Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, a new report from the Bank for International Settlements (BIS) warns that crypto and stablecoins may destabilize finance and widen inequality, Lyn Alden shared her current outlook on Bitcoin, and US federal prosecutors continue their case against SafeMoon’s CEO.
The growing adoption of cryptocurrencies may pose risks to the traditional financial system and exacerbate wealth inequality, according to the Bank for International Settlements (BIS).
In an April 15 report, the BIS warned that the number of investors and amount of capital in crypto and decentralized finance (DeFi) have “reached a critical mass,” with investor protection becoming a “significant concern for regulators.”
