Category Archive: 6c) Crypto Currencies English

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Siemens Launches €300 Million Digital Bond on Blockchain

2024-09-10

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2024-09-10

Siemens has again issued a digital bond in accordance with Germany’s Electronic Securities Act (Gesetz über elektronische Wertpapiere, eWpG). This follows the successful issuance of its first digital bond last year. In issuing the bond, the company is supporting the trials by the Eurosystem and the Bundesbank in particular, that are aimed at testing blockchain technology for the digital financial market. Ralf P. Thomas “Since the successful...

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The Top 11 Fintech Startups in Switzerland in 2024

2024-09-05

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2024-09-05

11 fintechs made it to this year’s  TOP 100 Swiss Startup list, an award organized by Venturelab. The 2024 ranking features in total 100 Startups, Yokoy is once again the highest ranking fintech. Highest fintech newcomer this year is Calvin Risk on rank 44. Of the 11 fintechs 5 were repeats from the 2023 startup ranking and 6 were newcomers. Meet the 11 Swiss fintechs that made the TOP 100 Swiss Startups 2024 list: Yokoy Group AG (#3)-1 Your...

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ZKB bietet neu den Handel und die Verwahrung von Crypto an

2024-09-04

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2024-09-04

Ab dem 4. September 2024 können Kundinnen und Kunden über die Zürcher Kantonalbank Kryptowährungen rund um die Uhr direkt im ZKB eBanking oder ZKB Mobile Banking Crypto handeln. Die Bestände der Kryptowährungen werden dabei in die bestehende Depotsicht integriert. Vorerst stehen Bitcoin und Ethereum zur Auswahl. Crypto Verwahrung Kryptowährungen nutzen die Blockchain. Mit den Chancen und Risiken dieser Technologie beschäftigt sich die Zürcher...

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SNB Study: Tornado Cash Case Highlights the Challenge of Regulating Decentralized Services

2024-09-04

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2024-09-04

Tornado Cash, a decentralized smart contract protocol built on the Ethereum blockchain, was sanctioned in 2022 by the US Treasury’s Office of Foreign Assets Control (OFAC) for its role in laundering over US$7 billion worth of illicit funds since 2019. The sanctions initially led to a drop in Tornado Cash use, weakening its ability to provide anonymity. However, transactions on the platform continue, reflecting the mixed effectiveness of sanctions...

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Review: Bitcoin: The Inverse of Clown World

2024-09-02

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2024-09-02

Once you see a new world, you can’t unsee it.Unfolding across America and the world is a new, parallel economy—nay, even a parallel life. It started with the most promising solution to a broken money and headed downstream from there.

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Neue Schweizer Crypto Assets-Ökosystem Studie der Hochschule Luzern

2024-08-21

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2024-08-21

In der Schweiz und Liechtenstein hat sich in den letzten Jahren ein diverses Ökosystem rund um Investitionen in Crypto Assets entwickelt. Auch in den letzten zwölf Monaten ist dieses stetig gewachsen und hat an Vielfalt hinzugewonnen. Die Regionen Zug und Zürich beherbergen die grösste Anzahl von Unternehmen. Einen aktuellen Überblick gibt die neueste «Crypto Assets Study» der Hochschule Luzern. Zwischen Juli 2023 und Juni 2024 haben sich die...

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Crypto Wealth Report: Integration of Cryptocurrencies Boosted by Institutional Interest

2024-08-08

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2024-08-08

Cryptocurrencies are increasingly being integrated into traditional finance, driven by both retail and institutional interest. Financial institutions are embracing tokenization and institutional investors are increasingly entering the cryptocurrency market. Bitcoin, in particular, is emerging as a valuable diversification tool in wealth management, highlighted for its low correlation with traditional asset classes and its strong growth performance,...

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Swiss Financial Regulator Issues Stablecoin Guidelines, Emphasizing AML Obligations and Default Guarantee Requirements

2024-08-05

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2024-08-05

The Swiss Financial Market Supervisory Authority (FINMA) has published new guidance on the issuance of stablecoins. This guidance emphasizes the financial market laws that apply to projects aiming to issue stablecoins, including anti-money laundering (AML) regulations and minimum requirements for default guarantees. The new FINMA guidance, released on July 26, 2024, addresses the questions frequently arising regarding the issuance of stablecoins in...

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Eurex Launches Ether Derivatives

2024-07-18

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2024-07-18

Eurex expands its crypto derivatives portfolio with the launch of FTSE Ethereum Index Futures and Options as of 12 August 2024. Following the launch of FTSE Bitcoin Index Futures and Options in 2023, this is another major milestone in Eurex’s ambition to offer secure access to cryptocurrencies in a regulated market environment.

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Maerki Baumann Cooperates With Bitcoin Suisse

2024-06-07

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2024-06-07

The Zurich-based private bank Maerki Baumann has entered into a cooperation with Bitcoin Suisse. The collaboration will allow the private bank to utilize the proven crypto expertise of Bitcoin Suisse in managing its crypto investment solutions, and to expand its existing offering in the area of digital assets under the “ARCHIP” brand.

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Robinhood to Acquire Bitstamp For $200 Million in Cash

2024-06-07

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2024-06-07

Robinhood has entered into an agreement to acquire Bitstamp, a global cryptocurrency exchange. Bitstamp was founded in 2011 and has offices in Luxembourg, the UK, Slovenia, Singapore, and the US. Acquiring a global exchange will significantly accelerate Robinhood Crypto’s expansion worldwide. Bitstamp holds over 50 active licenses and registrations globally and will bring in customers across the EU, UK, US and Asia to Robinhood. This acquisition...

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Schweizer Retailbanken im Krypto-Anlage-Fieber

2024-05-28

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2024-05-28

Trotz breiter Skepsis, immer mehr Retailbanken bieten Kryptowährungen als vollwertige Anlageklasse an. Während einige Banken gezielt eigenes Know-how rund um Blockchain aufbauen, greifen die meisten auf Drittanbieter zurück. Dies zeigt eine neue Studie der Hochschule Luzern. Nach Rekordwerten im Jahr 2021 und einem darauffolgenden Einbruch sind die Preise von Kryptowährungen in den letzten Monaten wieder deutlich gestiegen. Verschiedene...

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World Bank Issues Digital Bond in Switzerland on the Blockchain

2024-05-21

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2024-05-21

The World Bank priced the first CHF digital bond by an international issuer, which will settle using Swiss Franc wholesale Central Bank Digital Currency (wCBDC) provided by the Swiss National Bank (SNB). This 7-year CHF 200 million digital bond, the largest World Bank CHF bond issuance since 2009, uses Distributed Ledger Technology (DLT) and advances the digitalization of capital markets while also supporting the financing of World Bank’s...

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Launch of the Swiss4 Application, Combining Financial Services and Lifestyle

2024-04-23

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2024-04-23

Swiss4, a financial player founded in Geneva in 2020, announces the launch of its application combining financial services and high-end lifestyle management services. Entirely designed, developed and hosted in Switzerland, the app guarantees security and ease of use for its customers, deposits in CHF held with the Swiss National Bank (SNB). The multi-currency account (CHF, EUR, GBP, AED, and SGD), alongside the MasterCard World Elite card, allows...

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Swiss Fintech Awards 2024 Announce Top 10 Swiss Fintech Startups

2024-04-19

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2024-04-19

A jury of 20 experts from the Swiss fintech space have reviewed over 60 applications (out of a total of 100 submissions) of fintech startups and have picked the five most promising companies in the categories “Early Stage Start-up of the Year” and “Growth Stage Start-up of the Year” for their 2024 edition. Reducing Friction And Adding Value With AI And Blockchain Applications While being diverse in its use cases, this year’s top 10 of the Swiss...

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Blackrock Launches Its First Tokenized Fund on Ethereum

2024-03-22

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2024-03-22

BlackRock unveils its first tokenized fund issued on a public blockchain, the BlackRock USD Institutional Digital Liquidity Fund (“BUIDL”) BUIDL will provide qualified investors with the opportunity to earn U.S. dollar yields by subscribing to the Fund through Securitize Markets, LLC. Robert Mitchnick “This is the latest progression of our digital assets strategy,” said Robert Mitchnick, BlackRock’s Head of Digital Assets. “We are focused on...

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Luzerner KB steigt in den den Handel und die Verwahrung von Kryptowährungen ein

2024-03-05

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2024-03-05

Die Luzerner Kantonalbank AG (LUKB) ermöglicht ihren Kundinnen und Kunden seit Anfang März 2024 den Handel und die Verwahrung von Kryptowährungen. Das neue Angebot ist technisch nahtlos in das Kernbankensystem und das E-Banking (Mobile und Desktop) der LUKB integriert. Aktuell stehen drei Kryptowährungen zur Wahl: Bitcoin, Ethereum und USD Coin. Die LUKB hat sich seit dem Jahr 2020 mit dem Thema Digital Assets bzw. Kryptowährungen befasst und nach...

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US Spot Bitcoin ETFs Daily Trading Volume Soars to 6 Billion USD

2024-03-01

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2024-03-01

Ten newly launched US spot bitcoin exchange-traded funds (ETFs) broke their daily volume records on February 28, 2024, totaling nearly US$7.7 billion worth of assets being traded on that day alone, data shared on X by James Seyffart, an ETF analyst at Bloomberg Intelligence, reveal.

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SNB Study: Results of the Swiss Payment Methods Survey

2024-02-27

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2024-02-27

In spring 2023, the Swiss National Bank conducted its second payment methods survey of companies in Switzerland. Around 1,750 companies, across all sizes, language regions and industries, participated in this survey on payment method topics. In-depth knowledge of these topics helps the SNB to fulfil its statutory tasks in relation to the supply and distribution of cash and to cashless payments.

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The Top Swiss Law Firms for Fintech and Blockchain Practice

2024-02-22

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2024-02-22

Chambers and Partners, a legal research company, has released its Chambers Fintech 2024 guide, an annual report which recognizes the top fintech advisors and litigators worldwide. In this year’s Swiss edition, Chambers and Partners ranked MME Legal | Tax | Compliance, MLL Legal, Baer and Karrer, and Lenz and Staehelin as the top Swiss law firms in the fintech legal category, recognizing them for their expertise, diligence and customer service. MME...

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