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The Epic Vs. Google Courtroom Battle Sounds Bonkers
14.11.2023
We are now six days into the Epic v. Google legal showdown over whether the Google Play Store is an illegal monopoly with high fees and strict rules designed to control Android app developers. Things are getting wild as Google employees—including the company’s CEO—might have deleted evidence...
Binance Client Executives Kidnapped, Forced to Empty Crypto Wallets — CZ Says Total Loss Was $12.5 Million
13.11.2023
Binance CEO Changpeng Zhao (CZ) has shared a story of how executives of a Binance client were abducted and forced to empty their crypto wallets. CZ detailed how the cryptocurrency exchange was able to track the transactions and freeze over 94% of the stolen funds. CZ Shares Story of How Binance...
Swiss Financial Giant UBS Now Offers Crypto ETFs to Wealthy Clients in Hong Kong, Report
11.11.2023
UBS has reportedly begun offering wealthy clients access to some crypto exchange-traded funds (ETFs) in Hong Kong. Initially, the Swiss financial services giant is offering three crypto ETFs that have received regulatory approval from the Securities and Futures Commission. UBS Offering Crypto ETFs...
JPMorgan Launches Live Programmable Payments With JPM Coin, Siemens, FedEx Become Early Adopters
10.11.2023
JPMorgan Logo / Source: Adobe Banking firm JPMorgan has rolled out a programmable payment feature for institutional users of its blockchain-powered payment system, JPM coin. *JPMORGAN LAUNCHES PROGRAMMABLE PAYMENTS IN NEW BLOCKCHAIN PUSH — zerohedge (@zerohedge) November 10, 2023...
UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg
10.11.2023
The news comes a day after HSBC, one of the world's largest banks, said it plans to start a digital-assets custody service for institutional clients
UBS Allows Crypto ETF Trading for Select Hong Kong Clients
10.11.2023
Source: AdobeStock / lenscap50 UBS Group AG has joined rivals such as HSBC Holdings Plc, in extending an invitation to select clients in Hong Kong to trade specific crypto-linked exchange-traded funds (ETFs). The decision aligns with Hong Kong’s recent efforts to establish itself as...
HSBC Announces Plans to Launch Digital Asset Custody Service in Partnership with Metaco
8.11.2023
Source: AdobeStock / BGStock72 HSBC Holdings aims to introduce a custody service for digital assets, catering to institutional clients seeking exposure to tokenized securities. The global bank will offer the new service in collaboration with Metaco, a technology firm owned by Ripple Labs, according...
Germany’s Third-Largest Bank Unveils Blockchain-Based Digital Custody Platform for Institutional Investors
6.11.2023
DZ Bank, one of Germany’s leading financial institutions with assets totaling 300 billion euros, has launched its own blockchain-powered custody platform. According to an announcement by the bank, the platform is specifically designed to cater to institutional clients, enabling them to engage...
FBI Dives Into FTX Customer Records — Field Offices Issue Subpoenas to Bankruptcy Consultants
4.11.2023
Reports indicate that the U.S. Federal Bureau of Investigation (FBI) has received data on FTX clients from the advisors of the now-insolvent firm. These consultants have complied with a minimum of five inquiries issued by the bureau’s local offices across various states. FTX Implosion Leads...
Swiss Bank SGKB Partners with SEBA for Crypto Custody and Trading Services
2.11.2023
Switzerland’s fifth largest cantonal bank, St.Galler Kantonalbank (SGKB), has partnered with SEBA Bank to offer custody and trading services for Bitcoin and Ethereum. SGKB announced that the service is initially available to a select group of wealth-management clients at SGKB with future...
Gemini Seeks Control of $1.6 Billion Grayscale Shares in Lawsuit
28.10.2023
Crypto exchange Gemini has initiated a lawsuit against digital asset lender Genesis in an attempt to gain control over $1.6 billion worth of Grayscale Bitcoin Trust shares. The lawsuit, filed on Friday in the U.S. Bankruptcy Court Southern District of New York, aims to recover the shares to repay...
BlockFi Clients Can Now Submit Withdrawal Requests as Bankruptcy Plan Takes Effect
25.10.2023
The US-based crypto lending company BlockFi has emerged from bankruptcy, allowing clients to begin the process of withdrawing their assets.
This development comes nearly 11 months after BlockFi was caught in the turbulence of the cryptocurrency industry, triggered by the disastrous collapse...
FTX clients face deceptive priority withdrawal scam
21.10.2023
FTX users have reported receiving deceptive emails purportedly sent by FTX Trading, West Realm Shires Services and FTX EU
Bitcoin Financial Services Firm Unchained Looks to Attract Wealthy Clients With New Advisory Service
18.10.2023
The service will offer a network of "bitcoin-competent" financial planners to help HNWIs build distribution and utilization strategies and address potential tax and inheritance issues, Unchained said
Swiss Bank Offers Clients Crypto Lending Product
18.10.2023
Swiss online bank Dukascopy has introduced a new lending product that enables customers to borrow against their cryptocurrency. The solution allows users to receive 50% of the value of their digital assets in fiat currency while retaining their original crypto investments. Switzerland-Regulated...
Blackrock CEO Larry Fink Sees Global Demand and ‘Pent-up Interest in Crypto’ Amid Israel-Hamas War
18.10.2023
Larry Fink, the CEO of the world’s largest asset manager, Blackrock, sees the recent bitcoin rally as “an example of the pent-up interest in crypto.” Noting that as the Israel-Hamas war rages on, more people will be running to bitcoin as “a flight to quality,” the executive...
Ferrari Starts Accepting Crypto Payments for Luxury Sports Cars
15.10.2023
Ferrari has reportedly begun accepting payment in cryptocurrency. The Italian luxury sports car manufacturer cited requests from both the market and dealers as the primary motivation for this decision. “This will help us connect to people who are not necessarily our clients but might afford...
Blockfi CEO Blames FTX and Alameda Collapse for Firm’s Bankruptcy
14.10.2023
Blockfi CEO Zac Prince testified Friday that the downfall of FTX contributed to his company’s bankruptcy. Prince appeared as a government witness in the fraud trial of former FTX boss Sam Bankman-Fried (SBF). Blockfi’s Prince: Loans Wouldn’t Be Approved Knowing Alameda Used...
JPMorgan debuts tokenization platform TCN with BlackRock among key clients: Report
11.10.2023
The platform enables the conversion of traditional assets into digital assets and makes way for faster and more secure settlements on-chain
SEC Charges FTX Auditor for Helping Clients Violate Securities Laws
2.10.2023
The U.S. Securities and Exchange Commission (SEC) announced charges against an accounting firm that worked for failed cryptocurrency exchange FTX. The company, Prager Metis, has been accused of facilitating clients in breaking federal securities laws and also auditor independence violations....