Cryptocurrency news

Some high-profile crypto enthusiasts have backed Trump. Cameron and Tyler Winklevoss, the founders of the Gemini exchange, have each donated $1 million to his campaign, and Marc Andreessen and Ben Horowitz, the founders of venture capital firm Andreesen Horowitz, have also endorsed the former president, citing concerns about the regulation of crypto asset securities and artificial intelligence, as well as increased taxation on their holdings winport no deposit bonus.

The SEC approved the listing and trading of several spot bitcoin ETFs in early 2024, which allow these ETFs to trade and hold actual bitcoin tokens in their portfolios. This followed earlier approvals of crypto futures ETFs (2021 for bitcoin futures, 2023 for ether futures). As we reported in March 2024, the SEC followed up the spot bitcoin ETF approval by focusing on the difference between ether and bitcoin’s cryptocurrency models. By mid-year 2024, it had given the go-ahead to spot ether ETFs and was reviewing applications by Grayscale and other major fund managers.

In ruling for the SEC, Failla noted how the SEC’s regulation of Coinbase and other crypto operators fits well with precedent—whether the SEC’s own rulings or court cases like Howey v. SEC (1946). As Failla archly puts it at the beginning of her ruling, it doesn’t matter if those offering the crypto suggest they are part of “a paradigm shift.” If they fit the Howey test, they merely provide another in a long line of securities regulated by the SEC.

What is cryptocurrency

Select cryptocurrency exchanges have offered to let the user choose between different presets of transaction fee values during the currency conversion. One of those exchanges, namely LiteBit, previously headquartered in the Netherlands, was forced to cease all operations on August 13th, 2023, “due to market changes and regulatory pressure”.

One of the primary benefits of cryptocurrencies is the concept of decentralization, which means no central authority, such as a government or bank, controls the network. This reduces the risk of interference, censorship, or manipulation, allowing for peer-to-peer transactions with lower fees, particularly for cross-border payments. Additionally, cryptocurrencies use blockchain technology, which ensures security and transparency by recording all transactions on an immutable public ledger. This makes it difficult for fraud or tampering to occur. Another advantage is inflation protection — cryptocurrencies like bitcoin have a fixed supply, arguably making them more resistant to inflation compared to traditional fiat currencies. Moreover, cryptocurrencies promote financial inclusion, providing individuals in underbanked or underserved regions globally access to financial services, as anyone with an internet connection can participate. These benefits are transforming how people interact with finance and enabling a more decentralized, accessible global economy.

There are also purely technical elements to consider. For example, technological advancement in cryptocurrencies such as bitcoin result in high up-front costs to miners in the form of specialized hardware and software. Cryptocurrency transactions are normally irreversible after a number of blocks confirm the transaction. Additionally, cryptocurrency private keys can be permanently lost from local storage due to malware, data loss or the destruction of the physical media. This precludes the cryptocurrency from being spent, resulting in its effective removal from the markets.

Cryptocurrency market

Play-to-earn (P2E) games, also known as GameFi, has emerged as an extremely popular category in the crypto space. It combines non-fungible tokens (NFT), in-game crypto tokens, decentralized finance (DeFi) elements and sometimes even metaverse applications. Players have an opportunity to generate revenue by giving their time (and sometimes capital) and playing these games.

What exactly are governments and nonprofits doing to reduce Bitcoin energy consumption? Earlier this year in the U.S., a congressional hearing was held on the topic where politicians and tech figures discussed the future of crypto mining in the U.S, specifically highlighting their concerns regarding fossil fuel consumption. Leaders also discussed the current debate surrounding the coal-to-crypto trend, particularly regarding the number of coal plants in New York and Pennsylvania that are in the process of being repurposed into mining farms.

The How-To guides, located in the learn section, are made to assist users of any experience level with help on ‘how to’ perform certain actions, such as, on-chain transactions, navigate exchanges, or complete other crypto-related activities. Our comprehensive guides provide clear, step-by-step instructions accompanied with images. This resource empowers everyone—from beginners to experts—to get the most of crypto with ease and confidence.