The penultimate week of the year brought some significant developments in the world of cryptocurrency. One of the most anticipated events is the potential approval of a Bitcoin Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC) in January 2024. If approved, this could have a major impact on the demand for Bitcoin, […]
Smart wallet infrastructure leader Safe has partnered with digital asset banking group Sygnum and recovery service provider CoinCover to introduce Safe RecoveryHub. This platform aims to address the challenge of inaccessible digital assets, which is estimated to be over 900K ETH (valued at $1.92 billion) due to forgotten keys.Safe RecoveryHub offers various recovery options, including […]
Multiple fraudulent accounts have emerged on social media, posing as prominent blockchain investigator ZachXBT. This comes after the deactivation of his official account. Michael Khekoian, partnership director at Web3 security firm Wallet Guard, warned his followers about the impersonation and urged users to remain vigilant. He highlighted that these fake accounts often try to deceive […]
The Central Bank of Nigeria (CBN) has lifted restrictions on Nigerian banks facilitating cryptocurrency transactions, according to a circular sent on Dec. 22. This move is expected to intensify competition between crypto-fiat exchanges and peer-to-peer (P2P) merchants. The initial ban by the CBN on banks aiding crypto transactions had led to the dominance of P2P […]
Hong Kong’s financial regulatory bodies, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA), have announced that they are open to receiving applications for spot crypto exchange-traded funds (ETFs). This comes after a review of their current policy on ETFs, acknowledging the evolving virtual asset environment since 2018.The SFC and HKMA […]
The Ethereum Enterprise Alliance (EEA) has released its latest assessment of Ethereum’s readiness for enterprise use. The report highlights Ethereum’s strong ecosystem, security, and decentralization as key advantages. It also acknowledges the platform’s appeal to global financial services firms, with institutions like SWIFT, Standard Chartered, and JP Morgan exploring the public blockchain.One significant development for […]
The Securities and Exchange Commission (SEC) has set a strict year-end deadline for final changes to spot Bitcoin exchange-traded funds (ETFs). The SEC officials have confirmed that the first wave of approvals for these ETFs will come in January 2024.In a recent meeting with the issuers, the SEC made it clear that any firm missing […]
UBS, the Swiss banking giant, is aiming to establish itself as a major player in the American investment banking market, but it acknowledges that it will always play second fiddle to the Wall Street giants. Despite its ambitions to break new ground in investment banking, UBS remains primarily focused on asset management, with CEO Sergio […]
UBS is set to cut around two-thirds of Credit Suisse’s investment banking jobs, with the latest casualties being in Spain. According to Bloomberg, UBS plans to eliminate all 147 jobs at Credit Suisse’s investment banking operations in Spain. The cuts will affect investment bankers as well as back- and middle-office staff in Wealth Management.However, UBS […]
