Grayscale CEO Michael Sonnenshein discussed the opportunites for crypto investors in the metaverse at the Yahoo Finance-Decrypt "Crypto Goes Mainstream" special.
Chiefly, Binance will no longer permit U.S. passport holders to sign up for its global Binance.com service. That’s according to the company’s updated terms and conditions — “Binance is unable to provide services to any U.S. person” — which were confirmed to TechCrunch by a spokesperson. .
Did he try to contact the Head of technology of Pi network Nikolas in any means and ask him about the current and future plans of Pi network?
He was referring to the stringent regulation that forced most cryptocurrency exchanges to deploy separate trading platforms for U.S. customers only. Consequently, American crypto traders tend to operate on less liquid cryptocurrency exchanges.
The team themselves acknowledge the chances of failure and say they work hard to ensure that the project turns out to be a success.
This has been able to break past the previous ATH of $ADA of $2.47 and just recently set a new ATH reaching $3.10. However, September 2021 has been seen as a bearish month overall as seen on the historical price behaviour of the crypto market and that has actually shown its impact post the bullish first week.
It’s also worth mentioning that despite the coin’s drop since May, developers have continued to work; on July 6, creators of Shiba Inu launched ShibaSwap, a decentralized exchange (DEX). ShibaSwap secured approximately $1.5 billion in Total Value Locked (TVL) in just one day, according to the SHIBA ecosystem’s Twitter account, at the time.
Like all cryptocurrency hypes, Shiba coin gained its popularity through influencers’ relevant and irrelevant mentions and hints about it. In particular Elon Musk and Charles Xue Biqun: On May 7th, Elon Musk tweeted that he is looking to buy a Shiba pup.On May 14th, he tweeted a clear statement that he is getting a Shiba Inu because, as he claims, resistance is futile.Charles Xu Biqun, the Chinese billionaire venture capitalist, mentioned SHIB in multiple posts on Weibo to his more than 11 million followers. On May 8th he stated: Doge No. 2 hits new all-time highs, almighty. Source: Weibo.com
Austrian authorities say they want to apply capital gains tax to Bitcoin and other digital currencies in order to make them more accessible for investors.
An immediate hurdle on the upside is near the USD 68,200 level. The next key resistance is forming near the USD 68,500 level, above which the price could test USD 70,000.
Bitcoin (BTC) is stabilizing after a retreat from yesterday's all-time price high. Analysts remain bullish despite short-term price swings, and expect the upcoming Taproot network upgrade to be a positive event.
The long tail on Solana’s (SOL) Nov. 8 candlestick shows buying at the centerline of the ascending channel. However, the bulls could not build on this advantage as strong selling at higher levels pulled the price below the centerline on Nov. 9.
It’s worth noting that the entire Shiba Inu ecosystem consists of three tokens – SHIB, LEASH, and BONE.
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Mr Jobson said: "FOMO (fear of missing out) helps propel the price of cryptos like Shiba Inu which has an intrinsic value of zero, and tweets from high profile individuals who have a significant influence on crypto market movements help fuels the hype train.
The upshot: When it comes to crypto, apply the same rules you would to any other investment. If it sounds too good to be true, it probably is.