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1 year, 5 months agoSafe, Sygnum, and CoinCover Collaborate to Launch Safe RecoveryHub, Revolutionizing Access to Digital Assets
Smart wallet infrastructure leader Safe has partnered with digital asset banking group Sygnum and recovery service provider CoinCover to introduce Safe RecoveryHub. This platform aims to address the challenge of…
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1 year, 5 months agoBlockchain Investigator ZachXBT Impersonated on Social Media, Caution Urged
Multiple fraudulent accounts have emerged on social media, posing as prominent blockchain investigator ZachXBT. This comes after the deactivation of his official account. Michael Khekoian, partnership director at…
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1 year, 5 months agoNigeria Lifts Restrictions on Crypto Transactions, Paving the Way for Intense Competition between Exchanges and P2P Merchants
The Central Bank of Nigeria (CBN) has lifted restrictions on Nigerian banks facilitating cryptocurrency transactions, according to a circular sent on Dec. 22. This move is expected to intensify competition between…
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1 year, 5 months agoHong Kong Regulators Open to Spot Crypto ETF Applications
Hong Kong’s financial regulatory bodies, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA), have announced that they are open to receiving applications for spot crypto e…
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1 year, 5 months agoEthereum's Growing Appeal for Enterprises: EEA Report Highlights Security, Decentralization, and Global Financial Interest
The Ethereum Enterprise Alliance (EEA) has released its latest assessment of Ethereum’s readiness for enterprise use. The report highlights Ethereum’s strong ecosystem, security, and decentralization as key adv…
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1 year, 5 months agoSEC Sets Year-End Deadline for Bitcoin ETF Changes, Approvals Expected in January
The Securities and Exchange Commission (SEC) has set a strict year-end deadline for final changes to spot Bitcoin exchange-traded funds (ETFs). The SEC officials have confirmed that the first wave of approvals for…
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1 year, 5 months agoUBS Strives to Make Mark in US Investment Banking, But Wall Street Dominance Remains
UBS, the Swiss banking giant, is aiming to establish itself as a major player in the American investment banking market, but it acknowledges that it will always play second fiddle to the Wall Street giants. Despite…
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1 year, 5 months agoUBS to Cut Credit Suisse Investment Banking Jobs in Spain
UBS is set to cut around two-thirds of Credit Suisse’s investment banking jobs, with the latest casualties being in Spain. According to Bloomberg, UBS plans to eliminate all 147 jobs at Credit Suisse’s inv…
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1 year, 5 months agoZurich Cantonal Bank introduces new fees for credit cards and foreign currency transactions
The Zürcher Kantonalbank (ZKB) has announced changes to its pricing structure for personal accounts and banking packages. Starting from 2024, the bank will no longer charge annual fees for personal accounts and…
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1 year, 5 months agoTurkey's Central Bank Appoints Crypto Expert to Monetary Body
Turkey’s President Recep Tayyip Erdoğan has appointed Professor Fatma Ozkul, an expert in crypto assets and blockchain technology, to the central bank’s monetary body. Ozkul, a lecturer at Marmara University in I…
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1 year, 5 months agoNigeria Lifts Ban on Crypto Transactions, Opening Doors for Financial Institutions
The Central Bank of Nigeria (CBN) has lifted the ban on cryptocurrency transactions in the country, allowing Nigerian banks and financial institutions to resume operations with cryptocurrency service providers. The…
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1 year, 5 months agoSergio Ermotti Takes on Challenge of Leading Risky Credit Suisse Takeover
Sergio Ermotti, the former CEO of UBS, has returned to the Swiss banking giant to oversee its acquisition of struggling rival Credit Suisse. The merger, aimed at preventing a global banking crisis, is a high-stakes…
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1 year, 5 months agoUBS CEO Sergio Ermotti Highlights Risks and Opportunities in Credit Suisse Takeover
2024 is set to be a crucial year for the takeover of Credit Suisse by UBS, as the two banks merge operations across more than 50 countries. UBS CEO Sergio Ermotti highlighted the migration of IT systems as the…
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1 year, 5 months agoSwiss National Bank Launches Pilot Project for Wholesale CBDC on SIX Digital Exchange
The Swiss National Bank (SNB) has announced that it will be launching a pilot project called Helvetia Phase III, which will involve the use of central bank digital currency (CBDC) on the SIX Digital Exchange (SDX)…
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1 year, 5 months agoCircle Receives Conditional Registration as Digital Asset Service Provider in France
Stablecoin issuer Circle has announced that it has received conditional registration under France’s cryptocurrency laws. This marks a significant regulatory stride for the company as it aims to comply with the E…
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1 year, 5 months agoPaxos Receives Regulatory Approval to Expand Stablecoin Products to Solana Blockchain
The leading stablecoin issuer Paxos has received regulatory approval to expand its products to the Solana blockchain, which it plans to launch on Jan. 17, 2024. This expansion is a significant step for Paxos, as it…
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1 year, 5 months agoPaxos Expands Stablecoin Issuance to Solana Blockchain, Boosting Solana's Growth
Paxos, a blockchain and tokenization infrastructure platform, is expanding its stablecoin issuance to the Solana blockchain, marking its first expansion beyond Ethereum. Solana was chosen for its fast transaction…
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1 year, 5 months agoPaxos Receives Approval to Expand Stablecoin Operations to Solana Blockchain
Stablecoin issuer Paxos has received approval from the New York Department of Financial Services (DFS) to expand its operations to the Solana blockchain. This move comes after a thorough review process by the DFS,…
