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Tag: Swiss

Demand for digital euro not yet clear, says BBVA exec

Blockchain

The European Central Bank should rely on public-private cooperation for issuing a digital euro, an exec at BBVA’s digital regulation team said.

Switzerland: World’s First Solana (SOL) ETP to Go Live on SIX Swiss Exchange

Blockchain
21Shares Launching World’s First Solana ETP on SIX Swiss Exchange
21Shares Launching World’s First Solana ETP on SIX Swiss ExchangeInstitutions are steadily warming up to Solana (SOL). Solana ETP to Go Live in Switzerland Swiss investment product provider 21Shares is poised to launch the world’s first Solana exchange-traded product (ETP), a report by Coindesk says. The vehicle, which is currently trading under the “ASOL” ticker will be live for trading from June 29 onwards.
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Can This Token Could Be About to Replicate ICPs Success

Blockchain
It’s highly probable that many a crypto entrepreneur hopes and dreams that their token will one day attain a coveted spot in the top ten highest-ranked tokens by market cap. After all, if Dogecoin can stage an epic comeback to comfortably occupy a top slot, then anyone else can do it, right? In May, one token managed to do what many believed simply isn’t possible. Internet Computer (ICP) became a top ten crypto within a matter of days from launching. And, if the fundamentals play any significant role in how ICP achieved its meteoric ascent, then another token soon looks set to do the same. ICP’s Solid Fundamentals If shooting to the top of the ranking tables is a rare event, then it takes a rare token to do so, and ICP had a lot going for it at launch. The project behind ICP is Dfinity, a Swiss Crypto Valley VC top 50 unicorn initiative valued at $2 billion last year. A valuation at that level already puts it parallel with Polkadot, Cardano, and Tezos, all of which have established Swiss non-profit foundations to support development. Dfinity attracted significant interest from investors early on, with investors including Andreessen Horowitz and Polychain Capital providing $120 million in funding. For a startup without a product or a proof of concept yet, that’s a significant investment. But Dfinity was promising to deliver something big – the Internet Computer. Many crypto aficionados speak of decentralization in terms of blockchain networks and the number of participants. However, blockchains such as Ethereum generally only host digital assets and their transactions. Application data, web hosting, user interfaces – all of these services are provided in the same way they are to all centralized online services, from the big tech firms like Amazon, Google, and Microsoft. Internet Computer is a decentralized cloud computing service for Web 3.0, meaning that applications can significantly further their journey to becoming truly decentralized. It offers the potential to break the stranglehold that big tech has over the internet. As such, when Internet Computer launched its ICP token in May, the markets went wild for it. Coinbase Pro, Binance, and other projects rushed to list it, and the price skyrocketed to the point where ICP was in the top ten. Things have since calmed down, but ICP nevertheless made a highly impressive debut. A Second Bolt From the Blue? If one such event in a year is a rarity, then two would seem impossible. However, Concordium’s GTU token is currently one of the ones worth keeping a very close eye on, simply for the startling number of parallels that can be drawn between Concordium and Internet Computer. Concordium is also developed by its own Swiss foundation, although the project has its origins in Denmark. It was founded in 2018 by Lars Seier Christensen, who founded Danish investment bank Saxo. It’s now led by Lons Fønss Schrøder, who has served on the executive board of global companies including Volvo, IKEA, and Moller-Maersk. The project also has a research team led by Professor Ivan Damgård, co-author of the Merkle-Damgård construction, a cryptographic hashing function widely deployed in blockchains. Like Internet Computer, the project has also gained enthusiastic backing from investors during private fundraising rounds, having raised $41 million this year alone. It’s also achieved unicorn valuation status, worth $4.45 billion at the time of writing. Solving Enterprise Identity Challenges Concordium has a slightly different but no less valuable proposition from Internet Computer. The project has only just launched its enterprise-grade development platform on mainnet, having undertaken four successive testnet runs over the last twelve months. Concordium believes it can sell itself to enterprises thanks to its unique identity layer. Whereas most public blockchains operate pseudonymously, this level of anonymity is unsuitable for businesses, which often need to identify the counterparties to transactions for legal reasons. Therefore, Concordium aims to solve this dilemma by offering an identity solution that uses zero-knowledge proofs to allow a user to get verified off-chain, then transact as a verified participant on-chain. However, the zero-knowledge proofs ensure that their off-chain identity is anonymized on-chain. The failsafe for enterprises is that if there’s a legitimate legal requirement to identify someone, Concordium initiates a secure process that allows the legal authority making the request to receive confirmation of the user's identity – but without anyone else being privy to the information. Early Interest from Enterprises Concordium has already onboarded at least one major enterprise partner that we know about. In February this year, the project announced a joint venture together with Geely, the firm behind Volvo. The venture involves Geely using Concordium’s blockchain technology to help its enterprise client base develop regulatory and identity-based solutions. Of course, nobody can predict the future. But ICP proved that a token with the right fundamentals could disrupt the upper echelons of the crypto ranking tables right out of the box. Now it’s been done once, it’s just a matter of waiting for the next big token to emerge, and currently, Concordium’s GTU token looks like one of the most likely contenders.

The post Can This Token Could Be About to Replicate ICPs Success appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

It’s highly probable that many a crypto entrepreneur hopes and dreams that their token will one day attain a coveted spot in the top ten highest-ranked tokens by market cap. After all, if Dogecoin can stage an epic comeback to comfortably occupy a top slot, then anyone else can do it, right?  In May, one …

Maps.me Announces New Cashback Partnership with Booking.com

ACN Newswire
ZUG, SWITZERLAND, June 28, 2021 - (ACN Newswire) - Maps.me has announced a new partnership with Booking.com that will enable users to earn cashback rewards in their...

Biospectal Announces Alpha Launch of OptiBP™ for iOS at MWC Barcelona

Cyber Security
"Bringing our software-based solution to the iPhone is a major step in our mission to make monitoring readily available and...

Blockchain Technology Not Ideal For CBDCs, SWISS Central Bank Economist Argues

Blockchain
U.S. Struggles To Keep Up As China Further Develops Its CBDC
Central bank digital currencies (CBDCs) have little structural benefits to draw from decentralized features of blockchain technology, according to the chief economist at Swiss National Bank Carlos Lenz. Lenz said that blockchain happens to be very inefficient, which nullifies decentralization in CBDCs as an ideal solution. Apart from blockchain technology, he said that there are […]

Mexican Bank, Banco Azteca Working to be the First Bank in Mexico to Accept Bitcoin

Blockchain

Ricardo Salinas, one of the richest men in Mexico is bullish on Bitcoin (BTC). His conviction that Bitcoin is a viable store of asset and a superior alternative to fiat currencies has stirred his resolve to work to make his bank, Banco Azteca the first to accept Bitcoin in Mexico. Salinas made this revelation on

The post Mexican Bank, Banco Azteca Working to be the First Bank in Mexico to Accept Bitcoin appeared first on Coingape.

Report: Swiss National Bank Has No Plans for a Digital Swiss Franc

Blockchain
Swiss National Bank Has No Plans for a Digital Swiss Franc
Swiss National Bank Has No Plans for a Digital Swiss FrancThe Swiss are in no rush to launch a central bank digital currency (CBDC). Swiss National Bank Clears the Air on CBDC According to a report in the Swiss weekly business publication Handelszeitung, the Swiss National Bank (SNB) is in no rush to introduce a CBDC. The development, or its lack, was announced at a
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Instimatch Global Partners with Swiss Fintech FQX to Offer Short-Term Financing and Payment Tool

Crowdfunding
Switzerland’s Instimatch Global, a digital platform for institutional short-term money market trading, is teaming up with Swiss Fintech FQX to complement its main...

Swiss-Based 21Shares Launching World’s First Solana ETP 

Blockchain

21Shares, the investment product provider based in Switzerland has recently revealed that it is introducing the first Solana ETP in the world.

Sotheby’s Auctions First Five CryptoPunk Prints

Blockchain
Each signed print comes with the NFT for the associated CryptoPunk.

Spring Sweet Spring playoffs fantasy goes live

Esports
The group stage of Spring Sweet Spring 3 has come to a conclusion, with eight teams advancing from the Swiss format to the...
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