Swiss National Bank News

The Swiss National Bank rejected calls to add Bitcoin to its reserves, citing stability and security concerns, despite mounting pressure from the local crypto industry.

Swiss National Bank President Martin Schlegel said Bitcoin is too volatile and lacks sufficient liquidity to be a reserve asset, as some in Switzerland have proposed.

The Bitcoiners will first need to convince 100,000 Swiss nationals to sign the petition to kick off a referendum — a threshold that plagued their first attempt in October 2021.

Thomas Jordan, head of the Swiss National Bank, announced the project at a conference in Zurich; the central bank still feels “prudent” about a retail CBDC, though.

Bitcoin price finally broke through the $28,000 mark, but BTC futures and options data suggest some traders are uneasy about the strength of the recent bullish momentum.

The emergency preparation will allow the takeover to proceed without the usual “six-week consultation period” with shareholders, according to people familiar with the situation.

Cointelegraph breaks down the main events that led to the collapse of Silvergate, SVB and Signature Bank and explains what this all could mean for crypto.

Swiss regulators reaffirm the soundness of the Swiss financial system, following recent concerns about Credit Suisse.

Switzerland’s fifth-largest financial institution is set to develop an independent cryptocurrency trading and custody service for its clientele.

The Swiss National Bank integrated a wholesale CBDC into the banking systems of five commercial banks as part of the second phase of Project Helvetia.

Global economists continue to question the implications of blockchain implementation for central bank digital currencies.

The Swiss National Bank and the BIS don’t want to miss out on possible blockchain-powered benefits for the financial system.

This article will explore 2 questions: Has bitcoin bottomed yet? And, what does the aftermath of major bubbles bursting look like and its implications for price?