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Polygon price risks 50% drop as MATIC paints inverted cup and handle pattern
12.2.2022
The bearish technical setup has a success rate of 62% of meeting its downside price targets
Kenyan Central Bank Document Discusses Benefits and Risks Posed by CBDC — Public Asked to Comment
12.2.2022
Kenya’s central bank has acknowledged in a recently released document that a central bank digital currency could potentially benefit the country’s financial system. The bank, however, warned that rolling out a CBDC could also pose risks to the same. CBDC’s Impact on Financial...
Fitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin Risks
10.2.2022
One of the largest rating agencies in the U.S., Fitch Ratings, has downgraded El Salvador’s long-term default rating deeper into junk status, citing risks from adopting bitcoin as legal tender as a key reason. “The adoption of bitcoin as legal tender has added uncertainty about...
RBI: Cryptocurrency Is a Big Threat to Macroeconomic and Financial Stability in India
10.2.2022
The governor of India’s central bank, the Reserve Bank of India (RBI), has reiterated his concerns that cryptocurrency is a “big threat” to the country’s financial and macroeconomic stability. He also warned investors of the risks of investing in crypto, stating this...
Switzerland’s Largest Bank UBS Suggests Alternative Ways of Investing in Cryptocurrency
10.2.2022
Switzerland’s largest bank, UBS, has suggested some investment strategies for investors seeking to gain exposure to crypto assets with less risk than investing directly in bitcoin, ether, or other cryptocurrencies. “There are several main ways investors can access this potential while...
FDIC Makes Crypto Evaluation a Priority This Year Citing ‘Significant Safety and Financial System Risks’
9.2.2022
The U.S. Federal Deposit Insurance Corporation (FDIC) has named the evaluation of crypto assets a priority this year. “The rapid introduction of a variety of crypto-asset or digital asset products into the financial system could pose significant safety and soundness and financial system...
US Federal deposit insurer lists “crypto-asset risks” among its top priorities for the year
7.2.2022
FDIC's acting chairman stated that the work on crypto-related guidance for U.S. banks is underway
US Treasury Warns NFTs May Present New Illicit Finance Risks
6.2.2022
The U.S. treasury department has warned that non-fungible tokens (NFTs) may present new illicit finance risks. According to industry estimates, the NFT market could reach $35 billion in 2022 and more than $80 billion by 2025. NFTs May Present Illicit Finance Risks The U.S. Department of...
Ethereum price risks dropping to $2K on 'bear flag' setup
31.1.2022
The bearish outlook appears against the backdrop of the Federal Reserve's tightening policies
Low Real Interest Rates Support Asset Prices, But Risks Rising for Market
30.1.2022
Nassira Abbas is a deputy division chief in the Global Markets Monitoring and Analysis Division of the Monetary and Capital Markets Department at the International Monetary Fund (IMF). Tobias Adrian is the Financial Counsellor and Director of the IMF’s Monetary and Capital Markets...
Nobel Laureate Paul Krugman Likens Crypto Market to Subprime Mortgage Crash — Warns Regulators Are Making the Same Mistake
30.1.2022
Nobel Prize-winning economist Paul Krugman sees parallels between the crypto market and the subprime mortgage crash. “There’s growing evidence that the risks of crypto are falling disproportionately on people who don’t know what they are getting into and are poorly positioned...
Fitch says proposed Russia crypto ban eases risks but curbs innovation
28.1.2022
Russia's retail cryptocurrency operations currently stand at about $5 billion per year
Bitcoin ‘gives back gains’ after Fed comments ‘add downside risks’ to crypto markets
27.1.2022
Analysts foresee prolonged weakness in BTC and altcoins following hawkish comments from the Federal Reserve
IMF Urges El Salvador to Drop Bitcoin Tender Law, Executive Board Report criticizes BTC Bonds, Chivo Wallet
25.1.2022
The International Monetary Fund (IMF) has been very critical of cryptocurrencies and according to a report on Tuesday, the IMF’s board has “urged” El Salvador to discontinue its bitcoin tender status. A few members of the IMF’s board said the country’s decision...
Fitch Ratings warns of risks crypto miners pose to US power supply
24.1.2022
“Crypto mining operations are price-sensitive entities that may be quickly scaled back or shut down if mining becomes uneconomical," said the agency
Botswana Cryptocurrency Regulation: Government Set to Present Virtual Asset Bill to Parliament
22.1.2022
The Botswana government is set to present a “Virtual Asset Bill” to the country’s parliament, a move that could see it become one of the first countries in Africa to have laws regulating cryptocurrencies. Preventing the Proliferation of Risks Associated With Cryptos A Botswana...
Bank of Russia to Monitor Banks’ Dealings With Crypto Exchangers
21.1.2022
The Central Bank of Russia has started to examine the operations of Russian banks with cryptocurrency exchangers, according to local media. Transactions between individuals through these platforms are of particular interest as the regulator believes these carry risks of financial losses and fraud....
Fed issues discussion paper on benefits and risks of a digital dollar
20.1.2022
"The Federal Reserve would only pursue a CBDC in the context of broad public and cross-governmental support," said the recently published paper
Top Risks for DeFi Users and Investors According to Moody's and Gauntlet
19.1.2022
Decentralized finance (DeFi) is rapidly evolving, but insufficient transparency, a lack of shared awareness about its risks, and methods to measure and mitigate those risks continue to pose challenges to its users, according to a report by international risk assessment firm Moody’s.
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'The risks outweigh the benefits' of a Swiss CBDC, says SNB governing board member
18.1.2022
"This does not mean the SNB is not interested in CBDC, but our focus is to look at the role that wholesale CBDCs could play," said Andréa Maechler