Opinion
Cryptocurrency animal spirits are back big time
Bitcoin has a long path to respectability. Years of software development and investments have failed to catapult blockchain networks into mainstream finance.
Karen MaleyColumnistIt’s the ultimate irony if the latest surge in the price of bitcoin – which many believe has limited utility apart from allowing criminals to launder money – was itself based on a fraud.
The price of cryptocurrency swung wildly after the US regulator – the Securities and Exchange Commission – said that its account on social media platform X, falsely reported it had given its blessing to the listing of the first ever spot bitcoin exchange-traded funds.
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