Category: Switzerland
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3 Reports Look at North Korea’s Lazarus Group, Iran’s Farhad Exchange, and the Crypto Ponzi Futurenet
On May 4, 2020, the blockchain surveillance firm Chainalysis published a three-part series covering a crypto Ponzi scheme, North Korea, and Iran’s use of digital currencies like bitcoin. The company’s research papers discuss the Poland-based crypto Ponzi called Futurenet, a hosting service allegedly tied to North Korea, and how Iran-based exchanges are bypassing OFAC sanctions…
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Switzerland’s Famed “Crypto Valley” Seeks $103 Million Government Bailout
Switzerland’s “crypto valley” is asking the government for 100 million Swiss francs ($102.7 million) in funding, local media reported. The once flourishing Swiss cryptocurrency industry is struggling to survive following the withdrawal of private equity investors. About 80% of 203 firms surveyed by the Swiss Blockchain Federation recently warned of imminent bankruptcy. Only half of…
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ICO Crackdown: 11 Class-Action Lawsuits Filed Against Cryptocurrency Companies
A number of class-action lawsuits have been filed against various digital asset firms and exchanges on Friday. The U.S.-based “litigation boutique,” Roche Cyrulnik Freedman, filed the lawsuit for three plaintiffs in the Southern District of New York. All three lawsuits claim that organizations like the Tron Foundation, Bitmex, Binance, Bibox and Block.one allegedly sold unregistered…
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If You Don’t Trust Yourself, These Crypto Vaults Will Help You Hodl Safely
Hodling in difficult times has historically proven to be a long-term winning strategy. Keeping your cryptocurrency in your own cold storage is by default a good idea as far as security is concerned. But if you don’t trust yourself to not lose a small hardware device or a piece of paper, then there are alternatives…
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Cryptocurrency Payment Gateway Gocrypto Onboards 1,000 Locations Worldwide
On February 28, Gocrypto CEO Dejan Roljic revealed the payment gateway has officially onboarded 1,000 merchant locations during a recent company update that expanded upon the firm’s growth. Roljic also explained Gocrypto now has several locations in five countries and the company recently started expanding into South America in November 2019. The Latin American expansion…
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Swiss Savers View Cryptocurrencies as Option, Now That Bank Accounts Don’t Save Them From Inflation
Cryptocurrencies are gradually becoming a viable alternative for savers in Switzerland, according to a new poll. The Alpine nation’s crypto-friendly business climate and increasing regulatory clarity makes them a relatively easy addition to investors’ portfolios. Many Swiss people can afford and regularly do put some money aside but bank accounts are no longer offering inflation…
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Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash
In this roundup, we cover numerous cryptocurrency regulatory developments in the U.S., including President Trump’s crypto proposals, testimonies by the Federal Reserve chairman and the Treasury secretary, a crypto-friendly SEC proposal, and the IRS changing a crypto tax rule. We also cover China quarantining yuan bills, its central bank filing 84 digital currency patents, 40…
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Bitgo to Offer Regulated Crypto Custody in Switzerland and Germany
European crypto exchanges, as well as other companies with significant crypto holdings they need to protect, now have another option for cold storing their digital fortune. Bitgo is expanding out of the U.S. and into Europe with two new companies in Switzerland and Germany. Also Read: German Fintechs Rush to Offer Crypto Custody Services Under…