Treasury Secretary Janet Yellen Warns of Crypto Risks

Treasury Secretary Janet Yellen Warns of Crypto Risks

[ad_1] “The council is focused on digital assets and related risks such as from runs on crypto-asset platforms and stablecoins, potential vulnerabilities from crypto-asset price volatility, and the proliferation of platforms acting outside of or out of compliance with applicable laws and regulations,” she said in the testimony prepared for delivery, which was posted on … Read more

Real Reasons For Bitcoin Price Crash Revealed, Not GBTC: Arthur Hayes

Real Reasons For Bitcoin Price Crash Revealed, Not GBTC: Arthur Hayes

[ad_1] In his latest essay, Arthur Hayes, the founder of BitMEX, articulates a contrarian perspective on the recent downturn in Bitcoin’s price, refuting the mainstream narrative that attributes the decline to outflows from the Grayscale Bitcoin Trust (GBTC). Instead, Hayes points to macroeconomic maneuvers and monetary policy shifts as the real drivers behind Bitcoin’s volatility. … Read more