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YouTube responded to the large-scale outage: We are investigating the issue, and while there is no solution yet, we will monitor it closely. We will keep you informed as soon as we have any updates.On February 18th, data from the internet monitoring website DownDetector showed that on Tuesday, local time, over 320,000 users in the United States reported experiencing issues with YouTube, owned by Alphabet (GOOG.O). As of 8:18 PM ET, a total of 321,958 users had reported problems with the social media platform. YouTube TV received 8,923 reports of problems on its website, while Google received 2,694. Google has not yet responded to these reports.February 18th - According to foreign media reports, the California Department of Motor Vehicles stated that Tesla (TSLA.O) has taken compliant steps regarding its marketing of its Autopilot features and will not face a 30-day sales ban in the state. The agency said in a statement Tuesday that Tesla has taken "corrective measures" to avoid a sales suspension. Last December, the company was given 90 days to achieve compliance after an administrative law judge ruled on allegations by state regulators that Tesla exaggerated the capabilities of its Autopilot and Full Self-Driving features in its marketing.Reserve Bank of New Zealand Governor Brehman will hold a monetary policy press conference in ten minutes.On February 18th, the Reserve Bank of New Zealand (RBNZ) kept interest rates at their lowest level in nearly three and a half years and hinted that a rate hike was likely in the near future given signs of increasing price pressures. In its post-meeting statement, the RBNZ said, "If the economy develops as expected, monetary policy is likely to remain accommodative for some time. The Committee will continue to carefully assess new data. As the pace of economic recovery accelerates and inflation continues to move toward the midpoint of the target, monetary policy will gradually return to normal." With the economy gradually recovering, but inflation remaining above the central banks target range of 1%-3%, policymakers remain cautious about when to begin phasing out monetary stimulus. This stance contrasts sharply with investor sentiment, who expect at least one rate hike in the fourth quarter; some economists even predict a tightening of monetary policy as early as September.

Indonesian Crypto Exchange Ensures Compliance With Biometric Security-Based Wallet

Cory Russell

May 11, 2022 10:37

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According to statistics site CoinMarketCap, crypto assets have lost about $800 billion in market value in the last month, reaching a low of $1.4 trillion on Tuesday, as the end of free monetary policy dampens desire for risk assets.


According to statistics site CoinMarketCap, crypto assets have lost about $800 billion in market value in the last month, reaching a low of $1.4 trillion on Tuesday, as the end of free monetary policy dampens desire for risk assets.


Bitcoin, which accounts for roughly 40% of the cryptocurrency market, fell to a 10-month low on Tuesday before rebounding to $31,450, only six days after hitting $40,000. It was down more than 54% from its all-time high of $69,000 on November 10th.


Prices of digital assets have fallen, reflecting a drop in stocks on worries of aggressive interest rate rises throughout the world to combat decades-high inflation. The Nasdaq, which is heavily weighted in technology, was down 28% from its all-time high in November 2021.


According to CoinMarketCap, the total crypto market worth was $2.2 trillion on April 2, down from an all-time high of $2.9 trillion in early November.


"Bitcoin remains closely tied to larger economic circumstances, implying that the road ahead may regrettably be bumpy, at least for the time being," stated blockchain data firm Glassnode in a note.


Investors were also alarmed by signs of weakness in stablecoins, which are normally a safer crypto currency. TerraUSD, the fourth-largest stablecoin in the world, lost a third of its value on Tuesday after losing its dollar peg.


According to a study issued on Monday by digital asset management Coinshares, despite bitcoin's price drop, funds and products related to it saw inflows of $45 million last week as investors took advantage of market weakness.


"An enormous amount of liquidity has inflated some of these cryptocurrencies," said Nordea Asset Management's senior macro analyst, Sebastien Galy. As various central banks tighten their monetary policies, he expects crypto, which is also tied to high-growth equities, will face pressure.

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