The hype around ‘Bitcoin NFT’ has reached the prestigious auction house Sotheby’s, as a Super Mario-style mushroom character sold for a staggering $200,000. This marked the first sale of the historic auction house’s “NFTs on Bitcoin” collection, which featured three pixelated images of mushroom-themed artwork. The collection attracted approximately $450,000, surpassing the highest estimates by […]
Despite popular predictions of an impending recession, the data continues to tell a different story. The annualized growth of the gross domestic product in the third quarter was a staggering 5.2%, the fastest pace since the fourth quarter of 2021 when substantial government anti-Covid stimuli were still flowing through the economy.And just this morning, even […]
The US national debt has skyrocketed by $6.7 trillion in just three years, reaching a staggering total of nearly $34 trillion. This alarming increase raises concerns about the country’s fiscal health and economic sustainability. According to Bank of America research, the debt-to-GDP ratio currently stands at approximately 100%, a level not seen since World War […]
The introduction of Instant Payment in the Swiss payment system is expected to be the biggest change since the introduction of QR codes on invoices. The Swiss National Bank (SNB) and SIX subsidiary Swiss Interbank Clearing (SIC) have laid the groundwork for the implementation of Instant Payment with SIC5. The new system has already been […]
The UBS has seen a significant increase in its stock price following its acquisition of Credit Suisse. This success can be attributed to the interest of financial investors in the concept of a “Wealth Management Powerhouse.” However, some investors who feel disadvantaged by the sale of Credit Suisse have filed class-action lawsuits in an attempt […]
A major shakeup occurred at Signa Financial Services as their operational chief was removed from his position amidst allegations of serious misconduct. This small but influential firm, consisting of a handful of financial experts and trusted associates of René Benko, is located in Zurich, Switzerland, just a stone’s throw away from Paradeplatz.Signa Financial Services, a […]
El Salvador has received regulatory approval for its long-awaited Bitcoin bonds, also known as “Volcano Bonds.” The bonds are expected to launch in early 2024, according to the National Bitcoin Office of El Salvador. The approval was granted by the Digital Assets Commission. The country’s pro-Bitcoin leader, Nayib Bukele, also confirmed the news on social […]
Julius Bär, a supposedly conservative private bank, is reportedly facing a potential disclosure regarding its expected profits. The bank’s profits are expected to be lower than anticipated due to a 600 million credit for René Benko’s Signa Group. It is speculated that the bank may have incurred losses from other private debt clients as well.The […]
In light of recent events, it is crucial for Switzerland to maintain its neutrality more than ever. The country cannot afford to align itself with a sinking ship like the US, which is burdened with massive debt and unable to finance further wars. The decision by Bundesrätin Viola Amherd to sign the purchase agreement for […]
In light of recent events, it is crucial for Switzerland to maintain its neutrality more than ever. The country cannot afford to align itself with a sinking ship like the US, which is burdened with massive debt and unable to finance further wars. The decision by Bundesrätin Viola Amherd to sign the purchase agreement for […]
