Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Bitcoin has made a new all-time high against the euro at 60,000 euros per coin, with the Mexican peso being its next target. Coinbase has introduced embedded smart contracts for developers — a move it says will address devs’ pain points when building Web3 applications. Meanwhile, crypto traders in Nigeria are up in arms after Binance removed the Nigerian naira from its peer-to-peer (P2P) service.
Bitcoin passes new all-time high in euros
BTC $66,707 has passed a new all-time high against the euro as the cryptocurrency’s price reached a new multiyear high of $65,000.
According to data from TradingView, Bitcoin touched 60,393 euros at 8:30 am UTC, surging about 5% from its intraday low of 57,521 euros. At the time of writing, Bitcoin is trading at 59,981 euros, up around 56% year-to-date.
River Intelligence marketing head Sam Wouters said the Mexican peso is the next most ambitious target for Bitcoin to smash. According to data from Xe.com, BTC is trading at 1.1 million pesos at the time of writing, down about 24% from its previous high of roughly 1.4 million pesos set in November 2021.
Coinbase expands wallet-as-a-service offerings
Crypto exchange Coinbase has introduced embedded smart wallets for developers, allowing better integration across Ethereum Virtual Machine (EVM) applications.
According to the announcement, the exchange’s new smart wallet solutions allow users to take their crypto balances with them across different EVM-compatible applications integrated with the Coinbase Wallet SDK. The embedded wallet feature allows developers to incorporate noncustodial white-labeled wallets into their applications.
We’ve learned a lot from our customers in the past year, and we’ve been working a lot to improve the product experience of all of the services, and where we’ve arrived at is the Embedded Wallets. So, it’s been really a continuous effort for the past year,” Yuga Cohler, senior engineering manager at Coinbase Embedded Wallets, told Cointelegraph in an interview.
The solutions expand on Coinbase’s wallet-as-a-service product line, which allows developers to integrate crypto wallets into their own applications without having to create new technology.
Binance drops naira from P2P platform
Cryptocurrency trading platform Binance has removed the Nigerian naira from its P2P service following claims from the government that the platform was contributing to the devaluation of the currency.
Presidential adviser Bayo Onanuga said Binance would destroy the Nigerian economy if not stopped because it arbitrarily fixes foreign exchange rates.
The P2P feature allows users, buyers and sellers to trade without involving a third party. It became popular in Nigeria in 2021 following the government’s ban on the country’s thriving crypto industry during former President Muhammadu Buhari’s administration.
