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SOL price risks 20% drop despite Grayscale Solana Trust's retail debut
17.4.2023
The latest Solana rally has had it return to the resistance range that prompted 25-40% price pullbacks multiple times this year
IMF Economist Warns of Side Effects From Sharp Monetary Policy Tightening — Says Financial Risks Have Increased
13.4.2023
The International Monetary Fund’s (IMF) economic counselor has warned of the side effects of sharp monetary tightening. Noting that “Inflation is much stickier than anticipated,” he stressed that “financial risks have risen.” IMF Economist’s Warning Pierre-Olivier Gourinchas...
Shapella could bring institutional investors to Ethereum despite risks
11.4.2023
The latest fork on the “roadmap” shores up the network’s new validation mechanism while finally allowing stakers access to their ETH rewards
G20 countries aim to develop global framework against crypto-related risks
11.4.2023
G20 also aims to bring together global economies to fight debt distress and hyperinflation in smaller economies such as Sri Lanka and Ghana
Robert Kennedy Jr: Government Could Ban, Seize Bitcoin — CBDCs Could Lead to Financial Slavery, Political Tyranny
8.4.2023
Presidential hopeful Robert F. Kennedy Jr. has issued a warning regarding the Federal Reserve’s new Fednow system and the potential risks of central bank digital currencies leading to financial slavery and political tyranny. He additionally warned: “We should not be blind to the obvious danger that...
US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto
6.4.2023
The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.”...
Central Bank of Sri Lanka Warns of ‘Significant Risks’ in Using and Investing in Crypto
6.4.2023
Sri Lanka’s central bank has issued a warning about “the significant risks associated with using and investing in cryptocurrency.” The central bank reminded the public that “cryptocurrencies are unregulated investment instruments which are not recognized as an asset class...
Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’
6.4.2023
Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely...
US President Joe Biden urges tech firms to address risks of AI
5.4.2023
President Biden urges technology companies to prioritize secure AI products before public release, stressing the need to address potential risks to society, national security and the economy
Rogue Validator Exploits MEV Bots on Ethereum, Resulting in $25.3M in Crypto Losses
4.4.2023
On April 3, 2023, at Ethereum block height 16,964,664, a group of MEV (Maximal Extractable Value) bots were exploited for $25.3 million. An analysis of the exploit revealed that a renegade validator switched the MEV bots’ transactions and seized various crypto tokens, such as 7,460 wrapped...
Regulators Should Heed Crypto Risks When Innovating Regulation, Says Chinese Central Bank Official
4.4.2023
A senior People’s Bank of China (PBOC) official has urged regulators to consider cryptocurrency risks and fraud that could lead to bank failures when innovating regulation. The Chinese official highlighted the recent collapse of U.S. banks that provided services to crypto customers as...
USDC's Depeg Laid Bare the Risks Traditional Finance Poses to Stablecoins
2.4.2023
A Moody's analyst examines how the recent banking crisis spilled into crypto, and why alternatives to stablecoins like tokenized bank deposits and CBDCs may be needed to prevent contagion
How to mitigate the security risks associated with crypto payments
29.3.2023
Learn how to mitigate security risks associated with crypto payments through methods such as hardware wallets and secure exchanges
Consider DLT Use When Judging Money Laundering Risks, EBA Advises Supervisors
29.3.2023
Draft guidance from the EU banking watchdog picks out crypto technology for scrutiny and proposes vetting procedures for senior staff
Crypto-friendly banks mismanaged traditional risks, FDIC head tells Senate hearing
28.3.2023
It all started with FTX, FDIC head Martin Gruenberg said; he emphasized that the American banking system remains sound
Report: Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025
26.3.2023
Regulations governing tokenized deposits and crypto assets are likely to become effective on Jan. 1, 2025, a senior fintech analyst at the South African central bank has revealed. However, according to the analyst, regulators are still trying to understand or learn the risks that come with using...
European banks head into another weekend of uncertainty as default risks surge
24.3.2023
An indicator of European bank default risk soars and stocks tumble on March 24 amid renewed fears surrounding the financial system
Coinbase Tries AI Assistant Chatgpt for Pre-Listing Risk Assessment of Tokens
23.3.2023
Crypto exchange Coinbase has tested Openai’s Chatgpt as a token verification tool comparing it with its standard security procedure. In over half of the cases, the AI platform produced the same results as the manual review, but it also failed to recognize some high-risk assets. Chatgpt Approves...
Ethereum Network DRPC Aims to Quell Centralization Risks Ahead of Shanghai Upgrade
23.3.2023
DRPC developers say Ethereum remains dependent on a few major centralized RPC players, which undermines ecosystem sustainability and security
Crypto Ads in Belgium to Feature ‘Punchy Warning’ of Risks, New Rules Imply
21.3.2023
The financial regulatory body of Belgium has been tasked by the government to regulate advertisements for cryptocurrencies. New rules, set to enter into force in May, oblige advertisers to clearly warn investors of the risks associated with the digital assets. Belgium Poised to Protect Consumers...