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Crypto Crashes and Climate Chaos: FDIC Highlights Key Banking Risks in 2023
15.8.2023
The U.S. Federal Deposit Insurance Corporation (FDIC) flagged escalating risks from cryptocurrencies in its annual review of risks facing the banking industry. FDIC: Cryptos and Climate Top Risk List for Banks in 2023 Cryptocurrencies present “novel and complex risks” that are difficult...
Crypto highlighted as 'novel and complex' risk to US banks: FDIC report
15.8.2023
The FDIC warns that uncertainty around crypto's legal status, the likelihood of fraud and contagion present key risks to United States banks
Bitcoin risks 15% dip by October, but $100K is due in 2026 — Analysis
9.8.2023
Bitcoin falling back to $25,000 would mark its "last big dip" before the next BTC price bull run, says Cane Island's Timothy Peterson
As Curve Averts DeFi Death Spiral, Fiasco Exposes Serious Risks
9.8.2023
Curve, a leading decentralized exchange on Ethereum, was hacked for $70 million in July. Questions continue to linger around the platform's long-term viability and potential contagion risk
G20 President India Proposes ‘Action Points’ for Implementing Global Crypto Rules
7.8.2023
The Indian Presidency of G20 has put forward proposals for a roadmap to introducing a global regulatory framework for crypto assets. India believes a more coordinated policy will be needed to enforce international standards in the field and adequately minimize associated risks. India’s...
Crypto Assets Held in Self-Custody Wallets Have ‘a Non-Zero Chance’ of Getting Stolen — Fairside Network CEO
4.8.2023
According to Brandon Brown, the co-founder and CEO of Fairside Network, self-custody crypto wallets generally lack inbuilt insurance coverage to protect against theft or loss. Brown attributes this to the challenges encountered when assessing digital asset risks as well as “the absence...
BTC price risks new sub-$29K dip as Binance fears test Bitcoin bulls
3.8.2023
Bitcoin is not done with short-term BTC price downside, analysis predicts, with overall volatility still among its lowest-ever levels
Kenyan Government Says It Has ‘Suspended’ Worldcoin Activities
3.8.2023
The Kenyan interior ministry said on Aug.2 that Worldcoin’s activities in the country have been “suspended” in order to give government agencies an opportunity to assess the cryptocurrency project’s potential risks to public safety. The country’s interior minister...
Coinbase Analysts Optimistic Ahead of Q2 Earnings, but Warn About USDC Risks and Lower Trading Volumes
2.8.2023
The crypto exchange reports earnings for the second quarter of 2023 after the market closes on Thursday
Bitcoin price risks $25K dip despite ‘macro pivot point’ — New analysis
1.8.2023
BTC price dips to six-week lows, but worse could be to come for Bitcoin, says Capriole Investments
Bitcoin price risks ‘major volatility’ as 10K BTC hits exchanges
28.7.2023
Bitcoin exchanges see the largest one-day exchange BTC inflow since the Silicon Valley Bank collapse
Federal Reserve Raises Federal Funds Rate by 25bps Amidst Moderate Economic Growth
26.7.2023
In the latest Federal Open Market Committee (FOMC) report, it was stated that the U.S. economy has been experiencing moderate growth and members of the committee have decided to raise the federal funds rate by 25 basis points (bps) in order to keep a handle on inflation. Fed Raises Benchmark Bank...
Bitcoin Risks Deeper Price Losses Below 50-Day Average: Analysts
26.7.2023
A break below the 50-day simple moving average would shift the focus to long-term support near $25,200, one analyst said
AI Creates Security Risks and Attack Vectors. Can Blockchain Help?
25.7.2023
SEC Asks for Increased Funding to Tackle Crypto Market Risks and Wrongdoing
22.7.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has asked Congress for more funding for his agency to address “risks in the crypto markets.” In a Senate hearing, he stressed: “We’ve seen the Wild West of the crypto markets, rife with noncompliance...
JPMorgan Warns Dollar Dominance Faces Risks From Political Instability, US-China Tensions
21.7.2023
JPMorgan has warned of the risks to the U.S. dollar’s dominance from escalating U.S.-China tensions and political instability. The global investment bank’s strategists anticipate “partial de-dollarization,” in which the Chinese yuan gradually assumes a more significant role...
Kuwait Capital Markets Authority Reaffirms Comprehensive Crypto Asset Ban
20.7.2023
In a circular released by the Capital Markets Authority of Kuwait, the regulator reaffirmed its position that Kuwait strictly prohibits the use of virtual currencies and bans mining activities within the Gulf state. The authority also emphasized the importance for businesses to inform customers...
No impact from Ripple ruling? SEC chair cites risks from crypto in budget request
19.7.2023
Gary Gensler cited the “Wild West of the crypto markets” that was “rife with noncompliance” in requesting more than $2.4 billion for the commission's 2024 fiscal budget
Bipartisan bill to regulate DeFi, crypto security risks, introduced into US Senate
19.7.2023
The bill was introduced in the evening and has not been published yet, but it is already causing a stir. Crypto Twitter calls it a “nonstarter.”
G20’s FSB Pushes for Global Crypto Regulations and Standards Aiming to Curb Crypto ‘Spillover’ Risks
17.7.2023
On Monday, the Financial Stability Board (FSB), a product of the G20 organization, unveiled its proposed guidelines for a global regulatory structure overseeing the operations of crypto assets. The international entity emphasizes that nations should confront the risks cryptocurrencies pose...