Crypto Long & Short: The Market Gets Smarter
This week, the cryptocurrency markets displayed a more sophisticated understanding of regulatory and technology risk.
The U.S. central bank also increased estimates of coming inflation to 3% from the 2.2% projection in March, largely due to transitory factors.
Upbit, Huobi and Coinbit are among the cryptocurrency exchanges outlined in the report that have halted trading on certain coins.
Bitcoin’s ‘death cross’ could increase selling pressure into the weekend.
Cryptocurrencies could facilitate illegal activity and undermine central banks' ability to conduct monetary policy, Consob Chairman Paolo Savona said.
The minister was responding to calls by the head of Bureau for Economic Policy Analysis for a total ban.