All applicants for the proposed spot Bitcoin exchange-traded funds (ETFs) have submitted their final amended S-1 applications to the US Securities and Exchange Commission (SEC). This includes eleven asset management firms such as BlackRock, Grayscale, ArkInvest, Fidelity, Franklin, VanEck, Valkyrie, Bitwise, Hashdex, WisdomTree, and Invesco Galaxy.Valkyrie was one of the first companies to submit its […]
Grayscale’s Bitcoin Trust is currently witnessing a surge in trading activity. This comes as the anticipation for the approval of an Exchange-Traded Fund (ETF) continues to build.The trust’s record trading and narrowing discount are significant indicators of the market’s response to the potential ETF approval. This development is a clear reflection of the growing interest […]
Swiss banking software manufacturer Temenos and consulting firm Deloitte have announced a new partnership aimed at making inroads into US financial institutions. The collaboration is designed to assist these institutions in accelerating the modernization of their core banking and payment systems in the cloud.The partnership is part of a joint strategy to help financial institutions […]
Bill Hwang, the founder of the now-defunct financial firm Archegos, has leveled serious allegations against the prosecuting attorney’s office. The accusations revolve around the trading data of the company, which spectacularly collapsed in 2021, causing the major bank Credit Suisse to lose several billion and a lot of trust.The double scandal involving Archegos Capital Management […]
Zurich Invest, a subsidiary of Zurich, has expanded its executive board with the addition of an experienced saleswoman. The new member, Sandra Cafazzo, brings with her an extensive network within the industry.Since the beginning of January, Cafazzo has been a member of the executive board at Zurich Invest. She is responsible for the strategic direction […]
Industry giant Blackstone has raised $1.3 billion for a new private equity fund aimed at wealthy private clients. This move represents a strategic shift, furthering the democratization of private market offerings.In a notable move, the American private equity titan Blackstone, a heavyweight in the industry, has for the first time launched a fund for the […]
The Blockchain Association, a leading nonprofit organization advocating for the digital asset economy, has responded to Senator Elizabeth Warren’s concerns about government-related hires in the crypto industry. Kristin Smith, the CEO of the Blockchain Association, penned an open letter to Sen. Warren on January 9, inviting her to work together on issues such as the […]
Binance, the world’s leading cryptocurrency exchange by trading volume, has published its 12th audit of reserves. The report, conducted on January 01, reveals that all coins held by customers on the exchange are 100% backed. The reserves include 597,658.074 Bitcoins (BTC), 4,265,238.882 Ethereum (ETH), nearly 32 million BNB, and USDT stablecoins amounting to 16.85 billion, […]
April 2024 is set to be a critical month for Ripple and its digital currency, XRP, as they face significant legal battles with the SEC and Zakinov. These legal proceedings are expected to shape the future of Ripple and XRP, highlighting the challenges within the cryptocurrency landscape.Ripple enthusiasts are keenly watching the evolution of the […]
A recent survey has revealed that nearly half of the employees at the combined UBS-Credit Suisse are apprehensive about their job security. The survey, conducted by eFinancialCareers at the end of 2023, found that 43.2 percent of UBS bankers are worried about losing their jobs. This level of job insecurity was only surpassed by employees […]
