How the cryptocurrency market works and what is its value on January 14

the Digital currencies It is an innovative digital asset that has seen tremendous growth in recent times due to many factors that have contributed to it, including the fact that some governments have decided to give it a chance. Opportunity as legal tender; However, they have also suffered setbacks that have called into question their viability, such as a recent episode known as the “Crypto Winter.”

Despite this panorama, more and more people are starting to acquire cryptocurrencies so that they can invest in something “safe” and “reliable” in the short and long term, despite the extreme levels of volatility they constantly experience.

but, Investing or purchasing in cryptocurrencies It is easier than it seems. It must be remembered that these are virtual currencies, so they will be controlled in wallets or wallets that share this privacy, because unlike regular money, they do not have a physical backing.

This is the price of the most prominent digital currencies at the moment.

he Bitcoin Today it is trading at $42,888.77, which means a change of 0.08% in the last few hours.

The second most popular digital currency on the market, Ethereumshowed a movement of 0.39% in the last 24 hours, so its value lies at $2,534.42.

on Connect usit is trading at $1, so in the last day it had a movement of 0.01%.

For this part, BNB Bank With a value of $304.87, a change of 2.78%, while Litecoin It does the same with $71.41 after a difference of -2.04%.

Finally, the DogecoinIt is one of the digital currencies promoted by Elon Musk himself, and its value is $0.08 after providing a change of 3.11% in the past 24 hours.

After trying the call in May of last year “cryptocrash” or “cryptointer” Which revealed the huge fluctuations in these digital currencies, A new period of relative stability has arrived.

Bitcoin, Ethereum and BNB It showed “controlled” differences since prices did not rise as dramatically as in previous weeks. For example, in early August, the above change was less than 2%.

On the other hand, the thing that is attracting attention in the world of cryptocurrencies is that China is easing its restrictions and could start allowing their use. Specifically, Hong Kong will be the place where this change will occur.

PayPal, widely known for its digital transactions, has announced its own stablecoin called… PayPal US Dollar (PYUSD)backed by dollar deposits, short-term US Treasury bonds, and similar assets.

The company said in its statement that it will allow the transfer of funds to third-party digital wallets and will provide details on how its service will be integrated into Centralized and decentralized exchangesWith the aim of using it in decentralized finance (DeFi). Therefore, it can be widely used in the Web3 industry.

Cryptocurrencies in Argentina: Although cryptocurrencies are illegal in Argentina, their popularity has grown after decades of financial instability that citizens have had to face, becoming one of the Latin American countries with the largest number of cryptocurrencies. Along these lines, President Alberto Fernández proposed using it to combat inflation.

In addition to Bitcoin, another of the most popular cryptocurrencies is LUNA, a token that is traded in the Terra system and can be purchased on the Tienda Crypto platform. This cryptocurrency managed to reach a historical high of $119.18.

Cryptocurrencies in Mexico: The Bank of Mexico (Banxico) has decided that none of the institutions participating in the national financial system may use or permit operations of any kind through this means of payment.

However, a study conducted by Finder in 2022 showed that in the country there are about 12 million Mexicans who own cryptocurrencies, of which 59% are men and 41% are women.

In Mexican territory, businessman Ricardo Salinas Plego, one of the richest people in the country, has shown interest in cryptocurrencies and confirmed that many of his companies will accept Bitcoin in the future, including his bank; So far, one of its most popular stores is already doing just that.

Cryptocurrencies in Peru: The Central Reserve Bank of Peru (BCR) has made clear that its mission is not to be the first or second central bank to regulate the use of cryptocurrencies, due to the instability that characterizes them. But a few days ago, the president of BCR confirmed that BCR is working on its own digital currency project.

Cryptocurrencies in Colombia: The South American country has more than 500 places where payments in cryptocurrencies are allowed. Colombia ranks 14th out of 26 countries adopting cryptocurrencies, according to the Finder report.

Cryptocurrencies in Central America: In government SaviorHe granted him his confidence on June 9, 2021 Became the first country to legalize Bitcoin As legal tender. In addition, President Nayib Bukele announced his intention to establish the first Bitcoin City in Conchagua which will be financed through token bonds backed by Bitcoin.

When creating a cryptocurrency, it is important to first decide what you want to get: Coin or token. The first uses its own blockchain, while the second relies on a pre-existing network.

According to the Binance website, to create a cryptocurrency you need a large team of… Developers and experts; While technical knowledge of the codes is required, they can be created in minutes through the use of other tools Block chains Such as Ethereum or BNB, which are the most famous.

The creation costs, time required, and labor usage will depend on whether you choose to create a virtual currency or a token. In the latter case, you can also use a Applicable code To create tokens or pay to use the coin generation service.

It is important to know that before creating a cryptocurrency, its utility and legal status must be considered.

If choosing to create a cryptocurrency, a blockchain must be chosen, and then a plan must be made according to the operation and function of the blockchain to design the blockchain. Nodes and interface.

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