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Crypto Assets Become More Mainstream as Hedges Against Weak Currencies, Potential Payment Instruments – Regulation Bitcoin News

boss Exchanges, News

The International Monetary Fund (IMF) published a report stating that crypto assets have gained a “more mainstream presence as speculative investments, hedges against weak currencies, and potential payment instruments.” The IMF has called for a global response to crypto regulation that is coordinated, consistent, and comprehensive. IMF Officials on Crypto Regulation,

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Regulators have a weak case against FTX on deposit insurance

boss Cryptocurrency Market, News

In a cease-and-desist letter to fast-growing crypto exchange FTX, the Federal Deposit Insurance Corporation (FDIC) shed light on a now-deleted tweet from the exchange’s president, Brett Harrison, and issued a stark warning over the company’s messaging.Harrison’s original tweet said, “Direct deposits from employers to FTX US are stored in individually

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S&P Global downgrades Coinbase credit rating for weak Q2 earnings, competitive pressures

boss Exchanges, News

Major American cryptocurrency exchange Coinbase saw its long-term issuer credit rating downgraded from BB+ to BB status by rating agency S&P Global following its latest earnings report this year.The agency confirmed the downgrade in a note on Thursday, pointing toward Coinbase’s weaker performance in the second quarter of 2022 as

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Twitter Posts $270M Q2 Loss, Blames Weak Ad Market and Uncertain $44b Elon Musk Deal

boss Bitcoin News, News

Summary: Twitter has posted a $270 million quarterly loss in its first earnings report since Elon Musk expressed interest in buying the company. Twitter cites a weak ad market and Elon Musk’s one-eighty-degree turn on the $44 billion acquisition deal as the main reasons for the negative earnings. Social media behemoth Twitter posted

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Bitcoin analysts weigh sub-$17.5K dip after ‘weak’ BTC price bounce

boss Exchanges, News

Bitcoin (BTC) avoided losses as United States equities dived on the July 14 Wall Street open, but traders remained nervous.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: "No way" Bitcoin bottomed at $17,500Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it lingered around $20,000 on the day.Wall Street opened with

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Crypto Can Overcome Its Reputation as a Weak Link in Financial Crime. Here’s How

boss ICO

Without such organization-wide backing for compliance, the best systems, policies and controls will be washed away, heightening the risk of illicit proceeds getting into the system. The crypto-asset industry is in a good position to advocate and promote best practices internally, with the external benefit of assuaging broader concerns. Original Source

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Coinbase Outlines Cost-Cutting Measures, Employee Grants Amid Weak Results and Crypto Rout: Report

boss Bitcoin News, News

In its first-quarter earnings report, Coinbase reported lower-than-expected revenues, and a quarterly net loss of $430 million, compared with a profit of $840 million in the fourth quarter of 2021. The company said it expected about $1.7 billion of stock-based compensation expenses, up from $1.5 billion previously, citing “hiring trends

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