In a surprising turn of events, UBS is set to continue its job cuts at Credit Suisse in 2024, with a reported 35,000 people being cut from the combined workforces. By the third quarter of 2023, only 13,000 of these cuts had been made. The integration process, which is expected to continue until 2026, aims […]
Standard Chartered, a multinational banking firm, has projected a potential surge in Bitcoin’s value to nearly $200,000 by late 2025. This prediction is based on the anticipated success of Bitcoin exchange-traded funds (ETFs) in the US. The bank’s Head of Digital Assets, Geoff Kendrick, and Precious Metals Analyst Suki Cooper believe that US-listed spot Bitcoin […]
Financial giants BlackRock, VanEck, and Pantera Capital have made significant investments in Bitcoin ETFs, indicating a strong institutional confidence in the cryptocurrency market. These strategic investments could play a crucial role in shaping Bitcoin’s market trajectory and potentially influence its valuation in the near future.BlackRock has invested an impressive $2 billion, VanEck has committed $72.5 […]
As anticipation builds in the crypto world over the potential approval of spot Bitcoin ETFs in the US, major players are making bold predictions. Banking giant Standard Chartered has forecasted a staggering $200,000 target for Bitcoin by late 2025, contingent on ETF approval. This optimistic forecast is underpinned by the belief that spot Bitcoin ETFs […]
As the deadline for the approval of several spot Bitcoin ETFs approaches on January 10, the US Securities and Exchange Commission (SEC) has stirred up a debate within the crypto community. The SEC has sent new comments on updated S-1 filings just hours after their submission, leading to speculation about the potential implications for the […]
Bitcoin pioneer and CEO of JAN3, Samson Mow, has expressed his belief that the price of one Bitcoin (BTC) will eventually reach a million dollars. However, he also warns that if this happens too quickly, it could cause significant disruption and “max pain” for some people.Mow’s company, JAN3, is dedicated to assisting nation-states in adopting […]
The Swiss National Bank (SNB) is set to report a loss of around 3 billion Swiss francs for the fiscal year 2023, according to provisional calculations released on Tuesday. This follows a trend from the previous year, where losses prevented profit distribution to the federal government and cantons.Last year, the SNB benefited from the markets. […]
The approval of spot Bitcoin ETFs in the United States appears to be inevitable. This comes after the US Securities and Exchange Commission (SEC) has taken civil actions to weed out the majority of rogue players, ensuring transparency and proper reporting to investors. The cryptocurrency is on the brink of a new era of mainstream […]
The Basler Insurance Group, Baloise, is facing a potential change in its voting rights restriction. The Swiss asset manager, zCapital, intends to abolish the existing voting and registration restriction of 2 percent at Baloise’s next general meeting on April 26, according to a recent announcement from the fund company, which specializes in governance and stewardship […]
The Solana SOL ecosystem has reported over 2,500 monthly active developers, as per recent data from the Solana Foundation. A report released on Jan. 9, 2023, stated that the network had maintained between 2,500 and 3,000 monthly active developers over the past year. The report emphasized the importance of sustaining a consistent number of developers […]
