{"id":297503,"date":"2018-10-11T12:42:42","date_gmt":"2018-10-11T16:42:42","guid":{"rendered":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/uncategorized\/reports-crypto-is-a-threat-to-your-savings-account-but-not-world-markets.php"},"modified":"2018-10-11T12:42:42","modified_gmt":"2018-10-11T16:42:42","slug":"reports-crypto-is-a-threat-to-your-savings-account-but-not-world-markets","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/futurism\/reports-crypto-is-a-threat-to-your-savings-account-but-not-world-markets.php","title":{"rendered":"Reports: Crypto Is a Threat to Your Savings Account, But Not World Markets"},"content":{"rendered":"<p><\/p><h2>Tales From the Crypto<\/h2><p>Wondering if you should invest in bitcoin or ether? Or worried that&nbsp;under-regulated cryptocurrencies could&nbsp;destroy the world economy?<\/p><p>This week, two separate groups released new cryptocurrency reports. Depending on how you feel about blockchain tech, they&rsquo;ll&nbsp;either put your mind at ease&nbsp;&mdash; or leave you regretting that decision to convert your entire savings account to Dogecoin.<\/p><h2>Good News \/ Bad News<\/h2><p>On Wednesday, the Financial Stability Board, an international body dedicated to analyzing global financial systems, published&nbsp;a 17-page <a href=\"http:\/\/www.fsb.org\/2018\/10\/crypto-asset-markets-potential-channels-for-future-financial-stability-implications\/\" target=\"_blank\" rel=\"noopener\">report<\/a> about the world&nbsp;cryptocurrency market.<\/p><p>The tl;dr: Crypto isn&rsquo;t going to throw the world economy into chaos<strong>, <\/strong>mainly because the market simply isn&rsquo;t large enough yet.&nbsp;But insufficient regulations, a lack of liquidity, and fragmented markets&nbsp;mean that&nbsp;investing&nbsp;is a seriously risky move on a personal level.<\/p><p>The same day, U.S.-based cyber security firm&nbsp;CipherTrace&nbsp;drove the latter conclusion home with&nbsp;<a href=\"https:\/\/mobile.reuters.com\/article\/amp\/idUSKCN1MK1J2\" target=\"_blank\" rel=\"noopener\">a second report<\/a>, which found that&nbsp;crypto investors have already lost nearly $1 billion to theft in 2018. That&rsquo;s a&nbsp;250 percent increase over 2017&rsquo;s figure, and the year isn&rsquo;t even over.<\/p><h2>HODL<\/h2><p>Taken together, these reports seem to confirm what all but the most ardent crypto supporters probably already knew: Yes, cryptocurrencies boast a number of benefits over traditional assets, but until the space is properly regulated on a global level, experts suggest you <a href=\"https:\/\/futurism.com\/the-byte\/crypto-exchanges-sketchy\" target=\"_blank\" rel=\"noopener\">invest in crypto at your own risk<\/a>.<\/p><p><strong>READ MORE:<\/strong>&nbsp;<a href=\"https:\/\/www.reuters.com\/article\/us-g20-cryptocurrencies-regulations\/global-regulators-say-crypto-currencies-need-vigilant-monitoring-idUSKCN1MK1FX?feedType=RSS&amp;feedName=technologyNews\" target=\"_blank\" rel=\"noopener\">Global Regulators Say Crypto Currencies Need Vigilant Monitoring<\/a> [<em>Reuters<\/em>]<\/p><p><em><strong>More on cryptocurrencies: <a href=\"https:\/\/futurism.com\/the-byte\/crypto-exchanges-sketchy\" target=\"_blank\" rel=\"noopener\">Ten Crypto Exchanges Told Us How They Work. Looks Like They&rsquo;re at Least as Sketchy as We Thought.<\/a><\/strong><\/em><\/p><p><em><span>Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in a number of cryptocurrency markets. Their personal investment perspectives have no impact on editorial content.<\/span><\/em><\/p><p><img decoding=\"async\" src=\"https:\/\/wp-assets.futurism.com\/2018\/10\/cryptocurrency-reports-global-economy-1200x630.png\" style=\"padding-left:10px; padding-right: 10px;\"><\/p><p>Here is the original post:<br><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/futurism.com\/crypto-savings-account-world-markets\" title=\"Reports: Crypto Is a Threat to Your Savings Account, But Not World Markets\">Reports: Crypto Is a Threat to Your Savings Account, But Not World Markets<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p> Tales From the Crypto Wondering if you should invest in bitcoin or ether? Or worried that\u00a0under-regulated cryptocurrencies could\u00a0destroy the world economy?  <a href=\"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/futurism\/reports-crypto-is-a-threat-to-your-savings-account-but-not-world-markets.php\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[11],"tags":[],"class_list":["post-297503","post","type-post","status-publish","format-standard","hentry","category-futurism"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/297503"}],"collection":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/comments?post=297503"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/297503\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/media?parent=297503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/categories?post=297503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/tags?post=297503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}