger technology and was realized with help from private firms....
Central Banks of France and Switzerland announce successful trial of digital Euro, Swiss Franc
8.12.2021
Although the project was a success, the central banks warned that significant rulebooks, contingency procedures, and monitoring capabilities were needed to ensure the success of a CBDC
Bitcoin briefly flippens Swiss franc after rally to new ATH
20.10.2021
The crypto asset's market capitalization overtook the Russian ruble in February after a major announcement from car manufacturer Tesla
Steve Forbes Says Bitcoin’s Fixed Supply Limits Its Ability to ‘Meet the Needs of a Growing Economy’
18.1.2021
American publisher Steve Forbes has attacked bitcoin’s fixed supply saying this feature actually curbs the ability of the crypto to “meet the needs of a growing economy.” He also argues that bitcoin cannot replace the dollar because it is presently too volatile to function...
Swiss National Bank and BIS complete digital currency proofs-of-concept
4.12.2020
The Swiss National Bank and BIS don't want to miss out on possible blockchain-powered benefits for the financial system
Inflation games: Bitcoin competes with fiat on value but lacks volume
14.11.2020
Amid global economic contraction, Bitcoin appears to be gaining momentum against struggling fiat currencies
CryptoFranc (XCHF) – A Stable Coin by Swiss Franc Crypto Firm
5.11.2020
In the race of cryptocurrencies, there are many new digital currencies from various regions and countries from all around the globe entering the Crypto ecosystem. In this fierce competition, every new cryptocurrency has to pave its way and fight its own survival battle. Still, even after such...
The Crypto Firms Collaborating on a Swiss Franc Stablecoin
14.9.2020
“Coopetition” is an ungainly term at the best of times. But it appears that’s what’s happening among Swiss stablecoin issuers
Swiss crypto bank Sygnum scores approval for digital asset trading
2.9.2020
The digital Swiss franc issuer is now licensed as a "digital asset trading facility."
PAX Gold Can Now Be Traded Against Swiss Franc and British Pound
20.3.2020
PAX Gold gets first-ever listing against the Swiss franc and the British pound on Switzerland-based exchange Smart Valor
Kraken Launches Support for Swiss Franc (CHF)
6.12.2019
Kraken, a cryptocurrency exchange in partnership with Liechtenstein-based bank Frick, launches support for Swiss Franc (CHF). From December 6, users can start trading between CHF and Bitcoin and CHF and Ether on Kraken’s platform. Kraken now supports CHF funding! Learn more:https://t.co/n0hyuEv6wA...
Kraken Cryptocurrency Exchange Adds Support For the Swiss Franc
6.12.2019
Kraken crypto exchange is adding support for its latest fiat asset, the Swiss franc