-1.99% Bitcoin (BTC) 98478.5 EUR

-4.92% Ethereum (ETH) 3034 EUR

+1.63% Litecoin (LTC) 93.43 EUR

-4.76% B-Cash (BCH) 472.32 EUR

-2.86% Ethereum (ETH) 0.031108 BTC

+3.60% Litecoin (LTC) 0.00095849 BTC

-2.80% B-Cash (BCH) 0.00479851 BTC

-0.70% Bitcoin (BTC) 115070.613 USDC

-1.29% USD Coin (USDC) 0.86 EUR

-4.59% Chainlink (LINK) 14.05 EUR

-2.33% Chainlink (LINK) 0.00014261 BTC

-4.51% Dogecoin (DOGE) 0.17 EUR

-2.22% Dogecoin (DOGE) 0.00000176 BTC

-3.20% Uniswap (UNI) 7.89 EUR

-1.12% Uniswap (UNI) 0.00008019 BTC

-2.08% Cardano (ADA) 0.62 EUR

0.00% Cardano (ADA) 0.00000636 BTC

-0.78% Tron (TRX) 0.28 EUR

+1.04% Tron (TRX) 0.00000289 BTC

-1.57% Shiba Inu (SHIB) 0.00001062 EUR

-2.56% Zcash (ZEC) 31.19 EUR

0.00% Zcash (ZEC) 0.0004242 BTC

-3.30% Basic Attention Token (BAT) 0.12 EUR

0.00% TradeFlow (TFLOW) 0.12216892 BUSD

-3.11% Arbitrum (ARB) 0.3761 USDC

-3.30% Chainlink (LINK) 16.1 USD

-3.45% Chainlink (LINK) 16.10544 USDC

-2.06% Uniswap (UNI) 9.05 USDC

-2.21% Ondo (ONDO) 0.77 EUR

-0.88% Ondo (ONDO) 0.89803 USDC

-3.14% Gala (GALA) 0.01 EUR

-1.77% Gala (GALA) 0.01505 USDC

-4.04% Wormhole Token (W) 0.06 EUR

-3.01% Wormhole Token (W) 0.0743 USDC

-2.66% Chiliz (CHZ) 0.03 EUR

-1.23% Chiliz (CHZ) 0.03766 USDC

-3.35% Sand (SAND) 0.22 EUR

-1.93% Sand (SAND) 0.2643 USDC

-2.52% Aave (AAVE) 220.09 EUR

-1.42% Aave (AAVE) 254.76 USDC

-2.93% Curve DAO (CRV) 0.77 EUR

-1.90% Curve DAO (CRV) 0.9012 USDC

-4.40% Immutable X (IMX) 0.42 EUR

-3.63% Immutable X (IMX) 0.49 USDC

-3.95% Synthetix Network Token (SNX) 0.48 EUR

-2.59% Synthetix Network Token (SNX) 0.564 USDC

0.00% Skale (SKL) 0.07 USDC

-5.56% Beam (BEAM) 0 EUR

-4.16% Beam (BEAM) 0.00668 USDC

0.00% Axelar (AXL) 1.05 USDC

-2.53% Livepeer Token (LPT) 5.2 EUR

-1.35% Livepeer Token (LPT) 6.013 USDC

-1.39% Compound (COMP) 38.18 EUR

+0.40% Compound (COMP) 44.36 USDC

-1.52% Yield Guild Games Token (YGG) 0.12 EUR

-0.46% Yield Guild Games Token (YGG) 0.151 USDC

-1.07% Coti (COTI) 0.04 EUR

+0.95% Coti (COTI) 0.0529 USDC

0.00% Portal (PORTAL) 1.1 USDC

-0.41% Sushi (SUSHI) 0.67 EUR

+0.49% Sushi (SUSHI) 0.7779 USDC

-2.23% Pepe (PEPE) 0 EUR

-1.30% Pepe (PEPE) 0.00001058 USDC

-2.47% Optimism (OP) 0.56 EUR

0.00% Polygon (MATIC) 0.2 EUR

-3.83% Solana (SOL) 143.98 EUR

-0.87% Solana (SOL) 0.0014646 BTC

+1.26% Solana (SOL) 0.046988 ETH

-0.23% USD Coin (USDC) 0.75 GBP

0.00% USD Coin (USDC) 1 USDT

0.00% USD Coin (USDC) 145.58 JPY

Bank of England Chief Takes Victory Lap as Crypto Crumbles

06-14-2022

Bank of England Governor Andrew Bailey reiterated his stance on cryptocurrencies, stating that the asset class has "no intrinsic value."

The longtime crypto skeptic was testifying in the U.K. Parliament the day after lending platform Celsius suspended transfers and withdrawals, helping to send bitcoin (BTC) and the rest of the cryptocurrency sector into a tailspin.
"Crypto assets have no intrinsic value. This morning we have seen another blow-up in a crypto exchange," Bailey said.
Bailey's comments followed Celsius's decision Sunday night to halt transfers and withdrawals, citing extreme market conditions. Celsius is based in the U.K. and has said it plans to "honor withdrawal obligations" in spite of speculation about its solvency.
Bailey hasn't been shy about his disdain for crypto, having previously warned on the lack of value of the sector as a whole and saying bitcoin is not a practical means of payment. In December he also urged U.K. banks to be "especially cautious" with crypto.

Source: Coindesk

More from this category

Why Bitcoin ETFs with ‘zero flows’ don’t mean what you think

Over 2,000 United States ETFs see no inflows on any given day — something thats “very normal,” says ETF analyst James Seyffart. Bitcoin BTC $64,423 exchange-traded funds (ETFs) having days of zero i...

Bored Ape NFT floor price hits lowest point in over two and a half years

The Bored Ape Yacht Club collection’s floor price is currently at 11.1 ETH, down 90% from its peak during the roaring NFT bull market. The floor price of Bored Ape Yacht Club (BAYC) nonfungible token...

Australia's securities regulator appeals loss in Finder Wallet case

ASIC argues a federal court judge “erred” in finding that Finder Earn was not a “debenture” — and thus compliant with Australian financial rules. The Australian Securities and Investments Commission...