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Moody’s recently downgraded the U.S. credit rating outlook to “negative” from “stable.” This has led to speculation that Bitcoin could be a safe haven asset for investors looking to hedge against the potential risks of a weakening U.S. economy. Moody’s Investors Service has indicated a potential downgrade of the U.S.’s top
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Moody’s Analytics launched its AI-enabled Digital Asset Monitor meant to track the volatility and risk in DeFi amid the mainstream adoption of stablecoins by institutional investors. The fast growth of fiat-backed stablecoins to over $120 billion by retail users in the past years has attracted major attention from institutional investors seeking
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Artificial intelligence (AI) and blockchain technologies have reached a "tipping point" and are set to shrink established industries while creating new ones, forecasts a report from Moody's Investors Service published on Sep. 6. According to the authors, the combined impact of AI and distributed ledger technologies (DLTs), such as blockchain, has
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"DLT could improve financial market efficiency, modernize the payment system, and foster financial inclusion," Vincent Gusdorf, head of DeFi and digital asset analytics, said in a press statement shared with CryptoX. "The overall economic and financial effects of technological changes, including the policy and strategic changes they prompt, are likely
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The investors’ service of credit ratings agency Moody's has reported that without support from United States lawmakers on both sides of the political aisle for legislation focused on digital assets, investors and companies could turn to other crypto-friendly jurisdictions.In a June 20 report, Moody’s pointed to key differences in the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Moody’s, the international credit ratings agency, has revised its outlook on Coinbase, the cryptocurrency exchange, from “stable” to “negative.” This decision comes after the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Coinbase for allegedly functioning
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Credit ratings agency Moody's has downgraded its rating of Coinbase from “stable” to “negative” following the SEC’s legal action against the crypto exchange for allegedly operating as an unregistered securities broker.In a June 8 statement, Moody's said the downgrade was due to concerns about the impact of the SEC action
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Digitalization is shaping the future of money, but traditional central bank money housed in commercial banks will remain dominant, Moody’s predicted in a new report. Essentially, trust trumps efficiency, it said after surveying a wide range of emerging or potential forms of money.The monetary landscape is becoming fragmented, Moody’s said, but
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After the tumultuous downfall of three major banks, namely Silvergate Bank, Silicon Valley Bank, and Signature Bank, several central banks made a collaborative announcement of a swift, coordinated emergency response. The intervention aimed to furnish U.S. dollar liquidity, with the intention of alleviating the impact of such severe shocks on
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Roughly ten days ago, the credit agency Moody’s Investors Service downgraded the U.S. banking sector from “stable” to “negative.” In a recent update on Thursday, the company stated that there is still a risk to the U.S. economy. The managing director of credit strategy at Moody’s explained that the country
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