Cryptocurrency news is one of the most important things you need to stay on top of, whether you’re an experienced trader or just getting started. The cryptocurrency industry is fast-moving and volatile, and it’s essential to have the latest updates to stay on top of the action.
Cryptocurrencies are digital or virtual currencies that use blockchain technology to enable secure online payments without the need for a central authority, such as a bank. They are usually exchanged on decentralized computer networks between people with virtual wallets, with transactions recorded publicly on tamper-proof ledgers known as blockchains. These systems have drawn fascination from investors, who seek speculative returns, and from people in authoritarian countries who use them to circumvent state controls or avoid government taxes.
The value of cryptocurrencies fluctuates wildly, with the price of Bitcoin climbing to almost $100,000 last year and then falling below half that amount in just a few months. The total value of all cryptocurrencies now exceeds $1.5 trillion, but the extreme volatility has made some question their longevity.
Regulators have moved to craft rules for the sector as its popularity grows. In the United States, for example, the SEC has approved the first set of exchange-traded funds (ETFs) that include spot bitcoin. But cryptocurrencies do not fit neatly into traditional securities laws, and some warn that too much regulation could stifle innovation. In other countries, governments are taking a more hands-off approach to the sector.