Crypto market goes for a ride as Fed mentions a possible tapering in 2023

17 Jun 2021

???? BTC | $38,436 (-1,561, -3.9%)

???? ETH | $2,390 (-155, -6.1%)

???? XRP | $0.84 (-0.02, -2.6%)

???? LTC | $167 (-8, -4.6%)

Sygnum Bank of Switzerland is helping institutional clients stake their Ether tokens. Should the Ethereum 2.0 network launch successfully in a few years, financial institutions (and their clients) may earn interest simply by holding ETH.

South Korean exchanges halted trading for dozens of coins deemed overly risky, as regulators appear to be amping up pressure on the domestic crypto scene. Earlier this week, banks were ordered by regulators to treat cryptocurrency exchanges as high-risk clients.

US regulators sat down for the incredibly lengthily-titled “Digitizing the Dollar: Investigating the Technological Infrastructure, Privacy, and Financial Inclusion Implications of Central Bank Digital Currencies.” earlier this week. The hearings have broadly revealed general political hostility towards cryptocurrencies, thanks to recent high-profile cyberattacks enabled by ransoms paid in cryptocurrencies.