Tag: switzerland

More Than A Dozen Swiss Banks Under Investigation For Money Laundering

Money laundering in the financial sector is nothing new under the sun. A new report makes mention of how as many as 15 Swiss banks could be involved in a major money laundering scheme. In doing so, these financial institutions expose lenders to unnecessary risks, which will create a whole new set of problems down the line. Swiss Banks Are Not As Innocent As They Seem According to the report …
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Swiss Citizens Reject Universal Basic Income Idea

Contrary to what most people had expected, the Swiss population is not for establishing a universal basic income to every citizen. As it turns out, only 23% of votes was for this solution. Quite a disappointing result, but also a valuable lesson about free money. No Basic Income In Switzerland On paper, the concept of establishing a universal basic income for every citizen in Switzerland sounded great.Independent group Bien-CH managed …
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Swiss Defense Contractor RUAG Breach Results in 23GB Of Stolen Data

Swiss defense contractor RUAG was hacked recently and the assailants obtained 23GB of data. These numbers were recently revealed as part of an investigation by Melani, an IT security firm hired by RUAG. For the time being, it remains unclear as to who is behind this breach. RUAG Breach Is More Severe Than Initially Assumed With 23 gigabytes of sensitive information stolen from a defense contractor, the repercussions of the …
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Digital Asset Holdings Acquires Swiss Blockchain Firm Elevance Digital Finance

New York-based blockchain solutions firm Digital Asset Holdings (DAH) has acquired Elevance Digital Finance (EDF), a startup based in Zurich that has developed several technologies for semi-private distributed ledgers. With this acquisition, Digital Asset Holdings has established a presence in the Swiss city, which is home to an increasing number of blockchain startups. As part of the deal, Vincent Peikert, CEO of Elevence, will now be heading the newly-formed Digital …
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