Switzerland-based crypto-friendly SEBA Bank announced it has received an approval-in-principle to operate in Hong Kong. The regulatory nod brings the Swiss bank’s local entity closer to becoming a licensed provider of various services for crypto assets in the Chinese region. SEBA Bank Takes a Step Towards Full Crypto License in Hong Kong SEBA Hong Kong,…
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A new report unveils a surge in gold acquisitions by Eastern nations, challenging the West’s long-standing dominance in gold pricing and altering the power equation in the global arena. Research Highlights East’s Rise as Challenger to West’s Gold Pricing Tradition In a comprehensive exposé on Seeking Alpha, Gainesville Coins’ gold analyst Jan Nieuwenhuijs emphasizes the…
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Switzerland continues to drive Bitcoin adoption despite well-developed traditional financial infrastructure. Switzerland has long been a haven for the wealthy due to its well-established banking secrecy laws, but its citizens have warmed quickly to the self-sovereign ideals behind Bitcoin (BTC). Giw Zanganeh, head of Lugano’s Plan ₿ initiative, highlighted the growing use of Bitcoin for…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Bitget Launches Crypto Loans Product, Ethereum Community Proposes New Standard to Strengthen DeFi Protocols’ Security, China Tightens Exports of Two Key Materials Used in Computer Chips Read more…
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Bitcoin investment products have experienced $310.6 million in inflows over the last two weeks. Bitcoin (BTC) has been the “primary focus” for institutional investors over the last two weeks, according to CoinShares, as the cryptocurrency continues to hit new highs for 2023. In a July 3 report from CoinShares’ head of research James Butterfill, the…
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Project Mariana uses an automated market maker to reduce settlement risk and to create a liquidity pool in place of order books. The Bank for International Settlements (BIS) Innovation Hub published an interim report on Project Mariana, its collaboration with the central banks of France, Singapore and Switzerland, on the use of wholesale central bank…
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The chairman of Swiss Central Bank,Thomas Jordan, has announced that the central bank is launching a wholesale CBDC on Switzerland’s SIX digital exchange as part of a pilot. In a conference at Zurich on Monday, the Swiss central bank chair said that the project would begin soon, Reuters reported. The wholesale CBDC pilot will run…
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Law enforcement officials in Switzerland reportedly seized approximately $26 million in bitcoin and other cryptocurrencies, believed to be linked to Terraform Labs and its co-founder, Do Kwon. Local media in South Korea revealed that the funds were confiscated from Sygnum, a crypto bank based in Zurich. The U.S. Securities and Exchange Commission is said to…
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Thomas Jordan, head of the Swiss National Bank, announced the project at a conference in Zurich; bank still feels “prudent” about a retail CBDC, though. The head of the Swiss National Bank (SNB) has announced that the bank will launch a wholesale central bank digital currency (wCBDC) pilot project, according to a report. Reuters quoted…
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American television presenter and author, John Stossel, released a video on June 20, 2023, where he delved into the findings of a recent study on global economic freedom. Conducted by the Heritage Foundation and unveiled in late February, the research unveils a stark reality: the United States has experienced a substantial decline in economic freedom.…
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