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Julius Baer gets into crypto banking with SEBA partnership By Reuters

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© Reuters. The sign for Swiss bank Julius Baer is seen at a branch office in Luzern

By Brenna Hughes Neghaiwi

ZURICH (Reuters) – Julius Baer plans to offer access to digital assets through a partnership with Swiss start-up SEBA Crypto in the latest move into cryptocurrencies by a Swiss private bank.

The partnership, which follows a similar move by smaller rival Falcon Private Bank, will enable customers of Julius Baer, Switzerland’s third-largest listed bank, to store, trade and invest in digital assets, the two firms said on Tuesday.

Banks see promise in the blockchain technology underpinning cryptocurrencies, but have not rushed into an industry which has faced regulatory scrutiny and extreme price swings.

Falcon has allowed private and institutional clients to invest in bitcoin, ether and litecoin and has gradually expanded its offerings since a partnership with Suisse in 2017.

Meanwhile, JPMorgan Chase (NYSE:) this month said it would launch its own digital coin.

“We are convinced that digital assets will become a legitimate sustainable asset class of an investor’s portfolio,” Julius Baer markets head Peter Gerlach said in a statement.

SEBA is seeking a license from Switzerland’s financial market supervisor to build a bank offering cryptocurrency services as well as extending traditional banking services to firms in the new industry.

It closed a 100 million Swiss franc ($100 million) funding round in September and plans to launch its own cryptocurrency via an initial coin offering in the third quarter this year. It aims to go live during the second quarter of this year.

SEBA’s partnership with Julius Baer, which also made a minority investment into the startup last year, will come into effect when it gets a banking and securities dealer license.

Prior to this, the companies could not specify which digital assets and services would be offered to Julius Baer’s clients, a spokeswoman for the bank said.

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Cryptocurrency

Michael Saylor claims the company will hold Bitcoin for ‘100 years’ By Cointelegraph

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Michael Saylor claims the company will hold Bitcoin for ‘100 years’

Microstrategy (NASDAQ:) CEO Michael Saylor said he will hold his company’s (BTC) for 100 years, and has no intention of selling it.

On Aug. 11, the business intelligence firm announced it had purchased 21,454 BTC for $250 million. This investment is now worth more than $278 million, representing an 11% increase in two months, and has purchased more Bitcoin since.

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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WordPress content can now be timestamped on Ethereum By Cointelegraph

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WordPress content can now be timestamped on Ethereum

A plugin for the WordPress web publishing platform now enables users to timestamp content on the blockchain.

The plugin can help with copyright issues, proof of who created a piece of content, and to reassure readers it has not been altered. WordPress currently powers around 37% of all websites and has a 60% share of the CMS market.

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Cryptocurrency

First ransomware attack in 2020 election hits voting infrastructure in Georgia By Cointelegraph

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First ransomware attack in 2020 election hits voting infrastructure in Georgia

A ransomware attack targeting the government systems of Georgia’s Hall County also impacted key voting infrastructure it has been revealed.

Local officials initially released few details regarding the Oct. 7 attack, stating that “critical systems within the Hall County Government networks” had been affected. Today, CNN reported the incident “may be the first ransomware attack to hit election infrastructure this political season.”

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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