A look at funding rates across exchanges hints at excessive optimism, with traders going long on BTC en masse — a classic indicator of a correction.
But this time feels different. It feels like a bubble. The fever in the post-Thanksgiving moonshot ran hotter than we’d seen before. We also began to see a robust supply response.
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Unlike other cryptocurrencies, SafeMoon claims it will reward people who buy its token and hold on to it rather than trade - for which there are penalties in place.
The world's richest man now wants to be known as "Lorde Edge" based in a new location called "Trollheim."
All images, branding and wording is copyright of Binance.US. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the company mentioned on this page. Photo: Clockwise from upper left: Brian Brooks, Catherine Coley, Venkata “Murthy” Renduchintala, Brian Boland, Kirthiga Reddy and Janice Min
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In preparation for the snapshot, deposits and withdrawal of OMG tokens will be temporarily disabled on November 11, 2021, at around 6.45 pm EST/3.45 pm PST. Trading, however, will not be affected.
The riskiness is taken a step further when it comes to newer coins because they make you more vulnerable to scams when compared to ones that have been around longer such as Bitcoin.
The market has been quite bullish on Bitcoin. Despite more than 13,000 cryptocurrencies listed on CoinMarketCap, Bitcoin remains the dominant digital currency.
This saw Bitcoin prices tumble to below $30,000 in a dramatic plummet from its soaring success.
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The market for cryptocurrencies has roughly quadrupled from its 2020 year-end value [File: Paul Yeung/Bloomberg]
Cryptocurrency market is down 2.24% on the last 24 hours (2.15pm, Thursday 11 November).
The funding was intended as the first step towards a future IPO, which Binance still claims is on the cards. Notably, Brooks lost out on the Coinbase IPO when he left to join the OCC. When he took on the OCC role in April 2020, he received $4.6 million for canceling his Coinbase options contract. Just a year later, the stock owned by Paul Grewal, his Coinbase replacement, was worth $300 million when Coinbase was listed.
Buy Bitcoin, Ethereum, Cardano, Tezos, ChainLink, and more with USD. Link your bank account, add a debit card, or use wire transfer to buy and sell crypto instantly.
Roblox's (NYSE: RBLX) stock skyrocketed 42% to an all-time high on Nov. 9 after the gaming platform company posted its third-quarter report. Roblox's revenue jumped 102% year-over-year to $509 million, which missed analysts' estimates by $127 million.
The tokens that are pending will not count towards OMG balances. The users are hence cautioned to complete pending withdrawals and deposits well before the set time for the snapshot. The caveat issued says that to receive a BOBA airdrop, the user needs to have a minimum of 0.1 OMG(excluding pending orders)in the user’s Binance.US account.