On Friday, credit rating agency Fitch published a research piece about Russia's proposed ban on cryptocurrencies. Although the report agreed with the Central Bank of Russia's (CBR) position that the ban would limit its financial system's exposure to risks, it also cautioned that such a proposal could "hold back the diffusion of technologies that could improve productivity."In … [Read more...] about Fitch says proposed Russia crypto ban eases risks but curbs innovation
Risks
How to Stay Safe in DeFi: Red Flags and Risks You Need to Know
Decentralized finance (DeFi) is one of the fastest-growing sectors of the crypto industry, with $92 billion worth of crypto assets currently locked in peer-to-peer powered protocols – up 196% over the last year.This growth can largely be attributed to the many lucrative, high-interest earning opportunities available across DeFi lending and trading platforms. But, of course, … [Read more...] about How to Stay Safe in DeFi: Red Flags and Risks You Need to Know
OpenDAO’s SOS Token Hits $250M Market Cap Despite Unclear Goals, Security Risks
Airdrops are a token distribution method that allows crypto users who have performed certain actions to claim tokens. In this case, the airdrop applied to any Ethereum address which purchased a non-fungible token (NFT) on the popular OpenSea marketplace – a potential pool of over 850,000 addresses. To be clear, OpenDAO has no relationship with OpenSea aside from targeting its … [Read more...] about OpenDAO’s SOS Token Hits $250M Market Cap Despite Unclear Goals, Security Risks
Fitch Says Improved Regulation Could Moderate Stablecoin Credit Risks
Increased regulatory certainty regarding the status of stablecoin and their issuers may create market opportunities, as regulatory risks have deterred financial institutions from engaging in the space, Fitch Ratings said in a report published on Tuesday. Source link … [Read more...] about Fitch Says Improved Regulation Could Moderate Stablecoin Credit Risks
Financial Stability Group Warns of Stablecoin, DeFi Risks in Annual Report
“The reserves of these stablecoins, however, may not be subject to rigorous audits and the quality and quantity of collateral may not, in some cases, correspond to the issuer’s claims. Likewise, stablecoins that maintain their value through algorithmic mechanisms are potentially subject to failure due to market pressures, operational failures, and other risks,” the report … [Read more...] about Financial Stability Group Warns of Stablecoin, DeFi Risks in Annual Report