Crypto-friendly Switzerland Outclasses U.S. as Facebook Libra’s Regulator

Switzerland crypto laws have appealed to blockchain enthusiasts for years. Facebook’s head of blockchain, David Marcus, is no exception. He released a statement announcing that he expects the new coin to be governed by Swiss law. “Because the (Libra) Association is headquartered in Geneva, it will be supervised by the Swiss Financial Markets Supervisory Authority […] The post Crypto-friendly Switzerland Outclasses U.S. as Facebook Libra’s Regulator appeared first on CCN Markets

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Rising Blockchain Developer Salaries May Not Mean Increasing Crypto Activity

Despite the 80 percent correction in the crypto market, blockchain developers are making $130,000 to $180,000 a year. But, the rising salaries of blockchain developers do not necessarily translate to an increase in developer activity in the crypto sector. Too Many Variables in Crypto Over the past two years, especially at the height of the The post Rising Blockchain Developer Salaries May Not Mean Increasing Crypto Activity appeared first on CCN

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Bitcoin Price Drops 7% Yet Again as Crypto Market Struggles to Retain Momentum

Throughout the past 24 hours, the price of Bitcoin (BTC) dropped from $4,065 to $3,600, reversing a short-term corrective rally. The dominant cryptocurrency has been on a steep downtrend for several weeks but on November 26, for a brief of time, Bitcoin seemed to be initiating a corrective rally after reaching a new yearly low The post Bitcoin Price Drops 7% Yet Again as Crypto Market Struggles to Retain Momentum appeared first on CCN

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Could Switzerland’s Crypto ETP Increase the Chance of a Bitcoin ETF Approval?

This week, SIX Swiss Exchange, Switzerland’s principal stock exchange based in Zurich, approved the listing of a crypto exchange-traded product (ETP) with the ticker “HODL.” Like the Coinbase Index and Bitwise Hold 10, Amum ETP represents the value of five cryptocurrencies that include Bitcoin (BTC), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), and Ethereum (ETH). The post Could Switzerland’s Crypto ETP Increase the Chance of a Bitcoin ETF Approval? appeared first on CCN

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Swiss Regulator FINMA Launches Investigation into $100 Million ICO

The Swiss Financial Market Supervisory Authority (FINMA) announced on Thursday that it has opened an inquiry into the operations of Envion AG, a blockchain startup that raised more than $100 million through an initial coin offering (ICO). FINMA said that it believes that Envion’s EVN token sale may have violated banking laws by accepting public … Continued The post Swiss Regulator FINMA Launches Investigation into $100 Million ICO appeared first on CCN

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