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Shiba Inu-Inspired Project Exits With $60 Million In Latest DeFi Rug Pull

Investors have lost circa $60,000,000 worth of ETH in the latest DeFi scam AnubisDao that occurred on October 29th, 2021, approximately 30 hours after the project was launched on discord. AnubisDAO developers marketed the project as a fork of OlympusDAO, a decentralized reserve currency that aims to bring more financial stability and transparency by building a decentralized financial […] дальше »

2021-11-2 14:37


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Here’s What The IMF Has In Store For Mainstream Crypto Adoption

The IMF has warned of the impending risks associated with the crypto boom. The international financial body has called for increased crypto regulation to maintain financial stability. The IMF had criticized El Salvador’s decision to adopt bitcoin as a legal tender, citing the impact that it could have upon the debt ridden nation. The International […] дальше »

2021-10-6 17:45


Treasury Department Is Discussing Launching A Formal Review into Stablecoins’ Impact on the Financial System

US officials are currently having closed-door discussions regarding launching a formal review into whether stablecoins threaten financial stability. After weeks of consideration, the Treasury Department and other deferral agencies are nearing a decision, reported Bloomberg citing people familiar with the matter. дальше »

2021-9-13 16:56


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Asia Broadband’s AABBG Token is Bringing Stability to the Crypto Market

The rise of cryptocurrencies has brought about massive changes in the global financial markets. They effectively managed to shift the power dynamics from a few centralized authorities to the community, thus presenting an opportunity to offer financial services even to the underserved, under-represented, and underdeveloped parts of our world. дальше »

2021-9-4 08:00


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Bank Of England Warns Increased Risk-Taking Has Manifested In The Price Volatility Of Bitcoin, Ethereum

The rapid price appreciation of Bitcoin, Ethereum, and other crypto-assets is enough evidence that many investors are willing to take more investment risks. Bank of England published a report on the country’s financial stability noting that the increased risk appetite in crypto assets has also caused their high volatility. The fact that many institutions want […] дальше »

2021-7-15 17:37


A Surge in Crypto Prices Reflects An “Increased Risk Appetite,” says Fed in its Monetary Policy Report

For the first time, the Federal Reserve has singled out the surge in cryptocurrency asset prices in its overall assessment of the stability of the financial system. In the brief comment revealed in the Fed’s semi-annual Monetary Policy Report to Congress released on Friday, the central bank said the rise reflected increased risk-taking by investors. дальше »

2021-7-12 15:28


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China Announces Huge Crackdown on Cryptocurrency Mining

According to a new announcement by the Chinese government, the country is looking to crack down on cryptocurrency mining. The Thursday statement, penned by the State Council’s Financial Stability and Development Committee chaired by Vice-Premier Liu He, comes just three days after regulators banned any financial institutions from doing any business related to cryptocurrencies. дальше »

2021-6-8 17:44


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Market Bloodbath Continues as Chinese Government Mulls Banning Bitcoin Mining Activities

The Chinese government has doubled down on its anti-cryptocurrency regulations. Recent reports reveal that government officials called for a crackdown on bitcoin trading and mining activities. Another China FUD? In a meeting held on Friday (May 21, 2021), the Financial Stability and Development Committee of the State Council, headed by Liu He, vice Premier ofRead More дальше »

2021-5-22 01:00


Canadian Financial Institution Launches World’s First Stablecoin Backed by Bank Deposits

VersaBank, a North American banking leader in B2B digital payment solutions, announced its plans to launch VCAD, the “world’s first digital currency backed by a North American bank deposits”. The stablecoin aims to offer users a channel of commerce while offering the highest levels of stability and security on its system. дальше »

2021-2-26 19:30


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India’s Central Bank Cites Financial Instability Due to Cryptocurrencies

On Wednesday, Governor Shaktikanta Das said that India’s central bank has “major concerns” about cryptocurrencies. He flagged potential risks leading to financial stability. Crypto Adoption Woes The Reserve Bank of India (RBI) has been fundamentally opposed to cryptocurrencies ahead of the government’s plans to introduce a law to ban this form of assets and instituteRead More дальше »

2021-2-25 00:00


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Testnet of Facebook’s Much Vaunted Stablecoin Only Executes 6 Transactions per Second

The Facebook fronted stablecoin, Diem (formerly Libra)’s dismal testnet results undercut the assertion that the digital currency is a threat to global financial stability. This is the conclusion that can be deduced from a Diem blockchain explorer update which shows the network only processes an average of six transactions per second (tps), with the highest […] The post Testnet of Facebook’s Much Vaunted Stablecoin Only Executes 6 Transactions per Second appeared first on Bitcoin News. дальше »

2020-12-7 23:00


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FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering Controls

The Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential to bring efficiencies to payments (including cross-border payments) as well as to promote financial inclusion. дальше »

2020-10-18 17:05


FSB Publishes 10 High-Level Recommendations to Regulate ‘Global Stablecoins’

The Financial Stability Board (FSB) has released 10 high-level recommendations for regulation, supervision, and oversight of “global stablecoin” in its latest report on Tuesday. The international body that monitors and makes recommendations about the global financial system says global stablecoins must adhere to all applicable regulatory standards before commencing operation. дальше »

2020-10-15 19:23