Fed study finds crypto investors driven by beliefs, easily swayed by returns

A Federal Reserve Bank of Cleveland study finds crypto investors hold sharply different views on returns and risk, while information about Bitcoin’s past gains can increase both desired allocations and actual crypto purchases. A new Federal Reserve Bank of Cleveland working paper offers a provocative explanation for why cryptocurrency behaves so differently from traditional financial…

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MANTRA token sinks 18% to record low amid blockchain halt

The token recovered to about $0.0044 after setting a new low, while exchanges paused deposits and withdrawals from the halted MANTRA Chain. MANTRA’s native token sank 18.5% from its 24-hour high to a record low shortly before MANTRA Chain stopped producing blocks and its team announced a precautionary halt over an unexplained incident. According to…

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South Korean lawmakers seek expanded FIU powers over unregistered crypto firms

The proposal would let the FIU investigate suspected violations and refer unregistered crypto operators directly to law enforcement. A group of South Korean lawmakers has introduced a bill to amend an existing financial law and expand the Financial Intelligence Unit’s (FIU) authority to investigate unregistered crypto businesses. On Thursday, People Power Party lawmaker Eom Tae-young…

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South Korean lawmakers seek expanded FIU powers over unregistered crypto firms

The proposal would let the FIU investigate suspected violations and refer unregistered crypto operators directly to law enforcement. A group of South Korean lawmakers has introduced a bill to amend an existing financial law and expand the Financial Intelligence Unit’s (FIU) authority to investigate unregistered crypto businesses. On Thursday, People Power Party lawmaker Eom Tae-young…

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