Tag Archive: Blockchain

Digital Cash: UBS Pilots Blockchain-Based Multi-Currency Payment Solution

2024-11-11

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2024-11-11

Cross-border payments often lead to delayed settlements.  As a result, this creates a fragmented view of liquidity positions for companies. The aim is to increase transparency and security with blockchain-based payments via UBS Digital Cash which should in turn facilitate timely payment processing. In addition, companies should be able to manage intraday-liquidity and adjust liquidity buffers on their accounts more easily in the future, thanks to...

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UBS AM Debuts Its First Tokenised Fund, Expanding Blockchain Initiatives

2024-11-04

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2024-11-04

UBS Asset Management has launched its first tokenised investment fund, the “UBS USD Money Market Investment Fund Token” (uMINT), built on Ethereum’s blockchain. This token offers investors access to institutional-grade cash management solutions backed by high-quality money market instruments within a conservative, risk-managed framework. The launch is part of UBS’ strategy to use blockchain for better fund issuance and distribution. UBS...

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Swiss Banks Embrace Blockchain, Prioritizing Cryptocurrencies, HSG Study Finds

2024-10-21

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2024-10-21

In Switzerland, financial institutions are increasingly recognizing the long-term potential of blockchain and integrating the technology into their growth strategies. According to a new study by the University of St. Gallen, in collaboration with vision& and mintminds, more than 80% of Swiss banks are either planning to develop and actively expanding their blockchain offerings, with a particular focus on cryptocurrencies. Conducted between...

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21Shares and Crypto.com Forge Strategic Partnership

2024-10-09

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2024-10-09

21.co, the parent company of 21Shares – one of the world’s largest issuers of crypto exchange traded products (ETPs), and Crypto.com announced that they have entered into a strategic partnership. Central to the partnership, 21.co Wrapped Bitcoin (21BTC) will source Bitcoin liquidity from Crypto.com, leveraging the exchange’s liquidity. Looking ahead, 21.co and Crypto.com intend to build on the strategic partnership, with future announcements in the...

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Taurus Partners with Aktionariat to Launch Token Secondary Market for SMEs

2024-09-30

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2024-09-30

Swiss equity token specialist Aktionariat AG and securities firm Taurus SA announced a new partnership. Aktionariat’s tokenization tools and Taurus Digital Exchange (TDX) organized trading facility are natural complements. Under the newly announced partnership, Taurus will support selected shares tokenized with Aktionariat on the Ethereum blockchain and Aktionariat will offer client companies a smooth path towards being admitted to trading on TDX...

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LUKB bietet neu sichere Ein- und Auslieferung von Kryptowährungen an

2024-09-25

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2024-09-25

Die Luzerner Kantonalbank (LUKB) bietet ab dem 1. Oktober 2024 ihren Kunden die Ein- und Auslieferung für die Kryptowährungen Bitcoin und Ethereum an. Bereits im Juni 2024 hat die LUKB einen Kryptoanlageplan auf den Markt gebracht und ergänzend zu Bitcoin, Ethereum und USD Coin neu auch Investitionen in die Kryptowährungen Chainlink und Polygon ermöglicht. Ab dem 1. Oktober 2024 können Kunden der LUKB ihre Kryptowährungen Bitcoin und Ethereum aus...

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FBI Crypto Report: Fraud Surges Driven by Investment Scams

2024-09-25

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2024-09-25

In 2023, cryptocurrency fraud continued to surge globally as rising adoption of digital currencies attracted scammers seeking to exploit the hype and target credulous users. Last year, the Federal Bureau of Investigation’s (FBI) Internet Crime Complaint Center (IC3) received a record of 69,468 crypto-related complaints, a 33.6% increase from 2022’s ~52,000, new data released by the division show. Losses soared by a whopping 45% year-over-year (YoY)...

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Global Crypto Adoption Rises in 2024, Led by Developing Economies and ETF Launches

2024-09-19

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2024-09-19

In 2024, global cryptocurrency activity continues to grow, with developing economies leading in crypto ownership. Adoption of the new asset class is increasing worldwide, driven in part by the launch of bitcoin and ether exchange-traded funds (ETFs) in the US, which has boosted adoption, particularly in institutional transfers and higher-income regions. However, regulatory concerns remain a key obstacle, especially in the US and UK, though Europe...

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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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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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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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#1133 Bitcoin Fear & Greed, 43 Mio Bitcoin Hodler & Indian RBI Krypto Verbot

2023-01-16

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2023-01-16

1.) Bitcoin steps out of ‚Fear‘ for the first time in nine monthsThe Bitcoin Fear and Greed Index reached an index score of 52 over the weekend, marking the first time its hit neutral territory in three quarters.

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The Bitcoin is ‘as-good-as-gold’ myth is over

2022-11-19

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2022-11-19

When you invest in gold or buy silver coins with GoldCore you are choosing to invest in an asset that has no counterparty risk. Sadly those who have been holding their bitcoin on the crypto exchange FTX, have not experienced the same level of reassurance and service from the exchange’s management.

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#1099 Stablecoin Krieg, Kraken Russland Sanktionen & Kazakhstan Mining

2022-10-27

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2022-10-27

1.) A stablecoin’s rise in market share has ignited the ‘Second Great Stablecoin War’Since Binance announced it would auto-convert USDC, USDP and TUSD into BUSD on Sept. 6, BUSD’s share of the total stablecoin market has risen from 10.01% to 15.48%.

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Investing in crypto the sound way!

2020-01-19

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2020-01-19

I have long been fascinated by the far-reaching consequences and the great potential of the wave of new technologies and ideas that emerged with the crypto revolution. While most of us first came into contact with these concepts in 2017, this tectonic shift that is only just beginning has been in the making for nearly a decade. Now, we begin to see the basic ideas and tools take shape and give rise to endless exciting possibilities that can affect...

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Is blockchain real estate in need of renovation?

2019-11-08

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2019-11-08

Our regular analysis of developments in the world of fintech and Crypto Nation. Property has for some time been hailed as prime real estate for blockchain disruption. The incorruptible ledger will replace mountains of paperwork while interested parties will have a sovereign claim to validate transactions in property sales.

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