Ethereum (ETH) hits a new all-time high above $3.300, making Vitalik Buterin the youngest billionaire in the cryptocurrency industry. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Cryptocurrencies and altcoins
📍Ethereum (ETH) surprised all its hodlers, including Vitalik Buterin, with extraordinary gains after its price exceeded $3.330 on the markets. This Monday, the price of ether grew by more than 12%, reaching a new historical maximum of $3.333 per unit.
The extraordinary growth that this has had cryptocurrency In the last two weeks, which exceeds 50%, has made its hodler double their profits and, to Vitalik Buterin, co-founder and developer of this blockchain, becoming one of the youngest billionaires in the crypto industry, with a capital of more than 1.000 billion dollars. Buterin revealed in 2018 his main ether address, where he holds 333.521 ETH, valued at $1.116 billion today.
📍 The market of Dogecoin (DOGE) wakes up after several days away from the show. With a growth of more than 13% in the last hours, the meme cryptocurrency is positioned in the fifth place among the most important cryptocurrencies in the market, surpassing the capitalization of Tether (USDT), The stablecoin most transacted and used in the industry.
This Monday, DOGE reached a value of $0,43 after being listed on a new crypto exchange platform. DOGE’s market cap currently stands at $52.000 billion, displacing USDT by almost $9.000 billion.
📍Meanwhile, the price of Bitcoin (BTC), the market-leading cryptocurrency, is still trading below $60.000. However, BTC started this month with a significant recovery after the drop in value at the end of April, which brought its price to trade below $47.000.
Although analysts expect the bearish trend to continue in the short term, May is just beginning and there is still much to see in the market. Analysts from major asset management firms such as Grayscale and Amber Group believe that Bitcoin's long-term bullish trend will continue as more institutional advisors continue to recommend BTC in the portfolios of large companies and organizations.
At the time of this writing, BTC is worth $57.000.
Bitcoin and Blockchain Adoption
📍On CNBC, Ebay CEO Jamie Iannone, manifested that the online market is considering exploring new options in the cryptocurrency industry. Iannone noted that cryptocurrency payments and non-fungible tokens (NFTs) may be exploredNFT).
📍CME Group, the world's largest derivatives exchange, opens Bitcoin micro futures, announced at the end of March. The company reported that this is a way to expand its offering of derivative products, in addition to continuing to drive the adoption of cryptocurrencies in the world.
📍Digital Currency Group (DCG), array of Grayscale Investments, reported which will increase the purchase of Grayscale Bitcoin Trust (GBTC) shares to a total of $750 million. The company is expanding its GBTC purchase limit by an additional $500 million from the initial $250 million.
DCG also said it had invested a total of $20 million in GBTC stock purchases as of April 193,5, and plans to use its excess cash to purchase more shares in the future.
📍The company Mogo Inc.Vancouver-based cryptocurrency exchange revealed that it has invested nearly $405.000 in purchasing 146 ETH. Spanish President Pedro Sánchez’s announcement The company's statement reveals that the 146 ETH were acquired at a price of $2.780, so the company already has a profit of $80.000.
Mogo is determined to diversify its balance sheet by integrating the most popular cryptocurrencies on the market and with great future potential. Previously, this company reported an investment of almost $600.000 for the purchase of 18 BTC, when the price of this cryptocurrency was around $33.000 per unit. In the statement, the firm said that plans to invest up to 5% of the value of its investment portfolio and cash in cryptocurrencies.
Miners
📍As shown by the data According to The Block, Bitcoin miners, the most powerful and robust network in the world, earn more than $2 million per hour. The provider's data indicates that daily earnings of BTC miners are in the order of $53 million/day, which leaves an income of $2,2 million/hour.
The most profitable month for Bitcoin mining so far has been March, with a Peak income of $1.750 billion. Despite being a bad month for the cryptocurrency, which fell to $47.000, April ended with profits of $1.700 billion for the network's miners.
Rules and Regulations
📍In Thailand, a local media outlet reports that the country's government plans to implement, starting next September, strict rules to control and slow down the opening of new cryptocurrency and digital asset accounts. According to the report, cryptocurrency exchanges and trading houses operating in Thailand must implement registration and identity verification forms for all customers and users, through "dip-chip" devices, which require the physical presence of customers when opening their accounts.
Future Anti-Money Laundering Office (AMLO) requirements will be added to the KYC requirements mandated by the SEC. In addition, exchanges must report any cryptocurrency transactions exceeding 1,8 million baht, equivalent to approximately 57.800 US dollars.
IMPORTANT: Bit2Me News reminds you that before making an investment you must educate yourself and know where you invest your money, as well as the pros and cons of the system. Everything written here is for informational and educational purposes and should not, under any circumstances, be taken as investment advice or recommendations. We separate ourselves from the actions and consequences that ignorance may entail. If you decide to invest in this or another asset class, you are solely responsible for the consequences that your decisions and actions may have.
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