“It was almost like you just gave a 21-year-old a million dollars,” Harrison said. “I get it -- they were excited to be so popular.”
SafeMoon is not yet listed on Coinbase or Binance. However, the currency does hope it will achieve this in the future.
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That can mean serious savings for investors, especially compared to some other exchanges. For example, if you want to buy $100 worth of Bitcoin on Coinbase, you’d actually end up with about $96.51 in Bitcoin, after fees. On Binance.US, you’d still have $99.99 to purchase Bitcoin after accounting for the 0.1% fee.
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We further explore the significance of cryptocurrency fundamentals at the aggregate market level using traditional asset pricing tests. For this analysis, we construct risk factors that are based on aggregate values of computing power and network. We denote the aggregate computing power factor with ACP and aggregate network factor with ANET. The innovation in constructing these factors is that we express them in cryptocurrency return units following the factor mimicking portfolio approach (Knez et al. 1994, Lamont 2001, Vassalou 2003).
Ken Griffin thinks bitcoin will be replaced by ethereum and says the Reddit-fueled conspiracy theories about his involvement in the GameStop saga are like a bad SNL joke
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The recent trading frenzy over a digital token called Shiba Inu — commonly billed as a “meme” or joke coin — has vaulted the canine-themed cryptocurrency into the top ten most valuable digital assets by market value, hitting $40 billion and surpassing its cousin and apparent inspiration, Dogecoin.
It came after the electric car company bought $1.5b (£1.06b) of Bitcoin shares, which in turn sent the market price of both the crypto and Tesla soaring.
Enforcement Director Joe Rotunda discusses fraud in crypto-related securities offerings:
As we don’t know exactly how to classify them, it’s difficult to attribute a direct causality to a specific factor and a crypto’s rise or dive in value.
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An obstacle to large-scale bitcoin mining is finding enough cheap energy to run the huge, power-gobbling computer arrays that create and transact cryptocurrency. One mining operation in central New York came up with a novel solution that has alarmed environmentalists.
At time of press, this was SafeMoon’s latest update; there was no confirmation that the issues were persisting or had been taken care of.