Many people are investing in digital currency as the cryptocurrency exchange market grows. This provides the opportunity for both immediate returns on investment and long-term value appreciation. Investors must, however, take precautions to protect their funds from malicious actors and unforeseen events. This blog post will review important considerations for securing your assets when trading cryptocurrencies on an exchange, such as understanding security standards and risk management. Continue reading to learn how to protect your portfolio from theft or unauthorized access. Why the Need for Increased Vigilance? Because cryptocurrency exchanges are unregulated and under-monitored, they are a prime target for cybercrime. As the number of digital asset exchanges increases, so does the potential for malicious actors to exploit them, making it critical for traders and investors to take the necessary precautions to safeguard their funds. Trading on a cryptocurrency … [Read more...] about How to Keep Your Money Safe on a Crypto Exchange
Is Coinbase Stock Still Worth A Look Following SEC Threats?
Share to Twitter Share to Linkedin Cryptocurrency broker Coinbase stock (NASDAQ NDAQ : COIN) has seen a big sell-off, declining by almost 17% over the last five trading days. The recent decline comes after the company disclosed that the U.S. Securities and Exchange Commission had sent it a Wells notice, which is typically one of the final steps before the commission formally issues charges. Although the notice itself was devoid of many specific details, Coinbase has indicated that it would likely relate to its company’s core trading operations, staking operations, institutional trading operations, and custody business. Although we don’t see a near-term impact on the company’s business, given that Coinbase could end up with potentially long-term litigation with the SEC, the company could see some valuable revenue streams diminish if the SEC were to more tightly regulate its business. The SEC has been cracking down on the crypto space for some time now, … [Read more...] about Is Coinbase Stock Still Worth A Look Following SEC Threats?
Regulators Must Take Responsibility For FTX And Sam Bankman-Fried’s Meltdown
Share to Twitter Share to Linkedin The financial world has been transfixed by the sudden implosion of FTX and Sam Bankman-Fried’s crypto empire. The unhealthy relationship between FTX and Bankman-Fried’s crypto fund Alameda Research brought us to this point. It even led John Ray III, the new FTX CEO tasked with leading the crypto exchange through bankruptcy, to declare , “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.” Strong words from the man who oversaw the Enron bankruptcy. But there were more factors at play than just the relationship between FTX and Alameda Research. Virtually overnight, SBF (as Sam Bankman-Fried is commonly known) saw a fortune in the tens of billions evaporate as countless investors — many of them regular people wooed by the overhyped promises of crypto — lost their money with little recourse to get it back. (Does he … [Read more...] about Regulators Must Take Responsibility For FTX And Sam Bankman-Fried’s Meltdown
The Happiest Place On Earth? Not For 7,000 Disney Employees As They Begin First Round Of Layoffs
Share to Twitter Share to Linkedin Key takeaways An internal memo revealed Disney’s three-stage plan for implementing 7,000-strong job cuts announced in February The layoffs are part of Disney’s $5.5 billion restructuring plan to cut costs and boost its ailing streaming services Some glimmers of hope for Disney stock investors as its parks show a strong performance Disney is in the doldrums. With a less-than-stellar earnings call last month and mass layoffs planned, CEO Bob Iger has a big job on his hands before a new chief executive is appointed in 2025. The embattled House of Mouse shared an internal memo this week detailing how the job cuts would pan out across the business, with the metaverse team being one of the first casualties. But the move and Disney’s planned $5.5 billion cost-savings plan might not be enough to sway Wall Street. While Disney’s short-term future looks bleak, it’s not necessarily out for the count. We’ve gone … [Read more...] about The Happiest Place On Earth? Not For 7,000 Disney Employees As They Begin First Round Of Layoffs
Senate Banking Hearing: Officials Blame Management At Failed Banks, Tout Regional Banks As Economic ‘Strength’
Share to Twitter Share to Linkedin Topline Top federal banking regulators took the stand Tuesday before the Senate’s banking committee, answering questions on what led to the second- and third-biggest bank failures in the nation’s history and ongoing turmoil elsewhere in the banking industry. Key Facts Michael Barr, the vice chairman of the Federal Reserve’s supervision and regulation panel who directly oversees the U.S. central bank’s regulatory policy, began to testify at about 10:25 a.m. ET. Barr characterized the recent failure of Silicon Valley Bank as a “textbook case of mismanagement” in prepared testimony previously released Monday by the Fed. Declining to attribute Silicon Valley Bank’s failure to banking regulation rolled back in 2018, Barr disclosed the Fed rated the institution a 3 on its five-point CAMEL rating system, a grade which recommended the bank re-evaluate its risk profile but fell short of determining the bank’s … [Read more...] about Senate Banking Hearing: Officials Blame Management At Failed Banks, Tout Regional Banks As Economic ‘Strength’