Bittime - The crypto world is fast-paced and full of the latest developments. Let's take a look at today's headlines to help you stay on top of the latest trends and events.
Bitcoin (BTC) Experiences Minor Correction
Bitcoin (BTC) is undergoing a minor correction, dropping back below the $67,000 level. According to OKEx market data, BTC is currently trading at $66,570.4 USDT, reflecting a 1.6% decline on the day.
Check Today's Crypto Market:
| BTC/IDR | SOL/IDR |
| ETH/IDR | USDT/IDR |
| DOGE/IDR | ARB/IDR |
Binance Stops Support for Bitcoin NFTs
Despite the recent increase in interest, Binance has announced ending their support for Bitcoin NFTs .
Tether Issues Additional USDT on Ethereum
Tether, the world's most popular USDT stablecoin issuer, has minted an additional 1 billion USDT on the Ethereum blockchain. It is important to note that this is an authorized reserve but has not yet been published.
Essentially, this additional issuance will be used to meet future USDT demand and maintain inventory for cross-chain exchanges, according to Tether CEO Paolo Ardoino.
Also read: Tether Adds Supply of 1 Billion USDT to Ethereum, Reserves for the Future
Regulatory Developments in the Crypto World
- Binance Tightens Security: In response to ongoing regulatory scrutiny, Binance is reportedly implementing stricter security standards.
- Paraguay Considering Temporary Crypto Mining Ban: The South American country is considering a temporary ban on cryptocurrency mining due to concerns of illegal mining operations straining the national power grid.
- South Korea Tightens Crypto Exchange Listings: Regulatory authorities in South Korea are expected to implement stricter guidelines for cryptocurrency exchange listings.
- Sony Bank to Experiment with Stablecoins on Polygon: According to reports, Sony Bank plans to conduct trials using stablecoins on the Polygon network.
Ethena Lab Strengthens Stablecoin
Ethena Labs is reportedly looking to strengthen its USDe stablecoin by merging Bitcoin, potentially increasing its scalability.
Also Read How To Buy Crypto:
EOS Drops Out of Top 100 Cryptos by Market Capitalization
EOS has experienced a significant decline in market capitalization, falling out of the top 100 cryptocurrencies according to Coingecko data. EOS is currently ranked 101st, likely due to the launch of the Wormhole (W) token. W, with a market capitalization of US$1.9 billion, currently sits in 66th place.
Ethereum (ETH) Falls against Bitcoin (BTC)
The price of Ethereum (ETH) is experiencing a decline against Bitcoin (BTC). According to OKEx data, the ETH/BTC exchange rate has fallen below 0.05, indicating an intraday decline of 2.41%.
Binance Announces New Listing and Trading Robot Service
Binance has made two interesting announcements. First, they will enter the USDT/MXN (Mexican Peso) trading pair into their spot market starting April 10, 2024 at 08.00 WIB. Second, Binance will launch an algorithmic spot order trading robot service along with the new listing.
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Dear Beli Crypto from Bittime
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To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
EOS Displaced from Top 100 Cryptocurrencies, Wormhole (W) Rises Rapidly
Sony Bank Trials Fiat-Based Stablecoin on Polygon Network
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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