Crypto Founder Warns: Skipping XRP Could Be The Real Risk
A new round of debate is gaining traction throughout the crypto universe, driven by the argument that not going into crypto at all could be the actual gamble investors are making. Dom Kwok, EasyA co-founder, made the argument earlier this week by stating that crypto isn’t the gambit people are making it out to be. […]
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The central bank warned citizens and residents that they use cryptocurrencies at their own risk.
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Some high-profile investors have taken the recent market downturn as an opportunity to add to their crypto positions, though others warn there’s still a risk of worse to come. Some of the highest-profile investors in crypto believe that a crypto market bottom is fast approaching and the timing is right to buy — although one still warns of catastrophic outcomes should prices fall below established support levels. Billionaire Mike Novogratz, the founder, chairman and CEO of digital asset merchant bank Galaxy Digital Holdings told a Morgan Stanley conference on June 13 that cryptocurrencies....
The Financial Conduct Authority has warned U.K. consumers of dealing with 111 unregistered crypto firms, calling it “a very real risk.” The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA) has warned consumers against 111 crypto companies that are yet to register with the FCA.Since Jan. 10, all U.K.-based crypto firms have had to comply with Anti-Money Laundering and Counter-Terrorist Financing laws, as well as to register with the FCA in order to operate legally. Many are yet to do so.Mark Steward, FCA’s head of enforcement asserted at the “City & Financial’s....