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Swiss Watchmaker TAG Heuer Now Accepts Cryptocurrency in US

23/05/2022 by Idelto Editor

Swiss Watchmaker TAG Heuer Now Accepts Cryptocurrency in US

Luxury watch manufacturer TAG Heuer announced it’s introducing online cryptocurrency payments for customers in the United States. The Swiss company provides the new payment option through a partnership with crypto payment processor Bitpay.

Tag Heuer Partners With Bitpay to Offer US Clients Bitcoin Payments

Designer and maker of luxury timepieces TAG Heuer is now accepting crypto for its high-quality products. Techniques d’Avant Garde (TAG), founded over a century and a half ago by Edouard Heuer in Switzerland, said this week that clients within the U.S. will be able to purchase its watches and accessories online with multiple coins. The company explained the move in a press release:

With an increasing number of customers using or earning digital currencies regularly, TAG Heuer intends to be a key player in the imminent transformation of the e-commerce and retail spaces.

The alternative payment method is facilitated by the crypto payment platform Bitpay. Buyers can spend a dozen cryptocurrencies, including bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), and dogecoin (DOGE), as well as five stablecoins. They will be able to pay up to $10,000 per transaction with no minimum spending requirements.

“We have been following cryptocurrency developments very closely ever since bitcoin first started trading,” TAG CEO Frédéric Arnault was quoted as stating. “As an avant-garde watchmaker with an innovative spirit, we knew TAG Heuer would adopt what promises to be a globally integrated technology in the near future despite the fluctuations,” the executive added.

Atlanta, Georgia-based Bitpay provides companies with a payment gateway service allowing businesses to integrate cryptocurrency payments on their platforms. “We are excited to see global brands such as TAG Heuer investing in the crypto space and seeking the support of Bitpay to adapt their digital platforms to the rapid transformation of e-commerce,” said Stephen Pair, co-founder and CEO of Bitpay.

A pop-up window now greets visitors on Tag Heuer’s U.S. website, informing them that the company already accepts cryptocurrency. To spend their digital coins, they will have to click ‘Bitpay’ during the checkout and select their preferred crypto.

Do you expect cryptocurrency payments to continue to spread despite the current market downturn? Tell us in the comments section below.

Filed Under: Accessories, Bitcoin Payments, BitPay, crypto, crypto payments, Cryptocurrencies, cryptocurrency, English, Luxury, News, News Bitcoin, partnership, payment gateway, swiss, Switzerland, TAG Heuer, U.S., US, watch, Watches

Plan ₿ Summer School For Bitcoin Business Opens This July

19/05/2022 by Idelto Editor

Plan ₿ summer school is an opportunity for those interested in bitcoin and business to learn the ins and outs of the ecosystem and developing real world solutions.

  • Plan ₿ summer school begins July 3-16 and seeks to teach students the fundamentals of Bitcoin and business.
  • Classes taught by industry experts will be held in Lugano, Switzerland.
  • Students attending will participate in a pitch competition which will see the winners take home up to $5,000 for a winning pitch.

Plan ₿ summer school, a cohort-style course teaching students the challenges of business as it relates to regulatory and technological implications facing the Bitcoin ecosystem, is in session from July 3-16, per an announcement.

The class will take place in Lugano, Switzerland. Students will learn about the Bitcoin protocol, Lightning Network as a layer 2 solution, stablecoins, consensus mechanism used by cryptocurrencies, and the fundamentals of the space.

Experts will demonstrate the complexities of smart contracts and their operability within Bitcoin while going through real-world use cases and applications. Students will also gain knowledge as it relates to anti-money laundering (AML) compliance, on-chain analytics, and gain a deeper comprehension of cyber security, among other subject material.

Teachers of the course will present students with real-world problems in need of a solution. At the end of the two-week course, students will participate at a group level to pitch an idea to a problem presented by the teachers. A jury of experts in the space will preside over the outcome from the pitch competition and prizes will be awarded to the top three teams.

The first place winners will receive $5,000, while second place will earn $2,500, and tird place will bring home $1,500, totalling $9,000 in prizes up for grabs.

The extensive lineup of speakers and lecturers boasts many experts in the field. Adam Back, CEO of Blockstream, David Suleima, assistant professor of finance at Franklin University of Switzerland, Zulfi Moledina, training specialist at Chainalysis, and Paolo Ardoino, CTO at Tether and Bitfinex, are all signed on to deliver high-level discussions on their respective expertise. There will also be many other speakers in attendance who can be found here. 

Filed Under: Bitcoin, Bitcoin Magazine, business, English, Lugano, News, Plan ₿, Switzerland

World’s Largest Family-Owned Private Bank Now Offers Crypto Investments via SEBA Bank

04/05/2022 by Idelto Editor

The World's Largest Family-Owned Private Bank Now Offers Crypto Investments via SEBA Bank

On Wednesday, the world’s largest family-owned banking institution, LGT Bank, announced that it has selected SEBA Bank in order to provide cryptocurrency custody and brokerage services to clients. LGT will start by offering investments in bitcoin and ethereum and the bank’s customers can incorporate the digital assets into their existing LGT Bank-managed portfolios.

LGT Bank Adds Crypto Services by Partnering With the FINMA Licensed SEBA Bank

The largest family-owned private banking and asset management firm LGT Group has revealed the parent company’s banking institution will now offer crypto investment opportunities. LGT Group is over 100 years old and the financial institution is owned by the princely House of Liechtenstein.

On May 4, SEBA Bank, a FINMA licensed digital assets banking platform, revealed that LGT Bank has chosen SEBA as a cryptocurrency partner. LGT will leverage SEBA’s regulated crypto platform and custody services so the bank’s clientele can invest in crypto assets. Roland Matt, the CEO of LGT Bank, Liechtenstein, detailed that LGT has seen increased demand for crypto products from customers.

“The demand for cryptocurrencies has also increased among our clients in recent years,” the LGT CEO said in a statement on Wednesday. “We are very pleased that we can now offer our client easy access to these asset class. When developing our new offering, we paid particular attention to security while focusing on clear, reliable processes and procedures.”

The executive of the family owned private bank added:

They are central for dealing with this dynamic and still quite young asset class. Thanks to our cooperation with SEBA Bank, our clients’ digital assets are held in the custody of a professional and certified provider with extensive experience in this area.

LGT to Initially Offer Bitcoin and Ethereum Investments

LGT and its clients will leverage “SEBA Bank’s ISAE 3402 certified hot and cold storage custody solutions” and the bank will initially allow investments in bitcoin (BTC) and ethereum (ETH). At first, the crypto investment opportunity will be available to “selected client groups” chosen by LGT.

The bank further notes that customers interested in the crypto services must reside in Liechtenstein or Switzerland. Franz Bergmüller, the CEO of SEBA Bank, explained on Wednesday that SEBA looks forward to working with LGT Bank.

“The range of services combined with the highest security standards makes SEBA Bank’s service offering unique and we are very pleased to be able to support LGT with our expertise in expanding its services around digital assets,” Bergmüller said during the announcement.

What do you think about LGT Bank offering crypto services via SEBA Bank? Let us know what you think about this subject in the comments section below.

Filed Under: 100 years old, Banks, Digital assets, English, family-owned, family-owned bank, financial institution, Franz Bergmüller, Investments, LGT Bank, LGT Bank Bitcoin, LGT Bank Ethereum, LGT Group, Liechtenstein, News, News Bitcoin, princely House of Liechtenstein, Private bank, SEBA Bank, Switzerland

The Swiss Tradition Is A Perfect Match For Bitcoin

24/04/2022 by Idelto Editor

A long tradition of financial discretion makes Switzerland the perfect place to store one’s private keys in a way that will be fully protected.

(Source) The dome of the Swiss Federal Palace with the coats of arms of the cantons.

Fynn Kreuz is the CEO of the Swiss Bitcoin company, Numbrs.

Independence

In 1291, three regions of the Holy Roman Empire seceded and swore an oath that founded the Swiss Confederacy. This movement, born out of a longing for freedom and independence, began when the mythical national hero, William Tell, challenged a tyrannical bailiff called Albrecht Gessler.

Over 700 years later, Bitcoin was created to secede from the existing financial and monetary order. In its struggle for freedom and independence, Bitcoin fights traditional finance, dishonest narratives and the regulatory overreach of agencies such as the SEC, run by Gary Gensler. It is said that history does not repeat itself, but often rhymes. In this case, ironically, Gessler and Gensler literally rhyme.

Bitcoin and Switzerland share a fundamental philosophy relating to freedom and independence. We at Numbrs, believe Bitcoin is the world’s best safe-haven store of value and Switzerland will become the logical destination to store one’s precious private keys. Rooted in its long tradition of safety, stability and privacy, Switzerland will transform its financial landscape, as a result of Bitcoin, and we will be at the forefront of this inevitable development.

Tradition

Ever since its creation, Switzerland has molded its system on the founding principles of freedom and independence. A deeply ingrained distrust of centralized power has given it a unique political system based on a loose union of states, or cantons, which all retain their own parliaments, governments and courts. This loose union is bound together by a weak central core, or federal government, that enacts decisions made in a system of national referenda. The general population remains the ultimate arbiter of political power and guardian of the rule of law. This decentralized governance system has made it one of the safest, most stable and wealthiest countries in the history of the world as well as the world’s premier safe-haven destination for the accumulation of wealth. A large portion of the world’s art, gold and precious stones are stored in the world’s most secure vaults in Switzerland.

Switzerland also has a long tradition of financial privacy. In the early 18th century, European Catholic monarchs gave their money to Swiss Protestant bankers to manage and neither side wanted it to be known they were dealing with each other. The Great Council of Geneva thereby began a tradition of banking secrecy, which would be enshrined in Swiss law in 1934. Subsequent attempts by governments around the world to confiscate assets and impose exorbitant taxes led an increasing amount of capital to Switzerland. The prestige of the Swiss financial system has outlived political crises, world wars and economic catastrophes.

Revolution

Today, banking secrecy in traditional finance is all but dead, but Bitcoin has established a new and superior pseudonymous transaction system. Through cryptography, Bitcoin has allowed for the creation, transfer and storage of economic value on the digital sphere. It is run on a decentralized, borderless protocol maintained by a global network of computers owned by no single person, government or legal entity. Its supply is unalterable and is on a known issuance schedule, maxing out at 21 million bitcoin.

It is vastly superior to cash, as no government has the power to debase bitcoin by producing more of it. It is also superior to gold and other precious metals, as its supply is predictable, the schedule of supply issuance is fixed and unalterable. Beyond its fixed supply, Bitcoin’s technical attributes make it far safer, more practical and discreet than traditional stores of value. Enormous economic value can be easily divided and transferred across the planet cheaply, securely and instantaneously in Bitcoin. The only infrastructure required for the system to run is the internet.

Beyond practicality, Bitcoin is breaking the traditional financial order by giving its users unadulterated ownership over their economic assets. There is no bank or financial intermediary which people have to trust to manage their livelihood. With a non-custodial wallet and private keys, each user acts as their own bank. This feature of Bitcoin, among others, is revolutionary. You no longer have to trust banks and you no longer have to worry about governments enforcing financial censorship, confiscation or other draconian policies through banks.

Bitcoin’s hard cap, technical attributes and private-key ownership make it the world’s best safe-haven store of value. This financial revolution allowed the Bitcoin network to settle over $13 trillion of transactions in 2021 and brought its market cap to over $1 trillion. We believe this is just the beginning and increasing global instability and economic mismanagement will lead to growing grassroots adoption and increased momentum for Bitcoin. Society will eventually reach a tipping point and fiat will be entirely discredited as a means of exchange. Bitcoin will become the only logical and viable alternative. An increasing number of nations will accept it as legal tender and make it the basis of a new monetary order.

Future

In order to fully benefit from this financial revolution, users must store their bitcoin in non-custodial wallets that give them full control over their private keys. Recent events around the world have shown how governments can easily use banks and centralized exchanges to expropriate users of their wealth. Bitcoin, through the use of private keys, puts people’s wealth outside of this overreach. The ownership and storage of private keys is thus of primordial importance to preserve one’s livelihood.

It is for this reason that Switzerland is the logical place to develop the safest solution to store bitcoin. With a long tradition of safety and financial discretion, a Swiss non-custodial wallet, backed up by military encryption in the heart of the Swiss Alps, is the only way that one’s bitcoin will be fully protected and conveniently accessible.

In order for Switzerland to remain at the forefront of finance, it will have to adapt and continue its long tradition of financial security and excellence. We are delighted to see that the legal framework is at the cutting edge of the needs of a new digital monetary system and we will continue to strive to take a leading role in the industry.

This is a guest post by Fynn Kreuz. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine.

Filed Under: Bitcoin Magazine, culture, English, freedom, money, Opinion, philosophy, Private Key, swiss, Switzerland, vault

Study: Switzerland Has ‘the Most Profitable Bitcoin Traders’ Worldwide, While France ‘Is the Best Bitcoin Trading Nation’

20/04/2022 by Idelto Editor

According to a recent study published by the online investing news and education platform Invezz, Switzerland currently has the most profitable bitcoin traders worldwide. That’s according to data stemming from Chainalysis, Worldometers, and Triple A, which helped Invezz assign each country a score in terms of the most profitable bitcoin trading by country.

Researchers Rank the Best Bitcoin Trading Nations and the Most Profitable Bitcoin Traders by Country


This week, invezz.com researchers published a study that looks at the most profitable bitcoin traders by country by leveraging statistics from multiple datasets. The study’s author Dan Ashmore explained one dataset stemmed from Chainalysis, which shows the top 25 countries in the world by realized bitcoin (BTC) gains in 2020.

This served as the study’s backdrop, as the invezz.com research team also utilized statistics from Worldometers and Triple A. While the data shows Switzerland currently has the most profitable bitcoin traders worldwide, France is the top country in terms of “the best bitcoin trading nation.”

“[France] ranked 12th in the percentage of the country invested in crypto (3.3%), but an impressive third and eighth respectively in bitcoin gains per capita and bitcoin gains per investor, at $275 and $13 respectively,” Ashmore’s report explains. “While a lot of other countries placed well in certain categories, France was the only country to be above average in all three metrics.”

Invezz.com Study: ‘France Claims the Title of Best Bitcoin Traders, Switzerland Has the Most Profitable Traders at $1,268 of Gains per Investor’


Following France on the list of countries, the Czech Republic and Belgium are second and third in terms of the best bitcoin trading nations. Then there’s Canada, Netherlands, Switzerland, Germany, Australia, United Kingdom, United States, Spain, Japan, Ukraine, South Korea, and Italy respectively. Other notable countries included Argentina, Vietnam, Poland, Russia, Thailand, Brazil, Turkey, and India. Out of all the countries listed, Switzerland’s bitcoin traders ruled the roost as far as BTC gains are concerned.

“Switzerland has the most profitable traders at $1,268 of gains per investor, however with only 1.8% of the country invested in crypto, they get knocked down to a sixth-place finish. The Czech Republic is similar,” the invezz.com study details. But both Switzerland and the Czech Republic are much lower on the list than France for specific reasons. “Switzerland and Czech Republic ranking 23rd and 21st respectively, out of 24 countries, for the percentage of population invested in crypto (1.8% and 2.2%), [it] ultimately kills their chances,” Ashmore’s report says. The invezz.com researcher concludes:

It is France [that claims] the title of best bitcoin traders. But there must be something in the water in mainland Europe, because their dominance of the top of the table is clear.


What do you think about invezz.com’s study and the results that show the most profitable bitcoin traders by country? Let us know what you think about this subject in the comments section below.

Filed Under: Argentina, Australia, belgium, Brazil, Canada, Czech Republic, Dan Ashmore, English, France bitcoin traders, France bitcoin trading, Germany, India, invezz.com researcher, invezz.com researchers, invezz.com study, Italy, Japan, Netherlands, News, News Bitcoin, Poland, Russia, South Korea, Spain, Switzerland, Switzerland bitcoin traders, thailand, Turkey, Ukraine, United Kingdom, United States, Vietnam

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