Swiss Financial Services Company Raises $100 Million to Launch Crypto Bank

A financial services company based in Zug, Switzerland has raised roughly $104 million (100 million CHF) from investors as it looks to create a bank to lets consumers trade fiat for digital currency. According to Bloomberg, Seba Crypto AG raised the cash from a mixture of private and institutional investors. One of the people behind The post Swiss Financial Services Company Raises $100 Million to Launch Crypto Bank appeared first on CCN

Read More

UBS Chairman Predicts Big Bitcoin Market Correction, Won’t Invest

The post UBS Chairman Predicts Big Bitcoin Market Correction, Won’t Invest appeared first on CCN Alex Weber, chairman of UBS Group AG, said the bank will not trade bitcoin or offer it to clients due to an expected massive drop in value caused by regulation. In an interview at the World Economic Forum in Davos, Switzerland, Weber said bitcoin’s future will be undermined by market corrections. Weber said South Korea The post UBS Chairman Predicts Big Bitcoin Market Correction, Won’t Invest appeared first on CCN

Read More