Analyst Says Ethereum Is Seeing ‘Systemic Buying’, What This Means
A CryptoQuant Analyst has identified a significant systemic buying trend in Ethereum, suggesting a rising influx of strategic investments into the blockchain
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systemic
Bank of England to Continue With Plans for a Systemic Stablecoin Regime
The consultation set out that systemic stablecoins would be supervised by both the BoE and Financial Conduct Authority (FCA), which was welcomed by respondents. Respondents and the government also supported extending the accountability framework (which evaluates whether the regulators approach is future proof) to systemic stablecoins. Original Source
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Curve liquidation risk poses systemic threat to DeFi even as founder scurries to repay loans
On July 30, Curve Finance, a decentralized exchange on Ethereum, suffered a hack due to a vulnerability in certain pools built using the Vyper programming language.The price of Curve DAO (CRV) dropped 20.91% on the day of the hack, falling to a two-month low of $0.58. The next day, the
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A Growing Metaverse Poses Systemic Risks Regulators Need to Recognize, BOE Researchers Say
If the metaverse grows, households might rely more on crypto and banks and financial institutions might have greater exposure, Bank of England researchers said. Original Source
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Reserve Bank of India ranks crypto near the bottom of systemic risks despite harsh criticism
In its latest financial stability report published on Thursday, the Reserve Bank of India, or RBI, reiterated its skepticism of digital assets, writing: "We must be mindful of the emerging risks on the horizon. Cryptocurrencies are a clear danger. Anything that derives value based on make-believe, without any underlying, is just
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Goldman Sachs Says DeFi’s Interconnections Can Increase Systemic Risk
The collapse in UST hit stETH, with the token trading at a 4.5% discount to ETH, Goldman said. That’s because stETH holders were able to convert their tokens into bonded ether (bETH) and earn rewards on Terra’s Anchor Protocol. As a result stETH was vulnerable to Terra blockchain halts, which
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Cryptocurrencies Carry Systemic Risks, Threaten Ruble, Bank of Russia Insists – Finance Bitcoin News
The spread of cryptocurrencies brings significant risks for Russia’s economy, financial stability, and national fiat, the monetary authority in Moscow has reiterated. The central bank has reaffirmed its hardline stance on decentralized digital money in a new report published as the government prepares to regulate the Russian crypto space. Central Bank
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Letter to 5Rights Foundation in response to the charity’s research into systemic breaches of the Age Appropriate Design Code (Children’s code)
Dear Baroness Kidron, Many thanks for your letter of 08 October and its accompanying annex relating to the evidence gathering by 5Rights in relation to the ICO’s age appropriate design code (Children’s code). It is encouraging to see the deep dive that 5Rights have done on the code’s influence in the lead
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“Bitcoin is not a F*cking Systemic Hedge If You Hold Your Bitcoin at a Financial Institution”
CoinShares’ chief strategy officer Meltem Demirors shared her view on how the latest crisis in the oil market will impact the ever-changing narratives around Bitcoin. Changing narratives According to Demirors, the recent crash in oil prices is a watershed moment which will change forever the narratives in the investment world. As she
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Repo Market Meltdown Shows Bitcoin’s ‘Systemic’ Stability: Caitlin Long
Wyoming Blockchain Coalition president Caitlin Long has responded to the recent unrest in the money markets by analyzing the systemic fragility of the traditional financial sector as compared with Bitcoin (BTC).In a Medium blog post published on Sept. 25, Long made the argument that “at a systemic level, the
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