modernsociety
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11 months, 2 weeks agoCFTC Settles with Binance and Former CEO for $2.85 Billion in Landmark Crypto Case
The Commodity Futures Trading Commission (CFTC) has reached a settlement with CZ Zhao, the former CEO of Binance, and Binance itself, following a legal action against the cryptocurrency exchange. The US District…
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11 months, 2 weeks agoBlackRock Adds 'IBIT' Ticker and Confirms Cash Model in Spot Bitcoin ETF Update
BlackRock, the asset management company, has submitted a new amendment to the S-1 filing for its spot Bitcoin ETF, the iShares Bitcoin Trust. The latest filing includes several changes, including the addition of a…
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11 months, 2 weeks agoLeonteq Acquires 10% Stake in BX Swiss, Expanding Investment Solutions Ecosystem
Derivatives specialist Leonteq has acquired a 10% stake in Swiss stock exchange BX Swiss, paying a “single-digit million amount” for the shares. The investment will allow BX Swiss to benefit from Leonteq’s inves…
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11 months, 2 weeks agoSwiss Financial Regulator Under Scrutiny for Mishandling Credit Suisse Crisis
A recent report has shed light on the handling of the Credit Suisse (CS) crisis by the Swiss Financial Market Supervisory Authority (FINMA). The report, titled “Lessons Learned from the CS Crisis,” spans 89 pag…
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11 months, 2 weeks agoSwedish Investment Firm Cevian Capital Becomes Major Shareholder in UBS
Cevian Capital, a well-known Swedish investment firm, has become a major shareholder in UBS, one of the largest banks in Switzerland. The firm has invested 1.2 billion euros in UBS stocks, acquiring approximately…
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11 months, 2 weeks agoCredit Suisse Crisis: National Bank President's Early Intervention Ignored
The long-time president of the Swiss National Bank, Thomas Jordan, reportedly wanted to intervene at Credit Suisse much earlier than previously known. However, his concerns were not heeded. Months before the…
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11 months, 2 weeks agoRipple CEO Urges Industry Unity to Support Pro-Crypto Candidates in 2024 US Presidential Election
Ripple CEO Brad Garlinghouse is calling for unity within the crypto industry to support pro-crypto candidates in the upcoming 2024 US presidential election. He believes that it is crucial to counter the anti-crypto…
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11 months, 2 weeks agoUK Treasury Introduces Digital Securities Sandbox Regulations to Foster Crypto Innovation
UK Treasury has introduced Digital Securities Sandbox (DSS) regulations to create a controlled environment for testing new technology in financial markets. The rules allow the Treasury to modify or apply new…
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11 months, 2 weeks agoSEC Delays Approval of Grayscale, Hashdex, and Pando Crypto ETFs Amid Concerns of Market Manipulation
The U.S. Securities and Exchange Commission (SEC) has initiated additional proceedings regarding three proposed crypto exchange-traded funds (ETFs), effectively delaying their approval. The proceedings concern NYSE…
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11 months, 2 weeks agoRevolut Temporarily Suspends Crypto Services for UK Businesses in Response to FCA Regulations
Revolut, a leading fintech platform, will temporarily suspend certain cryptocurrency services for its UK business customers starting January 3, 2024. This decision is in response to the Financial Conduct…
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11 months, 2 weeks agoSEC Decision on Bitcoin Spot ETF Could Have Major Impact on Crypto Market
The cryptocurrency industry is eagerly awaiting the decision of the US SEC on the Bitcoin spot ETF applications, which is expected to be announced in mid-January. While many are optimistic about the approval of the…
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11 months, 2 weeks agoCryptocurrency Industry Leaders Launch $78 Million PAC Fund for 2024 Elections
As the 2024 election cycle approaches, three political action committees (PACs) backed by influential figures in the cryptocurrency industry are preparing to make a significant impact with a $78 million war chest.…
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11 months, 2 weeks agoCrypto Industry Mobilizes to Influence 2024 US Elections
A group of super PACs, backed by cryptocurrency executives and investors, has raised around $78 million to support pro-crypto political candidates in the 2024 US elections. This initiative aims to sway the…
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11 months, 2 weeks agoCoinbase Expands Services in Singapore with USD Transfers via SWIFT
Crypto exchange Coinbase has expanded its services in Singapore by announcing support for USD transfers. Retail customers in Singapore can now deposit or withdraw USD using their Coinbase accounts through the SWIFT…
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11 months, 2 weeks agoCoinbase CEO Challenges SEC's Rejection of Crypto Regulation Petition
Brian Armstrong, the CEO of Coinbase, has responded positively to the US Securities and Exchange Commission’s (SEC) decision to dismiss the company’s petition for a new regulatory framework for digital assets. Coi…
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11 months, 2 weeks agoRevolut Halts Cryptocurrency Purchases on UK Business Platform to Comply with New Regulations
Neobank Revolut will temporarily suspend cryptocurrency purchases on its business platform in the UK starting from the new year. The decision comes as the company aims to comply with new regulations set by the…
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11 months, 2 weeks agoCoinbase Expands Services in Singapore with Support for USD Transfers
Crypto exchange Coinbase has expanded its services in Singapore by announcing support for USD transfers. Retail customers in Singapore can now deposit or withdraw USD using their Coinbase accounts through the SWIFT…
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11 months, 2 weeks agoRevolut Suspends Crypto Services for UK Businesses Amid Regulatory Changes
Revolut, a fintech firm, has announced that it will temporarily suspend its cryptocurrency trading services for business clients in the UK. This decision comes in response to upcoming regulatory changes by the…
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11 months, 2 weeks agoPalau Ministry of Finance Launches Second Phase of Palau Stablecoin Initiative with Ripple's CBDC Technology
The Ministry of Finance of Palau has launched the second phase of the Palau Stablecoin (PSC) initiative. The PSC is a stablecoin that is fully backed by US dollar cash balances and is issued and managed by the…
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11 months, 2 weeks agoSEC Denies Coinbase's Petition for Crypto Rulemaking, Citing Existing Laws and Regulatory Timing
The US Securities and Exchange Commission (SEC) has rejected a petition from Coinbase, the largest crypto exchange in the US, seeking exemptions for certain crypto assets to be treated as commodities rather than…
