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1 year, 5 months agoCoinW Expands Presence in MENA Region with Strategic Moves in Dubai and Saudi Arabia
CoinW, the world’s pioneering cryptocurrency exchange, has recently strengthened its presence in the Middle East and North Africa (MENA) region. The company participated in two industry events, the DATE Fintech S…
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1 year, 5 months agoPhilippine SEC Head Clarifies Three-Month Ban on Binance and Other Unregistered Exchanges
The head of the Philippine Securities and Exchange Commission, Kelvin Lee, has clarified that the ban on cryptocurrency exchange Binance will come into effect three months after the advisory was issued. The…
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1 year, 5 months 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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1 year, 5 months 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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1 year, 5 months 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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1 year, 5 months 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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1 year, 5 months 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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1 year, 5 months 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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1 year, 5 months 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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1 year, 5 months 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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1 year, 5 months 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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1 year, 5 months 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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1 year, 5 months 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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1 year, 5 months 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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1 year, 5 months 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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1 year, 5 months 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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1 year, 5 months 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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1 year, 5 months 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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1 year, 5 months 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…
