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%.
Very generously our tweeter credits another crypto fanatic for the remarkable analysis, who had drawn up his own chart just days earlier:
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SafeMoon listed three reasons why the V2 upgrade is expected to boost the demand for the token in a recent tweet:
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No intermediaries. Unlike fiat, virtual currency transactions are conducted directly between two parties, on a peer-to-peer basis, using a decentralized computer network that involves no banks or other intermediaries. Trust in the system is based on digital proof, or the ability of users to access a permanent record of all of the transactions that have taken place.
The newcomer HUH Token if nothing else should benefit from an initial spike in price as many currencies do. Investing early is how to take advantage of these sharp price increases and HUH token could replicate Shiba Inu’s market performance and return millions.
According to the Wall Street Journal, Zhao stated that he would be willing to step down as the CEO of Binance in order to resolve the company’s regulatory problems.
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SafeMoon technically isn't a cryptocurrency but a DeFi token, according to its website.
"We are LIVE and BOOMING!," said the community behind the newly launched Lorde Edge coin.
ProShares Bitcoin Strategy ETF, which began trading late last month, was up 10.95% on Monday.
The algorithm allowed for secure, unalterable information exchanges between parties, laying the groundwork for future electronic currency transfers.
This is just one example, but it definitely highlights the difference between trading on Binance and Binance.US. Although small traders won't make much of an impact on either exchange, all else being equal, most traders would prefer to trade against the larger book, rather than the smaller one.
Despite the massive swing in value on the Binance US exchange, Bitcoin’s value on other exchanges remained stable. There has been speculation on the exact cause of the spike, though Binance offered a short statement to Bloomberg explaining that one of its institutional traders was responsible.
SafeMoon today trades around 0.0000027 a coin with a market capitalization of about US$1.6 billion, sharply lower than its high of almost US$6 billion in mid-May, according to CoinMarketCap. Article content More On This Topic Stablecoins: The cryptocurrency that keeps central bankers up at night Canada missed its crypto moment, but it might not be too late to exploit our edge Cryptocurrency exchange Binance to stop support for stock tokens Bitcoin miners navigate the extreme world of crypto power-hunting
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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.