In other words, it provides for ownership rights as a physical asset or as a unit of account. Many crypto enthusiasts and economists believe that high-scale adoption of the top currency will lead us to a new modern financial world where transaction amounts will be denominated in smaller units. It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use Bitcoin and other cryptocurrencies in their everyday lives. The emergence of the first cryptocurrency has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects. If you are the cryptocurrency investor, be well informed about the latest Cryptocurrency Market News in order to have the best trading opportunities.
“Proud to support President Trump’s pro-crypto vision.” Xia wrote in both English and Chinese on social media. “I’m excited to connect with everyone, talk crypto, and discuss the future of our industry,” Sun said. Republicans and Democrats had continued negotiating after the bill initially failed to advance, resulting in a new amendment draft over the weekend that garnered enough support among Democrats to move the package forward. This is the first real bull market where institutional participation is front and centre,” said Josh Gilbert, market analyst at eToro Australia.
However, to this point, critics claim that increasing Bitcoin’s renewable energy usage will take away from solar sources powering other sectors and industries like hospitals, factories or homes. The Bitcoin mining community also attests that the expansion of mining can help lead to the construction of new solar and wind farms in the future. The old blockchain will continue to exist and will continue to accept transactions, although it may be incompatible with other newer Bitcoin clients. Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. The best of us can be swindled, but one banker’s particular enthrallment to an overseas cryptocurrency crime network was so dire that it almost devastated his entire community. Read this New York Times report about Shan Hanes embezzling more than $31 million into a suspicious crypto investment before the money disappeared.
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“If we provide the legal clarity and legal framework for this, I think we could create trillions of dollars of demand for our Treasuries practically overnight,” he said. On Monday, a group of Senate Democrats dropped their opposition to the legislation, allowing it to clear a key procedural vote and raising hopes that the Senate will pass it as early as this week. The bill is expected to include provisions aimed at protecting stablecoin holders and regulating potential abuse for criminal or terrorist financing. Stablecoins are cryptocurrencies designed to maintain a stable value by being pegged to reference assets such as the US dollar, the euro or commodities like gold.
BTC perpetual funding rates spike as open interest and longs surge with price
From financial regulators to the halls of Congress and all the way to the Oval Office, the U.S. is fully embracing — and even promoting — crypto. For years, crypto was viewed by many as a weird and fringe investment, hyped up by a bunch of math geeks and used widely by all kinds of unsavory characters, from drug dealers to hackers. You can change your settings at any time, including withdrawing your consent, by using the toggles on the Cookie Policy, or by clicking on the manage consent button at the bottom of the screen. “Jupnet is a really big lift across the board, lots of research to be done across the board, proof of concepts to be developed in lieu of a good design, followed by lots of productizing. With Jupnet, we hope to add some special elements to the crypto space,” @weremeow noted in a post.
The White House has aggressively backed the effort, even as concerns mount over the president’s potential conflicts. Both tokens jumped on https://ai-robert.com/ the news, adding to their already large gains this month. CryptoSlate’s latest report dives deep into the performance of Bitcoin prxy stocks to analyze how their performance fares in comparison to Bitcoin’s spot price, direct exposure products like ETFs, and indirect vehicles like MSTR.
- By keeping of developments individuals can make informed choices regarding their cryptocurrency investments.
- Blockchain is the network upon which most of these cryptocurrencies operate on.
- Meanwhile, a top legislative priority for crypto-backers, a bill clarifying how digital assets are to be regulated, has advanced in the Senate.
- It comes as bitcoin’s price has surged amid renewed fears about the global economy and a worldwide government borrowing glut and subsequent sell-off in bonds.
- It’s a group that gave millions to the president’s campaign and ended up as the largest single donor bloc during the 2024 electoral contest.
Coinbase is facing backlash over its data breach, which new details show affected more than 69,000 users in total. Bitcoin Pizza Day marks the first real-world Bitcoin purchase, showing how 10,000 BTC for pizzas in 2010 is now worth over $1.1 billion. FIFA teams up with Avalanche to launch a new EVM blockchain, boosting speed and scalability for its digital collectibles platform. Fifteen years ago, Laszlo Hanyecz started Bitcoin Pizza Day by purchasing two pizzas with 10,000 BTC, a sum worth more than $1 billion today. Users of the KAS-wKAS bridge in the Chainge project have found their withdrawal transactions trapped as promises from the team are not met.
This legislation would mark a game-changing bill, establishing the first comprehensive regulatory framework for payment stablecoins. Another expected headline in the top crypto news this week is Jupiter Exchange’s product announcements. In a post last week, the Solana-based DEX teased a major product announcement by a Jupiter executive.
Major U.S. banks are weighing launching a joint stablecoin to fend off crypto competition. Financial heavyweights like JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC), have held discussion on the subject, the Wall Street Journal reported , citing people familiar wit… Some of the top crypto hot wallets include Exodus, Electrum and Mycelium. Aside from congressional hearings, there are private sector crypto initiatives dedicated to solving environmental issues such as the Crypto Climate Accord and Bitcoin Mining Council. In fact, the Crypto Climate Accord proposes a plan to eliminate all greenhouse gas emissions by 2040, And, due to the innovative potential of Bitcoin, it is reasonable to believe that such grand plans may be achieved.