UNICEF TARGETS USD 25 MILLION IN NEW CRYPTOCURRENCY FUND

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The United Nations Children’s Fund is the latest organization to accept crypto donations. The Swiss-based Ethereum Foundation made the first donation of 100 Ether and 1 Bitcoin. Christopher Fabian from UNICEF Innovation says the new crypto fund is targeting USD 25 million but admits philanthropy and blockchain is still a niche.
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UNICEF targets USD 25 million in new cryptocurrency fund
The United Nations Children’s Fund is the latest organization to accept crypto donations. The Swiss-based Ethereum Foundation made the first donation of 100 Ether and 1 Bitcoin. Christopher Fabian from UNICEF Innovation says the new crypto fund is targeting USD 25 million but admits philanthropy and blockchain is still a niche.

October 11: What happened in blockchain this week?
Here’s what happened in blockchain this week. The Swiss National Bank links up with SIX and BIS on digital assets; Liechtenstein approves new Blockchain Act; and UNICEF opens new crypto fund.

Liechtenstein Blockchain Act steps ahead of Switzerland
The Liechtenstein Blockchain Act will go into effect on January 1, 2020. Thomas Nägele, president of the Crypto Country Association and co-author of the act, expects up to 20 Swiss companies to relocate to Liechtenstein next year. “When it comes to legislation, we are ahead,” he says.

October 4: What happened in blockchain this week?
Here’s what happened in blockchain in Switzerland this week. The Libra Association COO says requests to join the project are rolling in worldwide; the State Secretariat for International Finance shares its latest update on Libra; a new blockchain pilot in canton Schaffhausen; and gearing up for Crypto Finance Conference 2020.

Libra Association COO: We’re not at the stage of members dropping outDespite scrutiny, Libra Association COO Bertrand Perez told CNNMoney Switzerland in a recent interview that he’s confident about getting more members on board. “For now, the discussions we are having with the founding members are very positive and good.” He says requests to join the association are building up worldwide and hopes to add Swiss companies to that list.

Arab Bank Switzerland tests crypto waters to meet Middle East demand
Arab Bank Switzerland just opened up to crypto, making it one of the earliest to do so. The reason? Demand for crypto custody and brokerage is coming from institutional clients from the Middle East and Swiss family offices, according to CEO, Serge Robin.

September 20: What happened in blockchain this week?
Another Swiss bank opens doors to crypto; the University of St. Gallen adopts blockchain to fight academic fraud; Bank for International Settlements hosts a conference on stablecoins in Basel; and new blockchain graduates in Switzerland.

University of St. Gallen fights fake diplomas with blockchain
The University of St. Gallen is using blockchain so employers can verify if a diploma is real or fake. The new pilot project aims to issue 200 tamperproof certificates by next year, says CIO Harald Rotter. It comes amid concerns of a global rise in this type of fraud.