The SQUID token skyrocketed to a high of $2,861.80 before plunging to zero around 5:40 a.m. Monday. The meme coin's market capitalization hit an estimated $2.2 million, according to CoinMarketCap.
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Shortly after Bitcoin’s latest all-time high, Ethereum marked its own new all-time high last month when its price went over $4,400.
However, in the wake of the technical issues, the DeFi protocol has met its share of criticisms and FUD. Some Twitter users have even accused SafeMoon of scamming its users.
Both ideas are about making a few people rich, not about building a decentralised paradise where everyone prospers
Using data from a prominent blockchain research firm, Coinmetrics.io, we explore the relationship between prices, computing power (measured by the hashrate), and network (measured by the number of unique active users). We focus on five major mineable cryptocurrencies (i.e. Bitcoin, Ethereum, Monero, Litecoin, and Dash). In some of our test, we expand our data to include an additional 33 cryptocurrencies. Our sample period spans from 7 August 2015 to 25 January 2019.
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If you don’t currently have a wallet, you can download the MetaMask or Trust Wallet browser extensions to get started. These browser extensions give you password-protected access and control over all your tokens.
The project is aimed at bringing about a monetary revolution that will in turn lead to financial inclusion. 4JNET puts early and late investors on a level playing field, affording every investor the chance to make massive profits from their investments. The encrypted token is structured in a way that rewards long-term holders who are in it for the long run. This enables them to achieve their financial goals through the gains realized from investing in 4JNET.
Ethereum gained 3.85% to $4,720 and Dogecoin was trading 9.73% higher at $0.2858. Digital token Stellar climbed 3.72% to $0.3733 and XRP zoomed 8.05% to $1.26.
That was something similar that happened with Squid Game - but that does not necessarily mean DogeZilla is scam.
It follows recent crashes brought on by Tesla making a u-turn on accepting Bitcoin as payment for its products and China clamping down on initial coin offerings, block exchanges and warned against speculative trading.
“One of our institutional traders indicated to us that they had a bug in their trading algorithm, which appears to have caused the sell-off,” Binance.US said in the statement. “We are continuing to look into the event, but understand from the trader that they have now fixed their bug and that the issue appears to have been resolved.”
While no official announcement by either of the companies in question has been made in regards to a partnership, social media is full of users waiting for the statement.
“Where digital assets land, at the end of the day … will be driven in part by regulation, both domestic and international,” Former SEC Chairman Jay Clayton recently told CNBC.
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