The former head of the Office of the Comptroller of Currency (OCC), Brian Brooks, resigned as CEO of Binance.US last week, The Wall Street Journal reported Friday, citing a post from him on the social media platform Twitter. Brooks had only recently joined the company in the role on May 1.
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Although few cryptocurrencies other than Bitcoin are widely accepted for merchant payments, increasingly active exchanges allow holders to exchange them for Bitcoin or fiat currencies — providing critical liquidity and flexibility. Since the late 2010s, big business and institutional investors have closely watched what they call the “crypto space” too.
(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the asset/s mentioned.)
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And while proponents tout cryptocurrencies as potentially lucrative alternative investments, few serious financial professionals view most coins — with the important exception of Bitcoin and a few others — as suitable for anything other than pure speculation.
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Cryptocurrency market is down 2.24% on the last 24 hours (2.15pm, Thursday 11 November).
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The majority of cryptocurrencies function without the backing of a central bank or government. Instead of relying on government guarantees, decentralized technology called blockchain underpins the operation of cryptocurrencies.
Once there are enough transactions in the block, more information is added such as the header data and hash from the previous block in the chain and a new hash for the current block.
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You can't ever determine how long or how far up a speculative investment can go, and you tend to be very shocked at how much it falls
The overall cryptocurrency market capitalization now stands at $2.91 trillion, and Bitcoin’s dominance rate is 41.9%. #Bitcoin #Cryptocurrencies #Altcoin #Federal Reserve #Ethereum #Bitcoin Price #Markets #United States #Inflation #Market Update #Ether Price Solana DEX positioned as third-generation exchange aimed to solve issues around old blockchain infrastructure ‘We'll see about 200 chains connected through Cosmos’ IBC next year,’ says Tendermint CEO Peng Zhong Editor’s Choice Elon Musk offloads $1.1B in Tesla stock Bitcoin miners look toward nuclear power for sustainable energy Rocket Pool Eth2 staking service launches, hits stage two cap in 45 seconds Beeple’s Discord compromised, timed to coincide with Christie’s auction ProShares Bitcoin futures fund in top 2% of all ETFs for volume Bitcoin’s new all-time high at $69,000 and Ether’s slow climb toward $5,000 are clear signals that bulls are in control and a hint that altcoins intend to follow.