The cryptocurrency market woke up to a shock in early trading on Thursday morning. On the Binance US cryptocurrency exchange, the value of Bitcoin (BTC) plummeted nearly 87 percent in value, settling around $8,200. The issue that caused the value spike was reportedly corrected swiftly and the Bitcoin value returned to its normal levels within a couple of minutes.
You can't ever determine how long or how far up a speculative investment can go, and you tend to be very shocked at how much it falls
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Yet tales of meme-coin holders becoming millionaires have attracted new waves of retail investors to crypto — along with a growing number of nefarious players. In May, the Federal Trade Commission tallied a record number of crypto investment scams, with Americans’ losses totalling around US$80 million since October.
But what is SafeMoon and why has it garnered such an interest? And is it something you should look out for?
As the record of a cryptocurrency’s entire transaction history to date, a blockchain has a finite length — containing a finite number of transactions — that increases over time.
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Bitcoin wasn’t the only cryptocurrency to feel the effects of Tesla’s decision. (Pic: Shutterstock)
Bartram, S. M. and M. Grinblatt (2018), “Agnostic fundamental analysis works”, Journal of Financial Economics 128 (1), 125–147.
US cryptocurrency exchange Coinbase Global Inc on Tuesday reported a nearly 30% fall in third-quarter trading volumes on a sequential basis, hit by lower volatility and declining prices of Bitcoin and other cryptocurrencies.
According to reports on Tuesday 26 October, US regulators are looking for new ways and strategies for banks to hold crypto assets and address their current rise.
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Besides these broader differences, there are also some practical differences when comparing Binance vs Binance.US.
Safemoon cryptocurrency is currently trending as it shoots up in value. For that reason, traders are looking to invest in Safemoon crypto tokens with the hope of seeing a profitable return. So, here’s the lowdown on the Safemoon crypto token price, how and where to buy it, plus the ticker symbol.
Hermes scam text: how to spot a fake parcel 'redelivery' message - and what to do if you receive one