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Banking Giants Crédit Agricole, Santander Seek to Provide Crypto Custody Under French Registration
25.6.2023
A subsidiary co-owned by Crédit Agricole and Santander has registered as a digital asset service provider in France. The registration of Caceis, a company that specializes in offering financial services to institutional investors, allows the two major European banks to tap into the crypto market....
Record High Credit Card Debt: 55% of Americans Concerned About Repayment as Inflation Pushes Consumers to Credit Reliance
24.6.2023
According to a Newsweek poll conducted by Redfield & Wilton Strategies, 55% of Americans are “very” or “fairly” concerned about paying off credit debt this year. The total credit card balance of Americans is at its highest point since the U.S. Federal Reserve began...
Gold to $2,100 — Investment Management Firm Says Gold to Be Key Instrument in New Financial Order
21.6.2023
Central banks, particularly those in emerging economies, are ramping up their gold reserves in preparation for a new monetary regime, signaling a potential loss of reserve currency status for the U.S. dollar, according to the investment management firm Goehring & Rozencwajg. The company’s...
Galaxy-Backed Investment Platform Truvius Taps CoinDesk Indices for Digital Asset Portfolios
21.6.2023
The sectors Truvius will offer on its platform include currency, DeFi, smart contracts, and others based on CDI's Digital Asset Classification Standard
B2Broker Announces NDF Asset Class Addition, Reduced Margin Requirements, and Updates to PoP Liquidity Offering Package
19.6.2023
PRESS RELEASE. B2Broker, a prominent global liquidity provider in the FX and crypto industry, proudly declares the inclusion of Non-Deliverable Forwards (NDFs) in its extensive range of liquidity offerings. This strategic expansion further strengthens the company’s commitment to furnishing...
Chinese Banks Roll Out More Digital Yuan Wealth Management Options
16.6.2023
Chinese banks will let their customers pay for more wealth management products using the digital yuan, as the nation’s central bank digital currency (CBDC) continues to branch out.
Per the Chinese media outlet Financial Report Network (via Stockstar), the state-owned China Construction Bank (CCB)...
Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal
14.6.2023
Prime Trust payment subsidiary Banq files for bankruptcy, citing “unauthorized’ asset transfers to Fortress Group
Judge Rules in Favor of Galaxy Digital in Case Against BitGo Over $1.2 Billion Deal Cancellation
13.6.2023
In a recent development, a federal judge in Delaware has ruled in favor of Galaxy Digital, the crypto merchant bank led by Mike Novogratz.
The case pertains to the termination of a $1.2 billion acquisition deal with BitGo. The court dismissed BitGo's lawsuit, stating that Galaxy had a valid basis...
SEC lawsuit sheds light on Coinbase's management
13.6.2023
In a recent interview with Cointelegraph, venture capitalist Kevin O'Leary criticized Coinbase's strategy to address the current regulatory environment
How to use credit cards wisely to avoid debt
9.6.2023
Discover effective strategies and best practices to use credit cards wisely and avoid debt
Amid Crypto Chaos, Soros Fund CEO Sees Opportunity for Traditional Finance
8.6.2023
Soros Fund Management CEO Dawn Fitzpatrick has expressed her continued faith in cryptocurrency, despite the recent setbacks.
During a recent Bloomberg investment summit, Fitzpatrick mentioned that although it is a testing time for the industry, it is a huge opportunity for established financial...
SEC Seeks Court Approval to Freeze Binance US Crypto Assets, Citing Customer Safety Concerns
7.6.2023
Seeking court approval, the U.S. Securities and Exchange Commission (SEC) is actively pursuing a measure to freeze cryptocurrency assets linked to Binance US. In order to to “ensure the safety of customer assets,” the securities regulator deems this action as an urgent necessity. SEC Files...
US Debt Ceiling Dramas Diminish Dollar’s Credibility and Reputation as Safety Asset, Warns Devere CEO
5.6.2023
The CEO of investment management firm Devere Group has warned that the U.S. debt ceiling dramas have weakened the U.S. dollar’s “global reserve currency’s credibility and reputation as a ‘safety asset.’” He cautioned that Congress’ debt ceiling deal “does not solve the underlying political...
Elliptic integrates ChatGPT to bolster crypto risk detection
4.6.2023
Crypto risk management firm Elliptic believes that ChatGPT will assist in exposing crypto risks to users that "they can't get anywhere else."
CFTC commissioner says proposal to reassess risk management could consider crypto
2.6.2023
Christy Goldsmith Romero pointed to the collapse of FTX, Terra and Celsius in having the CFTC reconsider the way it handled risk management
US Regulator Sets It Sights on Crypto Risks in Potential Risk Management Rules
2.6.2023
The US Commodity Futures Trading Commission is taking a closer look at its rules governing risk management, with an eye towards digital assets.
The agency published an advanced notice of proposed rulemaking on Thursday, asking for public comment on risk management requirements for swap dealers...
Billionaire Investor Bill Ackman Insists JPMorgan Boss Jamie Dimon Should Run in the 2024 US Presidential Race
1.6.2023
Billionaire investor and Pershing Square Capital Management CEO, Bill Ackman, has asserted that JPMorgan Chase’s chief executive, Jamie Dimon, should enter the 2024 United States presidential race. Ackman claims that the current president Joe Biden is “extremely weak and in cognitive...
Innovation in Wealth Management Summit, London
1.6.2023
Professional Wealth Management, a publication of the Financial Times, will be hosting the Innovation in Wealth Management Summit on June 8, 2023, at Glaziers Hall in London. The Summit will discuss the need for digital literacy among wealth managers, investors, and technology experts. Topics will...
How to avoid impulse buying and save money instead
31.5.2023
Take control of your finances and achieve your financial goals by avoiding impulse buying using budgeting apps
LOVESNOOPY Burns 85% of Tokens While Crypto Experts Amass New Eco-Friendly Cryptocurrency In Anticipation of Exchange Listing
24.5.2023
Image by Fareed Mindalano / Playground AI
LOVESNOOPY recently announced a massive 85% reduction in its total token supply through a strategic token burn.
This dramatic move could increase the value of its remaining tokens over time, representing an ambitious maneuver in the volatile...