This year’s blistering rally in cryptocurrencies such as bitcoin and ether is showing signs of wilting amid growing concerns that US regulators are preparing a major crackdown on the digital asset market.
The sell-off was sparked by fears that the US Securities and Exchange Commission is planning to put a ban on “staking”. The problem is that “validators” must lock up at least 32 ether – worth close to $US50,000 – to participate in staking on Ethereum. US regulators have come under intense pressure to crack down harder on digital asset businesses following the spectacularAdvertisement
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: