The world’s largest crypto exchange is going legit. Binance, which processes more than $1 billion on a daily basis and for so long has embodied crypto’s Wild West culture, announced that it will launch a U.S.-based service — but, in the meantime, it is implementing restrictions for U.S. passport holders worldwide and those based in the country.
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Rising inflationary pressures are dragging stocks and bonds, which may prompt the Fed to hike interest rates earlier than expected, an expert said.
But one of these sessions caused SafeMoon’s price to plummet by more than 50 per cent.
It follows recent crashes brought on by Tesla making a u-turn on accepting Bitcoin as payment for its products and China clamping down on initial coin offerings, block exchanges and warned against speculative trading.
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“Altcoin” refers to any blockchain-based cryptocurrency that isn’t Bitcoin. The term “altcoin” was coined as a shorthand for “alternative to Bitcoin,” and the vast majority of altcoins were created to improve Bitcoin somehow. Namecoin, Peercoin, Litecoin (LTC), Ethereum and USD Coin (USDC) are examples of altcoins.
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It’s too soon to tell how many investors will get in on BITO — but the fund did see lots of trading action in its first week. In general, the more accessible cryptocurrency assets are within traditional investment products, the more Americans could buy in and influence the crypto market. Instead of learning to navigate a cryptocurrency exchange to trade your digital assets, you can add crypto to your portfolio directly from the same brokerage with which you already have a retirement or other traditional investment account.
But of course you'll want to be wary of another possible Squid Game fiasco, which reportedly scammed users of an estimated $3.38million.
Cryptocurrency can gain value on exchange platforms. It increases in value based on supply and demand.
Track your crypto portfolio with the latest prices from coins, altcoins and tokens, such as Bitcoin, Ethereum, XRP Ripple, Litecoin, Bitcoin Cash, EOS, Tether, Binance BNB, Stellar, Cardano, Monero, Doge and 2000+ more. View your portfolio in 90+ fiat currencies such as USD, EUR, JPY, KRW, CNY, crypto bases such as BTC, ETH, XRP, LTC and precious metals such as Gold and Palladium. Track the health and performance of your crypto portfolio with CoinMarketCap price data. Update your crypto holdings with the simple add and subtract interface when make new transactions.
Over the last few weeks, rumors have been gaining traction on the internet that GameStop is partnering up with Loopring to launch an NFT marketplace.
As this platform does business as a separate entity from Binance, the users’ digital assets will be stored in Binance.US wallets only.
The growth of SafeMoon, coupled with its online slogan, has drawn comparisons to the surge in popularity of another cryptocurrency Dogecoin. (Pic: Shutterstock)
You can earn rewards through the exchange by holding certain coins in your Binance.US account — a strategy called “staking.” According to Binance.US, staking helps support the operations of these coins’ blockchains.