90 Percent of Cryptocurrency Firms May Be Bankrupt in Six Months: Swiss Blockchain Federation

The Swiss Blockchain Federation has reported that up to 90 percent of cryptocurrency and blockchain firms in Switzerland could be bankrupt in six months without any government intervention. This is due to the ongoing COVID-19 situation which has severely hampered the industry’s activities.

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Swiss Regulators Award First Banking Licenses to Blockchain Banks 

FINMA, Switzerland’s financial regulatory body, recently awarded its first banking and securities dealers’ licenses to two Swiss blockchain banks, according to a report by Finews on August 26, 2019. The license comes after the regulatory body released a guideline regarding cryptocurrency and blockchain in the country.

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Switzerland says its national blockchain will be more secure than Bitcoin – it won’t be

Switzerland‘s state-run postal and telecoms services are hellbent on building a national blockchain in a bid to recruit local businesses to convert to distributed ledger technology (DLT). Swiss Post and Swisscom have shared details of joint-venture to build a completely private Swiss blockchain for launching locally operated “decentralized” applications.

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Top 6 Swiss Blockchain Startups with Potential

Various European countries are positioning themselves as welcoming to blockchain and cryptocurrency firms. Switzerland is one of the leaders in this regard. A few key projects have been identified as potential investment opportunities for Swiss speculators and wealthy individuals.

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A Glimpse Into Crypto Valley In Zug, Switzerland

Let’s be honest, when most of us think of Switzerland, we think of three things: chocolate, luxury watches, and secret Swiss bank accounts. However, in the past year or two Switzerland has been hitting the headlines for something entirely different: the blockchain and cryptocurrency hub of Crypto Valley.

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Largest Swiss Blockchain Summit Comes Back

Blockchain Leadership Summit: 23-24 November 2018, Congress Centre Basel, Switzerland.

The post Largest Swiss Blockchain Summit Comes Back appeared first on CoinSpeaker.

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Binance Partners with Liechtenstein Cryptoassets Exchange (LCX), Launches Fiat-to-Crypto Exchange for Cryptocurrency Investors

Binance has partnered with Liechtenstein Cryptoassets Exchange (LCX) and declared the launch of Binance LCX. Binance LCX, a fiat-to-crypto exchange based in Liechtenstein, is aimed to offer trading between Swiss francs and Euros against major cryptocurrencies.

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Equibit opens new office in Switzerland’s “Crypto Valley”

Equibit, a company applying blockchain technology to establish peer-to-peer equity and debt marketplaces, announced its new office opening in Zug, Switzerland, also known as “Crypto Valley. ” The Swiss city has an established track record.

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LARGEST SWISS BLOCKCHAIN SUMMIT COMES BACK

Blockchain Leadership Summit 23-24 November 2018 Congress Centre Basel, Switzerland Zug, Switzerland Largest Swiss Blockchain Summit, Blockchain Leadership Summit comes back the 23-24 of November, 2018.

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Two Swiss Banks Now Accepting Money From Crypto-related Activities

Switzerland is a major financial center and the land of private banks, the choice destination where old money is being kept under lock and key in secret vaults or secret bank accounts. In this age of cryptocurrencies, the Swiss proved to be just as adept as there are now two Swiss banks that offer financial […] Two Swiss Banks Now Accepting Money From Crypto-related Activities was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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Using Blockchain Technology to Prevent Workplace Crimes

A U. S. -based startup company called I’ve Been Vetted (IBV) is using blockchain technology to prevent workplace crimes.   The specific distributed ledger protocol that IBV is using comes from Swiss startup KryptoPal, which provides blockchain solutions for enterprises.

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PwC’s Pierre-Edouard Wahl: Blockchain Can Bring Positive Competition to Swiss Banking Space

Pierre-Edouard Wahl, PwC Switzerland’s head of blockchain, thinks that regulators need to focus on smart contract regulation rather than just the regulation of tokens

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More Than a Ledger: How Blockchains Will Democratize Wealth

To Mark Pascall, co-founder of BlockchainLabs New Zealand (NZ) and president of the Blockchain Association NZ, the blockchain space is more than just a new technology layer, it’s a “fundamentally different way for organizations and societies to operate.

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Marketplace Using Blockchain to Revolutionize Digital Finance Announces its Crowdsale

Lykke announced the start of its ICO campaign. The offering will last four weeks and ends on October 11, 2016. The company hopes to raise 1. 5 million Swiss francs through the sale of thirty million Lykke coins, a cryptographic currency that uses the Bitcoin blockchain to record transactions.

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Lykke to list BitShares BTS on the Lykke Exchange

Lykke, a Swiss Fintech company building a regulated, blockchain-based global marketplace, and BitShares, a pioneer in decentralized financial exchange technology, have announced plans to implement the BitShares blockchain on the Lykke platform and make the BitShares core asset, the BTS token, available for trade on the Lykke Exchange.

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Cease and Desist Order Against Genesis Mining Now Withdrawn

After five long months of working with South Carolina officials, Genesis Mining has been dropped from the cease and desist order it received back in March 2018 from the South Carolina Securities Division.

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Swiss Blockchain Startup DAV Pledges to Support “Killer” Apps for Cars

The DAV Foundation plans to launch “killer” apps for cars, like ride-hailing, car sharing and parking solutions based on blockchain.

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Swiss FINMA Opens Investigation Against Envion AG’s Blockchain Startup ICO

New Investigation By Swiss FINMA Against Envion AG For Allegedly Breaking Financial Market Rules The Swiss Financial Market Supervisory Authority published a press release this month to let the public know about an investigation that is currently underway.

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Here Is How The Tron Virtual Machine (TVM) Will Be The MacGyver of the Blockchain Industry

Many adults who grew up in the 80s and 90s, knew MacGyver was the bad-ass hero who did not use guns but could save the world using a wrench and some chewing gum. He was an educated scientist and secret agent who was very resourceful.

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Blockchain’s Way Forward Is Self-Regulation, Swiss Crypto Executive Says

A CVA director has said it is important for the blockchain community to embrace self-regulation so as to accelerate the growth of the industry.

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Tezos Foundation Hires PwC as Auditor

PwC’s Swiss arm will audit Tezos Foundation, the organization developing the Tezos blockchain protocol.

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University of Gulf University authorized the Blockchain students

Swiss blockchain company KryptoPal will be working together with Gulf University in the Kingdom of Bahrain to develop and then implement a self-sovereign student portfolio management system built on smart contract technology.

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Pressure Mounts on Switzerland Banks to Serve Crypto and Blockchain Start-ups More

Banks in Switzerland are under pressure from the populace and the government to serve cryptocurrency and blockchain start-ups more and better. Two Swiss banks severed ties with cryptocurrency startups in the country recently, and some are planning to do so.

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Switzerland Raises Pressure on Banks to Serve Crypto and Blockchain Start-ups

Swiss officials have expressed concerns after two banks stoped offering their service to crypto and blockchain companies. Zuercher Kantonalbank (ZKB), Switzerland’s fourth biggest bank, has closed the accounts of more.

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Restaurant loyalty program foodchains partners with blockchain loyalty protocol qiibee

qiibee, the Swiss loyalty token protocol which helps brands around the world run their loyalty programs on the blockchain, has announced a partnership with Chinese restaurant loyalty rewards program foodchains, creating a blockchain-based cryptocurrency in the process.

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Missed the TechCrunch Sessions: Blockchain in Zug? Here Are Key Insights From the Conference

On July 6, 2018, a few hundred blockchain and crypto enthusiasts arrived in the Swiss town Zug, often dubbed… The post Missed the TechCrunch Sessions: Blockchain in Zug? Here Are Key Insights From the Conference appeared first on Invest In Blockchain.

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Richemont (Cartier) Swiss Luxury Goods To Use Blockchain For Diamond Tracking

Swiss Luxury Goods Giants Richemont To Track Diamonds With Blockchain Richemont, the owner of some of the planet’s largest manufacturers of luxury goods has announced its intentions to implement blockchain technology.

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TokenPay and Litecoin Foundation Acquire 9.9 Percent Stake in German Bank

On July 10, 2018, Swiss cryptocurrency company TokenPay, in partnership with the Litecoin Foundation, acquired a 9. 9 percent stake in Germany’s WEGBank AG with an option to purchase 90 percent of the latter’s business following relevant regulatory approvals.

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Sirin Labs Releasing $1000 Blockchain Phone

Sirin, a Swiss tech hardware company, has announced the release of a $1000 blockchain powered smart phone to be released later this year. The phone is called ‘Finney’ and will come with blockchain features such as a secure P2P resource-sharing utility, a built-in cold storage crypto wallet that will support all major cryptocurrencies and tokens, […]

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Swiss Luxury Goods Giant Richemont Utilizes Blockchain to Upgrade Its Supply Chain

The Cartier’s parent company expects the innovative technology to increase the transparency of its logistics system. The new board member of Richemont Jin Keyu who announced this decision also made a strong point on the importance of the academic research of the crypto sphere form the macroeconomics perspective.

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Cartier Owner Richemont Plans to Track Diamonds With Blockchain

A board member at Swiss luxury goods maker Richemont has said the firm will use blockchain to bring transparency to its supply chain.

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Sirin Labs Releasing $1000 Blockchain Phone

Sirin, a Swiss tech hardware company, has announced the release of a $1000 blockchain powered smart phone to be released later this year. The phone is called ‘Finney’ and will come with blockchain features such as a secure P2P resource-sharing utility, a built-in cold storage crypto wallet that will support all major cryptocurrencies and tokens,… The post Sirin Labs Releasing $1000 Blockchain Phone appeared first on UNHASHED.

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Strategic Partnership Announced Between TokenPay and Litecoin Foundation

In May 2018, TokenPay Swiss AG joined with WEG Bank in Germany. The former attained a 9. 9 percent stake in the bank, along with the option to purchase as much as 90 percent, pending regulatory approval.

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Swiss Stock Exchange (SIX) to Launch Blockchain Trading & Security Tokenizing Platform

Swiss Stock Exchange Ready to Launch its Blockchain-Based Trading Platform In order to attract more investors and be part of the crypto and blockchain market, the Swiss Stock Exchange – also known as SIX – is planning to introduce a blockchain based trading platform.

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Digital Assets Exchange Program Begun by Swiss Stock Exchange

Switzerland’s principal stock exchange SIX announced today, July 6, that it will open a “fully-regulated” cryptocurrency exchange next year. In an official press release, SIX confirmed it would use so-called distributed ledger technology (DLT) –– of which blockchain is one type –– to build what they are dubbing a “digital asset ecosystem,” Six Digital Exchange

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Swiss Bourse Builds Blockchain Trading Platform

The new digital asset service will start next year with the aim to tokenize traditional securities and non-banking assets.

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Swiss Stock Exchange To Create New Digital Exchange Platform

Switzerland is quickly becoming a central hub for cryptocurrency and blockchain technology. Switzerland is the home of the Crypto Valley (Zug) and of course, as a nation are very open towards the idea of cryptocurrency and blockchain technology.

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Some potential investors find the process of acquiring cryptocurrencies rather complicated, according to a new survey conducted among US residents. Despite that finding, and other obstacles, another study confirms the recently reported increase

Despite that finding, and other obstacles, another study confirms the recently reported increase in capital raised through coin offerings this year. Also in today’s Bitcoin in Brief, the Swiss city of Zug concludes successfully its experimental vote on blockchain.

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Swiss “Crypto Valley” Completes Blockchain Voting Trial

Hailed as a “success” by local officials, the vote was held using a trial digital ID system announced in June of this year. City authorities, who have issued digital identities to residents since 2017, are currently evaluating different applications of blockchain technology for governance.

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Lausanne Tests Blockchain Voting after Successful Poll in Zug

The implementation of blockchain in public polls is in line with government plans to introduce eVoting in Swiss legislation.

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Zug’s Voting Commissioner Calls Election a success despite low turnout.

The Swiss city of Zug’s first local blockchain-based municipal vote has been successfully completed, the Swiss News Agency reported yesterday, July 2. Zug, also known as Crypto Valley, announced plans to trial a blockchain voting system using the city’s digital ID (eID) system, launched in November 2017, that allows citizens to vote on their mobile

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Swiss Finance Director Confident That Full Banking Will Extend to Crypto Companies

Switzerland appears to be moving closer to offering traditional banking services to the large numbers of blockchain companies that have set up there. The finance director of Zug, one of the centres of the nation’s blockchain industry, has spoken optimistically about the market’s future regarding banking.

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EU’s Report on Cryptocurrencies: Says Officials “Should Not Ignore” Them

The EU’s Policy Department for Economic, Scientific and Quality of Life Policies released a report entitled “Virtual currencies and central banks monetary policy: challenges ahead.

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Swiss Firm Offers Crypto Storage So Secure It Can Survive Any Catastrophe

With the recent incidents of hackers successfully breaching cryptocurrency exchanges and getting away with multi-million loots, investors are starting to wonder if the run-of-the-mill security protocols currently in place are still enough to safeguard their digital assets.

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SharesPost Report Estimates Blockchain Opportunity Exceeding $2.5 Trillion By 2028

Following news that the Swiss Bankers Association (SBA) has created a working group dedicated to helping local blockchain companies open bank accounts, we thought readers might be interested in comments from Gianluca Giancola, Co-founder of Zug-based blockchain-powered loyalty ecosystem qiibee.

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Swiss Banks’ Practices Towards Blockchain Companies Under Scrutiny by Finance Minister

The Swiss Finance Minister, Federal Councilor Ueli Maurer, has set-up a working group under the leadership of the Swiss Banking Association (SBA) to develop recommendations on how banks should deal with.

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Swiss Still Bullish on Blockchain – Banks to Ensure Easy Access to Services for Blockchain Companies

Heinz Tannler, the Financial Director of Zug, the crypto valley of Switzerland, has called on the Swiss Bankers Association (SBA) to bring blockchain companies into the traditional banking sector.

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Switzerland Creates Working Group to Help Blockchain Companies Open Bank Accounts

The Swiss Bankers Association has created a working group to assist blockchain companies in opening up bank accounts in the country

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Daniel Diemers From PwC Strategy& Switzerland: Adoption of New Technologies Requires More Education

What blockchain can do for the financial sector and whether Swiss crypto-francs are a good idea, interview with PwC’s Strategy&’s Daniel Diemers

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