Microsoft’s FY2026 Q3 results reveal a structural shift in the economics of hyperscalers: despite revenue growth of +19% year over…
Cap: For a decade, the value of a digital asset hinged on a promise: someone would buy it higher tomorrow.…
Headline: While the spotlight remains fixed on the price of bitcoin, three European regulatory initiatives have concluded or are reaching…
ThesisThe European Omnibus package has simplified the taxonomy without diluting it: fewer filers, mechanically inflated ratios, broken comparability. Comparable ESG…
The reference study on the cyber risk of crypto platforms put forward a thesis that the events of 2026 have…
The risk of hacking of exchange platforms and DeFi protocols is no longer a "residual operational risk": it has become…
1.1 Calibration de l'actif de référence L'actif de référence est le studio locatif de Saint-Genis-Pouilly, coeur du portefeuille cible de…
1.1 Le modèle de break-even La migration fiscale est un investissement : son coût C_m (conseil juridique, relocation, garanties au…
1.1 Le CARF : 76 juridictions, premier échange le 30 septembre 2027 Le Crypto-Asset Reporting Framework de l'OCDE étend le…
1.1 Architecture : art. 18 LIFD et Circular 36 La Suisse ne connaît pas d'impôt sur les plus-values en capital…