UBS, the banking giant, is setting its sights on expanding its wealth and asset management presence in China. This strategic move is driven by the potential the bank sees in the country, according to Eugene Qian, the country head of UBS and chairman of UBS Securities.Qian shared these insights during his speech at the UBS […]
Despite economic challenges and a scarcity of deals, UBS Group AG, the Swiss multinational investment bank, is steadfast in its goal to bolster its wealth and asset management operations in China. Eugene Qian, the China head of UBS, underscored the strategic importance of the Chinese market and announced the bank’s plan to further expand its […]
Mercari, a leading Japanese e-commerce platform, is set to accept Bitcoin as a payment option for its flea market app-listed products starting in June. This move will be facilitated through its Tokyo-based crypto exchange subsidiary, Melcoin.While the prices of items listed on the flea market app will be shown in Japanese yen, users will have […]
Upbit Singapore, the Singaporean subsidiary of South Korean cryptocurrency exchange Upbit, has secured a Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS). This license allows the exchange to expand its business in Singapore, including growing its team, expanding its institutional business offering, and increasing the number of digital assets it lists.Prior […]
Despite recent business challenges, UBS is planning to expand its wealth management and fund business in China. The future of the onshore securities business remains uncertain.“China is a key strategic market and a place where we want to do more,” said Eugene Qian, UBS’s China Country Head, in an interview with Bloomberg TV. “In particular, […]
Ethereum co-founder Vitalik Buterin has been actively engaging with the crypto community on social media, offering financial advice that has not been well-received by Ethereum investors. On January 7, Buterin responded to a post about billionaires Bill Gates and Warren Buffett, criticizing the advice given and offering his own financial insights.The post that caught Buterin’s […]
Blockchain intelligence firm TRM Labs has revealed that groups associated with the Democratic People’s Republic of Korea (DPRK) were behind approximately 33% of all cryptocurrency thefts through hacks in 2023. The firm’s research, published on January 5, suggests that North Korean hackers may have stolen up to $700 million in cryptocurrency in 2023, with $600 […]
North Korean hackers have been responsible for a significant portion of all cryptocurrency stolen through hacks in recent years. In 2023 alone, they stole $600 million in crypto, accounting for 33% of all crypto thefts. Since 2017, groups tied to the Democratic People’s Republic of Korea (DPRK) have stolen nearly $3 billion worth of crypto, […]
In a recent revelation by TRM Labs, North Korean hackers have been implicated in significant cryptocurrency thefts in 2023, accumulating at least $600 million. The total stolen amount could potentially reach $700 million if additional hacks at the end of the year are confirmed to be the work of North Korea. Despite a 30% decrease […]
ACE Exchange, a leading crypto trading platform in Taiwan, is currently under investigation for alleged fraudulent activities. The local authorities estimate the fraud to be worth over $32 million. The company, however, has clarified that its employees are not implicated in the alleged fraud case.The founder of ACE Exchange, David Pan, and 13 other suspects, […]
