The price was around $45,100 per coin, while rivals Ethereum and Dogecoin were trading around $3,030 and 29 cents per coin, respectively, according to Coindesk. Concerns about cryptocurrencies were raised Tuesday by Neel Kashkari, president of the Federal Reserve Bank of Minneapolis. "I was more optimistic about crypto and bitcoin five or six years ago," said Kashkari. "So far, what I've seen is … 95% fraud, hype, noise, and confusion." Kashkari made the comments during an appearance at the Pacific NorthWest Economic Region annual summit in Big Sky, Montana, and reported by Coindesk.
According to Reuters, in other cryptocurrency news, Australian bitcoin miner Iris Energy said Wednesday it has applied for a direct listing on the Nasdaq. According to the company, the company confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission (SEC) for a direct listing. Despite the regulation talk, Bitcoin still shows a promising path, with many analysts predicting a future where its price exceeds $100,000 in 2022.
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