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Speculators in the crypto community continue to describe Brooks move as a stepdown, however, in terms of company size and brand awareness in the crypto space considering his office as CEO of Binance US previously.
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In June, the Chinese Government cracked down on considerable crypto mining operations taking place in the Sichuan province and demanded that Chinese banks and payment channels stop supporting decentralised and anonymous crypto transactions.
Former winners include musician Tamar Braxton and Broadway star Marissa Jaret Winokur
Elon Musk: Tesla 'most likely' to accept Bitcoin again following suspension over environmental concerns
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— “It has also notched some tangible, if fleeting, policy victories for Mr. Orban, including the withdrawal during the Trump administration of a State Department grant to nurture independent news media in Hungary and the securing of a long-coveted Oval Office meeting for Mr. Orban in 2019 with President Donald J. Trump.”
Overall, it appears from these results that cryptocurrencies may experience short term intervals of co-movement, caused by sector wide news or cross market contagion, though correlation is likely to change dependent on the nature of the causal event and market environment. In the medium and longer term Bitcoin and Litecoin are strongly related; it is believed this is due to their similarity.
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Musk’s influence cannot be underestimated as, even though the likes of PayPal, Mastercard and Facebook have backed cryptos, the Tesla announcement still rocked the market.
No trams on Corporation Street which has been left for four months without service
“They basically walked around showing people with Lambos and talking crap,” said Cora Harrison, a YouTube personal finance influencer. “It was just really random and not what you wanted to see from somebody to invest money with.”
Cryptocurrency prices can move in spectacular fashion, and there are a variety of triggers for such volatility. Here are a few of them:
There is not one single location for Wikipedia views data over the historical data interval required. Wikipedia views data from the start of 2015 onwards can be retrieved using the official mwviews python library which connects to Wikipedia’s pageview API. Previous historical data can be retrieved in one month buckets from a separate website (http://stats.grok.de). Data was programmatically retrieved here from both sources, and then merged to produce a single time series.
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While paying for things in cryptocurrencies doesn’t make sense for most people right now, more retailers accepting payments might change that landscape in the future. It’ll likely be much longer before it’ll be a smart financial decision to spend Bitcoin on goods or services, but further institutional adoption could bring about more use-cases for everyday users, and in turn, have an impact on crypto prices. Nothing is guaranteed, but if you buy cryptocurrency as a long-term store of value, the more “real world” uses it has, the more likely demand and value will increase.
The comparison of Binance vs Binance.US ultimately comes down to financial regulations in the United States.