modernsociety
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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…
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11 months, 2 weeks agoWeb3 Venture Builder and Charity Collaborate to Revolutionize Charitable Giving
BlockDown Festival, in collaboration with BlockShow, is set to bring a Web3 event to Hong Kong in May 2024. The conference, supported by Cointelegraph, will take place at Cyberport, a renowned venue for Web3…
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11 months, 2 weeks agoCrypto Leaders Invest $78 Million in US PACs to Shape Pro-Tech Legislation
Crypto leaders in the United States have raised a total of $78 million for super PACs, with the aim of increasing the presence of lawmakers who are friendly towards the cryptocurrency industry. The entities that…
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11 months, 2 weeks agoTether's USDT Discount on Exchanges Reaches 5-Month High Amid Collaboration with US Authorities
Tether’s USDT stablecoin discount on centralized exchanges like Binance and Coinbase has reached its highest point in five months. This comes after Tether revealed its collaboration with US authorities, which has s…
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11 months, 2 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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11 months, 2 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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11 months, 2 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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11 months, 2 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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11 months, 2 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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11 months, 2 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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11 months, 2 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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11 months, 2 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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11 months, 2 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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11 months, 2 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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11 months, 2 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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11 months, 2 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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11 months, 2 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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11 months, 2 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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11 months, 2 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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11 months, 2 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…
