United States Senators J.D. Vance and Thom Tillis have urged the United States Securities and Exchange Commission (SEC) to submit a report to Congress regarding the Jan. 9 breach of the SEC’s X account. The senators expressed their concerns about the incident in a letter to SEC Chair Gary Gensler, stating that it raised serious […]
The Basler Kantonalbank (BKB) has issued a new bond for the canton of Basel-Stadt. The unique aspect of this bond is that it can be purchased with digital central bank money, as announced by the canton on Wednesday.However, this can only be done through banks, as the bond is part of the pilot project “Helvetia […]
The once-prominent crypto lender, Celsius, continues to navigate its complex bankruptcy proceedings. Recent developments indicate that account holders who withdrew more than $100,000 within the 90 days leading up to the company’s bankruptcy declaration in July 2022 may be required to return a portion of those funds. This is referred to as “withdrawal preference exposure”.Eligible […]
In a series of recent executive appointments, Claudia Cordioli has been named the new CFO of Zurich Insurance, taking over from George Quinn who is stepping down after a decade in the role. Cordioli’s appointment will take effect in March 2024.Meanwhile, Deutsche Bank has announced Mario Schlösser as the new Head Corporate Coverage Switzerland, effective […]
The crypto market recently experienced a significant event when the Securities and Exchange Commission’s (SEC) account was hacked. This led to a fake tweet about the approval of a spot Bitcoin ETF, causing a market whiplash that resulted in a $56 million liquidation within an hour.Meanwhile, Ethereum Classic’s price, which was following a micro bearish […]
Bankrupt crypto lender Celsius may require its creditors who withdrew large sums from the platform before its bankruptcy declaration to return part of those funds or face legal action. On January 9, the company’s bankruptcy administrators filed an intent to notify creditors that account holders who withdrew more than $100,000 in the 90 days before […]
Fox Reporter Eleanor Terrett has brought to light a significant procedural detail of the U.S. Securities and Exchange Commission (SEC) that could impact the approval of the much-anticipated spot Bitcoin Exchange-Traded Fund (ETF). Terrett revealed on January 9th that while there is no scheduled commission vote on the Bitcoin ETF, each of the five SEC […]
The United States Securities and Exchange Commission (SEC) has recently faced a security breach due to the lack of two-factor authentication (2FA) on its main X account. This lapse in security allowed a hacker to gain unauthorized access to the account, causing a significant disturbance in the crypto markets with a false confirmation of a […]
The United States Securities and Exchange Commission (SEC) is expected to proceed with a decision on spot Bitcoin exchange-traded funds this week, despite a recent hack of its social media account. The SEC’s X account was compromised on Jan. 9, with an unknown party using the account to falsely announce that spot Bitcoin ETFs were […]
The price of Bitcoin saw dramatic fluctuations following a security breach on the official Twitter account of the US Securities and Exchange Commission (SEC). A fraudulent tweet was posted at 4:11PM EST on Tuesday, falsely announcing the approval of a spot Bitcoin exchange-traded fund (ETF). The misleading information led to a surge in Bitcoin’s price […]
