risks
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The Recent Banking Crisis and Its Impact on the Future: Insights from J.P. Morgan CEO
On April 4th, J.P. Morgan CEO Damon stated that the current crisis is not over yet, and even if it is over, it will still have an impact in the coming years. In his annual letter t
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21Shares Launches 21Shares Stacks Stacking ETP
According to reports, Exchange Traded Product (ETP) issuer 21Shares has announced the launch of 21Shares Stacks Stacking ETP, aimed at providing risk investment exposure to Stacks.
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Bitget received $10 million in strategic investment from Dragonfly
According to reports, cryptocurrency venture capital Dragonfly announced today that it has made a strategic investment of $10 million in the global cryptocurrency derivatives tradi
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Banning Cryptocurrency: Are Major UK Banks Making the Right Call?
On April 4th, major banks in the UK were criticized for imposing restrictions on customers investing in cryptocurrencies. Nigel Green, CEO of financial consulting firm deVere Group
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BTC Worth $28507.1: Understanding Bitcoin’s Volatile Market
According to reports, the market shows that BTC has exceeded US $28500 and is currently trading at US $28507.1, with a intraday decline of 0.29%. The market is volatile, so please
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The Debate Continues: Coinbase CEO Opposes Suspension of ChatGPT Upgrade
According to reports, although some well-known figures in the technology industry have called for a suspension of the upgrade of ChatGPT, the CEO of Coinbase, the US cryptocurrency
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Data: Over 1000 BTCs transferred from unknown wallet addresses to Kraken
On March 31, according to Whale Alert monitoring, at 16:28:121098 BTCs (approximately $30.52 million) were transferred from unknown wallet addresses to Kraken on March 31, Beijing
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Ripple CTO David Schwartz Shares His Experience with FTX Derivatives Exchange: A Cautionary Tale
On March 31, David Schwartz, chief technology officer of Ripple, said that he had $2500 in cryptocurrency locked in FTX Derivatives Exchange, the now bankrupt cryptocurrency tradin
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BTC broke through $29000, hitting a new high since June 11, 2022
According to reports, the market shows that BTC has exceeded US $29000 and is currently trading at US $29021.7, with a intraday increase of 6.09%, hitting a new high since June 11,
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#OpenLevel Releases Unlicensed Liquidity Market Feature
On March 29th, according to official news, OpenLevel, a decentralized lending and margin trading agreement, announced the recent launch of a new unlicensed liquidity market feature
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Bitcoin Mining Contract Dispute: Lessons Learned from Tengchong Court’s Ruling
On March 28, it was reported that recently, the Tengchong court concluded the first Bitcoin \”mining\” contract dispute case in Tengchong. The court ruled that the contract was inval
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#SSV Transfers: An Overview of the Recent Developments
According to reports, online data shows that two large transfer transactions occurred in SSV one hour ago. Blox Holdings (SSV development company) transferred 40000 SSVs to Coin An
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On-Chain Data Shows ETH2 Deposits Exceeding 17.86 Million: What Does This Mean for Ethereum Investors?
On March 27th, according to on-chain data, the current beacon chain ETH2 contract address pledged deposits exceed 17.86 million ETHs, with a total value of over $31 billion, an inc
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The Horrifying Kidnapping of Aiden Pleterski: Lessons for Cryptocurrency Investors
On March 27th, according to court documents submitted earlier this month, Aiden Pleterski, who claims to be the \”King of Cryptocurrency\” in Canada, was kidnapped, tortured, and ran
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Moody’s Analyst: Texas can save money and improve transparency by using blockchain to issue bonds
According to reports, Moody’s analysts say Texas can save money and improve transparency by using blockchain to issue bonds. Although the introduction of technology is accompanied by certain risks. According to rating agencies, such use cases can reduce management costs by 35% over the entire life cycle of securities. The risks of cyber attacks, price fluctuations, and regulatory uncertainty need to be considered. Interpretation of this information: The use of blockchain technology in the issuance of bonds in Texas has been recommended by Moody’s analysts as a means of improving…
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The White House attacks digital assets in a new report, arguing that cryptocurrency is not worth much
According to reports, a new report from the White House has criticized digital assets for failing to fulfill their initial commitments and posing risks to consumers and the entire US financial system. The report points out that digital assets have been touted as distribution tools for intellectual property and financial value, better payment mechanisms, ways to increase financial inclusion, and ways to cut off financial intermediaries, “So far, crypto assets have not brought any benefits. So far, crypto assets do not appear to provide any fundamental value for investment, nor…
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2023 US Presidential Economic Report: Cryptographic assets are too risky to be used as a payment tool or to expand financial inclusion
According to reports, in 2023, the US President’s Economic Report was released, with a total of 9 chapters. Chapter 8, “Digital Assets: Learning Economic Principles Again,” first introduces the potential advantages of cryptocurrencies, including improving payment systems, enhancing financial inclusiveness, and creating a mechanism for allocating intellectual property and financial value; Subsequently, it was pointed out that crypto assets did not bring any relevant benefits, pointing out that crypto assets are mainly speculative investment tools, cryptocurrencies generally cannot effectively play all the functions of currencies like sovereign currencies (such as…
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The MakerDAO community initiated a vote on “whether to diversify the existing PSM stable currency reserve dominated by USDC”
On March 21, the MakerDAO community launched a public opinion poll on the standardization of PSM parameters. Option 1 of the proposal is to diversify the stable currency reserves of the Anchor Stabilization Module (PSM) to diversify risks and improve the flexibility of stable currency liquidity. Option 2 is to maintain the USDC as a primary reserve. Currently, the voting approval rate for Option 2 is 60.24%. The voting will end at 00:00 on March 23rd. Interpretation of this information: The MakerDAO community recently initiated a public opinion poll regarding…
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Belgian financial regulators require cryptocurrency advertising to be accurate and warn investors of risks
According to reports, according to a new law announced by the Belgian financial regulator on Monday, Belgian cryptocurrency advertising must be accurate and warn investors of risks. The power announced in the Belgian Official Gazette on Friday means that any mass media activity promoting digital currencies must be submitted to the Financial Services and Markets Authority (FSMA) ten days in advance, so that regulators can intervene when needed. Interpretation of this information: The Belgian financial regulator has recently announced a new law that requires any cryptocurrency advertising to be precise…
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IMF: The widespread use of cryptocurrency may cause banks to lose deposits and reduce loans
It is reported that the International Monetary Fund (IMF) has warned G20 countries that the widespread use of encrypted assets may cause banks to lose deposits and reduce loans. The report said: “The widespread use of encrypted assets has brought huge risks to the effectiveness of monetary policy, exchange rate management, capital flow management measures and fiscal sustainability. In addition, central bank reserves and the global financial safety net may need to be changed, resulting in potential instability. Finally, banks may lose deposits and have to reduce lending.” The report…