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This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Binance US names Ant exec Shroder president 10 September 2021 The US arm of Binance has appointed former Ant Group and Uber executive Brian Shroder president, replacing Brian Brooks who quit suddenly in August after just four months in the job.

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A digital wallet is a gadget or piece of software that securely stores users’ payment information and passwords for numerous payment methods.
Stilt How It Works About Blog Support Reviews Log In Get Started How Does Cryptocurrency Gain Value? Posted by Frank Gogol .

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LifestyleMoneyWhy is crypto down today? Cryptocurrency market crash, China ban - prices of Bitcoin, Shiba Inu and Ethereum
The strengthening of coherence in bubble regimes is much less prominent in the short and long term. In the short term, the effect of bubbles may be hidden by the effects of daily news items and intraday trading activity. It is also seen that in the short term the relationship between online factors and cryptocurrency prices are erratic and generally weak; there is little consistency as to whether the price or factors are leading, though slightly more negative relationships exist in this period band. The erratic relationships over the short term suggest online factors may not be best predictor in the shorter term.

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MIAMI (AP) — El Salvador is betting that this week's pioneering adoption of Bitcoin will spur its economy, especially one of its most crucial sources of revenue: money sent home by Salvadorans in the United States.
The former US banking regulator and crypto enthusiast is resigning at a time when regulators in Hong Kong, Britain, Germany, Japan, Italy and Thailand have cracked down on Binance due to worries over investor protection. Watchdogs globally also fret that the boom in cryptocurrencies is aiding money laundering and increasing systemic risks.

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Other criticism of the founding team has come on the back of several promised developments of a Safemoon ‘ecosystem’ (including a bespoke wallet application) that have thus far fallen short of expectations.

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Disclosure: At the time of writing, the author of this feature owned BTC and ETH.

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    © 2021 BBC. The BBC is not responsible for the content of external sites. Read about our approach to external linking. Become an FT subscriber to read: Bitcoin gyrates on fears of regulatory crackdown Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities. Select Purchase a Trial subscription for $1 for 4 weeks You will be billed $68 per month after the trial ends For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news Select Purchase a Digital subscription for $7.16 per week You will be billed $40 per month after the trial ends MyFT – track the topics most important to you FT Weekend – full access to the weekend content Mobile & Tablet Apps – download to read on the go Gift Article – share up to 10 articles a month with family, friends and colleagues Select Purchase a Print subscription for $5.75 per week You will be billed $50 per month after the trial ends Delivery to your home or office Monday to Saturday FT Weekend paper – a stimulating blend of news and lifestyle features ePaper access – the digital replica of the printed newspaper Get Started Purchase a Team or Enterprise subscription for per week You will be billed per month after the trial ends Premium Digital access, plus: Convenient access for groups of users Integration with third party platforms and CRM systems Usage based pricing and volume discounts for multiple users Subscription management tools and usage reporting SAML-based single sign-on (SSO) Dedicated account and customer success teams Premium Digital Premium Digital + Print Premium Digital + Weekend Print Weekend Print

    Founder and CEO of Binance, Changpeng Zhao, tweeted that "Brian's work for Binance.US has been invaluable and we hope he will continue to be an integral part of the crypto industry’s growth, advocating for regulations that move our industry forward."
    There's a huge new pool of money that could be about to juice the bitcoin market, crypto ETF expert says

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    They allow users to store cryptocurrencies, make online or in-store purchases, and track their finances.

    Popular cryptocurrencies such as Bitcoin and Ethereum are built on blockchain technology. Blockchains like Bitcoin and Ethereum are constantly growing as new blocks are added to the chain, increasing the security of the ledger dramatically.
    Its value has now plummeted by 99.99%, said cryptocurrency data website CoinMarketCap.

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    Get all the latest Bitcoin (BTC) news first. Bitcoin price analysis, expert opinion, exclusive articles and features all about the world’s most popular cryptocurrency brought to you from Coin Rivet’s team of international journalists…

    Different types of cryptocurrencies can be classified into the following two groups:
    Business News›Markets›Cryptocurrency›Top cryptocurrency prices today: Solana, Binance Coin fall; XRP jumps 9%

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    This list by no means final, as Binance.US designates it as “Phase 1” digital asset offering, promising to support a wider range of cryptos down the line. The platform hopes to garner broader support in the US by enabling trading USD for popular cryptocurrencies.

    Now one can ever be sure in this “space” but we *think* given that the blue line is so vertical that it literally bends backwards, and that the guy seems to have a sense of humour in his other tweets, this is a joke. We’re not sure “@unusual_whales” got the memo, did he, oh well. Can someone please make sure someone at Citi did? Jemima Kelly Add to myFT FT Alphaville Add to myFT Bitcoin Add to myFT Fintech Add to myFT Cryptocurrencies Add to myFT
    And, while it has big ambitions, its current market value is someway below the $1 dollar threshold - but has experienced a steady increase in price since its launch.

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Under Brooks’ leadership, the OCC began allowing banks to provide cryptocurrency custody services and store cryptographic keys in July 2020. And this January, the OCC first permitted banks to use stablecoins for payments.

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Bitcoin (BTC) plummeted 2.18% to $66k at the time of writing. Bitcoin’s dominance is currently 43.35%, a decrease of 0.34% over the day.

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The billionaire founder of Citadel also expressed bewilderment with Elon Musk's decision to ask Twitter if he should sell 10% of his Tesla stake.

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Yet in some ways, the crypto crowd were not wrong. In the almost 18 months since Covid-19 was declared a pandemic, the price of bitcoin has risen by about 525 per cent, from just under $8,000 to a three-month high just above $50,000 on Monday. XRP has climbed by a similar amount to trade around the $1.25 mark.

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