The risks of investing in the digital currency industry remain high as Fed continues to tighten its policies to counter inflation, while fear spreads among potential investors caused by manipulative platforms.
South Korea's regulatory board is eyeing sanctions against financial institutions linked to illicit forex transactions to safeguard its digital assets market following intense scrutiny among banks.
Investigators from the Seoul Southern District Prosecutors Office searched the offices of several digital assets exchanges to seize records and other materials related to the Terra collapse, according to reports.
The Bank of Russia says that stablecoins are risky because the underlying pool of assets doesn’t belong to the user, and there’s no guarantee of redemption.
The Financial Stability Board has stayed away from the industry but says the recent Terra debacle has made it rethink its stand as it called for strict oversight over Bitcoin.
South Korea has agreed with the United States to share digital asset crime investigation data and make joint efforts to investigate entities and persons connected to the collapsed Terra blockchain.
Looking around now at the constant stream of insolvencies cropping up in the industry, it is clear that we are facing a contagion story that is almost as big as the mortgage crisis of 2008.
In a recent interview with eCarbon CEO Joshua Fernando, we discussed the what, when, and hows of the digital currency crash and when will the 'crypto' winter end.
Digital asset hedge fund Three Arrows Capital, which had been around since 2012, now appears to be dragging other industry names into its whirlpool.
The best way to prepare for the further decline in the digital asset markets is to manage risk. Selling is good too, especially if you know that you can buy back at a lower price in the future.
Joshua Henslee released a video explaining how he sees wider systemic risk in the digital currency sector and how this might be the moment when the house of cards finally comes down.
If you bought BTC on January 1, 2022, you would be down roughly 60% on your initial investment, while if you bought BSV, you would be down approximately 50% on your initial investment.
