Switzerland has raised interest rates by half a percentage point, despite the financial turmoil that this week led to a rescue-takeover of one of the country’s largest lenders. The Swiss National Bank opted to plough ahead with its fourth consecutive interest rate rise, saying the chances of inflation becoming entrenched had risen. It follows a
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Israel’s parliament has passed a law limiting the circumstances in which a prime minister can be removed from office, signing into law the first in a series of contentious legal changes that have sparked months of protests. The amendment, passed after a rancorous all-night debate that stretched into the early hours of Thursday, intensifies the
Canary Wharf on the River Thames is one of London’s most coveted neighborhoods. The once bustling shipping wharf has been the city’s financial center and a popular place to live for more than three decades. Living here is all about having sweeping river views and an exclusive lifestyle. The two-story penthouse for sale in the
Sushi, the Web3 exchange that pivoted into a decentralized autonomous organization (DAO), is seeking to organize a legal defense fund. If approved, the proposal, which already is available for voting, will put $3 million USDT as part of a fund to defend itself from legal actions against the organization and its members. The organization disclosed
Major cryptocurrency exchange Kraken is experiencing difficulties with the withdrawal and deposit channel related to the automated clearing house (ACH) via Silvergate. Kraken has reportedly notified its users that it will be unable to support ACH deposits and withdrawals starting from March 27. According to multiple online reports by alleged Kraken users, Kraken sent an
Ethereum’s native token, Ether (ETH), continues its multi-month downtrend against Bitcoin (BTC) in March, rising 5.5% versus the latter’s 19.5% gains on a month-to-date (MTD) timeframe. Bitcoin overshadows Ethereum amid banking crisis As of March 23, the ETH/BTC pair was down about 9% month-to-date (MTD) to 0.0633 while staying on course to record its worst
The German government has allocated $1.2 million in funding for a metaverse game being developed by Flying Sheep Studios. The company, based in Cologne, will use the funds for the development of a game called Star Life, which will also include blockchain elements in the form of non-fungible tokens (NFTs). Flying Sheep Studios Raises $1.2
Swiss financial regulator Finma has defended its decision to wipe out the value of risky additional tier 1 bonds as part of the Credit Suisse rescue deal. The move enraged some bondholders because Credit Suisse shareholders will receive a payout. In a statement on Thursday, Finma said the AT1s “contractually provide that they will be
Metamask users in Nigeria can now directly and instantly buy crypto assets within the mobile app, Consensys and its Web3 infrastructure partner Moonpay have said. According to a Consensys executive, rolling out this feature helps to reduce friction while bringing down barriers that block or stop Nigerians from embracing Web3. Purchasing Crypto via Instant Bank
On Wednesday, the multichain wallet Bitkeep announced it raised $30 million from the crypto derivatives platform Bitget. Bitkeep now has an overall valuation of $300 million, with goals aimed at strengthening the links between decentralized finance (defi) and centralized finance (cefi). Bitget Invests $30 Million in Bitkeep; Wallet Firm Is Now Valued at $300M Crypto
Much as it can be enjoyable to poke fun at the crypto bros — with their silly memes, irritating acronyms, puerile jokes and frankly ridiculous ideas about the world — I have to confess: I don’t believe they’re the main problem. As far as I’m concerned it’s the earnest, strait-laced types who insist that we
There’s a colossal shift going on in artificial intelligence — but it’s not the one some may think. While advanced language-generating systems and chatbots have dominated news headlines, private AI companies have quietly entrenched their power. Recent developments mean that a handful of individuals and corporations now control much of the resources and knowledge in
At the annual gathering of Europe’s solar power lobby in Brussels this month, industry executives celebrated the rapid rollout of panels across the region after the retreat from Russian gas. Standing behind a DJ deck, Walburga Hemetsberger, SolarPower Europe’s chief executive, said that the night should be “the best party ever”, adding that the European
U.S. Senator Ted Cruz has introduced “legislation to prohibit the Federal Reserve from developing a direct-to-consumer” central bank digital currency (CBDC). The lawmaker warned that it “could be used as a financial surveillance tool by the federal government.” Another senator stressed: “The American people ought to be able to spend their money how they choose
A week ago, the Ethereum layer two scaling solution Arbitrum announced the launch of its native token called ARB, and since then IOU markets have launched giving some indication of how much the token may be worth. ARB claiming begins March 23 and when people get their coins on exchanges, the token’s value may turn
A legislative proposal has been introduced to support the bitcoin economy in the U.S. state of Texas. “The individuals who own bitcoin should be protected” under the Texas Constitution, the proposal describes. “No citizen of Texas shall ever be deprived of their right to own bitcoin and that all bitcoin owners will be protected as
Bloomberg Intelligence senior commodity strategist Mike McGlone has explained that a supercycle may be happening in bitcoin, noting that the cryptocurrency is beating gold by almost 10 times so far this year. The strategist added that if past trends hold, bitcoin’s volatility is more likely to recover compared to commodities when the crypto “heads toward
The U.S. Securities and Exchange Commission (SEC) has sent Coinbase a “Wells notice” about potential violations of securities law. The Nasdaq-listed cryptocurrency exchange noted that, unlike what SEC Chairman Gary Gensler said, the securities regulator “will not let crypto companies ‘come in and register.’” Coinbase CEO Brian Armstrong explained: “A Wells notice typically precedes an
The US Securities and Exchange Commission charged Chinese cryptocurrency entrepreneur Justin Sun and three of his businesses for improperly registering digital assets and for alleged market manipulation. The agency also charged eight celebrities including actress Lindsay Lohan and social media personality Jake Paul for illegally touting Sun’s crypto assets, alleging they failed to disclose they
As part of the talks that Russian president Vladimir Putin and Chinese president Xi Jinping are currently conducting in Russia, Russia has vowed to move to use the Chinese yuan as a settlement currency with countries in Asia, Africa, and Latam. Putin expressed that using national currencies for international trading “should be encouraged further.” Russia
In this article COIN SCS Follow your favorite stocksCREATE FREE ACCOUNT All Coinbase Japan customers will have until Feb. 16 to withdraw their fiat and crypto holdings, the company said in a blog post. Jakub Porzycki | Nurphoto | Getty Images Check out the companies making headlines in extended trading. Steelcase — Shares of the office