Crypto Billionaires’ Wealth Crushed by SEC After Big 2023 Bounce
The Securities and Exchange Commission (SEC) has filed lawsuits against two of the largest cryptocurrency platforms in the world, Binance and Coinbase. The lawsuits allege that the companies violated securities laws by failing to register their tokens as securities. The news has sent shockwaves through the crypto industry, with prices for many cryptocurrencies tumbling. Binance […]
Crypto Has No Place in Private Banking Right Now, Pictet Says
Pictet Group and the Swiss wealth manager is warning against cryptocurrency investments. Which amid recent industry turmoil. “Crypto will be an asset class we can’t ignore. Today there’s a place for private bankers and private bank portfolios,” Tee Fong Seng. Tee Fong Seng chief is the executive of the Geneva-based firm’s Asia wealth management arm. […]