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Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking
12.3.2023
After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize the dangers of fractional-reserve banking. Reports show that SVB suffered a significant bank run after customers attempted to withdraw $42 billion from the bank on Thursday. The following is a look...
Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power
9.2.2023
According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S. dollar has dwindled to “roughly three...
The legal dangers of getting involved with DAOs
26.1.2023
Buying DAO tokens? That’s no longer risk-free: Courts might consider you a partner in the business and judge you liable for millions in hacked funds. Another legal trap may be found simply working for a DAO — and implementing community decisions that turn out to be illegal in some far-flung...
Argentine Senate Mulls Crypto Advertisement Regulation
28.12.2022
The Argentine senate is discussing a preliminary project that would regulate the way in which individuals and organizations promote crypto. The objective of the project, which is still under discussion, would be to educate consumers on the dangers of investing in crypto and also to protect them...
Web3 Antivirus Is Now on Guard of Your Digital Assets
2.12.2022
PRESS RELEASE. A game-changing Web3 security solution was launched on December 1, 2022. As the digital world is getting more advanced, scammers invent new elaborate ways to cheat web3 users and steal their assets. Smart contracts forgery, phishing websites, airdrop scams, and spamming are just...
pax․world: A Token Must Be an Economic Bedrock Not a Collectable Gimmick for the Metaverse to Thrive
31.10.2022
This week, pax.world launched $PAXW, its proprietary utility token for the metaverse. The process of designing and launching $PAXW has provided a clear understanding of the token’s inherent purposes, enormous potential, and possible dangers. Let’s begin at the top: A utility token is...
Central Bank of Honduras Warns About the Dangers of Using Cryptocurrency
1.8.2022
The Central Bank of Honduras has published a release that seeks to clarify the stance the institution takes about the use of cryptocurrencies in the country. The organization states that even with the popularity such instruments have attained in other countries, cryptocurrencies have no backing...
Bitcoin a 'nice buy' at $47K despite macro dangers as key trendline nears — Research
29.3.2022
Data from Bitcoin's Mayer Multiple suggests low risk/return conditions at current levels, but macro conditions still trouble long-term optimism
The Prospects, Possibilities, and Dangers of CBDCs
25.3.2022
Suren Ayriyan is the Managing Partner and CEO at TEMPO Payments, a digital money transfer company.
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Today, 15 countries – including China, Saudi Arabia, and South Africa – are testing their own centralized digital currencies: Central Bank Digital Currencies (CBDCs). Another...
Ledger CTO warns crypto users about the dangers of 'blind signing'
3.3.2022
“Don’t trust, verify,” says Charles Guillemet, the CTO of hardware wallet firm Ledger
IMF Warns of Dangers of Fed’s Rate Rise, Brazil Says Inflation ‘Won’t Be Temporary in West’
21.1.2022
Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has warned that the Federal Reserve (Fed)'s next interest rate hike could “throw cold water on nations with high levels of dollar debt” – and their recovery from the COVID-19 pandemic’s economic...
Chairman of Nigerian Economic Crimes Commission: Crypto Growth Is a ‘Far Greater Danger to the World Economy’
8.9.2021
The chairman of Nigeria’s Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has singled out the growth of cryptocurrencies as something that now poses “a far greater danger to the world economy.” Therefore, in order to deal with such dangers or threats, Bawa...
Central Bank of Argentina President Hints at Possible Regulation of Bitcoin in Payment Systems
12.8.2021
Miguel Pesce, president of the Central Bank of Argentina, hinted at some kind of regulation coming for bitcoin transactions soon. Yesterday, In a digital financial conference, Pesce also stressed that the bank was working to find effective ways of warning novice investors about the dangers...
DeFiDrop Offers a Safety Net against Dangers in Alternative Financial System
9.7.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
The point in Bitcoin has always been to disrupt the international financial system. Satoshi Nakamoto (Bitcoin's father) was very clear about his ambitions. His new digital currency is supposed to do away...
SEC to Scrutinize Funds Invested in Bitcoin Futures
12.5.2021
The U.S. securities watchdog has announced it will scrutinize mutual funds that include investments in bitcoin futures markets to verify funds that comply with the Investment Company Act. The institution warned about the dangers of investing in bitcoin futures markets due to the implicit volatility...
Weekly Platform News: Reduced Motion, CORS, WhiteHouse.gov, popups, and 100vw
26.2.2021
In this week’s roundup, we highlight a proposal for a new <popup> element, check the use of prefers-reduced-motion on award-winning sites, learn how to opt into cross-origin isolation, see how WhiteHouse.gov approaches accessibility, and warn the dangers of 100vh.…
The post...
Janet Yellen Warns Bitcoin Is ‘Extremely Inefficient’ and ‘Highly Speculative’ as BTC Price Plunges
23.2.2021
U.S. Treasury Secretary Janet Yellen has warned about the dangers of bitcoin as the price of the cryptocurrency took a nosedive. She sees bitcoin as a highly speculative asset and is worried about potential losses investors can suffer. Yellen also believes that bitcoin is not widely used as...
Dangers of hosting your own Eth2 node, explained
3.12.2020
Hosting an Eth2 node is a big responsibility — and if things go wrong, this could result in some painful penalties
Tokenization Getting Personal With New Opportunities and Old Dangers
16.5.2020
Personal tokens are here. Yes, that’s right: you can now tokenize yourself, putting a token on a blockchain that assigns a value to your own personal reputation.
Over the past few months, personal tokens have become more visible. While still remaining a fairly niche sector within crypto, some...
How the Steem Saga Exposes the Dangers of Staking Pools
10.3.2020
Justin Sun played by the rules of the system, maybe the problem lies within the system itself?