Tagged: switzerland

Switzerland-Based Fintech Crealogix Announces Asia/Pacific Region Expansion

On Wednesday, Switzerland-based CREALOGIX announced it is expanding business actives in the Asia and Pacific region. The company reported that with this expansion it will be able to cooperate with established local partnerships, including business and tech financial service provider, Cognizant. CREALOGIX noted that in addition… Read More

Tezos Terms Call Contributions “Donations”, Contributors Apparently Waive the Right to Class Action

Recently someone forwarded a copy of the Tezos Terms of Allocation regarding their spectacularly successful Initial Coin Offering (ICO). To update anyone that has not followed the odyssey of the high profile ICO, Tezos – a self amending cryptographic ledger”, raised $232 million this past… Read More

Status ICO Reports $100 Million Raised in Under Three Hours, Announces $1 Million Bounty Fund

Status is making three big announcements at DevCon3.  According to the company, Status raised $100+ million for their SNT token sale is under three hours. Status is also announcing the beta for “Status Hardwallet” for wireless wallet transactions, introducing a new COO who joins Status from… Read More

Australian Securities and Investments Commission Enters Agreement with Swiss Financial Markets Authority to Partner on Fintech

The Australian Securities and Investments Commission (ASIC) has added a new Fintech partnership arrangement with a deal signed with the Swiss Financial Markets Authority (FINMA). Both regulators have been impressively open to financial innovation so an agreement to cooperate on disruptive finance simply makes sense…. Read More

Wheels Fall Off: Infighting at Tezos Puts ICO Windfall in Question

Everyone was talking about the Tezos Initial Coin Offering when it raised $232 million this past summer. Now everyone is talking about Tezos for all of the wrong reasons as an internal squabble has called the entire project into question. Tezos (ancient Greek for “smart-contract”), just… Read More

Streamr ICO Closes Early Having Raised CHF 30 Million

Streamr reports it has closed its Initial Coin Offering (ICO) early having raised CHF 30 million (USD $ 30.74M) from more than 1300 backers. Streamr had set a hard cap on the offer but it was originally scheduled to run until October 26th. The public… Read More

Eidoo ICO Raises €20 Million, Publishes Advert Throwing Shade at Jamie Dimon

Eidoo has launched a new “blockchain asset experience,” designed with the goal to create a secure way for the masses to buy, sell, store, transfer and exchange blockchain-based digital assets. Eidoo’s integrated multi-currency wallet, hybrid exchange and Initial Coin Offering (ICO) engine is said to… Read More

Peer Mountain Launches Identity Solution, Preps for Forthcoming ICO

Announced at LendIt Europe, Peer Mountain says it is launching the “world’s first peer to peer self-sovereign identity, compliance and commerce delivery solution”, designed to allow consumers to maintain ownership of their data and control over who they trust to access it without the need… Read More

Swiss Authorities Create “Juridical Certitude” for ICOs

The Financial Market Supervisory Authority (FINMA) in Switzerland commented on the initial coin offerings (ICOs) market in Switzerland last month. FINMA issued Guidance 04/2017 on this topic just as it announced it was investigating a number of ICOs to determine if laws had been broken…. Read More

Fake Cryptocurrency! Swiss Authorities Shut Down E-Coin, Liquidates Associated Entities

The Financial Market Supervisory Authority (FINMA) shut down E-Coin last week saying the entity had accepted deposits without holding a banking license. Something you should not do in Switzerland. At the same time, FINMA launched bankruptcy proceedings against the individuals involved. FINMA labeled the E-Coins… Read More

F10 Fintech Incubator & Accelerator Now Accepting Applications

Switzerland’s startup accelerator, F10, has announced it is now accepting applications for its “P2” program. The latest round of applications commences today (September 11th), and is open to all startups in Fintech, Regtech, and Insurtech. 15 Places are said to be available for the first round… Read More

Swiss Fintech Fundbase Launches Alternative Investment App

Alternative investment information and technology provider Fundbase announced on Wednesday it is launching a new mobile app for alternative investments. The fintech company described Fundbase Mobile as an innovative product, designed to allow qualified investors to identify top manager talent anywhere. Pascal Rode, CEO at Fundbase, stated: “It’s a… Read More

Switzerland: Fintech Can Contribute to the Quality of Country’s Financial Center

The Federal Council of Switzerland is out with a note regarding Fintech. Federal Councillor Ueli Maurer is apparently doing a swing through the Swiss Fintech scene to improve awareness and relationships. The Federal Council, the highest executive authority in the country, is made up of… Read More

After Raising a $232 Million ICO, Tezos Gives Back with $50 Million Commitment to Companies Using Their Platform

Tezos shot straight through the stratosphere in the blink of an eye with their Initial Coin Offering several weeks back. Tezos raised an unbelievable $232 million in and ICO that took just two weeks. Simply incredible. But following the outsized success, the Tezos team has… Read More

Swedish Fintech Firm Klarna Receives Strategic Equity Investment From Permira

Swedish Fintech company Klarna Bank announced on Friday it received a strategic equity investment from Permira, a global investment firm that advises funds and accounts with a total committed capital of circa €32 billion. According to Klarna, the investment partnership will acquire shares from existing… Read More

International RegTech Association Launches, Lists Executive Board Members

The non-profit International RegTech Association (IRTA), incorporated in Switzerland in May, has launched to provide a united community of individuals and organizations, with a shared vision to innovate, advance, and influence the future of Regulatory Technology (Regtech).  Regtech is a vital aspect of financial services…. Read More

Lykke Exchange Announces Availability of Ethereum Cryptocurrency

Lykke, a blockchain-powered wallet and marketplace, has announced that Ethereum is now available on the Lykke Exchange. Lykke users are now able to trade ether against all other tokens and currencies in the Lykke exchange. Lykke reports that its engineers are now working on tokens. By… Read More

Bancor Launches Crowdfunding Valuation & Promotion by WINGS DAO on Ethereum

Bancor Protocol allows anyone the ability to create a digital currency on the Blockchain protocol. No technical skills necessary. Think User Generated Currency (as they describe it). Bancor makes it easy to create and manage a “crowdsale” too. Galia Benartzi from Bancor recently pitched the company… Read More

Report: Crowdfunding Monitoring Switzerland

Lucerne University in Switzerland is out with their annual report on crowdfunding in the country. This is the third year in a row that the report has been published. The “Crowdfunding Monitoring Switzerland 2016 tracks the growth and trends in this sector of finance. In the… Read More

Swiss Fintech Firm Lykke Appoints Nick Gogerty As Chief Strategist

Swiss fintech firm Lykke announced on Thursday it has appointed Nick Gogerty as its new chief strategist. According to Lykke,  Gogerty is the founder of SolarCoin, a token that represents kilowatt-hours of solar energy that can be traded on the Lykke exchange. He also co-founded and… Read More