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11 months agoSurvey Reveals 40% of US Investors Considering Adding Bitcoin and Ripple's XRP to Their Portfolios
A recent survey conducted by crypto asset manager Grayscale reveals that 40% of American investors are considering adding digital assets to their investment portfolios in the future. This indicates a shifting trend…
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11 months agoThree Arrows Capital Founders' Assets Frozen in $1 Billion Court Order
A British Virgin Islands court has issued a freezing order on approximately $1 billion worth of assets belonging to the founders of Three Arrows Capital (3AC), a cryptocurrency hedge fund that faced a significant…
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11 months agoWorldcoin Discontinues Offline Orb Verification in India, Brazil, and France
Worldcoin, a cryptocurrency company, has reportedly disabled its offline orb verification function in India, Brazil, and France. The company had introduced the Orb, a five-pound chromatic helmet that scans…
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11 months agoMoody's Downgrades Credit Rating of Julius Bär Bank Due to High Risk Appetite and Concentration
The powerful rating agency Moody’s has downgraded the credit rating for Bank Julius Bär following the Signa debacle. The reasons cited for the downgrade are the group’s high risk appetite and risk conc…
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11 months agoFormer Credit Suisse President Joins Warburg Pincus in Bid for Altice's Portuguese Telecom Business
Nach seinem Rücktritt von der Credit Suisse bleibt der ehemalige Präsident António Horta-Osório in der Welt der Hochfinanz aktiv. Er hat sich mit der US-Investmentbank Warburg Pincus zusammengetan, um ein Gebot von…
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11 months agoUK and Switzerland to Strengthen Financial Services Ties with Post-Brexit Agreement
The United Kingdom and Switzerland are set to establish a new post-Brexit agreement on financial services. The agreement, titled “Mutual Recognition Agreement for Conformity Assessments,” aims to strengthen and bri…
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11 months agoUphold Delists Dogecoin, Shiba Inu, and Cardano in Compliance with Canadian Regulations
Uphold, a popular cryptocurrency exchange, has announced that it will delist several cryptocurrencies, including Dogecoin, Shiba Inu, and Cardano. The move is part of a larger “delisting spree” by Uphold, which aim…
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11 months agoSingapore Crypto Hedge Fund Founders' Assets Frozen in Bankruptcy Saga
The founders of Singapore-based cryptocurrency hedge fund Three Arrows Capital (3AC) have had over a billion dollars of their assets frozen by a court in the British Virgin Islands. The court has banned co-founders…
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11 months agoUS Appeals Court Confiscates Over 69,000 Bitcoin from Silk Road Dark Web Marketplace
A U.S. appeals court has finalized the legal process to confiscate over 69,000 Bitcoin and other cryptocurrencies from Silk Road, a defunct dark web marketplace. The court ruling affirms the transfer of the Bitcoin…
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11 months agoUBS CEO Advocates for Merger with Credit Suisse to Strengthen Swiss Financial Sector
The CEO of UBS, Sergio Ermotti, believes that the new UBS is currently misunderstood but ultimately a positive force. He is a fan of science fiction and is in top rhetorical form as the year comes to an end.Ermotti…
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11 months agoSwiss Bank Increases Interest Rates to Attract Savers
The Migros Bank, a Swiss institution with a large customer base, is making efforts to attract customers and make saving more attractive. Starting from January 1, 2024, the bank will increase the interest rate on…
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11 months agoCAT Financial Products Expands with New Office in Lugano
Zurich-based financial boutique CAT Financial Products (CATFP) is expanding its presence in Switzerland with the opening of a new office in Lugano. This move marks the third location for CATFP, following Zurich and…
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11 months agoHistoric Zurich Hotel Reopens with Mandarin Oriental as UBS Takes Over
The historic Baur en Ville hotel in Zurich has reopened its doors after undergoing extensive renovations. The hotel, which was originally opened in 1838 by Johannes Baur, has a rich history and is now under the…
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11 months agoFDIC Implements New Rules to Combat Misleading Advertising by Crypto Firms
The Federal Deposit Insurance Corporation (FDIC) of the United States has implemented a new rule that will impact the public perception of certain cryptocurrency firms. The FDIC’s board of directors has finalized r…
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11 months agoChina and Saudi Arabia Spearhead Global Shift Away from US Dollar, Is Bitcoin the Next Frontier?
In recent years, there has been a significant shift in the global economic ecosystem as emerging powers challenge the dominance of the US dollar in international trade. China and Saudi Arabia, key players in the…
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11 months agoSEC Holds Meetings with Grayscale and BlackRock as Bitcoin ETF Approval Hopes Rise
The U.S. Securities and Exchange Commission (SEC) has been holding meetings with Grayscale and BlackRock regarding the approval of Bitcoin ETF applications. Grayscale’s meeting focused on a proposed rule change t…
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11 months agoRipple's XRP Emerges as a Potential Game Changer for Instant Payments in the US
Ripple’s XRP has emerged as a potential solution to the problems of instant payments in the United States. While the country lags behind others in implementing an effective instant payments system, XRP offers an e…
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11 months agoFirst-ever Cross-Border Settlement for Digital Yuan CBDC in Precious Metals
The Bank of China’s Shanghai branch has successfully completed the first-ever cross-border settlement for precious metals using the digital yuan central bank digital currency (e-CNY CBDC). The settlement, which t…
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11 months agoBitcoin Price Could Reach All-Time High in Four Months, Says Crypto Expert
Bitcoin (BTC) has been performing exceptionally well, surpassing traditional financial institutions with a market cap of around $841 billion. Despite regulatory crackdowns, Bitcoin continues to attract significant…
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11 months agoBitcoin NFTs Drive Up Transaction Fees and Spark Mainstream Frenzy
Ordinals inscriptions, also known as “NFTs on Bitcoin,” have become a popular trend in recent weeks. While they are loved by fans and appreciated by miners looking to make a profit, they have also faced cri…
