risk management – Ƀitsell X

Bitcoin Emerges as a ‘Unique Diversifier,’ Says Blackrock’s Latest Report

September 18, 2024

In a recent report, Blackrock, the largest digital asset manager, explores bitcoin’s role as a unique investment diversifier, highlighting its distinct risk and return factors compared to traditional assets. The financial institution’s report also discusses bitcoin’s growing appeal among institutional investors. Blackrock Report Sees Bitcoin as a Key Asset for Long-Term Portfolio Diversification Blackrock, the…
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Onedegree, Dubai Insurance Launch Digital Asset Custodial Insurance for UAE Clients

September 14, 2024

Onedegree, an Asian digital assets insurer, and its UAE partner, Dubai Insurance, have started offering digital asset custodial risk insurance to clients in the UAE. This new product, approved by the Central Bank of UAE, expands both companies’ product portfolio and offers a comprehensive solution to UAE digital asset companies. The launch of this insurance…
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Chaos Labs Secures $55M Series A Funding to Bolster Defi Risk Management Solutions

August 16, 2024

Chaos Labs has raised $55 million in a Series A funding round, led by Haun Ventures, to advance its onchain risk management platform for decentralized finance (defi). The company plans to use the funds to further enhance its technology, which automates real-time protocol parameter recommendations to improve the security and efficiency of defi protocols. Chaos…
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Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies

July 10, 2024

The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies identified in a 2020 order. Citigroup Faces $60.6 Million Fine from Federal Reserve for Risk Management Shortcomings In a recent examination, the…
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Bank of Canada Governor Warns of ‘Sharp Correction’ Risks in Markets and ‘System-Wide Stress’

May 12, 2024

In his speech on the release of the Financial Stability Report, Tiff Macklem, Governor of the Bank of Canada, sought to emphasize the purported strength of Canada’s financial system while cautioning against ongoing risks that could precipitate a “sharp correction” in markets, potentially leading to widespread financial strain. “Some indicators of financial stress have risen,”…
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The Alameda gap and crypto liquidity crisis explained

November 7, 2023

The November 2022 Alameda gap exposed vulnerabilities in the crypto market, shedding light on FTX and Alameda Research’s fraud. FTX collapse: Unraveling the cryptocurrency crisis of November 2022 In November 2022, the cryptocurrency world was rocked by the collapse of FTX, one of the largest cryptocurrency exchanges. The collapse was triggered by a liquidity crisis…
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Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments

August 12, 2023

Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and government money market fund services, with bitcoin custody pending launch. The launch comes after overcoming regulatory pressures and…
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Spot Bitcoin ETF Applications Face More Delays

August 11, 2023

The U.S. Securities and Exchange Commission (SEC) on Friday asked for additional public feedback on a proposal to list a spot bitcoin exchange-traded fund (ETF), likely delaying any decision on the high-profile applications. SEC Seeks Public Opinion on Spot Bitcoin ETF The SEC put out a 34-page request for comment on the Ark Invest and…
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US Fed steps up oversight of banks’ involvement with crypto firms

August 9, 2023

The limitations set out in the Federal Reserve’s new Program provides additional measures to its original policy statement laid out in January. The United States Federal Reserve is broadening the scope of its supervision program which oversees U.S. banks that engage with the cryptocurrency and blockchain industry. An Aug. 8 announcement by the Federal Reserve…
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Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities

July 28, 2023

According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory compliance. The top five South Korean cryptocurrency exchanges including Upbit, Bithumb, Coinone, Korbit, and Gopax have created compliance systems to monitor illegal…
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Category: risk management