Amidst pressure on fees, high costs, and a less exclusive clientele, many banks have struggled to turn a profit in neighboring countries. UBS, Switzerland’s number one bank, has been grappling with special costs in the market until recent years.The St. Gallen Cantonal Bank is making waves by recruiting bankers in Munich, following the attention garnered […]
The IOTA Foundation had a productive fourth quarter in 2023, with several teams achieving significant milestones. The Foundation’s progress towards IOTA 2.0 was outlined in its Q4 report, which also highlighted major plans for the first quarter of the following year.Among the major advancements were the IOTA 2.0 introduction campaign, the establishment of the first […]
Bitfinity, a leading blockchain technology firm, has successfully secured $7 million in a funding round. The round saw participation from notable investors such as Polychain Capital and ParaFi Capital. The company is pioneering the development of a sidechain that will connect the Virtual Machine (EVM) with the Internet Computer Protocol (ICP). This integration aims to […]
In a significant development in the financial markets, the debut of Bitcoin Exchange-Traded Funds (ETFs) has been led by trillion-dollar giants, marking a milestone in the decade-long journey to integrate cryptocurrency with mainstream financial markets. This follows the approval by the U.S. Securities and Exchange Commission, with trading commencing this Thursday.However, not all financial institutions […]
Vanguard, the world’s second-largest asset manager, has declared that it will not support the purchase of any spot Bitcoin ETFs launched recently. The firm has taken a conservative stance on cryptocurrencies, stating that they do not form part of a “well-balanced” investment portfolio. This position starkly contrasts with that of its main competitor, BlackRock, which […]
The United States Securities and Exchange Commission (SEC) has recently filed a motion against Ripple, demanding the company to provide certain documents related to an ongoing lawsuit. Ripple, in response, is seeking a brief extension to meet the SEC’s demands for documentation regarding XRP sales.The legal conflict between the two entities, which began in December […]
Swiss private bank Julius Bär has hired another executive from its fallen competitor, Credit Suisse, this time for the Southeast Asian market. Julius Bär has appointed Mun Joo Ng as Team Leader for Southeast Asia, effective from January 15, as stated in an announcement. In this newly created role, he will report to Kevin Tay, […]
Robinhood, the commission-free trading platform, has announced that it will offer its retail customers access to all 11 spot Bitcoin ETFs that were recently approved for trading. This move comes just a day after the U.S. Securities and Exchange Commission (SEC) approved the ETFs, indicating that Robinhood was already preparing for this development.The company has […]
FTX clients have appealed to a U.S. bankruptcy judge to stop the now-defunct crypto exchange from determining the value of their cryptocurrency deposits based on 2022 prices. The clients argue that this method is preventing them from benefiting from the recent surge in crypto prices.The Official Committee of Unsecured Creditors, in support of the Debtors’ […]
Manta Network’s native Layer 2 modular blockchain, Manta Pacific, has seen a significant increase in Total Value Locked (TVL), exceeding $800 million. This represents a 65-fold increase over the last quarter. Manta Pacific was launched less than four months ago, in October 2023, with an initial TVL of $10 million. This rapid growth has established […]
