Rootoshi
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11 months, 2 weeks agoUBS and Credit Suisse: Bonuses Under Scrutiny
The Swiss financial regulator, Finma, has attributed the downfall of Credit Suisse to its compensation systems. According to a report by Finma, the bank’s bonus system failed to prevent losses or encourage good b…
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11 months, 2 weeks agoRipple and Metaco Merger Signals Operational Evolution and Potential Impact on XRP Community
Ripple and Metaco, two companies driving the adoption of the XRPL (XRP Ledger), are joining forces to offer tokenization and digital custody solutions to global banks. The recent appointment of Adrien Treccani,…
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11 months, 2 weeks agoHex Trust Integrates MetaMask Institutional to Enhance DeFi Access and Security
Hex Trust, an institutional-grade digital asset custodian, has integrated MetaMask Institutional (MMI) into its platform to provide users with direct access to over 17,000 decentralized finance (DeFi) applications.…
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11 months, 2 weeks agoUBS Strives to Make a Mark in US Investment Banking
The UBS, a Swiss bank, aims to establish a stronger presence in the US investment banking sector, but it currently plays second fiddle to Wall Street giants. Despite its ambitions, the UBS acknowledges that it will…
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11 months, 2 weeks agoMajor Financial Firms Accelerate Blockchain Adoption in Traditional Finance
Major financial firms such as JPMorgan and HSBC are increasing their involvement in blockchain technology, signaling a growing acceptance of distributed ledger technology (DLT) in traditional finance. In November,…
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11 months, 2 weeks agoBitcoin ETF Applicants Shift to Cash Redemption Model to Comply with SEC Regulations
Major applicants for a spot Bitcoin exchange-traded fund (ETF) in the United States are amending their filings to comply with the cash redemption model demanded by securities regulators. Investment manager…
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11 months, 2 weeks agoCredit Suisse Crisis Report Calls for Stronger Regulation and Sanctions
The Swiss Financial Market Supervisory Authority (FINMA) has released its report on the Credit Suisse crisis, calling for more sanctioning powers, stricter regulatory standards, and the ability to impose additional…
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11 months, 2 weeks agoBlackRock Files Updated Proposal for Bitcoin ETF, Boosting Approval Hopes
The world’s largest asset manager, BlackRock, has filed an updated proposal for a spot Bitcoin exchange-traded fund (ETF) in the hopes of securing approval from the Securities and Exchange Commission (SEC). The r…
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11 months, 2 weeks agoBlackRock's Revised Bitcoin ETF Proposal Boosts Approval Prospects
BlackRock, the world’s largest asset manager, has filed a revised proposal for a spot bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The update includes the i…
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11 months, 2 weeks agoCFTC Settles with Binance and Former CEO for $2.85 Billion in Landmark Crypto Case
The Commodity Futures Trading Commission (CFTC) has reached a settlement with CZ Zhao, the former CEO of Binance, and Binance itself, following a legal action against the cryptocurrency exchange. The US District…
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11 months, 2 weeks agoBlackRock Adds 'IBIT' Ticker and Confirms Cash Model in Spot Bitcoin ETF Update
BlackRock, the asset management company, has submitted a new amendment to the S-1 filing for its spot Bitcoin ETF, the iShares Bitcoin Trust. The latest filing includes several changes, including the addition of a…
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11 months, 2 weeks agoLeonteq Acquires 10% Stake in BX Swiss, Expanding Investment Solutions Ecosystem
Derivatives specialist Leonteq has acquired a 10% stake in Swiss stock exchange BX Swiss, paying a “single-digit million amount” for the shares. The investment will allow BX Swiss to benefit from Leonteq’s inves…
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11 months, 2 weeks agoSwiss Financial Regulator Under Scrutiny for Mishandling Credit Suisse Crisis
A recent report has shed light on the handling of the Credit Suisse (CS) crisis by the Swiss Financial Market Supervisory Authority (FINMA). The report, titled “Lessons Learned from the CS Crisis,” spans 89 pag…
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11 months, 2 weeks agoSwedish Investment Firm Cevian Capital Becomes Major Shareholder in UBS
Cevian Capital, a well-known Swedish investment firm, has become a major shareholder in UBS, one of the largest banks in Switzerland. The firm has invested 1.2 billion euros in UBS stocks, acquiring approximately…
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11 months, 2 weeks agoCredit Suisse Crisis: National Bank President's Early Intervention Ignored
The long-time president of the Swiss National Bank, Thomas Jordan, reportedly wanted to intervene at Credit Suisse much earlier than previously known. However, his concerns were not heeded. Months before the…
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11 months, 2 weeks agoRipple CEO Urges Industry Unity to Support Pro-Crypto Candidates in 2024 US Presidential Election
Ripple CEO Brad Garlinghouse is calling for unity within the crypto industry to support pro-crypto candidates in the upcoming 2024 US presidential election. He believes that it is crucial to counter the anti-crypto…
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11 months, 2 weeks agoUK Treasury Introduces Digital Securities Sandbox Regulations to Foster Crypto Innovation
UK Treasury has introduced Digital Securities Sandbox (DSS) regulations to create a controlled environment for testing new technology in financial markets. The rules allow the Treasury to modify or apply new…
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11 months, 2 weeks agoSEC Delays Approval of Grayscale, Hashdex, and Pando Crypto ETFs Amid Concerns of Market Manipulation
The U.S. Securities and Exchange Commission (SEC) has initiated additional proceedings regarding three proposed crypto exchange-traded funds (ETFs), effectively delaying their approval. The proceedings concern NYSE…
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11 months, 2 weeks agoRevolut Temporarily Suspends Crypto Services for UK Businesses in Response to FCA Regulations
Revolut, a leading fintech platform, will temporarily suspend certain cryptocurrency services for its UK business customers starting January 3, 2024. This decision is in response to the Financial Conduct…
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11 months, 2 weeks agoSEC Decision on Bitcoin Spot ETF Could Have Major Impact on Crypto Market
The cryptocurrency industry is eagerly awaiting the decision of the US SEC on the Bitcoin spot ETF applications, which is expected to be announced in mid-January. While many are optimistic about the approval of the…
