CandleFocus

2024 Was the Year of Breaking Through

Author: Content Editor
The year 2024 was a breakthrough year for blockchain, characterized by constant acceleration and a clear direction in the market. The European Union's Markets in Crypto Assets (MICA) act set the stage for legal framework in Europe, leading to increased business activity in the region. The Securities and Exchange Commission (SEC) approvals of Bitcoin and Ethereum ETFs further propelled the industry forward. Regulatory and legal successes in the US, including a pro-crypto administration, positioned the country as a leader in global regulatory convergence. However, the industry is not without challenges, as concerns about frauds and risks associated with speculative behavior arise. Overall, 2024 marked a significant milestone for blockchain, with expectations of further revolution and growth in 2025.

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