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The world’s largest crypto exchange is going legit. Binance, which processes more than $1 billion on a daily basis and for so long has embodied crypto’s Wild West culture, announced that it will launch a U.S.-based service — but, in the meantime, it is implementing restrictions for U.S. passport holders worldwide and those based in the country.
Additionally, crypto regulation outside the U.S. has changed over time, based on evolving regulatory guidelines. The fifth Anti-Money Laundering Directive from the European Union, for example, entails that crypto buying, selling and other operations must comply with certain guidelines in certain regions.
New York, New York--(Newsfile Corp. - November 11, 2021) - Safemoon has a Tough challenger, Bitrise Coin. There has not been very positive news about Safemoon over the last few months. Safemoon investors are worried about the coin's performance, and its eventual bow down to competition. This means the future of Safemoon is not as it was in April when Safemoon reached an all-time high price.
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It is also important to mention that Bitrise is one of the coins that Safemoon lost whales to some time ago. This is just one sign that Safemoon is in deep trouble.
While the biggest cryptocurrency trades strong, its market dominance has been dipping as investors shift to altcoins, said CoinDCX Research Team.
However, as the BBC reported, it was criticised for not allowing people to resell their tokens.
We couldn’t find any information from Binance.US about its security measures and protections, and the company did not respond to a request for comment. The most descriptive information on the Binance.US site is the following statement, from its homepage: “We use state-of-the-art storage technology to protect your cryptocurrency and USD assets.”
Our Safemoon prediction for 2025 states that the coin could be valued at around $0.000025 if the developers can improve its current usability.
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“We do it in the equity market, we do it in the bond markets, people might want it here,” Gensler said at the Aspen Security Forum over the summer.
Discrepancy in price of token on spot and futures markets opens opportunities for arbitrageurs
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