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2024 Blockchain Industry Milestones: Bitcoin Surpasses $100,000 and Major Legislative Changes
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.
Brief news summary
In 2024, the blockchain sector experienced significant advancements. Bitcoin's value soared, more than doubling to over $100,000, countering previous doubts. Notable events included Senator Elizabeth Warren's newfound support for cryptocurrency investments and Russia’s legislature approving stablecoin use to bypass sanctions. In France, Telegram CEO Pavel Durov was arrested, and Alameda Research CEO Caroline Ellison received a prison sentence. Meme coins gained traction, while Congress passed a pivotal crypto bill. Additionally, prediction markets rose in popularity, several Bitcoin ETFs launched, and the crypto mega-PAC Fairshake made influential moves. The year ended with prominent figures in the crypto community convening, signaling more substantial developments on the horizon.
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