Bitcoin Suisse, which has more than $3 billion in digital assets under custody, plans to cut up to 60 jobs in Switzerland, half its workforce in the country, as the crypto financial services firm moves more software development and back-office work overseas. The Zug-based company, which employs around 200 people globally, is also closing its
The public offering of stock for artificial intelligence giant OpenAI appears to be delayed until at least 2027. “I actually think that, given everything happening with safety, right now would be an ill-advised moment to go public, and we don’t feel pressure on that,” OpenAI CEO Sam Altman told Fortune. “We got a lot of
The executives racing to build the world’s most powerful artificial intelligence (AI) systems are starting to agree on something that would have sounded extraordinary only a few years ago: the race needs to slow down. Dario Amodei, CEO of Claude’s developer, Anthropic, on Saturday called for companies to deliberately pace advances in frontier AI, arguing
Yi Lihua, founder of Liquid Capital, stated that the strengthening expectations of interest rate hikes over the past two days have led to divergence in the cryptocurrency market regarding direction, and highlighted two possible scenarios and three significant investment opportunities for the upcoming period. According to Yi Lihua, if the Fed actually raises interest rates,
Artificial intelligence (AI) has become a giant sponge for investment capital, creating a potentially awkward portfolio problem for wealth managers. The biggest U.S. hyperscalers are expected to spend upwards of $800 billion this year and more than $1 trillion in 2027, according to estimates in Bitcoin Suisse’s Crypto Wealth Management Report 2026. That means investor
The fact that August inflation data in the US came in slightly above expectations quickly strengthened expectations of a Fed interest rate hike at its September meeting. According to estimates, almost all Fed observers who previously did not expect a rate hike in September have changed their predictions following the latest inflation data. Of the
Crypto has evolved from a speculative frontier into a functioning economic system with its own financial plumbing and capital markets. As this system matures, investors are being flooded with yield products of every variety: staking, re-staking, lending markets, stablecoin rewards, and increasingly complex managed strategies. But not all yield is created equal. These products rely
Imagine your company has enough money to pay a supplier, but the money is in its Singapore account and the bill must be paid from New York. If the transfer between those accounts has to wait until Monday, having enough cash overall doesn’t solve the immediate problem. Businesses work around this by moving money early
While the “golden cross” pattern, considered technically positive in Bitcoin, proved valid only for a short time, the rapidly rising expectations of a Fed interest rate hike increased pressure on the cryptocurrency market. Bitcoin ($BTC) surged to $79,837 yesterday, causing the 50-day exponential moving average (EMA) on the daily chart to cross above the 200-day