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SHIBA INU (SHIB) rose above the downtrend line on Nov. 9 but the bulls could not sustain the higher levels. This shows that every rise is being sold by the bears.
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Cryptocurrencies work using a technology called blockchain. They are tokens that can be used as a form of payment in exchange for online goods and services. They carry a pre-determined store value of their own, just like any other fiat currency like the US dollar or the Indian rupee. Cryptocurrencies are digitally mined, where very sophisticated computers solve extremely complex computational mathematics problems. Their mining is painstaking, costly and only sporadically rewarding.
Cryptocurrency is an asset that can be exchange for goods and services, much like normal money.
“This is because if the bill passes, exchanges will have to issue 1099-B tax forms with cost basis information to investors,” Shehan Chandrasekera, CPA, head of tax strategy at CoinTracker.io, a crypto tax software company, recently told NextAdvisor. “This will significantly reduce the crypto tax filing burden.”
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There is a lot of volatility in the cryptocurrency space due to the industry’s newness. Investors are seeking to experiment with their money to generate riches quickly and figure out how cryptocurrency prices vary and whether they can affect them.
While Digitalcoinprice expects it to reach $0.0000056193 this year and $0.0000166265 in 2028.
Cryptocurrencies’ finite supply makes them inherently deflationary, more akin to gold and other precious metals — of which there are finite supplies — than fiat currencies that central banks can, in theory, produce unlimited supplies of.
Safemoon is a cryptocurrency token that was launched in March 2021. The token is housed on the Binance Smart Chain (BSC), a blockchain developed by Binance that runs parallel to the traditional Binance Chain (BC). The difference between the two is that Binance Smart Chain has smart contract functionality, opening up many avenues for decentralised applications (dApps) to be constructed.
What Happened: According to Binance U.S. market data, the Bitcoin to the U.S. dollar trading pair on Binance U.S. flash crashed within a minute from $65,815 to $8,200. This translates to a drop of 87% for the world's top cryptocurrency on the exchange according to cited market data.
The wave of job changes dubbed the Great Resignation includes top tech and media leaders. Executives who have left roles at Intel, SoftBank, Facebook and crypto exchange Binance.US in the last year are among those on the move.
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If the price turns down from the resistance line of the channel, the pair could drop to the support line. This is an important level to keep an eye on because a break below it will suggest a possible change in the short-term trend.
This app worked amazing and was very useful until 2 updates ago….after the second to last update my watch lists stopped showing up correctly. Only some coins show up in my watch lists. It says 14 are in the list but only one show up and I can’t add them back again. Figured maybe it was a glitchy update so I just waited for the next one but I just updated it again and it’s still like that. Makes the app useless to keep my lists, so frustrating because it was a very useful app when it worked. Btw I’m using an updated iPhone if devs are wondering. Would update to 5 stars if it actually worked because it WAS useful Edit: just uninstalled and redownloaded after the most recent update and it’s working again. Didn’t work last time so I guess the update did fix it. Back to 5 stars the app is useful Developer Response ,