WASHINGTON (AP) — The Biden administration is calling on Congress to pass legislation that would strengthen government regulation of stablecoins, a form of cryptocurrency that has soared in popularity in the past year.
A petition to 'Get Safemoon Listed On Coinbase' has currently gained 4,646 signatures.
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“That’s why my administration is marshaling a whole-of-nation effort to confront cyber threats.”
According to a tweet from the official SafeMoon Twitter account, the problems affected all three wallet products. Namely, the website buy and swap function, the Android wallet, and its iOS counterpart.
Discrepancy in price of token on spot and futures markets opens opportunities for arbitrageurs
Investors that may have once dismissed it, ought now to consider taking part in it
The NYDFS is known for being especially rigorous in its approach to cryptocurrency businesses compared to other state regulators, requiring an exacting review of capital requirements and policies regarding money laundering, fraud, capitalization, consumer protection, and cybersecurity. It's an unpopular approach among many in the crypto industry, some of whom have even opted to pull business out of New York rather than bear the high cost of compliance.
Bitcoin plunged to as low as $8,200 on Binances U.S. exchange from around $65,000.
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SafeMoon is also preparing to launch a cryptocurrency exchange, which apparently is not tied to V2.
The first factor is, of course, the innovative and appealing Bitrise tokenomics. This is the Bitrise token whitepaper. As a hyper-deflationary token, Bitrise has several ways it ensures investors are making good returns in their token investments.
Support contact: https://support.binance.us/hc/en-us/categories/360002072912-FAQs Zero fees upon the launch Accessible trading interface Supported by tried & tested Binance technology Does not cover all of the US upon the initial launch A limited number of initially available trading pairs Currently no mobile app
Now that you’ve got an idea of what Safemoon is and its background, we can focus on the coin’s long-term outlook. Most beginner crypto investors simply buy Bitcoin (BTC) or Ethereum (ETH), although lesser-known coins such as Safemoon can be better options if you are looking for quick returns. However, that being said, these options tend to be much riskier, so this will depend on your risk tolerance.
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His tweet Friday said: "Letting you all know I have resigned as CEO of @BinanceUS. Despite differences over strategic direction, I wish my former colleagues much success. Exciting new things to come!"
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.