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11 months agoCourt Orders Freeze on Assets of Three Arrows Capital Founders in Bankruptcy Case
A British Virgin Islands court has issued a freeze on assets belonging to the founders of Three Arrows Capital (3AC), a major crypto firm. The court order, which follows a similar move by the Singapore Court,…
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11 months agoSwitzerland and UK Sign Financial Services Agreement to Strengthen Cooperation
The Swiss Federal Councillor Karin Keller-Sutter and the British Chancellor Jeremy Hunt have signed the “Berne Financial Services Agreement” to bring the two financial centers closer together. The agreement aim…
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11 months agoFounders of Crypto Hedge Fund 3AC Have $1 Billion in Assets Frozen
A court in the British Virgin Islands has frozen $1 billion in assets belonging to the founders of collapsed crypto hedge fund, Three Arrows Capital (3AC). The court order prohibits co-founders Su Zhu and Kyle…
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11 months agoFinpact Receives License as Asset Manager for Digital Wealth Management for Clients Over 50
Finpact, a spin-off of the University of St. Gallen, has been granted a license as an asset manager by the financial regulator. The company specializes in digital wealth management for customers aged 50 and above,…
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11 months agoRevolut to Suspend Crypto Services for UK Business Clients Amid New FCA Regulations
Revolut, a digital bank, has announced that it will suspend some of its cryptocurrency services for its business clients in the United Kingdom. This decision comes as the company prepares for stricter regulations…
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11 months agoRussia Integrates Digital Ruble into Tax Code, Grants Authorities Powers Over CBDC Accounts
Russia has taken a significant step towards the implementation of its central bank digital currency (CBDC), the digital ruble, by integrating it into the nation’s tax code. President Vladimir Putin signed the new l…
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11 months agoUAE Financial Watchdog Updates AML Rules to Include Digital Assets
The Financial Services Regulatory Authority (FSRA) in the United Arab Emirates has made updates to its Anti-Money Laundering and sanctions rules, specifically related to digital assets. The revisions, announced on…
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11 months agoSurvey Reveals 40% of US Investors Considering Adding Bitcoin and Ripple's XRP to Their Portfolios
A recent survey conducted by crypto asset manager Grayscale reveals that 40% of American investors are considering adding digital assets to their investment portfolios in the future. This indicates a shifting trend…
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11 months agoThree Arrows Capital Founders' Assets Frozen in $1 Billion Court Order
A British Virgin Islands court has issued a freezing order on approximately $1 billion worth of assets belonging to the founders of Three Arrows Capital (3AC), a cryptocurrency hedge fund that faced a significant…
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11 months agoWorldcoin Discontinues Offline Orb Verification in India, Brazil, and France
Worldcoin, a cryptocurrency company, has reportedly disabled its offline orb verification function in India, Brazil, and France. The company had introduced the Orb, a five-pound chromatic helmet that scans…
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11 months agoMoody's Downgrades Credit Rating of Julius Bär Bank Due to High Risk Appetite and Concentration
The powerful rating agency Moody’s has downgraded the credit rating for Bank Julius Bär following the Signa debacle. The reasons cited for the downgrade are the group’s high risk appetite and risk conc…
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11 months agoFormer Credit Suisse President Joins Warburg Pincus in Bid for Altice's Portuguese Telecom Business
Nach seinem Rücktritt von der Credit Suisse bleibt der ehemalige Präsident António Horta-Osório in der Welt der Hochfinanz aktiv. Er hat sich mit der US-Investmentbank Warburg Pincus zusammengetan, um ein Gebot von…
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11 months agoUK and Switzerland to Strengthen Financial Services Ties with Post-Brexit Agreement
The United Kingdom and Switzerland are set to establish a new post-Brexit agreement on financial services. The agreement, titled “Mutual Recognition Agreement for Conformity Assessments,” aims to strengthen and bri…
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11 months agoUphold Delists Dogecoin, Shiba Inu, and Cardano in Compliance with Canadian Regulations
Uphold, a popular cryptocurrency exchange, has announced that it will delist several cryptocurrencies, including Dogecoin, Shiba Inu, and Cardano. The move is part of a larger “delisting spree” by Uphold, which aim…
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11 months agoSingapore Crypto Hedge Fund Founders' Assets Frozen in Bankruptcy Saga
The founders of Singapore-based cryptocurrency hedge fund Three Arrows Capital (3AC) have had over a billion dollars of their assets frozen by a court in the British Virgin Islands. The court has banned co-founders…
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11 months agoUS Appeals Court Confiscates Over 69,000 Bitcoin from Silk Road Dark Web Marketplace
A U.S. appeals court has finalized the legal process to confiscate over 69,000 Bitcoin and other cryptocurrencies from Silk Road, a defunct dark web marketplace. The court ruling affirms the transfer of the Bitcoin…
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11 months agoUBS CEO Advocates for Merger with Credit Suisse to Strengthen Swiss Financial Sector
The CEO of UBS, Sergio Ermotti, believes that the new UBS is currently misunderstood but ultimately a positive force. He is a fan of science fiction and is in top rhetorical form as the year comes to an end.Ermotti…
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11 months agoSwiss Bank Increases Interest Rates to Attract Savers
The Migros Bank, a Swiss institution with a large customer base, is making efforts to attract customers and make saving more attractive. Starting from January 1, 2024, the bank will increase the interest rate on…
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11 months agoCAT Financial Products Expands with New Office in Lugano
Zurich-based financial boutique CAT Financial Products (CATFP) is expanding its presence in Switzerland with the opening of a new office in Lugano. This move marks the third location for CATFP, following Zurich and…
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11 months agoHistoric Zurich Hotel Reopens with Mandarin Oriental as UBS Takes Over
The historic Baur en Ville hotel in Zurich has reopened its doors after undergoing extensive renovations. The hotel, which was originally opened in 1838 by Johannes Baur, has a rich history and is now under the…
