50% of Global Assets Now Held by Non-Banks, Warns BoE Chief

Speaking at The University of Chicago Booth School of Business in London, Andrew Bailey, the Bank of England’s Governor, raised concerns over the influence of non-bank financial (NBFIs) institutions in global markets.

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Bitcoin hinges on $93K support, risks $1.3B liquidation on trade war concerns

Global trade war concerns may pressure Bitcoin below the key $93,000 support in the short term, analysts told Cointelegraph.

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BOJ's Ueda Says Need to Maintain Accommodative Monetary Environment to Support Economy

The slightly dovish take may assuage concerns about a yen-led risk-off in global markets, including cryptocurrencies.

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Trump executive order raises EU concerns over USD stablecoin dominance

US dollar-pegged stablecoins account for 97% of the global stablecoin market, raising concerns in the EU about Trump’s plans to push dollar dominance through stablecoins.

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Thai authorities bust Bitcoin mining farm in multi-million Baht electricity theft scandal

Authorities uncovered a massive Bitcoin mining scheme in Thailand, seizing nearly 1,000 machines. The operation strained Thailand’s power grid, echoing global concerns over crypto mining's enThe post Thai authorities bust Bitcoin mining farm in multi-million Baht electricity theft scandal appeared first on AMBCrypto.

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MEXC Announces USDT Trading Support for EU Users

As the European Union prepares to implement the Markets in Crypto-Assets Regulation (MiCA), many exchanges have suspended USDT services, raising liquidity concerns for European traders. In response, global cryptocurrency exchange MEXC has announced that EU users can continue trading USDT freely on the platform.

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CryptoQuant CEO questions if US will embrace Bitcoin amid dollar dominance concerns

CryptoQuant CEO Ki Young Ju questioned whether the US would need to adopt a Bitcoin standard unless global confidence in the dollar significantly erodes. His remarks come as conversations intensify about Bitcoin’s (BTC) role in the US financial system, drawing parallels to past debates over the gold standard.

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Billionaire Ray Dalio supports Bitcoin and Gold over debt assets

Ray Dalio has highlighted the growing risks of global indebtedness, urging investors to pivot toward “hard money” assets like gold and Bitcoin rather than traditional debt instruments. Speaking at a financial conference in Abu Dhabi, Dalio expressed concerns about mounting…

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Morocco to legalize cryptocurrency after six-year ban: what changed?

Morocco is poised to lift its 2017 ban on cryptocurrencies, introducing legislation aimed at creating a regulated framework for crypto transactions. This marks a significant shift in policy as the country seeks to embrace the growing global trend of digital assets while addressing concerns about their misuse.

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Cardano Founder Breaks His Silence On Wyoming Stablecoin

In a livestream on November 25, Charles Hoskinson, the founder of Cardano and CEO of Input Output Global (IOG), voiced serious concerns over the Wyoming stablecoin project, highlighting what he perceives as procedural misconduct and unfair exclusion of the Cardano blockchain.

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CLS Global CEO Filipp Veselov Addresses SEC Investigation, Commits to Compliance

In response to a recent US Securities and Exchange Commission (SEC) investigation, CLS Global has come forward to address the scrutiny surrounding its operations. CEO Filipp Veselov has responded directly, underscoring CLS Global’s commitment to regulatory compliance and outlining the proactive steps the company is taking to resolve any concerns with US authorities.

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Polymarket faces potential ban in France amid gambling concerns

A ban on Polymarket in France could set a precedent for stricter global regulations on crypto-based prediction markets, impacting their growth. The post Polymarket faces potential ban in France amid gambling concerns appeared first on Crypto Briefing.

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Asia Surpasses North America in Crypto Developer Dominance, Raising Concerns About US Sector Leadership

The global landscape of cryptocurrency development is undergoing a dramatic shift, with Asia overtaking North America as the dominant hub for blockchain talent. This development raises significant concerns about the United States' ability to maintain its leadership position in the rapidly evolving crypto economy, particularly given the coincident explosive growth of the market itself. 

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Paxos CEO warns US could become ‘rust belt of finance,’ urges stablecoins

In a recent open letter, Paxos CEO Charles Cascarilla expressed concerns that the United States risks falling behind in global finance without adopting stablecoin technology.  Addressed to current presidential candidates, Vice President Kamala Harris and former President Donald Trump, the…

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Singapore’s Temasek: Trump would not be good for world economy, financial markets

Temasek, a Singaporean investment firm, shows concerns over the potential impact of Donald Trump’s presidential victory on the global economy.  According to a Bloomberg report, Temasek’s chief investment officer, Rohit Sipahimalani, argues that while Trump may appeal to markets due…

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Ethereum’s 0.0116% Funding Surge Sparks 20% Leverage Washout Concerns

Ether's perpetual futures funding rates have soared to levels unseen since before August's global liquidation event. What are the market implications?

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EU’s MiCA bill set to shape global stablecoin regulations — Binance

While MiCA is seen as a net positive for stablecoin regulation, it introduces consolidation concerns, especially among small crypto firms.

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AI risks financial stability, warns Indian central bank governor

India’s central bank governor has warned of financial risks linked to AI dominance in finance, echoing concerns from global financial authorities.

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CoinGecko: Major asset classes outperformed Bitcoin in Q3

Bitcoin ended Q3 with a modest 0.8% price increase, overshadowed by gold’s significant 13.8% rise, fueled by concerns about the economy and global tensions. As global uncertainties loom, investors are turning to safe havens for stability, leaving Bitcoin (BTC) trailing…

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Scroll lists on Binance, sparking debate over centralization concerns

Scroll’s Binance listing has sparked community debate, with critics raising concerns about centralization, while Scroll’s co-founder has highlighted global growth strategies.

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Worldcoin Traders Face Scrutiny in Singapore For Potential Financial Crimes

Singaporean authorities probe traders violating payment laws linked to Worldcoin. Global privacy concerns rise as regulatory scrutiny intensifies. The post Worldcoin Traders Face Scrutiny in Singapore For Potential Financial Crimes appeared first on BeInCrypto.

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Japan's crypto market on edge: BOJ rate hike fears spark concerns

Bank of Japan's rate hikes could trigger new cryptocurrency market turmoil. Japan's crypto market share declines as the Prime Minister's departure looms. Recent volatility in the global econThe post Japan's crypto market on edge: BOJ rate hike fears spark concerns appeared first on AMBCrypto.

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BitGo CEO Says Wrapped Bitcoin’s Critics Aren’t Being ‘Intellectually Honest’ About Their Concerns

The loudest critics of BitGo’s deal with Justin Sun-affiliated BiT Global also want to see their ‘number go up.’

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Ethereum Classic (ETC) price soars despite trading volume and liquidation concerns

The global cryptocurrency market cap increased by 1. 12% over the past day to $2. 1 trillion as bulls attempted recoveries following the latest crash. Bitcoin (BTC) trades at $59,669 after gaining 0.

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Jefferies lowers Coinbase target to $220: Is it time to sell?

Jefferies has revised its price target for Coinbase Global Inc. (NASDAQ: COIN) from $245 to $220, maintaining a Hold rating on the stock. This adjustment reflects growing concerns over market conditions and declining volatility in the cryptocurrency sector.

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Malaysia adopts Worldcoin’s iris scan technology for digital verification

Malaysia adopts Worldcoin’s iris scan tech for national digital ID verification. The collaboration aims to integrate Worldcoin tech into Malaysia’s digital infrastructure. Global privacy concerns and scrutiny persist amid Worldcoin’s expansion efforts.

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Bitcoin falls under $60K as investors' global economic slowdown concerns rise

Fear of a global economic recession continues to drive investors away from risk-on assets like Bitcoin.

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Bitcoin fiat pair performance highlights economic and political challenges

Analyzing Bitcoin and fiat trading pairs on centralized exchanges often reveals performance disparities that remain invisible when focusing on global or average prices. It shows how liquidity, geopolitical and economic concerns, and market sentiment affect performance.

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German unemployment jumps 6% in June

Germany’s unemployment rate increased to 6% in June, reaching its highest level since May 2021, according to a report released by the Federal Employment Agency on Friday. This rise reflects growing concerns about the country’s economic stability amid global uncertainties.

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Tens of billions in stablecoin transactions ‘inorganic,’ Visa says

International payment giant Visa has unveiled a new study challenging the assumption that stablecoin turnover is approaching levels seen in traditional payment networks. Visa, a global payment network, has raised concerns about the reliability of stablecoin transactions, opposing the common…

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'Bitcoin to $1.5 million' price prediction can pan out this way - Exec

Cathie Wood emphasized the approval of 11 ETFs, boosting Bitcoin's mainstream acceptance. Wood foresaw Bitcoin's rising demand amid concerns of interest rates and global stability. Amidst a The post 'Bitcoin to $1.

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Another European Nation Forces WorldCoin to Halt Operations

Portugal's CNPD halts WorldCoin's biometric data collection, affecting over 300,000. Amid global privacy concerns, WorldCoin vows to address issues, reflecting a crucial moment in digital identity debates.

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Worldcoin userbase nears 4 million amid global privacy probes

Worldcoin’s adoption continues to grow despite the growing privacy concerns from several jurisdictions. According to its website, registered users on its platform have reached almost 4 million in less than a year after its launch, registering more than 600,000 accounts within the past week.

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China cautions investors against Bitcoin (BTC) despite long-standing ban

China’s state-run newspaper has issued a crucial advisory to investors, urging vigilance amidst Bitcoin’s (BTC) recent surge to a two-year peak of over $65,000. The caution comes in the backdrop of persistent regulatory concerns and a dynamic global crypto landscape.…

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Crypto Market Experiences Fastest Dip in 4 Months, Did Excessive FOMO Fuel This Pullback?

Crypto markets have undergone their fastest correction in 4 months, with total capitalization shedding nearly 5% over the past day. The decline has sparked some trader concerns amid growing fears of a global economic slowdown weighing on risky assets in 2023.

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Bitcoin In Danger: European Commission’s Methodology Threatens EU Mining Ban

The European Commission (EC) is facing criticism from the crypto community over its proposed methodology to calculate and mitigate the “environmental” impact of Bitcoin.  Daniel Batten, co-founder of CH4 Capital, has expressed concerns that the EC’s approach could lead to an EU mining ban and have far-reaching consequences for the global Bitcoin community. Batten argues that […]

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Why the SEC Is Likely to Deny BlackRock, Global X, and Others’ Spot Bitcoin ETF Proposals

The SEC recently outlined concerns over potential Bitcoin price manipulation and fraud as reasons for delaying approval of Global X’s spot BTC ETF application. According to analyst WhaleWire, this likely foreshadows rejections for other pending spot Bitcoin ETFs like BlackRock’s.

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US Urges Crypto Asset Firms To Intensify Efforts Against Illicit Financing

Amid the ongoing global crackdown on financial crimes and terrorism funding, the US government recently highlighted concerns regarding the alleged inadequate efforts of some companies operating in the crypto asset space.

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US Treasury Mandates Record-Keeping and Reporting for Crypto Mixers

The US Treasury Department advances a robust proposal targeting crypto mixers to mitigate money laundering risks. This initiative, amidst growing national security concerns, symbolizes a notable regulatory move towards shaping the global financial system.

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Sam Altman speaks on Joe Rogan’s Podcast about crypto innovation and regulation

Sam Altman, Worldcoin founder and OpenAI CEO, discusses the potential and challenges of cryptocurrencies, emphasizing the need for a global currency while addressing concerns about regulation and privacy.

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Justin Sun’s crypto initiative raises concerns for Huobi Global

Justin Sun’s stUSDT has quickly become a high-yield darling for crypto investors, amassing $1.8 billion in investments, but the project’s success brings both operational and reputational challenges for the affiliated Huobi Global exchange. In June, Justin Sun unveiled a new…

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CBDCs Will Kill Off Traditional Banks, Claims Russian Politician

Aksakov's claim that CBDCs could render traditional banks obsolete has triggered a global debate. While he sees a future without banks, skepticism and regulatory concerns abound. The post CBDCs Will Kill Off Traditional Banks, Claims Russian Politician appeared first on BeInCrypto.

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Worldcoin Plunges Over 50% Amid Global Data Privacy Concerns

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Bitcoin network reaches unprecedented 400 th/s amid global energy concerns

Quick Take The Bitcoin network has witnessed a significant milestone, with its hash rate peaking at 400 terahashes per second (th/s), a first in its history. This development is particularly noteworthy considering the ongoing energy crises in Texas and escalating electricity prices globally.

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Worldcoin's price drops sharply as concerns remain unaddressed

WLD plummeted by more than 40% since its debut last month. The global number of WLD holders plateaued, with only 900 addresses added since the beginning of August. Blockchain project WorldcoThe post Worldcoin's price drops sharply as concerns remain unaddressed appeared first on AMBCrypto.

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Genesis Chapter 11 Bankruptcy Set To Be Resolved Soon, DCG Says

Genesis Global Holdco, the parent company of cryptocurrency lender Genesis Global Capital, filed for Chapter 11 bankruptcy protection on January 20.   The move came after Genesis Global Capital halted customer repayments on November 16, raising concerns about the potential failure of other firms.

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Ethereum's switch to PoS addresses CO2 concerns, but Bitcoin...

Ethereum's annual carbon footprint was significantly cut since The Merge. Bitcoin's estimated annual emissions contributed just 0.15% to the global tally.  Ethereum's [ETH] annual electriciThe post Ethereum's switch to PoS addresses CO2 concerns, but Bitcoin... appeared first on AMBCrypto.

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Backlash Grows as UK’s Digital Pound Sparks Public Outcry

UK’s Hesitation with Central Bank Digital Currency Sparks Concerns Amid Global Decline in Physical Currency Usage The government of the United Kingdom, known for its civil and democratic society, has sought public consultation before moving forward with the development of a digital version of the British pound.

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EthCC and Crypto's Latent Biases

A major Ethereum conference set for Paris is not drawing the same criticisms and concerns around last year's DevCon in Bogota, Colombia. If the industry wants to grow, it must take a truly global perspective.

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