In a significant move towards the future of finance, Basler Kantonalbank (BKB) has issued CHF 105 million in digital bonds. This pioneering step was taken with the support of the canton of Basel-City, marking a new era in the financial landscape.The issuance was advised by Homburger, a renowned name in the field. This development places […]
UBS Group AG has announced its intention to nominate Gail Kelly for election to its Board of Directors at the Annual General Meeting on April 24, 2024. Kelly, a seasoned professional in the financial services industry, is expected to bring her vast leadership experience to the Swiss multinational investment bank and financial services company.Throughout her […]
Bitcoin enthusiasts have a new reason to be optimistic. Samson Mow, a well-known figure and former CSO at Blockstream, has made a bold prediction for the future of Bitcoin. He foresees a massive price increase, which he has dubbed the “Omega Candle,” that could see Bitcoin reach a value of $1 million per coin. This […]
The United States Securities and Exchange Commission (SEC) has intensified its demands in the ongoing XRP lawsuit against Ripple Labs Inc. On January 11, 2024, the SEC filed a motion in the Southern District of New York, requesting Ripple to produce two specific categories of documents.The first demand is for Ripple’s financial statements for the […]
Despite the recent approval of a spot Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC), the South Korean government has reiterated its commitment to maintaining its ban on such products. South Korean regulators have made it clear that there will be no policy shift, and cryptocurrencies will not be recognized as […]
The Zug-based private equity group, Partners Group, continues its growth trajectory, benefiting from a record in client acquisition. Despite a challenging market environment, the firm attracted substantial new funds in the billions last year.By the end of 2023, the Zug private equity group managed assets worth $146.9 billion, up from $135.4 billion at the end […]
A Solana-based maximum extractable value (MEV) bot has made a staggering $1.7 million from a single trade. This occurred when a trader made a $9 million purchase of the memecoin Dogwifhat (WIF) in a highly inefficient manner. The MEV bot, operated by 2fast, swapped 703 Solana SOL to 490,000 WIF and then swapped the same […]
The past year has highlighted the vulnerability of even Swiss banks, as evidenced by the decline of Credit Suisse. The industry must therefore increasingly face structural change, focusing primarily on customer loyalty and higher value retention, as shown by the latest banking barometer from consulting firm EY.“We will see a series of record results,” said […]
In a landmark decision, the US Securities and Exchange Commission (SEC) has approved all 11 Bitcoin ETF applicants, marking a significant milestone for the cryptocurrency industry. This move is expected to bring about a new era of inflows, institutional investments, and regulatory clarity, potentially reshaping the entire crypto market landscape.Market analyst Michael Van de Poppe […]
Cryptocurrency exchange Coinbase has joined forces with Africa’s Yellow Card to extend its product offerings to 20 new African nations. The primary focus of this partnership is to enhance the accessibility of the USD Coin (USDC) stablecoin.In a statement released on January 11, Coinbase expressed that this collaboration will pave the way for the future […]
