Some investors have predicted even bigger gains for Bitcoin, despite continued criticism of the cryptocurrency by JPMorgan Chase (JPM)CEO Jamie Dimon, who has called the coin "worthless."
In the United States, Binance is also being probed by the Department of Justice, the Commodity Futures Trading Commission and tax authorities, Bloomberg News has reported.
.
Bitcoin price hits new record high - why is Bitcoin up today? Cryptocurrency prices of Bitcoin, ETH and Shiba Inu (Image credit: Getty Images/Canva Pro)
Its value has now plummeted by 99.99%, said cryptocurrency data website CoinMarketCap.
Get the latest news on the CoronavirusWe have launched a daily public interest bulletin to deliver all the updates and vital information to your inbox This website and its associated newspaper are members of Independent Press Standards Organisation (IPSO)
As mentioned above, 4JNET pays its investors to hold on to their tokens. This is to prevent holders from dumping all of their holdings at the same time, thereby crashing the price of the asset. One way that 4JNET does this is through its decreasing service charge mechanism.
Ripple is also more easily converted than other cryptocurrencies with an in-house currency exchange that can convert Ripple units into U.S. dollars, yen, euros, and other common currencies.
Metals fund manager laments ‘zero interest in our strategy’ while bitcoin hits new record
We use cookies and similar technologies on this site to collect identifiers, such as IP address, and cookie and device IDs as described in our Privacy Policy.
One investor who wasn’t deterred was Barstool Sports Inc. founder Dave Portnoy. In May, he announced to his 2.6 million followers on Twitter that he’d bought US$40,000 worth, despite saying that SafeMoon could be a Ponzi scheme, a scam in which early investors’ returns are paid with funds coming from later buyers that collapses when new deposits dry up or too many people try to cash out.
"With more participants in Bitcoin, there is perhaps less volatility, which is in turn attracting more institutional investors and further promoting the stability of the popular cryptocurrency.”
Typically, meme coins don’t gain on fundamentals. Instead, they are usually driven by an internet-based joke.
"Brian's work for Binance.US has been invaluable and we hope he will continue to be an integral part of the crypto industry’s growth, advocating for regulations that move our industry forward," Zhao Tweeted on Friday.
This question does not have a plain vanilla answer in ‘yes’ or ‘no’, as the government and the central bank still look unsure as to how to deal with this new-age phenomenon. In 2018, The Reserve Bank of India (RBI) came out strongly and kind of banned these tokens in India. Then in 2020, the Supreme Court of India reversed the RBI ban. That move was welcomed by the crypto exchanges and investors throughout the country. After this, Indian banks have tried to curtail transactions with crypto-exchanges as, in their view, they are governed by RBI. But later, RBI mentioned that banks cannot quote its 2018 ban to customers as it was overruled by the Supreme Court, paving the way for crypto trading to continue in India.
03 Nov 2021, 09:13 Do you know what's the latest in the world of cryptocurrencies? 28 Oct 2021, 09:14 Can crypto go green? Here are six questions that explain the digital world's bid to become eco-friendly 21 Oct 2021, 09:38 Novel ideas by brands are driving crypto awareness, but are you aware? Take this crypto quiz to find out 14 Oct 2021, 15:44 New week, fresh dose of questions on crypto in India! Take this quiz and test your crypto-quotient 07 Oct 2021, 13:51 Test your crypto and cricket knowledge! Play our weekly quiz to win rewards
Among the cryptocurrencies that could disrupt Safemoon is the Bitrise coin, which is the fastest growing crypto at the time of writing. The coin was launched at the end of July. Shiba Inu is another piece that has been doing very well since its launch in August. However, experts have pitted Safemoon against Bitrise, which is now billed as the next “Safemoon”.
Copyright © 2020 Blockchain Council | Blockchain-council.org. All rights reserved.