UBS has intensified lobbying efforts to prevent new regulations following the Credit Suisse crisis, with significant donations to conservative parties raising concerns. The SP calls for a ban on party funding from UBS, arguing that it undermines regulatory independence and accountability. The PUK report highlights how bank lobbying contributed to regulatory fatigue, impacting the effectiveness of FINMA.
In December 2022, Ueli Maurer misled the public about the stability of Credit Suisse, despite knowing the bank was in crisis. Following a significant liquidity outflow, he and CS Chairman Axel Lehmann falsely assured the public of a stabilized situation, while internal discussions revealed growing concerns about the bank's viability. By late December, CS's liquidity had drastically diminished, leading to its eventual downfall just months later.
Ethereum is poised for a potential surge to $6,000 as it approaches a critical resistance level, driven by ecosystem expansion, institutional adoption, and the impact of Ethereum 2.0. This bullish momentum is expected to benefit altcoins like RCO Finance (RCOF), which offers innovative AI-powered DeFi tools and is currently in a presale stage, projecting a remarkable 12,090% ROI. As the market anticipates Ethereum's breakout, RCOF stands out as a promising investment opportunity in the evolving decentralized finance landscape.
Argentina is set to launch the world’s first lithium tokenization project in Q1 2025, leveraging Cardano's blockchain technology. This initiative aims to convert lithium property rights into digital tokens, enhancing resource access, liquidity, and traceability while ensuring ethical sourcing and environmental standards. The project is expected to foster economic inclusion and job creation, benefiting both local communities and international investors.
The PUK report on the Credit Suisse debacle fails to address the critical issue of character, attributing the bank's downfall more to a toxic mindset than to insufficient capital. Key figures, including Chairman Urs Rohner, exemplified a culture of greed and recklessness, leading to disastrous consequences. The report highlights systemic failures by regulatory bodies but overlooks the profound impact of leadership on the bank's fate.
US equities face increased risk following Jerome Powell's hawkish comments, which initially caused a market drop. Despite a slight recovery after lower-than-expected inflation figures, high investor expectations could lead to significant volatility, especially with uncertainties surrounding economic policies and inflation trends.
The United Arab Emirates has seen its Bitcoin holdings surge to $40 billion, driven by significant investments from institutions and the government amid a global bull market. Strategic initiatives, including favorable regulatory frameworks, have positioned the UAE as a leading hub for cryptocurrency and blockchain innovation. This growth is expected to enhance economic diversification and attract further institutional investments, reinforcing the country's proactive stance on digital assets.
Tai Mo Shan, a subsidiary of Jump Crypto, has settled with the SEC for $123 million over misleading investors regarding the stability of the TerraUSD (UST) algorithmic stablecoin prior to its collapse. The SEC highlighted that the misleading actions contributed to significant losses for investors and emphasized the need for compliance with securities laws.The collapse of UST in May 2022, triggered by a large sell-off, led to a loss of its dollar peg and a cascade of liquidations, ultimately resulting in a formal investigation of Terraform Labs and its founder, Do Kwon, which culminated in a $4.4 billion settlement.
Investor Anthony Pompliano remains optimistic about Bitcoin's future, predicting 2025 will be a pivotal year for the cryptocurrency. He cites ongoing money printing and Federal Reserve interest rate cuts as key factors that will drive capital into the market, making Bitcoin less risky for large investors. As Bitcoin's market cap grows, more institutional capital is expected to flow into the asset, potentially pushing prices higher.
Bitcoin is currently trading at $98,200 after a recovery from a dip to $92,000, facing a significant resistance zone between $97,500 and $99,800, where 924,000 wallets hold over 1.19 million BTC. Breaking this "brick wall" could lead to new all-time highs, while failure may result in increased selling pressure. Analysts remain cautiously optimistic, watching for potential bullish momentum as Bitcoin tests the critical $100,000 level.
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