The decentralized finance (DeFi) protocol released its highly anticipated wallet at 17:00 CET on August 28. However, less than 30 minutes after, Safemoon’s CEO John Karony posted a tweet revealing that they had encountered “technical difficulties.”
SAFEMOON launched earlier this year - and it's already attracting attention from cryptocurrency investors.
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Here’s our guide to crypto, and why so many people are talking about it these days.
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Bitcoin is inarguably the most famous cryptocurrency to date. Designed by an anonymous individual under the pseudonym ‘Satoshi Nakamoto’ in 2008, it is the biggest by some distance in terms of market capitalization.* It can be used as a medium of exchange, with companies in sectors ranging from travel to gift cards to jewellers having accepted Bitcoin as payment through anonymous transactions.
Musk’s decision signifies a sharp u-turn for Tesla who only started accepting Bitcoin as payment for its services in February 2021.
Bitcoin had rallied 220% in 4Q 2017 and if history repeats itself, Bitcoin could reach $96,355, which could potentially be this cycle’s top.
TamworthAaron Michael Kennedy, 31, was also placed on the sex offenders’ register for a period of 10 years.
SafeMoon is still a relatively new cryptocurrency compared to others, having only launched in March 2021.
The former US banking regulator and crypto enthusiast is resigning at a time when regulators in Hong Kong, Britain, Germany, Japan, Italy and Thailand have cracked down on Binance due to worries over investor protection. Watchdogs globally also fret that the boom in cryptocurrencies is aiding money laundering and increasing systemic risks.
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"It is one of many schemes by which naïve retail investors are drawn in and exploited by malevolent crypto promoters," Cornell University economist Eswar Prasad told the BBC.
Palantir's (NYSE: PLTR) stock price tumbled 9% on Tuesday after the data-mining firm posted its third-quarter earnings. The pullback was a bit surprising since its growth rates looked healthy and it offered rosy guidance for the full year.
And that, we regret to inform you, has led to some rather silly thinking (highly unusual in the crypto community, we know), specifically of the chart-crime variety:
Chief among them was PayPal, which made Tesla founder and noted cryptocurrency advocate Elon Musk’s first fortune and proved to be a harbinger of today’s mobile payment technologies that have exploded in popularity over the past 10 years.
Crypto gains may be fueling the labor shortage as people buck low-paying work and take their chances on risky digital assets, research firm says