The cryptocurrency data aggregator CoinGecko’s X (formerly Twitter) account and terminal were briefly compromised on January 10. The company has assured that it is taking immediate action to investigate the incident and secure the accounts. Users have been cautioned against engaging with suspicious content or clicking on any links.During the brief period of the hack, […]
In a significant development, Coinbase, a leading cryptocurrency exchange, has moved to dismiss the lawsuit filed against it by the U.S. Securities and Exchange Commission (SEC). The company has submitted a motion to dismiss the SEC’s complaint, which accuses it of operating as an unregistered corporation and violating securities laws.Coinbase’s filing argues that the SEC […]
Ripple Labs has recently made a significant strategic investment by repurchasing $285 million worth of shares from early investors and employees. This move has set the company’s valuation at an impressive $11.3 billion. Since 2015, Ripple has raised $293.8 million in funding across 14 rounds, with investors limited to selling a maximum of 6% of […]
In the aftermath of the CS collapse, it’s not ZKB, Vontobel, or Benko-Bär that are reaping the most benefits, but EFG. The private bank, with Boris Collardi as a shareholder and board member, is scooping up as many executives and advisors from the fallen Paradeplatz power as it can.Manuel Blanco, a seasoned private banker with […]
Swissquote, the largest online bank in Switzerland, has announced a record-breaking year for 2023, despite the results not being expected until March. The bank, based in Gland VD, has had a very successful year, according to a statement released on Thursday.Swissquote expects a pre-tax profit of at least 255 million Swiss francs, with a net […]
Tesla CEO and SpaceX founder Elon Musk, initially skeptical about using Bitcoin as a currency on Mars, has now slightly warmed up to the idea. During an X Spaces titled ‘ARK 21Shares Bitcoin ETF (ARKB) Approved,’ with ARK Invest CEO Cathie Wood, Musk expressed concerns about the significant time it takes to settle Bitcoin transactions, […]
JPMorgan CEO Jamie Dimon has reiterated his negative stance on Bitcoin and the wider cryptocurrency industry in a recent interview with Fox, citing concerns over illicit activities such as sex trafficking, tax evasion, money laundering, and terrorism financing. He has previously expressed similar views during a Senate Banking Committee hearing, suggesting that cryptocurrencies should be […]
UBS, a leading Swiss bank, has achieved a record-breaking market share in its home country following the acquisition of its main competitor, Credit Suisse. This strategic move has resulted in UBS securing a significant 25% of the dealmaking fee pool in Switzerland last year, a feat that is unprecedented in the industry.UBS’s takeover of Credit […]
Pharmaceutical giants Eli Lilly and Novo Nordisk have seen their value more than triple in less than three years. Their combined corporate value, which consists of market capitalization plus net debt, was around $360 billion at the height of the COVID-19 pandemic in February 2021. It has since grown to a trillion dollars.The rapid rise […]
In a surprising turn of events, customers of the bankrupt crypto lender, Celsius Network, are now facing legal action from bankruptcy managers. This follows substantial withdrawals made within 90 days before the company’s bankruptcy declaration. The managers are demanding that these customers return some of their funds or potentially face further legal consequences.The legal dispute […]
