Risks
Bitcoin Could Surge to $160K on Halving, Spot ETF Hype in 2024, But Risks Remain
“We argue that bitcoin and crypto markets could have a positive year in 2024 mostly amid the effects from: 1. The market valuation cycle, 2. Network activity, 3. The bitcoin halving, 4. The macroeconomic perspective, 5. Bitcoin spot ETF approval and 6. Growing stablecoin liquidity,” analysts at CryptoQuant said. Source link
Financial Stability Oversight Council Reiterates Call for Legislation to Address Crypto Risks
FSOC, a financial stability watchdog composed of the heads of most major U.S. financial regulators, published its annual report after one of the group’s meetings, taking a look at the past year in climate, banking, cybersecurity, artificial intelligence and other issues. As it has in years past, crypto received a section. Source link
Growth of Asset Tokenization on Blockchains Could Lead to Greater Risks to Financial Stability: Bank of England
That increasing size could pose risks for the wider financial environment, the bank said. The boom could “increase the interconnectedness of markets for crypto assets and traditional financial assets (since they are represented on the same ledger); and create direct exposures for systemic institutions,” the report said. Source link