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Cryptocurrencies’ Fixed Supply Will Hinder Their Functionality as Actual Currencies, says UBS Economist

Cryptocurrencies’ Fixed Supply Will Hinder Their Functionality as Actual Currencies, says UBS Economist

Paul Donovan, chief economist at UBS Global Wealth Management, believes that cryptocurrencies are flawed as their supply cannot be slashed when demand flops.

JPMorgan, UBS, and Goldman Sachs Back Polkadot (DOT) with an ETP Investment

JPMorgan, UBS, and Goldman Sachs Back Polkadot (DOT) with an ETP Investment

As institutional investors enter the cryptocurrency scene, investor appetite may not be limited to Bitcoin and Ethereum.

Central Banks Doubt Cryptocurrency Limited Role in Reserve Operations

Central Banks Doubt Cryptocurrency Limited Role in Reserve Operations

A survey conducted by UBS investment bank shows that central banks do not expect a cryptocurrency to replace gold as a digital reserve asset.

BOCI and UBS Partner to Issue First Tokenized Security in Hong Kong

BOCI and UBS Partner to Issue First Tokenized Security in Hong Kong

BOCI, a leading Chinese financial institution, has issued the first tokenized security in Hong Kong, reaching a milestone in digital finance.

UBS and OSL Pioneer Hong Kong's First Ethereum Tokenized Warrant

UBS and OSL Pioneer Hong Kong's First Ethereum Tokenized Warrant

UBS AG, in collaboration with OSL Digital Securities, introduces Hong Kong's first tokenized warrant on the Ethereum blockchain, marking a landmark moment in financial innovation and blockchain adoption.

SWIFT Releases Blueprint for Global CBDC Operation

SWIFT Releases Blueprint for Global CBDC Operation

The Society for Worldwide Interbank Financial Telecommunications has detailed how these individual CBDCs can co-exist in a global setting.

Swiss Banking Giant UBS to Offer Crypto Services to its Clients

Swiss Banking Giant UBS to Offer Crypto Services to its Clients

UBS is reportedly planning to offer crypto investment services to its customers.

Swiss regulators consider UBS takeover of Credit Suisse to prevent collapse

Swiss regulators consider UBS takeover of Credit Suisse to prevent collapse

Swiss regulators are reportedly considering emergency measures to accelerate the acquisition of Credit Suisse by UBS, Switzerland's largest bank. The Swiss National Bank and the Swiss Financial Market Supervisory Authority believe that the acquisition is the only way to prevent a collapse in confidence in Credit Suisse following a series of financial scandals.

Gold Prices Rally Higher While Bitcoin Fails to Reach $11,000, What’s Next for BTC?

Gold Prices Rally Higher While Bitcoin Fails to Reach $11,000, What’s Next for BTC?

While gold prices have recorded an all-time high this year, surpassing $2,000 per ounce, prices have dipped again lately.

Blockchain Investment Dropped 60% in 2019 despite Bitcoin's Bullish Run

Blockchain Investment Dropped 60% in 2019 despite Bitcoin's Bullish Run

Blockchain investment dropped 60% from a record 4.1 billion in 2018 to 1.6 billion this year, according to the findings of CB Insights reported on Bloomberg 18 July.

Texas Authorities Slap “Bitcoin Pope” and Forex Birds with Cease and Desist Order for Fraudulent Investment Scheme

Texas Authorities Slap “Bitcoin Pope” and Forex Birds with Cease and Desist Order for Fraudulent Investment Scheme

An emergency cease and desist order has been issued against the “Bitcoin Pope” trader, under allegations of fraudulent cryptocurrency investments.

IBM Joins Trade Finance Blockchain Platform We.Trade As New Shareholder

IBM Joins Trade Finance Blockchain Platform We.Trade As New Shareholder

IBM has announced a new collaboration with blockchain-based trade finance platform, we.trade to enhance network capabilities and accelerate the global growth of the platform. We.trade was designed to connect buyers, sellers, banks, insurers, and other organizations in a network, simplifying cross-border trading. Built on the latest version of the IBM Blockchain Platform, IBM has been the platform’s technology partner since the beginning. We.trade was also the first enterprise blockchain consortium to go live, back in early 2018.

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