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US Senators Urge Federal Reserve to Cut Interest Rates — Warn Fed Policy Threatens Economy, Risks Recession
11.6.2024
Three U.S. senators have urged Federal Reserve Chair Jerome Powell to cut interest rates, arguing that high rates stifle the economy and raise housing and auto insurance costs, which are key inflation drivers. They warn that prolonged high rates risk a recession and increased unemployment, calling...
BTC price risks $60K dive as Bitcoin bid liquidity thins on new 3% dip
11.6.2024
Bitcoin is making analysts nervous as $69,000 support fails to hold yet again — but a BTC price turnaround is still on the radar
US Treasury: AI brings huge opportunities, risks to financial stability
6.6.2024
Secretary of the Treasury Janet Yellen says AI will only become more important in the years to come
US antitrust chief to scrutinize AI sector for monopoly risks
6.6.2024
U.S. antitrust enforcer Jonathan Kanter said regulators must urgently examine the AI sector to prevent potential monopolies
Former OpenAI, Anthropic employees call for 'right to warn' on AI risks
4.6.2024
Former OpenAI, Anthropic, and DeepMind employees urge AI companies to expand whistleblower protections to publicly address AI risks amid growing concerns over the “deprioritization” of safety
NFTs are Highly Susceptible to Fraud and Scams: US Treasury Report
30.5.2024
The US Treasury findings highlighted several potential risks and security concerns and challenges involved in NFTs.
The post NFTs are Highly Susceptible to Fraud and Scams: US Treasury Report appeared first on Cryptonews
US Treasury report outlines potential financial risks of NFTs
29.5.2024
The government department outlined potential concerns with the NFT market, including terrorist financing, theft, and funding nuclear proliferation
Pepe memecoin hits record high but risks a brutal 40% crash by June
27.5.2024
PEPE's ongoing trend mirrors the price behavior that happened before a 40% crash in January
Bitcoin dominance risks breaking 18-month uptrend on Ether ETF launch
24.5.2024
Ethereum ETFs may spark a new "altseason," traders suggest, with Bitcoin losing market share after hitting two-year highs
Indian Central Bank RBI Warns Retail Investors of Crypto’s Lack of Accountability and Stability
24.5.2024
The Reserve Bank of India (RBI)’s May 2024 bulletin warns retail investors that “the crypto ecosystem lacks accountability and stability and is marked by regulatory ambiguity.” The Indian central bank also cautioned that some cryptocurrency systems may be “prone to crisis...
SEC Chair Gensler Opposes Crypto Bill FIT21 Citing Regulatory Loopholes and Increased Risks to Public
22.5.2024
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has strongly opposed the crypto bill Financial Innovation and Technology for the 21st Century (FIT21) Act ahead of the House vote. He stressed that “many players in the crypto industry don’t play by the rules,” leading...
Vitalik Buterin stresses AI risks amid OpenAI leadership upheaval
21.5.2024
Vitalik Buterin calls superintelligent AI "risky" amid leadership upheavals at OpenAI, stressing the need for caution and decentralization in AI development
Bitcoin shorts worth $1.4B at risks of liquidation if BTC price hits $74.3K
21.5.2024
The recent bullish price momentum is attributed to several factors, including increasing investor confidence, decreasing exchange supply and the positive influx into spot BTC ETFs
Bitcoin ETFs are 'orange FOMO poker chips' that siphon on-chain funds back into TradFi
20.5.2024
Bitcoin’s goal of creating a decentralized financial system may be challenged by ETFs “dragging money back into the TradFi world,” according to the macro researcher
Shiba Inu Investors Target New Bitcoin ICO, Aiming for 100x Returns
15.5.2024
As Shiba Inu (SHIB) consolidates within the confines of a multi-month pennant structure and risks a downside breakout, investors are instead targeting an exciting new Bitcoin ICO called 99Bitcoins (99BTC), as they aim for potential 100x returns.
The post Shiba Inu Investors Target New Bitcoin...
Turkey’s Crypto Regulations Ready for Parliament, Draft Prioritizes Consumer Protection and Global Standards
13.5.2024
Lawmakers in Turkey are reportedly set to submit a draft law on crypto regulation to the parliament this week. The proposed regulations aim to reduce risks for people dealing with cryptocurrency.
The post Turkey’s Crypto Regulations Ready for Parliament, Draft Prioritizes Consumer Protection...
Bank of Canada Governor Warns of ‘Sharp Correction’ Risks in Markets and ‘System-Wide Stress’
12.5.2024
In his speech on the release of the Financial Stability Report, Tiff Macklem, Governor of the Bank of Canada, sought to emphasize the purported strength of Canada’s financial system while cautioning against ongoing risks that could precipitate a “sharp correction” in markets...
Taiwan Proposes AML Amendments, Seeks Jail Terms and Fines for Non-Compliant Crypto Service Providers
10.5.2024
In response to fraud and money laundering risks in the virtual asset landscape, Taiwan’s Ministry of Justice has proposed several amendments to the city’s existing AML laws, suggesting hefty fines and prison terms for non-compliant service providers.
The post Taiwan Proposes AML Amendments, Seeks...
Bitcoin mining difficulty risks biggest dip since 2022 as BTC price eyes $60K
9.5.2024
Bitcoin may still be trading above $60,000, but network fundamentals are already showing the strain as BTC price gains fail to materialize
Philosopher Yuval Noah Harari warns of AI’s risks in finance
7.5.2024
The bestselling author, philosopher and historian sees grim potential for AI to get out of control in the financial system