-
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SOL 143.95 (-1.70%) -
WIF 2.86 (-4.82%) -
DOGE 0.15 (-2.39%) -
BOME 0.01 (-4.70%) -
FLOKI <0.01 (+4.98%) -
WLD 4.92 (-7.51%) -
RNDR 10.09 (-8.66%) -
XRP 0.50 (-0.93%) -
ENA 0.71 (-7.56%) -
BONK <0.01 (+1.67%) -
RUNE 5.59 (-2.27%) -
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PEOPLE 0.04 (+15.44%) -
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1000SATS <0.01 (+3.74%) -
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AR 40.25 (+4.13%)
RBI lists risks of stablecoins for developing economies calls for global regulation
Published: 2023-06-29
1. Risks of Stablecoin for Developing Economies: The article discusses the Reserve Bank of India (RBI) highlighting the risks posed by stablecoins to developing economies. The RBI emphasizes the importance of global regulation to address these risks. Stablecoins,which are cryptocurrency tokens pegged to a stable asset like a fiat currency,have gained popularity in recent years. However,the RBI raises concerns about their potential impact on foreign exchange rates,monetary policy,and financial stability in developing economies. The RBI calls for international cooperation and consistent regulatory frameworks to mitigate these risks and ensure the proper functioning of stablecoins.
2. Need for Global Regulation: The article highlights the RBI's call for global regulation of stablecoins. The RBI emphasizes that as stablecoins can potentially act as a medium of exchange or store of value,they need to be regulated in a manner consistent with existing financial regulations. The lack of proper oversight and regulation can lead to undesirable outcomes for global financial systems and pose risks to developing economies. The RBI stresses that international cooperation is crucial to establish a clear regulatory framework that addresses the potential challenges and risks associated with stablecoins.
3. Impact on Monetary Policy and Financial Stability: The article discusses how stablecoins can impact monetary policy and financial stability in developing economies. As stablecoins can provide an alternative form of payment and store of value,their widespread adoption can potentially disrupt traditional monetary systems and central bank control over money supply. Additionally,the sudden decline or withdrawal of stablecoin investments can lead to substantial volatility in financial markets,posing risks to financial stability. The RBI emphasizes the need to understand and manage these potential risks through appropriate regulatory measures,international cooperation,and proactive monitoring of stablecoin activities. (Note: The topic numbers help maintain the coherence of the analysis. You can adjust the word count for each topic accordingly.)
Reference: cointelegraph.com
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | BTC |
61,899.96 | 1,677,177,638.15 |
| 2 | ARS |
1,088.20 | 1,605,561,916.80 |
| 3 | PEPE |
<0.01 | 1,064,862,599.33 |
| 4 | ETH |
2,898.24 | 766,504,596.20 |
| 5 | SOL |
143.95 | 476,472,285.67 |
| 6 | WIF |
2.86 | 281,305,587.36 |
| 7 | DOGE |
0.15 | 266,203,634.60 |
| 8 | BOME |
0.01 | 208,664,020.87 |
| 9 | FLOKI |
<0.01 | 206,132,850.13 |
| 10 | WLD |
4.92 | 186,082,314.42 |
| 11 | RNDR |
10.09 | 160,647,756.20 |
| 12 | XRP |
0.50 | 157,078,200.87 |
| 13 | ENA |
0.71 | 120,302,489.70 |
| 14 | BONK |
<0.01 | 92,818,185.64 |
| 15 | RUNE |
5.59 | 90,921,299.17 |
| 16 | NEAR |
7.02 | 89,714,580.17 |
| 17 | PEOPLE |
0.04 | 75,737,931.62 |
| 18 | ORDI |
36.69 | 56,925,688.20 |
| 19 | AVAX |
32.38 | 54,214,298.95 |
| 20 | ICP |
12.07 | 49,697,162.23 |
| 21 | 1000SATS |
<0.01 | 43,805,043.40 |
| 22 | MATIC |
0.65 | 39,064,722.80 |
| 23 | LTC |
78.82 | 38,704,301.74 |
| 24 | SUI |
0.92 | 38,167,855.94 |
| 25 | ARKM |
2.25 | 35,155,279.91 |
| 26 | LINK |
12.94 | 32,924,275.80 |
| 27 | AR |
40.25 | 32,272,616.14 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 |  KP3R |
83.39 | +23.14 |
| 2 | PEOPLE |
0.04 | +15.44 |
| 3 | PEPE |
<0.01 | +10.89 |
| 4 |  VIC |
0.44 | +9.77 |
| 5 |  BNX |
0.96 | +8.43 |
| 6 |  ORN |
1.39 | +6.07 |
| 7 | FLOKI |
<0.01 | +4.98 |
| 8 |  QI |
0.02 | +4.66 |
| 9 |  FOR |
0.02 | +4.38 |
| 10 | W | 0.54 | +4.23 |
| 11 |  ENJ |
0.29 | +4.16 |
| 12 | AR |
40.25 | +4.13 |
| 13 | 1000SATS |
<0.01 | +3.74 |
| 14 |  WAVES |
2.35 | +3.44 |
| 15 |  AUCTION |
14.81 | +3.35 |
| 16 |  CYBER |
7.71 | +2.98 |
| 17 |  AXL |
0.97 | +2.45 |
| 18 |  MLN |
20.22 | +2.17 |
| 19 |  ILV |
80.02 | +1.90 |
| 20 |  PENDLE |
4.02 | +1.85 |
| 21 | BONK |
<0.01 | +1.67 |
| 22 |  CTK |
0.64 | +1.67 |
| 23 | ICP |
12.07 | +1.44 |
| 24 |  OGN |
0.13 | +1.34 |
| 25 |  FIRO |
1.57 | +1.16 |
| 26 |  PYTH |
0.42 | +1.13 |
| 27 |  MTL |
1.74 | +1.11 |
| 28 |  ZEC |
22.38 | +1.04 |
| 29 |  LRC |
0.24 | +1.03 |
| 30 |  SYN |
0.76 | +0.92 |
The price of coins is falling rapidly.
(Update every 1 minute)
| at | from | is ($US) | reduce (%) |
|---|---|---|---|
| 1 |  ERN |
4.01 | -8.76 |
| 2 | RNDR |
10.09 | -8.66 |
| 3 | ENA |
0.71 | -7.56 |
| 4 | WLD |
4.92 | -7.51 |
| 5 |  ELF |
0.50 | -6.84 |
| 6 |  POLYX |
0.36 | -6.59 |
| 7 |  ARK |
0.79 | -6.51 |
| 8 |  POND |
0.02 | -6.42 |
| 9 |  ARPA |
0.07 | -5.97 |
| 10 |  NTRN |
0.62 | -5.75 |
| 11 |  OG |
4.15 | -5.42 |
| 12 |  USTC |
0.02 | -5.36 |
| 13 |  TIA |
8.33 | -5.23 |
| 14 |  UMA |
3.69 | -5.21 |
| 15 |  MBOX |
0.32 | -5.18 |
| 16 |  IMX |
2.03 | -5.15 |
| 17 | ARKM |
2.25 | -5.13 |
| 18 |  MAV |
0.34 | -5.12 |
| 19 |  NULS |
0.57 | -5.02 |
| 20 |  ALPACA |
0.16 | -4.99 |
| 21 |  LEVER |
<0.01 | -4.97 |
| 22 |  JOE |
0.43 | -4.89 |
| 23 |  RAY |
1.50 | -4.83 |
| 24 | WIF |
2.86 | -4.82 |
| 25 | BOME |
0.01 | -4.70 |
| 26 |  RARE |
0.12 | -4.62 |
| 27 |  FORTH |
3.84 | -4.58 |
| 28 |  CITY |
3.20 | -4.57 |
| 29 |  QKC |
0.01 | -4.49 |
| 30 |  NMR |
24.62 | -4.46 |
Bitcoin's Greed and Fear Index.
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US news that has a significant impact on the market
| at | news | day | date | time |
|---|---|---|---|---|
| 1 | Core CPI m/m | Wednesday | 15-05-2024 | 13:30 |
| 2 | Core Retail Sales m/m | Wednesday | 15-05-2024 | 13:30 |
| 3 | CPI m/m | Wednesday | 15-05-2024 | 13:30 |
| 4 | CPI y/y | Wednesday | 15-05-2024 | 13:30 |
| 5 | Empire State Manufacturing Index | Wednesday | 15-05-2024 | 13:30 |
| 6 | Retail Sales m/m | Wednesday | 15-05-2024 | 13:30 |
| 7 | Business Inventories m/m | Wednesday | 15-05-2024 | 15:00 |
| 8 | NAHB Housing Market Index | Wednesday | 15-05-2024 | 15:00 |
| 9 | Mortgage Delinquencies | Wednesday | 15-05-2024 | 15:10 |
| 10 | Crude Oil Inventories | Wednesday | 15-05-2024 | 15:30 |
| 11 | FOMC Member Bowman Speaks | Wednesday | 15-05-2024 | 20:20 |
| 12 | TIC Long-Term Purchases | Wednesday | 15-05-2024 | 21:00 |
| 13 | Unemployment Claims | Thursday | 16-05-2024 | 13:30 |
| 14 | Building Permits | Thursday | 16-05-2024 | 13:30 |
| 15 | Philly Fed Manufacturing Index | Thursday | 16-05-2024 | 13:30 |
| 16 | Housing Starts | Thursday | 16-05-2024 | 13:30 |
| 17 | Import Prices m/m | Thursday | 16-05-2024 | 13:30 |
| 18 | Industrial Production m/m | Thursday | 16-05-2024 | 14:15 |
| 19 | Capacity Utilization Rate | Thursday | 16-05-2024 | 14:15 |
| 20 | FOMC Member Barr Speaks | Thursday | 16-05-2024 | 15:00 |
| 21 | Natural Gas Storage | Thursday | 16-05-2024 | 15:30 |
| 22 | FOMC Member Mester Speaks | Thursday | 16-05-2024 | 17:00 |
| 23 | FOMC Member Bostic Speaks | Thursday | 16-05-2024 | 20:50 |
| 24 | CB Leading Index m/m | Friday | 17-05-2024 | 15:00 |
| 25 | FOMC Member Waller Speaks | Friday | 17-05-2024 | 15:15 |
| 26 | FOMC Member Kugler Speaks | Saturday | 18-05-2024 | 22:45 |
