Art
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11 months agoBank Job Cuts Reach Record High in 2023, UBS Leads the Way
Western banks have been cutting tens of thousands of jobs this year, with Swiss bank UBS leading the way. According to calculations by the British newspaper “Financial Times,” European and American banks have eli…
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11 months agoSwiss Financial Startup Quantarea Offers "Quant as a Service" to the Banking Industry
A new startup called Quantarea has recently launched in Stettlen, Switzerland, with the aim of offering “Quant as a Service” to the country’s financial industry. The company, founded last summer, is based in the f…
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11 months agoEvaluation of Swiss Banking Regulation: Too Big to Fail Rules Under Scrutiny
The Swiss government is considering the evaluation of regulations for large banks, according to Federal Councillor Karin Keller-Sutter. The Finance Minister is advocating for an open discussion on the matter. The…
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11 months agoNew Leadership Transitions in Swiss Financial Institutions
Andréa Maechler, former director of the Swiss National Bank (SNB), surprised the financial world when she resigned in June and took on a new role as Deputy General Manager at the Bank for International Settlements…
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11 months agoOn-Chain Trading Platform Thunder Terminal Suffers Security Breach, Loses $240,000 in ETH and SOL
Thunder Terminal, an on-chain trading platform, recently experienced a security breach resulting in a significant loss of approximately $240,000. The breach occurred when a hacker gained unauthorized access to a…
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11 months agoPaxos Expands Stablecoin Issuance to Solana Blockchain, Paving the Way for Future Innovations
Paxos, a leading stablecoin issuer, has received regulatory clearance to launch its Paxos USDP stablecoin on the Solana blockchain. This move highlights Paxos’ growth and adaptability in the industry. Previously, P…
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11 months agoGrayscale Adapts ETF Strategy to Meet SEC's Cash-Only Redemption Requirements
Grayscale, a crypto asset manager, has made amendments to its ETF strategy in order to comply with the cash-only redemption demands of the United States Securities and Exchange Commission (SEC). The revised filing…
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11 months agoKyberSwap Decentralized Finance Protocol Implements Workforce Reduction Following $48.8 Million Exploit
The team behind decentralized finance protocol KyberSwap has made the difficult decision to reduce its workforce by 50% following a major exploit that cost the company $48.8 million. CEO Victor Tran expressed his…
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11 months agoRipple Secures Regulatory Approval for Crypto Services in Ireland
Ripple, the global payments network, has achieved a significant milestone by obtaining regulatory approval from the Central Bank of Ireland to provide crypto services in the country. This approval allows Ripple to…
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11 months agoInconsistent Approach to Bitcoin ETF Applications Raises Regulatory Concerns
Over the past two years, Elizabeth Stark and her team at Lightning Labs have made significant strides in growing the Lightning Network. They have achieved a remarkable 1,200% increase in routed transactions,…
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11 months agoFormer Binance CEO Changpeng Zhao's Wealth Surges by $24 Billion Despite Legal Troubles
Changpeng Zhao, the former CEO of Binance, has experienced a significant increase in his personal wealth despite facing legal troubles. His net worth has climbed by an impressive $24 billion this year, securing him…
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11 months agoTelcoin Wallet Hack Results in $1 Million Loss and TEL Token Crash
Telcoin, a decentralized finance platform (DeFi), has suffered a hack in its mobile wallet application, resulting in a loss of over $1 million in cryptocurrencies. The incident, which was first reported by security…
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11 months agoJapan to Introduce Tax Relief for Companies Holding Crypto Assets
Japan is set to approve a revision to its taxation law that will provide tax relief for companies holding cryptocurrency on their books. The reforms, if approved, will come into effect in the 2024 fiscal year. The…
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bob wrote a new post
11 months agoJapan to Introduce Tax Relief for Companies Holding Crypto Assets
Japan is set to approve a revision to its taxation law that will provide tax relief for companies holding cryptocurrency on their books. The reforms, if approved, will come into effect in the 2024 fiscal year. The…
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bob wrote a new post
11 months agoTether Mints $1 Billion in USDT to Replenish Inventory, Raises Transparency Concerns
Tether, a major stablecoin issuer, has minted an additional $1 billion of its USDT stablecoin on the Ethereum blockchain. This move is aimed at replenishing its inventory in anticipation of a surge in demand. The…
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11 months agoCrypto Industry Titans Face Potential Prison Sentences in US
Several prominent figures in the cryptocurrency industry are currently facing criminal charges in the United States. These individuals, who were once considered titans of the industry, are now potentially facing…
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11 months agoGrayscale Announces Board Reshuffle as Barry Silbert Steps Down as Chairman
Key figures at Grayscale, including chairman Barry Silbert and Mark Murphy, president of its parent company Digital Currency Group (DCG), will step down from their board positions effective Jan. 1, 2024, according…
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11 months, 1 week agoCoinbase's Base Revolutionizes Ethereum with Innovative Layer-2 Network
American crypto exchange Coinbase has recently introduced Base, its Ethereum layer-2 network, which positions the company as a fundamental layer for decentralized commerce and activity. Base, built on the Ethereum…
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11 months, 1 week agoTether Mints $1 Billion USDT as Inventory Replenishment on Ethereum Blockchain
Tether, the operator of the world’s largest stablecoin, has recently minted another billion USDT. This transaction, however, is authorized but not yet issued. Tether CEO Paolo Ardoino clarified that this amount w…
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bob wrote a new post
11 months, 1 week agoTether Mints $1 Billion USDT as Inventory Replenishment on Ethereum Blockchain
Tether, the operator of the world’s largest stablecoin, has recently minted another billion USDT. This transaction, however, is authorized but not yet issued. Tether CEO Paolo Ardoino clarified that this amount w…
