Binance.US claims to have undertaken appropriate measures dedicated to protecting its customers from theft and hacking, in line with its policy of prioritizing security.
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Brits are being warned they risk losing all of their money if they invest in bitcoin and other cryptocurrencies.
It was first outlined in a 2008 white paper published by Satoshi Nakamoto, a pseudonymous person or group.
Bitcoin plunged to as low as $8,200 on Binances U.S. exchange from around $65,000.
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Bitcoin operates on its own blockchain, and so does Ether. The Binance Smart Chain is a separate blockchain that inherits many software features and protocols from the Ethereum network. One feature of the Ethereum network (and thus also the BSC) is the ability to host software programs (called smart contracts).
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.
The factors leading to SafeMoon’s adoption by institutions and companies primarily are based on the following fundamentals of the latest news that certify SafeMoon a good investment:
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“One of our institutional traders indicated to us that they had a bug in their trading algorithm, which appears to have caused the sell-off,” Binance.US said in an emailed statement. “We are continuing to look into the event, but understand from the trader that they have now fixed their bug and that the issue appears to have been resolved.”
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Virtual currencies. Like fiat currency, virtual currencies such as Bitcoin, Litecoin, and Ether are intended as a medium of exchange that enables two parties to transact business. But there are important differences: No physical coins or bills. Virtual currencies exist only in computer code. Except for visual representation of Bitcoin and altcoins in advertising and displays, and coin-like tokens that may be produced for marketing purposes, there are no actual coins or bills. Not legal tender. Virtual currencies are not legal tender and are not issued or backed by a government. However, many virtual currencies, which are called convertible virtual currencies, can be redeemed for fiat currency on a number of exchanges. No regulation. Virtual currencies are not regulated by any government agency or authority. However, regulation is being considered, especially where virtual currencies function as securities when they’re used to raise capital and when traded on exchanges.
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Cryptocurrencies’ finite supply makes them inherently deflationary, more akin to gold and other precious metals — of which there are finite supplies — than fiat currencies that central banks can, in theory, produce unlimited supplies of.