The Department of Justice (DOJ) has recently targeted four individuals involved in an $80 million cryptocurrency investment scam. The scheme involved laundering over $20 million through shell companies. The indictment highlights the extent of the scam and the significant amount of money involved.The DOJ’s action against these scammers demonstrates their commitment to combating fraudulent activities […]
A former top manager of Credit Suisse and Bitcoin Suisse has launched a new cryptocurrency trading platform called Rulematch, with the support of Luzerner Kantonalbank. The Zurich-based startup is exclusively targeting institutional investors and has already begun trading Bitcoin and Ether. The platform currently has seven banks and securities firms as its initial participants, including […]
The Basel Committee on Banking Supervision, a part of the Bank for International Settlements (BIS), has proposed measures to enhance the stability of stablecoins. These measures aim to refine prudential standards for stablecoin exposure and address potential risks associated with these digital assets.The first proposal focuses on mitigating redemption risks during periods of extreme stress. […]
Teylor, a German fintech firm, has partnered with digital asset infrastructure provider Taurus to tokenize small and medium enterprise (SME) loans. Through Teylor’s credit platform, SME loans will be originated and managed, while a portion of the credit portfolio will be tokenized on the Taurus infrastructure and TDX-regulated marketplace. This allows professional private debt investors […]
Zurich-based asset manager Holinger has expanded its team with the addition of a new portfolio manager. Leonardo Spangaro has been hired as a senior portfolio manager at Holinger Asset Management, specializing in convertible bonds, starting in early 2024. With a total of 18 years of experience in the financial industry, Spangaro has spent over eight […]
TMX Group, the operator of Canadian stock exchanges, is set to acquire VettaFi, a major player in the exchange-traded fund (ETF) industry. The deal, valued at $1.03 billion, will see TMX Group acquire the remaining 78% of VettaFi’s common units. This acquisition will enhance TMX Group’s information business and provide new capabilities in the ETF […]
Teylor, a European SME lending company, and Taurus, a crypto startup, have joined forces to launch a blockchain-based security that aims to make SME loans accessible as an asset class. Previously, it has been relatively difficult for investors to invest in SME loans. The Zurich-based Teylor grants and manages SME loans through its credit platform. […]
Russia is considering a new proposal that would allow cryptocurrency miners to categorize the digital coins they generate as export products. This potential shift in regulation could create a framework for recognizing and treating bitcoin mining activities within the context of international trade.The Deputy Finance Minister, Ivan Chebeskov, revealed that the ministry has drafted a […]
The US national debt has skyrocketed by $6.7 trillion in just three years, reaching a staggering total of nearly $34 trillion. This alarming increase raises concerns about the country’s fiscal health and economic sustainability. According to Bank of America research, the debt-to-GDP ratio currently stands at approximately 100%, a level not seen since World War […]
Lombard Odier, the Geneva-based private bank, has hired Nannette Hechler-Fayd’herbe, a former research leader at Credit Suisse. She will be working for her former boss, Michael Strobaek, as the Head of Investment Strategy, Sustainability, and Research, as well as the Chief Investment Officer (CIO) for Europe, the Middle East, and Africa (EMEA) at Lombard Odier. […]
