Cryptocurrency Analysis and News Portal
The U.S. stock market is approaching a crucial turning point as uncertainty over inflation rises after hotter-than-expected economic data released in February. Despite mounting investor worries, the economy is showing signs of resilience that could protect it against a significant downside move. The escalating risk-off sentiment in the market is also
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Bitcoin (BTC) investors reeling from the shock of recent cryptocurrency company failures and banking issues may face another potential problem: a recovering United States dollar.US dollar strength reemergesNotably, the U.S. Dollar Index (DXY), which tracks the greenback’s performance against a basket of top foreign currencies, has risen 4% from its
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Two United States lawmakers have criticized crypto accounting guidelines outlined by the securities regulator, arguing it places crypto customers at greater risk of loss.The guidelines came from the United States Securities and Exchange Commission (SEC), which became effective in April last year. The guidelines ask financial companies holding crypto for
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The cryptocurrency's Wednesday bounce is consistent with the recent trend of Asian flows leading the market strength. Source
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In a joint statement released by three United States federal agencies, the banking sector was advised against creating new risk management principles to counter liquidity risks resulting from crypto-asset market vulnerabilities.The Board of Governors of the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller
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Payments giant PayPal and investment management firm Galaxy joined hands to raise $20 million in seed funding for Chaos Labs, a New York-based cloud platform for securing blockchains and protocols.With an automated risk management platform, Chaos Labs protects crypto protocols against external exploits and risks. The platform does this by
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The European Parliament has released a report on a draft bill proposing that banks holding cryptocurrencies set aside a large amount of capital in an effort to address potential risk.In a Feb. 9 notice, European Union lawmakers said any framework applied to crypto assets should “adequately mitigate the risks of
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The U.S. government is set to tighten regulations to mitigate the growing risks associated with the crypto industry. This development comes after increased scrutiny following the collapse of FTX and Terra Luna in 2022. In a press release on January 27, the White House put forward a comprehensive roadmap designed to
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Linda Jeng of the Crypto Council for Innovation says the U.S. needs to establish clear crypto guidelines or it may run the risk of falling behind in innovation and market influence. Source
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Under the industry’s self-regulation code, advertisements must clearly warn users of investment risk and social media influencers shouldn’t offer trading advice. Source
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