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Systemic Swiss Banks Not Ready for Crisis, Regulator Says
28.4.2023
Switzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The assessment refers to a period prior to the rescue of Credit Suisse by UBS when the authority viewed the troubled giant’s preparedness in positive terms. 2 Swiss Banks...
New York Financial Regulator Adopts Assessment Rule for Crypto Companies – Here's What You Need to Know
18.4.2023
The New York State Department of Financial Services has passed a new law that requires companies holding a BitLicense to pay assessment fees similar to insurance and banking firms.
The regulation will give the NYSDFS new authority to “collect supervisory costs from licensed virtual currency...
NY Financial Regulator Adopts Virtual Currency Assessment Rule
17.4.2023
The New York Department of Financial Services (NYDFS) has adopted a new regulation for how crypto companies will be assessed for costs associated with their supervision
U.S. delivers 2023 DeFi Illicit Finance Risk Assessment
7.4.2023
The U.S. Treasury Department happened to have delivered the 2023 DeFi Illicit Finance Risk Assessment. This happens to be the very first of its kind in the whole world ever. It was carried out on the topic of decentralized finance (DeFi). Risk assessment is useful in protecting the U.S. financial...
First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B
27.3.2023
According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North Carolina. First Citizens acquired all deposits and loans from SVB, as well as the 17 branches that...
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...
What is ethical hacking, and how does it work?
11.3.2023
Ethical hacking is the practice of identifying and testing vulnerabilities in a system to improve its security and prevent unauthorized access
Undeads Metaverse: Security Audit Completed by Certik
6.1.2023
PRESS RELEASE. Dubai, UNITED ARAB EMIRATES, January 2023, Undeads Metaverse announces the completion of its smart contracts’ security audit conducted by Certik, which included a comprehensive multi-level assessment of Undeads Metaverse in-game smart contracts and product functionality....
BONK to go live on MEXC in Assessment Zone
3.1.2023
MEXC announces the launch of trading for BONK, a project by Bonk Inu, by initially enabling the trading pair BONK/USDT. According to the timeline shared by the MEXC exchange platform, deposits are already active, and trading is scheduled to start on January 3, 2023, at 11:00 UTC. Withdrawals will...
Applied Direct Response — ERCOT Study Shows Bitcoin Mining Is Beneficial to the Texas Grid
3.12.2022
On Nov. 29, 2022, The Electric Reliability Council of Texas (ERCOT) published a report on seasonal assessment and resource adequacy for the ERCOT region. ERCOT’s study indicates that bitcoin mining operations are flexible operations that can be beneficial to the Texas grid during the upcoming...
FDIC to prioritize crypto risk assessment as banks perform poorly in Q2
16.11.2022
With banks reporting $470 billion in unrealized losses and FDIC foreseeing the continuation of this trend, acting chairman Gruenberg believed banks must cautiously engage in crypto-asset activities
US lawmakers request Justice Dept share CBDC assessment
5.10.2022
The House members claimed the "appropriate place for the discussion" on legislation concerning a digital dollar would be in the U.S. legislative branch
Republican Lawmakers Who Oppose a Fed-Issued CBDC Ask for US Justice Department's Assessment
5.10.2022
A group of Republican lawmakers on the House Financial Services Committee have asked U.S. Attorney General Merrick Garland to share the Justice Department's assessment on whether the Federal Reserve has the necessary authority to issue a central bank digital currency (CBDC)
Mastercard Looks to Make Buying Crypto Safer With Risk Assessment Tool
4.10.2022
Mastercard is introducing a new service that will assess the risk profile of cryptocurrency exchanges with the aim of making crypto buying more secure
Fed Preview: Bitcoin Investors to Look Past Jumbo Rate Hike and Focus on Economic Assessment and Borrowing Cost Estimates
21.9.2022
The economy has remained stronger than policymakers expected in July. So hawkish risk is that chairman Powell says the inflation fight is still in early stages, implying a higher terminal or peak rate
Fidelity will ‘shift’ retail customers into crypto soon, says Galaxy CEO
13.9.2022
While Fidelity hasn’t yet confirmed rumors it will launch retail Bitcoin trading, the firm said enabling broader access to digital assets remained a key area of focus
South African Banking Regulator: ‘De-risking’ Crypto Firms Potentially Creates ‘Opacity in Financial Conduct’
19.8.2022
According to the latest guidance note issued by the South African banking sector regulator, Prudential Authority, risk assessment does not mean financial institutions should avoid or eliminate risks via the wholesale termination of client relationships with entities such as crypto asset service...
CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible
4.8.2022
Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the “holy grail,” according to the European Central Bank (ECB). In a new report, the eurozone’s monetary authority also claims stablecoins, among...
Korean watchdog begins risk assessment of crypto as Terra 2.0 passes vote
25.5.2022
While the FSS' standardization effort is still in its early stages, it is expected that once a legal framework for virtual assets has been established, a uniform evaluation system will be put in place
Nigerian SEC Announces New Rules Governing Issuance of Digital Assets
15.5.2022
The Nigerian securities regulator has announced new rules that govern the issuing of digital assets. The new rules also include registration requirements for platforms that offer digital assets. Initial Assessment Filing The Nigerian Securities and Exchange Commission (SEC) has announced new rules...