Tags: UBS

A view of the harbor in Hong Kong, which is positioning itself as a crypto hub through favorable regulation. (Ruslan Bardash/Unsplash)

Today in Crypto: UBS Launches Tokenized Money Market Fund Pilot on Ethereum, $8BN was a ‘Rounding Error‘ to SBF

Bank of China Uses Ethereum Blockchain for $28 Million Digital Structured Notes – Crypto Adoption on the Rise?

Many in Switzerland have said that UBS’ takeover of Credit Suisse was necessary to avoid a calamitous banking crisis like that seen in 2008.

An indicator of European bank default risk soars and stocks tumble on March 24 amid renewed fears surrounding the financial system.

Bitcoin price finally broke through the $28,000 mark, but BTC futures and options data suggest some traders are uneasy about the strength of the recent bullish momentum.

Bitcoin and crypto aren‘t unraveling the banks.

Swiss authorities agreed to change the country‘s regulations to bypass a shareholder vote and announce the deal over the weekend.

A bank rescue plan for Credit Suisse may impose losses on its bondholders and even result in a full or partial nationalization of Credit Suisse Group AG.

The emergency preparation will allow the takeover to proceed without the usual “six-week consultation period” with shareholders, according to people familiar with the situation.