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Major Swiss bank ZKB launches Bitcoin and Ether trading

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Zürcher Kantonalbank (ZKB), one of Switzerland’s largest and most established banks, has announced the expansion of its services to include trading in Bitcoin and Ether. This move marks a significant development in the integration of traditional banking institutions with the cryptocurrency market.

The introduction of Bitcoin and Ether trading is part of ZKB’s broader strategy to offer more comprehensive financial services to its clients, reflecting a growing interest in digital assets within the traditional banking sector. The bank will enable both institutional and individual investors to trade these major cryptocurrencies through its platform.

ZKB’s entry into the cryptocurrency trading arena aligns with Switzerland’s reputation as a progressive hub for digital finance. The country’s robust regulatory framework and supportive environment for blockchain and crypto innovations have been key factors in attracting traditional financial institutions to the space.

The bank has implemented stringent security measures and compliance protocols to ensure the safe and efficient handling of cryptocurrency transactions. This includes adhering to rigorous anti-money laundering (AML) standards and employing advanced technologies to safeguard against potential threats.

With this expansion, ZKB aims to cater to the increasing demand from investors seeking exposure to digital assets. The move also positions the bank as a competitive player in the evolving financial landscape, where the convergence of traditional and digital finance continues to gain momentum.

The launch of Bitcoin and Ether trading services by ZKB is expected to have a notable impact on the Swiss and global cryptocurrency markets. It highlights the growing acceptance of digital currencies within mainstream financial institutions and underscores the ongoing evolution of the financial services industry.

In summary, Zürcher Kantonalbank’s decision to offer Bitcoin and Ether trading represents a significant step in integrating traditional banking with the cryptocurrency sector. This development reflects the bank’s commitment to adapting to the evolving financial landscape and meeting the needs of a growing digital asset market.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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