Tag Archives: Featured

SEBA Bank, a digital assets firm with a Swiss banking license from FINMA, announced that it has raised CHF 110 million in a significantly oversubscribed Series C funding round. The round was co-led by Altive, Ordway Selections, and Summer Capital, as well as DeFi Technologies, a NEO listed leader in decentralised finance. Alameda Research, a global cryptocurrency quantitative trading firm and liquidity provider, as well as core partner of FTX, also participated in...

During a confirmation hearing with the US Senate this week, Fed chairman Jerome Powell was asked about whether or not a digital currency issued by a central bank could exist side by side with private cryptocurrencies. Powell responded that there is nothing that would prevent private cryptos from “coexisting” with a “digital dollar.” This, of course, is obviously true so long as federal regulators do not decide to ban the usage of cryptocurrencies. Business...

In 2021, global carbon pollution returned almost to 2019 levels, after a drop during the lockdowns of the pandemic year 2020. Copyright 2021 The Associated Press. All Rights Reserved The production and trade of goods is at the heart of the globalised market and has a significant environmental impact. Yet there was little discussion at COP26 on how to make it more sustainable, the former director of the World Trade Institute (WTI) tells SWI swissinfo.ch. The goods we...

How is that US Treasury rates out in the independent longer end of the yield curve have now “suffered” a seven percent CPI to go along with double taper and triple maybe quadruple (if the whispers are to be believed) rate hikes this year, yet have weathered all of that allegedly bond-busting brutality with barely a market fluctuation? The short end of the curve, as noted here, is being pressured by only the last of those things, rate hikes, and from them creating...

This week’s episode of the Gold Exchange Podcast, Keith Weiner interviews independent precious metals advisor Claudio Grass. Claudio explains his sound money origin story and how the rest of the world understands gold vs Americans’ understanding. The wide ranging conversation spans everything from history, to covid lockdowns, to how societies change, to our relationship to money and even political principles and philosophy. Highlights from the episode include:...

Revolutions have a funny characteristic: they’re unpredictable. The general assumption is that revolutions are political. The revolution some foresee in the U.S. is the classic armed insurrection, or a coup or the fragmentation of the nation as states or regions declare their independence from the federal government. By focusing on the compelling drama of political upheaval we’re missing the real revolution, which is social and economic: the Great Resignation, a...

The latest trial could see the introduction of central bank digital currency move a step closer in Switzerland. The SNB says that they integrated the digital currencies into payment systems and used them in simulated transactions involving UBS, Credit Suisse, Goldman Sachs, and Citigroup. The test showed it was possible to instantaneously execute payments, ranging from CHF 100,000 to CHF 5 million, elimination counter-party risk. I still think it will be a while...

During the 1920s, the emerging individualists and libertarians — the Menckens, the Nocks, the Villards, and their followers — were generally considered Men of the Left; like the Left generally, they bitterly opposed the emergence of Big Government in twentieth-century America, a government allied with Big Business in a network of special privilege, a government dictating the personal drinking habits of the citizenry and repressing civil liberties, a government that...

Maurer says it is in Switzerland’s own interest to implement the global tax reform for large multinationals. © Keystone/Anthony Anex The Swiss government has pledged to implement from 2024 the minimum tax rate for large multinational companies under a global tax deal. Under a timetable presented by Finance Minister Ueli Maurer on Thursday, a temporary regulation will ensure the minimum rate of 15% for companies with a turnover of more than €750 million (CHF786...

Die Nationalbank wird für das Geschäftsjahr 2021 nach provisorischen Berechnungen einen Gewinn in der Grössenordnung von rund 26 Mrd. Franken ausweisen. Der Gewinn ist insbesondere den Fremdwährungspositionen geschuldet. Bund und Kantone erhalten eine Ausschüttung von 6 Mrd. Franken. Bund und Kantone erhalten die maximale Ausschüttung von 6 Mrd. CHF. (Bild: ZVG) Die Schweizerische Nationalbank (SNB) liegt mit ihrem Gewinn für das Geschäftsjahrt 2021 deutlich...