The International Organization of Securities Commissions (IOSCO) has released a report providing policy recommendations for Decentralized Finance (DeFi). The aim is to address potential risks to market integrity and investor protection in the wake of recent incidents that caused harm to investors and led to the failure of DeFi platforms.The report emphasizes that DeFi activities […]
The International Organization of Securities Commissions (IOSCO) has released a report providing policy recommendations for Decentralized Finance (DeFi). The aim is to address potential risks to market integrity and investor protection in the wake of recent incidents that caused harm to investors and led to the failure of DeFi platforms.The report emphasizes that DeFi activities […]
Solend, the leading lending and borrowing protocol on Solana, has announced its upcoming launch on the Sui blockchain. This marks Solend’s first expansion onto a blockchain other than Solana and demonstrates their confidence in Sui’s technology and potential as a long-term partner. Solend currently has over $140 million in total value locked (TVL) and supports […]
Two well-known financial managers in Switzerland have successfully brought a Spac shell company to fruition, a feat that many of their competitors have not been able to achieve. VT5, the first and only Swiss Spac shell company, completed its listing just before the end of the year and ahead of the deadline. It recently took […]
Siobhan Archer has been promoted to the position of global stewardship lead at LGT Wealth Management. In her new role, Archer will be responsible for overseeing the firm’s stewardship strategy, which includes activities such as voting, engagement, and policy advocacy. She will also provide strategic input on LGT’s net-zero, biodiversity, and human rights initiatives, and […]
The Zurich Cantonal Bank (ZKB) has announced its plans to eliminate various account and card fees starting in 2024. This move comes as a response to the ongoing digitization in the banking industry, where the cost of maintaining a regular account should be minimal. While these fees may only amount to around 50 Swiss francs […]
Ripple, the blockchain enterprise, has been registered with Ireland’s Central Bank, allowing it to offer digital asset services in the country. This move positions Ripple to expand its services across the European Economic Area once the Markets in Crypto Assets Regulation takes effect in late 2024.Ripple has already established a presence in Ireland, opening an […]
The mediation process in Switzerland regarding the abusive dismissal of trade unionists has been put on hold. Federal Councillor Guy Parmelin has made the decision to suspend the process, stating that a mutually agreed solution is currently not feasible. The Federal Department of Economic Affairs, Education, and Research (WBF) released a statement on Monday, explaining […]
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 cryptocurrency community. During a speech, Marshall stated that the association helped craft the legislation to ensure that cryptocurrencies are held to the same standards […]
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 figures like Changpeng Zhao and Sam Bankman-Fried are at the center of these legal battles.One of the most closely watched cases is the […]
