Elon Musk’s announcement that Tesla would no longer be accepting Bitcoin as payment on environmental concerns was followed by China issuing a crypto crackdown.
Copyright © 2020 Blockchain Council | Blockchain-council.org. All rights reserved.
.
Despite having no top celebrity, actors, musicians, and entrepreneurs backing it, SafeMoon has still managed to gain the limelight. Its investors are mostly common folks spread across the world who want a better life for themselves and their families.
At the moment, Binance.US officials promise that this gradual coverage is only the beginning, making it their mission to eventually include as many US states as possible.
This is mainly because of the extreme volatility that takes place in the industry. If you’re not careful – you could lose a lot of money quickly.
But, why do individuals mine cryptocurrency? The most obvious answer is that some people seek a second source of income and others want more financial freedom without the interference of governments or banks. For instance, crypto miners verify the legitimacy of transactions in exchange for Bitcoin as a reward for their efforts.
Safemoon investing will be made much more accessible if this happens, leading to more accurate price data. Time will tell whether this happens, but keep an eye out in the months ahead.
Initially, Binance.US considered listing up to 30 crypto assets, with those deemed most important making it to the Phase 1 list. Some have noted the absence of high-profile Binance IEOs (initial exchange offerings) from this list as well as the lack of support for Tron (13th by market capitalization at the moment).
Competing interests: The authors have declared that no competing interests exist.
IG provides an execution-only service. The information in this site does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of or solicitation for transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result.
As this platform does business as a separate entity from Binance, the users’ digital assets will be stored in Binance.US wallets only.
Welcome to the premium services of Business Standard brought to you courtesy FIS. Kindly visit the Manage my subscription page to discover the benefits of this programme.
Reviews of Binance.US are, on average, worse than those of Binance, a small consolation for those who live outside the U.S. Despite this, many of the issues pointed to regarding support for American customers relate to issues that stemmed from the company’s rushed set up of the newer website.
Safemoon members are now joining in the thousands with competing cryptocurrencies, like Bitrise, and this could continue if the Safemoon team does not address the fundamental issues. However, Safemoon remains one of the most powerful crypto coins out there, but dominance may be short-lived.
Bitcoin is the world’s most widely used cryptocurrency and is generally credited with bringing the movement into the mainstream.
Life & Arts HomeArtsBooksFood & DrinkFT MagazineHouse & HomeStyleTravelFT Globetrotter
Immigrating to a new country is often very exciting. After all, you have the promise of a new life, a... SECTIONS Congress White House Magazine The Agenda Video Podcasts Congress Minutes SERIES The Fifty The First 100 Days Recovery Lab The Vaccine Race Women Rule NEWSLETTERS Playbook Playbook PM POLITICO Nightly West Wing Playbook The Recast Huddle All Newsletters POLITICO LIVE Live Home Upcoming Events Previous Events About POLITICO Live POLICY Agriculture Cannabis Cybersecurity Defense Education eHealth Employment & Immigration Energy & Environment Finance & Tax Health Care Space Sustainability Technology Trade Transportation