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“# Swiss regulators reject Bitcoin Suisse’s banking license application ” Switzerland’s Financial Market Supervisory Authority — the country’s principal financial regulator — has denied Bitcoin Suisse’s application for a banking license. According to an official announcement on March 17, Bitcoin Suisse’s current application is ineligible for approval on the grounds that “various elements that are…
“# Major Swiss retailers set to debut Bitcoin gift cards ” Switzerland’s crypto boom has entered another dimension with retailers rolling out Bitcoin (BTC) vouchers and gift cards. According to Swiss daily Tages-Anzeiger, Manor — the country’s largest department store chain — is already selling Bitcoin voucher cards in 59 of its branches. Meanwhile, the…
“# ICON (ICX) unaffected by South Korean tax investigation into ICONLOOP, says chairman ” The ICON Foundation, creator of the ICON (ICX) project, has issued an official response to the news that South Korean tax authorities are investigating its technical partner, ICONLOOP. In a statement published on Monday, the chairman of the ICON Foundation, Min…
“# Crypto Valley’s top companies up 680% in value since mid-2020 ” A report compiled by a Swiss venture capital company has revealed that the value of the largest fifty firms operating in the country’s famed Crypto Valley has increased by 680% since July 2020. The Top 50 Report, from Zug’s Crypto Valley Venture Capital,…
“# CoinShares launches new physically-backed Ether ETP ” Major European digital asset manager CoinShares is expanding its product portfolio with a new physically-backed Ether (ETH) exchange-traded product, or ETP. Called CoinShares Physical Ethereum (ETHE), the new investment product is launching with around $75 million in assets under management. Announcing the news Wednesday, CoinShares said that…
“# Swiss crypto ETP issuer passes $1B assets under management ” 21Shares, a Switzerland-based provider of cryptocurrency exchange-traded products, or ETPs, has recorded a 100% growth in assets under management over the past two weeks. The company announced Monday that 21Shares has passed the $1 billion mark in AUM across its diversified 12 crypto asset…
“#Pilot rescued after small plane crashes into Swiss lake” BERLIN — A small plane crashed into Lake Constance on its approach to an airfield in northern Switzerland on Thursday, police said. The pilot was rescued. The aircraft heading for the Altenrhein airfield on the shore of the lake was reported missing late Thursday morning, prompting…
“# Swiss canton of Zug starts accepting tax payments in cryptocurrency ” The Swiss canton of Zug now allows its residents to pay taxes in cryptocurrencies like Bitcoin (BTC) and Ether (ETH). Bitcoin Suisse, a local crypto broker that enabled the new opportunity in partnership with the canton, announced Feb. 17 that the crypto payment…
“# Nigeria and South East Asia led global crypto adoption in 2020 ” Data published by statistics firm Statista has revealed Nigeria is the leading country per capita for Bitcoin and cryptocurrency adoption, with nearly one in three survey respondents indicating they used or owned crypto assets in 2020. According to the survey, the pre-existing…
“#Desert dust from Sahara paints European sky burnt orange” The sky turned orange in parts of southern Europe as some areas were covered with sand and dust brought by strong winds from the Sahara desert in Africa. Meteorologists say the phenomenon occurs every year, but this time the Sahara winds were stronger than normal, the…