In early November, FTM formed an inverse head and shoulder pattern, eventually breaking the neckline with a steep rise close to $3.2. However, it is now recovering from the steep drop it experienced overnight along with the market. On its way down, it broke through several local support levels.
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.
.
The coin's tokenomics show that the team is building a platform that rewards investors handsomely. First, the token is a hyper-deflationary payment network token, which rewards investors for holding tokens in BNB. For every transaction, 12% is charged, only 3% of the collected tax goes to marketing. The 4% is awarded to the token holders in BNB. It is this active income from the rewards, which is paid every 60 minutes, that is attracting most Safemoon members and thousands of other investors.
Recent proposed legislation could make it easier for the IRS to find cases of tax evasion when it comes to crypto, though investors should already keep records of any capital gains or losses on their crypto assets. But the new rules may also make it easier for investors to properly report crypto transactions.
Bitcoin’s surge continued overnight on Monday as the cryptocurrency soared to $68,568.85 in value in the early hours of Tuesday morning, according to Coinbase.
Bitcoin mining is raising concerns about its negative impact on the environment. According to the Cambridge Bitcoin Electricity Consumption Index, the industry consumes more electricity than the Netherlands and slightly less electricity than the United Arab Emirates.
July saw the Met seize a cryptocurrency operation valued at £180million in the UK’s largest cryptocurrency seizure to date.
At the time of writing, Bitcoin’s value was fluctuating at around $67,921.67, or £50,107 according to Coinbase.
“Bitcoin has outperformed gold, the most widely regarded inflation hedge, by a considerable margin year-to-date, having gained over 130% compared with gold’s 4% decline.”BTC/USDT daily chart: Source: TradingView
It hasn't yet been recognised by the major cryptocurrency sites such as Coinbase but why did it get so popular?
Bitcoin is increasingly viewed as a legitimate means of exchange. Many well-known companies accept Bitcoin payments, although most partner with an exchange to convert Bitcoin into U.S. dollars before receiving their funds.
Notes: This figure plots weekly averages of log price and log network size (log of unique active addresses) of Bitcoin and Ethereum over the period from August 2015 to January 2019. We normalise both the time series by subtracting their mean and dividing by their standard deviation.
Hi there, sorry to hear you're experiencing issues with our app. Can you please reach out to our mobile team via the Report a Bug form found in the Settings of our app so we can look further into this? Thanks!
On the downside, the zone between $67,000 and $63,750 is likely to act as a strong support. If this zone is breached, it will indicate that traders may be aggressively booking profits. The pair may then drop to the 50-day simple moving average (SMA) ($56,348).
At each point information from neighbouring data is used. As the time series considered are finite, the areas at the start and end of the data (especially at higher period bands) will not have all the data required. One solution to make computation possible, chosen here, is to pad the time series with zeros where required. However, the zero padding will impact the reliability of the results. It is standard to use a cone of influence to represent this difference in reliability of results. Pale colours represent those areas outside the cone of influence with less reliable results (as seen on Fig 3). Higher period bands require more data for computation resulting in the cone shape.
Lettau, M. and S. Ludvigson (2001), “Consumption, aggregate wealth, and expected stock returns”, The Journal of Finance 56 (3), 815–849.
The first, Moonshot Buyback, is a colossal buyback that is deliberately executed at critical points in the market, resulting in a giant green candle on the chart, which could explode the Token prices. Moonshot is used when the chart is in desperate need of it. The AutoBoost Buy-Back System activates when Volume is low and modest purchases are made to discourage early sellers. This ensures a proper burn and that the price per token increases each time the buyback is enabled to make the New Cryptocurrency to explode.