Head of Swiss financial supervisor FINMA Mark Branson says that he is more concerned with the dark corners of crypto than he is with Libra. Mark Branson, head of Swiss financial supervisor FINMA, said that he is more concerned with the dark corners of cryptocurrency than he is with Facebook’s stablecoin Libra. Switzerland will not […]
Continue Reading
Swiss Digital Exchange, a crypto trading platform by SIX Swiss Exchange, reportedly plans to launch its initial digital offering in 2020. Swiss Digital Exchange (SDX), a digital asset trading platform by Switzerland’s principal SIX Swiss Exchange, will reportedly launch its initial digital offering (IDO) in 2020. SDX security token The not-yet-launched SDX has reportedly set […]
Continue Reading
Encrypted instant messaging service Telegram has revealed a wallet for its network’s native token, Gram, available in the app’s alpha version for iOS. Encrypted instant messaging service Telegram has revealed a wallet for its network’s native token, Gram (GRM), available in the app’s alpha version for iOS. As Telegram Info reported on Sept. 26, the […]
Continue Reading
Facebook hires lobbyists as Zuckerberg dines with lawmakers to try to get Libra across the regulatory line. When Facebook published the Libra white paper in June 2019, shockwaves were felt across the crypto markets the world over. Triggering the end of a long bear market, Bitcoin soared past the iconic $10,000 mark, and many prominent […]
Continue Reading
The major flaw in Facebook’s planned cryptocurrency, Libra, is that it’s a closed system — akin to a “walled garden” — argues Ripple executive Marcus Treacher. The major flaw in Facebook’s planned cryptocurrency, Libra, is that it’s a closed system — akin to a “walled garden.” That’s the argument made by Marcus Treacher, Ripple’s senior […]
Continue Reading
Director at Swiss crypto bank Sygnum and former CEO of the largest Swiss bank UBS sees an opportunity to tap the $220 billion cryptocurrency market. Peter Wuffli, the former CEO of Switzerland’s largest bank UBS and director at Swiss crypto bank Sygnum, wants to tap the “$220 billion market of institutions and private individuals who […]
Continue Reading
One of the Big Four banks in the U.K., Lloyds Bank, has partnered with blockchain platform Komgo to speed up international commodity trade finance. Lloyds Bank is partnering with blockchain platform Komgo to streamline its commercial banking division. Blockchain to streamline international trade process On Sept. 25, United Kingdom financial news outlet FStech reported that […]
Continue Reading
Multiple EU politicians are calling for a united European digital currency to counter Facebook’s stablecoin project Libra. The ripples of the Libra effect are beginning to lap against the shores of Europe, with French Finance Minister Bruno Le Maire suggesting that Europe should throw its hat into the ring and launch its own digital currency. […]
Continue Reading
Switzerland’s major stock exchange, SIX Swiss Exchange, has postponed the launch of its blockchain-based SIX Digital Exchange. Switzerland’s principal stock exchange, SIX Swiss Exchange, has postponed the launch of its “fully-regulated” cryptocurrency exchange SIX Digital Exchange (SDX). As Reuters reported on Sept. 23, a spokesperson familiar with the situation said that SIX moved the full […]
Continue Reading
Ex-CEO of UBS and board member of one of Switzerland’s first licensed crypto banks, says the traditional banking industry is starting to take note. Peter Wuffli — the former CEO of major Swiss multinational investment bank UBS — says the advent of new, regulated actors in crypto is drawing the attention of big-name banks. Wuffli […]
Continue Reading