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Congratssss! 🚀
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incredible work team! let's goooooo!
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The Swiss central bank president added that he doesn’t see Bitcoin or crypto potentially dethroning the Swiss franc either:
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While Schlegel acknowledged the crypto market secures nearly $3 trillion worth of value, he said the industry remains a “niche phenomenon” compared to the broader financial system.
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Schlegel also pointed out that because Bitcoin and cryptocurrencies are run by software, they are inherently susceptible to bugs and technical vulnerabilities:
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“Second, our reserves need to be highly liquid so that they can be used quickly for monetary policy purposes if needed,” Schlegel told Tamedia on March 1.
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Schlegel first told Swiss local media outlet Tamedia that Bitcoin and other cryptocurrencies are too volatile, which isn’t conducive to maintaining the value of SNB’s investments.
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https://x.com/itsbecfreen_/status/1902628543705547016
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“In this case, the Parties submit that it is in each of their interests to stay this matter while they consider a potential resolution,” the filing added.
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South Korea’s FIU imposed a three-month restriction on crypto deposits and withdrawals for new Upbit customers, according to an FIU statement released on Feb. 25.
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Nic Carter, a partner at Castle Island Ventures, says the time for memecoins is “unquestionably over” following the recent $4 billion LIBRA scandal involving Argentine President Javier Milei.
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“Put in perspective, that’s over half of all installs seen in the country through all of 2023. Clearly, there’s still tremendous potential to be had, and with 2025 on track to be a record-setting year, prudent crypto app marketers must use every tool in their arsenal to gain and retain market share,” Rosenfelder added.
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Markus Kuhnert, CEO of 1iO — which is building the foundation of decentralized collaboration — recently stressed that Web3’s primary goal should be giving users complete control over their data. “Web3 is all about cutting out the middleman economy,” he said. “It’s about ownership, owning the data, owning the infrastructure.” 1iO’s official stance is, “We eliminate intermediaries. You individually decide with whom you want to share your data and under what conditions.” That is an ideal that Web3 needs to uphold.
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Control is active. The entity that can manage, modify and make unchallenged decisions about the fate of their possessions is an owner with genuine control. Ownership without control is but an illusion. It is the façade of freedom. It lacks substance.
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Kim was accused of liquidating crypto assets and not reporting roughly $4.5 million in profit before lawmakers in the country enforced the Financial Action Task Force’s (FATF) “Travel Rule,” which requires disclosure of crypto assets.
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On Feb. 10, the South Korean newspaper Chosun Daily reported that Judge Jeong Woo-Yong of the 9th Criminal Division of the Southern Seoul District Court acquitted Kim of charges he obstructed public duty by deceit.
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Showcasing the growing appetite for digital asset exposure, increasingly more institutional funds are targeting multi-year holding strategies.
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Continued institutional ETF adoption may significantly bolster Bitcoin’s price since institutions hold large amounts of capital that can move crypto markets. Bitcoin needs continued institutional adoption to reach new all-time highs.
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