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Cryptocurrencies are digital currencies that are not managed by the government or any central system but are built on blockchain technology. In the last decade, cryptocurrencies have gained traction, have become more popular, and are becoming more of an option for individuals and organizations to invest in.
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Users are being warned after a security breach at Robinhood has leaked sensitive information.
Essentially it is very hard to tell which firms are real and which ones are scammers.
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SafeMoon was created by Karony and two of his fellow developers from TANO, a Provo, Utah-based video game studio with a bare-bones website. It launched in March with a big social media push, including a giveaway of 100 billion tokens (then trading for less than $0.00000001 each) for “lucky winners” who followed @safemoon, liked and retweeted then tagged three friends.
$SAFEMOON is the Safemoon crypto symbol. The appearance of Safemoon (SAFEMOON) on cryptocurrency exchanges, charts, and graphs identifies this digital currency.
Holders earn passive rewards through static reflection as they watch their balance of SafeMoon grow indefinitely.
Laith Khalaf, financial analyst at investment platform AJ Bell, previously told The Sun that although long-term investment is encouraged, SafeMoon "doesn't sound too different from a pyramid selling scheme".
Enforcement Director Joe Rotunda discusses fraud in crypto-related securities offerings:
This lack of regulation means its transaction costs are less - making it an attractive tool or investment for people to move digital money around the world.
In the last 24 hours, Bitcoin has gained around 3 percent and is trading above $67,000. The crypto has added over 10 percent in the past week.
We reached out to Binance and Binance.US in an attempt to confirm details about reported regulatory investigations, as well as to better understand the relationship between the international and U.S-based platforms. We didn’t hear back from officials at Binance or Binance.US, though a spokesperson contacted us on behalf of Binance.US after our review published to provide additional context on the relationship between Binance and Binance.US. They operate as separate companies, the spokesperson said in an email, with Binance.US licensing software, trademarks, and wallet technology from Binance.
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Binance.US has an option to automatically buy and sell crypto using U.S. dollars, using a simple interface that’s similar to what you’ll find on Coinbase and other competitors. Each of these buy/sell transactions charge a 0.5% fee.
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