Rootoshi
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11 months, 2 weeks agoUBS CEO Sergio Ermotti Celebrates Grand Opening of Mandarin Oriental Savoy Hotel
Sergio Ermotti, the CEO of UBS, is being hailed as the smartest manager in Switzerland. Despite his lackluster rhetoric, he wields immense power and is often referred to as the king of Paradeplatz, the financial…
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11 months, 2 weeks agoJulius Bär Executives Linked to Controversial Figure Benko: A Tale of Luxury and Scandal
In the case of Benko, the leadership at Julius Bär seems to have adopted a “blame everyone” approach, ensuring that no one takes responsibility. One individual who fits into this narrative is Luigi Vignola, the…
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11 months, 2 weeks agoCredit Suisse's Capital Shortfall Revealed in Financial Regulator's Report
A recent report by the Swiss Financial Market Supervisory Authority (FINMA) has revealed that Credit Suisse’s parent bank had lower capitalization than expected, which had negative consequences for the bank d…
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11 months, 2 weeks agoBinance's Law Enforcement Portal Breached, Access Sold on Dark Web
A hacker going by the name “Miembro” has recently posted on Breach Forums, offering to sell access to Binance’s law enforcement request panel for $10,000 in Bitcoin or Monero. This access supposedly provides priva…
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11 months, 2 weeks agoAlchemy Pay Partners with Worldpay to Enable Cryptocurrency Purchases with Credit and Debit Cards
Singaporean fintech firm Alchemy Pay has announced a partnership with UK-based payment processor Worldpay. This collaboration will allow Alchemy Pay users to access Worldpay’s Visa and Mastercard payment rails f…
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11 months, 2 weeks agoBitnomial Receives Clearinghouse License from CFTC, Becomes Regulated Vertically Integrated Market Structure
The United States Commodity Futures Trading Commission (CFTC) has granted Bitnomial, a digital asset derivative exchange, a clearinghouse license. This license adds to Bitnomial’s existing derivatives exchange a…
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11 months, 2 weeks agoIOSCO Releases Policy Recommendations for DeFi Regulation
The International Organization of Securities Commissions (IOSCO) has released a set of policy recommendations aimed at promoting consistency in regulatory oversight across jurisdictions. These recommendations,…
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11 months, 2 weeks agoBitcoin Bull Michael Saylor Claims Spot Bitcoin ETF Approval Could Be the Biggest Wall Street Development in 30 Years
Bitcoin bull Michael Saylor believes that the approval of a spot Bitcoin exchange-traded fund (ETF) could be the most significant development on Wall Street in 30 years. Saylor compared it to the creation of the…
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11 months, 2 weeks agoSenators Warren and Marshall Collaborate with Big Banks on Controversial Anti-Crypto Bill
Big banks have reportedly played a role in the drafting of a controversial anti-crypto bill by United States Senators Roger Marshall and Elizabeth Warren. In a video that surfaced on social media, Senator Marshall…
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11 months, 2 weeks agoFTX Debtors and FTX Digital Markets Collaborate to Simplify Bankruptcy Proceedings and Enhance Customer Recovery
In a significant development for those affected by the collapse of the FTX Group, an agreement has been reached between the debtors of FTX and its subsidiary, FTX Digital Markets. This agreement aims to simplify…
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11 months, 2 weeks agoAnticipation Builds for Spot Bitcoin ETF Approval by January 10
Galaxy Digital’s CEO, Mike Novogratz, predicts that a spot Bitcoin ETF will be approved by January 10, 2024. He believes that the approval will happen before this date to avoid any legal trouble with Grayscale a…
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11 months, 2 weeks agoFTX and Bahamas Subsidiary Reach Global Settlement for Customer Reimbursement
FTX Trading Ltd. and its subsidiary, FTX Digital Markets, have reached a global settlement to address the challenges arising from the collapse of the FTX group in November 2022. The settlement is subject to…
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11 months, 2 weeks agoCountries Around the World Embrace Bitcoin as Legal Tender and Investment Opportunity
El Salvador has become the first country to adopt bitcoin as legal tender, using it as a means to boost its economy. President Nayib Bukele has received regulatory approval to launch a bitcoin-backed “volcano b…
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11 months, 2 weeks agoCrypto Industry Mobilizes Support for Crypto-Friendly Candidates in 2024 Elections
The US cryptocurrency industry is rallying behind political candidates who support crypto-friendly policies. Through the Fairshake Political Action Committee (PAC), a non-profit organization advocating for social…
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11 months, 2 weeks agoCrypto Industry Mobilizes Support for Crypto-Friendly Candidates in 2024 Elections
The US cryptocurrency industry is rallying behind political candidates who support crypto-friendly policies. Through the Fairshake Political Action Committee (PAC), a non-profit organization advocating for social…
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11 months, 2 weeks agoOKX Urges iOS Users to Update Immediately for Enhanced Account Protection
A security vulnerability in the iOS applications of cryptocurrency exchange OKX has been identified by blockchain security firm CertiK. The flaw could potentially allow hackers to gain unauthorized access to…
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11 months, 2 weeks agoRevelations of Pre-Mined ETH Distribution Threaten Ethereum's Stability
More details have emerged about Ethereum’s Initial Coin Offering (ICO), with revelations from an insider that could potentially destabilize the Ethereum ecosystem. Former Ethereum core developer Lane Rettig r…
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11 months, 2 weeks agoUK Allows FCA and Bank of England to Launch Digital Securities Sandbox
The United Kingdom has introduced new regulations that allow the Financial Conduct Authority (FCA) and the Bank of England (BoE) to operate a sandbox for tokenized securities. The Digital Securities Sandbox (DSS)…
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11 months, 2 weeks agoSwiss Bankers Association Cautious in Response to Finma's Analysis of Credit Suisse Crisis
The Swiss Bankers Association (SBVg) has responded cautiously to the lessons learned from the Credit Suisse crisis, staying true to its previous stance that a thorough analysis is necessary before any potential…
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11 months, 2 weeks agoExtradition Approval for Terraform Labs Founder Do Kwon Revoked Due to Procedural Irregularities
The Appellate Court of Montenegro has revoked the extradition approval for Do Kwon, the founder of Terraform Labs, following an appeal by his defense attorneys. The court cited procedural irregularities in the…
