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DAVOS — Switzerland’s banking industry has long been known to privately safeguard wealth, so some bankers see bitcoin as a natural fit for the nation’s financial sector.Although such bankers may still be a minority, Zurich-based SEBA Bank AG opened in November 2019 with a universal banking license and a suite of
Read MoreCrypto-friendly Silvergate Bank has made its first hire from the hardcore bitcoin community to support an ambitious roadmap for its business serving digital currency clients. Benjamin Richman, formerly director of business development and partnerships at bitcoin tech startup Blockstream, joined the La Jolla, Calif.-based bank at the end of last month
Read MoreThree executives have left SDX, the blockchain-based digital asset trading venue owned by Swiss stock exchange operator SIX Group, since the year began, including two founding team members.Ivo Sauter, SDX’s head of clients and products, and Sven Roth, its chief digital officer, both left their full-time positions. Roth will continue
Read MoreThe founder of one of crypto’s most buzzed-about projects discusses the origins of Gitcoin, controversy and why open source funding needs to evolve. Ever since announcing its fourth round of grants, Gitcoin has been a major subject of conversation across the Twittersphere. In addition to all the excited buzz from
Read MoreBritish telecom conglomerate Vodafone has become the eighth company to pull out of the Libra Association, the governing council for the Facebook-created global digital currency initiative, CoinDesk has learned. Vodafone and Libra both confirmed Tuesday that the company is no longer part of the consortium. Vodafone will dedicate resources previously intended
Read MoreHuobi Group is opening its first digital asset brokerage platform, offering trading products and services to institutional clients and high net-worth customers. Announced Tuesday, the Gibraltar-based Huobi Brokerage is also the first product launched under the company’s Global Institutional Business (GIB) division, according to a company statement. Formed in November 2019,
Read MoreCryptocurrency payment solution BitPay has added support for XRP to its wallet app on Tuesday, after first announcing its intent to do so in October 2019.Ecommerce domain eGifter and humanitarian organization CARE have already announced their adoption of XRP for commerce and donations following the addition, BitPay said.“BitPay continues to
Read MoreSquare Crypto, the payment company's bitcoin-focused wing, is building a "Lightning Development Kit" for wallet and app developers to more easily build on the layer-2 solution.Announced Tuesday, the new kit includes an API, language tools, demo apps and other features to help developers integrate support for Lightning payments into their
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Read MoreSix central banks have formed a working group with the Bank of International Settlements (BIS) to share findings as each investigates potential cases for central bank digital currencies (CBDCs). The group will be comprised of the central banks of Sweden, Canada, Switzerland, the U.K. and Japan, as well as the
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