Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $3,755,059,592,367.10
  • 24h Vol: $250,367,275,025.31
  • BTC Dominance: 55.34%

financial stability

global-asset-freeze-targets-fugitive-‘cryptoqueen’-and-onecoin

Global Asset Freeze Targets Fugitive ‘Cryptoqueen’ and Onecoin

Leave a Comment / bank reserves, Bitcoin, BTC, Crypto, Crypto Hacked, Cryptocurrency, Economics, El Salvador, Ethereum, financial stability, fiscal stability, Governance, IMF, Nayib Bukele, Transparency / / / , , , , , , , , , , , ,

A London high court has announced a global asset freeze targeting Onecoin’s co-founder Ruja Ignatova and associates. Over 400 investors sought this legal action after losing millions in the Onecoin cryptocurrency scam. The asset freeze prevents further movement of Ignatova’s wealth, possibly aiding victims’ compensation. Onecoin’s Ruja Ignatova Faces Global Asset Freeze Amid Investor Lawsuit […]

Global Asset Freeze Targets Fugitive ‘Cryptoqueen’ and Onecoin Read More »

korean-researcher-says-benefits-of-spot-crypto-etfs-are-outweighed-by-potential-harm

Korean Researcher Says Benefits of Spot Crypto ETFs Are Outweighed by Potential Harm

Leave a Comment / Bitcoin, bitcoin etf, crypto assets, Crypto Hacked, Cryptocurrency, Ethereum, Featured, financial stability, virtual assets / / / , , , , , ,

A researcher with the Korean Institute of Finance has warned South Korea against introducing spot cryptocurrency exchange-traded funds (ETFs) because these may pose risks to financial stability. The introduction of spot crypto ETFs could exacerbate the inefficient allocation of resources. Spot Crypto ETFs Cause Inefficient Allocation of Resources Bo-mi Lee, a researcher with the Korean

Korean Researcher Says Benefits of Spot Crypto ETFs Are Outweighed by Potential Harm Read More »

thai-finance-minister-revokes-crypto-exchange-zipmex’s-licenses

Thai Finance Minister Revokes Crypto Exchange Zipmex’s Licenses

Leave a Comment / Bitcoin, Crypto, Crypto Hacked, crypto trading, Cryptocurrency, cryptocurrency compliance, digital asset exchange, Ethereum, financial stability, News Bytes, News Bytes - 2, thai sec, Zipmex license revoked, Zipmex licenses / / / , , , , , , , , , , ,

The Securities and Exchange Commission (SEC) of Thailand announced Monday that the Thai Minister of Finance has revoked Zipmex’s digital asset exchange and broker licenses effective May 28, 2024. This decision, which followed the Thai SEC Board’s recommendation, was based on concerns over the crypto trading platform’s financial stability, inadequate management structure, and insufficient personnel,

Thai Finance Minister Revokes Crypto Exchange Zipmex’s Licenses Read More »

experts-say-dollar-dominance-debate-misses-the-point,-us-needs-economic-focus

Experts Say Dollar Dominance Debate Misses the Point, US Needs Economic Focus

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Two experts have explained that the global debate on the future of dollar dominance misses the point because it doesn’t focus on how the dollar’s future will evolve. They warned: “If the U.S. doesn’t keep its house in better order, dollar dominance will be the least of our worries.” Experts Discuss US Dollar’s Dominance Steven

Experts Say Dollar Dominance Debate Misses the Point, US Needs Economic Focus Read More »

report:-korean-central-bank-to-gain-right-to-probe-virtual-asset-entities-after-financial-regulator-drops-opposition

Report: Korean Central Bank to Gain Right to Probe Virtual Asset Entities After Financial Regulator Drops Opposition

Leave a Comment / Bank of Korea, Bitcoin, Crypto Hacked, Cryptocurrency, Digital Assets, Ethereum, Financial Services Commission, financial stability, Regulation, virtual assets / / / , , , , ,

The South Korean central bank is set to be granted the right to investigate virtual assets after the Financial Services Commission (FSC) dropped its opposition to the move. According to a report, the FSC dropped its opposition to the central bank’s bid after it was accused of seeking to make itself the country’s sole regulator

Report: Korean Central Bank to Gain Right to Probe Virtual Asset Entities After Financial Regulator Drops Opposition Read More »

yellen-says-us-‘not-willing-to-allow-contagious-bank-runs,’-calls-opec-oil-production-cut-‘unconstructive’

Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’

Leave a Comment / bank failures, Banking Industry, Banking system, Bitcoin, climate crisis, climate risks, Crypto Hacked, Cryptocurrency, economic impact, economic opportunity, Economics, Economy, Ethereum, FDIC, Federal Deposit Insurance Corporation, Federal Reserve, financial risks, financial stability, Government, government intervention, government policy, inflation, Janet Yellen, Legislation, oil prices, oil production, opec, outflows, Signature Bank, Silicon Valley Bank, stabilization, U.S. Treasury Secretary, Yale University / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely monitoring the banking industry. Yellen insisted that “matters

Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’ Read More »

treasury-secretary-yellen-holds-unscheduled-meeting-with-top-financial-regulators-amid-turmoil-in-banking-sector

Treasury Secretary Yellen Holds Unscheduled Meeting With Top Financial Regulators Amid Turmoil in Banking Sector

Leave a Comment / Banking, benchmark, Bitcoin, Bloomberg, collapse, Congress, Crypto Hacked, Cryptocurrency, deposit insurance, depositors, Ethereum, Exception, FDIC, federal government, Federal Reserve, financial stability, First Republic, indexes, institutions, intervention, Janet Yellen, Measures, meeting, News, Oversight Council, Pacwest Bancorp, Protect, Regulators, Regulatory Agencies, Signature Bank, Silicon Valley Bank, stocks, systemic risk, Truist, turmoil, Western Alliance Bancorp / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

U.S. Treasury secretary Janet Yellen initiated an unscheduled Financial Stability Oversight Council (FSOC) meeting with the country’s top financial regulators on Friday amid issues plaguing the U.S. banking sector. Banking stocks and all four U.S. benchmark indexes fell again on Friday as the government’s efforts last week failed to quell the country’s financial calamity. Janet

Treasury Secretary Yellen Holds Unscheduled Meeting With Top Financial Regulators Amid Turmoil in Banking Sector Read More »

biden-administration’s-economic-report-deems-crypto-assets-‘mostly-speculative-investment-vehicles’

Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’

Leave a Comment / artificial scarcity, Bad Actors, Biden Administration, Bitcoin, Compliance, crypto assets, Crypto Hacked, Cryptocurrency, decentralized finance, DeFi, Digital Assets, Digital Currencies, Distributed Ledger Technology, Economic Report of the President, Ethereum, financial innovation, financial intermediaries, Financial Markets, financial regulations, financial stability, financial system, illicit finance risks, Investors, Joe Biden, News, Regulations, Regulatory Compliance, risk management, Software, sovereign money, Stablecoins, Technology, U.S. dollar, Web3, White house / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do not deliver on their promises

Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’ Read More »

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Several Major Central Banks Take Coordinated Action to Boost Liquidity Amidst Banking Crisis

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On Sunday evening, March 19, 2023, at 5:00 p.m. Eastern Time, the U.S. Federal Reserve, along with several central banks including the Bank of England, Bank of Canada, Bank of Japan, the European Central Bank, and the Swiss National Bank, announced a coordinated action to enhance the provision of liquidity via the standing U.S. dollar

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google-trends-data-reveals-searches-for-‘banking-crisis,’-‘bank-runs,’-skyrocket

Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket

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Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “bank collapse,” and “bank failure.” On March 13, 2023, the search term “banking crisis” reached the top Google Trends

Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket Read More »