This Week in Crypto: December 08, 2023

Welcome to another edition of “This Week in Crypto,” your trusted source for navigating the dynamic world of cryptocurrency.

As the crypto landscape experiences twists and turns, we’re here to bring you a curated digest of the most impactful updates, market insights, and technological strides. Let’s dive into the latest happenings shaping the crypto sphere.

Let’s dive into the highlights:

1- Bitcoin’s Battle at $43K and Altcoin Surge

2- Bipartisan Anti-Crypto Terror Financing Bill Heads to U.S. Senate 🏛

3- Unlocking a New Wave: Decentralized Physical Infrastructure Networks (DePIN)

🌟 Bitcoin’s Battle at $43K and Altcoin Surge 📈

Bitcoin faced a challenging week, struggling to hold above $43,000 as attention shifted to altcoins like Ethereum (ETH) and Solana (SOL). ETH and SOL stepped up, clawing back crypto market cap share from BTC. Market analysts, including Matthew Hyland, raised concerns about a potential “false breakout” as Bitcoin’s dominance hit 55.26% on Dec. 6, the highest since April 2021. Discover the dynamics at play and how altcoin FUD could influence Bitcoin’s journey to $50K.

🌟 Bipartisan Anti-Crypto Terror Financing Bill Heads to U.S. Senate 🏛️

A significant bipartisan move unfolded as U.S. senators introduced the “Terrorist Financing Prevention Act of 2023,” aiming to combat terror financing through digital assets. The bill extends sanctions to foreign entities supporting U.S.-designated terrorist groups, including those involved in crypto transactions. Explore the motivations behind this legislative push, the questions surrounding crypto’s role in terror financing, and the ongoing debate within the crypto community.

🌟 Unlocking a New Wave: Decentralized Physical Infrastructure Networks (DePIN) 💻

Delve into the transformative realm of Decentralized Physical Infrastructure Networks (DePIN), a rising crypto use case. By blending distributed infrastructure with token incentives, DePIN addresses challenges in centralized infrastructure, offering solutions for decentralized GPUs, storage, energy, wireless, and GPS networks. Uncover the three key advantages of the DePIN model and its potential to unlock a new era of billion-dollar physical infrastructure networks.

✨ Outro:

As we wrap up another week in the crypto universe, “This Week in Crypto” remains your beacon in the ever-evolving landscape. Stay tuned, stay informed, and be part of the crypto revolution. Until next week, happy reading, and may your portfolios prosper in the blockchain frontier!

This Week in Crypto: December 08, 2023 was originally published in MXC Foundation on Medium, where people are continuing the conversation by highlighting and responding to this story.