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It hasn't yet been recognised by the major cryptocurrency sites such as Coinbase but why did it get so popular?
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According to Karony, other future plans include a yet-to-be-unveiled initiative that’s “fuel to the freedom of the un-banked.” And while SafeMoon was created on the Binance Smart Chain blockchain, the company said that it’s in the process of launching its own exchange platform this summer to establish a liquidity pool.
SynopsisThe global crypto market cap fell more than 2 per cent to $2.82 trillion mark compared to the last day. However, the total crypto market volume jumped over 31 per cent to $176.91 billion.
Fun StuffThe 'very British' note has been branded hilariously "passive aggressive" by web users.
GARY GENSLER: This asset class is rife with fraud, scams and abuses in certain applications. There's a great deal of hype and spin about how crypto assets work.
In the U.S., Binance has been the subject of an investigation by the Commodity Futures Trading Commission, which is probing whether the platform allowed users to trade derivatives, Bloomberg reported in March, citing sources familiar with the matter. The CFTC investigation is directed at Binance, even though Americans must use Binance.US instead. And in May, the Department of Justice and Internal Revenue Service commenced money laundering investigations related to the company.
Professor Prasad said buyers need to be aware when buying cryptocurrencies as there is almost no regulatory oversight.
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Cryptocurrencies are seen as an alternative to traditional banking methods, cheaper to move money around due to not being regulated by the government or its banks.
SafeMoon is not yet listed on Coinbase or Binance. However, the currency does hope it will achieve this in the future.
As long as prices avoid closing below this barrier, odds favor a resumption of the uptrend toward a new all-time high at $4,574.
Collectively, newer emerging coins are making their presence felt in the crypto industry. Enthusiasts are expecting SafeMoon to rebound from its current levels, and follow a similar rally like that of SHIB. Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose. Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena. Avalanche, Polygon, and Axie Infinity To Dethrone These Three Altcoins From Top 10! With Parachain Auctions on the Horizon, Will Polkadot Price Surge Around 30%? Quick Updates on latest trends in financial services, fintech, digital strategy and more with our industry leading Fintech Channel.
The above prices are as of 01.09 pm IST on November 9 (Data courtesy: coinmarketcap.com).
Although “smart contracts” represent an important move toward addressing the lack of chargebacks and refunds in cryptocurrencies, it remains to be seen whether they’re enough to solve the problem completely. Still, they’re at least partly responsible for Ethereum’s success.
Cryptocurrency prices continued to tumble Friday with Bitcoin leading the charge, with prices for the internet currency dipping below $50,000 for the first time since early March.
Watching the trading patterns is key. Observe the market for a few weeks to get a feel of how the coin reacts to certain times of the day and week, and how it responds to market news and key events. This will help you work out patterns of trading, and how to limit losses and maximize gains.