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21Shares
21Shares is a private company that offers cryptocurrency exchange traded products (ETPs) outside the United States. They are headquartered in Zurich, Switzerland, with offices in Zurich, New York City, and London. History Hany Rashwan and Ophelia Snyder co-founded 21Shares in July 2018 to improve crypto access. It was founded and is headquartered in Zurich, Switzerland. In November 2018, the company listed the first physically-backed crypto ETP – HODL – on the SIX Swiss Exchange. In 2019, 21Shares listed their first product on German Stock Exchange XETRA. In 2022, 21Shares had 46 listed products in seven countries and entered the Middle East in October 2022 with the listing of a Bitcoin ETP on Nasdaq Dubai, making it the Middle East’s first physically-backed Bitcoin ETP. Early in 2024, 21shares entered the London market and in May of that year launched crypto-backed ETPs on the London Stock Exchange. In June 2024, 21Shares filed an S-1 for spot Solana exchange-trade ...
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Hany Rashwan
Hany Rashwan (; born May 7, 1990) is an Egyptian businessman, entrepreneur, and computer engineer. He is a founder of cryptocurrency company 21.co, the parent company of 21Shares. He previously founded a social commerce company, Ribbon, and a enterprise fintech company, Payout.com. Early life and education Rashwan was born in Cairo, Egypt and grew up in Alexandria. His grandfather, a career intelligence officer in the Egyptian army and an expert at cryptography and programming, bought Rashwan his first computer aged 11 and taught him basic programming. After moving to the United States for high school, he built two gaming sites aged 14, with one attracting 600,000 unique annual visitors and advertising revenue. He attended Ohio State University in 2008 to study economics and computer science, before transferring to Columbia University until dropping out to start Payout.com. Companies Kolena While an undergraduate, Rashwan built Kolena (meaning "all of us" in Arabic), an online ...
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Investment Management
Investment management (sometimes referred to more generally as financial asset management) is the professional asset management of various Security (finance), securities, including shareholdings, Bond (finance), bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institutions, such as insurance companies, pension funds, corporations, charities, educational establishments, or private investors, either directly via investment contract, contracts/mandates or via collective investment schemes like mutual funds, exchange-traded funds, or REIT, Real estate investment trusts. The term ''investment management'' is often used to refer to the management of investment funds, most often specializing in private equity, private and public equity, real assets, alternative assets, and/or bonds. The more generic term ''asset management'' may refer to management of assets not necessarily primarily held for investment purpos ...
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Bitcoin
Bitcoin (abbreviation: BTC; Currency symbol, sign: ₿) is the first Decentralized application, decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 when an unknown entity published a white paper under the pseudonym of Satoshi Nakamoto. Use of bitcoin as a currency began in 2009, with the release of its open-source software, open-source implementation. In 2021, Bitcoin in El Salvador, El Salvador adopted it as legal tender. It is mostly seen as an investment and has been described by some scholars as an economic bubble. As bitcoin is pseudonymous, Cryptocurrency and crime, its use by criminals has attracted the attention of regulators, leading to Legality of cryptocurrency by country or territory, its ban by several countries . Bitcoin works through the collaboration of computers, each of which acts as a Node (networking), node in the peer-to-peer bitcoin network. Each node maintains an independent copy of a public distributed ledger of ...
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Cryptocurrencies
A cryptocurrency (colloquially crypto) is a digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. Individual coin ownership records are stored in a digital ledger or blockchain, which is a computerized database that uses a consensus mechanism to secure E-commerce, transaction records, control the creation of additional coins, and verify the transfer of coin ownership. The two most common consensus mechanisms are proof of work and proof of stake. Despite the name, which has come to describe many of the fungibility, fungible blockchain tokens that have been created, cryptocurrencies are not considered to be Currency, currencies in the traditional sense, and varying legal treatments have been applied to them in various jurisdictions, including classification as Commodity, commodities, Security (finance), securities, and currencies. Cryptocurrencies are generally viewed as ...
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2024 United States Presidential Election
United States presidential election, Presidential elections were held in the United States on November 5, 2024. The Republican Party (United States), Republican Party's Ticket (election), ticket—Donald Trump, who was the 45th president of the United States from 2017 to 2021, and JD Vance, then-junior U.S. senator from Ohio—defeated the Democratic Party (United States), Democratic Party's ticket—Kamala Harris, the incumbent U.S. vice president, and Tim Walz, the 41st governor of Minnesota. The incumbent president, Joe Biden of the Democratic Party, initially Joe Biden 2024 presidential campaign, ran for re-election as the party's presumptive nominee, facing little opposition and easily defeating Representative Dean Phillips of Minnesota during the 2024 Democratic Party presidential primaries, Democratic primaries; however, what was broadly considered a 2024 Joe Biden–Donald Trump presidential debate, poor debate performance in June 2024 intensified Age and health conc ...
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Federal Tax Administration
The Federal Tax Administration (FTA) is the federal office responsible for federal revenue collection and the application of federal tax laws in the cantons. It is subordinated to the Federal Department of Finance. Tasks The FTA collects various taxes and duties in Switzerland. These include: * the value added tax (VAT) * the federal direct tax (FDT) * the withholding tax * the stamp duty * the military service substitute tax Subdivisions of the FTA also take care of the application and enforcement of tax law, provide information on tax issues, further develop the tax system and help resolve international tax issues (e.g., double taxation agreements). Notes References External links * Tax A tax is a mandatory financial charge or levy imposed on an individual or legal entity by a governmental organization to support government spending and public expenditures collectively or to regulate and reduce negative externalities. Tax co ...
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European Securities And Markets Authority
The European Securities and Markets Authority (ESMA) is an agency of the European Union located in Paris. ESMA replaced the Committee of European Securities Regulators (CESR) on 1 January 2011. It is one of three European Supervisory Authorities set up within the European System of Financial Supervision, together with the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA). Legal Force ESMA derives its legal force from the'' 'ESMA Regulation. This regulation governs ESMA's competencies and delimits its powers. Objective The ''ESMA regulation'' states in Article 1(5): "The objective of the Authority shall be to protect the public interest by contributing to the short-, medium- and long-term stability and effectiveness of the financial system, for the Union economy, its citizens and businesses." This mission is further specified in Article 1(6): Composition and Seat ESMA is structured as follows: a Board of S ...
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Ethereum
Ethereum is a decentralized blockchain with smart contract functionality. Ether (abbreviation: ETH) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. It is open-source software. Ethereum was conceived in 2013 by programmer Vitalik Buterin. Other founders include Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin. In 2014, development work began and was crowdfunded, and the network went live on 30 July 2015. Ethereum allows anyone to deploy decentralized applications onto it, with which users can interact. Decentralized finance (DeFi) applications provide financial instruments that do not directly rely on financial intermediaries like brokerages, exchanges, or banks. This facilitates borrowing against cryptocurrency holdings or lending them out for interest. Ethereum also allows users to create and exchange non-fungible tokens (NFTs), which are tokens that can be tied to un ...
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Exchange-traded Fund
An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or commodities such as gold bars. Many ETFs provide some level of diversification compared to owning an individual stock. An ETF divides ownership of itself into shares that are held by shareholders. Depending on the country, the legal structure of an ETF can be a corporation, trust, open-end management investment company, or unit investment trust. Shareholders indirectly own the assets of the fund and are entitled to a share of the profits, such as interest or dividends, and would be entitled to any residual value if the fund undergoes liquidation. They also receive annual reports. An ETF generally operates with an arbitrage mechanism designed to keep it trading close to its net asset value, although deviations can occur. The larges ...
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London Stock Exchange
The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral. Since 2007, it has been part of the London Stock Exchange Group (LSEG, which the exchange also lists (ticker symbol LSEG)). Despite a post-Brexit exodus of stock listings from the LSE, it was the most valued stock exchange in Europe as of 2023. According to the 2020 Office for National Statistics report, approximately 12% of UK-resident individuals reported having investments in stocks and shares. According to a 2020 Financial Conduct Authority report, approximately 15% of British adults reported having investments in stocks and shares. History Coffee House The Royal Exchange, London, Royal Exchange had been founded by the English financier Thomas Gresham and Sir Richard Clough on the model of the The Belgian bourse of Antwerp, An ...
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SIX Swiss Exchange
SIX Swiss Exchange (formerly SWX Swiss Exchange), based in Zürich, is Switzerland's principal stock exchange (the other being BX Swiss). SIX Swiss Exchange also trades other security (finance), securities such as Swiss government bonds and derivative (finance), derivatives such as stock options. SIX Swiss Exchange is completely owned by SIX Group, an unlisted public limited company itself owned by around 120 national and foreign financial institutions. The exchange in its current state was founded in 1993 by merging the Geneva Stock Exchange, the Basel Stock Exchange and the Zürich stock exchange into the (German for "Swiss Securities Exchanges Association"), publicly known in English as ''Swiss Exchange''.SIX Swiss Exchange
. Interactive brokers. Retrieved 15 April 2020.
The newly created association took o ...
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Xetra (trading System)
Xetra (Market Identifier Code: XETR) is a trading venue operated by the Frankfurt Stock Exchange based in Frankfurt, Germany. In 2015, 90 percent of all trading in shares at all Germany, German exchanges was transacted through the Xetra trading venue. With regard to DAX listings, Xetra has 60 per cent market share throughout Europe. Trading times on trading days are from 9.00 a.m. to 5.30 p.m. The prices on Xetra serve as the basis for calculating the DAX, the best-known German stock market index, share index. Over 200 trading participants from 16 European countries, plus Hong Kong and the United Arab Emirates, are connected via Xetra servers in Frankfurt am Main. Given the high turnover (market liquidity) on the Xetra trading venue, orders for securities are executed swiftly and at prices in line with the market. Moreover, this principle is supported by Designated Sponsors who post binding purchase and selling prices (quotes) on a continuous basis and thus ensure additional liqu ...
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