Crypto News– The founder of 10x Research has made a significant statement regarding the current state of risk assets, suggesting that they might be approaching a tipping point. Expressing a notably bearish outlook, he announced the decision to liquidate all tech stocks held by his company.
16 April Crypto News- What Happened Crypto Markets Today
This move signals a shift in sentiment within the investment community and raises concerns about the future trajectory of technology-oriented investments.
Equities and Cryptocurrencies Teetering on Brink of Substantial Correction
Markus Thielen, the founder of 10x Research, suggests that both the stock and cryptocurrency markets may be on the verge of a significant price correction. In a recent statement, he stated, “We liquidated all our holdings last night.” Thielen attributes his bearish outlook to several factors, including persistent inflation, decreasing rate cuts, and a rising bond yield.
Highlighting the primary trigger for his concerns, Thielen emphasizes the unexpected and ongoing inflationary pressures. He points out that with the bond market now anticipating fewer interest rate cuts and 10-year Treasury Yields exceeding 4.50%, there’s a possibility that we’ve reached a critical turning point for risk assets. Thielen’s remarks, outlined in an April 16 research note, underscore the growing apprehension surrounding the stability of both traditional and digital financial markets.
Trust Wallet Urges Users to Deactivate iMessage Due to Zero-Day Exploit Threat
Trust Wallet, a cryptocurrency wallet provider, has advised Apple users to disable iMessage due to concerns about a zero-day exploit. The company stated that it possesses credible intel indicating the existence of this exploit, which could potentially enable malicious actors to gain control of iPhones.
According to Trust Wallet, crypto wallets installed on iPhones with iMessage activated are particularly vulnerable to this exploit. They caution that the exploit has the capability to infiltrate and seize control of the device without requiring any action from the user.
Eowyn Chen, the CEO of Trust Wallet, shared a screenshot revealing an onion link that purportedly offers the iMessage exploit for sale. The asking price for this exploit is reported to be $2 million.
Kaspersky’s security researchers highlighted that Apple issued emergency security updates on March 26 to address two zero-day vulnerabilities in iOS. These vulnerabilities had been exploited in attacks targeting iPhones the previous month. Additionally, they noted that iMessage has been utilized as an attack vector by hackers in previous incidents.
Fijian Regulatory Body Issues Warning Regarding Cryptocurrency Investments
The Reserve Bank of Fiji (RBF), the central bank of the Pacific Island nation, has cautioned against the use of cryptocurrency for payments or investments. This advisory seems to contradict the stance previously expressed by the prime minister regarding digital assets.
In a statement, the RBF warned that Fijians could potentially face criminal charges for investing in cryptocurrency abroad using funds held within the country. The central bank’s stern position seems to be influenced by the increasing prevalence of cryptocurrency advertisements in Fiji.
he Governor of the RBF, Mr Ariff Ali acknowledges that there are indications of persons or entities promoting cryptocurrency investment schemes in Fiji. These investment schemes are increasingly being promoted through various platforms including social media.
As of now, there are no individuals or organizations licensed to offer cryptocurrency investments within the country. Nonetheless, anticipation for cryptocurrency adoption surged in December 2022 when Sitiveni Rabuka, perceived as supportive of Bitcoin, assumed office as Fiji’s prime minister.
The Reserve Bank of Fiji’s comprehensive prohibition appears to coincide with the International Monetary Fund’s (IMF) counsel on cryptocurrencies. In February, the IMF cautioned Pacific Island nations, stating that cryptocurrencies are inadequate substitutes for traditional means of payment and pose supplementary macroeconomic risks.
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