The United States has many crypto users and owners within its borders. That means that it is a valuable market for Binance. That is why the company was willing to take the steps and suffer the expense of creating a version of the exchange just for one country.
We’ve seen Bitcoin hit multiple new all-time high prices, regulatory talks with potential to have big impact on the industry, and more institutional buy-in from major companies. All the while, people’s interest in crypto has skyrocketed this year: it’s a hot topic not only among investors but in popular culture too, thanks to everyone from long-standing investors like Elon Musk to that kid from your high school on Facebook.
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SafeMoon Made it to the ‘Top 100 Crypto List’ without Major Listings in Top Trading Platforms
Within its first eight days of existence, DogeZilla has been said to have grown into a super microcap of $500million from just $50,000.
Cryptocurrency is a type of currency that’s digital and decentralized. Cryptocurrencies can be used to buy and sell things, and their potential to store and grow value has also caught the eye of many investors.
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The country will be the first to recognise the crypto-currency as legal tender from September 7.
Binance.US At A Glance50+ currencies availableNot available in Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, or VermontFlat 0.1% fee for spot trades; 0.5% fee for instant buy/sell$10 minimum trade Option for recurring investments, for dollar-cost averagingCryptocurrencies Available on Binance.US
Regulation has come into play worldwide with the growth of the crypto industry. Over the years, the United States has increasingly stepped up its overwatch of the space. The Securities and Exchange Commission (SEC) cracked down on initial coin offerings, or ICOs, after the mania of 2017 and 2018. The Commodity Futures Trading Commission (CFTC) and other U.S. agencies have also engaged in various capacities.
But cryptoassets as commodities can be traded if they can exhibit clear benefits and can abide by the principles of Shariah, Bloomberg first reported.
The world of cryptocurrencies can be a tricky field to navigate for the uninitiated.
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.
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The debacle was tinged with irony, coming just as Binance CEO Changpeng Zhao, also known as CZ, warned about incoming volatility.
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On Tuesday 9 November, Bitcoin’s price was trading up by roughly 11.5% on the last week after soaring to a new record price of over $68,000 on Tuesday morning.
SafeMoon’s upcoming upgrade, V2, is expected to enhance the token’s security, quality and accessibility. The SafeMoon community widely anticipates the launch of the V2 upgrade, and investors expect SafeMoon to recover from the recent drop in price.