A group of Bitcoin advocates in Switzerland have launched a campaign to convince the Swiss National Bank (SNB) to add Bitcoin to its balance sheet. The nonprofit organization 2B4CH aims to hold a national referendum to amend Switzerland’s constitution to require the central bank to hold Bitcoin. BREAKING: 🇨🇭Bitcoiners to launch a petition for Swiss…
In a significant move to broaden its international reach, Bitcoin Magazine, in collaboration with White Rock Management, announced the opening of its new office in Lugano, Switzerland, on February 14, 2024. This strategic expansion into the heart of Europe underscores the publication’s commitment to fostering Bitcoin adoption and education across the globe. Lugano, a city…
Boxun Liu/iStock via Getty Images Investment Thesis: I continue to take a long-term bullish view on Swiss Re given strong premium growth and an upward trend in return on equity. In a previous article back in October, I made the argument that Swiss Re AG (OTCPK:SSREY) has the potential to see further growth going forward,…
Relai, a Swiss Bitcoin exchange, has disclosed with Bitcoin Magazine that a staggering 75% of its Over-The-Counter (OTC) revenue in the final quarter of 2023 stemmed from private clients diverting proceeds from real estate sales into Bitcoin, showcasing a seismic shift in investment strategies among investors. The surge is a response to the real estate market’s…
Pando has named the Bank of New York Mellon as the official administrator of the ETF. Swiss asset management company Pando Asset has joined the race for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States. On November 29, the company filed with the country’s Securities and Exchange Commission (SEC), becoming the 13th…
Polygon will help Lugano achieve its goals by providing rails to facilitate some of the transactions. Lugano, one of the most popular tourist destinations in Switzerland, has embraced the Polygon network, a Layer 2 scaling solution built on the Ethereum ecosystem to accelerate its crypto evolution. In an announcement on November 22, Polygon said the…
Santander has made this move while most big banks limit their exposure to decentralized blockchains and the cryptocurrencies running on them. Santander Private Banking International has announced plans to allow its high-net-worth Swiss clients a chance to trade crypto assets. The bank will offer these clients a chance to buy, sell, and hold two major…
The Swiss banking industry has been incredibly receptive to crypto with many local banks adding cryptocurrency services to their offerings. Swiss bank St.Galler Kantonalbank (SGKB) has launched Bitcoin and Ether trading with plans to add more cryptocurrencies in the future based on client feedback. The cryptocurrency service is made possible by a partnership with crypto-focused…
SNB said that all transactions conducted during this test phase will be secured by digital bonds and settled on SDX using the wCBDC framework. The Swiss National Bank (SNB) has announced its partnership with SIX Digital Exchange (SDX) and other prominent commercial banks in Switzerland for the initiation of a pilot project aimed at testing…
The countries created a policymaking group to further the asset tokenization tests and help with navigating legal and compliance concerns. Government agencies in multiple countries are collaborating on asset tokenization tests with real-world assets. In a Monday announcement from the Monetary Authority of Singapore (MAS), regulators in Japan, Switzerland, Singapore, and the UK are all…
As a result of the $7.1 billion transaction, Roche will get the rights to develop and distribute RVT-3101 in the US and Japan. The deal is expected to be completed at the end of this year or in the first quarter of 2024. Swiss healthcare giant F. Hoffmann-La Roche AG, commonly known as Roche Holding AG (SWX: RO),…
Half of Sandoz’s revenue comes from Europe. Thus, it will be looking to leverage its brand presence in Europe for further growth. Emerging reports suggest that Novartis has completed the spinoff of its Generics and Biosimilars division, Sandoz, on Wednesday, October 4. The Swiss drug company first made its intention known in August 2022, commencing…
Poca Wander Stock Swiss Re (OTCPK:SSREY) has reported a much improved financial performance in the first half of 2023, being a strong support for the sustainability of its dividend over the long term. As I’ve covered in previous articles, Swiss Re is an attractive income play within the global reinsurance market, due to a high-dividend…
Swiss Re AG (OTCPK:SSREF) Q2 2023 Earnings Conference Call August 4, 2023 8:00 AM ET Company Participants Christian Mumenthaler – Group Chief Executive Officer John Dacey – Group Chief Financial Officer Thomas Bohun – Head of Investor Relations Conference Call Participants Andrew Ritchie – Autonomous Kamran Hossain – JPMorgan Ivan Bokhmat – Barclays Freya Kong…