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Heinz Huber Appointed New President of Graubünden Cantonal Bank
Heinz Huber has been appointed as the new president of Graubünden Cantonal Bank, effective July 1, 2025, succeeding Peter A. Fanconi. Huber, who has extensive experience in the financial sector, currently serves as chairman of the executive board of Raiffeisen Switzerland and has a strong connection to Graubünden through his secondary residence. Fanconi will remain in his position until the end of June 2025 to ensure a smooth transition.
ilbernina
United States Dollar CHE Peter A. Fanconi Heinz Huber
Finance & Economy, Press Release
08:38 18.12.2024
ASIC takes legal action against Binance for misclassifying Australian clients
The Australian Securities and Investments Commission (ASIC) has initiated legal action against Binance Australia Derivatives for misclassifying 83% of its Australian clients as wholesale investors, which deprived them of essential consumer protections. The regulator claims that over 500 clients were exposed to high-risk products without adequate safeguards, leading to significant financial losses. This lawsuit follows ASIC's cancellation of Binance's financial services license in April 2023 due to compliance failures, amid increasing regulatory scrutiny of the digital asset sector in Australia.
Financial and Business News | Finance Magnates
United States Dollar Australian Dollar AUS Sarah Court
Regulatory & Legal, News Article
08:30 18.12.2024
bybit to end services for french users amid regulatory challenges
Bybit will cease withdrawal and custody services for French users starting January 8, 2025, due to regulatory pressures from the French financial authority, Autorité des Marchés Financiers (AMF). This follows previous restrictions on purchasing new products and a history of non-compliance with local regulations. Users are urged to withdraw their funds before the deadline, as unclaimed balances will be transferred to Coinhouse, a regulated custodian, while smaller accounts will incur termination fees.
Blockhead
FRA
Regulatory & Legal, News Article
08:30 18.12.2024
Ethereum ETFs see 16 days of inflows as price targets $4000 resistance
Ethereum spot ETFs have experienced 16 consecutive days of positive inflows, totaling $2.32 billion, fueling optimism for a potential new all-time high (ATH) as ETH approaches the critical $4,000 resistance level. Analysts note that while bullish sentiment is strong, caution remains due to potential selling pressure from significant unstaking activities. Currently, ETH trades at $3,947, reflecting a slight decline of 0.2% in the past 24 hours.
NewsBTC
BlackRock, Inc. Justin Sun Momin Saqib
Finance & Economy, Market Report
08:30 18.12.2024
Austrian Stock Market Declines Amid Caution Before Key Interest Rate Decisions
The Vienna Stock Exchange experienced losses on Tuesday, with the ATX index dropping 0.92% to 3,589.88 points amid cautious sentiment ahead of the Fed's monetary policy decision. EVN shares fell 8.2% after reporting lower revenue and profit, while insurance stocks like Vienna Insurance Group and Uniqa gained. Economic data showed mixed signals, with a surprising drop in Germany's Ifo business climate index and a decline in US industrial production, although retail sales rose ahead of the holiday season.
boerse-social.com
Euro Erste Group Bank AG EVN AG Vienna Insurance Group AG Raiffeisen Bank International AG BAWAG Group AG DEU USA AUT Show more
Finance & Economy, Market Report
08:29 18.12.2024
gene therapy market poised for growth driven by innovation and collaboration
The global gene therapy market, valued at $7.54 billion in 2022, is projected to reach $41.38 billion by 2031, driven by increased R&D, favorable regulations, and collaborations between pharmaceutical companies and academic institutions. North America leads the market, with significant advancements in biotechnology and numerous clinical trials. Recent developments include Novartis's acquisition of a gene therapy candidate from Avrobio and Bristol-Myers Squibb's expansion of its cell therapy manufacturing network.
openPR.com
United States Dollar Novartis AG Bristol-Myers Squibb Co MEX CAN FRA IND KOR CHN ZAF DEU USA ITA GBR ESP JPN ARG BRA Brian Johnson Show more
Healthcare, Market Report
08:28 18.12.2024
Raiffeisen CEO Steps Down to Lead Graubünden Cantonal Bank
Raiffeisen's CEO is stepping down to become president of Graubünden Cantonal Bank, effective January 1. Christian Poerschke, the vice chairman of management and head of finance and services, will serve as interim CEO. Huber has been appointed to lead the cantonal bank's strategic leadership and supervisory body, succeeding Peter Fanconi, who will remain until June 2025.
TicinoNews
Raiffeisen Bank International AG CHE Peter Fanconi Christian Poerschke
Finance & Economy, News Article
08:28 18.12.2024
Terra Luna Classic upgrade aims to enhance network efficiency and usability
The Terra Luna Classic (LUNC) v3.3.0 upgrade, supported by Binance, aims to enhance tax mechanisms, boost network efficiency, and attract developers for decentralized applications. Scheduled for December 17, the upgrade will simplify tax handling and is part of broader revitalization efforts, including significant LUNC token burns. Despite recent price fluctuations, LUNC has shown increased trading interest, with a 1.71% rise to $0.0001309, while USTC also saw a 1.81% increase to $0.02311.
Crypto News Flash
Crypto, Market Report
08:24 18.12.2024
six indicators ripple xrp may surge in the coming months
XRP Ledger's daily transaction volume has surged, with payments nearly doubling from 0.73 million to 1.4 million in three months, while XRP token volume rose from 762 million to 1.99 billion. The approval of a new Ripple stablecoin by New York regulators has further boosted XRP prices, which recently peaked above $2.70. Ripple's strong business model positions it as a potential strategic asset for the U.S. in global finance, especially amid a favorable regulatory environment under the incoming administration.
CryptoPotato
United States Dollar USA Brad Garlinghouse David O. Sacks Peter Thiel Gary Gensler Stuart Alderoty Show more
Finance & Economy, Market Report
08:23 18.12.2024
solana price faces support test before potential rally to 300 dollars
Solana (SOL) is currently holding above the $200 support level, with bears targeting a potential dip towards $195-$200. A fresh rally could occur if SOL surpasses the $230 resistance, potentially leading to a rise towards $300. Recent developments include the launch of the Solana AI Hackathon, offering over $260k in cash prizes.
Coinchapter
Solana USD
Crypto, Market Report
08:22 18.12.2024
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