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With cryptocurrencies often moving in tandem with Bitcoin, Ethereum was trading up nearly 11% on the last seven days after hitting a new record high of almost $5,000 on Tuesday morning.

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The overall market cap of cryptocurrencies hit $3.3 trillion on Monday, according to CoinGecko pricing.
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Laith Khalaf, financial analyst at investment platform AJ Bell, previously told The Sun that although long-term investment is encouraged, SafeMoon "doesn't sound too different from a pyramid selling scheme".
This breakout happened in the recent weekend and consequently the uptrend resumed and Bitcoin is now on way to challenge its previous life high yet again.

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If they succeed, it will suggest that the break above the downtrend line may have been a bear trap. The ADA/USDT pair could then drop below the moving averages and retest the critical support at $1.87.
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Of late, crypto prices have risen on the back of comments from billionaire Elon Musk and Ark Investment Management LLC's Cathie Wood. In late July, Elon Musk said Tesla was "most likely" to start accepting bitcoin as payment again. The comment helped the cryptocurrency race past the $30,000 level.

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    Bitcoin operates on its own blockchain, and so does Ether. The Binance Smart Chain is a separate blockchain that inherits many software features and protocols from the Ethereum network. One feature of the Ethereum network (and thus also the BSC) is the ability to host software programs (called smart contracts).
    Binance is a centralized cryptocurrency exchange founded in 2017 by Changpeng Zhao. Zhao’s professional experience before that point was in the development of advanced financial software, such as high-frequency trading software. He also served in an executive position at another cryptocurrency exchange, OKCoin.

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    Crypto exchanges on a growth path shared a few common traits: they're larger, more innovative and offer more digital assets than their competitors.

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    Influencers like disc jockey Diplo, YouTube star Jake Paul and platinum-selling rapper Lil Yachty touted SafeMoon, though none were compensated for doing this, according to Karony. SafeMoon’s Twitter account now has more than 968,000 followers.

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    Decentraland uses “MANA,” which is an ERC20 token – meaning it’s based on Ethereum’s blockchain.

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    Black CountryShaun Bailey MP, West Bromwich West, asked the official: "Have you been to the Black Country?"

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    Former Reserve Bank of India (RBI) deputy governor R Gandhi on Tuesday made a case for treating and regulating crypto as a separate asset class with a view to enabling governments around the world to effectively deal with illegal activities associated with virtual currencies.

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    Bitcoin plunged to as low as $8,200 on Binances U.S. exchange from around $65,000.

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The Bank of England's Sir Jon Cunliffe raises concerns about the financial stability risk of cryptocurrencies.

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Fun StuffThe 'very British' note has been branded hilariously "passive aggressive" by web users.

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If you keep up with crypto news, you may have heard the name Safemoon quite a lot in the first half of 2021. If you are interested in day trading, talk of Safemoon’s high volatility and rapidly increasing market cap may have piqued your interest. Maybe you’re looking to buy, hold and capitalize on the next big crypto price rally. What is Safemoon Crypto?How to Buy Safemoon Crypto?Where to Buy Safemoon Crypto?Safemoon FAQConclusion

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Binance may be the top choice for crypto traders across the world but it appears regulators are getting fed up. On June 27, 2021, the Financial Conduct Authority (the U.K.'s financial watchdog), banned Binance Markets Ltd., an affiliate of Binance, from operating in the United Kingdom. As countries around the world continue to take steps toward further regulating cryptocurrency, Binance may have to make some hard choices.

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