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Profit-booking near the resistance line pulled the price back toward the critical level at $49.54 on Nov. 9. The strong rebound off this level on Nov. 10 suggests that bulls are defending this level with vigor.

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Regulatory announcements can also affect the price of cryptocurrency in already volatile markets. Market volatility is why investing experts recommend keeping any cryptocurrency investments to less than 5% of your total portfolio and never invest anything you’re not OK with losing. .

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Alexis Ohanian has partnered with the Solana Foundation to invest $100 million to build social-media projects on the solana blockchain.
Each asset holds a value, often priced in U.S. dollars, which leads to another use case: trading and investing. Aside from stablecoins — which seek to stabilize the instability of cryptocurrencies by pegging an asset to something else, such as the U.S. dollar — most cryptocurrencies constantly fluctuate in price. You can trade between cryptocurrencies and national currencies (called fiat currencies) on exchanges, depending on the trading pairs available on the platform of choice.

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Mexico’s central bank on Monday swatted down the cryptocurrency enthusiasm expressed over the weekend by one of the country's leading bankers.
Musk’s influence cannot be underestimated as, even though the likes of PayPal, Mastercard and Facebook have backed cryptos, the Tesla announcement still rocked the market.

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EL ZONTE, El Salvador (AP) — After El Salvador’s congress made the bitcoin legal tender this week, eyes turned to this rural fishing village on the Pacific coast. Known to surfers for its pounding waves, El Zonte has had the cryptocurrency in its economy for the past year.

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Understanding ICOs and other cryptocurrency offerings (North American Securities Administrators Association)

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    However, cryptocurrency experts had warned of several tell-tale signs that it was likely to be a scam.

    There are more than 2,000 cryptocurrencies available to trade, as of November 2018. As more and more cryptocurrencies enter the market, underpinned by faster and more efficient networks, the status of existing coins may be threatened. For example, the network transaction value of TRON (TRX), as of October 2018, exceeded that of larger market-cap cryptocurrencies such as Bitcoin and Ether. Also, some sources list more than 900 cryptocurrencies classed as ‘deceased’ thus far, indicating the stiff competition faced by each coin.* Bitcoin is a weird, wonderful and volatile market to trade. Here’s what to know about this remarkable asset. Discover the differences and similarities between Bitcoin and gold, and how you can trade the two instruments. This trading guide is designed to help day traders navigate the cryptocurrency market with control and confidence and is built on decades of experience.
    Customers’ digital assets held on other trading platforms are not automatically transferred to Binance.US. Transferring a cryptocurrency from other wallets requires the customers to use the deposit address on the Binance.US account as the target address. Upon selecting the desired crypto, the user can either copy the address or scan the appropriate QR deposit code. Wallets also support insights into deposit and withdrawal history.

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    A feature of the Ethereum network is that it enables its users to create decentralised apps, known as ’dapps’, and smart contracts.

    SafeMoon V2 involves the launch of an upgraded contract that has a change to the coin’s consolidation formula. Consolidation is a DeFi feature that the SafeMoon teams likens to reverse stock splits with the added idea that it will be beneficial for investors. It is a way for the team to “tidy up the numbers” without changing the actual ownership percentages among investors.
    Even though many coins are on an uptrend, Bitrise is worth considering as thousands of Shiba Inu and Safemoon holders have joined since its release.

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    Bitcoin uses a Proof-of-Work mining system. This means a network of miners computes complex calculations to keep the Bitcoin blockchain running. Miners earn newly minted Bitcoins as a reward for their work. Proof-of-Work allows Bitcoin to attach a physical value to its transactional system. A Bitcoin is worth a certain amount of computing power.

    It was a rough year for bitcoin–and cryptocurrencies in general. Here’s a look at how we got here.
    “This is because if the bill passes, exchanges will have to issue 1099-B tax forms with cost basis information to investors,” Shehan Chandrasekera, CPA, head of tax strategy at CoinTracker.io, a crypto tax software company, recently told NextAdvisor. “This will significantly reduce the crypto tax filing burden.”

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    Before coming to POLITICO, Caitlin worked on the social desk for ABC News’ D.C. Bureau, where she used social media to monitor coverage areas, curated images and videos for broadcasts, pitched and reported out stories and collaborated on breaking news.

    China’s crackdown has delivered a windfall to international groups that mint digital tokens
    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!"

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UK crypto asset businesses must register with the Financial Conduct Authority - and you can check to see if they are on the Financial Services Register or if they are on a list of firms with temporary registration.

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SafeMoon technically isn't a cryptocurrency but a DeFi token, according to its website.

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Bitcoin price has spent roughly two weeks consolidating around a psychological barrier and shows no affinity to move higher or lower. This indecision indicates reduced volatility and that an explosive move is on its way. Read full analysis Pulse Bomber Launched with a Low Market Cap and Big Future Potential Bybit - Could remittances be the next major use-case for cryptocurrencies?

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Decentralized NFT Marketplace: The EverGrow team is also creating the world's first decentralized NFT lending platform. The platform will be based on BSC, which would enable NFT owners to easily borrow against their NFTs as collateral at reasonable interest rates without having to sell them. This will allow individuals to generate money just by lending their NFTs.

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