Crypto

Crypto industry gaining support amid uncertain future

Crypto industry receives White House support amid regulatory shifts, but faces challenges with Bitcoin prices and potential speculative risks.

Published

1 month ago

March 20, 2025

Ahron Young

Crypto industry receives White House support amid regulatory shifts, but faces challenges with Bitcoin prices and potential speculative risks.

In Short

The crypto industry is evolving with new regulatory changes and seeks legitimacy amid challenges.

Despite potential benefits from blockchain technology, concerns about legitimacy and regulation persist, particularly in light of Bitcoin’s speculative nature.

The crypto industry continues to develop, facing challenges and opportunities amid shifting regulatory landscapes.

Bitcoin remains over 20% below its January peak, as the White House presents new support for the sector.

For years, the industry has blamed strict regulations for stunting its growth. However, recent changes in leadership and some relaxed enforcement by the SEC signal a potential shift.

Government oversight

Following the transition in the White House, major players in the crypto sector are beginning to seek legitimacy through government oversight, hoping for less stringent regulation.

In a recent interview, Eswar Prasad, a Cornell professor, highlighted the dual nature of the crypto industry’s current state. While blockchain technology offers significant potential, questions remain about its real-world applicability.

Prasad pointed out that many firms have yet to realise substantial benefits from adopting blockchain for operations. Nonetheless, the stablecoin sector is gaining traction, exploiting existing frictions in financial systems.

There are concerns about the legitimacy of the industry, with some of its more dubious elements, such as meme coins, receiving government endorsement. The administration’s reluctance to use taxpayer money for Bitcoin purchases also drew criticism, as it raises questions about the strategic value of a potential cryptocurrency reserve.

Prasad expresses skepticism about the practical benefits of a strategic reserve, given Bitcoin’s speculative nature.

Crypto

The future of crypto in Australia could be decided at the ballot box

Published

5 days ago

April 16, 2025

ticker NEWS

Will new Australian policies unlock blockchain’s potential or shut it down?

With the 2025 federal election looming, political parties remain divided on their approach to digital assets and blockchain regulation. Policies on taxation, licensing, and consumer protection will shape Australia’s blockchain future, influencing innovation and investment.

In conversation with Caroline Bowler, CEO of BTC Markets, Amy-Rose Goodey, CEO of the Digital Economy Council of Australia (DECA), highlights the importance of clear regulations to foster growth while protecting consumers. Her Who Supports Crypto campaign showcases strong public and industry backing for digital assets and urges policymakers to act. The election outcome could determine whether Australia embraces crypto or falls behind in the global digital economy.

Crypto

Bitcoin drops 5%, Ether falls 9.62%

Bitcoin drops 5% to $78,892.92, while Ether falls 9.62% to $1,617.65 amid market decline.

Published

2 weeks ago

April 7, 2025

Ahron Young

Bitcoin drops 5% to $78,892.92, while Ether falls 9.62% to $1,617.65 amid market decline.

In Short

Bitcoin declined by 5% to $78,892.92, while Ether fell by 9.62% to $1,617.65 amid ongoing market pressures. I

nvestors are urged to stay informed as the volatile situation continues to affect cryptocurrency confidence and strategies.

Bitcoin was last recorded down 5% at $78,892.92 on Sunday.

The decline occurred at 1855 GMT.

This significant downturn saw Bitcoin, the largest cryptocurrency by market value, facing ongoing market pressures.

As of 8:10 PM UTC, its value stood at $79,632.61, reflecting a drop of $3,297.25 or 3.98%. Ether, the second largest cryptocurrency, experienced a more pronounced decrease of 9.62%, trading at $1,617.65 at 1859 GMT.

These fluctuations indicate a challenging day for cryptocurrencies overall.

The market is closely monitored as investors assess the impacts of current economic conditions on the cryptocurrency landscape.

Challenges remain

Such declines can lead to increased scrutiny and cautious approaches among traders. Reports highlight the volatility that has characterised the cryptocurrency market for some time.

Investors are advised to stay informed about market trends and developments.

Any further shifts in the global economic climate may continue to influence these cryptocurrencies.

As the market opens, analysts will be watching closely for recovery signals or additional declines. The evolving situation underscores the importance of understanding market dynamics when engaging with cryptocurrencies.

Continued fluctuations could affect investor confidence going forward.

This latest move emphasizes the need for strategic planning among cryptocurrency investors. The cryptocurrency market remains unpredictable, warranting careful consideration of investment choices.

Crypto

Why is crypto adoption surging in Australia?

OKX Australia experiences quadrupled trading volumes since launch amid rapid crypto adoption and regulatory changes—join our conversation with Kate Cooper for insights!

Published

2 weeks ago

April 4, 2025

ticker NEWS

OKX Australia experiences quadrupled trading volumes since launch amid rapid crypto adoption and regulatory changes.

The crypto industry in Australia is evolving rapidly, with adoption soaring and regulatory discussions shaping the future. Since its May 2024 launch, OKX Australia has seen trading volumes quadruple in just months.

What’s behind this massive growth? We speak with Kate Cooper from OKX Australia to find out.

Watch the full discussion: https://www.youtube.com/@weareticker

#stockmarket Crypto #OKX #Blockchain #Australia #Bitcoin