HAVANA (AP) — Cuba's government said Thursday it will recognize — and regulate — cryptocurrencies for payments on the island.
Ultimately, many experts believe regulation is a good thing for the industry. “Sensible regulation is a win for everyone,” says Ben Weiss, CEO and cofounder of CoinFlip, a cryptocurrency buying platform and crypto ATM network. “It gives people more confidence in crypto, but I think it’s something we have to take our time on and we have to get it right.”
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The village split in two by climate change. VideoThe village split in two by climate change
Among the cryptocurrencies that could disrupt Safemoon is the Bitrise coin, which is the fastest growing crypto at the time of writing. The coin was launched at the end of July. Shiba Inu is another piece that has been doing very well since its launch in August. However, experts have pitted Safemoon against Bitrise, which is now billed as the next “Safemoon”.
Tokens have been created to use smart contracts or tokens as a form of currency. They do not have a blockchain and are used on decentralized applications (dApps).
Binance.US is not available in Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, or Vermont. For people outside of those states looking to invest in crypto, Binance.US offers both an easy buy/sell interface and more advanced trading views. It has low fees, and further fee discounts for using its native currency, Binance Coin, and does offer some educational content through its on-site blog.
The price of Bitcoin rapidly plunged about 87% on Binance's U.S. exchange Thursday morning, sinking to as low as $8,200 from around $65,000. The price did nothing like that on other venues, and on Binance the level almost immediately snapped back to where it had been.
“You can’t ever determine how long or how far up a speculative investment can go, and you tend to be very shocked at how much it falls,” she said.
“It’s easy to get carried away, but such aggressive growth is highly unlikely to continue forever.”
Fig 5. Wavelet coherence scalograms between online factors and price (with GSADF test bubble overlay) for Litecoin and Bitcoin.
Find out more about a range of markets and test yourself with IG Academy’s online courses.
Worldcoin project reveals its ‘orb’ scanner as it aims to distribute cryptocurrency to 1bn people
ITVGMB has received Ofcom complaints after Dr Hilary Joned branded yellow card leaflets ‘a hoax’.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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“Expect very high volatility in crypto over the next few months,” he tweeted on Oct. 21.