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Milei, a self-described anarcho-capitalist, has been supportive of bitcoin, calling it "the return of money to its original creator, the private sector." He has not, however, proposed making the world's largest cryptocurrency legal tender in the country. Source
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On Oct. 10, the development team for gaming project FinSoul carried out an alleged exit scam, siphoning away $1.6 million from investors through market manipulation, according to a recent report from blockchain security platform CertiK shared with Cryptox. The FinSoul team allegedly hired paid actors to pretend to be its executives,
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A report on Sep. 7 reveals that global regulators, including the International Monetary Fund (IMF), are working to reduce risks that cryptocurrencies may pose to economic and financial stability. In their evaluation, these regulators argue that many of the advantages of digital assets, such as cheaper and quicker cross-border payments, have
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A prominent cryptocurrency analyst, Bluntz, has expressed skepticism about the recent uptrend that increased Bitcoin and Ethereum prices by more than 5%.
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The number two at the Indian central bank said that stablecoins are beneficial to economies such as the U.S. and Europe, to whose currencies the stablecoins may be linked. But in a country like India, they could potentially replace the use of the rupee in the local economy, Sankar said,
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Rising bitcoin prices mean a stronger balance sheet, higher stock prices and easier debt repayment, without the company needing to sell its holdings, the report said. Source
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Former Treasury Secretary Lawrence Summers has expressed concerns that a rising number of countries, including China, Russia, and the Middle East, are aligning themselves and gaining global influence. “I think [it] is a huge challenge for the United States,” he cautioned. Larry Summers on Countries Banding Together Against the US Former Treasury
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Security has been a critical challenge for decentralized finance (DeFi) and its evolution. Between 2020 and 2022, hackers stole over $2.5 billion through vulnerabilities on cross-chain bridges, Token Terminal data shows. This is a substantial amount compared with other security breaches.Issues with bridges have a root cause: All of them have
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In the past, researchers have often pointed out the danger of stablecoins not being fully backed or being unable to maintain a 1:1 peg to the dollar. The latest report, however, seems more concerned with the risk that one large issuer could have the power to blot out competitors, which
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The body, which is responsible for ensuring the stability of the financial system in the EU, said in a statement on Thursday that while crypto assets currently have a limited hold on the financial system, ”these risks could materialize quickly and suddenly.” Source
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