Bitcoin Suisse Restructuring Could Affect 60 Swiss Jobs

Bitcoin Suisse plans to shift up to half of its Swiss jobs abroad as the crypto financial services firm expands its international operations.  Founded in Zug in 2013, the company provides crypto trading, custody, staking and lending services. The restructuring could affect up to 60 of the companys 120 Swiss positions, primarily in back-office and administrative roles, according to a Friday report from Swiss financial publication Finews.  Discover more  Finance  Stocks & Bonds  Digital Currencies  The affected functions are expected to move to lower-cost hubs in Bratislava and Vietnam, where Bitcoin Suisse plans to establish a new location in the coming years. CEO Andrej Majcen said cost was a key factor in the move, telling Finews that operating the affected services in the two countries would be significantly less expensive.  Majcen added that the restructuring was not a response to weakness in the crypto market, but part of Bitcoin Suisses strategy to expand internationally and build a broader wealth and asset management business.  In June, the company said it was expanding beyond its Swiss market, targeting institutional clients, family offices, asset managers and high-net-worth individuals as part of its evolution toward a global wealth management platform.  Bitcoin Suisse also secured licenses in Liechtenstein and Bermuda earlier this year, while

09-12انڈسٹری

Bitcoin Suisse announces international expansion with 50% Switzerland job cuts

Bitcoin Suisse, in an effort to reshape itself into an internationally focused financial services group, plans to eliminate as many as 60 of its roughly 120 jobs in Switzerland.  The Swiss financial workforce is taking a hit on multiple fronts, with Bitcoin Suisse cutting up to 60 of its roughly 120 Swiss jobs while UBS, Helvetia Baloise, Raiffeisen Switzerland, and Swiss Life also plan significant layoffs.  Why is Bitcoin Suisse cutting its workforce?  Bitcoin Suisse has announced that it will be eliminating as many as 60 of its roughly 120 roles. The company initially built its reputation on cryptocurrency trading and custody before adding staking and lending.  Discover more  Compare Credit Cards  Open Trading Account  Financial  Now, it intends to serve wealthy private clients, family offices, asset managers, and institutional investors with services that reach beyond crypto, and the shrinking of its workforce is integral to that.  The jobs that will be most affected by this cut are in back-office and administrative work, along with software development.  The eliminated roles are set to be moved to either Bratislava or Vietnam, where Bitcoin Suisse intends to build a new site over the coming years.  Rather than weakness in the crypto market, the company says the cuts are about cost and efficiency. The

09-12انڈسٹری

US regulators propose bank third-party risk guidelines

Four U.S. financial regulators have proposed new third-party risk guidelines that would let banks and credit unions tailor oversight to each outside relationship while replacing existing guidance.  SummaryFour federal regulators have opened the proposed guidelines to public comment.The nonbinding framework would replace third-party risk guidance issued in 2023 and 2024.Community banks with less than $30 billion in assets would receive a separate practical guide.Federal Reserve Governor Michael Barr dissented, warning of supervisory gaps and added financial risk.  Proposed bank guidelines favor risk-based oversight  The Federal Reserve, Federal Deposit Insurance Corporation, National Credit Union Administration, and Office of the Comptroller of the Currency announced the proposal on Sep. 11, saying financial institutions should match their controls to the risks posed by each third-party relationship.  Under the proposal, banks and credit unions would consider both the possible harm from an outside provider and the likelihood of the harm occurring. Institutions could use less detailed checks, standard contracts, or less frequent monitoring when a relationship carries limited risk.  The framework would also let a financial institution accept some residual risk after considering its risk appetite, tolerance, and ability to operate safely. According to the agencies, the principles would not impose enforceable requirements, and a bank would not face

09-12انڈسٹری

Smarter Web Company Plans First UK Bitcoin-Backed Preferred Shares

TLDR:The Smarter Web Company targets a £15-25 million raise through new MORE preferred shares.The firm holds about 2,747 BTC, the UKs largest public Bitcoin treasury position.Preferred Shares would carry no voting rights but include a liquidation preference.A General Meeting for Ordinary Shareholders is scheduled for September 28, 2026 in Bristol.  The Smarter Web Company confirmed plans for a new class of preferred shares tied to its Bitcoin holdings. The UK firm disclosed the move in a Regulatory News Service announcement on September 11, 2026.  Approval from the Financial Conduct Authority remains a condition before any listing proceeds. The company already holds the largest public Bitcoin treasury in the United Kingdom.  Smarter Web Company Eyes £15-25 Million Bitcoin Treasury Raise  The reserved ticker for the new instrument is “MORE.”  The company expects to raise between £15 million and £25 million if the offering goes ahead. Proceeds would support the firms ongoing Bitcoin accumulation strategy, known internally as its 10-Year Plan.  Discover more  Digital Currencies  Brokerages & Day Trading  Stocks & Bonds  The Smarter Web Company describes the shares as a potential first.  No other UK-incorporated company has issued a sterling-denominated, London Stock Exchange Main Market perpetual preferred share backed by a Bitcoin treasury. That claim sits at the center of Wednesdays announcement.  CEO

09-12انڈسٹری

Albuquerque Bans Crypto ATMs, Gives Operators 45 Days to Remove Machines

Albuquerque City Council has banned the use of physical cryptocurrency ATMs.The ban follows rising cases of fraud and scams, often targeting elderly residents.City Council set a 45-day deadline for crypto ATM operators to remove machines or face penalties.  The Albuquerque City Council of the US state of New Mexico has banned Virtual Currency Automatic Teller Machines, also known as crypto ATMs, citing crime-related issues.  Albuquerques District 1 Councilor Stephanie W. Telles stated that 90% of crypto ATM transactions in Albuquerque are used to commit fraud and scams, often targeting elderly residents. Meanwhile, city leaders also cited a nationwide increase in financial fraud facilitated by the cryptocurrency kiosks as a reason for the ban.  The Ban is Restricted to Physical ATMs Only  After the crypto ATM ban, cryptocurrency users in Albuquerque can no longer physically exchange cash for crypto within the city. However, the ban changes nothing about their online crypto activities, including trading and ownership.  The ban means that crypto users can no longer use Bitcoin ATMs located in local convenience stores, laundromats, or gas stations. The city has mandated that crypto ATM owners unplug and remove them from these locations. Landlords and business owners who fail to comply by removing the machines from their

09-12انڈسٹری

ZEC Price Prediction: Is $2,000 Next After Zcash Breaks Above $1,200?

Zcash has emerged as one of the biggest winners of the latest crypto rally, with ZEC breaking above $1,200 and reaching its highest price since 2016. The move briefly carried the token to $1,249.28 and pushed its market capitalization beyond $20 billion, following gains of roughly 45% in one week and 138% over the past month.  The speed of the advance raises a more important question for the ZEC price prediction: is Zcash approaching the limits of a momentum-driven rally, or is the market beginning to assign a permanently higher valuation to the privacy-focused cryptocurrency? Unlike a typical speculative breakout, several catalysts are developing simultaneously. Institutional access has expanded, privacy is attracting renewed attention, available ZEC supply is tightening, and short sellers have been forced to chase the market higher.  Zcash ETF Changes the Demand Equation  The most significant change behind Zcashs rally is the arrival of a new source of institutional demand. Grayscale converted its existing Zcash Trust into an ETF, with ZCSH beginning trading on NYSE Arca on August 25.  That conversion makes ZEC considerably easier to access for investors who want cryptocurrency exposure without directly buying and custodying tokens. The fund attracted at least $34.4 million in net inflows shortly after

09-12انڈسٹری

Nike Exit S&P 100 Confirmed Ahead Of 2026 Rebalance

Nike is set to drop out of the S&P 100 before U.S. markets open on September 21, 2026, marking one of the more notable index shakeups of the year for a company that has long been a fixture among Americas largest publicly traded names. This Nike S&P 100 exit comes from S&P Dow Jones Indices as part of its regular quarterly rebalance, and it puts the sportswear giant in the same boat as three other well-known corporations losing their spot in the benchmark.  Key takeawaysNike will leave the S&P 100 before U.S. trading begins on September 21, 2026, following an announcement made September 4.Honeywell Aerospace, Simon Property Group, and Colgate-Palmolive are also exiting the index alongside Nike.Dell Technologies, Palo Alto Networks, Arista Networks, and SanDisk will take their place in the S&P 100.Nike remains part of the broader S&P 500 and continues trading normally on the stock market.The change reflects S&P Dow Jones Indices effort to keep the index representative of current market capitalization ranges.  Nikes Departure from the S&P 100  Nike will officially leave the S&P 100 before the opening bell on September 21, 2026, according to S&P Dow Jones Indices. The index provider confirmed the change on September 4, framing it

09-12انڈسٹری

White House adviser disclosed up to $5M in Coinbase stock

White House economic adviser Kevin Hassett has disclosed owning between $1 million and $5 million in Coinbase shares while the Trump administration advanced policies affecting the U.S. crypto industry.  SummaryHassett reported between $1 million and $5 million in Coinbase stock at the end of 2025.The disclosure does not confirm whether he still owns the shares.Hassett advised Coinbase until January 2025, when he entered the White House.A former SEC ethics lawyer said the investment presented a serious conflict of interest.  Coinbase shares remained in Hassetts disclosed portfolio  CNBC, citing Hassetts latest annual financial disclosure, reported that the National Economic Council director held between $1 million and $5 million in Coinbase Global stock as of Dec. 31, 2025.  Federal disclosure forms report assets within value ranges rather than giving exact amounts. The filing, therefore, does not show the number of Coinbase shares Hassett owned or the precise value of the position.  Because the document only covers assets held through the end of 2025, it also does not establish whether Hassett retained, reduced, or sold the investment during 2026.  You might also like:  Coinbase targets 1,000 banks with Moov stablecoin deal  Before joining the Trump administration, Hassett served on Coinbases Academic and Regulatory Advisory Council from 2021 until January 2025. His

09-12انڈسٹری

Qorvo, Inc. Stock Analysis: Surge to $120.50 After Merger News

Qorvo, Inc. stock closed at $117.60after a gap-driven surge to $120.50. The catalyst: confirmation that the roughly $22 billionSkyworks merger is in its final stages. That single headline reshaped the near-term risk profile and drives every signal the charts now flash.  QRVO — daily chart with candlesticks, EMA20/EMA50 and volume.Key takeawaysQorvo, Inc. stock surged to an intraday high of $120.50 before closing at $117.60 on news the Skyworks–Qorvo merger is in its final stages.The daily RSI14 reached 84.3, deep into extreme overbought territory and well beyond the typical 70 threshold.Price closed above the upper daily Bollinger Band at 111.65, signaling a statistically extended move with elevated mean-reversionrisk.The 15-minute chart shifted to a neutralregime with MACD turning negative, confirming short-term consolidation is underway.Daily support at $116.90and $113.30now serve as the critical levels bulls must defend to keep the structural uptrend intact.  Qorvo, Inc. Stock Daily Trend Turns Aggressively Bullish  Qorvo, Inc. stock is in a clean bullishtrend on the daily chart. Price trades well above the EMA20 at 101.28, the EMA50 at 96.83, and the EMA200 at 91.08. This bullish stack confirms the trend has accelerated hard to the upside. The MACD line at 4.35 sits comfortably above the signal line at 2.50, with

09-12انڈسٹری

XRP Can Flip Bitcoin, Ex-Ripple CTO Schwartz Says: Here's What He Didn't Say

Key TakeawaysSchwartz said earlier this week that XRP could pass bitcoin, but gave no price target or timeline.XRP would need about $24.70 to match bitcoins $1.55 trillion cap, an 18-fold move from $1.34.The XRPL fixCleanup3_3_0 amendment reached 82.6% validator support, with activation due Sept. 11.  What Was Said Exactly  During an X Spaces discussion the day before yesterday, Schwartz was asked whether he believed XRP could one day flip bitcoin by market capitalization. Schwartz, an original architect of the XRP Ledger (XRPL) who stepped back from day-to-day duties at Ripple at the end of 2025, answered without hedging:  Yeah, I do. I think it would happen from XRP growing faster than Bitcoin.  He noted that the scenario would most likely emerge as part of a broader crypto market expansion rather than one asset cannibalizing another. “The world where digital assets are just wildly successful. They all probably grow,” he added.  Discover more  Stock  Financial  Currencies & Foreign Exchange  The comment was a personal view rather than an official Ripple forecast, and it carried neither a valuation target nor a date.  The Math And What Comes Next  As of today, bitcoins market capitalization stands near $1.55 trillion, with BTC trading around $77,269. On the other hand, XRP changes hands at $1.34, giving

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