Swiss Cybersecurity Company Buys Stake in Blockchain Developer
The Swiss cybersecurity company WISeKey has bought a 22%-stake in the US-American data company Tarmin. WISeKey revealed this move in an official announcement. However, both companies agreed to not disclose the exact amount of the deal. WISeKey creates ecosystems with the help of blockchain, AI and IoT-technologies. Tarmin provides data-focused infrastructure for administrative purposes and secure storage. The two companies signed the agreement to conduct this deal already in Q3 2018.
Swiss Startup TokenSuisse Appoints Bank Director to Its Board
The Swiss blockchain startup TokenSuisse has included Dyonis Berwert, COO of the bank Reichmuth & Co. to its administrative board. TokenSuisse announced this in a recent press release. Another new member of the board is the lawyer Senator h.c. Prof. Dr. iur. Jörg E. Wilhelm. The step is just another example of the recent intertwining trend of the traditional financial sector with the new technology of blockchain and cryptocurrency.
Andreesen & Horowitz Would Like to Go Big in Crypto
The investment bank Marc Andreessen & Ben Horowitz (a16z) have allocated $300 million in cryptocurrencies last year. It is possible that the venture capital company could invest up to $1 billion in the cryptosphere. According to Forbes, a16z is currently waging whether to change its business model to invest in riskier assets. Among which crypto projects are one option. However, the SEC complicates this plan as it does not allow a venture capital firm to invest more than 20% in high-risk assets.
Study: Bitcoin More Relevant Than Paypal – Transaction Amount Higher Than Visa Transaction
The transaction amount of a single Bitcoin transaction has been 450 times higher than one Visa transaction in 2018. Further more, Bitcoin moved an amount worth $3.4 billion, 5.8 times the amount of Paypal. This is what a recent study of DataLight found out. DataLight concludes that Bitcoin already surpassed the relevance of Paypal and that it is more suitable than Visa for large and international transactions.