Federal Reserve’s Barr Warns of Uncontrolled Volatility in Stablecoins and Private Cryptocurrencies, Including Bitcoin, Without Regulatory Safeguards

Bitcoin whales have been consistently accumulating the cryptocurrency since the beginning of 2023, resulting in a substantial increase in the number of addresses holding more than 1,000 BTC. These whale addresses have collectively acquired a staggering total of 7.66 million…