The crypto market was in a sea of red on Friday as bitcoin, the world's largest cryptocurrency by market capitalization, tumbled more than 10% over the past 24 hours.It appears that global investors have entered the year with a reduced appetite for risk, and so the correlations between speculative assets such as cryptocurrencies and equities have increased, which results in … [Read more...] about Market Wrap: Cryptocurrencies Tumble as Global Investors Reduce Risk
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JPMorgan Says Ethereum’s DeFi Dominance at Risk Due to ‘Sharding’ Delays
Alternative blockchains such as Terra, Binance Smart chain, Avalanche, Solana, Fantom, Tron and Polygon have been gaining the most market share in the DeFi space, and these competitors have received a lot of funding and used incentives to increase usage in their own ecosystems, JPMorgan said. Source link … [Read more...] about JPMorgan Says Ethereum’s DeFi Dominance at Risk Due to ‘Sharding’ Delays
Polygon upgrade quietly fixes bug that put $24B of MATIC at risk
Ethereum-based layer two scaling network Polygon has quietly fixed a vulnerability that put almost $24 billion worth of its native token MATIC at risk. According to a Dec. 29 blog post from Polygon, the “critical” vulnerability in the network’s Proof-of-Stake (PoS) Genesis contract was first highlighted by two whitehat hackers on Dec. 3 and Dec. 4 via blockchain security and … [Read more...] about Polygon upgrade quietly fixes bug that put $24B of MATIC at risk
Bitcoin, Ether Dip in ‘Bearish Asia Session’ as China Rate Cut Fails to Inspire Risk Buying
Bitcoin and ether were again trading lower in Asian hours, continuing the year-long trend of losing ground mainly when America is asleep. The decline comes as traditional markets turn a blind eye to China’s interest rate cut and remain risk-averse.At press time, bitcoin, the top cryptocurrency by market value, was trading near $46,600, representing a 0.5% drop on the day. Ether … [Read more...] about Bitcoin, Ether Dip in ‘Bearish Asia Session’ as China Rate Cut Fails to Inspire Risk Buying
How Risk Scoring Can Help Meet Regulatory Requirements
A set of critical safeguarding rules are common to any cryptocurrency transaction, wherever the jurisdiction: tracking blockchain transactions to identify suspicious entities, updating policies and aligning with the latest regulatory requirements, customizing monitoring mechanisms to identify specific risks, conducting consistent risk assessment exercises and studying … [Read more...] about How Risk Scoring Can Help Meet Regulatory Requirements