bitcoin
Bitcoin (BTC) $ 16,814.26
ethereum
Ethereum (ETH) $ 1,231.97
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 284.62
usd-coin
USD Coin (USDC) $ 1.00
binance-usd
Binance USD (BUSD) $ 1.00
xrp
XRP (XRP) $ 0.385750
dogecoin
Dogecoin (DOGE) $ 0.096347
cardano
Cardano (ADA) $ 0.310916
matic-network
Polygon (MATIC) $ 0.895464
polkadot
Polkadot (DOT) $ 5.29
staked-ether
Lido Staked Ether (STETH) $ 1,217.77
shiba-inu
Shiba Inu (SHIB) $ 0.000009
litecoin
Litecoin (LTC) $ 75.01
okb
OKB (OKB) $ 20.76
dai
Dai (DAI) $ 0.999681
solana
Solana (SOL) $ 13.49
tron
TRON (TRX) $ 0.053432
uniswap
Uniswap (UNI) $ 5.95
avalanche-2
Avalanche (AVAX) $ 13.21
leo-token
LEO Token (LEO) $ 3.79
chainlink
Chainlink (LINK) $ 6.86
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 16,776.55
cosmos
Cosmos Hub (ATOM) $ 9.62
the-open-network
The Open Network (TON) $ 1.83
monero
Monero (XMR) $ 145.32
ethereum-classic
Ethereum Classic (ETC) $ 18.84
stellar
Stellar (XLM) $ 0.084420
bitcoin-cash
Bitcoin Cash (BCH) $ 109.93
quant-network
Quant (QNT) $ 117.32
crypto-com-chain
Cronos (CRO) $ 0.063370
algorand
Algorand (ALGO) $ 0.222618
filecoin
Filecoin (FIL) $ 4.35
near
NEAR Protocol (NEAR) $ 1.68
apecoin
ApeCoin (APE) $ 3.88
vechain
VeChain (VET) $ 0.018721
hedera-hashgraph
Hedera (HBAR) $ 0.047457
internet-computer
Internet Computer (ICP) $ 4.16
flow
Flow (FLOW) $ 1.03
eos
EOS (EOS) $ 0.979823
elrond-erd-2
MultiversX (Elrond) (EGLD) $ 44.30
terra-luna
Terra Luna Classic (LUNC) $ 0.000171
frax
Frax (FRAX) $ 1.00
trust-wallet-token
Trust Wallet (TWT) $ 2.46
axie-infinity
Axie Infinity (AXS) $ 8.28
the-sandbox
The Sandbox (SAND) $ 0.584075
tezos
Tezos (XTZ) $ 0.989366
aave
Aave (AAVE) $ 61.07
theta-token
Theta Network (THETA) $ 0.855496
huobi-token
Huobi (HT) $ 6.37

Crypto could ‘crash’ the global financial system: US senator

0

- Advertisement -


Cryptocurrency‘s latest turmoil, coupled with what has happened in recent months, paints a picture of an ecosystem that could distabilise the global financial system, Senate Banking Committee Chair Sherrod Brown has said.

According to the US lawmaker, crypto has been used for pretty much everything illegal, including outright theft and fraud. 

“The last thing” anyone would want to see, he noted, is the new financial product ending up crashing the financial system.

FTX collapse one of red flags

His comments at a hearing involving top US banking regulators come at a time when crypto is again in the spotlight following the collapse of major crypto exchange FTX. 

The company was founded by Sam Bankman-Fried, who before his ‘empire’s collapse’, was a darling of Capitol Hill.   

But FTX’s implosion and reports of misuse of customer funds by Alameda Research, is already seeing increased activity across Washington and in other regions.

“The parallels to past financial crises throughout our history are troubling,” he said during the committee hearing, comments reported by The Block. The legislator, who has previously slammed crypto, continued to warn that there’s nothing “beneficial” to be gotten out of “hundreds of speculative cryptocurrencies.”

On what the outlook is across the legislative divide, Brown said:

“Many on my side of the aisle have raised warning flags about this. The last thing we need is for risky new financial products to crash our financial system. Thank you to those of you on the panel for your skepticism about cryptocurrencies.”



Source link

- Advertisement -

Leave A Reply

Your email address will not be published.

Shares