llawrence33
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11 months agoAmerican Bankers Association Influenced Contentious Crypto Bill, Sparking Backlash from Crypto Community
U.S. Senator Roger Marshall has revealed that the American Bankers Association played a role in formulating the Digital Asset Anti-Money Laundering Act, a controversial bill that has faced criticism from the…
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11 months agoCrypto Industry Faces Pivotal Court Decisions in 2024
In 2024, the cryptocurrency trading sector is set to experience significant court rulings that could shape the future of the global financial world. Key players such as Coinbase, Binance, Ripple, and prominent…
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11 months agoZuger Wealth Manager Ficas Expands Team with Former Fund Professional Specializing in Digital Investments
Swiss asset manager Ficas has expanded its team with the addition of former fund professional Harlan Carere, who is also knowledgeable about digital investments. Carere, who has three decades of experience in the…
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11 months agoUnicredit CEO Andrea Orcel Sets Sights on Acquiring Major Bank
Andrea Orcel, the CEO of Unicredit, has emerged as one of the most successful managers in the banking industry. Under his leadership, the bank’s stock price has surged by 178% since he took office in April 2021, w…
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11 months agoIOSCO Releases Comprehensive Policy Recommendations for Crypto Regulation
The International Organization of Securities Commissions (IOSCO) has released a set of nine policy recommendations aimed at promoting consistent regulatory oversight in the crypto sector. As the global…
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11 months agoBlackRock, Nasdaq, and SEC Discuss Rule Changes for Bitcoin ETF Listing
BlackRock, Nasdaq, and the United States Securities and Exchange Commission (SEC) recently held discussions regarding the listing of a spot Bitcoin exchange-traded fund (ETF). The meeting focused on the necessary…
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11 months agoUBS to Sell Credit Suisse's Weak Loan Portfolio to Italian Companies
The UBS bank is reportedly planning to offload a portfolio of loans to Italian companies with low credit ratings. The move comes after the bank acquired Credit Suisse and inherited a number of weak credit…
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11 months agoUBS CEO Sergio Ermotti Celebrates Grand Opening of Mandarin Oriental Savoy Hotel
Sergio Ermotti, the CEO of UBS, is being hailed as the smartest manager in Switzerland. Despite his lackluster rhetoric, he wields immense power and is often referred to as the king of Paradeplatz, the financial…
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11 months agoJulius Bär Executives Linked to Controversial Figure Benko: A Tale of Luxury and Scandal
In the case of Benko, the leadership at Julius Bär seems to have adopted a “blame everyone” approach, ensuring that no one takes responsibility. One individual who fits into this narrative is Luigi Vignola, the…
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11 months agoCredit Suisse's Capital Shortfall Revealed in Financial Regulator's Report
A recent report by the Swiss Financial Market Supervisory Authority (FINMA) has revealed that Credit Suisse’s parent bank had lower capitalization than expected, which had negative consequences for the bank d…
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11 months agoBinance's Law Enforcement Portal Breached, Access Sold on Dark Web
A hacker going by the name “Miembro” has recently posted on Breach Forums, offering to sell access to Binance’s law enforcement request panel for $10,000 in Bitcoin or Monero. This access supposedly provides priva…
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11 months agoAlchemy Pay Partners with Worldpay to Enable Cryptocurrency Purchases with Credit and Debit Cards
Singaporean fintech firm Alchemy Pay has announced a partnership with UK-based payment processor Worldpay. This collaboration will allow Alchemy Pay users to access Worldpay’s Visa and Mastercard payment rails f…
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11 months agoBitnomial Receives Clearinghouse License from CFTC, Becomes Regulated Vertically Integrated Market Structure
The United States Commodity Futures Trading Commission (CFTC) has granted Bitnomial, a digital asset derivative exchange, a clearinghouse license. This license adds to Bitnomial’s existing derivatives exchange a…
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11 months agoIOSCO Releases Policy Recommendations for DeFi Regulation
The International Organization of Securities Commissions (IOSCO) has released a set of policy recommendations aimed at promoting consistency in regulatory oversight across jurisdictions. These recommendations,…
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11 months agoBitcoin Bull Michael Saylor Claims Spot Bitcoin ETF Approval Could Be the Biggest Wall Street Development in 30 Years
Bitcoin bull Michael Saylor believes that the approval of a spot Bitcoin exchange-traded fund (ETF) could be the most significant development on Wall Street in 30 years. Saylor compared it to the creation of the…
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11 months agoSenators Warren and Marshall Collaborate with Big Banks on Controversial Anti-Crypto Bill
Big banks have reportedly played a role in the drafting of a controversial anti-crypto bill by United States Senators Roger Marshall and Elizabeth Warren. In a video that surfaced on social media, Senator Marshall…
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11 months agoFTX Debtors and FTX Digital Markets Collaborate to Simplify Bankruptcy Proceedings and Enhance Customer Recovery
In a significant development for those affected by the collapse of the FTX Group, an agreement has been reached between the debtors of FTX and its subsidiary, FTX Digital Markets. This agreement aims to simplify…
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11 months agoAnticipation Builds for Spot Bitcoin ETF Approval by January 10
Galaxy Digital’s CEO, Mike Novogratz, predicts that a spot Bitcoin ETF will be approved by January 10, 2024. He believes that the approval will happen before this date to avoid any legal trouble with Grayscale a…
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11 months agoFTX and Bahamas Subsidiary Reach Global Settlement for Customer Reimbursement
FTX Trading Ltd. and its subsidiary, FTX Digital Markets, have reached a global settlement to address the challenges arising from the collapse of the FTX group in November 2022. The settlement is subject to…
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11 months agoCountries Around the World Embrace Bitcoin as Legal Tender and Investment Opportunity
El Salvador has become the first country to adopt bitcoin as legal tender, using it as a means to boost its economy. President Nayib Bukele has received regulatory approval to launch a bitcoin-backed “volcano b…
