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Bitcoin Viewed as Market Proxy, Not Digital Gold Despite widespread assertions that Bitcoin (BTC) serves as a safe haven and digital alternative to gold, analysts at Swiss crypto bank Sygnum suggest the market is treating the asset differently. In its latest market outlook, Sygnum highlights that Bitcoin's trading behavior increasingly mirrors that of high-beta technology stocks rather than traditional stores of value. While influential figures, including U.S. Federal Reserve Chair Jerome P... crypto news

Swiss Bank ZKB Launches Crypto Services, Expanding Digital Asset Offerings Zurich Cantonal Bank (ZKB), Switzerland’s fourth-largest financial institution, has launched cryptocurrency trading and custody services, marking its strategic entry into the digital asset space. The bank now offers its clients the ability to trade and store Bitcoin (BTC) and Ethereum (ETH), two of the most prominent cryptocurrencies. According to a press release issued on September 4, these services are integrated into ZKB's existing digital... crypto news today

In Liechtenstein, Union Bank AG announced its intention to become the world"s first licensed financial institution to issue its own security tokens and then provided with a currency such as the Swiss franc and the cryptocurrency - Union Bank Payment Coin (UBPC). "...our fiat-backed Union Bank Payment Coin has the potential to disrupt the approach to international trade and international cross-border transactions. With our initiative, we are investing in the future and becoming the world’s preeminent blockchain investment bank.” These steps a ... Read more about " In Liechtenstein, a licensed bank is preparing to issue its own cryptocurrency " on coinatory.com