Major businesses like Tesla and PayPal are already accepting Bitcoin as payment, demonstrating how widely cryptocurrencies are being used.
Regulator ambiguity and the effects of cryptocurrency mining on the environment continue to cause worry.
Digital art and collectibles are selling for millions of dollars thanks to NFTs (non-fungible tokens), which are also growing in popularity.
As many NFTs are based on the Ethereum network, which at the moment needs a lot of energy for mining, there are worries about the environmental effect of NFTs as well.
Overall, the cryptocurrency market is still unstable yet it still draws widespread attention and adoption.
Russia issued one billion ruble worth of digital assets in one month
UAE is one prospective location for Coinbase’s global headquarters
National Blockchain Policy has been adopted in Nigeria
Coinbase requests that the SEC alter its RIA custody rule
Binance intends to move to the UK
GALA V2 receives support from Binance while being rejected by Coinbase