Shiba Inu Beats Bitcoin, Ether, and Dogecoin as Most Popular Cryptocurrency on Twitter: Report
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Binance.US was founded in 2019 in response to regulations that impacted Binance’s business in the United States. U.S. regulators believed some of the crypto assets that Binance’s trading platform allowed a user to trade were essentially securities. A security is a category of financial products which includes stocks, bonds, and specialized derivatives like futures. Trading in securities in the United States requires extensive licensing. Rather than change its main exchange to suit U.S. regulations, Binance instead created a separate exchange for U.S. customers, called Binance.US.
Daily NFT sales volume on open-sea has started consolidating, and there is a good chance that the market had probably found a bottom, said Hitesh Malviya, Founder, itsblockchain.com.
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A look at the recent charts shows that Safemoon has been on a downward trend since the start of November. Safemoon has also not been doing very well since its last all-time high around 21st April 2021. Despite a surge in mid-May, the next time Safemoon experienced bullish growth was the end of October.
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SafeMoon Made it to the ‘Top 100 Crypto List’ without Major Listings in Top Trading Platforms
— “Those are among the more visible recent fruits of a well-funded campaign by Mr. Orban in the United States that stretches back a decade and now stands as a case study in how governments around the world seek to shape policies and debates in Washington, sometimes raising concerns about improper foreign influence in U.S. politics.”
As this platform does business as a separate entity from Binance, the users’ digital assets will be stored in Binance.US wallets only.
In what traders call a “scam wick,” the one-minute BTC/USD differed dramatically from other major exchanges, which logged a one-minute candle with a floor of around $64,200.
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.
That 90-day period ends September 12, so that’s effectively the deadline for Binance to launch its new U.S. exchange if it is to avoid impacting its American user base.
Even with its usual ups and downs, Bitcoin has mostly been on the rise following a drop under $30,000 in July.
Crypto market capital shoots to $2.34 trillion with Ethereum occupying 20% of crypto economy
It is also important to mention that Bitrise is one of the coins that Safemoon lost whales to some time ago. This is just one sign that Safemoon is in deep trouble.