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ING Bank-Backed Crypto Trade Platform Pyctor Is Raising Money
16.2.2021
The digital assets post-trade collaboration also involves Citi, State Street, UBS and others
UBS: Crypto Has Fundamental Flaw, Bitcoin’s Fixed Supply Could Cause Its Value to Collapse
1.2.2021
A chief economist at UBS, the largest bank in Switzerland, says cryptocurrency has a fundamental flaw. Bitcoin’s fixed supply could cause the collapse of its value and spending power, making it unattractive to use as a currency, he claims. A UBS Chief Economist Says Bitcoin’s Fixed...
Should I Buy Bitcoin? — Switzerland’s Largest Bank UBS Provides Guidance on BTC Investing
25.1.2021
Switzerland’s largest bank, UBS, has published guidance for clients about investing in bitcoin. The bank answers some important questions, such as whether one should buy bitcoin and other cryptocurrencies and whether bitcoin can be used to diversify portfolios. ‘Should I buy’...
Global Banks Reportedly Limit Service in Hong Kong for Political Reasons
20.7.2020
Global banks are scanning clients in Hong Kong on potential political ties amid protests over China-initiated national security law
Deutsche Boerse’s DLT Security Lending Platform Sees First Transactions
3.12.2019
Three major banks carried out the first transactions on Deutsche Boerse and HQLAX’s DLT-enabled security lending platform
Former UBS Executive Establishes Digital Securities Insurance Platform
27.11.2019
Former UBS executive Claude Waelchli has launched a digital securities issuance platform dubbed Tokenyz
Former UBS Banker Launches Digital Securities Platform Tokenyz
27.11.2019
A veteran of megabank UBS is launching a startup to enter the increasingly crowded field of platforms for issuing digital securities on a blockchain
Banking Giant UBS Goes Live on We.Trade Blockchain for Trade Finance
9.10.2019
Swiss financial giant UBS has started full-fledged transactions on we.trade, a blockchain-based trade finance platform that’s seeing growing adoption
Former Head of UBS Shares Excitement Over the “Powerful” Crypto Banking Potential
29.9.2019
The ex-CEO of the largest bank of Switzerland, UBS, Peter Wuffli, has stated that he intends to tap into the 220 billion dollar market of private individuals, as well as institutions, that already own digital currencies. At present, Wuffli serves as the director of Sygnum, a Swiss cryptocurrency...
Ex-UBS Head Wants His Crypto Bank to Tap $220B Cryptocurrency Market
26.9.2019
Peter Wuffli, former head of UBS, and director at Swiss crypto bank Sygnum sees a tremendous opportunity in providing custody services for cryptocurrency holders
Swiss Bitcoin Bank: UBS, Credit Suisse Interest ‘Clearly Picked Up’
23.9.2019
“I don’t see a bubble right now. I see more serious business planning and solutions addressing client needs,” says UBS ex-CEO Peter Wuffli of the crypto sector
JPMorgan, UBS and Now Wells Fargo Builds Own Digital Cash
17.9.2019
U.S.-headquartered banking giant with USD 1.9 trillion in assets, Wells Fargo, plans to pilot its internal settlement service, Wells Fargo Digital Cash, in 2020.
The service will run on Wells Fargo’s first distributed ledger technology (DLT) platform and "will not be connected to any other digital...
Nature Abhors a Vacuum: Why Trump’s Proposed Negative Rates Bode Well for Bitcoin
14.9.2019
In a recent tweet, U.S. president Donald Trump delved into an explosive, all-caps-loaded mini-rant about the necessity of getting “interest rates down to ZERO, or less.” The bombastic politician stressed the need for America to refinance its debt, trailing off with some superficially...
PR: SMART VALOR Lists Bitcoin Cash & Offers Users 10% Cash Back in Crypto
26.8.2019
The first Swiss company to operate an integrated cryptocurrency exchange and custody, SMART VALOR, has added Bitcoin Cash to its range of listed tokens.Why does this matter and what’s in it for buyers?
The listing of Bitcoin Cash (BCH) on SMART VALOR matters, because it is the first fully...
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...
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...
14 Banks, 5 Tokens: Fnality’s Expansive Vision for Interbank Blockchains
13.6.2019
Fresh off a $63 million fundraise, execs at bank blockchain consortium Fnality shed some light on the often-secretive project's plan to tokenize fiat currency
World’s Biggest Investment Banks to Face Class Action Lawsuit in Australia
27.5.2019
Earlier this month, some of the world’s biggest investment banks were found to have been involved in widespread foreign exchange manipulation by the regulatory authorities in the European Union. At the time, it came to light that some of the traders employed with the biggest names in investment...
Report: Top Banks Alleged to Be Investing $50 Million in Digital Cash Settlement Project
17.5.2019
Some of the world’s leading banks are allegedly currently investing around $50 million to build a blockchain-based digital cash system for transaction settlement, sources claim