UBS and Swiss government strike a loss protection agreement over Credit Suisse take over
UBS and Swiss government have agreed to protect the investors amid the takeover of the collapsed banking giant Credit Suisse. The two announced on June 9, 2023, that they reached an agreement, which will take effect once the takeover of Credit Suisse is completed.
Tech CEOs want A.I. paused so they can catch up- Palantir CEO
Karp is opposed to the idea that tech CEOs are genuinely concerned with the after-effects and risks of A.I. He believes that these leaders are calling regulators and governments to stop or pause A.I. products so they can catch up and remain competitive.
Binance.US customers denied a USD fiat ramp by their banks
More pain for Binance.US customers as banks have decided to move away from the exchange in light of the SEC court battle. They have withdrawn their services of powering the Binance USD fiat ramp, making it impossible to withdraw or deposit USD to the exchange anymore.
U.K. imposes stricter crypto advertisement rules
The U.K. continues to crack down on crypto advertisements as the FCA introduces newer and stricter regulations. The regulator seeks to abolish the refer-a-friend bonus program used for advertising crypto projects, alleging that it hinders the chance for people to decide whether or not they want to be part of a project.
Gary Gensler was allegedly rejected as Binance advisor in 2019
Per Binance lawyers, Gary Gensler had applied to be an advisor for the exchange in 2019 but was rejected. They allege that the decision by the company to go with another person could have hurt Gensler and motivated him to go after the exchange after he was given power as the Chair of SEC.
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Hot Stories
Bittrex files for bankruptcy in the US weeks after SEC lawsuit
Bittrex crypto exchange has revealed that they have filed for bankruptcy, and the Treasury’s Office of Foreign Assets Control is its largest creditor.
Bitcoin Ordinals to hit Binance NFT Marketplace
Binance has announced that it will enable the trading of Bitcoin Ordinals NFTs in its marketplace via a recent announcement. It has stated that it will allow investors to trade their Ordinals NFTs using the already existing wallets.
Fed policies are affecting trust in US Banks; Family Offices are also wary of crypto
The ongoing banking collapse is sending shivers down the spines of US investors as they are losing trust in the policies that the Fed has been issuing. This has been seen via an increasing number of Short sellers in the stock market and bank withdrawals sending major banks under.
Coinbase seeks to introduce an international presence in UAE
Coinbase Executives have visited the United Arab Emirates to see if the country would be favorable to setting up their global presence. Due to regulatory uncertainties, the crypto exchange has been looking for alternatives to the U.S. and now is weighing whether the UAE could be a perfect match for it.
The Fed will most likely pause hikes, but that doesn’t mean its the end of the cycle- Standard Chartered CEO
Standard Charted CEO has commented on the likelihood of the U.S. Federal Reserve ( Fed) temporarily pausing interest rate hikes temporarily. However, he has added that he does not expect the end of the rate hikes cycle to be anytime soon as inflation is still running...
Meme coins season drives Bitcoin and Ethereum transaction fees to multi-year highs
Meme coins season is driving Ethereum and Bitcoin transaction fees up as investors are largely dealing with the two networks. Many developers use the Ethereum network to host the coins as smart contracts, which means a spike in the usage of the smart contracts...