Bitcoin price today 8/7 increased sharply, leading to the increase in the price of many other currencies. The US has just proposed a new international legal framework.
Bitcoin price increased sharply today, dragging the growth of the entire market.
Bitcoin price today recorded at 6:37 am at 21,692.46 USD, an increase of 5.36% compared to 24 hours ago.
In the market, there are 90/100 coins that have increased in price compared to 24 hours ago.
The strongest gain in the market belonged to Storj, up 13.04%.
In contrast, the downside saw Maker have the highest rate of decline of 1.23% on the day.
Among the top 10 coins by market value, 8 out of 10 coins have increased in price compared to 24 hours ago.
Ethereum is up 3.71% from 24 hours ago, to $1,236.96.
Tether is slightly up 0.03%, recorded at $0.9994.
USD Coin holds at 1.00 USD.
BNB is up slightly 1.00% on the day, to $241.81.
Binance USD decreased slightly by 0.03%, to 1.00 USD.
Ripple is up 3.13% over the past 24 hours, to $0.3428.
Cardano surged 3.58% on the day, reaching $0.4788.
Solana rose to $38.43, 3.1% higher than 24 hours ago.
Dogecoin rose 2.65%, to $0.07071.
The total cryptocurrency market value recorded at 6:40 am at $958.98 billion, up $35.21 billion from 24 hours ago.
The 24-hour trading volume on the market was recorded at 59.25 billion USD, 0.15% higher than on 7/7.
US Department of Treasury develops “legal framework” for international digital currency regulation
The US Treasury Department published a specialized study on July 7 outlining what it can do with an international regulator to regulate digital currencies.
Thematic study posted by the department at the behest of President Joe Biden on cryptocurrencies. This regulatory framework is in place “to ensure that core American values are respected,” including consumer, investor and business protection, the safety of the global financial system, and the ability to combined operation.
Accordingly, the policy objectives of this regulatory framework also include reducing the use of digital currencies for illicit finance, increasing access to financial services, supporting technology development, and “strengthening the use of digital currencies.” America’s leadership in the global financial system”.
“The United States must continue to work with international partners to develop standards for digital payment architectures and CBDCs to reduce payment shortfalls and ensure any new payment systems are compliant. comply with the legal and value requirements of the United States,” the study stated.
Reddit Announces New Blockchain “Collectionable Avatar”
The content aggregator, rating and discussion website Reddit announced a new blockchain avatar system on July 7. Although there is no official date announced, the company hinted that the avatar will be announced in the next few weeks. Currently, Reddit is giving early access to a limited number of members to participate in the r/CollectibleAvatars community.
Collectible Avatars is a limited edition art collection created by various independent animators who are users of the Reddit website. The new avatar can be purchased with fiat currency, but the announcement states that the work will be stored on the Polygon blockchain. Additionally, Collectible Avatar is managed via Vault, Reddit’s blockchain wallet that operates on an Ethereum-compatible chain.
The proceeds from the sale of the work will be divided among the creators, and the secondary exchange will also have to pay royalties to the creators.
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