LIVEMr Clems
@mrclems
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China has a Trojan Horse in US Bitcoin mining infrastructure
China holds an alarming amount of power over Bitcoin miners in the United States. Congress should act to scale back the country's influence.
Cryptocurrencies are rapidly becoming a critical piece of the United States economy and financial system. The value of Bitcoin
BTC
$67,714
has surged thanks to exchange-traded funds (ETFs) bringing access to a huge swath of new consumers. This is generally good news.
However, the rise of Bitcoin also brings with it the need for increased regulatory guard
Cryptocurrencies are rapidly becoming a critical piece of the United States economy and financial system. The value of Bitcoin
BTC
$67,714
has surged thanks to exchange-traded funds (ETFs) bringing access to a huge swath of new consumers. This is generally good news.
However, the rise of Bitcoin also brings with it the need for increased regulatory guard
crypto industry will only benefit from regulation
Since the emergence of Bitcoin in 2009, cryptocurrencies have become widespread. By 2022, the market included at least 10,000 tokens with various properties: well-known mainstream coins like Bitcoin and Ethereum, stablecoins with a value pegged to fiat currencies, meme coins, and various altcoins that power different projects.
Cryptocurrencies provide options for fast and inexpensive money transfers (including cross-border ones), have limited use for payments, and can be used as a store of value
Cryptocurrencies provide options for fast and inexpensive money transfers (including cross-border ones), have limited use for payments, and can be used as a store of value
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