News
The biggest cryptocurrency news from the past week
2.38pm ▪ 4 minute read ▪ by Luc Jose A.
From groundbreaking announcements, to technological advancement, and regulatory turbulence, the crypto ecosystem continues to prove itself to be both a landscape of limitless innovation and a field of regulatory and economic battles. Here’s a roundup of the most noteworthy news from the past week covering Bitcoin, Ethereum, Binance, and Solana, among others.
Trump sees a favorable crypto future if re-elected
Donald Trump recently expressed strong support for the cryptocurrency industry during an event at Mar-a-Lago, criticizing the Biden administration for its hostility towards this industry. He promises to promote the adoption of cryptocurrencies in the United States if he is re-elected in 2024. Trump contrasts his economic vision and financial freedom with Democrats’ skepticism about the risks of cryptocurrencies. The 2024 election is considered crucial to the regulatory future of digital assets in the United States. Biden’s policy currently aims to curb the rise of decentralized cryptocurrencies.
Bitcoin ETFs win over pension funds!
Traditionally cautious pension funds are starting to take an interest in Bitcoin ETFs. Major asset managers such as Fidelity and BlackRock are now having open discussions with these institutional investors. The interest of pension funds, with assets of over $4 trillion, could give a significant boost to the Bitcoin market. Even a small allocation of these funds into Bitcoin could result in a massive influx of capital into the cryptocurrency market. This development could consolidate the adoption of cryptocurrencies by the general public and traditional institutional investors, marking a turning point towards the maturity of the cryptocurrency market.
VanEck Launches Memecoin Index!
VanEck introduced an index dedicated to memecoins, called the Marketvectorial Meme Coin Index, focusing on six major memecoins with a maximum weighting of 30% each. This index aims to provide a structured approach to the valuation of these often volatile assets. The selection of memecoins for the index is based on various parameters such as current price and historical performance, with monthly reviews to maintain representativeness. VanEck’s initiative could attract more serious investors to the memecoin market. This innovation marks an important step towards the maturity of the cryptocurrency market by providing more sophisticated analytical tools for these digital assets.
Mastercard and banks reinvent transactions!
Mastercard is working with banks like Citi and JPMorgan to transform crypto transactions through asset tokenization, using a shared ledger to improve the security and efficiency of transactions. Mastercard’s Regulated Settlement Network (RSN) project aims to establish a legal framework to integrate these innovations into the digital economy. Institutions such as Swift and Deloitte are also involved, underlining the importance of this global initiative. Debate over central bank digital currencies (CBDCs) continues in the United States, with privacy concerns. The project aspires to a future where financial transactions are instant and secure, thus redefining the standards of global finance.
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Luc Jose A.
Graduated in Science Po Tolosa and holder of a blockchain certification consultant issued by Alyra, I returned to participate in Cointribune in 2019. Capturing the potential of blockchain to transform numerous sectors of the economy, I have made a commitment to raise awareness and inform the great public about this constantly evolving ecosystem. My goal is to allow anyone to better understand blockchain and learn about the opportunities it offers. I strive every day to provide an objective analysis of current events, to decipher market trends, to convey the latest technological innovations and to put into perspective the economic and social efforts of this revolution in brands.
DISCLAIMER
The views, thoughts and opinions expressed in this article are solely those of the author and should not be relied upon as investment advice. Do your research before making any investment decisions.