China is one market to impose strict regulation that impacted prices. In February 2018, the country blocked its citizens from accessing websites that offer cryptocurrency trading services, prompting a 15% fall in Bitcoin and 20% plunge for Ether. Similarly, in January 2018, Bitcoin’s price was hit by new South Korean legislation requiring traders to reveal their identity.
For more on trending cryptocurrencies, check out the latest on Save Planet Earth, IOST, Bonfire, Arweave, and TrueFi.
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No intermediaries. Unlike fiat, virtual currency transactions are conducted directly between two parties, on a peer-to-peer basis, using a decentralized computer network that involves no banks or other intermediaries. Trust in the system is based on digital proof, or the ability of users to access a permanent record of all of the transactions that have taken place.
EverGrow Coin: The Next New Cryptocurrency to explode in 2021 which rewards holders in Stable USDT Yield
Fig 7. Visualisation of the average wavelet coherence values for bubble (solid) and non-bubble (dashed) regimes decomposed by period band.
Shiba Inu cryptocurrency jumped 50% over the weekend, becoming the 11th-largest cryptocurrency.
Regarding regulatory attention, in late June, the UK’s regulator, the FCA, issued a statement that “Binance Markets Limited is not permitted to undertake any regulated activity in the UK.”
According to an article in yesterday’s New York Times (NYT), Brian Brooks departed the CEO position at Binance.US when a $100 million venture capital funding fell through. He’d been in the position for just over three months.
What you can note? DateCoin/Token NameEntry PriceAmount ($)Target PriceStopLoss LimitResult (Profit or Loss)There is a section at the bottom of each page for you to take notes.The pages are decorated with bear and bull figures and pictures of coins.Document your profit/loss.
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Musk’s influence cannot be underestimated as, even though the likes of PayPal, Mastercard and Facebook have backed cryptos, the Tesla announcement still rocked the market.
Speculation is a prominent influence on cryptocurrency prices. As seen with the collapse of Bitcoin’s price in 2018, following a bull run from around $1,000 to just shy of $20,000 in 2017, experienced and inexperienced traders alike can go long for too long – expecting the price to keep rising and fearing missing out on the party.
If you’re investing in cryptocurrency, expect volatility to continue. That’s why experts recommend keeping your crypto investments to less than 5% of your total portfolio.
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The cryptocurrency investment giant has also seen “massive” options volume as gold takes a fresh beating and institutions seek Bitcoin exposure.
Cardano reveals the extent of progress on its plans to digitally connect Zanzibar Samuel Wan · 2 days ago · 2 min read
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