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A daily roundup of news and information about Bitcoin, Ethereum, Dogecoin and more, this page has everything you need to know about cryptocurrency. The pricing of cryptocurrency changes very frequently and remains highly volatile. Even looking at only the most well-known crypto tokens such as Bitcoin, Ether (not to be confused with the Ethereum network for which it is the native token), Dogecoin, Litecoin and Ripple, there has been a lot of movement in their value.
Also, several businesses now receive bitcoin as payment for goods and services – another reason why it is a wise investment. For instance, Visa transacts with BTC, and in February, Tesla announced that the company has invested $1.5 billion in BTC and will also be accepting it as means of payment for its cars. Additionally, the large banks are already incorporating BTC transactions in their offers too.
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The worldwide crypto market capitalization is currently $2.90 trillion, decreasing 1.25% over the last day. (Shutterstock)
While, theoretically, U.K. users are still able to fully use the platform, responding to the ruling, a number of U.K. banks, including Barclays and HSBC, have since banned their customers from depositing into Binance.
While its price had fallen slightly from a 24 hour high of $68,525 on Tuesday morning to $67,983.80 as of 2.10pm, Bitcoin’s price hike still represents a year-on-year increase of more than 300% on last November’s value.
Finally, users can fund their accounts from as little as $50, making the platform very accessible to beginners. Deposits can be made via credit/debit card, bank transfer, or various e-wallets. Notably, eToro even accepts PayPal and Klarna, making it super easy to fund your trading account!
Binance CEO Changpeng Zhao insisted that the long-term pay-off will be worth any compromise.
All the signs, however, were there. Like previous bubbles, people were basing their belief in the cryptocurrency on their emotions, not any intrinsic value. Then there was the FOMO element, which only compounded things. Essentially, bitcoin became an international fever. Random companies were “pivoting to blockchain” for no apparent reason other than that it seemed like a way to create buzz. But when the bubble bursts, FOMO turns into fear of losing, which makes for an especially rapid plunge.
Cryptocurrency is formed through a process known as mining, which entails employing computer processing power to solve complex mathematical problems to earn coins. Users can also purchase the currencies from brokers, which they can then store and spend using encrypted wallets.
As of 8am ET on Thursday morning, it was slightly up in early trading. Bitcoin, however, was down under $65,000 at 8am ET, according to CoinBase.
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Based on a mathematical and scientific blockchain algorithm, it is highly unlikely that SafeMoon gets hacked. As owners of SafeMoon, you are anyway masters of your wallet, and hence safekeeping thereof falls in your periphery of accountability.
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Now one can ever be sure in this “space” but we *think* given that the blue line is so vertical that it literally bends backwards, and that the guy seems to have a sense of humour in his other tweets, this is a joke. We’re not sure “@unusual_whales” got the memo, did he, oh well. Can someone please make sure someone at Citi did? Jemima Kelly Add to myFT FT Alphaville Add to myFT Bitcoin Add to myFT Fintech Add to myFT Cryptocurrencies Add to myFT