modernsociety
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11 months, 1 week agoGrowing Senate Support for Warren Bill Raises Concerns Over Bitcoin Privacy and Infrastructure
Senator Elizabeth Warren’s proposed bill to regulate cryptocurrencies has gained support from five additional senators, including members of the Senate Banking, Housing and Urban Affairs Committee. The Digital A…
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11 months, 1 week agoUniswap Expands to Bitcoin Network Through Rootstock Integration
Decentralized exchange Uniswap has successfully expanded its operations to the Bitcoin blockchain by integrating with the Rootstock sidechain. This integration is a significant milestone for both Uniswap and…
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11 months, 1 week agoCoinbase Lists SEAM, the First Base Layer 2 Token, Boosting Seamless Protocol's DeFi Access
Coinbase has announced the listing of SEAM, the governance token of Seamless Protocol, on its platform. This makes SEAM the first Base Layer 2 token to be listed on Coinbase. Seamless Protocol is a decentralized…
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11 months, 1 week agoConio Partners with Coinbase to Bring Crypto Services to Italian Banks
Conio, a digital asset wallet owned by Italy’s postal service and Banca Generali, has partnered with Coinbase to bring a wide range of crypto services to the Italian banking space. With over 400,000 customers, C…
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11 months, 1 week agoJulius Bär Faces Potential Losses Due to Risky Loans
Julius Bär, a supposedly conservative private bank, is reportedly facing a potential disclosure regarding its expected profits. The bank’s profits are expected to be lower than anticipated due to a 600 million cr…
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11 months, 1 week agoPutin Predicts the End of Western Banking Dominance and the Rise of Bitcoin in BRICS Declaration
Russian President Vladimir Putin has made a bold prediction about the future of Western banking dominance and the rise of Bitcoin. Speaking at the VTB Investment Forum in Moscow, Putin stated that the era of…
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11 months, 1 week agoArvy, Swiss Asset Manager, Receives License from Finma and Launches Flagship Equity Strategy Fund
Swiss asset management boutique Arvy has received approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate as a wealth manager. The founding team, who previously worked for a multi-family…
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11 months, 1 week agoGoogle to Update Ad Policy for Bitcoin ETFs Ahead of Anticipated Approvals
Google is set to update its advertising policy in January 2024 to allow the promotion of Cryptocurrency Coin Trusts on its platform. This change will come into effect on January 29, 2024, and will apply globally.…
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11 months, 1 week agoUK Pension Fund Invests $20 Million in First Regulated Bitcoin Derivatives Exchange
The investment arm of UK-based pension fund M&G has invested $20 million in Global Futures & Options Holdings (GFO-X), the country’s first regulated Bitcoin derivatives exchange. This investment is part of a $30 m…
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11 months, 1 week agoRipple's Potential Role in Streamlining International Trade with eBL Interoperability
Swift, BNY Mellon, and Deutsche Bank are collaborating on a project to improve commercial efficiency by digitizing freight invoices using blockchain technology. The initiative aims to reduce fraud and costs…
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11 months, 1 week agoGerman Development Bank KfW to Launch Innovative Tokenized Bond in 2024
German development bank KfW is set to introduce a tokenized bond by 2024, following the successful issuance of a €20 million digital bond. This milestone was achieved through the use of Deutsche Börse’s Clea…
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11 months, 1 week agoAirline Industry Bounces Back, Approaching Pre-COVID Profit Levels
The Swiss bank Pictet has reached a settlement with the United States, agreeing to pay $123 million to resolve a long-standing tax dispute. This comes after years of legal battles between Swiss banks and the US…
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11 months, 1 week agoSouth Korean Regulator Sets Deadline for Interest on Digital Asset Deposits
The Financial Services Commission (FSC) in South Korea has announced new regulations for investors in digital assets. By July 2024, investors must receive interest when depositing funds into an exchange. However,…
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11 months, 1 week agoEl Salvador Launches Citizenship Program for Crypto Investors
El Salvador has introduced the “Adopting El Salvador Freedom Visa Program,” a citizenship-by-investment scheme aimed at attracting the crypto community. Under this program, individuals can obtain residency and pot…
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11 months, 1 week agoLiquidium Raises $1.25M in Pre-Seed Funding for Bitcoin Ordinal Lending, Pioneering New Frontier in Crypto Collateralization
Liquidium, a startup in the lending sector of Bitcoin, has successfully raised $1.25 million in pre-seed funding. This funding round is a significant milestone for the company as it aims to pioneer a new lending…
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11 months, 1 week agoUBS Hires J.P. Morgan Veteran as Global Co-Head of Equity Capital Markets
The Swiss major bank has acquired several advisory teams from Wall Street competitors in the US this year. Now, it is bringing in a veteran from the largest US bank. The US market is one of the most important…
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11 months, 1 week agoCredit Suisse Executives Join American Asset Manager Spectrum Asset Management
Two experienced executives from Credit Suisse have joined an American asset manager, Spectrum Asset Management. Isabel Faragalli has been appointed as the Managing Director of Investments, responsible for…
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11 months, 1 week agoCrypto Exchange HTX Loses $30 Million in Exploit, Investors Withdraw $258 Million
Crypto investors have been withdrawing their assets from the crypto exchange HTX (formerly known as Huobi) after a recent exploit that resulted in a loss of $30 million. Since the exchange resumed its services on…
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11 months, 1 week agoCrypto Lawyer Accuses Senator Warren of Misconduct in Oversight of SEC
A prominent crypto lawyer, John Deaton, has made serious allegations against Senator Elizabeth Warren regarding her oversight responsibilities of the Securities and Exchange Commission (SEC). Deaton claims that…
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11 months, 1 week agoSEC Files Unsealed Documents to Strengthen Binance Lawsuit
The U.S. Securities and Exchange Commission (SEC) has requested the court to consider newly unsealed documents in its lawsuit against cryptocurrency exchange Binance and its former CEO Changpeng Zhao (CZ). The SEC…
