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“Instead,” Shapley recounted, “[Weiss] was told to follow the process, which was known to send U.S. Attorney Weiss through another President Biden-appointed U.S. Attorney.”
Hong Kong's leading financial institution, HSBC, has made a significant move by allowing its customers to trade Bitcoin exchange-traded funds (ETFs). This development marks a notable shift in the stance of traditional banks towards bitcoin, as HSBC has previously been cautious in embracing it.
Reporting by CoinDesk highlighted that HSBC's decision to enable bitcoin ETF trading for its customers comes after several prior developments that saw other banks also allow such activity. Notably, Samsung Asset Management launched the Samsung Bitcoin Futures Active ETF on the Chicago Mercantile Exchange. Prior to that, the CSOP Bitcoin Futures ETF launched on the same platform, receiving approximately $53 million in initial investments.
The developments are also indicative of the evolving attitudes towards bitcoin among financial institutions. As traditional banks begin to embrace bitcoin, it signals a potential shift towards wider adoption and integration of bitcoin into the mainstream financial system. The merits of this are debatable, but on the surface, that appears to be what these moves signify.
Today the Monetary Authority of Singapore (MAS) unveiled its latest public blockchain tokenization trials. In the latest iteration of Project Guardian in conjunction with the BIS, it outlined a framework to address how to approach public blockchain – or open interoperable networks – and the perceived risks. The latest tests involve 11 institutions including five systemically important banks Standard Chartered, HSBC, Citi, UBS and JP Morgan.
Japanese tokenized government bonds have been used in previous and current iterations of Project Guardian and hence the Japan Financial Services Agency (JFSA) has joined the project.
JP Morgan, a prominent participant in the previous Project Guardian publication, also has a trial for secured lending of tokenized bonds and deposits. The giant bank had a notably low-key presence in the paper and announcement. Potentially that’s to avoid it stealing the limelight.
The Swiss National Bank (SNB) is to issue a wholesale central bank digital currency (CBDC) on Switzerland's SIX digital exchange as part of a pilot, the central bank's chairman said at a conference in Zurich on Monday.
"This is not just an experiment, it will be real money equivalent to bank reserves and the objective is to test real transactions with market participants," Chairman Thomas Jordan said at the Point Zero Forum.
As an increasing number of countries consider launching CBDCs, Switzerland now joins the list of those that have begun piloting the technology, including nations like China, India, and Australia.
JPMorgan Chase & Co. expanded one of the most high-profile projects to bring blockchain technology to traditional banking, introducing euro-denominated payments for corporate clients using its JPM Coin.
JPM Coin, which the bank launched in 2019 to move dollars, went live with euro transactions on Wednesday, Basak Toprak, JPMorgan’s head of Coin Systems for Europe, the Middle East and Africa, told Bloomberg News. Germany’s Siemens AG conducted the first euro payment on the platform, Toprak said. A Siemens representative confirmed the cross-border transaction
eCurrency Mint and CMA announced today that they are partnering to provide central banks an integrated Real Time Gross Settlement (RTGS) and eCurrency Central Bank Digital Currency (CBDC) solution. This collaboration operationalizes CBDC allowing seamless support for commercial banks and other intermediaries to access currency in both physical and digital form.
The partnership between eCurrency and CMA provides central banks with a secure and efficient infrastructure to issue and redeem digital currency created by the central banks. CBDC powered by eCurrency and created by central banks as a digital bearer instrument supports the existing currency management processes in place for the issuance and distribution of notes and coins.
JP Morgan Board Member & Billionaire, James Crown, has died from a “Car Accident”
- He was once considered to be in Barack Obama’s “inner circle.” He was appointed by Obama in 2014 to serve on his intelligence advisory board.
These billionaires are ALL mentally Ill; criminals; men whose materialism is so compulsive, addictive, and whose vain possessiveness turns their greed into a psychopathic emptiness, with an unending desire for “more”. They seem to lack any empathy, with an ignorance of morality and ethics that most people are born with.
The human species needs to end its unhealthy obsession with wealth, and the excesses it presents.
"Whereas the use of a tactical nuclear weapon or an attack that results in nuclear fallout of any kind would impact Europe and NATO member states"
"(2) views the use of any tactical nuclear weapon by the Russian Federation or their proxies, or the destruction of a nuclear facility, dispersing radioactive contaminates into NATO territory causing significant harm to human life, as an attack on NATO requiring an immediate response, including the implementation of Article V"
Mexico said Monday it has arrested the former head of a federal anti-kidnapping unit in connection with the disappearance of 43 students in 2014.
Gualberto Ramírez was head of the anti-kidnapping unit for the attorney general’s office when the students from the Ayotzinapa teachers college in southern Mexico went missing.
Assistant Interior Secretary Alejandro Encinas wrote that Ramírez faces charges of disappearance, torture and conspiracy for the botched investigation into the abductions, which are defined as “disappearances” under Mexican law because only remains of three of the victims have been identified.
Security forces abducted the students from buses in the city of Iguala on Sept. 26, 2014, and turned them over to a local drug gang, which apparently killed and burned them.
Encinas also wrote in his Twitter account that eight soldiers detained in the case last week have been charged by civilian prosecutors with disappearance. The soldiers are being held in a military prison, and could continue there.
Recent revelations implicate the military in the disappearances, but the motive for the students’ abduction remains unclear, though there is growing evidence it may have involved police and military collusion with drug traffickers.
Initial investigations into the alleged perpetrators were so botched with torture, mishandling of evidence, coercion and forced confessions that many of the charges against the suspects were later dismissed.
Inspector General Michael Horowitz cited the federal Bureau of Prisons' failure to assign Epstein a cellmate after his previous one left and problems with surveillance cameras as factors in Epstein’s death.
Horowitz also said that Epstein was left in his cell with too many bed linens, which are a security issue and were used in his suicide.
The inspector general issued a report detailing findings of his investigation into Epstein's August 2019 death, the last of several official inquiries into the matter. He reiterated the findings of other investigations that there was no indication of foul play, rebutting conspiracy theories surrounding the high-profile death.
Horowitz echoed previous findings that some members of the jail staff involved in guarding Epstein were overworked. He identified 13 employees with poor performance and recommended charges against six workers. Only the two workers tasked with guarding Epstein were charged, avoiding jail time in a plea deal after admitting to falsifying logs.