Blanket Crypto Bans Won’t Work, Joint IMF, FSB Paper Warns
joint policy paper on crypto published by the IMF and FSB warned jurisdictions against implementing blanket bans to mitigate risks associated with the sector, and recommended targeted restrictions and sound monetary policy instead. Global stablecoins, which are designed to hold a stable value, could become abruptly volatile and pose a greater risk to financial stability than other crypto, the paper said
Blanket Crypto Bans Won’t Work, Joint IMF, FSB Paper Warns
joint policy paper on crypto published by the IMF and FSB warned jurisdictions against implementing blanket bans to mitigate risks associated with the sector, and recommended targeted restrictions and sound monetary policy instead. Global stablecoins, which are designed to hold a stable value, could become abruptly volatile and pose a greater risk to financial stability than other crypto, the paper said
twitter origin
Twitter's origins lie in a "daylong brainstorming session" held by board members of the podcasting company Odeo. Jack Dorsey, then an undergraduate student, introduced the idea of an individual using an SMS service to communicate with a small group
twitter origin
Twitter's origins lie in a "daylong brainstorming session" held by board members of the podcasting company Odeo. Jack Dorsey, then an undergraduate student, introduced the idea of an individual using an SMS service to communicate with a small group
Crypto Airdrops
An airdrop is a promotional tactic in which people consume free coins or tokens to endorse a brand-new cryptocurrency project. They are often distributed via social media or email and can be claimed by anyone who holds the private key to a compatible wallet. Airdrops are a popular way to generate hype and interest in a new project and can also be used to distribute tokens to early adopters or loyal supporters. Airdrops are complimentary tokens that are offered to cryptocurrency owners. The pr...
Crypto Airdrops
An airdrop is a promotional tactic in which people consume free coins or tokens to endorse a brand-new cryptocurrency project. They are often distributed via social media or email and can be claimed by anyone who holds the private key to a compatible wallet. Airdrops are a popular way to generate hype and interest in a new project and can also be used to distribute tokens to early adopters or loyal supporters. Airdrops are complimentary tokens that are offered to cryptocurrency owners. The pr...
SVB failure
Global banking and financial stocks took a massive hit on Friday after US-based commercial lender SVB Financial Group was shuttered by US regulators, following an aggressive decline in its stock that led to a market loss of over $80 billion. With this, Silicon Valley Bank became the largest US bank to fail since the 2008 financial crisis and its sudden collapse stranded billions of dollars belonging to companies, investors and depositors. In just no time following the bank’s announcement that...
SVB failure
Global banking and financial stocks took a massive hit on Friday after US-based commercial lender SVB Financial Group was shuttered by US regulators, following an aggressive decline in its stock that led to a market loss of over $80 billion. With this, Silicon Valley Bank became the largest US bank to fail since the 2008 financial crisis and its sudden collapse stranded billions of dollars belonging to companies, investors and depositors. In just no time following the bank’s announcement that...
USDC issue
The major stablecoin USDC lost its peg to the US dollar on March 10. Earlier that day, the collapse of the Silicon Valley Bank sent shockwaves through the financial system, and some in crypto were concerned about possible contagion to crypto companies. In particular, it was known that some of Circle's cash reserves backing USDC were stored at SVB, but it wasn't clear quite how much. After some delay, Circle disclosed that $3.3 billion of their roughly $10 billion in cash reserves we...
USDC issue
The major stablecoin USDC lost its peg to the US dollar on March 10. Earlier that day, the collapse of the Silicon Valley Bank sent shockwaves through the financial system, and some in crypto were concerned about possible contagion to crypto companies. In particular, it was known that some of Circle's cash reserves backing USDC were stored at SVB, but it wasn't clear quite how much. After some delay, Circle disclosed that $3.3 billion of their roughly $10 billion in cash reserves we...
