Langgam Pos - On July 30, 2024, Bitcoin (BTC), the cryptocurrency with the largest market capitalization, saw a slight decline. Over the past 24 hours, Bitcoin fell by 1.24%, and over the past week, it decreased by 0.64%.
The price of Bitcoin currently stands at USD 67,254, which is approximately IDR 1.09 billion, assuming an exchange rate of IDR 16,297 per USD.
Ethereum (ETH) showed some resilience with a 2.53% daily increase, although it has decreased by 3.15% over the week. ETH is now priced at IDR 54.4 million per coin.
Binance Coin (BNB) continued to weaken, dropping 0.74% in the last 24 hours and 2.29% over the past week. This places BNB at IDR 9.42 million per coin.
Cardano (ADA) is in the green zone, gaining a marginal 0.02% in the last day, but still down 4.97% weekly. ADA is now at IDR 6,624 per coin.
Solana (SOL) experienced an uptick, with a 0.36% daily increase and a 3.10% weekly rise, bringing its price to IDR 3 million per coin.
XRP also showed some improvement, rising 0.49% in 24 hours, but down 0.88% over the week. XRP is currently priced at IDR 9,835 per coin.
Meme coin Dogecoin (DOGE) continued its decline, with a 0.16% drop in the last day and a significant 7.02% decrease over the week. DOGE is trading at IDR 2,100 per token.
Stablecoins Tether (USDT) and USD Coin (USDC) both saw a slight increase of 0.01%, maintaining their value at USD 1.00.
Binance USD (BUSD) also saw a minor increase of 0.01% in the last 24 hours, keeping its price at USD 1.00.
Overall, the total cryptocurrency market capitalization today is USD 2.41 trillion, a decline of approximately 0.30% in the past day.
University of Wyoming Launches Bitcoin Research Institute
The University of Wyoming is set to launch its Bitcoin Research Institute in August. This new institute aims to provide high-quality studies and reviews on Bitcoin.
Bradley Rettler, a Bitcoin activist and professor at the University of Wyoming, announced the new institution on X on July 28. He will serve as the director of the institute.
Rettler highlighted the current state of Bitcoin research as inadequate and emphasized the need for more high-quality publications and reviews to ensure accurate information about Bitcoin and its functionality.
He referenced a 2018 study led by Professor Camilo Mora from the University of Hawaii, which claimed Bitcoin emissions could raise global temperatures by up to 3.6°F (2°C) by 2048.
“These errors have seeped into journalism and policy. Bitcoin encompasses many theoretical and practical aspects. Journalists cannot be experts and rely on academics, but many academics have been disappointing,” Rettler stated, as quoted by Cointelegraph on July 30, 2024.
Andrew M. Bailey, author of “Resistance Money: A Philosophical Case for Bitcoin,” is among the professors at the institute. Rettler is also listed as a co-author of the book.
The Bitcoin Research Institute will officially open in August, coinciding with the start of the Fall semester for 2024-2025.
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