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Libra ‘Concerns Remain’ for US Lawmakers after Switzerland Talks
26.8.2019
Maxine Waters. Source: a video screenshot, YouTube, NBC News
The head of the United States House of Representatives’ Financial Services Committee says that it is still “concerned” by Facebook’s proposed Libra stablecoin despite extensive meetings with politicians and financial regulators...
After Switzerland Visit, Crypto Concerns Remain for US Regulators
26.8.2019
Following meetings about Libra with Swiss regulators, U.S. lawmakers still harbor concerns over Facebook’s proposed stablecoin
Swiss Private Bank Says 400 New Clients Demanding Crypto Products
22.8.2019
Swiss private bank Maerki Baumann is inundated with new clients interested in its crypto plans
US Lawmakers to Discuss Facebook Libra on Swiss Visit: Report
19.8.2019
Congresswoman Maxine Waters and other U.S. lawmakers will discuss Facebook's crypto project with the Swiss data privacy chief this week
Facebook’s Libra Token Back in Action, As Delegation from US to Visit Switzerland for Discussions
19.8.2019
Ever since it was unveiled on June 18, Libra has been in the headlines, mostly for controversial reasons. From the US Congress to the Senate, from the US to the UK, lawmakers everywhere had polarizing views about the token. While a few of them felt that this Libra could help curtail illegal...
Passing the Burden of Negative Rates to Bank Clients Opens Door for Cryptocurrencies
17.8.2019
Record low and negative interest rates have put commercial banks in a difficult spot. Across Europe, they have been passing the burden to their clients. Some have introduced fees for those with large account balances, while others are punishing everybody equally. In any case, some bankers fear this...
Coinbase Custody Acquires Xapo, Sees $7 Billion Growth
16.8.2019
Today, Coinbase Custody has announced that it has completed the acquisition of Xapo’s institutional businesses. Coinbase Custody has acquired 55 Million U.S. Dollars, Xapo’s institutional business. The platform was in stiff competition with major investment company- Fidelity, who was also...
Electricity Theft for Bitcoin Mining Imposes Loss of $25 Million in Malaysia
16.8.2019
Bitcoin Mining is a power-intensive activity, and it consumes a lot of electricity. A report by Cambridge last month showed that Bitcoin consumes more electricity than the entire country of Switzerland. While the cost involved is huge, it can be devastating to electricity manufacturers...
Front Conference in Zürich
15.8.2019
(This is a sponsored post.)
I'm so excited to be heading to Zürich, Switzerland for Front Conference (Love that name and URL!). I've never been to Switzerland before, so I'm excited about that, but of course, the web nerd in me is excited to be at the conference with lots of fellow webfolk. Some...
Swiss SIX Digital Exchange CEO Departs Due to ‘Strategic Differences’
15.8.2019
CEO of Switzerland's SIX Digital Exchange, Martin Halblaub, leaves after eight months on the job
Owning Fiat Just Got More Expensive – NIRP Strikes Again
8.8.2019
With the recent Union Bank of Switzerland (UBS) announcement that even more customers will be charged to hold money in their banks, people are scrambling to find ways to preserve their wealth, while USB and others scramble to dam the losses resulting from national negative interest rate policy...
Largest Stock Broking Company of Switzerland Allows Crypto Trading
5.8.2019
Biggest online trading and banking group of Switzerland, Swissquote will now be supporting the trading of various cryptocurrencies. The user from now will be allowed to credit, trade, and withdraw cryptocurrencies on the platform. The user can also transfer digital currencies from exterior wallets...
SEC Commissioner: US Could Draw Crypto Policy From These Countries
5.8.2019
The U.S. Securities and Exchange Commission (SEC) could learn from other countries when finalizing its own crypto regulation, Commissioner Hester Peirce explains. While highlighting peculiar and notable features of the U.S. system, the commissioner emphasizes cross-border considerations, detailing...
PR: Uruguayan President Meets With the Founder of SCRY
2.8.2019
Uruguay, nicknamed South America’s Switzerland, has always taken a positive attitude towards the development of science and technology and information economy as well as science and technology services, thus becoming the first Latin American country to step into 5G information this year. Miss...
Crypto Exchange and Custodian Smart Valor Goes Live in Switzerland
30.7.2019
With $3.25 million in new funding, Smart Valor says it's launching the first regulated bitcoin exchange in crypto-friendly Switzerland
Crypto-Focused Finance App Aximetria Wins License From Swiss Regulator
29.7.2019
Aximetria, a firm offering a personal finance app for fiat and cryptocurrencies, has been awarded a financial intermediary license in Switzerland
Facebook Libra Hasn’t Responded to Information Request: Swiss Watchdog
24.7.2019
Facebook hasn't responded to a request by Switzerland’s data privacy regulator for more details on Libra, despite the project being based in Geneva
Swiss Crypto Broker Bitcoin Suisse Applies for Banking and Securities Licenses
17.7.2019
These anticipatory steps have been taking in face of a "maturing" regulatory environment, as the firm plans to expand its crypto-related financial services
PR: Liechtenstein Financial Market Authority Approves Tokenized Real Estate Investment Product
17.7.2019
CROWDLITOKEN AG pioneers and starts distribution of a digital bond – European retail investors benefit as well
For the first time in Europe, the Liechtenstein Financial Market Authority (FMA) has approved the offering prospectus for a tokenised real estate investment product. CROWDLITOKEN AG...
New Cambridge Research Shows That Bitcoin Consumes More Power Than Entire Switzerland
6.7.2019
Cryptocurrencies are high energy consuming assets, and Bitcoin is expectedly the highest consumer. However, the recent research by the University of Cambridge is something bigger than most would have expected. Bitcoin consumes more electricity than the entire nation of Switzerland. As of now,...