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GARY GENSLER: This asset class is rife with fraud, scams and abuses in certain applications. There's a great deal of hype and spin about how crypto assets work.

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Cryptocurrency’s technical foundations date back to the early 1980s when an American cryptographer named David Chaum invented a “blinding” algorithm that remains central to modern web-based encryption.
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Squid's developers have made off with an estimated $3.38m (£2.48m), according to technology website Gizmodo.
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Decentralized NFT Marketplace: The EverGrow team is also creating the world's first decentralized NFT lending platform. The platform will be based on BSC, which would enable NFT owners to easily borrow against their NFTs as collateral at reasonable interest rates without having to sell them. This will allow individuals to generate money just by lending their NFTs.
This Ethereum project is bringing ‘virtual lifestyles’ to NFT metaverse Decentraland Lisa Gibbons · 3 days ago · 2 min read

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As recently as May 2021, Binance was under investigation by the U.S. government for tax fraud and money laundering, according to reporting by Bloomberg.

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After all, gold is often touted as the ultimate inflation hedge, yet it’s still subject to wild volatility — more so than many developed countries’ fiat currencies.

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    President of Islamic Development Bank, African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, World Bank Group respectively.

    However, while there are some organisations that accept it as currency, others shy away due to Bitcoin’s dramatic price swings. Driven largely by speculation, the price per Bitcoin rose sharply from $1,151 in January 2017, to an all-time high of $19,783 in December the same year.* It then dropped to below $7,000 by February 2018 and rallied again to around $11,000 over a matter of days, before plunging once more to trade below $4,000. Subsequently, one of the key characteristics of Bitcoin that traders should understand is its potential for extreme volatility.
    The process for buying Safemoon in the U.S. is broadly the same as anywhere else. The main thing is to get Binance tokens into a wallet. Then, you can use a Defi application (like PancakeSwap) to buy your Safemoon tokens.

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    However, after three months in the role, Brooks resigned amid an alleged battle over independence from Binance CEO Changpeng Zhao. Brooks himself did not give his reason for leaving.

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    The variation of available services, even from state to state, increases friction on the platform and rules out a large swathe of potential users. While this may improve with the expansion of Binance.US, currently, Binance is by far the better platform when it comes to choice.

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    Our Safemoon prediction for 2025 states that the coin could be valued at around $0.000025 if the developers can improve its current usability.

    China is one market to impose strict regulation that impacted prices. In February 2018, the country blocked its citizens from accessing websites that offer cryptocurrency trading services, prompting a 15% fall in Bitcoin and 20% plunge for Ether. Similarly, in January 2018, Bitcoin’s price was hit by new South Korean legislation requiring traders to reveal their identity.
    Currently, the price of Safemoon is hovering around the $0.0000014 level. This is around 90% down from the heights the coin reached in April 2021.

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    Bitcoin plunged to as low as $8,200 on Binances U.S. exchange from around $65,000.

    Meanwhile, Ethereum also hit a record — rising to $4,837.59, according to CoinMarketCap.
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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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Binance.US currently supports desktop and mobile-based web access upon initial launch, with the promise to provide app version down the road. No matter what type of client is served, the platform guarantees access to the Binance’s matching engine which supports up to 1,400,000 orders per second.

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But while it’s based on sound, democratic principles, cryptocurrency remains a technological and practical work in progress. For the foreseeable future, nation-states’ near-monopoly on currency production and monetary policy appears secure.

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With its bullish structure now invalidated, those looking for long positions will need to eye support levels at $2.44 and $2.2. Should the crypto market remain bearish (with BTC having a probability of revisiting $60-62K), these levels are likely to come into play.

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