Tag: Report

Bitcoin․com Exchange Market Insights Report for May 2022 – Promoted Bitcoin News

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This is the May 2022 monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more. Crypto Market Performance May got off to a rough start as the Federal Reserve confirmed a hawkish bias on the back of lingering inflation. Markets reacted by going risk-off. The collapse of LUNA and UST added fuel to the fire, with the result that crypto markets saw historically large drawdowns. BTC reached a low of $25.4k…

Indian Central Bank Says Cryptos Could Lead to “Dollarization” of Economy: Report

CryptoX – Cryptocurrency Analysis and News Portal Cryptocurrencies can lead to “dollarization” of a part of the economy and this could be against the country’s sovereign interest, the top officials of India’s central bank told a parliamentary committee on finance, according to a Press Trust of India report. Source The post Indian Central Bank Says Cryptos Could Lead to “Dollarization” of Economy: Report appeared first on CryptoX. CryptoX Portal

Onchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini – Bitcoin News

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After the collapse of Terra’s once-stable coin terrausd (UST), a number of people wondered where the Luna Foundation Guard’s (LFG) bitcoin went, as the funds were supposed to be used to defend the UST’s $1 parity. On Friday, the blockchain intelligence and analytics firm, Elliptic, published a blog post that summarizes where the bitcoin was sent, according to the firm’s network surveillance tools. LFG Bitcoin Stash Deposited Into 2 Digital Currency Exchanges According to Elliptic’s Blockchain Analytics Software While reflecting on the recent crypto market chaos and the Terra stablecoin…

European Commission Has ‘Serious Doubts’ About Markets in Crypto Assets Draft, Report Reveals – Regulation Bitcoin News

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The European Commission disagrees with some provisions in the crypto regulatory proposal approved recently by the European Parliament. The executive arm in Brussels is unhappy with certain anti-money laundering measures, according to a media report quoting unofficial correspondence. European Commission Working on Compromise Proposal for EU Crypto Rules Europe’s upcoming Markets in Crypto Assets (MiCA) legislation is facing challenges in the trilogue stage, less than two months after the European Parliament voted on the draft. Since then, discussions have been underway with the other two parties in the European Union’s…

Crypto needs regulation but should be done right: Report and database

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Regulatory attitudes toward crypto are constantly evolving, often at a slower pace than the crypto industry itself. Institutions and the broader public will not seriously consider working with cryptocurrencies without clear and comprehensive regulation. Furthermore, the industry suffers from widespread scams, phishing and hacks that very often have no legal repercussions. This bolsters the audacity of wrongdoers and augments the image of crypto as an arena for shady characters. Download the full report here, complete with charts and infographics In a new report, Cointelegraph Research provides an assessment of regulations…

SEC Chair Gary Gensler Says Crypto Exchanges Are Betting Against Their Own Clients: Report

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U.S. Securities and Exchange Commission (SEC) chair Gary Gensler says the way crypto exchanges are structured could work to the disadvantage of users. In a new Bloomberg report, Gensler notes that, unlike traditional finance, cryptocurrency exchanges have not set up clear distinctions between various aspects of their service. Since exchanges are responsible for the custody of assets, transacting on both sides of a marketplace as well as providing the venue for traders, Gensler says he’s concerned such “commingling” could be harmful to customers. “Crypto’s got a lot of those challenges…

FASB to Review Accounting Rules for Digital Assets Held on Balance Sheets: Report

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