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According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
In newly released research\u00a0articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 18, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 18, 2024

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December 19, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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December 19, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 18, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

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November 24, 2024

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December 19, 2024

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Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 18, 2024

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November 24, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 18, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

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\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

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November 24, 2024

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December 19, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 18, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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December 19, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 18, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

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November 24, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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August 15, 2024

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December 19, 2024

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Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 3, 2024

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Follow The Distributed

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\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

Artificial Intelligence

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November 24, 2024

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December 3, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 3, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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December 19, 2024

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Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
After years of ultra-low rates, surging borrowing costs have been a game-changer for European banks and their ability to profit from higher lending margins. This tailwind has supercharged bank stocks and investor payouts.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This week marks the start of the first quarter earnings season for major European lenders. Britain's Lloyds Banking Group kicks things off on April 24, followed by French giant BNP Paribas, Germany's Deutsche Bank, and Britain's Barclays on April 25, according to Reuters reports.<\/p>\n\n\n\n
After years of ultra-low rates, surging borrowing costs have been a game-changer for European banks and their ability to profit from higher lending margins. This tailwind has supercharged bank stocks and investor payouts.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 3, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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ADVERTISEMENT

\n
Investors are bracing for a reality check on whether higher interest rates will continue boosting European bank profits or if the year-long rally in banking shares could soon run out of steam.<\/p>\n\n\n\n
This week marks the start of the first quarter earnings season for major European lenders. Britain's Lloyds Banking Group kicks things off on April 24, followed by French giant BNP Paribas, Germany's Deutsche Bank, and Britain's Barclays on April 25, according to Reuters reports.<\/p>\n\n\n\n
After years of ultra-low rates, surging borrowing costs have been a game-changer for European banks and their ability to profit from higher lending margins. This tailwind has supercharged bank stocks and investor payouts.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Blackstone's expansion could catalyze broader changes in how private market investments are accessed by wealthy individuals across the continent. With regulatory tailwinds and growing investor interest in alternative investments, the firm's strategic push into new European markets could well set the template for how global alternative asset managers approach the region's wealth management opportunity in the years ahead.<\/p>\n","post_title":"Private Equity Giant Blackstone Sets Sights On European Wealth Expansion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"private-equity-giant-blackstone-sets-sights-on-european-wealth-expansion","to_ping":"","pinged":"","post_modified":"2024-11-07 05:31:44","post_modified_gmt":"2024-11-06 18:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19382","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16524,"post_author":"18","post_date":"2024-04-25 22:18:13","post_date_gmt":"2024-04-25 12:18:13","post_content":"\n
Investors are bracing for a reality check on whether higher interest rates will continue boosting European bank profits or if the year-long rally in banking shares could soon run out of steam.<\/p>\n\n\n\n
This week marks the start of the first quarter earnings season for major European lenders. Britain's Lloyds Banking Group kicks things off on April 24, followed by French giant BNP Paribas, Germany's Deutsche Bank, and Britain's Barclays on April 25, according to Reuters reports.<\/p>\n\n\n\n
After years of ultra-low rates, surging borrowing costs have been a game-changer for European banks and their ability to profit from higher lending margins. This tailwind has supercharged bank stocks and investor payouts.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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November 18, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
However, the path forward isn't without challenges. The recent experience with Blackstone's $55 billion BREIT property fund, which temporarily limited withdrawals until February 2023, serves as a reminder of the liquidity risks inherent in private market investments. The firm has addressed these concerns by implementing structured exit mechanisms in its retail funds, typically including one or two-year 'soft locks' with subsequent monthly or quarterly redemption opportunities.<\/p>\n\n\n\n
Blackstone's expansion could catalyze broader changes in how private market investments are accessed by wealthy individuals across the continent. With regulatory tailwinds and growing investor interest in alternative investments, the firm's strategic push into new European markets could well set the template for how global alternative asset managers approach the region's wealth management opportunity in the years ahead.<\/p>\n","post_title":"Private Equity Giant Blackstone Sets Sights On European Wealth Expansion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"private-equity-giant-blackstone-sets-sights-on-european-wealth-expansion","to_ping":"","pinged":"","post_modified":"2024-11-07 05:31:44","post_modified_gmt":"2024-11-06 18:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19382","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16524,"post_author":"18","post_date":"2024-04-25 22:18:13","post_date_gmt":"2024-04-25 12:18:13","post_content":"\n
Investors are bracing for a reality check on whether higher interest rates will continue boosting European bank profits or if the year-long rally in banking shares could soon run out of steam.<\/p>\n\n\n\n
This week marks the start of the first quarter earnings season for major European lenders. Britain's Lloyds Banking Group kicks things off on April 24, followed by French giant BNP Paribas, Germany's Deutsche Bank, and Britain's Barclays on April 25, according to Reuters reports.<\/p>\n\n\n\n
After years of ultra-low rates, surging borrowing costs have been a game-changer for European banks and their ability to profit from higher lending margins. This tailwind has supercharged bank stocks and investor payouts.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Looking ahead, industry analysts suggest this expansion could mark a significant shift in Europe's wealth management landscape. The move comes at a time when regulatory frameworks across the continent are increasingly accommodating retail participation in private markets, potentially setting the stage for a transformation in how European investors access alternative investments.<\/p>\n\n\n\n
However, the path forward isn't without challenges. The recent experience with Blackstone's $55 billion BREIT property fund, which temporarily limited withdrawals until February 2023, serves as a reminder of the liquidity risks inherent in private market investments. The firm has addressed these concerns by implementing structured exit mechanisms in its retail funds, typically including one or two-year 'soft locks' with subsequent monthly or quarterly redemption opportunities.<\/p>\n\n\n\n
Blackstone's expansion could catalyze broader changes in how private market investments are accessed by wealthy individuals across the continent. With regulatory tailwinds and growing investor interest in alternative investments, the firm's strategic push into new European markets could well set the template for how global alternative asset managers approach the region's wealth management opportunity in the years ahead.<\/p>\n","post_title":"Private Equity Giant Blackstone Sets Sights On European Wealth Expansion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"private-equity-giant-blackstone-sets-sights-on-european-wealth-expansion","to_ping":"","pinged":"","post_modified":"2024-11-07 05:31:44","post_modified_gmt":"2024-11-06 18:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19382","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16524,"post_author":"18","post_date":"2024-04-25 22:18:13","post_date_gmt":"2024-04-25 12:18:13","post_content":"\n
Investors are bracing for a reality check on whether higher interest rates will continue boosting European bank profits or if the year-long rally in banking shares could soon run out of steam.<\/p>\n\n\n\n
This week marks the start of the first quarter earnings season for major European lenders. Britain's Lloyds Banking Group kicks things off on April 24, followed by French giant BNP Paribas, Germany's Deutsche Bank, and Britain's Barclays on April 25, according to Reuters reports.<\/p>\n\n\n\n
After years of ultra-low rates, surging borrowing costs have been a game-changer for European banks and their ability to profit from higher lending margins. This tailwind has supercharged bank stocks and investor payouts.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 18, 2024

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November 24, 2024

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December 3, 2024

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Follow The Distributed

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\n
The expansion strategy centers around Blackstone's suite of semi-liquid 'evergreen' funds, designed specifically for retail investors. These products span private equity, credit, and property investments, with two new funds in credit and infrastructure scheduled for launch in early 2024, initially in the U.S. market.<\/p>\n\n\n\n
Looking ahead, industry analysts suggest this expansion could mark a significant shift in Europe's wealth management landscape. The move comes at a time when regulatory frameworks across the continent are increasingly accommodating retail participation in private markets, potentially setting the stage for a transformation in how European investors access alternative investments.<\/p>\n\n\n\n
However, the path forward isn't without challenges. The recent experience with Blackstone's $55 billion BREIT property fund, which temporarily limited withdrawals until February 2023, serves as a reminder of the liquidity risks inherent in private market investments. The firm has addressed these concerns by implementing structured exit mechanisms in its retail funds, typically including one or two-year 'soft locks' with subsequent monthly or quarterly redemption opportunities.<\/p>\n\n\n\n
Blackstone's expansion could catalyze broader changes in how private market investments are accessed by wealthy individuals across the continent. With regulatory tailwinds and growing investor interest in alternative investments, the firm's strategic push into new European markets could well set the template for how global alternative asset managers approach the region's wealth management opportunity in the years ahead.<\/p>\n","post_title":"Private Equity Giant Blackstone Sets Sights On European Wealth Expansion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"private-equity-giant-blackstone-sets-sights-on-european-wealth-expansion","to_ping":"","pinged":"","post_modified":"2024-11-07 05:31:44","post_modified_gmt":"2024-11-06 18:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19382","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16524,"post_author":"18","post_date":"2024-04-25 22:18:13","post_date_gmt":"2024-04-25 12:18:13","post_content":"\n
Investors are bracing for a reality check on whether higher interest rates will continue boosting European bank profits or if the year-long rally in banking shares could soon run out of steam.<\/p>\n\n\n\n
This week marks the start of the first quarter earnings season for major European lenders. Britain's Lloyds Banking Group kicks things off on April 24, followed by French giant BNP Paribas, Germany's Deutsche Bank, and Britain's Barclays on April 25, according to Reuters reports.<\/p>\n\n\n\n
After years of ultra-low rates, surging borrowing costs have been a game-changer for European banks and their ability to profit from higher lending margins. This tailwind has supercharged bank stocks and investor payouts.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Expansion Strategy Of Blackstone<\/h2>\n\n\n\n
The expansion strategy centers around Blackstone's suite of semi-liquid 'evergreen' funds, designed specifically for retail investors. These products span private equity, credit, and property investments, with two new funds in credit and infrastructure scheduled for launch in early 2024, initially in the U.S. market.<\/p>\n\n\n\n
Looking ahead, industry analysts suggest this expansion could mark a significant shift in Europe's wealth management landscape. The move comes at a time when regulatory frameworks across the continent are increasingly accommodating retail participation in private markets, potentially setting the stage for a transformation in how European investors access alternative investments.<\/p>\n\n\n\n
However, the path forward isn't without challenges. The recent experience with Blackstone's $55 billion BREIT property fund, which temporarily limited withdrawals until February 2023, serves as a reminder of the liquidity risks inherent in private market investments. The firm has addressed these concerns by implementing structured exit mechanisms in its retail funds, typically including one or two-year 'soft locks' with subsequent monthly or quarterly redemption opportunities.<\/p>\n\n\n\n
Blackstone's expansion could catalyze broader changes in how private market investments are accessed by wealthy individuals across the continent. With regulatory tailwinds and growing investor interest in alternative investments, the firm's strategic push into new European markets could well set the template for how global alternative asset managers approach the region's wealth management opportunity in the years ahead.<\/p>\n","post_title":"Private Equity Giant Blackstone Sets Sights On European Wealth Expansion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"private-equity-giant-blackstone-sets-sights-on-european-wealth-expansion","to_ping":"","pinged":"","post_modified":"2024-11-07 05:31:44","post_modified_gmt":"2024-11-06 18:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19382","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16524,"post_author":"18","post_date":"2024-04-25 22:18:13","post_date_gmt":"2024-04-25 12:18:13","post_content":"\n
Investors are bracing for a reality check on whether higher interest rates will continue boosting European bank profits or if the year-long rally in banking shares could soon run out of steam.<\/p>\n\n\n\n
This week marks the start of the first quarter earnings season for major European lenders. Britain's Lloyds Banking Group kicks things off on April 24, followed by French giant BNP Paribas, Germany's Deutsche Bank, and Britain's Barclays on April 25, according to Reuters reports.<\/p>\n\n\n\n
After years of ultra-low rates, surging borrowing costs have been a game-changer for European banks and their ability to profit from higher lending margins. This tailwind has supercharged bank stocks and investor payouts.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related:<\/em><\/strong> FTX Settles European Expansion Dispute For $33M<\/a><\/p>\n\n\n\n
Expansion Strategy Of Blackstone<\/h2>\n\n\n\n
The expansion strategy centers around Blackstone's suite of semi-liquid 'evergreen' funds, designed specifically for retail investors. These products span private equity, credit, and property investments, with two new funds in credit and infrastructure scheduled for launch in early 2024, initially in the U.S. market.<\/p>\n\n\n\n
Looking ahead, industry analysts suggest this expansion could mark a significant shift in Europe's wealth management landscape. The move comes at a time when regulatory frameworks across the continent are increasingly accommodating retail participation in private markets, potentially setting the stage for a transformation in how European investors access alternative investments.<\/p>\n\n\n\n
However, the path forward isn't without challenges. The recent experience with Blackstone's $55 billion BREIT property fund, which temporarily limited withdrawals until February 2023, serves as a reminder of the liquidity risks inherent in private market investments. The firm has addressed these concerns by implementing structured exit mechanisms in its retail funds, typically including one or two-year 'soft locks' with subsequent monthly or quarterly redemption opportunities.<\/p>\n\n\n\n
Blackstone's expansion could catalyze broader changes in how private market investments are accessed by wealthy individuals across the continent. With regulatory tailwinds and growing investor interest in alternative investments, the firm's strategic push into new European markets could well set the template for how global alternative asset managers approach the region's wealth management opportunity in the years ahead.<\/p>\n","post_title":"Private Equity Giant Blackstone Sets Sights On European Wealth Expansion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"private-equity-giant-blackstone-sets-sights-on-european-wealth-expansion","to_ping":"","pinged":"","post_modified":"2024-11-07 05:31:44","post_modified_gmt":"2024-11-06 18:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19382","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16524,"post_author":"18","post_date":"2024-04-25 22:18:13","post_date_gmt":"2024-04-25 12:18:13","post_content":"\n
Investors are bracing for a reality check on whether higher interest rates will continue boosting European bank profits or if the year-long rally in banking shares could soon run out of steam.<\/p>\n\n\n\n
This week marks the start of the first quarter earnings season for major European lenders. Britain's Lloyds Banking Group kicks things off on April 24, followed by French giant BNP Paribas, Germany's Deutsche Bank, and Britain's Barclays on April 25, according to Reuters reports.<\/p>\n\n\n\n
After years of ultra-low rates, surging borrowing costs have been a game-changer for European banks and their ability to profit from higher lending margins. This tailwind has supercharged bank stocks and investor payouts.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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November 18, 2024

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November 24, 2024

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December 3, 2024

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Follow The Distributed

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\n
To strengthen its European operations, the firm has appointed Sheila Rapple as chief operating officer for EMEA Wealth, who recently relocated to London from New York.<\/p>\n\n\n\n
See Related:<\/em><\/strong> FTX Settles European Expansion Dispute For $33M<\/a><\/p>\n\n\n\n
Expansion Strategy Of Blackstone<\/h2>\n\n\n\n
The expansion strategy centers around Blackstone's suite of semi-liquid 'evergreen' funds, designed specifically for retail investors. These products span private equity, credit, and property investments, with two new funds in credit and infrastructure scheduled for launch in early 2024, initially in the U.S. market.<\/p>\n\n\n\n
Looking ahead, industry analysts suggest this expansion could mark a significant shift in Europe's wealth management landscape. The move comes at a time when regulatory frameworks across the continent are increasingly accommodating retail participation in private markets, potentially setting the stage for a transformation in how European investors access alternative investments.<\/p>\n\n\n\n
However, the path forward isn't without challenges. The recent experience with Blackstone's $55 billion BREIT property fund, which temporarily limited withdrawals until February 2023, serves as a reminder of the liquidity risks inherent in private market investments. The firm has addressed these concerns by implementing structured exit mechanisms in its retail funds, typically including one or two-year 'soft locks' with subsequent monthly or quarterly redemption opportunities.<\/p>\n\n\n\n
Blackstone's expansion could catalyze broader changes in how private market investments are accessed by wealthy individuals across the continent. With regulatory tailwinds and growing investor interest in alternative investments, the firm's strategic push into new European markets could well set the template for how global alternative asset managers approach the region's wealth management opportunity in the years ahead.<\/p>\n","post_title":"Private Equity Giant Blackstone Sets Sights On European Wealth Expansion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"private-equity-giant-blackstone-sets-sights-on-european-wealth-expansion","to_ping":"","pinged":"","post_modified":"2024-11-07 05:31:44","post_modified_gmt":"2024-11-06 18:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19382","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16524,"post_author":"18","post_date":"2024-04-25 22:18:13","post_date_gmt":"2024-04-25 12:18:13","post_content":"\n
Investors are bracing for a reality check on whether higher interest rates will continue boosting European bank profits or if the year-long rally in banking shares could soon run out of steam.<\/p>\n\n\n\n
This week marks the start of the first quarter earnings season for major European lenders. Britain's Lloyds Banking Group kicks things off on April 24, followed by French giant BNP Paribas, Germany's Deutsche Bank, and Britain's Barclays on April 25, according to Reuters reports.<\/p>\n\n\n\n
After years of ultra-low rates, surging borrowing costs have been a game-changer for European banks and their ability to profit from higher lending margins. This tailwind has supercharged bank stocks and investor payouts.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Currently operating wealth offices in London, Paris, Zurich, Milan, and Frankfurt, Blackstone <\/a>has identified France and Italy as its strongest growth markets, while the UK has shown slower progression. The firm offers investment products with relatively accessible minimum thresholds of $10,000 to $25,000, making private market investments available to a broader audience of wealthy individuals.<\/p>\n\n\n\n
To strengthen its European operations, the firm has appointed Sheila Rapple as chief operating officer for EMEA Wealth, who recently relocated to London from New York.<\/p>\n\n\n\n
See Related:<\/em><\/strong> FTX Settles European Expansion Dispute For $33M<\/a><\/p>\n\n\n\n
Expansion Strategy Of Blackstone<\/h2>\n\n\n\n
The expansion strategy centers around Blackstone's suite of semi-liquid 'evergreen' funds, designed specifically for retail investors. These products span private equity, credit, and property investments, with two new funds in credit and infrastructure scheduled for launch in early 2024, initially in the U.S. market.<\/p>\n\n\n\n
Looking ahead, industry analysts suggest this expansion could mark a significant shift in Europe's wealth management landscape. The move comes at a time when regulatory frameworks across the continent are increasingly accommodating retail participation in private markets, potentially setting the stage for a transformation in how European investors access alternative investments.<\/p>\n\n\n\n
However, the path forward isn't without challenges. The recent experience with Blackstone's $55 billion BREIT property fund, which temporarily limited withdrawals until February 2023, serves as a reminder of the liquidity risks inherent in private market investments. The firm has addressed these concerns by implementing structured exit mechanisms in its retail funds, typically including one or two-year 'soft locks' with subsequent monthly or quarterly redemption opportunities.<\/p>\n\n\n\n
Blackstone's expansion could catalyze broader changes in how private market investments are accessed by wealthy individuals across the continent. With regulatory tailwinds and growing investor interest in alternative investments, the firm's strategic push into new European markets could well set the template for how global alternative asset managers approach the region's wealth management opportunity in the years ahead.<\/p>\n","post_title":"Private Equity Giant Blackstone Sets Sights On European Wealth Expansion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"private-equity-giant-blackstone-sets-sights-on-european-wealth-expansion","to_ping":"","pinged":"","post_modified":"2024-11-07 05:31:44","post_modified_gmt":"2024-11-06 18:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19382","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16524,"post_author":"18","post_date":"2024-04-25 22:18:13","post_date_gmt":"2024-04-25 12:18:13","post_content":"\n
Investors are bracing for a reality check on whether higher interest rates will continue boosting European bank profits or if the year-long rally in banking shares could soon run out of steam.<\/p>\n\n\n\n
This week marks the start of the first quarter earnings season for major European lenders. Britain's Lloyds Banking Group kicks things off on April 24, followed by French giant BNP Paribas, Germany's Deutsche Bank, and Britain's Barclays on April 25, according to Reuters reports.<\/p>\n\n\n\n
After years of ultra-low rates, surging borrowing costs have been a game-changer for European banks and their ability to profit from higher lending margins. This tailwind has supercharged bank stocks and investor payouts.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

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December 3, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
The New York-based firm has already seen remarkable growth in its private wealth business, with assets surging to approximately $250 billion from $103 billion in 2020. This segment now represents nearly a quarter of Blackstone's impressive $1.1 trillion total assets under management.<\/p>\n\n\n\n
Currently operating wealth offices in London, Paris, Zurich, Milan, and Frankfurt, Blackstone <\/a>has identified France and Italy as its strongest growth markets, while the UK has shown slower progression. The firm offers investment products with relatively accessible minimum thresholds of $10,000 to $25,000, making private market investments available to a broader audience of wealthy individuals.<\/p>\n\n\n\n
To strengthen its European operations, the firm has appointed Sheila Rapple as chief operating officer for EMEA Wealth, who recently relocated to London from New York.<\/p>\n\n\n\n
See Related:<\/em><\/strong> FTX Settles European Expansion Dispute For $33M<\/a><\/p>\n\n\n\n
Expansion Strategy Of Blackstone<\/h2>\n\n\n\n
The expansion strategy centers around Blackstone's suite of semi-liquid 'evergreen' funds, designed specifically for retail investors. These products span private equity, credit, and property investments, with two new funds in credit and infrastructure scheduled for launch in early 2024, initially in the U.S. market.<\/p>\n\n\n\n
Looking ahead, industry analysts suggest this expansion could mark a significant shift in Europe's wealth management landscape. The move comes at a time when regulatory frameworks across the continent are increasingly accommodating retail participation in private markets, potentially setting the stage for a transformation in how European investors access alternative investments.<\/p>\n\n\n\n
However, the path forward isn't without challenges. The recent experience with Blackstone's $55 billion BREIT property fund, which temporarily limited withdrawals until February 2023, serves as a reminder of the liquidity risks inherent in private market investments. The firm has addressed these concerns by implementing structured exit mechanisms in its retail funds, typically including one or two-year 'soft locks' with subsequent monthly or quarterly redemption opportunities.<\/p>\n\n\n\n
Blackstone's expansion could catalyze broader changes in how private market investments are accessed by wealthy individuals across the continent. With regulatory tailwinds and growing investor interest in alternative investments, the firm's strategic push into new European markets could well set the template for how global alternative asset managers approach the region's wealth management opportunity in the years ahead.<\/p>\n","post_title":"Private Equity Giant Blackstone Sets Sights On European Wealth Expansion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"private-equity-giant-blackstone-sets-sights-on-european-wealth-expansion","to_ping":"","pinged":"","post_modified":"2024-11-07 05:31:44","post_modified_gmt":"2024-11-06 18:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19382","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16524,"post_author":"18","post_date":"2024-04-25 22:18:13","post_date_gmt":"2024-04-25 12:18:13","post_content":"\n
Investors are bracing for a reality check on whether higher interest rates will continue boosting European bank profits or if the year-long rally in banking shares could soon run out of steam.<\/p>\n\n\n\n
This week marks the start of the first quarter earnings season for major European lenders. Britain's Lloyds Banking Group kicks things off on April 24, followed by French giant BNP Paribas, Germany's Deutsche Bank, and Britain's Barclays on April 25, according to Reuters reports.<\/p>\n\n\n\n
After years of ultra-low rates, surging borrowing costs have been a game-changer for European banks and their ability to profit from higher lending margins. This tailwind has supercharged bank stocks and investor payouts.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
According to Reuters, private equity powerhouse Blackstone is planning to expand its presence into at least two new European markets in 2024 in a strategic move to tap into Europe's growing wealth management sector. This expansion comes as the investment giant diversifies its trillion-dollar portfolio beyond traditional institutional clients.<\/p>\n\n\n\n
The New York-based firm has already seen remarkable growth in its private wealth business, with assets surging to approximately $250 billion from $103 billion in 2020. This segment now represents nearly a quarter of Blackstone's impressive $1.1 trillion total assets under management.<\/p>\n\n\n\n
Currently operating wealth offices in London, Paris, Zurich, Milan, and Frankfurt, Blackstone <\/a>has identified France and Italy as its strongest growth markets, while the UK has shown slower progression. The firm offers investment products with relatively accessible minimum thresholds of $10,000 to $25,000, making private market investments available to a broader audience of wealthy individuals.<\/p>\n\n\n\n
To strengthen its European operations, the firm has appointed Sheila Rapple as chief operating officer for EMEA Wealth, who recently relocated to London from New York.<\/p>\n\n\n\n
See Related:<\/em><\/strong> FTX Settles European Expansion Dispute For $33M<\/a><\/p>\n\n\n\n
Expansion Strategy Of Blackstone<\/h2>\n\n\n\n
The expansion strategy centers around Blackstone's suite of semi-liquid 'evergreen' funds, designed specifically for retail investors. These products span private equity, credit, and property investments, with two new funds in credit and infrastructure scheduled for launch in early 2024, initially in the U.S. market.<\/p>\n\n\n\n
Looking ahead, industry analysts suggest this expansion could mark a significant shift in Europe's wealth management landscape. The move comes at a time when regulatory frameworks across the continent are increasingly accommodating retail participation in private markets, potentially setting the stage for a transformation in how European investors access alternative investments.<\/p>\n\n\n\n
However, the path forward isn't without challenges. The recent experience with Blackstone's $55 billion BREIT property fund, which temporarily limited withdrawals until February 2023, serves as a reminder of the liquidity risks inherent in private market investments. The firm has addressed these concerns by implementing structured exit mechanisms in its retail funds, typically including one or two-year 'soft locks' with subsequent monthly or quarterly redemption opportunities.<\/p>\n\n\n\n
Blackstone's expansion could catalyze broader changes in how private market investments are accessed by wealthy individuals across the continent. With regulatory tailwinds and growing investor interest in alternative investments, the firm's strategic push into new European markets could well set the template for how global alternative asset managers approach the region's wealth management opportunity in the years ahead.<\/p>\n","post_title":"Private Equity Giant Blackstone Sets Sights On European Wealth Expansion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"private-equity-giant-blackstone-sets-sights-on-european-wealth-expansion","to_ping":"","pinged":"","post_modified":"2024-11-07 05:31:44","post_modified_gmt":"2024-11-06 18:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19382","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16524,"post_author":"18","post_date":"2024-04-25 22:18:13","post_date_gmt":"2024-04-25 12:18:13","post_content":"\n
Investors are bracing for a reality check on whether higher interest rates will continue boosting European bank profits or if the year-long rally in banking shares could soon run out of steam.<\/p>\n\n\n\n
This week marks the start of the first quarter earnings season for major European lenders. Britain's Lloyds Banking Group kicks things off on April 24, followed by French giant BNP Paribas, Germany's Deutsche Bank, and Britain's Barclays on April 25, according to Reuters reports.<\/p>\n\n\n\n
After years of ultra-low rates, surging borrowing costs have been a game-changer for European banks and their ability to profit from higher lending margins. This tailwind has supercharged bank stocks and investor payouts.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

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December 3, 2024

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\n
The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19382,"post_author":"18","post_date":"2024-11-07 05:28:39","post_date_gmt":"2024-11-06 18:28:39","post_content":"\n
According to Reuters, private equity powerhouse Blackstone is planning to expand its presence into at least two new European markets in 2024 in a strategic move to tap into Europe's growing wealth management sector. This expansion comes as the investment giant diversifies its trillion-dollar portfolio beyond traditional institutional clients.<\/p>\n\n\n\n
The New York-based firm has already seen remarkable growth in its private wealth business, with assets surging to approximately $250 billion from $103 billion in 2020. This segment now represents nearly a quarter of Blackstone's impressive $1.1 trillion total assets under management.<\/p>\n\n\n\n
Currently operating wealth offices in London, Paris, Zurich, Milan, and Frankfurt, Blackstone <\/a>has identified France and Italy as its strongest growth markets, while the UK has shown slower progression. The firm offers investment products with relatively accessible minimum thresholds of $10,000 to $25,000, making private market investments available to a broader audience of wealthy individuals.<\/p>\n\n\n\n
To strengthen its European operations, the firm has appointed Sheila Rapple as chief operating officer for EMEA Wealth, who recently relocated to London from New York.<\/p>\n\n\n\n
See Related:<\/em><\/strong> FTX Settles European Expansion Dispute For $33M<\/a><\/p>\n\n\n\n
Expansion Strategy Of Blackstone<\/h2>\n\n\n\n
The expansion strategy centers around Blackstone's suite of semi-liquid 'evergreen' funds, designed specifically for retail investors. These products span private equity, credit, and property investments, with two new funds in credit and infrastructure scheduled for launch in early 2024, initially in the U.S. market.<\/p>\n\n\n\n
Looking ahead, industry analysts suggest this expansion could mark a significant shift in Europe's wealth management landscape. The move comes at a time when regulatory frameworks across the continent are increasingly accommodating retail participation in private markets, potentially setting the stage for a transformation in how European investors access alternative investments.<\/p>\n\n\n\n
However, the path forward isn't without challenges. The recent experience with Blackstone's $55 billion BREIT property fund, which temporarily limited withdrawals until February 2023, serves as a reminder of the liquidity risks inherent in private market investments. The firm has addressed these concerns by implementing structured exit mechanisms in its retail funds, typically including one or two-year 'soft locks' with subsequent monthly or quarterly redemption opportunities.<\/p>\n\n\n\n
Blackstone's expansion could catalyze broader changes in how private market investments are accessed by wealthy individuals across the continent. With regulatory tailwinds and growing investor interest in alternative investments, the firm's strategic push into new European markets could well set the template for how global alternative asset managers approach the region's wealth management opportunity in the years ahead.<\/p>\n","post_title":"Private Equity Giant Blackstone Sets Sights On European Wealth Expansion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"private-equity-giant-blackstone-sets-sights-on-european-wealth-expansion","to_ping":"","pinged":"","post_modified":"2024-11-07 05:31:44","post_modified_gmt":"2024-11-06 18:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19382","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16524,"post_author":"18","post_date":"2024-04-25 22:18:13","post_date_gmt":"2024-04-25 12:18:13","post_content":"\n
Investors are bracing for a reality check on whether higher interest rates will continue boosting European bank profits or if the year-long rally in banking shares could soon run out of steam.<\/p>\n\n\n\n
This week marks the start of the first quarter earnings season for major European lenders. Britain's Lloyds Banking Group kicks things off on April 24, followed by French giant BNP Paribas, Germany's Deutsche Bank, and Britain's Barclays on April 25, according to Reuters reports.<\/p>\n\n\n\n
After years of ultra-low rates, surging borrowing costs have been a game-changer for European banks and their ability to profit from higher lending margins. This tailwind has supercharged bank stocks and investor payouts.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

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Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n
The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19382,"post_author":"18","post_date":"2024-11-07 05:28:39","post_date_gmt":"2024-11-06 18:28:39","post_content":"\n
According to Reuters, private equity powerhouse Blackstone is planning to expand its presence into at least two new European markets in 2024 in a strategic move to tap into Europe's growing wealth management sector. This expansion comes as the investment giant diversifies its trillion-dollar portfolio beyond traditional institutional clients.<\/p>\n\n\n\n
The New York-based firm has already seen remarkable growth in its private wealth business, with assets surging to approximately $250 billion from $103 billion in 2020. This segment now represents nearly a quarter of Blackstone's impressive $1.1 trillion total assets under management.<\/p>\n\n\n\n
Currently operating wealth offices in London, Paris, Zurich, Milan, and Frankfurt, Blackstone <\/a>has identified France and Italy as its strongest growth markets, while the UK has shown slower progression. The firm offers investment products with relatively accessible minimum thresholds of $10,000 to $25,000, making private market investments available to a broader audience of wealthy individuals.<\/p>\n\n\n\n
To strengthen its European operations, the firm has appointed Sheila Rapple as chief operating officer for EMEA Wealth, who recently relocated to London from New York.<\/p>\n\n\n\n
See Related:<\/em><\/strong> FTX Settles European Expansion Dispute For $33M<\/a><\/p>\n\n\n\n
Expansion Strategy Of Blackstone<\/h2>\n\n\n\n
The expansion strategy centers around Blackstone's suite of semi-liquid 'evergreen' funds, designed specifically for retail investors. These products span private equity, credit, and property investments, with two new funds in credit and infrastructure scheduled for launch in early 2024, initially in the U.S. market.<\/p>\n\n\n\n
Looking ahead, industry analysts suggest this expansion could mark a significant shift in Europe's wealth management landscape. The move comes at a time when regulatory frameworks across the continent are increasingly accommodating retail participation in private markets, potentially setting the stage for a transformation in how European investors access alternative investments.<\/p>\n\n\n\n
However, the path forward isn't without challenges. The recent experience with Blackstone's $55 billion BREIT property fund, which temporarily limited withdrawals until February 2023, serves as a reminder of the liquidity risks inherent in private market investments. The firm has addressed these concerns by implementing structured exit mechanisms in its retail funds, typically including one or two-year 'soft locks' with subsequent monthly or quarterly redemption opportunities.<\/p>\n\n\n\n
Blackstone's expansion could catalyze broader changes in how private market investments are accessed by wealthy individuals across the continent. With regulatory tailwinds and growing investor interest in alternative investments, the firm's strategic push into new European markets could well set the template for how global alternative asset managers approach the region's wealth management opportunity in the years ahead.<\/p>\n","post_title":"Private Equity Giant Blackstone Sets Sights On European Wealth Expansion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"private-equity-giant-blackstone-sets-sights-on-european-wealth-expansion","to_ping":"","pinged":"","post_modified":"2024-11-07 05:31:44","post_modified_gmt":"2024-11-06 18:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19382","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16524,"post_author":"18","post_date":"2024-04-25 22:18:13","post_date_gmt":"2024-04-25 12:18:13","post_content":"\n
Investors are bracing for a reality check on whether higher interest rates will continue boosting European bank profits or if the year-long rally in banking shares could soon run out of steam.<\/p>\n\n\n\n
This week marks the start of the first quarter earnings season for major European lenders. Britain's Lloyds Banking Group kicks things off on April 24, followed by French giant BNP Paribas, Germany's Deutsche Bank, and Britain's Barclays on April 25, according to Reuters reports.<\/p>\n\n\n\n
After years of ultra-low rates, surging borrowing costs have been a game-changer for European banks and their ability to profit from higher lending margins. This tailwind has supercharged bank stocks and investor payouts.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Revolute's History In Europe<\/h2>\n\n\n\n
Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n
The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19382,"post_author":"18","post_date":"2024-11-07 05:28:39","post_date_gmt":"2024-11-06 18:28:39","post_content":"\n
According to Reuters, private equity powerhouse Blackstone is planning to expand its presence into at least two new European markets in 2024 in a strategic move to tap into Europe's growing wealth management sector. This expansion comes as the investment giant diversifies its trillion-dollar portfolio beyond traditional institutional clients.<\/p>\n\n\n\n
The New York-based firm has already seen remarkable growth in its private wealth business, with assets surging to approximately $250 billion from $103 billion in 2020. This segment now represents nearly a quarter of Blackstone's impressive $1.1 trillion total assets under management.<\/p>\n\n\n\n
Currently operating wealth offices in London, Paris, Zurich, Milan, and Frankfurt, Blackstone <\/a>has identified France and Italy as its strongest growth markets, while the UK has shown slower progression. The firm offers investment products with relatively accessible minimum thresholds of $10,000 to $25,000, making private market investments available to a broader audience of wealthy individuals.<\/p>\n\n\n\n
To strengthen its European operations, the firm has appointed Sheila Rapple as chief operating officer for EMEA Wealth, who recently relocated to London from New York.<\/p>\n\n\n\n
See Related:<\/em><\/strong> FTX Settles European Expansion Dispute For $33M<\/a><\/p>\n\n\n\n
Expansion Strategy Of Blackstone<\/h2>\n\n\n\n
The expansion strategy centers around Blackstone's suite of semi-liquid 'evergreen' funds, designed specifically for retail investors. These products span private equity, credit, and property investments, with two new funds in credit and infrastructure scheduled for launch in early 2024, initially in the U.S. market.<\/p>\n\n\n\n
Looking ahead, industry analysts suggest this expansion could mark a significant shift in Europe's wealth management landscape. The move comes at a time when regulatory frameworks across the continent are increasingly accommodating retail participation in private markets, potentially setting the stage for a transformation in how European investors access alternative investments.<\/p>\n\n\n\n
However, the path forward isn't without challenges. The recent experience with Blackstone's $55 billion BREIT property fund, which temporarily limited withdrawals until February 2023, serves as a reminder of the liquidity risks inherent in private market investments. The firm has addressed these concerns by implementing structured exit mechanisms in its retail funds, typically including one or two-year 'soft locks' with subsequent monthly or quarterly redemption opportunities.<\/p>\n\n\n\n
Blackstone's expansion could catalyze broader changes in how private market investments are accessed by wealthy individuals across the continent. With regulatory tailwinds and growing investor interest in alternative investments, the firm's strategic push into new European markets could well set the template for how global alternative asset managers approach the region's wealth management opportunity in the years ahead.<\/p>\n","post_title":"Private Equity Giant Blackstone Sets Sights On European Wealth Expansion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"private-equity-giant-blackstone-sets-sights-on-european-wealth-expansion","to_ping":"","pinged":"","post_modified":"2024-11-07 05:31:44","post_modified_gmt":"2024-11-06 18:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19382","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16524,"post_author":"18","post_date":"2024-04-25 22:18:13","post_date_gmt":"2024-04-25 12:18:13","post_content":"\n
Investors are bracing for a reality check on whether higher interest rates will continue boosting European bank profits or if the year-long rally in banking shares could soon run out of steam.<\/p>\n\n\n\n
This week marks the start of the first quarter earnings season for major European lenders. Britain's Lloyds Banking Group kicks things off on April 24, followed by French giant BNP Paribas, Germany's Deutsche Bank, and Britain's Barclays on April 25, according to Reuters reports.<\/p>\n\n\n\n
After years of ultra-low rates, surging borrowing costs have been a game-changer for European banks and their ability to profit from higher lending margins. This tailwind has supercharged bank stocks and investor payouts.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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December 19, 2024

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December 3, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
See Related: <\/em><\/strong>Robinhood And Revolut Consider Entering Stablecoin Market<\/a><\/p>\n\n\n\n
Revolute's History In Europe<\/h2>\n\n\n\n
Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n
The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19382,"post_author":"18","post_date":"2024-11-07 05:28:39","post_date_gmt":"2024-11-06 18:28:39","post_content":"\n
According to Reuters, private equity powerhouse Blackstone is planning to expand its presence into at least two new European markets in 2024 in a strategic move to tap into Europe's growing wealth management sector. This expansion comes as the investment giant diversifies its trillion-dollar portfolio beyond traditional institutional clients.<\/p>\n\n\n\n
The New York-based firm has already seen remarkable growth in its private wealth business, with assets surging to approximately $250 billion from $103 billion in 2020. This segment now represents nearly a quarter of Blackstone's impressive $1.1 trillion total assets under management.<\/p>\n\n\n\n
Currently operating wealth offices in London, Paris, Zurich, Milan, and Frankfurt, Blackstone <\/a>has identified France and Italy as its strongest growth markets, while the UK has shown slower progression. The firm offers investment products with relatively accessible minimum thresholds of $10,000 to $25,000, making private market investments available to a broader audience of wealthy individuals.<\/p>\n\n\n\n
To strengthen its European operations, the firm has appointed Sheila Rapple as chief operating officer for EMEA Wealth, who recently relocated to London from New York.<\/p>\n\n\n\n
See Related:<\/em><\/strong> FTX Settles European Expansion Dispute For $33M<\/a><\/p>\n\n\n\n
Expansion Strategy Of Blackstone<\/h2>\n\n\n\n
The expansion strategy centers around Blackstone's suite of semi-liquid 'evergreen' funds, designed specifically for retail investors. These products span private equity, credit, and property investments, with two new funds in credit and infrastructure scheduled for launch in early 2024, initially in the U.S. market.<\/p>\n\n\n\n
Looking ahead, industry analysts suggest this expansion could mark a significant shift in Europe's wealth management landscape. The move comes at a time when regulatory frameworks across the continent are increasingly accommodating retail participation in private markets, potentially setting the stage for a transformation in how European investors access alternative investments.<\/p>\n\n\n\n
However, the path forward isn't without challenges. The recent experience with Blackstone's $55 billion BREIT property fund, which temporarily limited withdrawals until February 2023, serves as a reminder of the liquidity risks inherent in private market investments. The firm has addressed these concerns by implementing structured exit mechanisms in its retail funds, typically including one or two-year 'soft locks' with subsequent monthly or quarterly redemption opportunities.<\/p>\n\n\n\n
Blackstone's expansion could catalyze broader changes in how private market investments are accessed by wealthy individuals across the continent. With regulatory tailwinds and growing investor interest in alternative investments, the firm's strategic push into new European markets could well set the template for how global alternative asset managers approach the region's wealth management opportunity in the years ahead.<\/p>\n","post_title":"Private Equity Giant Blackstone Sets Sights On European Wealth Expansion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"private-equity-giant-blackstone-sets-sights-on-european-wealth-expansion","to_ping":"","pinged":"","post_modified":"2024-11-07 05:31:44","post_modified_gmt":"2024-11-06 18:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19382","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16524,"post_author":"18","post_date":"2024-04-25 22:18:13","post_date_gmt":"2024-04-25 12:18:13","post_content":"\n
Investors are bracing for a reality check on whether higher interest rates will continue boosting European bank profits or if the year-long rally in banking shares could soon run out of steam.<\/p>\n\n\n\n
This week marks the start of the first quarter earnings season for major European lenders. Britain's Lloyds Banking Group kicks things off on April 24, followed by French giant BNP Paribas, Germany's Deutsche Bank, and Britain's Barclays on April 25, according to Reuters reports.<\/p>\n\n\n\n
After years of ultra-low rates, surging borrowing costs have been a game-changer for European banks and their ability to profit from higher lending margins. This tailwind has supercharged bank stocks and investor payouts.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

November 18, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

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Follow The Distributed

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\n
Experienced traders in the EEA can buy and sell over 200 cryptocurrencies on this desktop platform. Revolut\u2019s crypto head, Leonid Bashiykov, says traders appreciate the platform\u2019s near-zero fees and wide asset range. \u201cWith Revolut X, we aim to become a strong alternative in the crypto trading space,\u201d <\/em>Bashiykov noted.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Robinhood And Revolut Consider Entering Stablecoin Market<\/a><\/p>\n\n\n\n
Revolute's History In Europe<\/h2>\n\n\n\n
Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n
The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19382,"post_author":"18","post_date":"2024-11-07 05:28:39","post_date_gmt":"2024-11-06 18:28:39","post_content":"\n
According to Reuters, private equity powerhouse Blackstone is planning to expand its presence into at least two new European markets in 2024 in a strategic move to tap into Europe's growing wealth management sector. This expansion comes as the investment giant diversifies its trillion-dollar portfolio beyond traditional institutional clients.<\/p>\n\n\n\n
The New York-based firm has already seen remarkable growth in its private wealth business, with assets surging to approximately $250 billion from $103 billion in 2020. This segment now represents nearly a quarter of Blackstone's impressive $1.1 trillion total assets under management.<\/p>\n\n\n\n
Currently operating wealth offices in London, Paris, Zurich, Milan, and Frankfurt, Blackstone <\/a>has identified France and Italy as its strongest growth markets, while the UK has shown slower progression. The firm offers investment products with relatively accessible minimum thresholds of $10,000 to $25,000, making private market investments available to a broader audience of wealthy individuals.<\/p>\n\n\n\n
To strengthen its European operations, the firm has appointed Sheila Rapple as chief operating officer for EMEA Wealth, who recently relocated to London from New York.<\/p>\n\n\n\n
See Related:<\/em><\/strong> FTX Settles European Expansion Dispute For $33M<\/a><\/p>\n\n\n\n
Expansion Strategy Of Blackstone<\/h2>\n\n\n\n
The expansion strategy centers around Blackstone's suite of semi-liquid 'evergreen' funds, designed specifically for retail investors. These products span private equity, credit, and property investments, with two new funds in credit and infrastructure scheduled for launch in early 2024, initially in the U.S. market.<\/p>\n\n\n\n
Looking ahead, industry analysts suggest this expansion could mark a significant shift in Europe's wealth management landscape. The move comes at a time when regulatory frameworks across the continent are increasingly accommodating retail participation in private markets, potentially setting the stage for a transformation in how European investors access alternative investments.<\/p>\n\n\n\n
However, the path forward isn't without challenges. The recent experience with Blackstone's $55 billion BREIT property fund, which temporarily limited withdrawals until February 2023, serves as a reminder of the liquidity risks inherent in private market investments. The firm has addressed these concerns by implementing structured exit mechanisms in its retail funds, typically including one or two-year 'soft locks' with subsequent monthly or quarterly redemption opportunities.<\/p>\n\n\n\n
Blackstone's expansion could catalyze broader changes in how private market investments are accessed by wealthy individuals across the continent. With regulatory tailwinds and growing investor interest in alternative investments, the firm's strategic push into new European markets could well set the template for how global alternative asset managers approach the region's wealth management opportunity in the years ahead.<\/p>\n","post_title":"Private Equity Giant Blackstone Sets Sights On European Wealth Expansion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"private-equity-giant-blackstone-sets-sights-on-european-wealth-expansion","to_ping":"","pinged":"","post_modified":"2024-11-07 05:31:44","post_modified_gmt":"2024-11-06 18:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19382","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16524,"post_author":"18","post_date":"2024-04-25 22:18:13","post_date_gmt":"2024-04-25 12:18:13","post_content":"\n
Investors are bracing for a reality check on whether higher interest rates will continue boosting European bank profits or if the year-long rally in banking shares could soon run out of steam.<\/p>\n\n\n\n
This week marks the start of the first quarter earnings season for major European lenders. Britain's Lloyds Banking Group kicks things off on April 24, followed by French giant BNP Paribas, Germany's Deutsche Bank, and Britain's Barclays on April 25, according to Reuters reports.<\/p>\n\n\n\n
After years of ultra-low rates, surging borrowing costs have been a game-changer for European banks and their ability to profit from higher lending margins. This tailwind has supercharged bank stocks and investor payouts.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Revolut has offered crypto trading since 2017, but Revolut X is its first standalone platform. Launched in the UK earlier this year, Revolut X now broadens access to crypto trading across Europe.<\/p>\n\n\n\n
Experienced traders in the EEA can buy and sell over 200 cryptocurrencies on this desktop platform. Revolut\u2019s crypto head, Leonid Bashiykov, says traders appreciate the platform\u2019s near-zero fees and wide asset range. \u201cWith Revolut X, we aim to become a strong alternative in the crypto trading space,\u201d <\/em>Bashiykov noted.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Robinhood And Revolut Consider Entering Stablecoin Market<\/a><\/p>\n\n\n\n
Revolute's History In Europe<\/h2>\n\n\n\n
Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n
The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19382,"post_author":"18","post_date":"2024-11-07 05:28:39","post_date_gmt":"2024-11-06 18:28:39","post_content":"\n
According to Reuters, private equity powerhouse Blackstone is planning to expand its presence into at least two new European markets in 2024 in a strategic move to tap into Europe's growing wealth management sector. This expansion comes as the investment giant diversifies its trillion-dollar portfolio beyond traditional institutional clients.<\/p>\n\n\n\n
The New York-based firm has already seen remarkable growth in its private wealth business, with assets surging to approximately $250 billion from $103 billion in 2020. This segment now represents nearly a quarter of Blackstone's impressive $1.1 trillion total assets under management.<\/p>\n\n\n\n
Currently operating wealth offices in London, Paris, Zurich, Milan, and Frankfurt, Blackstone <\/a>has identified France and Italy as its strongest growth markets, while the UK has shown slower progression. The firm offers investment products with relatively accessible minimum thresholds of $10,000 to $25,000, making private market investments available to a broader audience of wealthy individuals.<\/p>\n\n\n\n
To strengthen its European operations, the firm has appointed Sheila Rapple as chief operating officer for EMEA Wealth, who recently relocated to London from New York.<\/p>\n\n\n\n
See Related:<\/em><\/strong> FTX Settles European Expansion Dispute For $33M<\/a><\/p>\n\n\n\n
Expansion Strategy Of Blackstone<\/h2>\n\n\n\n
The expansion strategy centers around Blackstone's suite of semi-liquid 'evergreen' funds, designed specifically for retail investors. These products span private equity, credit, and property investments, with two new funds in credit and infrastructure scheduled for launch in early 2024, initially in the U.S. market.<\/p>\n\n\n\n
Looking ahead, industry analysts suggest this expansion could mark a significant shift in Europe's wealth management landscape. The move comes at a time when regulatory frameworks across the continent are increasingly accommodating retail participation in private markets, potentially setting the stage for a transformation in how European investors access alternative investments.<\/p>\n\n\n\n
However, the path forward isn't without challenges. The recent experience with Blackstone's $55 billion BREIT property fund, which temporarily limited withdrawals until February 2023, serves as a reminder of the liquidity risks inherent in private market investments. The firm has addressed these concerns by implementing structured exit mechanisms in its retail funds, typically including one or two-year 'soft locks' with subsequent monthly or quarterly redemption opportunities.<\/p>\n\n\n\n
Blackstone's expansion could catalyze broader changes in how private market investments are accessed by wealthy individuals across the continent. With regulatory tailwinds and growing investor interest in alternative investments, the firm's strategic push into new European markets could well set the template for how global alternative asset managers approach the region's wealth management opportunity in the years ahead.<\/p>\n","post_title":"Private Equity Giant Blackstone Sets Sights On European Wealth Expansion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"private-equity-giant-blackstone-sets-sights-on-european-wealth-expansion","to_ping":"","pinged":"","post_modified":"2024-11-07 05:31:44","post_modified_gmt":"2024-11-06 18:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19382","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16524,"post_author":"18","post_date":"2024-04-25 22:18:13","post_date_gmt":"2024-04-25 12:18:13","post_content":"\n
Investors are bracing for a reality check on whether higher interest rates will continue boosting European bank profits or if the year-long rally in banking shares could soon run out of steam.<\/p>\n\n\n\n
This week marks the start of the first quarter earnings season for major European lenders. Britain's Lloyds Banking Group kicks things off on April 24, followed by French giant BNP Paribas, Germany's Deutsche Bank, and Britain's Barclays on April 25, according to Reuters reports.<\/p>\n\n\n\n
After years of ultra-low rates, surging borrowing costs have been a game-changer for European banks and their ability to profit from higher lending margins. This tailwind has supercharged bank stocks and investor payouts.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
London-based neobank Revolut is expanding its Revolut X crypto exchange to all 30 European Economic Area (EEA) countries according to news site PYMNTS.<\/a> The EEA includes all EU members including Iceland, Liechtenstein, and Norway.<\/p>\n\n\n\n
Revolut has offered crypto trading since 2017, but Revolut X is its first standalone platform. Launched in the UK earlier this year, Revolut X now broadens access to crypto trading across Europe.<\/p>\n\n\n\n
Experienced traders in the EEA can buy and sell over 200 cryptocurrencies on this desktop platform. Revolut\u2019s crypto head, Leonid Bashiykov, says traders appreciate the platform\u2019s near-zero fees and wide asset range. \u201cWith Revolut X, we aim to become a strong alternative in the crypto trading space,\u201d <\/em>Bashiykov noted.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Robinhood And Revolut Consider Entering Stablecoin Market<\/a><\/p>\n\n\n\n
Revolute's History In Europe<\/h2>\n\n\n\n
Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n
The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19382,"post_author":"18","post_date":"2024-11-07 05:28:39","post_date_gmt":"2024-11-06 18:28:39","post_content":"\n
According to Reuters, private equity powerhouse Blackstone is planning to expand its presence into at least two new European markets in 2024 in a strategic move to tap into Europe's growing wealth management sector. This expansion comes as the investment giant diversifies its trillion-dollar portfolio beyond traditional institutional clients.<\/p>\n\n\n\n
The New York-based firm has already seen remarkable growth in its private wealth business, with assets surging to approximately $250 billion from $103 billion in 2020. This segment now represents nearly a quarter of Blackstone's impressive $1.1 trillion total assets under management.<\/p>\n\n\n\n
Currently operating wealth offices in London, Paris, Zurich, Milan, and Frankfurt, Blackstone <\/a>has identified France and Italy as its strongest growth markets, while the UK has shown slower progression. The firm offers investment products with relatively accessible minimum thresholds of $10,000 to $25,000, making private market investments available to a broader audience of wealthy individuals.<\/p>\n\n\n\n
To strengthen its European operations, the firm has appointed Sheila Rapple as chief operating officer for EMEA Wealth, who recently relocated to London from New York.<\/p>\n\n\n\n
See Related:<\/em><\/strong> FTX Settles European Expansion Dispute For $33M<\/a><\/p>\n\n\n\n
Expansion Strategy Of Blackstone<\/h2>\n\n\n\n
The expansion strategy centers around Blackstone's suite of semi-liquid 'evergreen' funds, designed specifically for retail investors. These products span private equity, credit, and property investments, with two new funds in credit and infrastructure scheduled for launch in early 2024, initially in the U.S. market.<\/p>\n\n\n\n
Looking ahead, industry analysts suggest this expansion could mark a significant shift in Europe's wealth management landscape. The move comes at a time when regulatory frameworks across the continent are increasingly accommodating retail participation in private markets, potentially setting the stage for a transformation in how European investors access alternative investments.<\/p>\n\n\n\n
However, the path forward isn't without challenges. The recent experience with Blackstone's $55 billion BREIT property fund, which temporarily limited withdrawals until February 2023, serves as a reminder of the liquidity risks inherent in private market investments. The firm has addressed these concerns by implementing structured exit mechanisms in its retail funds, typically including one or two-year 'soft locks' with subsequent monthly or quarterly redemption opportunities.<\/p>\n\n\n\n
Blackstone's expansion could catalyze broader changes in how private market investments are accessed by wealthy individuals across the continent. With regulatory tailwinds and growing investor interest in alternative investments, the firm's strategic push into new European markets could well set the template for how global alternative asset managers approach the region's wealth management opportunity in the years ahead.<\/p>\n","post_title":"Private Equity Giant Blackstone Sets Sights On European Wealth Expansion","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"private-equity-giant-blackstone-sets-sights-on-european-wealth-expansion","to_ping":"","pinged":"","post_modified":"2024-11-07 05:31:44","post_modified_gmt":"2024-11-06 18:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19382","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16524,"post_author":"18","post_date":"2024-04-25 22:18:13","post_date_gmt":"2024-04-25 12:18:13","post_content":"\n
Investors are bracing for a reality check on whether higher interest rates will continue boosting European bank profits or if the year-long rally in banking shares could soon run out of steam.<\/p>\n\n\n\n
This week marks the start of the first quarter earnings season for major European lenders. Britain's Lloyds Banking Group kicks things off on April 24, followed by French giant BNP Paribas, Germany's Deutsche Bank, and Britain's Barclays on April 25, according to Reuters reports.<\/p>\n\n\n\n
After years of ultra-low rates, surging borrowing costs have been a game-changer for European banks and their ability to profit from higher lending margins. This tailwind has supercharged bank stocks and investor payouts.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As quoted by Reuters in their analysis on the topic, Co-Head of Europe at consulting firm Oliver Wyman points out the fundamental difference is that Europe has moved away from negative interest rates. This shift has profoundly impacted the outlook for banks in the region, an impact that continues to be felt. The move to positive rates represents a game-changing development for European lenders after years of operating in a negative rate environment.<\/p>\n\n\n\n
However, the full European banking picture won't emerge until later in April and early May when Spanish giants BBVA and Santander and France's Societe Generale and Swiss bank UBS report results.<\/p>\n\n\n\n
While recent reports from Nordea and Bankinter signal earnings growth remains solid, Oliver Wyman's Edelman cautioned that falling margins and weak loan demand could spell trouble ahead.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Tether Ordered To Reveal USDTs Exact Backings<\/a><\/p>\n\n\n\n
Analyst's Expectations<\/h2>\n\n\n\n
Most analysts still expect a strong first quarter as the higher rate environment and controlled bad loans provide tailwinds. Deutsche Bank is forecasting its 15th consecutive quarterly profit, while BNP Paribas' typically strong first quarter could get an added boost from lower rate cut expectations.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
However, the economic underperformance of Europe versus the U.S. and likely rate cuts this year by the Bank of England and European Central Bank could start weighing on lenders' performance. Sustained high rates could also exacerbate problems in the struggling commercial real estate sector.<\/p>\n\n\n\n
The coming weeks will prove crucial in determining if soaring bank shares can sustain their impressive run or if darker clouds are forming on the interest rate horizon. A potential shift in the rate cycle could present challenges and opportunities that will test the resilience of the European banking sector.<\/p>\n","post_title":"Higher Rates May Prove Double-Edged Sword for European Bank Earnings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"higher-rates-may-prove-double-edged-sword-for-european-bank-earnings","to_ping":"","pinged":"","post_modified":"2024-04-25 22:18:19","post_modified_gmt":"2024-04-25 12:18:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16524","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14627,"post_author":"18","post_date":"2023-12-15 01:56:54","post_date_gmt":"2023-12-14 14:56:54","post_content":"\n
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite growing economic uncertainty, according to a new report.<\/p>\n\n\n\n
The European Banking Authority (EBA)\u2019s <\/a>annual review shows the average Common Equity Tier 1 (CET1) capital ratio across 123 banks reached 16% in June, the highest level since reporting began. This key measure of a bank\u2019s financial strength is well above regulatory minimums, giving lenders a comfortable cushion to absorb potential losses.<\/p>\n\n\n\n
EU Banks Report 2022<\/h2>\n\n\n\n
The report attributes the ample capital levels to stagnating lending volumes, which require less capital to be set aside, combined with rising profitability thanks to higher interest rates boosting net interest income.<\/p>\n\n\n\n
See Related: <\/em><\/strong>FTX EU Launches Website For Withdrawals Approved By Regulators<\/a><\/p>\n\n\n\n
Bolstered by these positive metrics, EU banks paid out a record \u20ac63 billion in dividends and share buybacks last year. This was a 31% increase over what they had originally budgeted at the start of 2022.<\/p>\n\n\n\n
EBA Review And Caution<\/h2>\n\n\n\n
However, the EBA<\/a> cautions that the good times may not last as economic growth slows across Europe. Lending is already decreasing in response to higher rates, which could hurt future profitability and asset quality. While problem loans remain near all-time lows for now, risks are emerging in certain real estate markets.<\/p>\n\n\n\n
So, while bank shareholders are currently reaping record rewards, clouds appear to be gathering on the horizon. Regulators will likely want lenders to continue building defenses given the uncertain economic outlook rather than ramping up capital returns.<\/p>\n\n\n\n
For bank investors, the next year could see a peak in payouts if challenges materialize. But with capital ratios still at healthy levels, European banks seem well prepared to weather approaching storms.<\/p>\n","post_title":"EU Banks Reward Shareholders Despite Economic Uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eu-banks-reward-shareholders-despite-economic-uncertainty","to_ping":"","pinged":"","post_modified":"2023-12-15 01:57:00","post_modified_gmt":"2023-12-14 14:57:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6158,"post_author":"4","post_date":"2022-07-13 21:02:19","post_date_gmt":"2022-07-13 11:02:19","post_content":"\n
In newly released research\u00a0 articles<\/a>, the European Central Bank (ECB) has hinted at a possible crypto mining ban, citing the issues of cryptocurrency in relation to climate change.<\/p>\n\n\n\n
The three new research articles focus on stablecoins<\/a> and their effects on the economy, the unregulated nature of cryptocurrencies, and the effects that crypto mining <\/a>has on climate change.<\/li><\/ul>\n\n\n\n
The article that has taken particular attention is the article about the effects that mining crypto has on the climate. The mining of cryptocurrencies requires a significant amount of energy to do so, this energy being produced by fossil fuels. Significant energy is also used up by blockchain which requires a lot of computational power to run. <\/li><\/ul>\n\n\n\n
According to the ECB some crypto-assets have the same carbon footprint as mid-sized countries such as Spain or the Netherlands. This is a cause for concern and has led to the ECB hinting at a crypto mining ban to mitigate as much as possible the crypto effect on the climate.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> President Of European Central Bank Believes Crypto Is \u2018Worth Nothing\u2019<\/a><\/p>\n","post_title":"European Central Bank Hints At A Possible Crypto Mining Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"european-central-bank-hints-at-a-possible-crypto-mining-ban","to_ping":"","pinged":"","post_modified":"2023-04-11 00:12:01","post_modified_gmt":"2023-04-10 14:12:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Europe

Adoption

Revolut Expands Crypto Platform To 30 European Countries In Major Rollout

London-based neobank Revolut is expanding its Revolut X crypto exchange to all 30 European Economic Area (EEA) countries according to ...

by Jeane Claude Vasquez
November 18, 2024

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Private Equity Giant Blackstone Sets Sights On European Wealth Expansion

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by Eman Shaikh
November 7, 2024

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by Eman Shaikh
April 25, 2024

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December 15, 2023

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Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia

After reports of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed ...

by Daniel Stergiou
December 24, 2022

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CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy

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by The Distributed Team
July 20, 2022

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European Central Bank Hints At A Possible Crypto Mining Ban

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