Bitcoin 

Swiss Private Bank Says 400 New Clients Demanding Crypto Products

Swiss private bank Maerki Baumann has had a deluge of over 400 new clients wanting to tap its future blockchain offerings since it revealed its interest in the sector. Swiss Info reported on Aug. 22 that the Zurich-based institution — which has $8.2 billion AUM but faces stiff market competition and an erosion of its margins — has opted to embrace blockchain to rejuvenate its business.  Bid to be “the go-to private bank” in Swiss crypto In an interview with Swiss Info, Maerki Baumann CEO Stephen Zwahlen said that the…

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Ethereum 

Brimhall Foods to Deliver Products Through Blockchain-based Ordering System

United States-based snack food company Brimhall Foods has partnered with Surge Holdings to deliver its BRIM’S products through a blockchain-based ordering system, according to a report by Foodprocessing-technology.com on June 27. According to the report, BRIM will be able to use the SurgePays blockchain network to access tens of thousands of new stores. Surge Holdings CEO Brian Cox says that BRIM will initially offer 15 products through its SurgePays blockchain network. Additionally, Cox remarks that these products can be ordered and replenished by their in-network convenience stores, corner markets, and…

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Bitcoin 

Samoa Investigates Church After OneCoin Defied Legal Ban to Sell Products to Investors

A church in the Pacific nation of Samoa is at the center of scrutiny after ministers invited notorious cryptocurrency Ponzi scheme OneCoin to preach to its congregation, New Zealand-based media network Radio NZ reported on April 26. OneCoin, which is now all but defunct after the indictment of both its masterminds, raised hundreds of millions of dollars worldwide by luring investors with the promise of huge returns. Samoa’s central bank banned any activities involving the scheme in 2018, but representatives nonetheless succeeded in approaching the Samoa Worship Centre and pitched…

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Ethereum 

Major Auditing Firm Ernst & Young Releases Updates to Two Blockchain-Related Products

Big Four auditing firm Ernst & Young (EY) has released two new blockchain developments, a new version of its Blockchain Analyzer and a zero knowledge proof protocol. The company revealed the products in two separate press releases on April 16. EY has launched the second generation of its analytics tool EY Blockchain Analyzer. While the first generation of the product was available to only EY audit teams facilitating gathering companies’ entire transaction data from multiple blockchain ledgers, the upgrade made the analyzer accessible for EY teams and non-audit customers as…

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Bitcoin 

Huobi’s US Partner Hbus Forms New Group to Launch Institutional Products

The United States-based operator of crypto exchange Huobi, Hbus, has formed a new team to launch institutional products and services, according to a press release shared with Cointelegraph on March 27. The company’s new team will be led by Katelyn Mew, who previously worked at a global investment company BlackRock VP and is currently heading Hbus’ sales and marketing department. The other director is Oren Blonstein, Huobi’s vice president of technology, formerly of Tora Trading Services and Caspian. According to the announcement, Hbus is evaluating several potential services designed for…

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Cryptocurrency 

Europe Leads the Way With Crypto Exchange-Traded Products

On Nov. 16, Switzerland’s primary stock exchange, SIX Swiss Exchange, announced that it will list the world’s first multi-crypto-based exchange-traded product (ETP). Exchange-traded products (ETP) are derivatively priced securities that are traded on a national securities exchange. Their pricing derives its value from other investment instruments, most commonly found in the form of commodities, stocks and indexes. The first global multi-crypto ETP has the backing of Swiss startup Amun AG and will be listed under the ticker symbol HOLD. According to the announcement, the ETP will track five of the…

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