modernsociety
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11 months, 1 week 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, 1 week 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, 1 week 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, 1 week 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…
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11 months, 1 week agoFDIC Implements New Rules to Combat Misleading Advertising by Crypto Firms
The Federal Deposit Insurance Corporation (FDIC) of the United States has implemented a new rule that will impact the public perception of certain cryptocurrency firms. The FDIC’s board of directors has finalized r…
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11 months, 1 week agoChina and Saudi Arabia Spearhead Global Shift Away from US Dollar, Is Bitcoin the Next Frontier?
In recent years, there has been a significant shift in the global economic ecosystem as emerging powers challenge the dominance of the US dollar in international trade. China and Saudi Arabia, key players in the…
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11 months, 1 week agoSEC Holds Meetings with Grayscale and BlackRock as Bitcoin ETF Approval Hopes Rise
The U.S. Securities and Exchange Commission (SEC) has been holding meetings with Grayscale and BlackRock regarding the approval of Bitcoin ETF applications. Grayscale’s meeting focused on a proposed rule change t…
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11 months, 1 week agoRipple's XRP Emerges as a Potential Game Changer for Instant Payments in the US
Ripple’s XRP has emerged as a potential solution to the problems of instant payments in the United States. While the country lags behind others in implementing an effective instant payments system, XRP offers an e…
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11 months, 1 week agoFirst-ever Cross-Border Settlement for Digital Yuan CBDC in Precious Metals
The Bank of China’s Shanghai branch has successfully completed the first-ever cross-border settlement for precious metals using the digital yuan central bank digital currency (e-CNY CBDC). The settlement, which t…
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11 months, 1 week agoBitcoin Price Could Reach All-Time High in Four Months, Says Crypto Expert
Bitcoin (BTC) has been performing exceptionally well, surpassing traditional financial institutions with a market cap of around $841 billion. Despite regulatory crackdowns, Bitcoin continues to attract significant…
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11 months, 1 week agoBitcoin NFTs Drive Up Transaction Fees and Spark Mainstream Frenzy
Ordinals inscriptions, also known as “NFTs on Bitcoin,” have become a popular trend in recent weeks. While they are loved by fans and appreciated by miners looking to make a profit, they have also faced cri…
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11 months, 1 week agoBitfinex Securities Raises $5.2 Million in Groundbreaking Tokenized Bond for Microfinance Industry
Bitfinex Securities has successfully raised $5.2 million through one of the world’s first tokenized bonds. The bond, issued by Alternative, a securitization fund under microfinancing platform Mikro Kapital, was d…
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11 months, 1 week agoSouth Korean Financial Supervisor to Meet with SEC Chair to Discuss Crypto Regulation
The head of South Korea’s Financial Supervisory Service (FSS), Lee Bok-hyun, is reportedly planning to meet with the chair of the United States Securities and Exchange Commission (SEC), Gary Gensler, to discuss c…
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11 months, 1 week agoXRP Price Rally in 2024: Analysts Predict Significant Growth Amid Legal Victories and Political Support
XRP, the native cryptocurrency of Ripple, has experienced significant developments in 2023. The token has seen ups and downs, with a notable rally in July that pushed the price above $0.80. The future price of XRP…
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11 months, 1 week agoLedger to Fully Compensate Victims of $600K ConnectKit Exploit and Disable Blind Signing for EVM dApps by June 2024
Hardware wallet provider Ledger has announced that it will fully compensate users who were impacted by a recent vulnerability in its ConnectKit library. The compromise resulted in the theft of approximately…
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11 months, 1 week agoRipple Establishes EU Base in Ireland Ahead of Crypto Regulation Rollout
Ripple, a leading digital asset company, has chosen Ireland as its base in the European Union (EU) in preparation for the implementation of the EU’s Markets in Crypto-Assets (MiCA) regulation. This move d…
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11 months, 1 week agoInternational Securities Regulators Issue DeFi Policy Recommendations to Safeguard Investors and Market Integrity
The International Organization of Securities Commissions (IOSCO) has released a report providing policy recommendations for Decentralized Finance (DeFi). The aim is to address potential risks to market integrity…
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bob wrote a new post
11 months, 1 week agoInternational Securities Regulators Issue DeFi Policy Recommendations to Safeguard Investors and Market Integrity
The International Organization of Securities Commissions (IOSCO) has released a report providing policy recommendations for Decentralized Finance (DeFi). The aim is to address potential risks to market integrity…
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bob wrote a new post
11 months, 1 week agoSolend Expands to Sui Blockchain, Boosting DeFi Momentum
Solend, the leading lending and borrowing protocol on Solana, has announced its upcoming launch on the Sui blockchain. This marks Solend’s first expansion onto a blockchain other than Solana and demonstrates t…
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11 months, 1 week agoSwiss Financial Managers Achieve Rare Success in Spac Industry
Two well-known financial managers in Switzerland have successfully brought a Spac shell company to fruition, a feat that many of their competitors have not been able to achieve. VT5, the first and only Swiss Spac…
