In 2024, the blockchain industry experienced significant advancements. Bitcoin's value soared, more than doubling to exceed $100, 000, challenging earlier doubts about its viability. Noteworthy events included Senator Elizabeth Warren expressing a willingness to consider cryptocurrency investments, legislation in Russia permitting stablecoin utilization to bypass sanctions, and the arrest of Telegram CEO Pavel Durov in France.
Additionally, major happenings featured the sentencing of Alameda Research's CEO Caroline Ellison, the surge in popularity of meme coins, Congress passing a cryptocurrency bill, the increasing interest in prediction markets, the rollout of Bitcoin ETFs, and the influential activities of the crypto mega-PAC, Fairshake. The year wrapped up with key figures in crypto congregating, suggesting that more significant developments are on the horizon.
2024 Blockchain Industry Milestones: Bitcoin Surpasses $100,000 and Major Legislative Changes
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