Bitzlato users can now partially withdraw their bitcoin funds from the dismantled cryptocurrency exchange, according to a media report. The Russia-linked trading platform was targeted by Western law enforcement and had its France-based server infrastructure seized in January. Bitzlato Customers Allowed to Withdraw Up to 50% of Their Bitcoin at the Exchange Users of Bitzlato’s
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When Stefan Kirsten took over as chair of the stricken German real estate company Adler Group in February 2022 in the midst of an accounting scandal, he did not mince words. “The elephant in the room is named Wirecard,” the former chief financial officer of German blue chip Vonovia quipped. It is not just shareholders
Hours after Swiss authorities pushed Credit Suisse into merging with its local rival UBS, CS leaders emailed staff. Don’t worry, previously scheduled bonuses and raises will go ahead, chair Axel Lehmann and chief executive Ulrich Körner wrote. This comes on top of news that Silicon Valley Bank CEO Greg Becker sold nearly $30mn in shares
Two days after UBS agreed to spend $3.25bn to rescue its rival Credit Suisse, executives have started trying to move past the risks and sell investors on the benefits of the shotgun marriage. Chief executive Ralph Hamers told the Financial Times that the deal was “not simply about bringing two companies together” but about “how
Crypto executives have expressed irritation over the latest White House economic report — which notably features an entire chapter dedicated to casting doubts on the merit of digital assets. The Economic Report of the President, released March 20, marks the first time the White House has included a section on digital assets since it first
Green Day, the cult 90s band, was named after its members’ enjoyment of pot. A green day in California was apparently a day spent lazing around smoking dope. The UK government is planning its own Green Day. This involves less marijuana (presumably) and more details on the UK’s plans to get to net zero. But
On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do not deliver on their promises
Japanese tech giant Fujitsu has filed a trademark application with the U.S. Patent and Trademark Office that covers several cryptocurrency services. The application specifically mentions “financial management of crypto assets,” “financial exchange of crypto assets,” and “financial broker services for cryptocurrency trading.” Fujitsu’s Crypto Trademark Application Fujitsu, one of the world’s largest IT service providers,
Nonfungible token (NFT) marketplace Magic Eden has launched its own “fully audited” marketplace for Bitcoin Ordinals, leveraging the surging interest in “Bitcoin NFTs.” The newly launched marketplace allows Bitcoin (BTC) NFT traders to buy and sell Bitcoin Ordinal collections, giving users a similar experience it offers for Polygon, Ethereum, and Solana-based NFTs. Extremely excited to
The value proposition of Bitcoin (BTC) is on full display amid the current banking crisis, which will only “attract more institutions” to the BTC market over time, ARK Invest CEO Cathie Wood believes. Wood shared her thoughts on BTC’s recent price surge in a March 21 Bloomberg interview, stating its price behavior through the crisis
U.S. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they “suffer deposit runs that pose the risk of contagion.” The government recently protected all deposits of Silicon Valley Bank and Signature Bank after they failed. U.S. Government Ready to Guarantee More Deposits if Needed U.S. Treasury Secretary
Taiwan’s military is prepared for any Chinese military threats during President Tsai Ing-wen’s upcoming overseas travel, vice defence minister Po Horng-huei said Wednesday. Tsai is due to start a 10-day trip on March 29 to diplomatic allies Guatemala and Belize, as well as to the US. Washington on Tuesday called on China not to use
On Monday, the non-fungible token (NFT) marketplace Magic Eden announced the launch of Bitcoin Ordinal inscription support. Magic Eden said it has partnered with the wallets Hiro and Xverse to “bring a familiar wallet transaction experience to the marketplace.” Magic Eden’s Decision to Launch on Bitcoin Without Royalty Support and Compete With Emerging Markets Magic
Ministers have delayed plans to raise the state pension age to 68 amid falling life expectancy in the UK and warnings from Tory MPs that the move could provoke a backlash from middle-aged voters. The state pension age, currently 66, is due to increase to 68 after 2044. The government wanted to bring this forward
This architectural home in Breckenridge, Colorado, is a standout with distinctive steel truss construction and metalwork accents. A pivoting front door and custom cold-poured steel walls set the dwelling’s design further apart in the resort town. Outshining the mountain contemporary itself, however, is the location. “Second to none,” says listing agent David Levinson of Slifer
Puerto Rico Electric Power Authority bondholders asked a magistrate to intervene on discovery issues but were rebuffed. Magistrate Judith Dein, who is handling discovery matters, denied the request because the Oversight Board said it was still considering bondholders’ discovery requests. She ordered the sides to continue to negotiate, with the bondholders filing a status report
Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011. Last year, Crystal’s intelligence team documented 199 incidents resulting in the theft of $4.17
Municipals were little changed Tuesday, while U.S. Treasuries extended their sell-off and equities rallied. The two-year muni-UST ratio was at 60%, the three-year at 60%, the five-year at 63%, the 10-year at 66% and the 30-year at 91%, according to Refinitiv MMD’s 3 p.m. ET read. ICE Data Services had the two at 64%, three
Municipal bonds remain a viable, high-quality source of liquidity for banks, experts say, although they are divided about whether the collapse of two regional banks will curtail or eliminate the sector’s ownership of municipal bonds. Following the collapse of California-based Silicon Valley Bank on March 10 and New York-based Signature Bank on March 12, experts
UK chancellor Jeremy Hunt has said that the Bank of England should remain focused on taming “dangerously high” inflation, despite the strain placed on the global banking sector by rising interest rates. Data to be published on Wednesday is expected to show UK inflation at close to 10 per cent, and Hunt on Tuesday said
Businesses have been encouraged to pay more into their employees’ pension pots in a move to meet a shortfall in retirement savings. The Living Wage Foundation, a charity that campaigns for fair pay, launched a new “living pension employer” standard on Tuesday in a move to increase employer pension contributions from 3 per cent of