Swiss National Bank Chair Flags Crypto Risks, Calls Bitcoin and Ether a ‘Niche Phenomenon’

Share This Post

Swiss National Bank Chair Flags Crypto Risks, Calls Bitcoin and Ether a 'Niche Phenomenon'Swiss National Bank (SNB) Chairman Martin Schlegel has cautioned about cryptocurrencies like bitcoin and ether, describing them as volatile and energy-intensive, and highlighting links to illegal activities that complicate regulation. Speaking at an event hosted by Aargauische Kantonalbank in Brugg, Switzerland, Schlegel noted that, while virtual currencies have seen significant growth, they remain a “niche […]

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Cardano Aim For 70% Rally, ADA’s Bullish Comeback

The post Cardano Aim For 70% Rally, ADA’s Bullish Comeback appeared first on Coinpedia Fintech News Cardano (ADA) has made a comeback in the market, gaining significant attention from the

TRON’s Memecoin Boom: SunPump, $SUNDOG, and Nexmate.AI Drive Ecosystem Growth

As the memecoin landscape continues to evolve, SunPump has become a crucial platform within the TRON ecosystem, driving engagement and supporting innovative projects As TRON’s premier memecoin

Tether’s trade finance division funds first oil deal via USDT

Tether leveraged its USDT stablecoin to fund a $45 million crude oil transaction in the Middle East through its trade finance division, marking the first such deal in the region  According to a

Dogecoin Set To Enter A Parabolic Growth Phase, Here’s What DOGE Must Do

Given the growing optimism and market resiliency in the past few weeks, major crypto assets like Dogecoin have gained notable upward traction As a result, analysts are predicting that the next price

Ethereum Oversold? Researcher Predicts Speculative Surge Could Spark Market Revival

Ethereum has had a rough year, but recent insights from industry insiders indicate a possible comeback Matthew Sigel, VanEck’s Head of Digital Assets Research, recently indicated that Ethereum

Bitcoin Skyrockets to Historic $77K – BTC Short Sellers Take a $24M Hit

At precisely 2:30 pm ET on Friday, bitcoin reached a fresh all-time high on Bitstamp, hitting $77,112 per coin This latest peak redefined bitcoin’s USD value once again Trading in the