The cryptocurrency market continues to gain credibility and wider acceptance as more companies like Binance and Credencial Payments create solutions that simplify and promote the use of digital assets. The partnership between Binance Pay and Credencial Payments could further bolster the rise of cryptocurrencies, particularly in Latin America, a region that has shown increasing interest in digital assets. This is a further step in our ongoing efforts to promote the global adoption of cryptocurrencies in a tangible way, bringing them closer to everyday life." Thanks to this partnership, users will be able to use Binance Pay to pay with the cryptocurrency of their choice. "Payments are one of the first use cases of cryptocurrencies, and we believe there is considerable room for growth in their adoption. The SEC’s goal with this lawsuit is to stop Binance and Binance.US from violating federal law and to bar Zhao and Binance at large from issuing any more of what the SEC considers securities. "Binance Pay partnering with Credencial Payments is a concrete action towards mainstreaming cryptocurrency use," said Maximiliano Hinz, Binance's Director for LATAM Southern Cone. It presents a significant step towards making cryptocurrency more accessible and usable in everyday life. This alliance comes amidst the growing prominence of digital assets and the increasing adoption of cryptocurrency worldwide. This collaboration will enable merchants to accept Binance Pay as a new payment method, thereby significantly expanding the use of cryptocurrency in the region.Ĭredencial Payments will allow customers to pay with cryptocurrency in real time, both physically and via e-commerce platforms, facilitating the conversion to local currency. The recent price action in Binance Coin left the tokens market capitalization at 41,301,764,454.29. As the difficulty level rises, the chances of a miner securing an entire block on the blockchain decreases.In a strategic alliance aiming to revolutionize the digital payment landscape, Binance Pay, the digital payment platform of the world's largest crypto exchange, Binance, has partnered with Latin American (LATAM) company Credencial Payments. The Binance Coin price is 265.00, a change of -3.33 over the past 24 hours as of 12:04 p.m. Miners are rewarded with Bitcoin for successfully validating transactions on the network. The mining difficulty of Bitcoin tends to increase when there is a greater number of miners participating in the network, resulting in heightened competition.
That follows a 3.22% rise in the previous adjustment on May 18, according to this data from BTC.com. The mining difficulty reading came in at 51.23 trillion at block height 792,288 in the latest adjustment.
A higher difficulty reading indicates a more competitive mining environment for Bitcoin resulting in reduced profitability for miners. The difficulty level of Bitcoin adjusts approximately every two weeks and serves as a measure of the increased computing power required by miners to verify transactions on a block. That was an increase from the 365.1 exahashes recorded during the last adjustment on May 18, data from shows.Ĭonsequently, the mining difficulty experienced a 3.4% increase, reaching an all-time high. Bitcoin’s mining hashrate ( measure of the computational power on a blockchain network) was at around 375 exahashes per second on May 31 2023. This development comes as the hashrate and mining difficulty continues to increase on the network. Transactions on the Bitcoin Network (Monthly) Ethereum NFTs generated $397 million in gross salesĭata provided by The Block Research indicates a substantial increase in transaction activity on the Bitcoin network during May 2023, with a total of 16.9 million transactions recorded for the month.During the 30-day period, the NFTs generated:
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