Tag Archive: Sci & Tech

Swiss central bank asked to issue stock exchange digital currency

The Swiss stock exchange wants the country’s central bank to issue a form of cryptocurrency to settle payments on its new digital securities trading platform. If the Swiss National Bank (SNB) agrees, it would represent a departure from its cautious policy on digital currencies. Stock exchange operator SIX Group revealed at the Crypto Valley Association conference that traders on its forthcoming SDX platform would be able to swap cash for a new...

Read More »

‘Mature’ Swiss crypto industry demands banking access

Representatives from Switzerland’s growing cryptocurrency and blockchain sector say it has matured into a viable and respectable industry that demands to be taken seriously by banks. “The hype, nonsense and scams have gone away,” says Daniel Haudenschild, President of the Crypto Valley Association (CVA), referring to a “wild west” phase over the last two years that saw several flimsy and phony companies set up and go bust, burning millions in...

Read More »

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...

Read More »

New Crypto Valley Association President seeks to heal divisions

The new President of the Crypto Valley Association has vowed to turn around the divided organization. Daniel Haudenschild was elected on Thursday evening together with a new board following months of unrest. Speaking to swissinfo.ch two days after his shock departure from Swisscom Blockchain, Haudenschild said his priorities are to heal divisions, build bridges between other blockchain groups in Switzerland and bring international business and...

Read More »

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.

Read More »

Crypto bond catapults Swiss franc onto blockchain

A new bond has been launched in Switzerland to help investors and blockchain start-ups escape the volatility of cryptocurrencies. Issued by Swiss Crypto Tokens, the bond is a representation of the safe haven currency on the blockchain. The first 10 million units of the bond, each worth a franc and pegged to the Swiss currency, are sold out and will be issued on Thursday.

Read More »

Smart Valor tackles cryptocurrency volatility problem

Cryptoasset trading platform Smart Valor plans to launch a new cryptocurrency pegged to the Swiss franc. The CHFt coin will join a growing list of so-called ‘stable coins’ designed to dampen the huge price swings of cryptocurrencies, such as bitcoin, which limits their everyday use. Smart Valor said on Monday that it is in talks with Swiss banks and cryptocurrency exchanges to issue CHFt.

Read More »

Swiss investors launch $100m blockchain start-up factory

A consortium of Swiss investors has launched a private equity vehicle that aims to collect up to $100 million with the long-term goal of getting 1,000 blockchain companies off the ground internationally every year. The Swiss company Crypto Valley Venture Capital (CV VC) launched its initial “Genesis Hub” incubator in Zug, home to Switzerland’s Crypto Valley, on Thursday.

Read More »

Swiss work permit hassles putting off foreign workers

Switzerland has lost some of its appeal for foreign labour, according to a survey by an American multinational management consulting firm. Compared with 2014, Switzerland finished in eighth place – down three positions.

Read More »

‘New buyer found’ for ailing Monetas blockchain firm

Troubled Swiss blockchain payments firm Monetas has found a new mystery buyer to pull it out of the mire, swissinfo.ch has learned. The company has run into major problems in the last few months, including enforced bankruptcy proceedings and the acrimonious failure of a previous takeover. “We are in the process of completing the purchase formalities with a buyer of Monetas.

Read More »

Silent Circle founder joins metals-backed crypto coin project

Renowned cryptographer Philip Zimmermann, who moved his smartphone encryption firm Silent Circle to Switzerland four years ago, has signed up to the metals-backed crypto Tiberius Coin venture as chief science and security officer. Zimmermann, who was inducted into the Internet Hall of Fame by the Internet Society in 2012, came to Switzerland to further develop his anti-snooping Blackphone away from invasive surveillance techniques in his native...

Read More »

Has Switzerland blown its crypto-opportunity?

Legendary United States crypto investor Tim Draper believes Switzerland has missed the boat in establishing itself as an attractive global hub for blockchain start-ups. Draper has invested in Tezos, which ran into a damaging governance row in Switzerland shortly after its initial coin offering (ICO) fundraiser.

Read More »

Swiss tech universities boost economy by CHF13 billion, report says

Switzerland’s federal technology institutes account for 100,000 jobs and CHF13 billion in added value to the economy, a new report calculates. This represents a fivefold return on investment, it claims. The institutes – notably the universities of EPFL in Lausanne and ETH in Zurich – have long been acknowledged as vital components of the Swiss image and economy; the reportexternal link by British consulting firm BiGGAR now tries to put a value on...

Read More »

Chinese bitcoin mining giant sets up Swiss hub

One of the world’s largest bitcoin miners is setting up a hub for European operations in Switzerland, a person familiar with company has confirmed to swissinfo.ch. The Chinese firm Bitmain Technologies is setting up in Zug just as the Chinese authorities move to shut down cryptocurrency miners.

Read More »

Swiss universities loved by foreign students

More than half of those doing a doctorate in Switzerland come from abroad, according to a new global education report. Foreign students are especially drawn to courses in the natural sciences. International students make up 17% of those studying at Swiss universities, said the Organisation for Economic Co-operation and Development (OECDexternal link) in its Education at a Glance 2017external link, published earlier this week.

Read More »

Chiasso accepts tax payments in bitcoin

Switzerland ramped up its bid to become a global hub for financial technology (fintech) and cryptocurrency start-ups with the decision by a town on the Italian border to accept tax payments in bitcoin. Chiasso announced that it would take bitcoin to settle up to CHF250 ($265) of tax bills from the start of next year.

Read More »

Swiss rated third in health services quality survey

Switzerland has been rated third in a global ranking of the access to and the quality of healthcare systems – a report that shows large gaps between the best and worst ranked countries.​​​​​​​ The survey, published online on Thursday in the medical journal The Lancetexternal link, looked at healthcare quality in 195 countries.

Read More »