Bittime - The crypto industry continues to grow, especially with many new projects emerging. So, market trends continue to shift. To be able to survive amidst crypto developments, information about crypto is very important. The following are highlights of today's crypto news, May 6, 2024.
Bitcoin and Ethereum Price Increase
The crypto market is showing a positive trend today with Bitcoin (BTC) and Ethereum (ETH) prices rising. Bitcoin (BTC) managed to break through the $65,000 price level. When this article was written, the price of BTC was observed to have increased by 2.25 percent in 24 hours and was trading at IDR 1,045,583,013 or around $65,292.
Meanwhile, Ethereum (ETH) managed to break through the $3,200 price level. When this article was written, the price of ETH was observed to have increased by 1.69 percent in 24 hours and was trading at IDR 51,316,466 or around $3,204.
Check Today's Crypto Market:
Mining Bitcoins
CryptoQuant CEO, Ki Young Ju, expressed his opinion when looking at the current conditions of the crypto market. According to him, the price of Bitcoin (BTC) needs to stay above $80,000 for mining activities to remain profitable after the Bitcoin halving event.
Crypto Laws in South Korea
South Korea plans to limit the use of crypto assets such as Bitcoin for donation activities. Starting July 2024, donors in South Korea will still be able to make donations to charities or non-profit organizations using various methods other than crypto assets.
Some of the new methods authorized in the amendment are department store gift certificates, shares, and Naver (a leading internet company in South Korea) loyalty points.
Also Read How to Buy Crypto:
Crypto Security
A trio of crypto security champions will unite! XLink, a subsidiary of ALEX known as a full-chain intent-based Bitcoin liquidity network, will be the one to utilize Cobo and Coincover security technology.
As a leading provider of digital asset storage solutions, Cobo will present advanced MPC (Multi-Party Computation) custody technology. This technology allows private keys to be shared securely between multiple parties so that no one party can access the user's full assets.
Meanwhile, Coincover will provide qualified disaster recovery services. With this service, XLink can ensure operational continuity and protect user assets from various unexpected incidents, such as natural disasters or technical disruptions.
Check Crypto Prices Today:
How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
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:
Bitcoin Must Be Above $80,000 for Mining to Remain Profitable
Cobo, Coincover and XLink Collaborate, Enhance Bitcoin Security in DeFi
South Korea Restricts Use of Crypto for Donations, There's a New Legal Method!
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.
Comments
0 comments
Please sign in to leave a comment.