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DOJ's Proposed Jury Questions 'Risks Tainting' Bankman-Fried's Panel, Defense Says
30.9.2023
Sam Bankman-Fried's attorneys objected to some of the U.S. Department of Justice's proposed voir dire questions in a late Friday filing, saying they may miss potential juror bias or otherwise lead to jurors making assumptions about the case
Staking Risks Are Vastly Misunderstood
27.9.2023
American Bankers Association States a CBDC Is ‘Unnecessary’ and Presents ‘Unacceptable Risks’ to the US Financial System
16.9.2023
The American Bankers Association (ABA), an organization that represents banks custodying $18 trillion in deposits and processing $11 trillion in loans, believes that issuing a central bank digital currency (CBDC) in the U.S. is “unnecessary” and would introduce “unacceptable...
DJ 3LAU causes a stir after opting out of Friend.tech over regulatory risks
16.9.2023
3LAU noted that there risks were necessarily high, but that he has a “responsibility” to avoid any regulatory gray areas
Incoming BoE Deputy Governor Discusses Crypto's Value and Risks
13.9.2023
The incoming deputy governor of financial stability at the Bank of England (BoE) has said that crypto does not yet pose much of a risk to financial stability.
During a hearing held by Parliament's Treasury Committee, Sarah Breeden, set to assume her new role on November 1, discussed the value...
JPMorgan CEO Jamie Dimon Warns of Recession — Says ‘Huge Mistake’ to Think US Economy Will Boom for Years
13.9.2023
Jamie Dimon, chairman and CEO of JPMorgan Chase, has warned that it is “a huge mistake” to think that the U.S. economy will boom “for years” given that there are so many risks out there. The executive stressed: “I just think people make a mistake to look at real-time...
IMF Publications’ Report Highlights Growing Risks of Generative AI in Financial Sector
12.9.2023
As artificial intelligence (AI) continues its expansion into the finance sector, a new report published on the International Monetary Fund (IMF) Publications web portal cautions about risks associated with the latest AI capabilities in the financial world. The Rise of Thinking Machines: Report...
Incoming BOE Deputy Governor Highlights Crypto Risks, Cites Benefits at Parliamentary Hearing
12.9.2023
There are benefits to crypto technology, and the digital pound could anchor digital money, Sarah Breeden said
Anchorage Digital CEO Highlights 'Widespread' Self-Custody Risks After Prime Trust Bankruptcy
11.9.2023
The collapse of crypto custodian Prime Trust in recent months has underscored the inherent risks of self-custody within the cryptocurrency industry, according to Diogo Monica, CEO of San Francisco-based crypto bank Anchorage Digital.
Speaking in an interview with crypto news outlet Decrypt, Monica...
What Are Smart Contracts? Unpacking Today’s Digital Agreements
10.9.2023
In the digital currency realm, smart contracts have enhanced the financial industry through tokenization, decentralized finance (defi) and other agreements in the form of self-executing code. But how exactly do they work? What benefits do they offer? Here’s a concise overview of smart...
Fed Official: Digital Dollar Decision Still a Long Way Off
10.9.2023
The Federal Reserve’s vice chair for supervision has affirmed that the U.S. central bank is “a long way” from making a decision on whether to issue a central bank digital currency (CBDC). The Fed official also voiced concerns regarding USD stablecoins, emphasizing that they...
Depressed Crypto Markets, Regulatory Risks Fail to Dissuade Asset Managers From Investing
7.9.2023
Almost half the 60 buy-side professionals surveyed from U.S. and Europe-based asset managers and hedge funds said they're actively managing digital assets
Ethereum price risks losing the $1.6K support as multiple ETH price metrics decline
5.9.2023
A lack of network activity and ground lost to competitors could eventually play a role in ETH losing the $1,600 support
JPMorgan Analyzes De-Dollarization Risk, Potential for Chinese Yuan to Displace US Dollar as Reserve Currency
5.9.2023
JPMorgan has provided an analysis of the risks of de-dollarization and the potential for the Chinese yuan to displace the U.S. dollar as the world’s reserve currency. The global investment bank says the renminbi could assume “some of the current functions of the dollar among non-aligned countries...
Weekly close risks BTC price 'double top' — 5 things to know in Bitcoin this week
4.9.2023
Bitcoin reckons with $26,000 with BTC price action at a crucial decision point heading into the first week of September
The Great Shift to Self-Custody: 800,000 BTC Worth Over $20 Billion Pulled From Exchanges in 3 Years
3.9.2023
Over the past three years, there’s been a notable movement in bitcoin holdings. Since September 1, 2020, a whopping 804,000 bitcoin, equivalent to $20.79 billion, has been pulled from centralized exchanges. Notably, 184,000 BTC of that sum, valued at $4.75 billion, was withdrawn in just...
Cambridge Revises Bitcoin Mining Index, Lowers BTC’s Estimated Power Use
1.9.2023
Cambridge Centre for Alternative Finance has significantly revised its Bitcoin Electricity Consumption Index, lowering its estimates of the cryptocurrency’s energy use after finding its previous model greatly overstated power consumption. Cambridge Centre Revises Bitcoin Energy Estimates...
AI could revolutionize human resources, but there are risks
1.9.2023
While AI has the power to revolutionize human resources, it also leaves HR professionals open to certain risks
Bitcoin risks 'swift' $23K dive after BTC price loses 11% in August
1.9.2023
BTC price performance disappoints bulls as Bitcoin comes full circle to finish a grim August for bulls
US Lawmaker: Americans Don’t Need CBDC That Can Track Purchases Like China’s Digital Yuan
1.9.2023
Several lawmakers have expressed concerns about the privacy risks of the Federal Reserve issuing a central bank digital currency (CBDC). “Americans have a right to financial privacy,” one congressman said, emphasizing: “We do not need a CBDC that can track your purchases like China does...