Bitcoin Has Best Day in 2 Months as Markets Anticipate a ‘Summer of Easing'

The net percent of global central banks cutting rates is increasing in a positive sign for risk assets, including cryptocurrencies.

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CBDCs Will Have a Significant Impact on Central Banks’ Risk Profiles: Report

Learn why the Bank of International Settlements believes CBDCs will force central banks to modify their risk profiles. The post CBDCs Will Have a Significant Impact on Central Banks’ Risk Profiles: Report appeared first on BeInCrypto.

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Crypto Observers Warn of Risk Aversion as Oil Prices Top $93

The WTI oil has surged by 30% this quarter. The rally could feed into inflation, forcing central banks to keep rates elevated for longer than expected.

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We Need Banks Until DeFi Has Better Rules, Says CEO

DeFi expert Danny Chong says that the space needs rules to shape its development according to more robust risk policies. The post We Need Banks Until DeFi Has Better Rules, Says CEO appeared first on BeInCrypto.

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Crypto highlighted as ‘novel and complex’ risk to US banks: FDIC report

The Federal Deposit Insurance Corporation has warned that uncertainty around crypto's legal status, the likelihood of fraud and contagion present key risks to United States banks.

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Op-ed: US banks launch 24/7 Instant Payments – does FedNow reduce risk of CBDCs?

The U. S. Federal Reserve’s (Fed) long-awaited instant payment service, FedNow, is set to launch imminently, promising a significant development in the country’s payment system. As reported by Reuters on July 20, with this service, everyday Americans will soon be able to send and receive funds in real-time, 24/7, a revolutionary stride in the U.

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Bank in Australia blocked transfers to “high-risk” crypto exchanges

The National Bank of Australia (NAB, one of the largest banks in the country) said that over the past few months it has blocked a number of payments to cryptocurrency exchanges with “high risk” in order to protect its customers.

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JPMorgan Chase CEO: “It’s Going to Get Worse for Banks”

The CEO of JP Morgan Chase issues a stern warning of the risk of over-regulating the banks. Many people in the crypto sector feel the same. The post JPMorgan Chase CEO: “It’s Going to Get Worse for Banks” appeared first on BeInCrypto.

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Bitcoin drops with stocks as analyst warns of banking crisis ‘endgame’

Nerves become apparent across risk assets as U.S. regional banks add to already significant losses.

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Identifying & Exploring Risk on DeFi Lending Protocols

DeFi lending protocols are decentralized finance (DeFi) platforms that allow users to borrow and lend cryptocurrencies without intermediaries such as banks. In these protocols, borrowers can use their cryptocurrency holdings as collateral to secure a loan.

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Singapore to introduce uniform screening standards for crypto bank accounts

Potential guidelines reportedly won’t have a binding force over banks, which can rely on their own risk assessment.

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Ripple effects, contagion, counterparty risk as banks and crypto stocks slide

Quick Take Deutsche Bank AG (DB) is currently 15% down in share price — lower than 8 EUR. The post Ripple effects, contagion, counterparty risk as banks and crypto stocks slide appeared first on CryptoSlate.

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CBDCs could put banks' profits at risk, as per this report

Emerging CBDC cross-border transaction technology can put the banks’ profits at risk, as per a new Moody’s report. Cross-border CBDC transactions would require entirely new infrastructure, The post CBDCs could put banks' profits at risk, as per this report appeared first on AMBCrypto.

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Australian Banking Association’s cost of living inquiry reveals bank pressure

An analysis of the rising inflation and concurrent collapse of Silicon Valley Bank proved that more than 186 banks in the U.S. are at risk of a similar shutdown if depositors decide to withdraw all funds.

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Binance CEO CZ ‘Banks are a risk to fiat-backed stable coins’ in reaction to SVB, USDC Depegging

CZ, the CEO of Binance, has suggested purchasing the ailing Silicon Valley Bank, which entered into a Federal receivership on March 10 after it had been exposed due to risky lending practices. The post Binance CEO CZ ‘Banks are a risk to fiat-backed stable coins’ in reaction to SVB, USDC Depegging appeared first on CryptoSlate.

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Do Kwon had the right idea, banks are risk to fiat-backed stablecoins — CZ

Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins.

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ECB Tells EU Banks With Crypto Exposure to Hold Capital Reserves Until Laws Get Passed

ECB tells EU banks engaging in crypto business to comply with crypto risk framework before it becomes law. The post ECB Tells EU Banks With Crypto Exposure to Hold Capital Reserves Until Laws Get Passed appeared first on BeInCrypto.

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New EU Banking Regulation Assigns Highest Risk Score to Crypto

EU regulators want banks to assign crypto a risk score of 1250% and disclose crypto exposures according to MiCA definitions. The post New EU Banking Regulation Assigns Highest Risk Score to Crypto appeared first on BeInCrypto.

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January recap: Bulls back on top, but all eyes on the Federal Reserve

Key Takeaways Crypto banks best January in nearly a decade 68% of the Bitcoin supply in profit, compared to 50% at the start of January Correlation between Bitcoin and risk assets is close to all-time highs, with Federal Reserve’s interest rate policy continuing to hold the key It’s important to celebrate the wins, huh? And […] The post January recap: Bulls back on top, but all eyes on the Federal Reserve appeared first on CoinJournal.

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What is tokenization and how are banks tapping into its design principles?

Financial services organizations can use tokenization to solve several friction points and have better risk management in place.

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Singapore Banks' Exposure to Bitcoin 'Insignificant' but Subject to Highest Risk Weight

Banks must hold $125 in capital against every $100 worth of bitcoin, a senior minister said.

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Harvard Research Paper Tells Governments And Central Banks To Hold Bitcoin

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Instead of Gold, central banks should buy more Bitcoin, says a Harvard professor

Mathew Ferrante, a Harvard professor of economics, urges Apex banks to adopt Bitcoin as it can help these countries adequately hedge their sanctions risk.

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FTX illustrated why banks need to take over cryptocurrency

Banks should embrace crypto as a way to mitigate risk and prevent losses that consumers at the hands of rogue crypto exchanges.

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FDIC to prioritize crypto risk assessment amid rising interest among banks

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.

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Mastercard Joins With Paxos to Help Banks Offer Crypto Trading

The payments giant had earlier started a services to assess the risk profile of crypto exchanges.

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Mastercard Set to Launch New Tool to Combat Crypto Fraud

Mastercard is set to launch a new crypto service linked to risk management. The new service aims to assist banks in detecting and preventing fraud on cryptocurrency merchant platforms. Mastercard to Launch Crypto Fraud Protection Tool Mastercard plans to introduce…

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Banks’ Crypto Asset Holdings May Be Just 0.01% of Total Risk Exposure, Basel Study Finds

The first survey of its kind may influence crucial global standards on bank capital for crypto.

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Bitcoin Steady as BOE Hikes Rates by 50 Basis Points, 'Reverse Currency Wars' Gain Steam

The ongoing race among central banks to lift rates and support their currencies to keep inflation under check indicates the path of least resistance for risk assets is to the downside.

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Bitcoin Steady as BOE Hikes Rates by 50 Basis Points; 'Reverse Currency Wars' Gain Steam

The ongoing race among central banks to lift rates and support their currencies to keep inflation under check indicates the path of least resistance for risk assets is to the downside.

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Into the Night: Markets Tremble as Powell Warns of “Pain” Ahead

Federal Reserve Chair Jerome Powell delivered an address this morning at the central banks annual Jackson Hole meeting in which he warned of tightening policies for some time. Risk markets...

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South Africa's Central Bank Greenlights Financial Institutions to Serve Crypto Clients

The central bank warned against the "wholesale" banning of clients over risk after a number of local banks moved to terminate services to crypto exchanges and other intermediaries in previous years.

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Banks To Use Their Risk Management and Compliance Expertise To Compete In The Crypto Space

The Office of the Comptroller of the Currency (OCC), an independent bureau of the US Department of the Treasury, issued interpretive letters in 2020 and 2021 on banks’ activities in the crypto industry.

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Portuguese banks shutting crypto accounts citing risk management concerns

The Bank of Portugal has licensed all of the exchanges that have had their accounts closed, including Criptoloja, Mind The Coin and Luso Digital Assets.

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Sky-High Yields and Bright Red Flags: How Alex Mashinsky Went From Bashing Banks to Bankrupting Celsius

How could Celsius Network pose “much less risk” than banks, as its CEO claimed, but pay eye-popping returns? It sounded too good to be true. There were other warning signs from the start.

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FBI Raises Alarm On Crypto Cyber Fraud, Says $42.7 Million Lost Since December

The Federal Trade Commission (FTC) issued a consumer alert last month regarding the growing risk of crypto frauds. The FBI is now adding its voice to the chorus by issuing its own warning. FBI Cautions Against Crypto Scam Apps The agency is alerting banks and investors about an eight-month period of increased cybercrime activity involving […]

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Basel Committee wants to limit banks' digital asset exposure to just 1% of equity

Volatile cryptocurrencies such as Bitcoin would also be subjected to a 1,250% risk premium.

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Celsius carried more risk than traditional banks, investor documents show

Crypto lending platform Celsius (CEL) was riskier for users than traditional banks, according to a report by The Wall Street Journal based on investor documents. The post Celsius carried more risk than traditional banks, investor documents show appeared first on CryptoSlate.

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Celsius Had Double the Risk Profile of Traditional Banks: Report

Contrary to Celsius CEO Alex Mashinskys claims that Celsius was not taking a tremendous risk, a new report from The Wall Street Journal claims that the crypto lender had more...

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List Of Banks Managing the USD Reserve Backing TrueUSD

TrueUSD, the first regulated stablecoin that is fully backed by the US Dollar has partnered up with internationally renowned banks and custodial accounts to lower the risk of transactions.   TrueUSD (TUSD) is the first independently verified digital asset redeemable at 1:1 US Dollar.

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Why Banks and Payment Processors Shun Perfectly Legal Businesses

Porn, gambling and even furniture sales are deemed “high-risk” merchant categories. Sometimes the risk is financial; other times it’s just bad publicity.

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Bitcoin keeps falling as former BitMEX CEO gives $30K BTC price target for June

The outlook for the coming months is pain for risk assets, but central banks have a reality check of their own coming, say analysts.

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Crypto Popularity Could Pose Stability Risk, EU Watchdog Warns, as It Ponders New Powers

Fintech firms could soon face the kind of caps on lending that banks face when markets like housing overheat, the European Systemic Risk Board said.

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UK Regulators Say Crypto Adoption Poses Financial Risk, Call for More Oversight

The regulators worry that international norms could come too late – and called for banks to exercise utmost caution when dealing with what it said were extremely volatile assets.

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Bank of Israel issues draft guidelines on cryptocurrency AML/CFT

Private banks could be required to conduct risk assessments on case-by-case basis.

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Russian Banks at Risk of Collapse

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ECB Tells Banks to Prepare For Russian Cyber Attacks, Bitcoin Unaffected

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Credit Unions Seeking Approval to Hold Crypto Directly to Compete with Banks

Credit unions risk losing members to banks and seeing their industry “start to shrivel” if they can’t offer products that people want. The post Credit Unions Seeking Approval to Hold Crypto Directly to Compete with Banks first appeared on BitcoinExchangeGuide.

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Bank of England to Coordinate with International Regulators for Stricter Crypto Rules

The Bank of England to step up its talks with the international counterparts on a regulatory regime for cryptocurrency next year. In an interview with The Times, Sarah Breeden, executive director for financial strategy and risk at the central bank, said that as banks begin to offer crypto-assets trading and custody services to clients, global […] The post Bank of England to Coordinate with International Regulators for Stricter Crypto Rules first appeared on BitcoinExchangeGuide.

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