Trump signs First major federal cryptocurrency bill into law
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Bitcoin and Ethereum have performed very differently this year. Bitcoin has continued to reach new all-time highs. Ethereum has barley budged as investors try to understand if the network's use case can stand the test of time.
President Trump makes a joke about autopens while signing the landmark GENIUS Act into law, a new bill aimed at regulating cryptocurrency.
The US House on Thursday passed major bipartisan legislation that aims to regulate a type of cryptocurrency known as stablecoins, sending the bill to the president’s desk for his signature.
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Cryptocurrencies are rounding into form. Bitcoin, the world's largest cryptocurrency by market cap, hit fresh all-time highs of more than $123,000 on July 14. The asset's run has also sent a jolt into Ethereum ( ETH 4.35%), which shot up to almost $3,500 per token on July 17 after having a difficult year so far.
Stellar Blade maker Shift Up is having to fight off hackers, as its X (or Twitter) account has been compromised and is promoting a cryptocurrency scam. The game’s director Hyung-Tae Kim has been communicating with fans on social media, urging them not to interact with anything the page posts.