During bull markets, altcoins tend to accrue gains when Bitcoin price consolidates and at they run in tandem with BTC price during breakouts. This dynamic appears to be at play today because multiple altcoins went parabolic at the same time that BTC made a run at $64,000 and Ether (ETH) hit a new all-time high above $4,500. According to data from Messari, 31 tokens have established new record-highs in the past 24-hours and the total cryptocurrency market cap increased from $2.619 trillion to $2.732 trillion overnight. Let's take a closer look at the motivating factors behind the rallies in LCX …

The latest project from one of wallet provider Xapo's co-founders, Federico Murrone, has secured the go-ahead from Liechtenstein's financial regulator for his new startup Lirium to provide its crypto solution for banks, fintechs and marketplaces worldwide. The project, called Lirium, offers a plug-and-play backend solution that aims to enable various partners — whether they be neobanks, fintech firms or traditional banks — to include crypto in their product offerings without the headache of themselves developing technical capabilities or dealing with compliance matters. Lirium removes the need to manage crypto liquidity or implement their own security measures, as the solution runs …

Liechtenstein’s Financial Market Authority (FMA) has reportedly pulled the plug on an alleged application to bring Binance CEO Changpeng Zhao on as a major shareholder in a distressed domestic bank. As reported by Swiss financial news outlet Inside Paradeplatz on Aug. 10, the FMA rejected the purported application and also declined to approve an extension for further expert opinion that could intercede to save the rumored deal. In November 2019, Zurich-based commercial lawyer Wolfram Kuoni had reportedly addressed Union Bank AG’s shareholders, claiming: “The FMA is likely to accept Binance as shareholder. However, given that [Union Bank] as of now …

The German-speaking world has experienced another week full of exciting developments in the crypto industry, with Germany investigating the feasibility of a blockchain-based regional power trading platform, Iota Foundation joining forces with Zühlke to solve engineering problems and the German Central Bank saying that there is no need for a digital euro coin. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph auf Deutsch. Germany promotes research on a regional blockchain power exchange Cointelegraph auf Deutsch reported on Oct. 9, that the Free State of Bavaria in Germany plans to investigate the …

Liechtenstein’s Parliament has unanimously passed the Act on Tokens and Entities Providing Services Based on Trusted Technologies (TVTG), also known as the Blockchain Act. Pioneer in comprehensive regulation On Oct. 3, the Parliament of Liechtenstein approved the Blockchain Act, which aims to improve investor protection, combat money laundering and establish clarity. The new law will enter into force on Jan. 1, 2020. The parliament’s announcement claims that this act will make Liechtenstein the first country to have comprehensive regulation of the token economy. The newly approved law will regulate civil law issues in relation to client and asset protection, while …

As the world of finance continues adapting to contemporary innovations, it almost cannot help but drag other industries along for the ride — willingly or otherwise. Film is one such sector currently undergoing a quiet revolt, concocting a radical subversion to traditional models of financing. This is partly due to the emergence of distributed technologies such as blockchain, and it has led to a new concept: the tokenization of everything. In its purest form, tokenization is the act of adding liquidity to real-world assets. A good — if not exact — comparison is depicted in stocks and shares, which represent …

German crypto investment startup Neufund has launched its blockchain-enabled public offering platform featuring a Porsche-backed firm as the first issuer. 10 euro minimum investment Within the first offering on Sept. 16, Neufund’s platform will be used by mobility firm Greyp, a company backed by sports car giant Porsche, Camel Group and T-mobile, according to a press release shared with Cointelegraph today. Neufund’s platform has acquired clearance from the Financial Monetary Authority in Liechtenstein to host public offerings with a minimum investment of just 10 euro, enabling high accessibility to investors. Firms from most countries can join While the platform’s offerings …

The government of Liechtenstein announced that it has passed new tokenization, virtual asset service provider and blockchain regulation in a press release published on May 8. Per the release, the new Token and VT Service Providers Act, passed on May 7, aims to improve investor protection, combat money laundering and establish clarity. The announcement also cites tokenized securities and how digital token systems can be used to tokenize real-world assets. The new law reportedly regulates “transaction systems based on trust technologies,” instead of explicitly referring to blockchain, to make sure it will stay relevant in case a new technology emerges. …

Blockchain tech giant Bitfury has partnered with a Swiss investment firm to release a dedicated bitcoin mining fund for institutional investors, executives confirmed on Twitter on April 24. Bitfury, which develops various blockchain-related software along with mining services, confirmed that Final Frontier, in which it holds a minority stake, had gained regulatory approval for the fund from neighboring Liechtenstein. Focusing on institutions, the fund will give major investors access to the world of bitcoin mining, with Bitfury describing its creation as beneficial for the emerging sector. Bitfury will provide the hardware for the project, which will also leverage the company’s …

Liechtenstein-based Bank Frick has issued an active Bitcoin (BTC) and Ethereum (ETH)-based tracker along with digital finance firm Bitcoin Suisse, the firm announced on April 9. Starting today, Bank Frick will offer institutional and qualified investors access to its BTC-ETH tracker, the certificates of which will take the form of both a classic security and a token, according to Bank Frick’s press release. Within the new initiative, Bank Frick acts as issuer and will be responsible for issuing crypto certificates, which target qualified investors exclusively. In turn, Bitcoin Suisse acts as crypto broker and is responsible for the execution of …

Liechtenstein-based Bank Frick is launching an institutional cryptocurrency trading platform subsidiary, DLT Markets, Cointelegraph auf Deutsch reported on Feb. 22. According to the bank’s announcement, DLT Markets will provide institutional investors “with fully regulated and secure multi-exchange access to the digital token asset class.” Edi Wögerer, CEO of Bank Frick, declared: “With our spin-off, we are offering institutional clients a unique combination of a fintech company and a bank regulated by the EU[.]” Roger Wurzel, who previously worked in business development at Bank Frick, has been appointed as the CEO of the new subsidiary, the press release reports. The bank’s …

Liechtensteinische Post AG, the country’s official postal service, plans to offer cryptocurrency exchange services at their physical locations, according to an official announcement published on Feb. 14. The postal service will allow customers to exchange their fiat to Bitcoin (BTC) in one of its offices in Vaduz, the country’s capital, starting on Feb. 15. After purchasing BTC, the customers will get a physical wallet generating public and private keys. Later, the service will likely be extended to other post offices all over the country, the announcement notes. Moreover, the postal service wants to add support for other coins, including Ethereum …