What to expect in crypto and blockchains in 2024?

Posted under: Fintech
Date: 2024-01-09
What to expect in crypto and blockchains in 2024?

In the crypto landscape for 2024, key developments include the sentencing of ex-FTX CEO Sam Bankman-Fried, potentially setting a precedent for crypto entrepreneurs violating U.S. financial regulations. Bitcoin's price recovery to $45,000 triggers optimism, but caution is advised against trading for quick profits. Increased scrutiny on crypto exchanges is expected globally, particularly in India, following actions against Binance. The Bitcoin halving in 2024 may impact mining profitability, influencing market volatility. Over 100 countries, including India, are exploring or implementing Central Bank Digital Currencies (CBDCs). The rise in crypto adoption is accompanied by increased cybercrime, necessitating user education on blockchain security. The convergence of crypto and artificial intelligence (AI) introduces innovative products and services in the Web3 era.

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