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The bullish rise and increased confidence in Bitcoin will likely see it remain at prices fluctuating between $60,000 and $70,000 but with increased resistance as it looks toward a $100,000 price prediction in 2022.
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Bitfury has appointed former Binance US boss Brian Brooks as CEO. Former financial regulators are in control of one of the world’s largest crypto mining outfits when the industry is booming.
This happens when the promoter of a digital token draws in buyers, stops trading activity and makes off with the money raised from sales.
WASHINGTON (AP) — Federal regulators have accused a group of people of promoting a securities offering tied to digital currency that raised over $2 billion from retail investors without being properly registered.
Mistakes like this happen throughout finance when, for instance, traders mess up details of their intended trades, entering the wrong price or order size. An erroneously large trade, as one example, can overwhelm an exchange's order book, leading to a quick and massive decline. The entire U.S. stock market famously flash crashed back in May 2010, though equities have mostly avoided trouble since that era.
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Now the country’s central bank, People’s Bank of China, has effectively banned digital coins after announcing all transactions of cryptocurrencies are illegal.
This makes it so anyone accessing your account will also have to provide a one-time code even if they have your email and password.
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Cryptocurrencies either have a limited or predetermined coin supply—although, with over 2,500 cryptos listed on hundreds of online exchanges, a number which is sure to increase over the coming years, it’s hard to generalise.
According to an article in yesterday’s New York Times (NYT), Brian Brooks departed the CEO position at Binance.US when a $100 million venture capital funding fell through. He’d been in the position for just over three months.
If you already have a wallet on the Binance Smart Chain, getting Safemoon is as simple as exchanging it for any other token in your wallet on a decentralized exchange (DEX) such as PancakeSwap.
Cryptocurrency market is down 2.24% on the last 24 hours (2.15pm, Thursday 11 November).
So, if you’d like to begin trading cryptocurrency today, we’d recommend using eToro. Although eToro doesn’t currently offer Safemoon, the platform does provide a massive selection of alternative cryptos to invest in. What’s more, all investments are commission-free, meaning you save large amounts of money in the long term.
When the coin gets accepted the way Dogecoin and Shiba Inu have, SafeMoon’s price could propel to new highs. It’s only a matter of time for that to happen and won’t take too long to get there.
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