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Bitcoin price risks $29K 'nosedive' as Wall Street opens with fresh losses
1.6.2022
Weakness across markets means fresh bad news for Bitcoin, with analysts struggling to find any positive news
UK government proposes additional safeguards against stablecoin failure risks
31.5.2022
The Treasury wants to empower the Financial Market Infrastructure Special Administration Regime to oversee the safe return of customer funds in the event of a stablecoin collapse
Recession or Prolonged Inflation: The Fed Must Decide Between Two Policy Mistakes, Says Economist
30.5.2022
Allianz Chief Economic Advisor Mohamed El-Erian says the Federal Reserve will have to “decide between two policy mistakes.” One risks triggering a recession and the other could prolong inflation well into 2023. “I think the time has passed for a soft landing,”...
ECB Warns That Crypto Risks Could Spill Over Into Wider Economy
24.5.2022
Given the increasing risks of crypto, it is important to bring it into the regulatory perimeter as a matter of urgency, the European Central Bank said in a report
Growth in Digital Assets Trade Puts the Spotlight on Blockchain Bridge Security Risks
20.5.2022
Adi Ben-Ari is the Founder and CEO of data security specialist Applied Blockchain. _______The exponential growth in the trade of digital assets across different blockchain platforms in recent years has been accompanied by the emergence of blockchain bridges, or token bridges, that create...
Aave price risks a 25% plunge as a classic bearish reversal pattern emerges
18.5.2022
A handful of concerning factors, plus AAVE’s correlation with the Nasdaq, increases the possibility of the altcoin undergoing another massive sell-off
The First Rewards Card for the Web3 World by The Crypto Card Club
17.5.2022
PRESS RELEASE. An emerging NFT company, The Crypto Card Club, has developed an innovative system that aims to recognise and reward investors by merging real-world reward point systems with NFT and Web3 purchases. The groundbreaking service financially rewards holders for their usual NFT spending...
$1.9T wipeout in crypto risks spilling over to stocks, bonds — stablecoin Tether in focus
15.5.2022
The dangers posed by stablecoins to the traditional market cannot be dismissed due to Tether's exposure to the U.S. credit system
Bank of Spain Governor Highlights Need for Fast Regulation in Defi and Crypto
13.5.2022
Pablo Hernández de Cos, governor of the Bank of Spain and chair of the Basel Committee on Banking Supervision, explained that the cryptocurrency space and decentralized finance (defi) need to be regulated swiftly to avoid risks of financial instability. Hernandez de Cos also mentioned how this...
First Mover Asia: Bitcoin at 16-Month Low as UST Collapse Shows Risks of 'Algo' Stablecoins
12.5.2022
A number of algorithm-based stablecoins have already failed; bitcoin and other cryptos see deep red
US Lawmakers Push for Urgent Stablecoin Regulation — Fed Warns of Stablecoin Runs, Janet Yellen Cites UST Fiasco
11.5.2022
As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks of stablecoin runs that threaten the country’s financial stability. Treasury Secretary Janet Yellen brought up the terrausd...
Pokémon Legends Arceus Outsells Classic Games, Proves Risks Pay Off
10.5.2022
According to the fiscal report that Nintendo released today, Pokémon Legends: Arceus sold 12.64 million units last year. While it doesn’t usurp Pokémon Brilliant Diamond and Shining Pearl’s combined sales figure of 14.65 million, it’s nevertheless impressive for an original title that deviated...
UST Woes Draw Spotlight in Janet Yellen's Senate Hearing on Financial Risks
10.5.2022
U.S. Treasury Secretary Janet Yellen focused on the ongoing distress of stablecoin UST during testimony before a U.S. Senate panel on Tuesday, just hours after the purportedly dollar-pegged token plummeted to a low of $0.65 and at least one platform halted trading
New Fed Report Repeats Warning About Stablecoin Run Risks as UST Loses Peg
9.5.2022
The U.S. government again named stablecoins as a potential threat to the stability of the financial system, with both the Federal Reserve and a senior Treasury official saying Monday that the tokens are vulnerable to runs
Monero avoids crypto market rout, but XMR price still risks 20% drop by June
9.5.2022
XMR's bearish setup comes as Monero prepares to launch the testnet version of its hard fork this month
LUNA drops 20% in a day as whale dumps Terra's UST stablecoin — selloff risks ahead?
8.5.2022
Excessive Terra supply coupled with UST supply contraction coincides with LUNA's price decline
Central Bank of Argentina Bans Private Banks From Offering Cryptocurrency Services
7.5.2022
The Central Bank of Argentina has taken steps to ban private banks from offering cryptocurrency services to customers in the country. The action comes after two banks had started offering cryptocurrency purchasing services from their apps. The measure is said to be directed at mitigating risks...
Senator Elizabeth Warren Demands Answers From Fidelity for Allowing Bitcoin in Retirement Plans
7.5.2022
Two U.S. senators, including Elizabeth Warren, have sent a letter to Fidelity Investments demanding answers regarding the company’s decision to allow bitcoin investments in 401(k) retirement plans. “Investing in cryptocurrencies is a risky and speculative gamble, and we are concerned...
Report: IMF Says Central African Republic’s Bitcoin Adoption Poses Risks
6.5.2022
The International Money Fund (IMF) has added its voice to institutions and parties criticizing the Central African Republic (CAR)’s decision to adopt bitcoin. The IMF insists the adoption poses legal economic challenges not only to the country but to the region as well. CAR’s Bitcoin...
Sen. Warren asks Fidelity to address the risks to put Bitcoin in 401(k)s
5.5.2022
U.S. Senators requested Fidelity to explain how the firm is planning to address the risks of adding Bitcoin into retirement accounts by May 18