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 10, 2024.
Crypto Market Turns Green Again
After several days of decline, the crypto market is showing a positive trend again. Bitcoin (BTC) jumped 3.45% in the last 24 hours, breaking through the $63,150 level. Similar increases were also experienced by other crypto assets, such as Ethereum (ETH) and Solana (SOL).
Although the market is still characterized by volatility, some analysts predict an upward trend in the long term. This is driven by various factors, such as the increasing adoption of crypto by institutions and retail investors, as well as the rapid development of blockchain technology.
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Crypto Law Updates in Several Countries
The Indian government is reportedly strengthening regulations regarding crypto. The proposed new draft law would prohibit the use of crypto as a means of payment and impose a 30% income tax on profits from crypto trading.
Meanwhile, the United States Securities and Exchange Commission (SEC) is considering new rules to regulate stablecoins. This was done to address concerns about the stability and potential abuse of stablecoins.
Crypto crimes are still rampant
DeFi (Decentralized Finance) platforms have again become easy targets for hackers. Recently, a DeFi platform called Helio experienced a hack that resulted in a loss of around $13 million.
Apart from hacker attacks, fraud under the guise of crypto investment is still widespread. Fraudsters promise high profits with little capital, but in the end the victims lose their money.
This hacking and fraud incident is a reminder of the importance of cyber security and education in the crypto world. Users must always be careful in protecting digital assets. Make sure to always do in-depth research before investing and don't be easily tempted by the promise of unrealistic profits.
Also Read: Crypto Market Today 10 May 2024
Blast Launches Third Gold Distribution
Blast officially announced the launch of Gold Distribution 3. Through this program, Blast will send 15 million Gold coins to various DApps operating on their platform throughout this week.
Meanwhile, Thruster, one of the platforms based on the Blast ecosystem, announced that it had succeeded in becoming the protocol with the most Blast Gold Points for the second time.
As a form of appreciation to loyal users, Thruster will distribute a total of 2.7 million Blast Gold Points which will be distributed in stages.
Also Read How to Buy Crypto:
Harvest Plans to Open Hong Kong Bitcoin and Ethereum ETF in China
Harvest Global Investments, an investment management company from China that issued the first Bitcoin and Ethereum ETF products in Hong Kong, is considering strategic steps to open access to these investments to investors in China.
So far, investors in China have had limited access to crypto investment products. Most crypto-related commercial activities are prohibited in China, although individual ownership and trading of crypto remains a legal gray area.
However, this plan has challenges regarding investor confidence. The public is still skeptical about Hong Kong's status as a special administrative region. Its location in China makes some investors doubt Hong Kong's commitment to becoming a crypto center.
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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:
Thruster Distributes 2.7 Million Gold Points Blast to Its Users!
Harvest Plans to Open Hong Kong Bitcoin and Ethereum ETF in China
Delysium Extends AGI Token Lock Period One Day Before Token Unlock
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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