Swiss franc – DIGIT INFO

UBS Warns of Further US Dollar Decline, Advises Investors to Reduce USD holdings

DIGIT — Tue, 01 Oct 2024 00:46:22 +0000

Financial giant UBS expects the U.S. dollar to continue to depreciate, advising investors to reevaluate their portfolios. The bank predicts a medium-term decline due to shrinking interest rate advantages and a growing fiscal deficit. With the dollar down 5% since June, UBS recommends strategies like currency hedging and diversifying into other currencies and assets like […]

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Swiss wholesale CBDC pilot kicks off in alliance with central, commercial banks

DIGIT — Thu, 02 Nov 2023 10:13:24 +0000

The Swiss wCBDC pilot project will be hosted on SDX and use the infrastructure of Swiss Interbank Clearing (SIC).

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Euro Drops to 20-Year Low Against the US Dollar, Tapping $1.028 per Unit — Analyst Says Parity Is Imminent

DIGIT — Tue, 05 Jul 2022 16:30:50 +0000

The euro has had a sluggish start to the second half of 2022 as the fiat currency slid to a 20-year low against the U.S. dollar. The drop adds to the fear that the global economy is in a recession and analysts believe that the risk of “parity is just a matter of time now.” […]

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Swiss public exchange lists two new carbon-neutral crypto ETPs

DIGIT — Mon, 11 Apr 2022 11:39:47 +0000

The BTCO2 and ETH2O ETPs seek to expose investors to the world’s two most valuable cryptocurrencies while offsetting their carbon footprints.

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‘The risks outweigh the benefits’ of a Swiss CBDC, says SNB governing board member

DIGIT — Tue, 18 Jan 2022 20:01:51 +0000

“This does not mean the SNB is not interested in CBDC, but our focus is to look at the role that wholesale CBDCs could play,” said Andréa Maechler.

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Central Banks of France, Switzerland and BIS Complete Cross-Border CBDC Trial

DIGIT — Thu, 09 Dec 2021 18:30:09 +0000

Bank of France, the Swiss National Bank (SNB), and the Bank for International Settlements have successfully tested the application of wholesale central bank digital currency in cross-border payments. The project used distributed ledger technology and was realized with help from private firms. France and Switzerland Explore Direct Transfer of Euro, Swiss Franc Wholesale Digital Currencies […]

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Bitcoin briefly flippens Swiss franc after rally to new ATH

DIGIT — Wed, 20 Oct 2021 18:44:59 +0000

The crypto asset’s market capitalization overtook the Russian ruble in February after a major announcement from car manufacturer Tesla.

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Steve Forbes Says Bitcoin’s Fixed Supply Limits Its Ability to ‘Meet the Needs of a Growing Economy’

DIGIT — Mon, 18 Jan 2021 03:30:51 +0000

American publisher Steve Forbes has attacked bitcoin’s fixed supply saying this feature actually curbs the ability of the crypto to “meet the needs of a growing economy.” He also argues that bitcoin cannot replace the dollar because it is presently too volatile to function as money. Forbes insists that money only works best if it […]

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Swiss National Bank and BIS complete digital currency proofs-of-concept

DIGIT — Fri, 04 Dec 2020 10:24:01 +0000

The Swiss National Bank and BIS don’t want to miss out on possible blockchain-powered benefits for the financial system.

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Inflation games: Bitcoin competes with fiat on value but lacks volume

DIGIT — Sat, 14 Nov 2020 13:30:00 +0000

Amid global economic contraction, Bitcoin appears to be gaining momentum against struggling fiat currencies.

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