On the contrary, if the price rebounds off the breakout level, it will suggest that bulls are buying on dips. The pair could then rally to the overhead resistance at $2.47. This is an important resistance for the bears to defend because if it cracks, the pair could rise to $2.80.
WARREN DAVIDSON: The industry is basically pleading, give us some regulatory clarity.
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As the popularity of cryptocurrencies such as Bitcoin explode, the Biden administration is laying the groundwork for heavier regulation, and that could spark a big fight in Congress. Cryptocurrency is at a crossroads. As its popularity explodes and bitcoin hovers near a record high, the Biden administration is laying the groundwork for heavier regulation. That could set up a fight in Congress. As NPR's David Gura reports, a small group of lawmakers is worried the U.S. could miss out on an opportunity to be a leader in a financial revolution.
The supply of a cryptocurrency depends on how many new coins are being mined and how many current owners want to sell their coins.
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Zimbabwe is looking at adopting cryptocurrency as legal payment, top government official says
Elon Musk’s announcement that Tesla would no longer be accepting Bitcoin as payment on environmental concerns was followed by China issuing a crypto crackdown.
However, cryptocurrency is unique as it is typically decentralised so there is no control from government interference. Cryptocurrency uses something called a blockchain.
In the series of crypto revolutions, EverGrow COIN aims to become the next big New Cryptocurrency in 2021 by being the first Yield Generation token that rewards its users in USDT. This next-generation hyper-deflationary new crypto uses a unique buyback mechanism that provides users with consistent returns and benefits from the contract's buyback process.
On the other hand, Binance.US only has U.S. customers. The size of its liquidity pool is limited to the number of U.S.-based traders. However, operating in one of the largest crypto markets in the world, Binance.US still has a large enough liquidity pool to satisfy the needs of any small-scale trader. In April 2021, the trading volume on Binance.US was more than $28 billion. Binance.US has a much smaller liquidity pool than Binance, but it is enough for all but the very largest traders.
Binance vs Binance.US - If you want to trade on Binance, the choice is relatively simple. If you are based in the United States, Binance.US is your only available option. If you are outside the U.S., you can trade on Binance's main exchange. This blog will explain the major differences between each platform.
The breach occurred on November 3 when an “unauthorized third party” gained access to information from a number of users.
Cardano is up over 9 percent in the last 24 hours and nearly 14 percent in the previous week. It is priced at around $2.23.
Business News›Markets›Cryptocurrency›Binance US CEO Brooks resigns just three months into job
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Going forward, it's impossible to know for sure how the value will change and whether it could rise further.