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Crypto firms facing insolvency 'forgot the basics of risk management' — Coinbase
20.7.2022
“The issues here were foreseeable and actually credit specific, not crypto specific in nature,” said three department heads at Coinbase
21Shares launches S&P risk controlled Bitcoin and Ether ETPs
20.7.2022
Despite crypto markets tanking this year, the Swiss crypto ETP firm 21Shares has seen its new crypto inflows hitting new all-time highs YTD
The Fed Is Upside-Down on Inflation and That's a Big Risk
19.7.2022
Bank of England’s Cunliffe Warns Crypto Is ‘Prone to Collapse’ — Touts ‘Same Risk, Same Regulatory Outcome’
17.7.2022
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrencies are “very vulnerable to sentiment and prone to collapse.” He urged regulators to “get on with the job” and regulate crypto under the principle...
BTC Shows Resilience Despite Widespread Risk Aversion and Celsius' Bankruptcy Filing
14.7.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for July 14, 2022
Bitcoin 'Bear Flag,' Crypto Options Market Hint at Downside Risk
12.7.2022
The hedging behavior of bitcoin (BTC) market makers could exacerbate a price drop if there's a breakdown in the bearish chart pattern
Terra crash highlights stablecoin risk to financial stability: ECB
11.7.2022
A recent ECB report says stablecoins are not practical as a mode of payment and their current form isn't fit for use in the real economy
Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company
9.7.2022
On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius...
Keyfi Founder Sues Celsius — Says Crypto Lender’s Entire Portfolio Had ‘Naked Exposure to the Market’
8.7.2022
On July 7, 2022, the pseudonymous non-fungible token (NFT) collector known as “0xb1” published a Twitter thread that discusses the collector’s true identity and his relationship with the crypto lending firm Celsius. According to 0xb1, otherwise known as Jason Stone, his team...
Regulatory Scrutiny Increasing as Crypto Becomes Financial Stability Risk – Report
6.7.2022
There has been a sharp increase in regulations targeting the crypto space, with regulatory bodies mainly in North America and Europe aiming for everything from non-fungible tokens (NFTs) to stablecoins and ordinary cryptocurrencies, found a global RegTech (regulatory technology) firm CUBE.
In...
Risk profile of crypto markets similar to oil and tech: Coinbase
6.7.2022
A hedge against the traditional market? Nope, crypto assets are now looking closer in risk profile to oil and gas, or EV stocks like Tesla, says Coinbase Institute’s chief economist
Euro Drops to 20-Year Low Against the US Dollar, Tapping $1.028 per Unit — Analyst Says Parity Is Imminent
5.7.2022
The euro has had a sluggish start to the second half of 2022 as the fiat currency slid to a 20-year low against the U.S. dollar. The drop adds to the fear that the global economy is in a recession and analysts believe that the risk of “parity is just a matter of time now.” […]
Bitcoin faces fresh pressure as US dollar crushes gold, risk assets
5.7.2022
BTC/USD falls $1,000 while spot gold gives up 2% as USD strength intensifies, beating the year's previous peaks
Blockfi CEO Says FTX Has an ‘Option to Acquire’ Crypto Lender at a Price of up to $240M
3.7.2022
According to Blockfi’s co-founder Zac Prince, the company has signed definitive agreements with the crypto firm FTX and the deal is currently up to shareholder approval. The deal represents a total of $680 million, but Prince also noted that $240 million of that total could be used...
Terra’s Crypto Tokens UST and Luna Classic Mysteriously Pumped This Week, UST Climbed by 470%
1.7.2022
After the downfall of the two most popular crypto assets on the Terra blockchain, the digital currencies terrausd (UST) and luna classic (LUNC) increased a great deal in value against the U.S. dollar in recent times. During the last seven days, LUNC has risen 96.3% and the once-stable coin UST...
Risk of ‘Significant Drawdowns’ Pushes Cypherpunk Holdings to Sell Entire Stash of Bitcoin and Ethereum
30.6.2022
On Tuesday, the Canada-based investment firm Cypherpunk Holdings Inc. announced that the company has sold all of its bitcoin and ethereum due to the “risk of further significant drawdowns.” The company has transitioned its treasury to cash after selling 214.72 bitcoin and 205.82...
FTX CEO Sam Bankman-Fried Warns More Crypto Company Insolvencies Are Coming
29.6.2022
In a recent interview, Sam Bankman-Fried, the founder of the popular exchange FTX, warned that some crypto exchanges are “secretly insolvent” and may soon fail. Bankman-Fried’s FTX and Alameda Research have already helped Blockfi and Voyager Digital as the 30-year-old...
MakerDAO looks to invest $500M into ‘minimal risk’ treasuries and bonds
29.6.2022
The DAO intends to generate yield with its native DAI stablecoin via traditional investments in US treasuries and possibly even corporate bonds
Are custodied crypto funds at risk? Industry veterans explain
28.6.2022
Investments under custody are usually very safe, until the accountability of the custodian is called into question
How Pionex’s Trading Bots Can Help Manage Risk
27.6.2022
Last month was a crypto rollercoaster. Bill Gates said crypto is based on greater fool theory. The market has lost more than $1 trillion dollars since November, and there are still signs of further damage, including Celsius’ pause on withdrawals. The wild west of finance is clearly...