risk management

Paribus. The Fragility of Finance.

Despite a lot of turbulence in the markets this week the Federal Open Market Committee (FOMC) did exactly what was predicted. Jerome Powell carefully adjusted his language and reframed the narrative around his 25 basis point rate hike to try and calm the markets he had helped to damage. His forward guidance was only to expect further rate increases if inflation spirals out of control. He avoided taking any responsibility for the recent bank failures, claiming instead that the sector was stable and robust. In reality, the global financial system

Don’t Fear the FUD

Over the past week, the crypto market has taken a hit due to the usual Fear, Uncertainty, and Doubt (FUD) surrounding the potential for interest rate hikes and future regulations. It’s easy to get sucked into the panic and feel that crypto is being unfairly targeted. FUD is part and parcel of the crypto space and there are always plenty of narratives that accompany its volatility. In 2021 the favorite topic was China’s negative approach to crypto. Fast forward to today and Bitcoin miners are back operating in China and

UniLend lists on AscendEX

AscendEX is excited to announce the UniLend token (UFT) listing under the trading pair UFT/USDT on Oct. 18 at 1 p.m. UTC. UniLend is a comprehensive permissionless DeFi protocol that combines both spot trading services and lending and borrowing functionality within the same platform. The interest rates and collateralization ratio are based on supply, demand, and community governance, whereas borrowing limits are decided by liquidity in the trading pairs. Unlike other DeFi protocols, which only support a limited number of assets, UniLend allows for any asset to list on its

Phemex: Trade simply and manage risks efficiently

The Phemex exchange was founded in 2019 by a group of experienced Wall Street executives who wanted to build a professional and transparent crypto trading platform with a customer-centric approach. Phemex empowers its users to access the right set of tools in order to manage risks associated with trading crypto. The Phemex Story The team chose the name Phemex in order to highlight their dedication to building a trustworthy trading platform. Pheme is the Greek god of fame which represents the public voice, while MEX stands for mercantile exchange. Together,

Join Third Annual Edition of Finnovex Middle East Summit: Hybrid Experience

Exibex welcomes you to Finnovex Middle East, the Leading Summit on Financial Services Innovation and Excellence where the best minds in the Banking and Financial Services Industry converge. Sponsored Sponsored They are all set to witness the presence of 30+ industry visionaries, who would share case studies for you to learn from and exemplify exceptional organizational friction points, innovations, and accomplishments. Here is the Sponsors Roll-Call for this year’s edition:Sponsored Sponsored Powered By – RAKBANK Officially Supported By – Dubai International Financial Center (DIFC) Platinum Sponsor – SmartStream Gold Sponsors

Singapore Regulator Allows Crypto Exchange to Offer Digital Payment Token Services

Singapore has taken another step towards securing its position as the region’s fintech hub with the in-principal regulatory approval of digital token payment services for a crypto exchange.Sponsored Sponsored The Monetary Authority of Singapore (MAS) has granted an “in-principle approval” to cryptocurrency exchange Independent Reserve allowing it to operate as a regulated provider for digital payment token services. Singaporean financial regulators classify digital payment tokens as any “cryptographically-secured digital representation of value that is used or intended to be used as a medium of exchange.”Sponsored Sponsored According to Bloomberg, it

Flare Network Review: Smart Contract Network For XRP

As the third largest cryptocurrency most people familiar with the space have heard about Ripple and they understand that it is a global payment and foreign exchange network that was designed to replace the outdated SWIFT banking network. And while it works great for that specific use case, otherwise it has shown limited usefulness in other functions.That might all be fixed however as the Flare Network has been created with the goal of improving the utility of XRP tokens by creating a network with smart contract capability for the XRP

Slow But Steady: FATF Review Highlights Crypto Exchanges’ Struggle to Meet AML Standards

In June 2019, the intergovernmental Financial Action Task Force (FATF) introduced its revised set of standards for virtual asset service providers. The document establishes the anti-money laundering and counter-terrorism (AML/CFT) requirements that regulated VASPs —  the term mainly referring to cryptocurrency trading platforms — must eventually implement in their day-to-day operations. The guidelines are framed as recommendations, and the FATF leaves it to the participating nations’ governments to develop their own regulations in accordance with suggested principles.The watchdog has also set a 12-month review timeframe to monitor the public and

The crypto lending industry — a ticking time bomb, rather than a shortcut to mainstream adoption

In his book “Extraordinary Popular Delusions and the Madness of Crowds”, Charles Mackay says that men think in herds and go mad in herds, while they only recover their senses slowly, and one by one. That was written in 1841. Today, it is even more relevant.The most illustrious collective obsession in the past decade is cryptocurrencies. For the last couple of years, we witnessed industry-specific shocks with varying implications, be it exchange hacks, scam schemes, or else. Although covered in controversies, in the long-term, the rise of cryptocurrencies should be