modernsociety
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11 months, 1 week agoIRS Seeks $24 Billion from Defunct FTX Crypto Exchange, Impacting Payouts to Victims
The ongoing bankruptcy case of FTX, a defunct crypto exchange, has taken a complex turn with the Internal Revenue Service (IRS) seeking around $24 billion from the exchange. This amount has been reduced from the…
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11 months, 1 week agoDaiwa Securities and Progmat Collaborate to Revolutionize Bond Issuance with Blockchain Technology
Daiwa Securities has partnered with Progmat to develop a solution for issuing tokenized bonds, marking a significant step in modernizing the bond market. The collaboration involves the use of R3’s Corda b…
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11 months, 1 week agoBlockchain.com Adds Support for XRP, Boosting Adoption of the Token
The XRP community has received positive news as one of the leading crypto storage platforms, Blockchain.com, has added support for the token. This follows a recent ruling by Judge Analisa Torres, which provided…
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11 months, 1 week agoEl Salvador's Bitcoin Bonds Approved for Launch as Visa Program Attracts $153 Million
El Salvador’s Bitcoin bonds have received regulatory approval and are set to launch in the first quarter of 2024, according to the country’s National Bitcoin Office. The bonds, known as the Volcano Bond, are see…
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11 months, 1 week agoJulius Bär's Stock Market Performance Affected by Signa-Related Worries
Julius Bär, a Swiss private bank, is experiencing a decline in its stock value, which is causing concern among investors. The bank’s involvement in risky loans, particularly a CHF 606 million loan to a European co…
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11 months, 1 week agoUS Senators Rally to Crack Down on Illicit Use of Crypto with New Bill
The US authorities have proposed a bipartisan Digital Asset Anti-Money Laundering Act in response to the growing threat posed by the crypto industry to financial stability. The Act has gained support from a…
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11 months, 1 week agoGerman Insurance Companies Exposed to Billions in Debt from Signa Group
A German insurance group, Signal Iduna, is reported to have almost 1 billion euros in outstanding loans to the troubled Signa Group, an investment firm owned by René Benko. Other insurers, including Ergo, R+V,…
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11 months, 1 week agoEnjinstarter's AYA Platform Granted Conditional Crypto License by Dubai's VARA
Dubai’s Virtual Assets Regulatory Authority (VARA) has granted a conditional license to Enjinstarter’s AYA platform for offering crypto asset and investment services. The license is subject to certain con…
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11 months, 1 week agoSigna Financial Services: Key Player in Benko's Empire Faces Turmoil
A major shakeup occurred at Signa Financial Services as their operational chief was removed from his position amidst allegations of serious misconduct. This small but influential firm, consisting of a handful of…
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11 months, 1 week agoFisch Asset Management Appoints Second Leader for Convertible Bonds Team
Fisch Asset Management, a Zurich-based wealth management firm, has appointed Ivan Nikolov as the second leader of its convertible bond team. Starting in early 2024, Nikolov will co-lead the team alongside Thomas…
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11 months, 1 week agoTalent Drain at Credit Suisse as Competitors Attract Experienced Private Bankers
Experienced private bankers at Credit Suisse in Switzerland are still leaving for rival banks, despite UBS’s introduction of retention bonuses averaging CHF 100,000. The integration of the two banks last August p…
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11 months, 1 week agoCrypto Anti-Money Laundering Bill by Senator Elizabeth Warren Sparks Controversy and Concerns
Senator Elizabeth Warren’s proposed crypto Anti-Money Laundering bill has sparked controversy within the crypto industry. However, critics have pointed out that Warren’s bills have a history of not gaining tra…
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11 months, 1 week agoEl Salvador's Bitcoin Bonds Set to Launch in Early 2024
El Salvador has received regulatory approval for its long-awaited Bitcoin bonds, also known as “Volcano Bonds.” The bonds are expected to launch in early 2024, according to the National Bitcoin Office of El Sal…
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11 months, 1 week agoSouth Korea's Financial Services Commission Implements Interest Payments on Crypto Deposits to Enhance Investor Protection and Transparency
The Financial Services Commission (FSC) in South Korea has announced new regulations aimed at bolstering investor protection and promoting transparency in the cryptocurrency market. Under the revised regulations,…
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11 months, 1 week agoTether Freezes Crypto Wallets Linked to Sanctioned Individuals and Entities
Tether, the largest issuer of stablecoin USDT, has implemented a new policy to freeze crypto wallets associated with individuals and entities sanctioned by the US Treasury’s Office of Foreign Asset Control (…
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11 months, 1 week agoBinance to Discontinue Russian Ruble Trading Pairs as Part of Exit Strategy
Binance, the world’s largest cryptocurrency exchange, has announced that it will no longer support trading pairs involving the Russian Ruble (RUB) on its platform starting from January 31, 2024. This decision is p…
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11 months, 1 week agoSouth Korea Implements New Investor Protection Laws to Enhance Crypto Security
The Korean Financial Services Commission has introduced new investor protection laws to enhance the security of cryptocurrencies in South Korea. As part of these regulations, Korean Virtual Asset Service Providers…
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11 months, 1 week agoSBI Holdings and Saudi Aramco Explore Digital Asset Investment and Semiconductor Production Partnership
Japanese financial services firm SBI Holdings and Saudi Arabian state-owned oil company Saudi Aramco have signed a memorandum of understanding (MoU) to explore collaboration in digital asset investment and…
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11 months, 1 week agoSouth Korea Proposes New Crypto Regulations for NFTs, Interest on Deposits, and Cold Wallet Security
South Korea’s top financial regulator, the Financial Services Commission (FSC), has proposed new regulations for crypto assets, specifically targeting non-fungible tokens (NFTs), interest on deposits, and the s…
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11 months, 1 week agoBinance Founder Ordered to Stay in the US Until Sentencing, Terraform Labs Co-Founder Faces Extradition, EU Officials Reach Deal on AI Regulation, Almost a Thousand Crypto Exchanges Blocked in Kazakhstan, Blockchain Leadership Bill Passed in US House Committee
Binance founder Changpeng “CZ” Zhao has been ordered to stay in the United States until his sentencing in February 2024. A federal judge determined that there is a flight risk if Zhao is allowed to return to the…
