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Hong Kong’s SFC warns crypto exchanges

Hong Kong’s SFC warns crypto exchanges

Investors Should Adhere To the VATP Certification Requirements crypto exchanges : Hong…

3 Min Read

Regulatory Paralysis: Janet Yellen's Recent Comment Highlights the Stalled US Crypto Framework

Regulatory Paralysis: Janet Yellen’s Recent Comment Highlights the Stalled US Crypto Framework

Treasury Secretary Yellen Addresses AI and Crypto Concerns in Congressional Testimony US…

3 Min Read

The CEO of one of the largest Swiss banks Credit Suisse called the world's first cryptocurrency a speculative asset. Interest in Bitcoin will fade away, the banker said, adding, however, that cryptocurrencies are a challenge anyway. The announcement came shortly after the announcement of Credit Suisse's forced merger with Swiss rival UBS, which market analysts called the largest bank liquidation in the country's history. UBS bought the rival for 3 billion Swiss francs ($3.2 billion). The valuation was less than half of Credit Suisse's market value. On Monday, March 20, the shares of the troubled bank fell by almost 60%. “From what we can determine today, the only reason to buy or sell bitcoin is to make money. That is nothing but speculation and a bubble,” said Tidjane Thiam. The fact that attackers use bitcoin in fraudulent schemes contradicts the definition of cryptocurrency, the banker is sure. The head of Credit Suisse argues that banks have "little or no desire to intervene in a currency that has such money laundering problems." Billionaire investor Warren Buffett said last week that “Bitcoin is in a bubble.” He echoed Bridgewater Associates founder Ray Dalio, who expressed the same sentiment in September. The fallout from the collapse of the crypto-focused Silvergate Bank and two other US banks was not limited to America's financial system but spread to European markets, including sending Credit Suisse shares to record lows and forcing them to borrow nearly $53 billion from the Swiss National Bank to maintain liquidity. Credit Suisse invested in crypto projects. Switzerland's second largest bank partners with Taurus, Fnality, AlgoTrader and FundsDLT. In 2021, Credit Suisse tokenized on Ethereum the shares of Alaïa SA, which owns a chalet and hotel in the Swiss ski resort of Crans-Montana. Since February 2021, Swiss law requires that tokenized securities receive the same legal status as traditional securities. Подробнее на Bits.media: https://bits.media/glava-credit-suisse-tidzhan-tiam-bitkoin-eto-puzyr/

Credit Suisse CEO Tijan Thiam: Bitcoin is a bubble

The CEO of one of the largest Swiss banks Credit Suisse called…

2 Min Read

"Bitcoin New Culture" continues to burn, Secrets may become Bitcoin's "OpenSea"

“Bitcoin New Culture” continues to burn, Secrets may become Bitcoin’s “OpenSea”

On February 2, Yuga Labs, the strongest IP creator in the NFT…

14 Min Read

Bitcoin forecast

Bitcoin forecast: That’s what the experts say

Would you like a bitcoin forecast? The events of the last few weeks…

6 Min Read

Another cryptocurrency exchange joined the anti-Russian sanctions

Another cryptocurrency exchange joined the anti-Russian sanctions

Cryptocurrency exchanges registered in the European Union began to limit the possibilities…

1 Min Read

DappRadar: Cryptocurrencies have entered a phase of consolidation

DappRadar: Cryptocurrencies have entered a phase of consolidation

In the third quarter of 2022, the cryptocurrency market entered a long…

2 Min Read