Risk Management

According to reports, the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) said that enterprises have been told that they need to conduct careful risk assessment, but the latest statement is not in the process of formulating new policies. The new announcement released on Thursday aims to “remind banking organizations to apply the existing risk management principles when it comes to activities related to cryptocurrencies”. Banks should consider the “concentration and correlation” of the entire deposit and the potential liquidity…

It is reported that the Board of Governors of the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) issued a statement reminding banks to apply existing risk management principles when dealing with liquidity risks related to cryptocurrencies. Interpretation of this information: The recent statement by the Board of Governors of the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) serves as a timely reminder for banks to adhere to risk…

According to the news on February 24, Mike van Rossum, founder of the cryptocurrency market maker Folkvang, said in response to “the current situation of the company after the collapse of FTX”: “Our equity has been halved, so we have lost a lot of earnings in 2021. This is the risk, and we are glad that we can continue to operate.” Rossum disclosed that half of the company’s equity is linked to FTX, He said: “We can survive, but because we are very active borrowers, we have to pay back…

According to the report, the market shows that BTC has fallen below 24000 US dollars and is now at 23999.5 US dollars. The intra-day decline has reached 3.53%. The market fluctuates greatly. Please do a good job in risk control. Interpretation of this information: The report suggests that the cryptocurrency market is currently experiencing a significant decline, as BTC has fallen below the $24,000 mark and is now valued at $23,999.5. This marks a 3.53% drop in value within a single day, indicating high market volatility. Thus, the counterparty should…

It is reported that the market shows that FIL has broken through US $8 and is now reported at US $8.01, with a daily increase of 2.56%. The market fluctuates greatly. Please do a good job in risk control. Previously, Filecoin released three major project updates in 2023 (FVM, data computing and retrieval market) Interpretation of this information: The message reports that FIL, the digital currency for the decentralized storage system Filecoin, has broken through the US $8 mark and is now traded at US $8.01. This represents a daily…

It is reported that Blockchain.com has been trying to sell assets to fill its exposure to Three Arrows Capital (3AC) of US $270 million. The spokesman said that its venture capital department BlockchainVentures recently sold 80% of the shares of PolySign. Blockchain.com participated in the US $53 million round B financing of this infrastructure start-up in 2021. According to the source, the company is still actively seeking to raise more funds, even if the valuation is significantly reduced, and hopes to provide debt warrants. Interpretation of this information: The news…