WILL SWITZERLAND REALLY BENEFIT FROM THE LIBRA ASSOCIATION?

Bitcoin Suisse applies for a banking license, Zug investment platform TEND goes into administration, and Facebook’s Libra questioned on Capitol Hill.

Bitcoin Suisse brings the first crypto ATM to the Swiss Alps, the Commercial Registry of Zug accepts bitcoin payments in person, and Crypto Valley Labs searches for the next batch of blockchain startups for its incubation program.

The University of Geneva plans to be the first institution to teach Facebook’s Libra; Swiss blockchain entrepreneurs recognized on Forbes 30 Under 30 list; Bitcoin’s energy consumption surpasses Switzerland’s; and the Swiss stock exchange hosts first Bitcoin Cash ETP.

The University of Geneva is teaching Facebook’s new currency Libra in its blockchain programming course starting in September. A new module is being introduced specifically to cover Libra Blockchain and the associated Move programming language. Jean-Marc Seigneur from UNIGE says talks are already underway with Libra regarding collaboration on education: “The most advanced parts of Libra blockchain, the technical parts, might be taught by developers of Calibra, for example.”

The Libra Association and its 28 founding members including Facebook will set up home in Geneva. Experts at the Crypto Valley Conference weigh in on whether this will just be another mailbox.