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SAN SALVADOR, El Salvador (AP) — El Salvador’s bitcoin-pushing president apparently changed his Twitter profile description to “dictator” Monday, in what might be an ironic comment on last week’s protests against him.
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The breach occurred on November 3 when an “unauthorized third party” gained access to information from a number of users.
After that, five percent of the tax is then allocated to people who still own SafeMoon currency. This is to prevent the price from dropping as people start selling the token.
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SafeMoon’s Facebook page states: “Remember, getting to the moon takes time and the longer you hold the more tokens you pick up.”
The supply of a cryptocurrency depends on how many new coins are being mined and how many current owners want to sell their coins.
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.
Learn what crypto day trading is and how to participate in three steps: Select a platform, evaluate your investment options, and pick a trading strategy.
The New Cryptocurrency also contains a self-sustaining decentralized application platform expected to bring a genuine revolution to the cryptocurrency industry and establish a new standard for DeFi security. It includes a swap exchange with an intuitive user interface that enables users to view their USDT reflections.
Bitcoin’s surge to $69,000 took bears by surprise and cemented bulls expected $400 million profit at Friday’s $1.2 billion options expiry.
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There are hundreds of cryptocurrency exchanges already, and dozens based in the U.S. Trade volume on Binance is currently $1.2 billion compared to $660 million on Coinbase Pro, $355 million on Kraken, $75 million on Gemini and $47 million on Poloniex, according to CoinMarketCap as of publication. About 20 percent of traffic to Binance.com comes from the U.S., according to research from The Block.
“One of our institutional traders indicated to us that they had a bug in their trading algorithm, which appears to have caused the sell-off,” Binance.US said in an emailed statement. “We are continuing to look into the event, but understand from the trader that they have now fixed their bug and that the issue appears to have been resolved.”
If you already have a wallet on the Binance Smart Chain, getting Safemoon is as simple as exchanging it for any other token in your wallet on a decentralized exchange (DEX) such as PancakeSwap.
— Patrick Uzcategui is now an government relations associate at Sylvamo, a new spinoff company from International Paper Company. He was previously government affairs coordinator at Tyson Foods.