Category Archive: 6c) Crypto Currencies English
Libra cryptocurrency soldiers on despite key departures
Facebook’s cryptocurrency payments project, Libra, has suffered a major blow with the withdrawal of seven key partners. But the Geneva-based Libra Association continues to battle on against a regulatory onslaught by adopting a charter and forming an executive team.
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Blockchain for Good faces familiar blockages
Our regular analysis of developments in the world of fintech and Crypto Nation. All eyes were on Libra at the Blockchain 4 Impact summit in Geneva last week. But the Facebook stablecoin project was only one part of a two-day event asking the question: Can blockchain help meet Sustainable Development Goals?
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Another Swiss bank delves into cryptoassets
Arab Bank Switzerland has teamed up with blockchain technology firm Taurus to offer its wealthy clients access to bitcoin and ethereum. The bank joins a growing list of established players joining forces with fintech firms to tap into cryptoassets.
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Cryptos/Switzerland: Mountain Pass
Facebook takes on global finance. But its proposed digital currency Libra frightens central banks and regulators. Below the radar, Switzerland launches its own skirmish. Two local crypto-finance pioneers this week became the first to win banking licences.
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Bitcoin-Friendly Banks
Over its 10 years of existence, Bitcoin adoption has been just like its price—up and down. At this point in time, it’s safe to say that the adoption of our favourite cryptocurrency has never been higher. Since adoption is so high, it has never been easier to buy bitcoin (with hundreds of payment methods available on peer-to-peer marketplaces).
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Switzerland’s First Crypto Banks Receive Licences
The Swiss financial regulator has awarded banking and securities dealer licences to two new “crypto banks”. SEBA and Sygnum have been cleared to operate in the new world of tokenised digital securities, a major milestone for the fledging industry.
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Industry challenges blockchain during hackathon
More than 200 hackers from 19 countries converged on Switzerland at the weekend to take part in the Swiss Blockchain Hackathon. Participants were challenged to come up with blockchain innovations in a variety of sectors as diverse as finance, logistics and agriculture. Switzerland has hosted numerous hackathons over the past few years, designed to stimulate digital entrepreneurship using cutting-edge technologies. Several events have already spun...
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Watchdog confirms illegal activity by cryptocurrency firm Envion
An investigation by the Swiss Financial Market Supervisory Authority (FINMA) has revealed the that Zug-based cryptocurrency venture Envion unlawfully received deposits from at least 37,000 investors. Envion unlawfully accepted over CHF90 million ($90.5 million) in its Initial Coin Offering (ICO) without the necessary statutory licence, according to a statement by FINMAexternal link on Wednesday.
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Swisscom Blockchain head departs abruptly
Daniel Haudenschild has stepped down as Chief Executive Officer of Swisscom Blockchain with immediate effect. The state-owned telecommunications group gave no reason for the shock move by the top manager and shareholder of its blockchain advisory unit. News of Haudenshild’s departure clearly came out of the blue for the Swiss blockchain sector.
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Blockchain start-up growth bucks Swiss trend
The number of blockchain companies in Switzerland grew 20% to reach 750 in the last three months of 2018. But the market capitalisation of such firms, measured by the dollar exchange rate of tokens in circulation, more than halved as crypto-assets nose-dived in value.
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Swiss blockchain industry sees meteoric growth
The booming Swiss blockchain sector continues to grow: over 600 companies and institutions are now located in the ‘Crypto Nation’ and neighbouring Liechtenstein, according to recently-released data. The industry employs around 3,000 people in Switzerland and Liechtenstein, as well as many more abroad, says investment group Crypto Valley Venture Capital.
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Solutions without Historical Templates: Cryptocurrencies and Blockchains
Crypto-blockchain technologies are leveraging the potential of computers and the web for direct political-social innovation. We're accustomed to three basic templates for system-wide solutions or improvements: 1. an individual "builds a better mousetrap" and starts a company to exploit this competitive advantage;
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