Blockchain/Bitcoin
Facebook Can’t Be Trusted to Manage Cryptos, US Senators Say Following Novi Launch
A number of US lawmakers jointly issued a statement saying that Facebook cannot be trusted to manage cryptocurrency and has urged Mark Zuckerberg to stop the launch of Novi and Diem immediately. Facebook had just announced the pilot launch of
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6 Fast-Growing Fintech and Blockchain Startups from Zug
Within the Greater Zurich Area, Zug has emerged as a hotspot for fintech startups, home to some of the world largest and most renowned blockchain projects and networks including Ethereum, Cardano and Polkadot. The canton is primarily known for hosting
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Digital Asset Manager CoinShares Snaps up 9% Stake in FlowBank for US$11.8 Million
London-based digital asset manager CoinShares has acquired a 9.02% stake in Swiss online bank FlowBank for US$11.85 million. With this move, FlowBank’s clients can invest in CoinShares’ crypto ETPs. From next year onwards, customers will be able to directly buy,
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German Regulator BaFin Grants Third Crypto Custody License to Tangany
Tangany has received a license from the German Federal Financial Supervisory Authority (BaFin) as the third regulated service provider for the custody of digital assets in the country to provide crypto custody business. Furthermore, Tangany plans to apply for further
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Deutsche Börse to Roll Out Digital Post-trade Platform
Global market infrastructure provider Deutsche Börse plans to launch a regulatory compliant, fully digital post-trade platform called D7, anchored in the recently introduced German digital securities law framework. The new cloud-backed and DLT-ready D7 platform will enable market participants to
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FQX Bags Award at the Fintech Germany Awards 2021
FQX, a Swiss-based provider of electronic promissory note infrastructure to facilitate trade finance and money markets, has won an award at the Fintech Germany Awards 2021. The startup bagged an award for the category “Foreign Entrant into the German Market”,
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Lykke Business Appoints Dom Braun as New CEO
Lykke Business, a Swiss fintech company that runs the crypto exchange Lykke Wallet for retail and professional traders, announced that it has appointed Dom Braun as its new CEO. Dom is an experienced business and technology leader who will succeed
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BIS Joins Forces With Seven Central Banks to Explore Practicality of Retail CDBCs
A group formed by seven central banks and the Bank for International Settlements (BIS) has now turned to practical policy and implementation issues for retail Central Bank Digital Currencies (CBDCs), building on an initial report published in 2020. The central
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Visa Teases Plans for an Interoperable Hub for Crypto Payments
Visa announced that it is currently developing the “Universal Payment Channel” (UPC), a hub that connects multiple blockchain networks and allowing for secure transfer of digital currencies. The payments giant calls it a a “universal adapter” among blockchains, allowing central
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85% of World’s Largest VCs Bet on Blockchain and Crypto
Out of the world’s 20 largest venture funds based on assets under management (AUM), 17 have invested in companies involved in blockchain technology or cryptocurrencies, implying that 85% of the world’s biggest investors have committed part of their funds to
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