Tether and other cryptocurrencies: This is what they are worth

the Cryptocurrencies It is an innovative digital asset that has seen tremendous growth recently due to many factors that contribute to it, including that some governments have decided to give it a chance. Opportunity as a legal currencyHowever, they have also suffered setbacks that have called their viability into question, such as the 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 buying in cryptocurrencies It’s easier than it sounds. And we must remember that these are virtual currencies, so they will be controlled by 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 present time.

he Bitcoin It is trading today at $59,889.53, which means a change of 1.69% in the last few hours.

The second most popular cryptocurrency on the market, Ethereumshowed a movement of 2.11% in the last 24 hours, thus its value is at $2,647.97.

on Connecting the United StatesIt is trading at $1, so the movement in the last day was -0.03%.

For her part, BNP Bank At $537.84, a change of 3.44%, while Litecoin It does the same with $67.69 after a 1.68% difference.

Finally, DogecoinIt is one of the digital currencies promoted by Elon Musk himself, with a value of $0.1 after it showed a change of 2.6% during 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 The differences were “controlled” as prices did not rise as dramatically as they had in previous weeks. For example, in early August, the rate of change for these cryptocurrencies was less than 2%.

On the other hand, what 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 happen.

Additionally, digital transaction platform PayPal has announced its own stablecoin called PayPal US Dollar (PYUSD)backed by dollar deposits, short-term U.S. Treasury securities and similar assets.

The organization said in its statement that it will allow money transfers to third-party digital wallets and will provide details on how its service will be integrated into Centralized and decentralized exchangesIt is intended to be used in decentralized finance (DeFi). Therefore, it is likely to be widely used in the Web3 industry.

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

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

In Mexico, businessman Ricardo Salinas Plegó, one of the country’s richest people, has shown interest in cryptocurrencies and has confirmed that many of his businesses will accept Bitcoin in the future, including his bank; currently, one of its most popular stores already does so.

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

Cryptocurrencies in ColombiaThe South American country has more than 500 locations where cryptocurrency payments are allowed. Colombia ranks 14th out of 26 crypto-friendly countries, according to Finder.

Cryptocurrencies in Central America: In government El Salvadorgave 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 create the first Bitcoin city in Conchagua, which will be financed through tokenized bonds backed by Bitcoin.

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

According to Binance, to create a cryptocurrency you need a large team of Developers and ExpertsWhile technical knowledge of the symbols is required, they can be created in minutes using other tools. Blockchains Like Ethereum or BNB, which are the most popular.

The costs of creation, 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 Set the code To create tokens or pay for using the coin generation service.

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

If you choose to create a cryptocurrency, you must choose a blockchain, and then you must make a plan according to the operation and function of the blockchain to design the blockchain. Contract and interface.