Rootoshi
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11 months, 3 weeks agoUBS Takes Legal Action to Reclaim Millions in Bonuses from Former Credit Suisse Bankers
The Swiss bank, UBS, is intensifying its efforts to reclaim millions of bonus payments that were made to senior executives at Credit Suisse before its collapse. UBS has contacted hundreds of bankers from the…
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11 months, 3 weeks agoUK Financial Regulator Uses Cartoon to Educate Investors on Crypto Marketing Rules
The Financial Conduct Authority (FCA), the financial regulator in the United Kingdom, has released a minute-long animated video to educate investors about its marketing rules for cryptocurrency firms. The video,…
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11 months, 3 weeks agoGemini Earn Users Face Potential Losses of 39% in Crypto Investments
Gemini Earn users may only receive 61% of their crypto investments, according to a reorganization plan from Genesis, a defunct crypto lender. The plan has caused outrage among users, with some calling it…
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11 months, 3 weeks agoSwiss Asset Manager GAM Expects Continued Losses in 2023
Swiss asset manager GAM is expected to report another significant loss in 2023, as its new strategy will take time to take effect. Despite successfully fending off a takeover attempt by Liontrust and implementing a…
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11 months, 3 weeks agoGemini Earn Users Face Potential Losses in Proposed Reorganization Plan
Gemini creditors are facing a challenging situation with a proposed reorganization plan that could result in them recovering only a fraction of their original investments in Bitcoin. The plan, if accepted, could…
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11 months, 3 weeks agoYearn.finance Loses $1.4 Million in Treasury Due to Scripting Error
In a recent setback for Yearn.finance, a scripting error has resulted in a loss of $1.4 million from its treasury. The error occurred during the conversion of Yearn’s yVault LP-yCurve tokens into stablecoins on t…
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11 months, 3 weeks agoGemini Earn Creditors Face Drastic Bitcoin Payout Reductions in Proposed Reorganization Plan
Gemini Earn creditors are expressing frustration over a proposed reorganization plan that could significantly reduce their expected Bitcoin payouts. The plan, outlined in an email sent by Gemini Trust on December…
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11 months, 3 weeks agoUBS's Profits Soar to $7 Billion, Attracting Attention from Financial Investors
The UBS has seen a significant increase in its stock price following its acquisition of Credit Suisse. This success can be attributed to the interest of financial investors in the concept of a “Wealth Management P…
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11 months, 3 weeks agoSwiss Electrical Engineering Company R&S Group Makes Unique Entry into Stock Market
The Swiss industrial company R&S Group has defied the challenging IPO environment by going public through a Spac transaction. The company, specializing in electrical engineering, experienced a strong start on the…
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11 months, 3 weeks agoSEC Pushes for Cash Redemption Model for Spot Bitcoin ETFs
As the U.S. Securities and Exchange Commission (SEC) reviews filings for spot Bitcoin exchange-traded funds (ETFs), it is insisting on a “cash” redemption model rather than alternative models proposed by iss…
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11 months, 3 weeks agoNew Accounting Rule Change Boosts Corporate Adoption of Bitcoin and Crypto
Bitcoin and other cryptocurrencies may soon experience a surge in adoption by U.S.-based companies, thanks to a recent accounting rule change. The new rule allows companies to more accurately reflect the value of…
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11 months, 3 weeks agoBinance Files Motion to Dismiss SEC Case, Citing Lack of Relevance in DOJ Settlement
Binance has submitted two key filings in response to an ongoing case launched by the U.S. Securities and Exchange Commission (SEC). The first filing seeks to dismiss the case, arguing that the SEC has not provided…
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11 months, 3 weeks agoYearn.finance Loses $1.4 Million in Treasury Funds Due to Scripting Error
Decentralized finance protocol Yearn.finance has experienced a significant loss of funds due to a scripting error. The error caused the protocol’s treasury balance of lp-yCRVv2 tokens to be swapped, resulting in a…
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11 months, 3 weeks agoArgentina's New President Implements Peso Devaluation and Cuts Subsidies, Turning to Cryptocurrencies for Economic Stability
Argentina’s new President, Javier Milei, has announced a 50% devaluation of the Argentine peso and cuts to energy and transportation subsidies. This move is expected to worsen the country’s economic situation ini…
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11 months, 3 weeks agoNasdaq Shifts Focus to Carbon Markets with Blockchain Technology
Nasdaq, the largest stock exchange in the US, has decided to repurpose its blockchain technology developments after discontinuing its plans to launch a custodian business for digital assets due to regulatory…
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11 months, 3 weeks agoNew Accounting Rules Transform How Companies Handle Cryptocurrencies
The Financial Accounting Standards Board (FASB) has announced new rules that will significantly impact how U.S. companies account for cryptocurrencies like Bitcoin. Starting from December 15, 2024, companies will…
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11 months, 3 weeks agoBitcoin Miners Face Backlash Over Censorship of Blockchain Inscriptions
Loyal readers of The Protocol will recall our riff in last week’s issue, headlined “Bitcoin Censorship, or Just ‘Spam Filtering?’” The gist of the story is that some Bitcoin purists are trying to keep the oldest…
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11 months, 3 weeks agoOKX DEX Loses $2.7 Million in Hack Due to Private Key Leak
On December 13, OKX decentralized exchange (DEX) experienced a significant hack, resulting in a loss of $2.7 million. The breach occurred due to a leaked private key of the proxy admin owner. Unlike previous…
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11 months, 3 weeks agoNew US Accounting Rules Allow Realistic Valuation of Crypto Assets
Crypto companies and institutions holding crypto assets in the United States will soon be able to record the value of their assets more accurately, thanks to new accounting rules set by the Financial Accounting…
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11 months, 3 weeks agoNew Accounting Standards Enhance Transparency for Corporate Cryptocurrency Holdings
The Financial Accounting Standards Board (FASB) has announced new standards that will allow companies to use fair-value accounting for specific cryptocurrencies on their balance sheets. These standards, which will…
