Crypto Market Overview

This section suggests review articles about the cryptocurrency market. There are price predictions, crypto bots overviews, and weekly crypto market analyses, which were published in 2019 and covered the most memorable crypto events, quotes, and price changes of the past week. Each report noted the market capitalization of cryptocurrencies, the price of top coins such as Bitcoin, Ethereum, and XRP.

Will governments come after stablecoins in 2024?

On May 10, during a “The World Class” podcast, Brad Garlinghouse, Ripple’s CEO, said, “The U.S. government is going after Tether, that is clear to me,”

Later, he explained on his X account that he was not trying to attack Tether. He added that since the U.S. government has made it clear it wants to tighten control over issuing companies, Tether, as a key player in the ecosystem, is automatically on regulators’ radar.

Reasons for regulation of stablecoins

Governments, by definition, have to fight potential investor fraud, tax evasion, money laundering, etc.. We see that the process is underway: from the SEC’s investigation into the dollar unpegging of UST, and Facebook’s legal problems with Libra (now known as Diem), to the regulation of stablecoins, which we will discuss in more detail below.

What are stablecoins? In case you are not aware, there are three types of stablecoins:

Fiat-backed stablecoins are backed by fiat currency, usually the dollar or the euro (with the dollar being more common). They are Centralized.