Bitcoin Surpasses Swiss Franc To Become World’s 13th Largest Currency

“For us, the ability to offer accessibility and optionality to multilingual users around the world doesn’t stop at translations. To truly embrace the global nature of money, we must offer what’s familiar and safe to people across cultures,” reads Bitreserve’s website. The world’s most popular crypto-currency reserve and hedging company, Bitreserve, has added the ability to peg your bitcoins to silver, platinum, palladium and the Swiss franc. The company has also translated their website into Chinese (Mandarin), Japanese, Portuguese, Russian and Spanish to reach more international....

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? Thursday, bitcoin had a relief rally in sympathy with most other commodities as the Swiss National Bank (SNB) de-pegged the Swiss Franc from the Euro. This was a surprise move by the SNB but was necessary as being pegged to the Euro has been killing the Franc as the Euro has been sinking against a strong dollar due to Eurozone economic malaise. A previous article written on this subject can be found here. There is a lot of....

On the 23rd of June the United Kingdom will hold a referendum to decide whether it should remain in the European Union or whether it should leave. A potential leaving of the European Union by the UK has been dubbed ‘Brexit’ and the polls are currently suggesting that it can go either way. This uncertainty has weighed heavily on the British pound since the beginning of the year and is poised to spark strong volatility in Britain’s currency in the wake of the referendum, regardless of the outcome. This in turn creates the opportunity to generate strong trading profits in the currency market.....

Bitreserve has added three new precious metals, a sixth currency option and five new languages to its bitcoin storage platform. Having introduced gold last year, the site will now also allow its users to hold bitcoin pegged to silver, platinum or palladium. Bitreserve has also integrated the Swiss franc, saying that it is ''a strong currency in its own right with a proven track record of stability'', adding that ''it will empower our members to invest, move and hold their assets with confidence''. The additions will enable users to use bitcoin tied to a total of six fiat currencies and....

Despite the growing interest digital currency employers have shown in paying their workers in bitcoin and its alternatives, a new report suggests that the practice may not be legal in Switzerland, one of the global leaders in banking and finance. Entitled 'The Legality of Wage Payment in Bitcoin under Swiss Labour Law', the report was penned by Swiss Socialist Party member Jean Christophe Schwaab, who was notably called upon to draft a study on the dangers of bitcoin last December. Schwaab's report could have broad implications, as it suggests that the payment of any potentially volatile....