Santander appoints crypto custodian Taurus to safeguard Bitcoin, Ether: Report

Spanish fin-serv giant Banco Santander has reportedly selected digital asset management firm Taurus to safeguard its Swiss clients’ Bitcoin (BTC) and Ether (ETH).On Nov. 20, Santander Private Banking International’s Swiss private banking unit rolled out a new Bitcoin and Ether trading serv ...

Researchers at ETH Zurich created a jailbreak attack that bypasses AI guardrails

A pair of researchers from ETH Zurich, in Switzerland, have developed a method by which, theoretically, any artificial intelligence (AI) model that relies on human feedback, including the most popular large language models (LLMs), could potentially be jailbroken.Jailbreaking is a colloquia ...

City of Lugano integrates Polygon into its crypto-payment system

The city of Lugano, the economic capital of Italian-speaking southern Switzerland, will integrate the Polygon proof-of-stake (PoS) protocol into its crypto-friendly payment app, MyLugano. According to the announcement on Polygon Labs’ website from Nov. 22, the updated version of MyLug ...

Swiss crypto bank SEBA gets Hong Kong SFC license

Switzerland-based crypto bank SEBA AG has become the latest crypto-centered firm to obtain a license from the Hong Kong Securities and Futures Commission (SFC).SEBA’s Hong Kong subsidiary, SEBA Hong Kong, received the regulatory nod to offer a range of crypto-related services in the region ...

Jury finds SBF guilty on all charges, sentencing set for March 2024: Law Decoded

Former FTX CEO Sam “SBF” Bankman-Fried’s public trial in a New York court ended with the jury finding him guilty on all seven charges on Nov. 3, including two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy and on ...

Swiss wholesale CBDC pilot kicks off in alliance with central, commercial banks

The Swiss National Bank (SNB), six commercial banks and the SIX Swiss Exchange will work together to pilot the issuance of wholesale central bank digital currencies (CBDCs) in the nation, officially known as the Swiss franc wCBDC.The pilot project dedicated to wholesale CBDC, named Helveti ...

Top Swiss bank launches Bitcoin and Ether trading with SEBA

Switzerland’s St.Galler Kantonalbank (SGKB), one of the largest banks in the country, is moving into cryptocurrency by introducing Bitcoin (BTC) and Ether (ETH) trading to its customers.SGKB has partnered with the global cryptocurrency-focused bank SEBA to offer its clients digital asset c ...

‘He broke his word’ — Ex-ConsenSys staff sue founder over employee equity deal

Over two dozen former employees of Ethereum infrastructure firm ConsenSys have filed a fresh lawsuit against the firm’s founder and CEO, Joseph Lubin, over claims he diluted employee equity shares against earlier promises.The former staff allege that Lubin — who is also a co-founder of Eth ...

Exec shares process of setting up a business in Switzerland with Bitcoin

While Switzerland has been popular among the wealthy for its prowess in banking, the country has also been slowly welcoming those who mainly want to use Bitcoin (BTC) as an alternative form of money. Cointelegraph reporter Joseph Hall spoke with Pietro Poretti, the director of the eco ...

‘No, we’re not smuggling people’ – Bitcoin advocate tours Europe in BTC-styled van

From thumbs-ups from friendly strangers to midnight police searches, a Bitcoin-themed van continues a whirlwind tour around Europe.Ariel Aguilar has been behind the wheel of Bitcoin (BTC) promotion efforts, driving across Europe in a BTC-themed van called La Bitcoineta. Speaking to Cointel ...

Swiss central bank announces plans for wholesale CBDC pilot with ‘real money’: Report

The head of the Swiss National Bank (SNB) has announced that the bank will launch a wholesale central bank digital currency (wCBDC) pilot project, according to a report. Reuters quoted bank chair Thomas Jordan as saying the project would begin “soon.” The wCBDC will be iss ...

World Economic Forum Recommends Flexible Approach to Cryptoasset Regulation

They have analyzed different types of regulation And recommend a flexible approach The WEF considers Switzerland and Japan to be good examples The United States to be bad The World Economic Forum has issued a technical paper designed to re ...

Problems with regulation may lead American crypto firms to relocate outside US, says Raoul Pal

Raoul Pal, the former top executive at Goldman Sachs and current CEO of Real Vision, has predicted that American cryptocurrency companies may have to relocate their headquarters to other parts of the world due to regulatory issues. In an interview with the Rug Radio podcast, Pal drew parallels to ...