Founder and CEO of Binance, Changpeng Zhao, tweeted that "Brian's work for Binance.US has been invaluable and we hope he will continue to be an integral part of the crypto industry’s growth, advocating for regulations that move our industry forward."
Very generously our tweeter credits another crypto fanatic for the remarkable analysis, who had drawn up his own chart just days earlier:
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Coinbase falls 11% after the crypto exchange misses Wall Street's 3rd-quarter earnings expectations
From the perspective of technical analysis, profit-taking near all-time highs and the need for a retest of lower support levels are normal processes for most cryptocurrencies. In fact, a quick glance over discussions by many analysts and traders on Twitter shows that most expected BTC to revisit lower support levels at $64,000 and below before recapturing bullish momentum and moving higher.
What is SafeMoon? The new cryptocurrency and how it compares to DogeCoin and Bitcoin
Due to their political independence and essentially impenetrable data security, cryptocurrency users enjoy benefits not available to users of traditional fiat currencies, such as the U.S. dollar, and the financial systems that those currencies support.
Top cryptocurrency prices today: Bitcoin, Dogecoin, Cardano rally 5% eachTop cryptocurrency prices today: Cardano, Polkadot, Binance Coin shed 4%Top cryptocurrency prices today: Solana, Cardano, XRP shed up to 12%Top cryptocurrency prices today: Bitcoin, Cardano down; Solana soars 22%Top cryptocurrency prices today: Cardano, Ethereum, Dogecoin gain up to 10%
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The value of cryptocurrency is also driven by scarcity. This alludes to the cryptocurrency’s finite mechanism. The Bitcoin protocol sets the maximum amount of BTC that can be mined at 21 million. Therefore, as more people enter the crypto space, Bitcoin’s scarcity will inevitably increase, causing its price to increase. Some coins also use the burning mechanism to increase their value by destroying a portion of the supply.
Shortly after Bitcoin’s latest all-time high, Ethereum marked its own new all-time high last month when its price went over $4,400.
The White House signaled that the US will gather 30 other countries to discuss responses to cybercrime.
You can also buy Safemoon from a centralized exchange like BitLink that lists Safemoon for sale.
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The hype surrounding popular memecoin Dogecoin had appeared to diminish recently as new altcoins took centre stage.
In the United States, Binance is also being probed by the Department of Justice, the Commodity Futures Trading Commission and tax authorities, Bloomberg News has reported.
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"My advice to mainstream investors is to wait for the Certik audit (Q4 of 2021) and improvements in the liquidity pool before proceeding."