Switzerland Financial News

26.05 / 14:03

business Blockchain MasterCard swift WEF 2022: SWIFT probably won't exist in 5 years, says Mastercard CEO

Mastercard CEO Michael Miebach said on Tuesday that he does not expect SWIFT, one of the most widely used platforms for cross-border fiat transactions, to exist in five years' time.

26.05 / 02:25

UPS Deal Bankers warn the $130bn deal fee bonanza is fizzling fast: ‘There could be cuts later this year’

The climate, the economy, Ukraine — these topics dominated the agenda at the World Economic Forum in Davos. But for senior bankers trying to drum up business in the Swiss resort town, there’s another concern.

25.05 / 18:29

business Funding Venture Capital Singapore venture firm launches $100M Web3 and metaverse fund

Crypto-focused venture firm NGC Ventures has launched a new ecosystem fund dedicated to Web3 projects, underscoring heightened investor demand for startups that are contributing to the development of a decentralized internet.

25.05 / 18:07

economics Federal Reserve Central Bank Davos Davos Watch: Real Interest Rates to Remain at ‘Nothing or Next to Nothing’ & Higher Inflation Target

Inflation expectations in Europe have consistently drifted upwards, and despite rising nominal interest rates, the real rate is likely to be “nothing or next to nothing,” according to Klaas Knot, President of the Central Bank of the Netherlands. Meanwhile, a professor said that 3% is a more appropriate inflation target than the 2% that is common today.

25.05 / 16:15

Ban proof-of-work Energy Bitcoin US President Bitcoin Mining Can be a Force for Good or Bad, Banning it Doesn’t Solve Anything – FTX.US President

Bitcoin (BTC) mining can be a force for both good and bad, depending on how it’s done and where it happens. But countries thinking of banning it should know that miners will not hesitate to simply move somewhere else, FTX.US president Brett Harrison said at the World Economic Forum in Davos, Switzerland, on Tuesday.

25.05 / 13:13

Blockchain Ethereum cryptocurrency CryptoExplainer Pay More Attention To Assets' Backing: Ethereum's Co-Founder On Crash

'Pay more attention' Ethereum co-founder says of crypto crash

25.05 / 08:03

cryptocurrency CryptoExplainer Despite Market Crash, Crypto Crowd Dominate Davos' Main Street

Crypto crowd dominate Davos main street despite price crash

25.05 / 08:03

cryptocurrency cryptocurrency news I Still Take Salary In Bitcoin: Miami Mayor Francis Suarez Tells Davos

Miami Mayor Francis Suarez said he's still taking his city salary in Bitcoin even after a rout that sent the cryptocurrency down almost 40% over the past two months.

24.05 / 23:03

Blockchain interview World Economic Forum Davos WEF 2022: Web3 no longer just about crypto and DeFi, says Polkadot founder Gavin Wood

Although Web3 has become a sort of buzzword in the cryptocurrency community, its application and utility extend far beyond the world of blockchain, according to Polkadot founder Gavin Wood.

24.05 / 21:05

CEO JPMorgan Chase Bank of America CEO Brian Moynihan says nothing will slow U.S consumer from spending money

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24.05 / 08:43

UPS CEO At Davos Confab, CEOs Fret Over Economy, Start to Plan for a Downturn

DAVOS, Switzerland—Fears of an economic downturn have lately gathered steam. Corporate executives at the World Economic Forum here struck a mostly gloomy tone to match.

23.05 / 23:59

Blockchain CBDC Adoption regulation WEF 2022: Bankers at WEF see the need for caution and speed on central bank digital currencies

The process of introducing a central bank digital currency (CBDC) is fraught with unknowns, some of which were elucidated in a panel of experts gathered Monday at the World Economic Forum in Davos, Switzerland. The panel concluded that good design is key to a successful CBDC, and there are fewer challenges for wholesale CBDC introduction.

23.05 / 23:19

regulation Europe Decentralization World Economic Forum defi protocols WEF 2022: Most DeFi protocols aren’t really decentralized, says European Parliament VP

Most decentralized finance (DeFi) protocols aren’t truly decentralized, which means we need proper regulations in place to understand the inner workings of this emerging technology, according to European Parliament vice president Eva Kaili.

23.05 / 15:21

UPS ICE Davos throws up wardrobe challenges as leaders descend on a warmer WEF

As chief executives, world leaders and billionaires converge in the Swiss Alps for the first World Economic Forum annual gathering to be held in the spring, the hills are alive with pollen, pricey white sneakers and peep-toe shoes.

23.05 / 13:29

business Ripple XRP security WEF 2022: Ripple CEO reveals he visited SEC several times before lawsuit struck

Brad Garlinghouse, the CEO of cross-border payments company Ripple, spoke during a panel discussion Monday at the World Economic Forum in Davos, Switzerland.

23.05 / 13:07

cryptocurrency Digital cryptocurrency news Bitcoin Luxury Watchmaker Tag Heuer Now Accepts Payments In Cryptocurrency

TAG Heuer has announced that it will now accept online payments in cryptocurrency in US

23.05 / 12:41

cryptocurrency Digital cryptocurrency news Bitcoin Cryptocurrency Executives Show Heavy Presence At Davos Meet

There is a heavy presence of cryptocurrency sector representatives at Davos Summit

23.05 / 12:23

Blockchain Adoption Ripple Bitcoin WEF 2022: Ripple SVP says crypto winter provides an opportunity to build

Cointelegraph's editor-in-chief Kristina Cornèr interviewed Brooks Entwistle, Ripple’s senior vice president (SVP) for global customer success at the World Economic Forum (WEF) at Davos, Switzerland, discussing his time in Ripple and the current “crypto winter” and what market participants should focus on.

22.05 / 09:53

business Lightning Network lightning Bitcoin Bitcoin Pizza Day rewind: A homage to weird and wonderful BTC purchases

Happy Bitcoin Pizza Day! Before you dial for a Margherita to commemorate the world’s first real-world Bitcoin transaction, here’s a slice of trivia:

22.05 / 09:13

dealmaking Credit Suisse hires Barclays’ Nacho Moreno to head Spain and Portugal dealmaking

Credit Suisse has poached the head of investment banking at Barclays in Spain, the latest senior hire at the Swiss bank as it adds to its senior ranks of dealmakers after a spate of departures.

21.05 / 22:55

Trading Places: Credit Suisse nabs Barclays’ Moreno, Jefferies hires Lambert, SocGen’s Oudéa to step down

It was a tough week for Barclays.