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When and if a Bitcoin ETF (which could theoretically track the cryptocurrency more accurately) is ever approved, it's possible demand for GBTC could plunge as the costs of an ETF would likely be lower. If that happens, any premium would dry up – in other words, its price would fall even if Bitcoin prices remained elevated. Grayscale Bitcoin Trust's management has discussed converting to an ETF structure when legally able to do so. .
Funding rates increased significantly in the hours after BTC/USD passed its recent all-time high and went on to hit $67,100. Platform aims to address privacy concerns in messaging apps with a solution built on Solana Editor’s Choice Bitcoin hitting $59K would be ‘extremely healthy,’ says trader as BTC price retreats Two firms account for the majority of Tether received: Report Bitcoin derivatives markets ‘healthier’ than in Q1, says research after fresh leverage shakeout Sotheby's will take ETH bids in real time for Banksy auction B2B firms want cross-border payments but skeptical of crypto: Survey Bitcoin and Ethereum appear to have lost strength after Thursday's flash crash on Binance U.S.
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Apart from that, the team is attempting to create an ecosystem consisting of a few tokens, a decentralized exchange called ShibbaSwap, and a fully-fledged community. Although, it has to be mentioned that apart from the tokens and the growing community, which is caused by the rising price and nothing more, there’s nothing else that’s currently complete, begging the question if SHIB’s valuation is justified or not.
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Of course. We have done an evidence based analysis here and there are also evidence that show that PI Networks is at least attempting to build something of value:
It is a joke and its only use cases (e.g. transferring funds) are already covered by hundreds of other coins. Antony Portno, founder of Traders of Crypto, stated: “While Dogecoin has some actual merit as the one ‘fun coin’, Shiba Inu is a far more manipulative and cynical asset.” He added that Shiba has no actual purpose or use cases, and warned investors from investing money in a joke currency they cannot afford to lose.
Market value: $108.7 billionQuarterly earnings growth rate: N/AProfit margin: 2.7%Return on equity: 17.4%
The main risk of crypto trading is the lack of financial standards and protection. Cryptocurrencies hackings are all too common, and there is increasing risk of market manipulation by big-money backers such as Elon Musk.
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But public companies can create actual value, and not just because their stocks go up. Profits accumulate, dividends are paid, employees earn money, suppliers get contracts and wealth is created for all shareholders, not just by flipping one coin to another investor willing to pay more. Companies can buy back their own shares, pay massive dividends or go private and buy out all their shareholders.
This, for users in the U.S., is rather unfortunate, making it a slower experience overall, perhaps leading to some finding alternatives to Binance.US. While the options in the U.S. are more limited, there are alternatives to Binance.US.
New Delhi (CNN Business)Shiba inu coin soared to a new record on Wednesday, capping a surge of over 60,000,000% over the past year.
SBI Q2 results: Net profit beats estimates, surges 67% YoY to Rs 7,627 crViews: 1707
While fluctuations are expected, Noble says this swing is a bit out of the ordinary. “I thought the market was maturing and these things would be less frequent and severe. Boy was I wrong,” he says.