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Blockchain Could Be Set for $462 Billion Finance Industry Stake by 2030

Blockchain Could Be Set for $462 Billion Finance Industry Stake by 2030

London-based global information provider IHS Markit have estimated that the finance industry blockchain market is set to reach USD 462 billion by 2030. The value of blockchain in the financial sector reached USD 1.9 billion in 2017, according to IHS Markit’s figures but this total is set to swell significantly given the expected launch of numerous projects over the next …


Credit Suisse Successfully Tests Blockchain for Cross-Border Payments

Investment Bank Credit Suisse Successfully Tests Blockchain for Cross-Border Payments

Swiss multinational investment bank and financial service company Credit Suisse confirmed today that its asset management arm which manages over USD 400 billion has successfully tested a blockchain-based cross-border transaction, as reported by Reuters. According to the post, parties involved in the test — Portugal’s online bank Banco Best and Luxembourg-based order-routing platform Fundsquare — confirmed that a blockchain-based platform was used …


VC Investments Push Swiss Startups to $1.25 Billion Record

VC Investments Push Swiss Startups to $1.25 Billion Record (1)

This year’s Swiss Venture Capital Report has revealed that Swiss startups are increasingly attracting venture capital investment, with 2018 breaking all records. The latest report, released by news outlet Startupticker.ch and the Swiss Private Equity and Corporate Finance Association (SECA), points to cryptocurrency companies as being at the forefront of attracting VC investment with Swiss startups receiving almost CHF 1.24 …


Mixed Bitcoin Messages From Davos World Economic Forum

Bitcoin was the talk of the town in Switzerland last year when the world’s movers and shakers assembled at Davos for the 2018 World Economic Forum, but this year the cryptocurrency demands a far less prominent position at the table. The comparison is startlingly obvious. From getting a fair degree of attention a year ago at the 2018 Conference, albeit …


Swiss Point to Stablecoins as Next Crypto Innovation

Swiss Point to Stablecoins as Next Crypto Innovation

A computer scientist and economist who co-founded the Bitcoin Association Switzerland, Luzius Meisser, has spoken out about the direction of the cryptocurrency industry, pointing to stablecoins as the next big mover. Meisser, who is also on the board at brokerage firm Bitcoin Suisse AG, was speaking at the Crypto Finance Conference in St Moritz on 16 January when he said …


Swiss Bank Vontobel Launches Digital Asset Custody Vault

Swiss Private Bank Vontobel Launches Compliant Digital Asset Custody Vault Solution

Switzerland-based investment bank Vontobel announced today that it is launching a custody solution with a digital asset vault service for its customers. Per the announcement, this will allow financial intermediaries such as banks and asset managers to offer their customers a more secure and easy way to buy, hold and transfer their digital assets, within an unprecedented infrastructural standard. The …


Crypto Community Happy with Switzerland’s New Industry Friendly President

Switzerland has a new rotating president as its former finance minister Ueli Maurer takes over the helm after overseeing the country’s financial sector for 3 years. The move is seen as a positive one in the eyes of Switzerland’s burgeoning cryptocurrency community, as Maurer had been at the helm of numerous positive developments in the crypto arena during his role …


Surge in Global ATMs Defies Crypto’s Downward Price Trends

Surge in Global ATMs Defies Crypto's Downward Price Trends

With Bitcoin trading at under USD 3,800 at the time, it marks a year of significant downward movement over a period of 12 months. Yet the rise in the number of global ATMs being installed is continuing. Bitcoin’s recent slump hasn’t seemed to have affected the ATM industry with reports that it’s healthier than ever, given that at the beginning …


Swiss Report Recommends Flexible Revisions to Blockchain Regulations

Swiss Report Recommends Flexible Revisions to Blockchain Regulations

A new Swiss report on blockchain technology by a federal blockchain/ICO working group has recommended flexible changes to existing regulations that oversee the space in that country. Regarding cryptocurrency, the report is specifically calling for more clarity for exchanges while safeguarding the current Anti Money Laundering (AML) Act to safeguard the rights of investors. Heinz Tännler, President of the Swiss …


Bitcoin-Powered Stock Trading: A Future Without Fiat?

Bitcoin-Powered Stock Trading: A Future Without Fiat?

Quantitative financier Amatsu Soyonobu, with co-worker Tagawa Hayashida, has come up with their own use case for Bitcoin, after the new CEO left his Silicon Valley job in search of achieving his goal to find a value case for Bitcoin outside its store value. Soyonobu, an ex-Apple software manager, decided to take things into his own hands as an act …


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