The cryptocurrency market is a vast and sometimes confusing place with different coins to choose from.
According to an article in yesterday’s New York Times (NYT), Brian Brooks departed the CEO position at Binance.US when a $100 million venture capital funding fell through. He’d been in the position for just over three months. .
It comes after the cryptocurrency dipped by approximately after surging to $67,700 in late October as traders appeared to pull back in anticipation of another price pump.
$700 Million in Crypto Longs and Shorts Liquidated in 24 Hours as BTC Loses $6,000 in Three Hours
“Regulation is probably one of the biggest overhangs in the crypto industry globally,” says Jeffrey Wang, head of the Americas at Amber Group, a Canada-based crypto finance firm. “We would very much welcome clear regulation.”
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.
After all, gold is often touted as the ultimate inflation hedge, yet it’s still subject to wild volatility — more so than many developed countries’ fiat currencies.
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%.
“You can’t ever determine how long or how far up a speculative investment can go, and you tend to be very shocked at how much it falls,” she said.
Further, EverGrow will launch its Play-to-Earn games. Each sort of "Hero" will have its own unique set of powers and limitations in these games. While gamers will be enjoying their gaming experience, EverGrow will give daily login and NFT incentives. These NFTs can be traded with other players or utilized in built-in NFT markets. As a result, players will profit from the economic growth of the in-game assets.
The scope of the Binance.US error, however, was in a league of its own and did not go unnoticed by market participants.
SafeMoon is still a relatively new cryptocurrency compared to others, having only launched in March 2021.
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WASHINGTON (AP) — Federal regulators have accused a group of people of promoting a securities offering tied to digital currency that raised over $2 billion from retail investors without being properly registered.
Additionally, crypto regulation outside the U.S. has changed over time, based on evolving regulatory guidelines. The fifth Anti-Money Laundering Directive from the European Union, for example, entails that crypto buying, selling and other operations must comply with certain guidelines in certain regions.
“Don’t check on it. That’s the best thing you can do. If you let your emotions get too much into it then you might sell at the wrong time, make the wrong decision,” says Yang.
Hoskinson, who is also a founder of Ethereum, launched the Cardano blockchain platform in 2017.