A banking giant with $1.80 trillion in assets under management, Credit Suisse, has been fined $3.9 million SGD ($2.90 million) by the Monetary Authority of Singapore (MAS) for making false statements to clients and overcharging customers. The MAS found that the bank’s relationship managers routinely violated Singapore’s Securities and Futures Act (SFA) of 2001 by […]
The Zürcher Kantonalbank has announced that it will be eliminating bank fees for private customers, a move that could potentially lead to a wave of fee reductions across the banking industry. This decision comes as a relief for customers who have been burdened with high fees, particularly during a period of negative interest rates.While other […]
Bitwise has revealed a $200 million seed fund for its spot Bitcoin ETF, according to an updated S-1 filing. This seed fund is significantly larger than the $10 million seed investment recently announced by BlackRock for its own spot Bitcoin ETF.This development highlights the growing interest and investment in the cryptocurrency market, particularly in Bitcoin. […]
Two heavyweight digital portals in the finance industry, U.Today and Investing.com, have announced an expansion of their collaboration. The partnership aims to provide traders and investors with top-notch content on blockchain, AI, and cryptocurrencies.According to a joint statement, U.Today and Investing.com will continue working together in the content sphere throughout 2024. Investing.com will automatically broadcast […]
VanEck has made amendments to its spot Bitcoin ETF application with the U.S. Securities and Exchange Commission (SEC). The updated filing removes the allowance for in-kind transactions involving Bitcoin, stating that only cash transactions will be permitted. The filing also mentions a potential partnership with Coinbase Custody as an additional custodian, although this is not […]
A Nigerian crypto exchange, Yellow Card, sees the recent guidelines from the Central Bank of Nigeria (CBN) as an opportunity for increased legitimacy and integration with the traditional financial system. The CBN’s decision to lift the ban on crypto transactions is expected to expand Yellow Card’s user base and foster competition and innovation in the […]
The rise and fall of FTX, a cryptocurrency empire led by Sam Bankman-Fried, has captivated the world. Bankman-Fried has been convicted of defrauding customers, and while this marks a significant milestone, the repercussions of this financial disaster will be felt for years to come.The fallout from FTX’s collapse includes investor losses and increased regulatory scrutiny. […]
A number of companies have submitted their final applications for a spot Bitcoin exchange-traded fund (ETF) to the United States Securities and Exchange Commission (SEC) on December 29. Invesco Galaxy, Bitwise, WisdomTree, and Fidelity were among the companies that submitted their applications, following BlackRock, Van Eck, and Valkyrie. Fidelity, WisdomTree, and Invesco Galaxy have announced […]
A hacking group known as “Pink Drainer” has recently executed a high-stakes digital robbery, stealing $4.4 million worth of Chainlink (LINK) tokens from a single victim. The theft was carried out with remarkable speed and efficiency, leaving the victim at a loss of 275,700 LINK in just two rapid transactions.Blockchain security firm Scam Sniffer has […]
Amid the excitement surrounding the potential approval of a spot Bitcoin exchange-traded fund (ETF) in January 2024, concerns have been raised about the issue of backing. Some analysts worry that ETFs could take people away from self-custody and potentially result in unbacked Bitcoin.These concerns have sparked a debate within the community, with some dismissing them […]
