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When formed by real members instead of bots—we’ll get to that in a second—these communities are unofficial and unpaid public relations departments continually working in favour of the reputation of the projects they support.
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In June, the Chinese Government cracked down on considerable crypto mining operations taking place in the Sichuan province and demanded that Chinese banks and payment channels stop supporting decentralised and anonymous crypto transactions.
Bitcoin is a good indicator of the crypto market in general, because it’s the largest cryptocurrency by market cap and the rest of the market tends to follow its trends.
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SafeMoon listed three reasons why the V2 upgrade is expected to boost the demand for the token in a recent tweet:
Pa´stor, L. and P. Veronesi (2003), “Stock valuation and learning about profitability”, The Journal of Finance 58 (5), 1749–1789.
Even though the current downside move is sure to shock some investors, slight corrections after reaching new all-time highs are a customary practice for Bitcoin.
WARREN DAVIDSON: The industry is basically pleading, give us some regulatory clarity.
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Regarding regulatory attention, in late June, the UK’s regulator, the FCA, issued a statement that “Binance Markets Limited is not permitted to undertake any regulated activity in the UK.”
ETF approval has been in consideration by the SEC multiple times over the past few years, but BITO is the first to gain approval.
The electric carmaker said in May that it would no longer accept the cryptocurrency for purchases. It's been a wild ride for bitcoin the last three years. The digital currency made its big Wall Street debut in December 2017, when the major futures exchanges rolled out Bitcoin futures. The attention drove Bitcoin to roughly $19,300, a then-unheard of price for the currency. btc $65693 -4.23% eth $4774.08 -1.74% bnb $632.28 -3.9% usdt $1.01 +0.44% sol $242.28 -0.37% ada $2.12 -6.28% xrp $1.23 -7.36% dot $48.77 -4.89% doge $0.263971 -3.87% usdc $1 -0.07% shib $5.615E-5 +8.91% luna $51.36 -0.26% AVAX $88.34 -1.96% ltc $269.85 -6.67% link $36.02 -4.49% Rank Name Price Market cap Volume Supply 24h Change Last 7 Days Updated less than an 5 minutes ago 1 BEINNEWS ACADEMY LTD © STREET: SUITE 1701 – 02A, 17/F, 625 KING’S ROAD, NORTH POINT. HONG KONG.
And while Karony said he wasn’t sure what to make of Portnoy’s tweet, he was appreciative. “It’s cool to see big names talking about SafeMoon because it means more people are hearing about SafeMoon,” he said.