Risky Cryptocurrencies
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Basel Committee of Banking Supervision Approves Crypto Asset Disclosure Framework for Banks
The BCBS has given a green light to a ‘disclosure framework’ that will detail how the exposure of banks with crypto assets should go about. The disclosure framework by BCBS directs banks to maintain public records of their crypto engagements and their exposure to these risky assets.
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PayPal USD Expected to Do Better Than Facebook's Libra in Stablecoin Market
PayPal's stablecoin is likely to succeed where Facebook's failed, thanks to the payment giant's standing in Washington and policymakers' greater understanding of the issues in the last three years. PayPal this month said it was launching PayPal USD, a crypto token pegged to the US dollar, making it the second major global company to launch a stable...
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Blockchain Capital's Hacked X Account Advertises Fake Token Giveaway: Report
Blockchain Capital's X account was compromised by hackers on Wednesday. Scammers published a post promoting a fake crypto token on the microblogging platform. A link to a malicious website was also published along with the post, aiming to phish unsuspecting victims. It seems that Blockchain Capital has managed to regain access to its verified handl...
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Australian Banks Pull Back Support to ‘Risky’ Exchanges to Shake Up Crypto Sector
The National Australia Bank (NAB) has joined others in halting payments to crypto exchanges that have been most named in scam-related complaints. The development comes after almost 50 percent of scam funds reported to the Australian Financial Crimes Exchange in the last one month were related to cryptocurrency.
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FTX Seeks to Claw Back Over $240 Million From Embed Acquisition
Bankrupt crypto exchange FTX is seeking to claw back more than $240 million (nearly Rs. 2,000 crore) it paid for stock trading platform Embed, saying former FTX insiders did no investigation before buying the essentially worthless bug-ridden software platform. FTX closed on the Embed acquisition just six weeks before the crypto exchange collapsed ...
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Binance’s BNB Chain Reveals 'Red Alarm' List of 191 Risky dApps Running on Its Network: Details
Binance has listed 191 dApps on its Red Alarm list, warning that the named dApps could pose financial threats to unsuspecting members of the crypto community. Many of the dApps listed on the Red Alarm index have raised suspicions about offering fake tokens or high tax fees, raising the number of ways unsuspecting investors could lose their hard-ear...
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Steadier Hands, Durable Companies to Steer Crypto in 2023, Predicts Circle CSO
Despite the ongoing slump in the crypto market, industry analysts are optimistic that this downturn has filtered out shaky and evidently risky firms from the already volatile industry, Circle CSO Dante Disparte said in a recent post for the World Economic Forum (WEF).
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Bitcoin Hedge Appeal Increases for Investors Hit by British Pound Fiasco as Trading Volumes Skyrocket
A section of investors rapidly moved away from the British pound and towards Bitcoin following the announcement of former Prime Minister Liz Truss' mini-budget on September 23. In bitcoin's infancy, a key selling point was its potential protection against currency depreciation and inflation. Over time, cryptocurrencies began to trade more in lock...
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Mastercard Launches ‘Crypto Secure’ to Assist Banks in Preventing Cases of Fraud
Mastercard has launched a new tool called ‘Crypto Secure’ that is intended to help banks and financial institutions detect as well as prevent fraudulent activities associated with virtual digital assets. CipherTrace blockchain startup will be providing the infrastructure for rolling-out the tool.
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Coinbase Posts Quarterly Loss as Crypto Market Turmoil Hits Trading Volumes
Coinbase reported a larger-than-expected quarterly loss as investors worried by this year's rout in risky assets shied away from trading in cryptocurrencies, sending its shares down 6 percent after the bell on Tuesday.
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Tencent’s WeChat Blocks NFT-Linked Public Accounts as China Tightens Crypto Supervision
Chinese tech major Tencent has restructured its policies in order to clampdown on the trade of risky NFTs via its WeChat app. The aim is to prevent digital asset players from violating the laws using WeChat and to save investors from the risks of financial losses. Mini apps linked to NFTs, operating on the WeChat platform, are only allowed to displ...
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Advertisers To Put Disclaimers For "Highly Risky" Cryptocurrencies From April 1
Advertisers will have to put a disclaimer while promoting the "highly risky" and unregulated cryptocurrencies from April 1, a self-regulatory body for the industry said today.
-
Crypto Metrics That Every Investor Must Know
What do you need to know to invest in cryptocurrency? A lot, it turns out. But we've simplified the research you need to do to a few simple points, so that everyone can make more informed choices.
-
Should You Invest in Cryptocurrency?
Investing in cryptocurrency in India is going up steadily, but how many people are doing this simply because of a fear of missing out? There are a number of things that you need to consider before you think about investing in cryptocurrency. Let's take a look.
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Australian Regulator Seeks Feedback on Managing 'Risky' Cryptocurrency Assets
The Australian Securities and Investments Commission (ASIC) is seeking feedback to identify appropriate crypto assets and set up good market practices for financial instruments that expose them to digital currency-backed assets.
-
Basel Committee of Banking Supervision Approves Crypto Asset Disclosure Framework for Banks
The BCBS has given a green light to a ‘disclosure framework’ that will detail how the exposure of banks with crypto assets should go about. The disclosure framework by BCBS directs banks to maintain public records of their crypto engagements and their exposure to these risky assets.
-
PayPal USD Expected to Do Better Than Facebook's Libra in Stablecoin Market
PayPal's stablecoin is likely to succeed where Facebook's failed, thanks to the payment giant's standing in Washington and policymakers' greater understanding of the issues in the last three years. PayPal this month said it was launching PayPal USD, a crypto token pegged to the US dollar, making it the second major global company to launch a stable...
-
Blockchain Capital's Hacked X Account Advertises Fake Token Giveaway: Report
Blockchain Capital's X account was compromised by hackers on Wednesday. Scammers published a post promoting a fake crypto token on the microblogging platform. A link to a malicious website was also published along with the post, aiming to phish unsuspecting victims. It seems that Blockchain Capital has managed to regain access to its verified handl...
-
Australian Banks Pull Back Support to ‘Risky’ Exchanges to Shake Up Crypto Sector
The National Australia Bank (NAB) has joined others in halting payments to crypto exchanges that have been most named in scam-related complaints. The development comes after almost 50 percent of scam funds reported to the Australian Financial Crimes Exchange in the last one month were related to cryptocurrency.
-
FTX Seeks to Claw Back Over $240 Million From Embed Acquisition
Bankrupt crypto exchange FTX is seeking to claw back more than $240 million (nearly Rs. 2,000 crore) it paid for stock trading platform Embed, saying former FTX insiders did no investigation before buying the essentially worthless bug-ridden software platform. FTX closed on the Embed acquisition just six weeks before the crypto exchange collapsed ...
-
Binance’s BNB Chain Reveals 'Red Alarm' List of 191 Risky dApps Running on Its Network: Details
Binance has listed 191 dApps on its Red Alarm list, warning that the named dApps could pose financial threats to unsuspecting members of the crypto community. Many of the dApps listed on the Red Alarm index have raised suspicions about offering fake tokens or high tax fees, raising the number of ways unsuspecting investors could lose their hard-ear...
-
Steadier Hands, Durable Companies to Steer Crypto in 2023, Predicts Circle CSO
Despite the ongoing slump in the crypto market, industry analysts are optimistic that this downturn has filtered out shaky and evidently risky firms from the already volatile industry, Circle CSO Dante Disparte said in a recent post for the World Economic Forum (WEF).
-
Bitcoin Hedge Appeal Increases for Investors Hit by British Pound Fiasco as Trading Volumes Skyrocket
A section of investors rapidly moved away from the British pound and towards Bitcoin following the announcement of former Prime Minister Liz Truss' mini-budget on September 23. In bitcoin's infancy, a key selling point was its potential protection against currency depreciation and inflation. Over time, cryptocurrencies began to trade more in lock...
-
Mastercard Launches ‘Crypto Secure’ to Assist Banks in Preventing Cases of Fraud
Mastercard has launched a new tool called ‘Crypto Secure’ that is intended to help banks and financial institutions detect as well as prevent fraudulent activities associated with virtual digital assets. CipherTrace blockchain startup will be providing the infrastructure for rolling-out the tool.
-
Coinbase Posts Quarterly Loss as Crypto Market Turmoil Hits Trading Volumes
Coinbase reported a larger-than-expected quarterly loss as investors worried by this year's rout in risky assets shied away from trading in cryptocurrencies, sending its shares down 6 percent after the bell on Tuesday.
-
Tencent’s WeChat Blocks NFT-Linked Public Accounts as China Tightens Crypto Supervision
Chinese tech major Tencent has restructured its policies in order to clampdown on the trade of risky NFTs via its WeChat app. The aim is to prevent digital asset players from violating the laws using WeChat and to save investors from the risks of financial losses. Mini apps linked to NFTs, operating on the WeChat platform, are only allowed to displ...
-
Advertisers To Put Disclaimers For "Highly Risky" Cryptocurrencies From April 1
Advertisers will have to put a disclaimer while promoting the "highly risky" and unregulated cryptocurrencies from April 1, a self-regulatory body for the industry said today.
-
Crypto Metrics That Every Investor Must Know
What do you need to know to invest in cryptocurrency? A lot, it turns out. But we've simplified the research you need to do to a few simple points, so that everyone can make more informed choices.
-
Should You Invest in Cryptocurrency?
Investing in cryptocurrency in India is going up steadily, but how many people are doing this simply because of a fear of missing out? There are a number of things that you need to consider before you think about investing in cryptocurrency. Let's take a look.
-
Australian Regulator Seeks Feedback on Managing 'Risky' Cryptocurrency Assets
The Australian Securities and Investments Commission (ASIC) is seeking feedback to identify appropriate crypto assets and set up good market practices for financial instruments that expose them to digital currency-backed assets.
