The past week in the world of cryptocurrency was nothing short of eventful. From legislative moves aimed at curbing alleged corruption in cryptocurrency ventures to bold predictions about Bitcoin’s dominance, the week was filled with intriguing developments.
Here’s a quick recap of the top stories that made headlines.
In a bid to curb what he calls “corruption in plain sight,” Rep. (D-Calif.) introduced legislation targeting cryptocurrency ventures by President and other senior administration officials. Schiff’s proposed COIN Act seeks to put an end to the alleged corruption in these ventures.
Billionaire investor predicts that BTC/USD will completely dominate the dollar within the next five years. Draper, a long-time Bitcoin advocate, attributes this potential dominance to the unprecedented innovation on the Bitcoin network.
Despite Bitcoin’s 400x rise, , CEO of , believes that the “next exciting leg” of Bitcoin’s growth journey is just beginning. Wood’s comments came in response to billionaire hedge fund manager Philippe Laffont’s views on Bitcoin.
Disclosure: 82% of retail CFD accounts lose money
, head of research at , predicts that Strategy Inc. MSTR, formerly known as MicroStrategy, could deliver superior returns compared to Bitcoin itself as the cryptocurrency rallies.
Trump Family-Backed Crypto Venture’s New App
World Liberty Financial, a crypto venture backed by U.S. President Donald Trump, plans to launch a new app aimed at making it easier for lay investors to use cryptocurrencies. The Trump family, which holds a 75% claim on the venture’s net revenues, has faced criticism due to potential conflicts of interest.
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This story was generated using Benzinga Neuro and edited by Ananya Gairola
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