Swiss banking giant UBS is looking to sell the Chinese securities business of Credit Suisse, but few potential buyers are showing interest. Amid geopolitical tensions and increasing regulatory challenges, international banks in China are facing difficult conditions. UBS, which has been building an investment banking business in China for nearly two decades, is now trying […]
The cryptocurrency landscape is abuzz following the recent approval of 11 spot Bitcoin ETFs on January 10, 2024. This development has sparked anticipation for a likely approval of Ethereum’s spot ETFs later this year. Analysts, including Bloomberg ETF analyst Eric Balchunas, are optimistic about Ethereum’s prospects, estimating a 70% likelihood of approval by May.Bitcoin ETFs […]
Polygon Labs has launched the Libre Chain, a protocol powered by the Polygon CDK and supported by major players in institutional blockchain adoption. The Libre Chain aims to provide unparalleled access to global alternative investment funds and enhance distribution capabilities for asset managers.The Libre Chain was introduced in a post by Polygon on the 10th […]
The crypto space marked a historic moment with the approval of 11 spot Bitcoin Exchange-Traded Funds (ETFs), a development eagerly anticipated since the Winklevoss twins filed for the first proposed Bitcoin ETF back on July 1, 2013. This event coincides with the 15th anniversary of Hal Finney’s tweet “Running Bitcoin,” marking a symbolic milestone in […]
The United States Securities and Exchange Commission (SEC) recently gave the green light to several fund managers to list spot Bitcoin exchange-traded funds (ETFs). Despite this landmark approval, SEC Commissioner Mark Uyeda expressed “strong concerns” about three aspects of the approval order.Although Uyeda voted in favor of the Bitcoin ETF applications, he criticized the Commission’s […]
The Ethereum Dencun network upgrade is set to be activated on the Goerli testnet on January 17. This upgrade is significant for the Ethereum chain, marking one of the most crucial developments since the Merge. The Dencun upgrade is known for the introduction of data blobs through the EIP-4844 or the protodanksharding upgrade.Ethereum Improvement Proposals […]
Trading app Robinhood is preparing to list spot Bitcoin exchange-traded funds (ETFs) following their recent approval by the SEC. This development is a response to the SEC’s decision to approve 11 spot Bitcoin ETFs, a significant milestone in cryptocurrency trading. Robinhood’s CEO, Vlad Tenev, shared the company’s plans on social media, highlighting Robinhood’s role in […]
The U.S. Securities and Exchange Commission (SEC) has given approval to 11 issuers in the Spot Bitcoin ETF frenzy, with Grayscale Investments, the world’s leading crypto asset manager, taking center stage. Grayscale’s achievement was recognized by Coinbase CEO Brian Armstrong and CLO Paul Grewal, who credited the firm for its significant victory in the ETF […]
The recent approval by the Securities and Exchange Commission (SEC) has sparked a surge in Ethereum and various altcoins, overshadowing the modest gains of Bitcoin. Altcoins such as ETC, Arbitrum, and Mantle have seen increases of 30%, 20%, and 20% respectively, while Bitcoin has only seen a modest increase of $500. Trading and money inflows […]
U.S. financial giant, J.P. Morgan Asset Management (J.P. Morgan AM), has appointed a former UBS and HSBC banker, Laura Geiger-Pancera, as the new head of its asset management in Switzerland. She replaces Claude Kurzo, who was called to higher duties in London last year.From Zurich, Geiger-Pancera will report to Christoph Bergweiler, Head of Fund Continental […]
