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 […]
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 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 […]
Crypto mining firms experienced strong trading volumes on American exchanges on Monday, with some mining shares even surpassing well-known U.S. tech giants. The combined trading volume of four mining firms — Marathon Digital, Riot Platforms, Cleanspark, and Terawulf — reached $208 million on Jan. 8, according to data from Yahoo Finance.Marathon Digital (MARA) emerged as […]
United States-based Bitcoin miner, CleanSpark Inc., is preparing to significantly enhance its mining capabilities. The company has plans to purchase up to 160,000 Bitmain S21 miners by the end of 2024. This strategic move is expected to increase CleanSpark’s hashrate from its current 10 exahashes per second (EH/s) to an impressive 50 EH/s over the […]
While the attack by US investment firm Hindenburg on the Indian Adani Group last year made the most headlines, many other activist campaigns have shaken the boardrooms of companies: from the British major bank HSBC, where activist Ken Lui demanded the breakup of the institution, to the oil giant BP, where climate activists submitted a […]
The US Securities and Exchange Commission (SEC) has recently filed a notice of supplemental authority in its lawsuit against Binance, Binance.US, and former CEO Changpeng ‘CZ’ Zhao. The SEC is citing the judgment in SEC v. Terraform Labs as a significant precedent in its case. This strategic move is aimed at leveraging the Terra ruling […]
Citigroup, a New York-based financial institution, is reportedly planning to establish its onshore investment banking unit in mainland China. The bank aims to launch this unit within a timeframe of 12 to 18 months, as per a report by Reuters that cites anonymous sources.The American lender has set a target to accommodate 30 individuals for […]
LGT Private Banking has expanded its operations in Germany by opening an office in Frankfurt. This move increases LGT’s presence in the country, where it already has offices in Hamburg, Dusseldorf, and Cologne. The bank now serves high-net-worth (HNW) individuals, families, and entrepreneurs in four different regions of Germany.The Frankfurt office will be staffed by […]
