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11 months agoSwedish Investment Firm Cevian Capital Becomes Major Shareholder in UBS
Cevian Capital, a well-known Swedish investment firm, has become a major shareholder in UBS, one of the largest banks in Switzerland. The firm has invested 1.2 billion euros in UBS stocks, acquiring approximately…
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11 months agoCredit Suisse Crisis: National Bank President's Early Intervention Ignored
The long-time president of the Swiss National Bank, Thomas Jordan, reportedly wanted to intervene at Credit Suisse much earlier than previously known. However, his concerns were not heeded. Months before the…
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11 months agoRipple CEO Urges Industry Unity to Support Pro-Crypto Candidates in 2024 US Presidential Election
Ripple CEO Brad Garlinghouse is calling for unity within the crypto industry to support pro-crypto candidates in the upcoming 2024 US presidential election. He believes that it is crucial to counter the anti-crypto…
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11 months agoUK Treasury Introduces Digital Securities Sandbox Regulations to Foster Crypto Innovation
UK Treasury has introduced Digital Securities Sandbox (DSS) regulations to create a controlled environment for testing new technology in financial markets. The rules allow the Treasury to modify or apply new…
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11 months agoSEC Delays Approval of Grayscale, Hashdex, and Pando Crypto ETFs Amid Concerns of Market Manipulation
The U.S. Securities and Exchange Commission (SEC) has initiated additional proceedings regarding three proposed crypto exchange-traded funds (ETFs), effectively delaying their approval. The proceedings concern NYSE…
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11 months agoRevolut Temporarily Suspends Crypto Services for UK Businesses in Response to FCA Regulations
Revolut, a leading fintech platform, will temporarily suspend certain cryptocurrency services for its UK business customers starting January 3, 2024. This decision is in response to the Financial Conduct…
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11 months agoSEC Decision on Bitcoin Spot ETF Could Have Major Impact on Crypto Market
The cryptocurrency industry is eagerly awaiting the decision of the US SEC on the Bitcoin spot ETF applications, which is expected to be announced in mid-January. While many are optimistic about the approval of the…
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11 months agoCryptocurrency Industry Leaders Launch $78 Million PAC Fund for 2024 Elections
As the 2024 election cycle approaches, three political action committees (PACs) backed by influential figures in the cryptocurrency industry are preparing to make a significant impact with a $78 million war chest.…
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11 months agoCrypto Industry Mobilizes to Influence 2024 US Elections
A group of super PACs, backed by cryptocurrency executives and investors, has raised around $78 million to support pro-crypto political candidates in the 2024 US elections. This initiative aims to sway the…
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11 months agoCoinbase Expands Services in Singapore with USD Transfers via SWIFT
Crypto exchange Coinbase has expanded its services in Singapore by announcing support for USD transfers. Retail customers in Singapore can now deposit or withdraw USD using their Coinbase accounts through the SWIFT…
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11 months agoCoinbase CEO Challenges SEC's Rejection of Crypto Regulation Petition
Brian Armstrong, the CEO of Coinbase, has responded positively to the US Securities and Exchange Commission’s (SEC) decision to dismiss the company’s petition for a new regulatory framework for digital assets. Coi…
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11 months agoRevolut Halts Cryptocurrency Purchases on UK Business Platform to Comply with New Regulations
Neobank Revolut will temporarily suspend cryptocurrency purchases on its business platform in the UK starting from the new year. The decision comes as the company aims to comply with new regulations set by the…
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bob wrote a new post
11 months agoCoinbase Expands Services in Singapore with Support for USD Transfers
Crypto exchange Coinbase has expanded its services in Singapore by announcing support for USD transfers. Retail customers in Singapore can now deposit or withdraw USD using their Coinbase accounts through the SWIFT…
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bob wrote a new post
11 months agoRevolut Suspends Crypto Services for UK Businesses Amid Regulatory Changes
Revolut, a fintech firm, has announced that it will temporarily suspend its cryptocurrency trading services for business clients in the UK. This decision comes in response to upcoming regulatory changes by the…
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11 months agoPalau Ministry of Finance Launches Second Phase of Palau Stablecoin Initiative with Ripple's CBDC Technology
The Ministry of Finance of Palau has launched the second phase of the Palau Stablecoin (PSC) initiative. The PSC is a stablecoin that is fully backed by US dollar cash balances and is issued and managed by the…
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11 months agoSEC Denies Coinbase's Petition for Crypto Rulemaking, Citing Existing Laws and Regulatory Timing
The US Securities and Exchange Commission (SEC) has rejected a petition from Coinbase, the largest crypto exchange in the US, seeking exemptions for certain crypto assets to be treated as commodities rather than…
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bob wrote a new post
11 months agoSEC Denies Coinbase's Petition for Crypto Rulemaking, Citing Existing Laws and Regulatory Timing
The US Securities and Exchange Commission (SEC) has rejected a petition from Coinbase, the largest crypto exchange in the US, seeking exemptions for certain crypto assets to be treated as commodities rather than…
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bob wrote a new post
11 months agoWeb3 Venture Builder and Charity Collaborate to Revolutionize Charitable Giving
BlockDown Festival, in collaboration with BlockShow, is set to bring a Web3 event to Hong Kong in May 2024. The conference, supported by Cointelegraph, will take place at Cyberport, a renowned venue for Web3…
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11 months agoCrypto Leaders Invest $78 Million in US PACs to Shape Pro-Tech Legislation
Crypto leaders in the United States have raised a total of $78 million for super PACs, with the aim of increasing the presence of lawmakers who are friendly towards the cryptocurrency industry. The entities that…
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11 months agoTether's USDT Discount on Exchanges Reaches 5-Month High Amid Collaboration with US Authorities
Tether’s USDT stablecoin discount on centralized exchanges like Binance and Coinbase has reached its highest point in five months. This comes after Tether revealed its collaboration with US authorities, which has s…
