gmc
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11 months, 1 week agoJulius Bär Faces Potential Losses Due to Risky Loans
Julius Bär, a supposedly conservative private bank, is reportedly facing a potential disclosure regarding its expected profits. The bank’s profits are expected to be lower than anticipated due to a 600 million cr…
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11 months, 1 week agoPutin Predicts the End of Western Banking Dominance and the Rise of Bitcoin in BRICS Declaration
Russian President Vladimir Putin has made a bold prediction about the future of Western banking dominance and the rise of Bitcoin. Speaking at the VTB Investment Forum in Moscow, Putin stated that the era of…
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11 months, 1 week agoArvy, Swiss Asset Manager, Receives License from Finma and Launches Flagship Equity Strategy Fund
Swiss asset management boutique Arvy has received approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate as a wealth manager. The founding team, who previously worked for a multi-family…
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11 months, 1 week agoGoogle to Update Ad Policy for Bitcoin ETFs Ahead of Anticipated Approvals
Google is set to update its advertising policy in January 2024 to allow the promotion of Cryptocurrency Coin Trusts on its platform. This change will come into effect on January 29, 2024, and will apply globally.…
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11 months, 1 week agoUK Pension Fund Invests $20 Million in First Regulated Bitcoin Derivatives Exchange
The investment arm of UK-based pension fund M&G has invested $20 million in Global Futures & Options Holdings (GFO-X), the country’s first regulated Bitcoin derivatives exchange. This investment is part of a $30 m…
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11 months, 1 week agoRipple's Potential Role in Streamlining International Trade with eBL Interoperability
Swift, BNY Mellon, and Deutsche Bank are collaborating on a project to improve commercial efficiency by digitizing freight invoices using blockchain technology. The initiative aims to reduce fraud and costs…
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11 months, 1 week agoGerman Development Bank KfW to Launch Innovative Tokenized Bond in 2024
German development bank KfW is set to introduce a tokenized bond by 2024, following the successful issuance of a €20 million digital bond. This milestone was achieved through the use of Deutsche Börse’s Clea…
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11 months, 1 week agoAirline Industry Bounces Back, Approaching Pre-COVID Profit Levels
The Swiss bank Pictet has reached a settlement with the United States, agreeing to pay $123 million to resolve a long-standing tax dispute. This comes after years of legal battles between Swiss banks and the US…
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11 months, 1 week agoSouth Korean Regulator Sets Deadline for Interest on Digital Asset Deposits
The Financial Services Commission (FSC) in South Korea has announced new regulations for investors in digital assets. By July 2024, investors must receive interest when depositing funds into an exchange. However,…
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11 months, 1 week agoEl Salvador Launches Citizenship Program for Crypto Investors
El Salvador has introduced the “Adopting El Salvador Freedom Visa Program,” a citizenship-by-investment scheme aimed at attracting the crypto community. Under this program, individuals can obtain residency and pot…
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11 months, 1 week agoLiquidium Raises $1.25M in Pre-Seed Funding for Bitcoin Ordinal Lending, Pioneering New Frontier in Crypto Collateralization
Liquidium, a startup in the lending sector of Bitcoin, has successfully raised $1.25 million in pre-seed funding. This funding round is a significant milestone for the company as it aims to pioneer a new lending…
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bob wrote a new post
11 months, 1 week agoUBS Hires J.P. Morgan Veteran as Global Co-Head of Equity Capital Markets
The Swiss major bank has acquired several advisory teams from Wall Street competitors in the US this year. Now, it is bringing in a veteran from the largest US bank. The US market is one of the most important…
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11 months, 1 week agoCredit Suisse Executives Join American Asset Manager Spectrum Asset Management
Two experienced executives from Credit Suisse have joined an American asset manager, Spectrum Asset Management. Isabel Faragalli has been appointed as the Managing Director of Investments, responsible for…
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11 months, 1 week agoCrypto Exchange HTX Loses $30 Million in Exploit, Investors Withdraw $258 Million
Crypto investors have been withdrawing their assets from the crypto exchange HTX (formerly known as Huobi) after a recent exploit that resulted in a loss of $30 million. Since the exchange resumed its services on…
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11 months, 1 week agoCrypto Lawyer Accuses Senator Warren of Misconduct in Oversight of SEC
A prominent crypto lawyer, John Deaton, has made serious allegations against Senator Elizabeth Warren regarding her oversight responsibilities of the Securities and Exchange Commission (SEC). Deaton claims that…
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11 months, 1 week agoSEC Files Unsealed Documents to Strengthen Binance Lawsuit
The U.S. Securities and Exchange Commission (SEC) has requested the court to consider newly unsealed documents in its lawsuit against cryptocurrency exchange Binance and its former CEO Changpeng Zhao (CZ). The SEC…
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11 months, 1 week agoThe Growing Concern of Cryptocurrency Deaths: Examining the Troubling Phenomenon
The death of Javier Biosca has brought attention to the dark side of the cryptocurrency world. Biosca, a controversial figure in the industry, tragically ended his life by jumping from a hotel in Estepona, Spain.…
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11 months, 1 week agoSecurity Breach Detected: $50 Million Worth of HXA Tokens Stolen in KyberSwap Exploit
A security breach has been detected in the Herencia Artifex NFT project, involving a movement of $50 million in HXA tokens. The tokens were transferred by the KyberSwap exploiter, who obtained them using the…
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bob wrote a new post
11 months, 1 week agoSecurity Breach Detected: $50 Million Worth of HXA Tokens Stolen in KyberSwap Exploit
A security breach has been detected in the Herencia Artifex NFT project, involving a movement of $50 million in HXA tokens. The tokens were transferred by the KyberSwap exploiter, who obtained them using the…
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bob wrote a new post
11 months, 1 week agoFinancial Conduct Authority Criticized for Ineffectiveness in Regulating Cryptocurrency Industry
The National Audit Office (NAO) has expressed concerns about the effectiveness of the Financial Conduct Authority (FCA) in regulating the cryptocurrency industry in the United Kingdom. According to a recent report…
