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Swiss Bitcoin Wallet

Swiss Bank Becomes First To Offer Bitcoin To Its Richest Clients

Swiss Bank Becomes First To Offer Bitcoin To Its Richest Clients

Swiss bank becomes first to offer bitcoin to its richest clients A Swiss bank is now offering to buy bitcoins for its clients. As of Wednesday, investors can ask their asset manager at Falcon Private Bank , a boutique investment firm headquartered in Zurich, to purchase and store bitcoin on their behalf a first for conventional banks. Despite the cryptocurrencys infamous volatility, this is another indication that is here to stay. We have various clients that are interested in buying bitcoin for investment purposes, and were making it very convenient for them, says Arthur Vayloyan, the global head of products and services at Falcon. Because Falcon will be doing the buying and storing of the digital coins, its customers wont require any specialist knowledge to switch their cash into bitcoin . The Swiss financial authority, FINMA, granted Falcon regulatory approval on Tuesday. But some worry that people may be underestimating the importance of decentralisation to the digital currency . Traditional banks that hold large sums of bitcoin for their customers will be obvious targets for hackers. Its a lot easier to steal digital currency than a traditional currency, say Andreas Antonopoulos , host of the Lets Talk Bitcoin podcast. This is why decentralisation is so important, Antonopoulos says. Indeed, Bitcoin is built on decentralisation. Instead of central banks and governments, Bitcoin relies on a network of computers that anyone can join to check the legitimacy of transactions. Every Bitcoin is accounted for on a digital ledger called the blockchain that records how many coins each digital wallet holds. Whenever currency changes hands, everyone on the network updates their copy of the blockchain too. Underpinning the whole system is some complex mathematics that makes it Continue reading >>

Bitcoin Wallets Get A Key Approval In Switzerland

Bitcoin Wallets Get A Key Approval In Switzerland

Bitcoin wallets get a key approval in Switzerland One company can hold your digital currency without having to serve as a bank. Chris Ratcliffe/Bloomberg via Getty Images Bitcoin companies offering virtual wallets sometimes face a difficult legal question: do they have to operate as a bank (with all the regulation that entails), or can they function as something else? In Switzerland, at least, that matter is settled. Xapo has received "conditional approval" for running its bitcoin wallet service from the country. It'll have to participate in a self-regulatory organization and meet other unspecified terms, but it won't have to secure a banking license. As of now, it's classified as a financial go-between. Xapo was likely helped by its insistence that it doesn't take deposits. The firm adds that it won't serve American customers, potentially due to legal uncertainty surrounding bitcoin. The approval isn't coming completely out of the blue. Switzerland plays a key role in the financial community, and it has been aggressively courting bitcoin operations in a bid to future-proof itself. Nonetheless, the legal footing granted here is important. It opens the door to other wallet businesses that want to use Switzerland as a home base, and could set an example for other countries to follow. Continue reading >>

3 Pack Digitalbitbox Swiss Made Bitcoin And Ethereum Hardware Wallet With Microsd Tf Slot For Easy Master Seeds Backup Fido U2f Compatible

3 Pack Digitalbitbox Swiss Made Bitcoin And Ethereum Hardware Wallet With Microsd Tf Slot For Easy Master Seeds Backup Fido U2f Compatible

3 Pack digitalbitbox Swiss made Bitcoin and Ethereum hardware Wallet with microSD TF slot for easy master seeds backup FIDO U2F compatible Account confirmation is required. Please, check your email for the confirmation link. 3 Pack digitalbitbox Swiss made Bitcoin and Ethereum hardware Wallet with microSD TF slot for easy master seeds backup FIDO U2F compatible 3 Pack digitalbitbox Swiss made Bitcoin and Ethereum hardware Wallet with microSD TF slot for easy master seeds backup FIDO U2F compatible Digitalbitbox is a genuine Swiss Made, bitcoin.org certified and engineered by a teamof experts Dr.DOUGLAS BAKKUMand well known Bitcoin Developer & co-founder JONAS SCHNELLI. This is a super simple secure and sturdy bitcoin hardware wallet packed with security and privacy. Safely hold and spend your coins with peace of mind. Industry's first and easiest offline and anytime backup and recovery with a micro SD card Switch between different wallets in a snap Private keys never touch your computer or the internet - learn more Native software app that is simple to use Avoids security risks of browser-based extensions Continue reading >>

Us Treasury Secretary Munchin Likens Bitcoin To Offshore Swiss Bank Account

Us Treasury Secretary Munchin Likens Bitcoin To Offshore Swiss Bank Account

US Treasury Secretary Munchin Likens Bitcoin to Offshore Swiss Bank Account Join our community of 10 000 traders on Hacked.com for just $39 per month. US Treasury Secretary Steven Mnuchin is making headlines again, but not for him and his wife Louise Lintons James Bond-like lifestyle . This time, Mnuchin has issued a warning that bitcoin has all the makings of the next Swiss Bank Account, expressing concerns that are twofold bitcoin could be treated as an offshore account for money laundering and the rise of the cryptocurrency places consumers in a position to get hurt. This according to Mnuchins response to a question about bitcoin at the Economic Club of Washington in recent days accessible on Bloomberg . In a question about what the US government should do about bitcoin, Mnuchin lightened the mood by asking moderatorDavid Rubenstein for full disclosure on bitcoin ownership, to which Rubenstein responded that he didnt even know what it is and that he missed the boat, to a round of laughter. Mnuchin said the US Treasury is very focused on cryptocurrencies, pledging to work with the Group of 20 nations (G-2o) to stop digital coins such as bitcoin from rising tothe status of a digital version of a Swiss bank account. For instance,Mnuchin pointed to the United States as a model, given the know-your-customer (KYL) protocol for digital-wallet companies that is embedded in USlaw. This gives the US government a way to track the cryptocurrency trail to combat money laundering and other nefarious activities. But the rule is absent from the rest of the world. If you have a wallet to own bitcoins, that company has the same obligation as a bank to know you as a customer. We can track those activities. The rest of the world doesnt have that, so one of the things we will be working Continue reading >>

Swiss Digital Asset Exchange Buys U.s. Wallet Maker In All-bitcoin Deal

Swiss Digital Asset Exchange Buys U.s. Wallet Maker In All-bitcoin Deal

Swiss digital asset exchange buys U.S. wallet maker in all-bitcoin deal NEW YORK (Reuters) - Swiss digital currency exchange ShapeShift AG said on Wednesday it has acquired Seattle-based KeepKey Holder LLC, a maker of devices known as digital wallets, in an all-bitcoin deal. A Bitcoin (virtual currency) coin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/Illustration Financial terms were undisclosed. KeepKeys wallet, which sells for about $100, stores digital currencies. As bitcoin and other crypto-currencies have gained in popularity, a group of companies such as KeepKey has emerged to serve a growing need to protect these assets from online theft. ShapeShifts chief executive officer, Erik Voorhees, said in an interview the acquisition allows the company to provide its users a cohesive experience in which they can exchange digital assets and store them at the same time. KeepKey integrated ShapeShifts application more than a year ago. Amid heightened interest in the concept of digital currencies, a simple, user-friendly cold storage wallet with the ability to facilitate trading or exchanging for another crypto-currency is key to wider adoption, said Voorhees. Cold storage refers to keeping digital assets completely offline, disconnected from the internet and thus minimizing the incidence of hackings. Bitcoin, litecoin, and ether are digital assets and when they are stored in online devices, such as a laptop or smartphone, there is increased risk of theft. By using KeepKey together with ShapeShift exchange, chances of a cyber attack are greatly diminished, Voorhees said. With ShapeShift, users dont need to leave funds at an exchange, he said. With KeepKey, users dont need to leave funds on any com Continue reading >>

Swiss Bank In Your Pocket

Swiss Bank In Your Pocket

The worlds first bitcoin mining ASIC based on the 16nm process node Bitmains BM1387 chip is built using TSMCs 16nm FinFET technology and, delivering a record-breaking 0.098 J/GHs, is the worlds most efficient bitcoin mining chip in the consumer market. Each Antminer S9 employs 189 such chips to deliver more hashrate and efficiency than any bitcoin miner ever made. Worlds most powerful bitcoin miner, yet smaller than many portable boom-boxes The Antminer S9 follows the same form factor as that of the hugely popular Antminer S7 and is nearly the same size. Yet it has more than thrice the power and twice the efficiency of the S7. Each Antminer S9 employs 189 such chips to deliver more hashrate and efficiency than any bitcoin miner ever made. Controlled by a Dual ARM Cortex-A9 Microprocessor S9s control board uses a Xilinx Zynq-7000 series FPGA with a Dual ARM Cortex-A9 microprocessor Bitmains engineering team understood the importance of every detail while working to make the worlds most power-efficient yet powerful Bitcoin miner. The Antminer S9s control board employs the fast Dual ARM Cortex-A9 microprocessor with CoreSight and supports Gigabit Ethernet to ensure that mined blocks are submitted instantly. A high-grade aluminium case, customized heat-sinks and two computer-controlled fans to keep it cool The S9 utilizes a combination of conduction and convection cooling to make the worlds most powerful miner perform best without getting hotter than any other terahash bitcoin miner. Every chip of the S9 is fitted with custom-made heat sinks that are made of a high-grade Aluminium alloy. The case of the S9 is made of the same material. Two computer-controlled high speed fans on both ends of the tube ensure that the hot air is rapidly replaced by cooler air at the required Continue reading >>

Xapo's Swiss Mountain Bitcoin Vault In Photos Quartz

Xapo's Swiss Mountain Bitcoin Vault In Photos Quartz

Im being driven along the eastern shore of Lake Lucerne when my guide points out our destination. The bunker is in one of those mountains, says Maxim Kon, gesturing at a fog shrouded peak on the opposite shore as he pilots his BMW convertible. Kon is taking me to see one of the vaults where Xapo, the company he works for, stores its customers bitcoins. Its no ordinary vault: Ive been told its inside a decommissioned Swiss military bunker dug into a granite mountain. Its precise location is secret, and access is limited by security measures that would put a Bond villain to shame. Kon wont tell me how much bitcoin is stored in the vault, but he says he sometimes takes customers with millions of dollars worth of the cryptocurrency stored with Xapo to tour the vault. Its odd to think of a virtual currency needing physical storage, but just like your most precious photos, even a cryptocurrency needs some kind of material container. Xapos founder is the Argentinian entrepreneur Wences Casares, the patient zero of bitcoin among Silicon Valleys elite. It was Casares who gave tech luminaries like Bill Gates and Reid Hoffman their first bitcoins. A bitcoin vault doesnt store actual bitcoin units. Technically, whats being stored are private, cryptographic keys. These keys form a pair with particular, public-facing, keys and provide access to the balance of coins stored on the bitcoin network. Gaining unauthorized access to someones private keys is akin to making off with a gold bar. Stories of hackers finding their way through even the best secured accounts are legion , and its ironic that bank-like methods have to be used to keep cryptocurrencies safe. If someone gets hold of your private key, theres no way to claw the funds back or demand a refund. Thats why a firm like Xapo th Continue reading >>

Bitkey - Secure Bitcoin Swiss Army Knife

Bitkey - Secure Bitcoin Swiss Army Knife

BitKey is a bootable system image based on Debian containing everything you need to perform highly secure air-gapped Bitcoin transactions. You don't need to install it to a hard drive because it runs live from RAM. You just write the ISO image to a USB drive or burn it to CDROM. Under the hood it contains a swiss army knife of handy Bitcoin tools that support a wide range of usage models, including a few very secure ones which would otherwise be difficult to perform. We created BitKey because we wanted something like it for our own use. We're avid Bitcoin fans but after going to our first local Bitcoin meetup we discovered the elephant in the room was that there was no easy way to perform cold storage Bitcoin transactions where the wallet lives on an air-gapped system physically disconnected from the Internet. The idea was to see if we could use the TurnKey GNU/Linux build system to create a self-contained read-only CD/USB stick with everything you need to perform Bitcoin transactions with as much security as you wanted - including highly secure air-gapped Bitcoin transactions. We've documented several common use cases right on this website's usage section . Click on the various boot modes for instructions. It depends! Air-gapped systems raise the bar because they are physically prevented from communicating with the Internet. That prevents an attacker that doesn't have physical access from actively attacking the computer and/or remote controlling it. But like all other security measures air-gaps are no silver bullet, especially when you don't trust the system behind the air-gap. There are many ways an evil air-gapped system can betray its user, including creating bad transactions and smuggling out secret keys via covert channel (e.g., USB keys, high frequency sound, co Continue reading >>

List Of Bitcoin Companies

List Of Bitcoin Companies

This is a list of Wikipedia articles on for-profit companies with notable commercial activities related to bitcoins and Cryptocurrency . Common services are wallet providers , bitcoin exchanges , payment service providers [1] and venture capital . Other services include mining pools , cloud mining , peer-to-peer lending , exchange-traded funds , over-the-counter trading , gambling , micropayments , affiliates and prediction markets . A sign advertising bitcoin payments in a cafe in The Netherlands in April 2013 A bitcoin ATM in the Czech Republic in September 2014 A FPGA based bitcoin mining board from 2013 Detail of TREZOR hardware wallet showing transaction details on its display 2014 A bitcoin point of sale terminal showing transaction has been paid, 2016 Continue reading >>

Top Up Bitcoin Wallet At All Swiss Train Stations

Top Up Bitcoin Wallet At All Swiss Train Stations

Top Up Bitcoin Wallet At All Swiss Train Stations From Nov. 11, anyone can top up their Bitcoin wallet 24 hours a day from any of the SSB Ticket machines. Switzerland seems to be a country to watch in regards to adoption of the digital currency Bitcoin by the mainstream. They were the first country in the world to have a city where you can pay for public services with it. Now from the 11th of November anyone can top up their Bitcoin wallet 24 hours a day from any of the SSB Ticket machines . In May 2016, the Swiss Broadcasting Corporation reported that residents will be able to make payments of up to 200 Swiss francs i.e. $200 or 140, using the crypto-currency for public services, in a trial scheme that began on July 1 and runs until the end of the year. Zug, a central city in Switzerland is known as the "crypto-valley" as it hosts more than a dozen companies specialising in Bitcoin-related activities. The Mayor, Mueller, seems very pro Bitcoin stating : "I can imagine that in the near future it will be possible to pay your tax bill with Bitcoin." The SSB ticket machines were first introduced at all SSB train stations and at many other transport companies throughout Switzerland in 2015. The idea was to make payments to these machines easier using innovative technology and enable consumers to use contactless, faster payment with the Postfinance-Card , American-Express, Mastercard PayPass and VISA payWave credit cards. These ticket machines already allow you to top up pay-as-you-go calling credit for mobile phones for carriers Swisscom, Sunrise, Orange, Lebara, Yallo, Lyca Mobile, Coop Mobile, M-Budget Mobile, Aldi Suisse Mobile, Mucho Mobile, GT Mobile and Ortel Mobile. You can also purchase phone cards for low cost phone calls abroad through BeeOne, Flash and the Telec Continue reading >>

Xapo - Bitcoin Wallet & Vault

Xapo - Bitcoin Wallet & Vault

Interested in getting started with Bitcoin? Make a smooth transition from fiat to digital money! Xapo provides the tools you need to purchase bitcoins, then manage them through our easy-to-use online wallet, or store them in Xapo's free, ultra-secure Vault. Your Xapo Card seamlessly links to your Xapo Wallet and allows you to make everyday purchases and withdraw cash from ATMs. Xapo has been described by The Wall Street Journal as the Fort Knox of bitcoin storage. So if youre looking to secure your bitcoins, then look no further than the Xapo Vault. Weve developed a new standard of bitcoin security and protect your assets in the Vault so that you are rest assured that your money is safe and sound. The Xapo Wallet provides a way to manage your funds when you want and where you want. All it takes is the click of a button, the sending of an email or the swipe of your Xapo Card. Lawrence H. Summers was the Secretary of the Treasury under President Bill Clinton, and continues to be one of the leading economic and policy thinkers of our time. Until now whenever weve needed to transfer money weve had to rely on a third party, whether it be a bank, a clearing house or a payment network. Bitcoin offers, for the first time, a method for transferring value and making payments from anywhere to anywhere, in real-time, without any intermediary. This could mean we soon see many billions of people sending bitcoin everyday as easily as they currently send a text message. Dee Hock is the founder of Visa, and is responsible for effectively creating payment systems as we know them today. Bitcoin represents not only the future of payments but also the future of governance, Mr. Hock said. We live in the 21st century but are still using command and control organizational structures from the Continue reading >>

Switzerland Is Paving The Way For Bitcoin And Blockchain Banks

Switzerland Is Paving The Way For Bitcoin And Blockchain Banks

Nov 18, 2016 at 15:00 UTC|UpdatedNov 19, 2016 at 15:28 UTC Swiss Parliament member Franz Grter could hardly be happier that his proposal for new blockchain regulations has been shot down. For months, he resisted the government's requests to kill his motion, which would have changed the definition of a bank to make it easier for cryptocurrency companies to open in Switzerland. "We got this," was the gist of what they told him. "Thanks, but no thanks." But Grter, who was elected to represent the Lucerne region of Switzerland a year ago, remained skeptical. "The reason I was frustrated was that I didn't believe how bureaucracies work, how bureaucracy works in governments," Grter told CoinDesk. "I was not expecting that they would really say what they were writing. So, I kept my motion in place." Two months later, he changed his mind. In August, the Swiss Financial Market Supervisory Authority( FINMA ) (which oversees the nation's financial sector) finally convinced him what they were working on would amount to a real impact on blockchain companies -- and soon. Instead of lowering the amount of capital required for banks to keep on hand, the regulation currently being prepared will create an entirely new category of financial institution, he said. Grter calls this new breed of company a "crypto-bank," and since he's rescinded his own motion to change the law, he's pledged his support to these new financial entities. "I'm more than open to help the whole industry. If there are any further hurdles for them, we can eliminate those hurdles. Up to now, I can say my influence worked." Grter said he first became aware of the issues faced by cryptocurrency startupswhen he was approached by Xapo CEO Wences Cesares, who was then considering whether to move his bitcoin wallet provide Continue reading >>

Bitcoin Will Be Worth $1 Mln In 10 Years: Swiss-based Bitcoin Wallet Ceo

Bitcoin Will Be Worth $1 Mln In 10 Years: Swiss-based Bitcoin Wallet Ceo

Bitcoin Will Be Worth $1 Mln In 10 Years: Swiss-Based Bitcoin Wallet CEO Xapo CEO Wences Casares has said Bitcoin could be worth $1 mln within 10 years. Swiss-Based Bitcoin Wallet Xapo CEO Wences Casares has made one of the most bullish Bitcoin price predictions yet at the Consensus 2017 conference in New York. In comments at the event, Casares forecast one Bitcoin being worth a massive $1 mln in ten years time, taking attendees by surprise. Whoa. PayPal guy & @xapo @wences : only buy the #bitcoin you can afford... and predicts it will hit $1 million in 5-10 yrs #consensus2017 SusanPoole (@BitCoinSusan) May 23, 2017 Bitcoin price predictions have been increasingly daring in recent months as Bitcoin breaks through one barrier after another - $1,200, $1,600, $1,800 and most recently $2,000. In April , Blockchain CEO Peter Smith joined Snapchat investor Jeremy Liew in saying $500,000 would be the cost per coin by 2030. At the time, Bitcoin cost around $1,170 - around half its current price. "We believe Bitcoin awareness, high liquidity, ease of transport and continued market outperformance as geopolitical risks mount will make Bitcoin a strong contender for investment at a consumer and investor level," the pair told Business Insider. In the intervening month, market outperformance has been the topic on the lips of many. Ethereum 7,328% gain since January 27th, 2016 Toni Lane (tlc) (@tonilanec) May 23, 2017 The media is also awash with Bitcoin admiration, CNBC calling it the new gold and running dedicated features on the virtual currency highlighting investment gains. Continue reading >>

A Review Of The Swiss-made Digital Bitbox Hardware Wallet

A Review Of The Swiss-made Digital Bitbox Hardware Wallet

A Review of the Swiss-Made Digital Bitbox Hardware Wallet During the Anarchapulco event last week I had purchased a Digital Bitbox hardware wallet. Ive tested and reviewed a variety of popular hardware wallets over the years and decided to experiment with the Bitbox platform so our readers can get an idea of what this product has to offer. Also read: Venezuelan Government Opens School to Teach Citizens About Cryptocurrencies The Shift Devices AG company calls its flagship product, the Digital Bitbox , a minimalist hardware wallet. The device is roughly around the same price (59 per Bitbox) as the Ledger Nano. Digital Bitbox is a device made in Basel, Switzerland by a company called Shift Devices AG (formerly ETH Zurich) and has been out for well over a year. After purchasing the wallet, I observed the packaging was air-sealed and was uncompromised. If the wrapping was removed or manipulated, one could clearly see the packaging was tampered with before initializing the device process. My device was not tampered with, and I removed the wrapping with a pair of scissors which revealed a cardboard box that held only two items The Bitbox wallet and an 8GB Micro SD card. The Digital Bitbox only comes with the device, and an 8GB Micro SD card with a plastic container for storage. The cardboard box has no walkthrough pamphlets, just a website address that explains where a person can get started at digitalbitbox.com/start . From there I read the quick walkthrough which is pretty self-explanatory. Next, I downloaded the Mac OS desktop client (Windows and Linux apps are available as well) and waited for the download to complete. When it finished, I installed the platform to my Applications folder and proceeded to open the software which will likely prompt you to enter your compute Continue reading >>

Swissquote Bank Launches Exchange-traded Bitcoin Certificates

Swissquote Bank Launches Exchange-traded Bitcoin Certificates

Swissquote Bank Launches Exchange-Traded Bitcoin Certificates The firm Swissquote Bank SA has announced the launch of a new cryptocurrency based exchange-traded product called bitcoin certificates. The certificates will be Swissquotes first actively managed fund thats tethered to digital assets and cash. Also read: Local Japanese Government Considers ICO to Revitalize Region Swissquote Group Believes Investors of All Profiles Should Have Bitcoin Exposure Swissquote Group Holding SA is a firm that was created in 1996 and specializes in financial management and online trading services. The company is headquartered in Switzerlandbut also has locations in Hong Kong, London, Malta, Dubai, Zurich, and Bern. Swissquote Groups bitcoin certificates will be traded on the SIX Swiss trading platform alongside the companys public shares. The exchange-traded certificates will be called, SQXBTQ , and the fund will utilize algorithm based machine learning, and a quantitative investment team that claims tocontinually follow bitcoin price trends. Investors of all profiles should be able to benefit from the boom in digital currencies. This is why we are launching the first dynamically-managed bitcoin certificate listed on the Swiss exchange, explains the financial management firm. Limit your risk exposure by investing in the certificate on the SIX Swiss Exchange and benefit from healthy potential gains. Partnering With Bitstamp and Taming Volatility The Swiss financial services provider has been interested in cryptocurrencies and what bitcoin has to offer for quite some time. Just recently news.Bitcoin.com reported on Swissquote partnering with the European cryptocurrency exchange Bitstamp this past summer. At the time, this move had enabled Swissquote to offer bitcoin exposure to over 2 Continue reading >>

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