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Cryptocurrencies Like Bitcoin, Ether Should Be Regulated as Gambling, UK Lawmakers Say Citing Risks

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[ad_1] Bitcoin, ether and other cryptocurrencies should be regulated as gambling given they are potentially used by fraudsters and pose significant risks to consumers, a panel of UK lawmakers said in a report on Wednesday. Britain is planning its first rules for cryptoassets, which currently only comply with anti-money laundering safeguards. Bitcoin and ether account … Read more

Large Withdrawals by Crypto Whales Responsible for US Banking Crisis: Federal Reserve Bank of Chicago

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[ad_1] The back-to-back downfalls of promising crypto projects last year has been blamed for causing the ongoing banking crisis in the US by the Federal Reserve Bank of Chicago (FRBC). In a fresh analysis, the FRBC has said large withdrawals by institutional crypto investors stirred a liquidity crisis so severe that it left the traditional … Read more