Switzerland

Swiss Post’s banking arm developing in-house crypto custody platform

Switzerland’s Post Office is set to onboard cryptocurrency trading through its banking arm PostFinance as user appetite for custody grows in the country. Some 2.6 million users that currently bank with PostFinance, the fifth largest bank in the country, are expected to be able to buy and sell Bitcoin and other cryptocurrencies through an inhouse trading and custody service in the next two years. As reported by local media outlet Swissinfo, the executive board of the Post Office’s banking arm intends to provide direct access to cryptocurrency markets through a proprietary service operated by PostFinance by 2024 at the latest. It’s the latest step by the institution to afford its clients the ability to gain access to cryptocurrencies. In 2021, PostFinance partnered with online trading platfo...

Football Accumulator Betting Tips for Sunday 12th June 2022: Back Our 7/1 Three-Fold With A Free Bet

Ahead of Sunday’s UEFA Nations League action, we have picked out three fixtures for a 7/1 accumulator – better yet, customers yet to register with Virgin Bet can get a £20 free bet to use across their platform. Three legs make up our Sunday accumulator, which has odds of roughly 7/1. A £10 stake would return around £80 (Odds subject to change). Football Accumulator Tips Football Accumulator Betting Offer: Virgin Bet – Bet £10 Get £20 In Free Bets Virgin Bet are offering new customers the chance to get £20 worth of free bets upon signing up. Simply place a £10 qualifying bet , and you’ll receive £20 in free bets in return. Just follow the step-by-step guide below to redeem yours. Top 5 New Football Betting Sites Sites Highlights Register 4. Bet £10 Get £20 In Free Bets Already claimed Virgi...

Tether is ‘instrument of freedom’ and ‘Bitcoin onramp,’ says Bitfinex CTO

On a sun-splashed day in the Swiss Alps, the chief technology officer of Bitfinex and Tether, Paolo Ardoino, shed light on the Plan B Lugano strategy, Tether as an onramp into Bitcoin (BTC) and —crucially — his favorite pizza toppings.  Fresh off the plane from Norway, where Ardoino attended an increasingly Bitcoiner-friendly event, the Oslo Freedom Forum, the Italian explained that, in contrast to the WEF,there was no “shilling” in Norway. Tether was invited to speak at the Oslo Freedom Forum as the stablecoin is increasingly considered an “instrument of freedom.” Tether has been adopted by the Myanmar government while the Ukrainian government has accepted crypto donations, including Tether, since the onset of the Russia-Ukraine war.  “Tether is one of the tools to be used by di...

Football Accumulator Betting Tips for Sunday 5th May 2022: Back Our 5/1 Three-Fold With A Free Bet

Ahead of Sunday’s UEFA Nations League action, we have picked out three fixtures for a 5/1 accumulator – better yet, customers yet to register with Virgin Bet can get a £20 free bet to use across their platform. Three legs make up our Sunday accumulator, which has odds of roughly 5/1. A £10 stake would return around £60 (Odds subject to change). Football Accumulator Tips Football Accumulator Betting Offer: Virgin Bet – Bet £10 Get £20 In Free Bets Virgin Bet are offering new customers the chance to get £20 worth of free bets upon signing up. Simply place a £10 qualifying bet , and you’ll receive £20 in free bets in return. Just follow the step-by-step guide below to redeem yours. Top 5 New Football Betting Sites Sites Highlights Register 4. Bet £10 Get £20 In Free Bets Already claimed Virgi...

Football Accumulator Betting Tips for Sunday 5th May 2022: Back Our 5/1 Three-Fold With A Free Bet

Ahead of Sunday’s UEFA Nations League action, we have picked out three fixtures for a 5/1 accumulator – better yet, customers yet to register with Virgin Bet can get a £20 free bet to use across their platform. Three legs make up our Sunday accumulator, which has odds of roughly 5/1. A £10 stake would return around £60 (Odds subject to change). Football Accumulator Tips Football Accumulator Betting Offer: Virgin Bet – Bet £10 Get £20 In Free Bets Virgin Bet are offering new customers the chance to get £20 worth of free bets upon signing up. Simply place a £10 qualifying bet , and you’ll receive £20 in free bets in return. Just follow the step-by-step guide below to redeem yours. Top 5 New Football Betting Sites Sites Highlights Register 4. Bet £10 Get £20 In Free Bets Already claimed Virgi...

Tether launches crypto and blockchain education program in Switzerland

Switzerland’s southern city of Lugano will host a blockchain- and cryptocurrency-focused school as part of a partnership between the local government and Tether (USDT). In a Thursday announcement, Tether and Lugano said they will be launching the Plan ₿ Summer School in an effort “to bring blockchain and crypto education to the masses.” The education center is part of Tether’s “Plan ₿” initiatives with the Swiss city, which have included making Bitcoin (BTC), Tether (USDT) and the LVGA token legal tender in the area. @luganomycity @Tether_to @FranklinSwitz @USI_university announced today the launch of @LuganoPlanB Summer School, 3-16 July 2022. Apply now #Lugano @LuganoLivingLab https://t.co/PI0USZpA96 — Lugano (@luganomycity) May 19, 2022 According to the school’s website...

Swiss think tank urges greater global cooperation on crypto regulation

In a bid to combat illegal activity and “regulatory arbitrage,” a Swiss-based think tank has urged greater international cooperation on cryptocurrency regulation. On Monday, the Basel Institute of Governance and the International Academy of Financial Crime Litigators released a paper calling for further coordinated action against unlawful crypto-markets. Among the proposed solutions are greater cooperation between jurisdictions, as well as the creation of worldwide standards for cryptocurrency regulation. According to the paper, investigators who work with cryptocurrency should invest in learning approaches and technologies that are contemporary with evolving criminal organization techniques. Also, it recommended judicial authorities come up with new methods for prosecuting vir...

No rescue for Terra: Swiss asset manager denies $3B LUNA/UST bail-out talks

GAM Investments has quashed fake news reports that surfaced on Friday that claimed the Swiss asset manager would invest some $3 billion to aid in the recovery of the Terra ecosystem, including LUNA and TrueUSD (UST) stablecoin.  An announcement published on May 12 claimed that the firm was engaging in talks with Terraform Labs to assist in recovery attempts after Terra’s algorithmic stablecoin UST lost its $1 peg — causing a cataclysmic crash of the acclaimed blockchain protocol which had become a darling of the Decentralized Finance space. Cointelegraph has confirmed with GAM Investments that the press release was fabricated — with head of communications and investor relations Charles Naylor categorically labeling the release as fake news – which even included fake quotes from ...

Internet Computer’s ORIGYN is watching the watches using NFT authentication

ORIGYN, a Swiss foundation that uses artificial intelligence (AI) to identify and authenticate objects of value, has partnered with luxury watch marketplace WatchBox. The pair will co-produce certificates of authenticity in the form of NFTs that enable customers to trade the digital ownership of a watch.  ORIGYN is the largest project on the Internet Computer Protocol, or ICP, developed by The DFINITY Foundation blockchain. Individuals who purchase a collector quality timepiece via WatchBox can expect ORIGYN to certify the authenticated object thanks to its biometric technology. Each watch is given a unique biometric fingerprint and an NFT that contains all of this information is minted.  These are utility NFTs that may offer customers insurance, digital provenance, con...

21Shares launches hybrid Bitcoin and gold ETP to enable inflation hedge

21Shares, a major issuer of cryptocurrency exchange-traded products (ETP), is launching a new ETP tracking a mix of Bitcoin (BTC) and gold. The Switzerland-based firm on Wednesday announced the launch of the 21Shares ByteTree BOLD ETP (BOLD), a new product aiming to provide inflation protection by tracking an index providing risk-adjusted exposure to both BTC and gold. Listed on the SIX Swiss Exchange, the new hybrid ETP is subject to monthly rebalances according to the inverse historic volatility of each asset. At launch, BOLD comprises 18.5% of BTC and 81.5% of gold. The new ETP was developed in collaboration with the United Kingdom-based alternative investment provider, ByteTree Asset Management. The product is positioned as the world’s first combined BTC and gold ETP. “Gold has hi...

Swiss crypto bank Sygnum secures in-principal approval in Singapore

Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, is expanding services after securing new regulatory approval from local authorities. The company announced Tuesday that Sygnum Singapore received in-principle approval from the Monetary Authority of Singapore (MAS) to offer three additional regulated activities under capital markets services (CMS) license. The CMS license was initially granted in 2019, allowing Sygnum Singapore to conduct asset management activities. The latest in-principle regulatory approval upgrades Sygnum Singapore to enable new tools like providing corporate finance advisory services, dealing with tokenized capital market products and digital assets, as well as offering custodial services for asset and security tokens. With the additional ...

FTX expands to Europe with CySEC approval

The global crypto derivatives and spot trading exchange FTX is expanding to Europe after receiving approval from the Cyprus Securities and Exchange Commission (CySEC). The new venture called FTX Europe would offer leading products of the company to the European clients via a licensed investment firm across the European economic area. The new European venture is headquartered in Switzerland along with a regional headquarters in Cyprus. Cyprus is seen as one of the reputed jurisdictions that offers a regulated medium for financial firms to access the European economic area. Thus, FTX would be able to offer its derivative crypto products as well, which is a big breakthrough, given Binance had to shut all crypto derivatives products last year across Europe. Sam Bankman Fried said their new ven...

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