BTC to BITO: the original cryptocurrency, and the promise and limitations of Bitcoin ETFs
Home / Markets / Cryptocurrency / Bitcoin, dogecoin fall, Shiba Inu plunges 11%, Check cryptocurrency prices today Bitcoin, dogecoin fall, Shiba Inu plunges 11%, Check cryptocurrency prices today Premium Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration (REUTERS) 1 min read . Updated: 11 Nov 2021, 07:54 AM IST Livemint
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Much like Dogecoin, it is cryptocurrency that was started off the back of an internet meme.
The team, dubbed Twitter Crypto, will serve as a "center of excellence" for all things blockchain at the social media giant and will be "setting the strategy for the future of crypto at and on Twitter."
New York, New York--(Newsfile Corp. - November 11, 2021) - Safemoon has a Tough challenger, Bitrise Coin. There has not been very positive news about Safemoon over the last few months. Safemoon investors are worried about the coin's performance, and its eventual bow down to competition. This means the future of Safemoon is not as it was in April when Safemoon reached an all-time high price.
Business News›Markets›Cryptocurrency›Top cryptocurrency prices today: Solana, Binance Coin fall; XRP jumps 9%
Other criticism of the founding team has come on the back of several promised developments of a Safemoon ‘ecosystem’ (including a bespoke wallet application) that have thus far fallen short of expectations.
And that, we regret to inform you, has led to some rather silly thinking (highly unusual in the crypto community, we know), specifically of the chart-crime variety:
"Letting you all know that I have resigned as CEO of ??@BinanceUS," Brooks wrote on Twitter. "Despite differences over strategic direction, I wish my former colleagues much success. Exciting new things to come!"
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Its competitors, Dogecoin and Shiba Inu faced several lows for months and years straight but are at a different position now. SafeMoon could walk the same path as its competitors and would find a ‘breakout’ all of a sudden.
Today, it’s impractical for hobbyists without thousands of dollars to invest in professional-grade mining equipment. If your aim is simply to supplement your regular income, plenty of freelance gigs offer better returns.
Yet some crypto watchers have raised red flags over SafeMoon’s unusual structure. It charges a 10% fee to buy tokens and another 10% to sell -- almost unheard of in the digital currency world. Half of these fees are paid to owners as an incentive to keep holding and the other half goes into a liquidity pool controlled by the developers. SafeMoon calls itself a DeFi token, or one that uses decentralized finance to govern functions through software, but it has a chief executive officer and chief operating officer. Critics also worry about the discretionary nature of the “manual” coin burns used to adjust its circulation.
Blockchain technology. Enables the electronic payment system for virtual currencies, but not tied to any specific currency. Companies are using blockchains to create a permanent record of transactions of such things as sales of investments, corporate records, and legal documents.
The story of cryptocurrency scammer Dr Ruja Ignatova's London flat - and how her purchase was concealed.
Home Press Releases SafeMoon VS HUH Token: What Could $1000 Get You In Each Crypto? Press Releases SafeMoon VS HUH Token: What Could $1000 Get You In Each Crypto?