Cryptocurrency news is important to keep track of, because it can have a major impact on the price of various digital assets. Keeping up to date with news about regulation, forks and other developments in the industry can help you to make informed trading decisions.
In just over a decade, cryptocurrencies have grown from digital novelties into trillion-dollar technologies with the potential to disrupt global financial systems. While many governments have yet to catch up, some are embracing the technology and seeking to capitalize on it.
The US is a prime example, with the Trump administration and Congress working to pass pro-crypto legislation before the end of 2024. Anthony Scaramucci, founder of alternative asset manager SkyBridge Capital and former White House director of communications under President Trump, recently defended the move, saying “it’s not really about whether or not [crypto] is an instrument for money laundering or terrorist financing or sanctions evasion; it’s about how we’re going to win the election.”
But others have raised concerns that a rush to embrace blockchain technology could lead to over-inflation and volatility. Some of the more notable cryptocurrencies have garnered high profile investors such as Elon Musk and Donald Trump Jr, but their value has plummeted in recent months. The market is also seeing a rise in stablecoins, which are intended to be more secure than volatile coins such as Bitcoin, but critics say that their popularity may undermine the wider cryptocurrency sector’s integrity.
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