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10 months, 4 weeks agoSwiss Banking Regulator Faces Criticism Over Handling of Credit Suisse Collapse
A recent article raises questions about the actions of the Swiss Financial Market Supervisory Authority (FINMA) in relation to the Credit Suisse (CS) bank. The article suggests that the Swiss government may have…
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10 months, 4 weeks agoSafe Collaborates with Sygnum and CoinCover to Launch Safe{RecoveryHub} for Crypto Account Recovery
Safe, Sygnum, and CoinCover have joined forces to launch Safe{RecoveryHub}, a platform that offers a range of recovery options for digital asset holders. With over 900K ETH (worth approximately $1.92 billion)…
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10 months, 4 weeks agoBitcoin ETF Approval Expected in 2024, Ethereum Upgrade Testing Begins, Ledger to Reimburse Crypto Victims
The penultimate week of the year brought some significant developments in the world of cryptocurrency. One of the most anticipated events is the potential approval of a Bitcoin Exchange-Traded Fund (ETF) by the…
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10 months, 4 weeks agoSafe, Sygnum, and CoinCover Collaborate to Launch Safe RecoveryHub, Revolutionizing Access to Digital Assets
Smart wallet infrastructure leader Safe has partnered with digital asset banking group Sygnum and recovery service provider CoinCover to introduce Safe RecoveryHub. This platform aims to address the challenge of…
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10 months, 4 weeks agoBlockchain Investigator ZachXBT Impersonated on Social Media, Caution Urged
Multiple fraudulent accounts have emerged on social media, posing as prominent blockchain investigator ZachXBT. This comes after the deactivation of his official account. Michael Khekoian, partnership director at…
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10 months, 4 weeks agoNigeria Lifts Restrictions on Crypto Transactions, Paving the Way for Intense Competition between Exchanges and P2P Merchants
The Central Bank of Nigeria (CBN) has lifted restrictions on Nigerian banks facilitating cryptocurrency transactions, according to a circular sent on Dec. 22. This move is expected to intensify competition between…
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10 months, 4 weeks agoHong Kong Regulators Open to Spot Crypto ETF Applications
Hong Kong’s financial regulatory bodies, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA), have announced that they are open to receiving applications for spot crypto e…
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10 months, 4 weeks agoEthereum's Growing Appeal for Enterprises: EEA Report Highlights Security, Decentralization, and Global Financial Interest
The Ethereum Enterprise Alliance (EEA) has released its latest assessment of Ethereum’s readiness for enterprise use. The report highlights Ethereum’s strong ecosystem, security, and decentralization as key adv…
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10 months, 4 weeks agoSEC Sets Year-End Deadline for Bitcoin ETF Changes, Approvals Expected in January
The Securities and Exchange Commission (SEC) has set a strict year-end deadline for final changes to spot Bitcoin exchange-traded funds (ETFs). The SEC officials have confirmed that the first wave of approvals for…
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10 months, 4 weeks agoUBS Strives to Make Mark in US Investment Banking, But Wall Street Dominance Remains
UBS, the Swiss banking giant, is aiming to establish itself as a major player in the American investment banking market, but it acknowledges that it will always play second fiddle to the Wall Street giants. Despite…
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10 months, 4 weeks agoUBS to Cut Credit Suisse Investment Banking Jobs in Spain
UBS is set to cut around two-thirds of Credit Suisse’s investment banking jobs, with the latest casualties being in Spain. According to Bloomberg, UBS plans to eliminate all 147 jobs at Credit Suisse’s inv…
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10 months, 4 weeks agoZurich Cantonal Bank introduces new fees for credit cards and foreign currency transactions
The Zürcher Kantonalbank (ZKB) has announced changes to its pricing structure for personal accounts and banking packages. Starting from 2024, the bank will no longer charge annual fees for personal accounts and…
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10 months, 4 weeks agoTurkey's Central Bank Appoints Crypto Expert to Monetary Body
Turkey’s President Recep Tayyip Erdoğan has appointed Professor Fatma Ozkul, an expert in crypto assets and blockchain technology, to the central bank’s monetary body. Ozkul, a lecturer at Marmara University in I…
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10 months, 4 weeks agoNigeria Lifts Ban on Crypto Transactions, Opening Doors for Financial Institutions
The Central Bank of Nigeria (CBN) has lifted the ban on cryptocurrency transactions in the country, allowing Nigerian banks and financial institutions to resume operations with cryptocurrency service providers. The…
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11 months agoSergio Ermotti Takes on Challenge of Leading Risky Credit Suisse Takeover
Sergio Ermotti, the former CEO of UBS, has returned to the Swiss banking giant to oversee its acquisition of struggling rival Credit Suisse. The merger, aimed at preventing a global banking crisis, is a high-stakes…
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11 months agoUBS CEO Sergio Ermotti Highlights Risks and Opportunities in Credit Suisse Takeover
2024 is set to be a crucial year for the takeover of Credit Suisse by UBS, as the two banks merge operations across more than 50 countries. UBS CEO Sergio Ermotti highlighted the migration of IT systems as the…
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11 months agoSwiss National Bank Launches Pilot Project for Wholesale CBDC on SIX Digital Exchange
The Swiss National Bank (SNB) has announced that it will be launching a pilot project called Helvetia Phase III, which will involve the use of central bank digital currency (CBDC) on the SIX Digital Exchange (SDX)…
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11 months agoCircle Receives Conditional Registration as Digital Asset Service Provider in France
Stablecoin issuer Circle has announced that it has received conditional registration under France’s cryptocurrency laws. This marks a significant regulatory stride for the company as it aims to comply with the E…
