gmc
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10 months, 3 weeks agoCharles Hoskinson's Past Criticism of XRP and Ongoing Feud with XRP Community Resurface Amidst Regulatory Woes
Cardano founder Charles Hoskinson is facing backlash for his past comments about XRP and its community. A year ago, Hoskinson stated that XRP had no technical or partnership value and labeled the XRP community as…
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10 months, 3 weeks agoUBS Urges Enhanced Financial Regulation Amidst Turmoil at Finma
The Swiss financial regulator, FINMA, is facing criticism and calls for stronger oversight in the aftermath of the Credit Suisse crisis. The regulator is set to release a comprehensive report on the lessons…
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10 months, 3 weeks agoRaiffeisen Switzerland Expands Blockchain Presence with SIX Digital Exchange Membership
The Swiss arm of the Raiffeisen banking group is set to join the SIX Digital Exchange (SDX), the trading platform and central securities depository (CSD). This move is aimed at further establishing Raiffeisen’s p…
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10 months, 3 weeks agoSwiss Bank Raiffeisen Joins SDX Digital Exchange for Digital Asset Trading
The Swiss digital exchange, SDX, has announced that Raiffeisen Schweiz, one of the largest banking groups in Switzerland, is joining its trading platform. This move comes as digital assets continue to gain…
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10 months, 3 weeks agoVontobel Bank Faces Challenges Amidst Departures and Declining Performance
Vontobel, a Swiss bank, is facing significant challenges as key employees leave and its performance falters. Patrick Sege, who led the sales team in the asset management division, recently resigned without a known…
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10 months, 3 weeks agoSwiss Union Leader Backs EU Framework Agreement for Mutual Benefits
The Swiss people’s concerns about immigration, job competition, and aggressive behavior from foreign neighbors have influenced their voting decisions. However, there are supporters of the framework agreement who a…
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10 months, 3 weeks agoImprovements in Swiss Banking Services for Retirees Abroad
Retirees considering a move abroad should take several factors into account. Firstly, it is crucial to research the entry and residency requirements of different countries, as these can vary significantly. Some…
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10 months, 3 weeks agoCryptocurrencies Ripple, Cardano, Hedera, and Stellar Lead the Way in Embracing ISO 20022 Standard
The financial ecosystem is undergoing a significant transformation with the emergence of the ISO 20022 standard. This global standard, designed by the International Organization for Standardization (ISO), aims to…
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10 months, 3 weeks agoFTX Creditors Face Significant Losses Under Revised Reorganization Plan
FTX, a defunct crypto exchange, has filed an amended Chapter 11 reorganization plan that could result in significant losses for its creditors. The plan proposes valuing the creditors’ claims based on crypto p…
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10 months, 3 weeks agoAnticipated Approval of Bitcoin Spot ETF Sparks Excitement in Crypto Market
The anticipation is building in the crypto world as the SEC’s decision on a spot Bitcoin ETF draws closer. SEC chairman Gary Gensler recently hinted that the approval process is underway, fueling excitement among i…
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10 months, 3 weeks agoTether Strengthens Transparency and Trust with Cantor Fitzgerald Partnership
Cantor Fitzgerald, a prominent Wall Street firm, has been confirmed as the custodian of Tether’s reserves, strengthening confidence in the popular stablecoin. With a market capitalization exceeding $90 billion, T…
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10 months, 3 weeks agoPalau Launches Second Phase of Stablecoin Project with XRPL, Revolutionizing Financial Transactions and Accessibility
The Republic of Palau is making significant progress in its stablecoin project, with the launch of the second phase powered by Ripple’s XRPL technology. The Palau Stablecoin (PSC) pilot program aims to improve f…
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10 months, 3 weeks agoPalau Launches Second Phase of Palau Stablecoin Program, Expanding Partnership with Ripple
The Ministry of Finance in Palau has launched the second phase of the Palau Stablecoin (PSC) Program. This program aims to establish a digital currency pegged to the U.S. dollar at a 1:1 ratio. The PSC is stored in…
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10 months, 3 weeks agoSouth Korea Exempts NFTs and CBDCs from Crypto Interest Regulation
South Korea has exempted non-fungible tokens (NFTs) and central bank digital currencies (CBDCs) from the crypto interest mandate. The Financial Services Commission (FSC) has released a notification stating that…
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10 months, 3 weeks agoFTX Debtors' Revised Reorganization Plan Sparks Controversy Over Valuation of Cryptocurrency Claims
FTX Debtors have submitted a revamped Plan of Reorganization, which deviates from FTX Trading’s original Terms of Service (TOS). The revised plan, filed recently, follows an agreement with creditor stakeholders r…
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10 months, 3 weeks agoNational Bank Struggles with Weakening Capital Amidst Swiss Franc Appreciation
The Swiss National Bank (SNB) is facing new challenges as it struggles to combat the appreciation of the Swiss franc. Despite successfully taming inflation, SNB President Thomas Jordan now finds himself lacking the…
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10 months, 3 weeks agoTether Bolsters Efforts to Combat Illicit Crypto Activities Through Enhanced Collaboration with Law Enforcement
Tether, the stablecoin issuer, is intensifying its efforts to combat illicit crypto activities through enhanced collaboration with law enforcement agencies. The company has shared letters sent to members of the…
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10 months, 3 weeks agoTether Freezes $435M USDT for U.S. Authorities in Bid to Strengthen Dollar Dominance
Tether, the world’s largest stablecoin issuer, has reportedly frozen $435 million USDT (USD-pegged tokens) for the U.S. Department of Justice (DOJ), Federal Bureau of Investigation (FBI), and Secret Service. The C…
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10 months, 4 weeks agoMillions of Dollars Worth of NFTs Stolen in Security Breach on Peer-to-Peer Trading Platform
A peer-to-peer trading platform called NFT Trader recently experienced a security breach, resulting in the theft of millions of dollars worth of nonfungible tokens (NFTs). The incident was confirmed by NFT Trader…
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10 months, 4 weeks agoCardano Community Issues Warning About Crypto Scam Targeting ADA Holders
The Cardano community has been alerted to a crypto scam targeting ADA holders. The scam involves a malicious Berry Pool scam event, where members are lured with fake NFTs and promises of ADA token rewards. The…
