IMF working paper proposes country-level assessment matrix for crypto risks
    03 Oct 2023
    3,941 Views

    The matrix aims to identify potential risks associated with the crypto space and policy responses for regulators. A working paper published by the International Monetary Fund (IMF) proposed a count vulnerabilities and potential policy responses for the crypto sector. On Sept. 29, the IMF published a working paper titled “Assessing Macrofinancial Risks from Crypto Assets.” Within the paper,…

    Class-action suit filed against Binance for alleged harm to FTX before its collapse
    03 Oct 2023
    146 Views

    A California resident is suing Binance and its CEO for tweets last November that, according to allegations, led to the collapse of the rival exchange. A class-action suit was filed against Binance.US and Binance CEO Changpeng Zhao on Oct. 2 in the District Court of Northern California alleging various violations of federal and California law on unfair…

    Ethereum futures ETFs garner lukewarm reception on first day of trading
    03 Oct 2023
    158 Views

    Day one trading volume across all nine products stood at less than $2 million. The rush of excitement that accompanied the launch of nine new Ethereum futures exchange-traded funds (ETFs) appears to have yielded little in the way of investment dollars in comparison. On Oct. 2, nine new ETF products, which are designed to track…

    Tokenization is “securitization done on steroids” — Franklin Templeton CEO
    02 Oct 2023
    182 Views

    Speaking at CNBC’s Delivering Alpha event, Jenny Johnson discussed how digital assets are disrupting securitization and the financial markets. Securitization, a practice with over 50 years of history, is undergoing a dramatic transformation, believes Jenny Johnson, CEO of Franklin Templeton, one of the world’s largest asset managers. During CNBC’s Delivering Alpha event, Johnson noted that tokenization —…

    Crypto synthetic assets, explained
    02 Oct 2023
    182 Views

    What are crypto synthetic assets? Blockchain-based financial instruments called crypto synthetic assets imitate the value and behavior of actual assets or financial instruments. Crypto synthetic assets, also known as “synthetic assets,” are a class of digital financial instruments created to mimic the value and performance of actual financial assets or assets from the real world, such as…

    September becomes the biggest month for crypto exploits in 2023: CertiK
    02 Oct 2023
    165 Views

    The Mixin Network cross-chain protocol accounted for almost two-thirds of the crypto exploit losses in September. September has officially become the worst month in 2023 (so far) for crypto-related exploits — with a whopping $329.8 million in crypto stolen. On Oct. 2, blockchain security firm CertiK said the most significant contributor to the month’s totals…