Etrscrypto cryptocurrency news by etherions
Cryptocurrencies are digital or virtual currencies that use cryptographic methods to secure transactions and control the creation of new units. Unlike traditional fiat currencies, which are issued and regulated by central authorities such as governments or central banks, cryptocurrencies operate on decentralized networks https://awmopen.com/free-spins/. These networks often employ blockchain technology, a public ledger system that records all transactions transparently and immutably.
“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.
US-China Tariff War Pulls Bitcoin Down, Gold Hits ATHA 245% tariff on Chinese imports triggered a 2% Bitcoin price dip and a 3.75% drop in the broader crypto market. Gold, meanwhile, surged to an all-time high of $3,300 as investors sought safe-haven assets.
“Next week, the Senate will make history when we pass the GENIUS Act that establishes the first-ever pro-growth regulatory framework for payment stablecoins. This bill will cement US dollar dominance, protect customers, increase demand for US treasuries, and ensure that innovation in the digital asset space is in the hands of the United States of America, not our adversaries,” Senator Hagerty wrote.
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Warren has opposed to earlier versions of the GENIUS Act, warning that the bill’s attempts to regulate stablecoin are toothless and could harm consumers, spur corruption and even lead to a potential financial crisis.
“Next week, the Senate will make history when we pass the GENIUS Act that establishes the first-ever pro-growth regulatory framework for payment stablecoins. This bill will cement US dollar dominance, protect customers, increase demand for US treasuries, and ensure that innovation in the digital asset space is in the hands of the United States of America, not our adversaries,” Senator Hagerty wrote.
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.
Warren has opposed to earlier versions of the GENIUS Act, warning that the bill’s attempts to regulate stablecoin are toothless and could harm consumers, spur corruption and even lead to a potential financial crisis.
“Next week, the Senate will make history when we pass the GENIUS Act that establishes the first-ever pro-growth regulatory framework for payment stablecoins. This bill will cement US dollar dominance, protect customers, increase demand for US treasuries, and ensure that innovation in the digital asset space is in the hands of the United States of America, not our adversaries,” Senator Hagerty wrote.
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.
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The bill seeks to curb Big Tech’s control over digital money, demanding special approval before giants like Meta can issue their own stablecoins. This is noteworthy because it is the first step toward true financial decentralization backed by federal law.
As the gold price today hit new highs and Bitcoin hovered near key support, concerns over trade wars, regulation, and cyberattacks continue to impact market sentiment. Let’s break down the top crypto news, hack alerts, and market shifts in this week’s detailed recap.
Also, this week’s top crypto news story is the Avalanche Summit in London, expected to start on Tuesday, May 20. The sentiment is that the Avalanche network might make major announcements during the summit.
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In addition to reporting on the law and regulation governing blockchain, smart contracts, and digital assets, this bulletin will discuss the legal developments supporting the infrastructure and ecosystems that enable the use and acceptance of these new technologies.
Digital Transformation – The never-ending journey. Digital transformation is more than a trend – it’s a continuous journey. Our Tech Index 2024 looks at the rise of blockchain to the advancements in AI and the potential of quantum computing, the evolution never stops. Organizations must adapt and lead the way in this ever-changing landscape. Mark O’Conor, Paul Allen, and Chloe Forster take a deep dive into digital transformation.
Later in the month, market sentiment turned cautiously optimistic, as fresh capital entered the space through ETF proposals and large-scale acquisitions. Upexi Inc. announced the purchase of 200,000 SOL tokens worth $30 million, with more investments to follow. Similarly, a Canadian digital asset firm revealed a $500 million convertible note for SOL acquisition and staking.
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The recent fluctuations in Bitcoin’s price show just how unpredictable the market can be. For anyone thinking about investing, it’s crucial to stay on top of these trends and understand the broader economic impact.