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EL ZONTE, El Salvador (AP) — After El Salvador’s congress made the bitcoin legal tender this week, eyes turned to this rural fishing village on the Pacific coast. Known to surfers for its pounding waves, El Zonte has had the cryptocurrency in its economy for the past year. .

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Bitcoin and other leading crypto coins experienced a significant drop in share price after investors began dumping mining equipment as China announced fresh regulations.
Jack Purdy, a senior research analyst at crypto analysis firm Messari Inc., said that while he didn’t know how risky SafeMoon might be, its website makes it clear that it’s designed to get investors to buy and hold to “earn passive rewards through static reflection as they watch their balance of SafeMoon grow indefinitely.”

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SAN DIEGO (AP) — A Los Angeles man pleaded guilty Wednesday to participating in what prosecutors called a “textbook Ponzi scheme” that defrauded cryptocurrency investors worldwide of more than $2 billion.
Cryptocurrency prices can move in spectacular fashion, and there are a variety of triggers for such volatility. Here are a few of them:

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Many investors see Bitcoin’s price swings as part of the game, but “volatility is tough for individual investors to deal with,” Noble says. Like Yang, he warns against selling too fast.

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US consumer prices rise at fastest pace in three decadesBill Ackman tries to win neighbours’ support for divisive glass penthouseDaily falls in England’s Covid cases on longest run since February‘Nein Danke’: the resistance to Covid-19 vaccines in German-speaking EuropeUS and China pledge co-operation over ‘existential’ climate crisis

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    RENO, Nev. (AP) — A former school teacher has sued the CEO of a major cryptocurrency company that wants to build a smart city in the Nevada desert, accusing him and his wife of sexually harassing her and creating a hostile workplace at their Lake Tahoe home where she worked as a nanny, tutor and assistant...

    Its value has now plummeted by 99.99%, said cryptocurrency data website CoinMarketCap.
    Make sense of what’s happening in the financial markets and how Wall Street's best minds respond, with our Unhedged bulletin. Delivered every weekday.

  • Bitcoin Halving Good Time To Buy

    Bitcoin’s price spiked above its previous record high of $67,700 seen in late October on Tuesday morning in a continued surge of support for the world’s most popular cryptocurrency.

    Bitcoin is widely regarded as the first modern cryptocurrency — the first publicly used means of exchange to combine decentralized control, user anonymity, record-keeping via a blockchain, and built-in scarcity.
    DigbethRaihan Ahmed, 20, was doing more than double the speed limit when he hit much-loved Ghulam Nabi

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    The first, Moonshot Buyback, is a colossal buyback that is deliberately executed at critical points in the market, resulting in a giant green candle on the chart, which could explode the Token prices. Moonshot is used when the chart is in desperate need of it. The AutoBoost Buy-Back System activates when Volume is low and modest purchases are made to discourage early sellers. This ensures a proper burn and that the price per token increases each time the buyback is enabled to make the New Cryptocurrency to explode.

    Now the country’s central bank, People’s Bank of China, has effectively banned digital coins after announcing all transactions of cryptocurrencies are illegal.
    Plus, a short seller’s $1m ‘bounty’ on Tether, more outflows from unloved UK stocks and Tom Stoppard’s Leopoldstadt

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    Reported Volume calculates volume from all exchanges with market pairs, but due to factors such as wash trading, it is considered an unreliable metric.

    Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service
    Regulation in any financial arena can be a complex minefield, and cryptocurrency is no exception. Allow Coin Rivet to steer you through the murky waters of what it all means. It’s the role of the regulators to create the rules and guidelines – but it’s our job to make sense of it for you…

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“Bitcoin appears to be pushing out of a bullish flag pattern, and Ether is likely to confirm a long-term breakout on a close above resistance this Friday,” said Katie Stockton, founder and managing partner of Fairlead Strategies, in a note.

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Mainstream companies across industries have taken interest — and in some cases themselves invested in — cryptocurrency and blockchain in 2021. AMC, for example, recently announced it will be able to accept Bitcoin payments by the end of this year. Fintech companies like PayPal and Square are also betting on crypto by allowing users to buy on their platforms. Tesla continues to go back and forth on its acceptance of Bitcoin payments, though the company holds billions in crypto assets. Experts predict more and more of this buy-in.

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Its competitors, Dogecoin and Shiba Inu faced several lows for months and years straight but are at a different position now. SafeMoon could walk the same path as its competitors and would find a ‘breakout’ all of a sudden.

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— In a 1,500-word memo obtained by The New York Times over the weekend, the company’s top lobbyist, Nick Clegg, sought to rebut Haugen’s allegations ahead of her unveiling in an episode of “60 Minutes” on Sunday night. “Social media has had a big impact on society in recent years, and Facebook is often a place where much of this debate plays out,” he said in the memo, in which he called Haugen’s impending accusations, which included blaming Facebook for January’s insurrection at the Capitol, “misleading.” He wrote that “what evidence there is simply does not support the idea that Facebook, or social media more generally, is the primary cause of polarization.”

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