Coinye, a semi-defunct cryptocurrency, is worth mentioning solely for its bizarre backstory.
His tweet Friday said: "Letting you all know I have resigned as CEO of @BinanceUS. Despite differences over strategic direction, I wish my former colleagues much success. Exciting new things to come!"
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The launch of the SafeMoon (SAFEMOON) wallet ran into unexpected technical issues, shortly following its release.
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The most fundamental thing you need to understand about Safemoon is that it is not a crypto coin. It is a token that operates on the Binance Smart Chain (BSC). In crypto jargon, a coin is a cryptocurrency that operates on its own blockchain. It is not the same as a token.
There are currently three broad categories of cryptocurrency: Bitcoin, altcoins, and Tokens.
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Overall, Coinmarketcap estimates the global crypto market has shrunk around 10% in the past 24 hours.
At Cointelegraph, we are chronicling the ongoing story of cryptocurrency and the rise of a borderless, permissionless financial system. How will industry stakeholders work to make crypto a mainstay in people’s lives? How will crypto investments change the paradigm of the current financial system? And will incumbent and legacy systems accept or fight this change?
BEIJING (AP) — China’s biggest banks promised Monday to refuse to help customers trade Bitcoin and other cryptocurrencies after the central bank said executives were told to step up enforcement of a government ban.
Redditors recommend buying SafeMoon on every dip. SafeMoon will continue to be appreciated by the buyers and sellers for trading on exchanges of the crypto market, with a solid increase in price showing a potential of $0.009 over this year. Reddit Community
Polkadot has increased more than 9 percent in the last week. It is trading at $52.87.
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Next in line is Bitrise exchange, which is more powerful than the Safemoon Exchange. The IBitrise blockchain will launch last and is said to be using Relaychain and parachains. It's still in the development stage and is already a talk in the crypto market.
The first thing to note is that Safemoon is not currently listed on any major cryptocurrency exchanges such as Binance or Coinbase. Due to this, the amount of liquidity is relatively low, meaning that technical analysis isn’t as accurate as digital coins with high liquidity. The low liquidity of Safemoon means that large buy orders tend to boost price significantly – which, in turn, leads more people to buy into the ‘hype’.
SafeMoon's native token collapsed in price by more than 20% following the issues.