On Oct. 21, Binance.US suddenly printed a one-minute candle that took BTC/USD from $65,815 to $8,200 — a drop of 87%.
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The token was trading at $1,157.00 Monday morning - 5.3% lower compared to actual Tesla stock, which closed at $1,222.09 on Friday.
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While the biggest cryptocurrency trades strong, its market dominance has been dipping as investors shift to altcoins, said CoinDCX Research Team.
Russia's Federal law agency grants powers to employees to access information from crypto organizations
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There are so many areas that Safemoon falls short. In products, there is so much competition that Safemoon receives from Bitrise cryptocurrencies. For example, the Safemoon wallet is considered inferior to the Bitrise dApp wallet.
Fig 1. Price series for each cryptocurrency considered (each cryptocurrency priced in USD).
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Terra’s LUNA token has been trading inside a rising wedge pattern. The bulls attempted to push the price to the resistance line of the wedge on Nov. 8 but could not sustain the higher levels.
Coinbase's NFT platform should be like Instagram and may eventually overtake cryptocurrency trading, CEO says
Safemoon crypto recently began to spike in price after the developers announced a new cryptocurrency wallet. The Safemoon digital currency wallet is coming soon and the project has been heavily advertising it. With this extra string in its bow, many are rushing to invest in the native Safemoon altcoin.
Bitcoin and Ether created a new all-time high of $68,641.57 and $4,857.25 on Tuesday Bitcoin breaks past $68,000, ether nears $5,000 as flows surge in crypto
Ultimately, many experts believe regulation is a good thing for the industry. “Sensible regulation is a win for everyone,” says Ben Weiss, CEO and cofounder of CoinFlip, a cryptocurrency buying platform and crypto ATM network. “It gives people more confidence in crypto, but I think it’s something we have to take our time on and we have to get it right.”
Zhao said the U.S. division won't initially launch in New York since it has not obtained a BitLicense (which is issued by the New York State Department of Financial Services) and neither has BAM, which is regulated by the U.S. Financial Crimes Enforcement Network (FinCEN). Coley, the CEO of BAM and Binance.US declined to comment on plans to apply for one.
Blockchain technology can be conceived as a form of next-generation business process optimization software from a business standpoint. Collaborative technology, such as blockchain, promises to improve business procedures between firms, cutting the “cost of trust” dramatically. As a result, it may provide much better returns per dollar invested than most traditional internal investments.