Data analyst: Ethereum unlikely to rally until the end of the DeFi bull market

10m
cryptoslate

Bitcoin Price Poised for ‘Imminent’ Breakout As Network Hashrate Hits Record Highs

33m
thebitcoinnews

Banks Worldwide are Increasingly Clamping Down on Customer Being Able to Withdraw Cash and This is Why the World Needs Bitcoin

34m
bitcoinnews

Bitcoin Remains in Firm Bull Territory as Buyers Defend Critical Support

1h
bitcoinist

Crypto Analyst Claims Bitcoin Is Less Than 50 Days Away From...

3h
zycrypto

Bitcoin Has To Reclaim This Level Or Risk A Correction To $8,600, Warns Crypto Strategist

3h
zycrypto

Analysts: DOGE TikTok challenge, falling Bitcoin dominance show “altseason” is here

3h
cryptoslate

IOHK could demonstrate Cardano’s multi-asset standard with Presidential campaign coins for Kanye West and Brock Pierce

3h
cryptoslate

The Popular Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network

4h
thebitcoinnews

Crypto News Roundup for July 7, 2020

4h
beincrypto

Crypto Volumes Plummeted In June, But CME Data Shows Institutional Bitcoin...

4h
zycrypto

The Bitcoin Price Bubble That Never Bursts

4h
zycrypto

Cardano (ADA) May Be Forming a Macro Top Despite Surging 400% Since March

4h
bitcoinist

Top 3 Cryptocurrencies Outperforming Bitcoin Amidst Altcoin Rally

4h
coingape

Alleged scammers hid $14 million of stolen money in Bitcoin

5h
tokendaily

Top 3 Cryptocurrencies Outperforming Bitcoin Amid Altcoin Rally

5h
coingape

Kyber Protocol Katalyst Upgrade And KyberDAO Deployed On The Ethereum Mainnet

5h
cryptoticker

Hey, Big Spender! Don’t Steal My BTC

5h
livebitcoinnews

Female Crypto Influencers Kicked Off Instagram Over Binance Awards

5h
beincrypto

Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions

6h
thebitcoinnews

Binance Acquires Crypto Debit Card Issuer for an Undisclosed Sum

6h
cryptoglobe

Analyst: Bitcoin Needs to Push Past $9,600 to Avoid a Brutal Decline

6h
bitcoinist

Tim Draper Reveals He Owns Cryptocurrencies Other Than Bitcoin

6h
cryptoglobe

Beginner’s Guide on How to Buy Litecoin

7h
thebitcoinnews

Congress Is Once Again Discussing a Digital Dollar

7h
livebitcoinnews


Swiss Government Supports Blockchain Startups Offering Over $10 Million USD The Top 5 Cryptocurrencies to Mine [2020] Coldplay Bassist Launches Into Cryptocurrency, Backing New App The Coinbase Pump: OmiseGo (OMG) Sees A Massive Surge JPMorgan: Digital Currency Threat To Dollar Domination Coinbase Adopts A Remote-First Approach After Lockdown Lifts Bank Of France Successfully Launches Blockchain-Based Project Supernodes Across Europe Attacked By Cryptojackers To Illicitly Mine Monero Andreessen Horowitz On Crypto Entrepreneurs: “Excited To See What They Build” Elon Musk Confirms He Still Owns “Only 0.25 Bitcoin” Lambo 2020: Stamped In Time With New Collectable

coininsider

1mon ago

The Swiss government has rejected a request to assist local cryptocurrency businesses in the canton of Zug.

According to local media outlet Tages-Anzeiger, the request to help support blockchain-based companies in the Swiss’ “Crypto Valley” CHF 100 million francs was denied by the government. Heinz Taennler, Zug’s financial director, requested financial support for cryptocurrency companies which have been impacted by the COVID-19 pandemic and lockdown-related challenges.

As reported, this request stands as the only one of almost 25 COVID-19 applications rejected by the Swiss government. According to the canton of Zug official council site, CHF 15 million francs will be offered to support “sustainable startups“. Of this sum, CHF 5 million francs will come from the canton with the federal government funding CHF 10 million francs.

Taennler explained:

“It is clear that we have to act now because the canton of Zug, with the Crypto Valley, has one of the world’s largest ecosystems for blockchain startups. The new guarantee program is basically structured in the same way as that of the COVID-19 guarantee loans. Startups can apply for a loan from any bank (usually their house bank), which is directly guaranteed by a guarantee cooperative and indirectly by the federal government (65 percent) and the canton of Zug (35 percent). The guarantee of guarantees for Zug startups comprises a total of just under CHF 15 million, of which CHF 5 million is borne by the canton and CHF 10 million by the federal government.”

Switzerland, famed for its enthusiasm towards technology adoption, is one of the world’s leading blockchain hubs. With cryptocurrency hotspots such as Zurich, Basel-Stadt, Geneva, Vaud and Bern, the country houses innovative startups which are focused on developing blockchain solutions. Taennler commented on the importance of harnessing the technology, saying:

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments