Search
Coinbase CEO Urges Congress to Pass Clear Crypto Legislation — Warns America Risks Losing Financial Hub Status
18.2.2023
Coinbase CEO Brian Armstrong has called on Congress to pass clear crypto legislation, warning that the U.S. risks losing its status as a financial hub. “Crypto is open to everyone in the world and others are leading,” the executive stressed. Coinbase’s CEO on Cryptocurrency...
JPM Cuts Coinbase Price Target Due to Regulatory Risks
17.2.2023
Analysts at J.P. Morgan cut their price target for Coinbase (COIN) stock from $60 to $52 for the year ending in December, a report from the bank on Friday showed
Oman Capital Markets Regulator Plans to Establish a Virtual Assets Regulatory Framework
16.2.2023
The Oman Capital Market Authority (CMA) has said it plans to establish a regulatory regime to govern as well as develop the country’s virtual assets market. The regulator said the envisaged regulatory regime enables it to avail an “alternative financing and investment platform...
Coinbase, Anchorage Say They'll Be OK Under SEC Custody Proposal, But Risks May Lurk for Others
16.2.2023
The U.S. Securities and Exchange Commission (SEC) is officially working toward forcing investment advisers to make hard decisions about how they keep clients’ crypto assets, but the agency’s Wednesday proposal comes with good-news, bad-news elements now being studied by industry lawyers...
El Salvador Considers Opening Second Bitcoin Embassy in Texas to Boost Economic Exchange
15.2.2023
On Feb. 14, 2023, Milena Mayorga, the Salvadoran ambassador to the United States, announced that her country is considering opening a second bitcoin embassy in the Lone Star State. Mayorga said that Texas is “our new ally” and the goal is to expand “commercial and economic...
3 reasons why Binance's BNB token risks sliding further by March
15.2.2023
A slew of technical, fundamental, and on-chain indicators hint at more pain for BNB price in February
Subdued Volatility Expectations Suggest Traders Relaxed About Bitcoin, Ethereum Price Risks
13.2.2023
Despite the recent pullback in cryptocurrency markets from multi-month highs hit earlier this month, options markets suggest that traders still have relatively subdued volatility expectations. Deribit’s Bitcoin and Ethereum Volatility Indices both remain close to record lows, according to data...
Income Tax Applies to Crypto Trading in Bosnia, Tax Administration Says
13.2.2023
Individuals are expected to pay income tax on gains from cryptocurrency trading, the tax authority of Bosnia has determined. In the absence of dedicated regulations, the federal government in Sarajevo has set up a working group to assess various risks associated with digital assets. Income Tax...
IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed
12.2.2023
According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use of bitcoin. However, the United Nations financial...
El Salvador’s ‘limited’ use of Bitcoin prevents forecasted risks, says IMF
12.2.2023
The IMF has suggested that El Salvador “reconsider” its plans for Bitcoin, following a recent visit to the country
Ethereum price risks 20% correction amid SEC's crackdown on crypto staking
10.2.2023
Ethereum may experience a drop in user activity alongside ETH price with crypto staking in the crosshairs of the SEC
DeFi securitization of real-world assets poses credit risks, opportunities: S&P
8.2.2023
Decentralized finance protocols could attract institutional interest if they get securitization right, according to S&P Global Ratings
US Dollar to Keep Losing Its Appeal as Safe-Haven Currency of Last Resort, Says Strategist
8.2.2023
Pacific Investment Management Company (PIMCO) expects the U.S. dollar to “continue to lose its appeal as the safe-haven currency of last resort.” The $1.74 trillion asset management firm added that the USD “is likely to fall further in 2023 as inflation falls, recession risks...
Kazakhstan Launches Consultation on Proposals to Improve Crypto Trading
4.2.2023
Financial authorities in Kazakhstan are starting a public consultation on draft changes to the country’s framework for digital-asset trading. The proposals include measures to reduce risks in the crypto market and improvements to the structure of exchange platforms. Kazakhstan’s Financial Hub Seeks...
Avalanche 'bull trap' risks pushing AVAX price down by 30% in February
2.2.2023
The price of AVAX has more than doubled in 2023 but a growing divergence between several key metrics hints at a bearish reversal ahead
Crypto Bank Custodia Denied Membership in US Federal Reserve System
29.1.2023
The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by the digital asset bank is inconsistent with legal requirements. Federal Reserve Board Says Business Model...
White House Unveils Plan to Tackle Cryptocurrency Risks, Calls for Increased Enforcement
29.1.2023
The White House has published a roadmap asking authorities to increase enforcement and ramp up efforts to regulate the crypto sector.
In an official blog on Friday, the Biden Administration detailed its plans to address potential risks from cryptocurrencies in a roadmap that calls for authorities...
White House Publishes ‘Roadmap’ to Mitigate Cryptocurrency Risks
29.1.2023
The White House has published a “roadmap to mitigate cryptocurrencies’ risks.” The roadmap calls for authorities to “ramp up enforcement where appropriate” and Congress “to step up its efforts” to regulate the crypto sector. It also notes that legislation...
Saudi Central Bank Says Ongoing CBDC Experiment Focused on Domestic Wholesale Use Cases
27.1.2023
Saudi Arabia’s central bank digital currency (CBDC) experiment, which is being carried out in conjunction with local banks and fintechs, is presently focused on domestic wholesale uses cases, the central bank has said. Meanwhile, the Saudi Minister of Finance has said CBDCs can be...
Bitcoin Miner Sales Slump to Three Year Lows as Capitulation Risks Fade – What Does This Mean For The BTC Price
26.1.2023
According to data cited by Bitfinex analysts earlier this week, Bitcoin miners are slowing the pace at which they sell the world’s largest cryptocurrency by market capitalization. Bitfinex, citing on-chain data from crypto analytics platform Glassnode, said that BTC flows from miner wallets...