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BIG Weekly Newsletter
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A Message To The Reader
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Welcome to the BIG weekly Newsletter!
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This week read about how Switzerland sees blossoming digital asset custody ecosystem, why UAE plans national carbon credit system using blockchain and how LUKB’s new crypto offering to be powered by Sygnum, Fireblocks, and Wyden.
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We offer a free consultation with access to the blockchain insights. Book your free consultation with us here.
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BIG SERVICES
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Do you need to assess, evaluate & plan your business model?
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We can develop your business strategy by providing an assessment report, a detailed concept/whitepaper, digital asset and tokenization, establishing project and corporate governance (board, c-level) and localisation services to setup in Switzerland, govern your firm, fundraising support.
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We can design your product, service and target operating model (TOM), defining functional and service level requirements, requesting for proposal, evaluate & select service provider, implementing integration, project management, testing and go-live activities.
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We can provide you with legal coordination with Lawyers, SRO, Finma, Non-Action letter, support with taxation, compliance, due diligence, risk assessment, support & tools, audit, policy framework and proof of cryptocurrency ownership, compliance workshops.
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We can support your operations by establishing a team and leading day to day production activities, engaging specialists to minimize cyber security risks or attacks, providing technical solutions and architecture design, set up and manage IT infrastructure and analyzing the codebase of blockchain platforms and applications to identify vulnerabilities and potential improvements.
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Following BIG's successful business development over the last five years with a focus on financial services, implementing various projects related to blockchain and digital assets, we are expanding into new industries and are looking for an experienced industry leader with hands-on experience in business development, project management and technology.
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Switzerland sees blossoming digital asset custody ecosystem
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Switzerland has established itself as a global leader in the custody of digital assets, thanks to a conducive regulatory framework.
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UAE plans national carbon credit system using blockchain
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UAE plans a national registration system for carbon credits based on blockchain. The Ministry of Climate Change and Environment has signed a deal with the IIG to develop the solution using the Venom public blockchain.
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LUKB’s new crypto offering to be powered by Sygnum, Fireblocks, and Wyden
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Switzerland’s Luzerner Kantonalbank has joined forces for a fully integrated solution for trading, custody, and transaction monitoring of crypto assets to its 300,000 clients.
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REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)
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tZERO Group, Inc. shares digital assets regulatory reform proposal
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Reform should “support and unleash blockchain technology use cases across the spectrum within and beyond financial services – and none of that can happen if we do not anchor native blockchain network assets well.”
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Canadian digital asset ownership plummets amid global regulatory uncertainty
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Cryptocurrency ownership in Canada declined due to a plethora of factors including uncertainty in regulation, fear of digital asset scams, and unfavorable market conditions.
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India rallies G20 members to develop global digital asset regulatory framework
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India has released a ‘Presidency Note’ emphasizing the need for consistent digital asset rules across different jurisdictions.
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FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)
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Digital Dollar Project completes cross-border CBDC trial with Western Union
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The pilot study assessed the potential advantages of using CBDCs for international remittances, leveraging a distributed ledger technology platform to simulate the transfer of digital dollars and Philippine pesos.
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Japanese startup to use stablecoins and CBDC to link Asian countries
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Soramitsu will deploy Cambodia’s CBDC and fiat-pegged stablecoins as part of its new payment system targeting countries like India, China and Japan and regions like Southeast Asia.
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Wholesale CBDC digital euro trials to use real money
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The ECB clarified that the trials will involve experiments and real money with the onboarding to start later this year and the tests to commence in Q2 of 2024.
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CRYPTOCURRENCIES, DeFi and NFT
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Futurama’s latest reboot takes aim at Bitcoin miners
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The animated science fiction series Futurama, which was created long before Bitcoin was even a gleam in Satoshi Nakamoto’s eye, poked fun at cryptocurrency miners in the third episode of its most recent iteration.
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DeFi teams issue stark on-chain warning to curve finance hacker
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Curve Finance, experienced a hack, resulting in a loss of approximately $52 million in various tokens. The team confirmed that three pools of ETH derivatives from MetronomeDAO, Alchemix Finance, and JPEG'd suffered losses.
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NFT trading is ice cold but developers are still hot for Web3
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Etihad Airways announced plans to launch a Web3 loyalty program that will let its community of frequent fliers stake NFTs for miles.
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RECOMMENDED INDUSTRY REPORTS AND BOOKS
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2023 State of Crypto Report:
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Introducing the State of Crypto Index
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Swiss Digital Asset Custody Report 2023
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The safekeeping of financial assets is a global strength of Switzerland’s banking industry.
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PODCAST SERIES
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THE SWISS ROAD TO CRYPTO PODCAST
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In this podcast Didier Borel discovers people in Switzerland playing an active role in crypto and tech. He talks to entrepreneurs, tech innovators and disruptors shaping the future in this country. Switzerland has always played a key role in banking and has recognized the need to foster innovation.
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Laura Shin is a crypto/blockchain journalist and host of the Unchained and Unconfirmed podcasts. As a former senior editor of Forbes, she was the first mainstream reporter to cover crypto assets full-time. She gives an overview to all experts and novices alike on the use cases making a real impact, and their vision for the future of this innovative technology!
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Got a question?
Or perhaps a suggestion? We'd love your feedback.
Contact Rali Hill
- content provider of this Newsletter.
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