New bill would reclassify some crypto as a commodity

Yahoo Finance published this video item, entitled “New bill would reclassify some crypto as a commodity” – below is their description.

#crypto #cryptoregulations #yahoofinance

In today’s crypto corner, Brian Cheung breaks down the latest moves in crypto following a Solana digital wallet hack, and Jennifer Schonberger reports on a new bill that proposes to regulate bitcoin and ethereum as commodities.

Yahoo Finance YouTube Channel

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In This Story: Bitcoin

Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

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In This Story: Brian Cheung

Brian Cheung is an on-air reporter covering the Federal Reserve, economics, and banking for Yahoo Finance. He previously wrote for S&P Global Market Intelligence and, prior to that, worked at the Federal Reserve.

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In This Story: Ethereum

Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Amongst cryptocurrencies, Ether is second only to Bitcoin in market capitalization. Ethereum was conceived in 2013 by programmer Vitalik Buterin.

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In This Story: Solana

Solana is a public blockchain platform. It achieves consensus using proof of stake and proof of history. Its internal cryptocurrency is SOL. Bloomberg considers Solana to be “a potential long-term rival for Ethereum”. Like Ethereum, Solana can run smart contracts.

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