Tag Archives: blockchain

Swiss digital private bank startup, Alpian, raised $ 18 million | Instant News

Alpian, Switzerland’s first mass-market digital private bank, has raised US $ 18 million in its Series B funding round

Alpian, which is incubated by Swiss banking group Reyl & Cie, plans to launch this year – subject to a full banking license from the Swiss Financial Market Supervisory Authority.

This startup is targeting a sizeable demographic in Switzerland – those with investable assets of between CHF100,000 and CHF1 million.

The company plans to persuade these mass wealthy clients by using a combination of machine intelligence and human advisors to create a unique portfolio aligned with personal “preferences, beliefs, philosophies and goals.”

In addition to the core personal banking offering, each account will come with a debit card and a multi-currency account. Alpian also invests in the creation of educational content on financial matters through its recently launched i-vest platform.

Schuyler Weiss, CEO, Alpian, said: “While the Series A fundraiser was aimed at building a digital bank, the Series B fundraising was intended to be used in principle to launch the bank on the Swiss market.

“This approach ensures that Alpian will be in a strong position to provide the best possible service to its customers by the end of this year subject to the issuance of a full banking license by Finma.”


image source

Commerzbank will lay off 1,700 jobs in Germany | Instant News

Commerzbank will cut 1,700 jobs in Germany under a voluntary redundancy program due to be completed by the end of the year.

The cuts mark the start of a three-year cost reduction program announced in January that will result in 10,000 job losses and the closure of 340 branches by 2024.

The bank, which employs nearly 50,000 people worldwide, said that one in every three jobs in its home market in Germany would be lost while its 790 branch network would be reduced to 450.

Following negotiations with union leaders, Commerzbank will offer workers a voluntary termination agreement starting July 2021.

“The voluntary program is an important step in reducing the number of staff required,” commented Sabine Schmittroth, a board member in charge of the group’s human resources. “We are quickly providing instruments that will reduce the cost base in the coming year.”

In the first quarter of 2021, the bank will post restructuring fees totaling around € 470 million to cover program costs.


image source

universal currency for apps and games | Instant News

MADRID, March 31, 2021 / PRNewswire / – Handcash, A Bitcoin and wallet payment provider, is known for overcoming difficult user experience issues and has introduced phone-to-phone NFC, tap-to-pay Bitcoin payment, $ handle, Output Bill, NFC backup and a keyless wallet.

All of this aims to eliminate payment friction so that anyone, even those outside the cryptocurrency space, can use HandCash as an easy-to-operate money app. Duro is the final piece of the puzzle but, perhaps, most importantly, click here for the demo video.

That the unit of account currently at Bitcoin, especially for small payments ie 0.00050273, too complicated. This format is not suitable for people familiar with normal fiat currencies.

Duros is the same as the group of 500 satoshis, without decimals. For example, 0.00050273 BSV and 50,273 satoshi will only be 100Đn (100 Đ, at the time of publication, is worth $ US 1.21).

This is critical to achieving one thing that has never been done before: pricing digital goods and in-app actions in the internet’s universal native currency. In other words, this allows us to price items that never have a price.

With nano and Duro payments, developers can confidently price their digital goods in a universal unit of account. The goal is to convert, say, 100 Pokémon coins and 5 Candy Crush diamonds for 100Đ and 30Đ – pricing digital goods in the same unit of account across different apps and games that create universal and tangible value.

Too, Bitcoin Satoshi Vision (BSV) is a tough sell, even if the reasons were unfair; Handcash only wants the true technology to be the star, not the politics.

For clarity, Duros is not a token: They are BSV satoshi, 500 to be exact, so Duro is the new unit of account for BSV.

SOURCE Handcash


image source

Beeple: How did this guy get nearly $70 million from NFT “crypto art” | Instant News

Beeple’s official Artstation page

Digital artist Mike Winkelmann is named after Beeple. His work “Everydays: The First 5000 Days” was sold for US$69 million at an online auction on March 11, 2021, making history.

Six months before the huge auction, Beppel’s artwork was sold for $100.

Beeple’s art really paved the way for the explosive development of NFT.

Beeple rises to the Digital Art Hall of Fame

in Interview Beeple shared with Insider on March 16 that he never thought his work would be sold at first, until people urged him to “look at the NFT thing.”

Beeple launched the first batch of NFTs in October 2020 and sold a pair for $66,666.66. In December 2020, his series of works sold for 3.5 million US dollars. Then, in February 2021, one of his first NFT artworks was sold for $66,666.66 and resold for $6.6 million.

He explained: “If everyone wants it, then it has value.”

When it comes to “every day: the first 5000 days”, which is his most expensive artwork so far, worth nearly 70 million US dollars, Bipper shared his thoughts. He wanted to create a collage, which he has since 2007 All “everyday” images made since May 1, 2015.

When the pandemic came and Beeple turned his attention to learning more about blockchain, cryptocurrency and NFT, all these successes began to materialize.

However, Beeple believes that the sale of digital art with NFTs is seriously misunderstood.

He said: “I don’t think people understand that you will own the token when you buy it. You can display the token and show that you own the token, but you don’t own the copyright.”

Please also read: NFT Art sold for US$69 million, breaking his record of US$3.5 million; the history behind “every day-first 5000 days”

Is NFT a bubble?The Beetle shares his thoughts

speak Interview On “Fox News Sunday” posted on Twitter on March 21, Bepp shared that the entire NFT mania is a “bubble.”

He said: “To be honest, I definitely think this is a bubble.” “There was a bubble. The bubble burst. It wiped out a lot of nonsense, but it did not wipe out the Internet. Therefore, the technology itself is powerful enough, I think it will be better than this. Live longer.”

Earlier, in his Interview Beeple said in a CNBC report published on March 12 that he believes that the technology itself has so many use cases, even beyond digital art.

He added that he sees NFT as a blank board, and the value at this time is purely speculative.

People who want to prove ownership in today’s digital world can use this technology and cast everyday items such as legal documents as NFT.

In short, NFT can be used to record the ownership of assets on a digital ledger similar to a network that supports cryptocurrency.

In the case of NFTs, the digital ledger will be the Etherium blockchain.

Currently, the focus of NFT revolves around digital art, memes, music and sports competitions.

related articles: Appearance: The most expensive NFT for sale-Beeple encryption art, Steve Aoki, Jack Dorsey and more

This article belongs to “Technology Times”

Written by Lee Mercado

Ⓒ2018 TECHTIMES.com reserves all rights. Do not copy without permission.


image source