Julius Baer to Offer Cryptocurrency Service

One of the most famous and largest private banks in Switzerland will begin to provide crypto services after SEBA Crypto obtains licenses
27 February 2019   375

Julius Baer, ​​one of the most famous and largest private banks in Switzerland, announced that it will begin to provide his clients with new and diverse services in the field of digital assets. The initiative is being implemented in partnership with a cryptocurrency banking startup SEBA Crypto AG.

Julius Baer will begin to provide these services after SEBA Crypto obtains a banking license and a securities dealer’s license from the Swiss Financial Markets Supervision Authority (FINMA). The corresponding application was filed in June 2018, and as expected in SEBA Crypto, the company will begin operations in the second quarter.

At Julius Baer, we are convinced that digital assets will become a legitimate sustainable asset class of an investor’s portfolio. The investment into SEBA as well as our strong partnership are proof of Julius Baer’s engagement in the area of digital assets and our dedication to make pioneering innovation available to the benefit of our clients.

Peter Gerlach

Head Markets, Julius Baer and proposed member, Board of Directors of SEBA

According to a message on the SEBA Crypto website, a meeting of the company's shareholders will be held on March 20, at which the issue of including Peter Gerlach on the board of directors will be considered.

Last year, Julius Baer acquired a stake in SEBA Crypto, the exact size of which was not disclosed. In addition, in September, SEBA Crypto, based in Cryptodoline, attracted an investment of 100 million Swiss francs.

In 2018, Julius Baer reported that the size of the assets under his management was 382.1 billion Swiss francs (about $ 381.6 billion).

EOS to Buy $30M Worth Domain For Its Social Network

Earlier, CEO reported that his company will spent about $150M to develop Voice, and looks like "voice.com" purchase for $30M is one of the first steps
19 June 2019   146

The Block.One company, known for developing the EOS blockchain protocol, acquired a domain for its new social network Voice for $ 30 million. This is evidenced by documents published on the website of the US Securities and Exchange Commission (SEC).

Documents were provided by MicroStrategy, an analytical and mobile software provider. It follows the “voice.com” domain, registered in the GoDaddy domain name registry, was transferred to the EOS developer on May 30, 2019. After 2 days, Block.One officially announced preparations for the launch of a social network.

Block.one has made a smart strategic decision in choosing Voice.com to be the internet domain name for its new social media platform. The word ‘voice’ is simple and universally understood. It’s also ubiquitous — as a search term, it returns billions of results on the internet. An ultra-premium domain name like Voice.com can help a company achieve instant brand recognition, ignite a business, and massively accelerate value creation.

Marge Breya 

Senior Executive Vice President and Chief Marketing Officer, MicroStrategy Incorporated. 

The commercial model of MicroStrategy is based, among other things, on the accumulation and sale of such expensive domain names.

According to Block.One, the identification of users and the use of the EOS blockchain in the social network will help to avoid the massive influx of bots, which often affect other members of this niche. Earlier, CEO Block.One Brendan Blamer reported that his company spent about $ 150 million to develop Voice.