cryptocurrency

Representation of the $Trump meme coin together with Bitcoin and crypto coins, seen in this photo illustration.

Viewpoint: How would Trump’s crypto reserve work?

Once a crypto skeptic, President Donald Trump has become an enthusiastic supporter of the industry. His media company began investing in crypto years ago, and on the campaign trail, he pledged to reverse the Biden administration's tough regulatory approach. Trump also proposed creating a national Bitcoin stockpile, and his recent announcement of a “strategic crypto reserve” showed his continued commitment to this idea, as well as his indifference to perceptions of conflicts of interest. We asked Eurasia Group expert Babak Minovi how a “strategic crypto reserve” would work.

The Graphic Truth: Crypto's annus horribilis

The Graphic Truth: Crypto's annus horribilis

Crypto bros can't wait for 2022 to be over. The year kicked off with cryptocurrencies riding the wave of the global post-pandemic economic boom. But then Russia's war in Ukraine upended global markets and worsening inflation prompted central banks to start hiking rates, which slashed investors' appetite for risk. What's more, a string of scandals — mainly the collapses of the TerraUSD stable coin and the FTX crypto exchange — undermined overall trust in crypto, leading to the worst annual performance in the industry's history. We track how Bitcoin and Ethereum, which together accounts for more than half of global crypto transactions, have traded since the beginning of the year.