The emergence of Bitcoin Ordinals in 2023 as nonfungible tokens (NFTs) on the Bitcoin blockchain has sparked a significant debate, causing a rift in the previously united Bitcoin community. This division has raised concerns, especially as major Wall Street firms are preparing to issue Bitcoin ETFs. To avoid further fragmentation, supporters of Bitcoin Ordinals are […]
Blockchain security firm CertiK’s account on X was compromised due to an employee’s interaction with a scammer. This incident occurred just two days after CertiK published a report warning the DeFi sector about the need to decrease the correlation between the money deposited into it and the total amount lost in hacks and scams. The […]
The cryptocurrency industry is on the edge of a significant decision as the U.S. Securities and Exchange Commission (SEC) is set to decide on the approval of the first Bitcoin Exchange Traded Fund (ETF) on January 10. The approval is seen by many observers as a mere formality, and the anticipation has driven Bitcoin’s price […]
Renowned American fund manager Cathie Wood is launching her exchange-traded index funds in Europe. She has appointed a new person in charge for Switzerland and the German-speaking countries abroad. ARK Invest Europe, the European subsidiary of the American fund company ARK Investment Management, has appointed Florian Berberich as the head of German-speaking sales.Formerly with Bloomberg, […]
Zurich Invest, a subsidiary of Zurich, has expanded its executive board with the addition of an experienced saleswoman. The new member, Sandra Cafazzo, brings with her an extensive network within the industry.Since the beginning of January, Cafazzo has been a member of the executive board at Zurich Invest. She is responsible for the strategic direction […]
A recent survey has revealed that nearly half of the employees at the combined UBS-Credit Suisse are apprehensive about their job security. The survey, conducted by eFinancialCareers at the end of 2023, found that 43.2 percent of UBS bankers are worried about losing their jobs. This level of job insecurity was only surpassed by employees […]
Ripple Labs has become a gold sponsor for the Digital Euro Conference 2024 (#DEC24), as announced by the Digital Euro Association (DEA) via X (formerly Twitter). The DEA expressed its excitement about Ripple’s involvement, stating, “We are happy to have Ripple on board as a gold sponsor for the Digital Euro Conference (#DEC24)! Join us […]
The conservative private bank Julius Bär and the state-owned Aargauische Kantonalbank (AKB) have both been implicated in risky business dealings with the now bankruptcy-threatened Signa conglomerate. The extent of their involvement has been revealed, with AKB admitting to financing a “troubled department store and real estate investor group” to the tune of 73 million Swiss […]
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 […]
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. […]
