Making crypto safe for the masses

Making crypto safe for the masses

Cryptocurrency is a type of digital or virtual money that uses cryptography (advanced math and computer science techniques) to secure transactions. Unlike traditional currencies, like the dollar or euro, cryptocurrencies are decentralised, meaning they are not backed by any government or reserve. They operate on a blockchain, which is a public distributed ledger of all transactions. Although there are thousands of cryptocurrencies available, the…

Crypto and DeFi: Risk of More Inequality and Financial Chaos! The world of crypto and decentralised finance (DeFi) promises revolutionary innovations, but also brings with it the shadow of inequality and financial risk. A recent report by the Bank for International Settlements (BIS) warns that these novel systems could increase economic disparities and destabilize the global financial system. Are we prepared to face these challenges? Crypto and …

Crypto and DeFi Hit Critical Mass, BIS Sounds the Alarm - Crypto News Flash

BIS warns crypto and DeFi have reached a critical mass, posing risks to global financial stability. DeFi sees regulatory pushback and internal reforms as BIS urges compliance with risk controls. The Bank for International Settlements (BIS) has released a report that has many eyes in the financial industry looking at crypto and DeFi. The point? They say that this sector has reached a critical point. It is no longer just a young person’s toy on in…

Crypto, DeFi may widen wealth gap, destabilize finance: BIS report - Invest In Crypto News

The growing adoption of cryptocurrencies may pose risks to the traditional financial system and exacerbate wealth inequality, according to the Bank for International Settlements (BIS). In an April 15 report, the BIS warned that the number of investors and amount of capital in crypto and decentralized finance (DeFi) have “reached a critical mass,” with investor protection becoming a “significant concern for regulators.” The size of the crypto mar…