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China's central bank worried about stablecoins' risk to financial systems
8.7.2021
While Visa and other major private payments networks see the potential of stablecoins, China's central bank believes they pose serious risks to global financial systems
S Korean Regulator to Banks: Stop Grumbling About Crypto Market Risk
8.7.2021
A leading South Korean regulatory chief has repeated calls for banks to stop complaining about absorbing crypto exchange-related risks and accept that any partnerships they undertake with trading platforms must be done so at their own peril.
As previously reported, banks in South Korea have stated...
BarnBridge unveils application to maintain portfolio weightings of ERC-20 tokens
6.7.2021
BarnBridge’s “SMART Exposure” application automatically rebalances ERC-20 tokens held in a user’s portfolio to ensure they maintain specific weightings
Share Buyback Magic: Financial Forecaster Says Stock Market Rally Is All ‘Smoke and Mirrors’
5.7.2021
While the American economy witnesses small business failures across the nation, historical unemployment rates, major issues with the supply chain, countless product shortages, and the cost of goods and services inflating, the stock market continues to rally. The CEO of the Forward Thinking Group...
Bitcoin Remains At Risk, Ethereum and Altcoins Extend Losses
2.7.2021
Bitcoin price started a fresh decline from well above USD 34,000. BTC traded below the USD 33,200 support and it is showing bearish signs, while currently (04:36 UTC) trading above USD 33,000.
Besides, most major altcoins are gaining bearish momentum. ETH broke the USD 2,100 and USD 2,050 support...
Bitcoin and DOGE Rally, JPMorgan Warns Bitcoin Could Risk Loss In July
2.7.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Although the crypto markets are still plagued by China FUD, the markets as a whole are recovering in the last two days. Bitcoin tested the 29K USD psychological level once but has since rebounded...
Report: South Africa Bars Transfer of Locally Acquired Cryptocurrencies to Overseas Exchanges, Offenders Face Jail Time
29.6.2021
Fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purchases crypto assets in South Africa and uses them...
As Bitcoin’s Yearly Inflation Rate Dips to 1.77%, BEA Data From May Shows US Inflation Fears Are Legitimate
28.6.2021
The U.S. economy is looking stagnant according to data stemming from the Bureau of Economic Analysis, as core personal consumption expenditures (PCE) jumped 3.4% in May from a year prior. The recent PCE spike is the highest year-over-year basis change since 1992 and the statistic is fueling...
Omni Is Bringing the Future of Music via NFTs
26.6.2021
At its core, social media is a web-based communication tool that facilitates constant and instant interaction and sharing of information between people. On one hand, social media enables socialization and promotes togetherness. On the other hand, it can leave your data open to the world and put...
Ethereum, altcoins risk more downside than Bitcoin if BTC losses $30K, warns analyst
26.6.2021
According to an independent market analyst, altcoin holders face the risk of facing twice more losses if the Bitcoin price corrects by another 30%
FCA Warns 111 Crypto Firms Are Operating Illegally in UK — Says ‘This Is a Very Real Risk’
24.6.2021
U.K.’s financial regulator, the Financial Conduct Authority (FCA), has warned that 111 companies are offering crypto services in the country without proper registration. “This is a very real risk so we are worried about that,” said the regulator’s head of enforcement...
Hedgeye: This Model Predicts Bitcoin at $1,000,000
22.6.2021
Analysts at Hedgeye Risk Management, an investment research and financial media company based in Stamford, Connecticut, have analyzed the Bitcoin stock-to-flow argument. This framework suggests Bitcoin’s price potentially reaching $1 million by the latter half of 2020s, and as much as...
4 reasons why Paul Tudor Jones' 5% Bitcoin exposure advice is difficult for major funds
20.6.2021
Major funds are probably interested in Bitcoin and altcoins, but four significant hurdles are preventing them from investing
Korean Exchanges Delist High-risk Coins as They Face Tough Regulations
17.6.2021
Crypto trading platforms in South Korea are delisting certain digital currencies as they move to comply with stricter rules for the industry. The trading of some high-risk coins has been either halted or completely suspended on several Korean exchanges this week. South Korean Exchanges Wipe Trading...
Regulations drive Korean exchanges to delist, warn against high risk coins
16.6.2021
Amid increasing scrutiny and demand from regulators, South Korean crypto exchanges are sifting through their supported assets and delisting or placing high-risk coins on an investor warning list
Kiwis Flock To Crypto, NFTs Despite Risk Appetite Wanes - Survey
16.6.2021
New Zealand’s investors are increasingly considering investing in cryptoassets and non-fungible tokens (NFTs), with 19% of respondents "actively exploring" them as new investment options among other alternatives, according to a recent survey carried out by the Financial Services Council...
Korean banks will need to classify crypto exchange clients as ‘high risk’
14.6.2021
A further tightening of cryptocurrency regulation in South Korea is underway, with new rules for banks and crypto exchange operators
Bitcoin part of highest risk category in Basel's new bank capital plan
10.6.2021
The Basel Committee on Banking Supervision proposed tough requirements for banks that want to hold cryptocurrencies like Bitcoin
Denmark to Revise Tax Law to Target Cryptocurrencies
10.6.2021
The Danish tax ministry is reportedly mulling over revising the country’s tax law to deal with the challenges posed by cryptocurrencies. Denmark’s tax authority is concerned about the rising risk of fraud and widespread filing errors involving cryptocurrencies. Denmark to Revamp Tax...
Bitcoin, Ethereum and Altcoins at Risk of Further Losses
8.6.2021
Bitcoin price started a fresh decline from well above the USD 36,500 zone. BTC is down almost 9% and it is currently (12:12 PM UTC) trading above USD 33,000. The price is showing bearish signs and it could slide further if there is a close below USD 32,000.
Similarly, most major altcoins...