"There are a lot of things in flux, but I would say [we'll launch] in a month or two," Zhao, better known as CZ, told Cheddar in an interview Wednesday.
The SQUID token skyrocketed to a high of $2,861.80 before plunging to zero around 5:40 a.m. Monday. The meme coin's market capitalization hit an estimated $2.2 million, according to CoinMarketCap.
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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.
Indians' investments in crypto grew from about $200 million to nearly $40 billion in the past year
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Coinbase's NFT platform should be like Instagram and may eventually overtake cryptocurrency trading, CEO says
A look at funding rates across exchanges hints at excessive optimism, with traders going long on BTC en masse — a classic indicator of a correction.
Before this latest surge for the top two cryptos, recent sudden drops followed a ban on cryptocurrency transactions and mining from China’s central bank, which declared all cryptocurrencies illegal in the country. After previously topping $52,000 in early September, Bitcoin’s price had dropped and struggled to get back over $50,000 until this month.
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Binance.US At A Glance50+ currencies availableNot available in Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, or VermontFlat 0.1% fee for spot trades; 0.5% fee for instant buy/sell$10 minimum trade Option for recurring investments, for dollar-cost averagingCryptocurrencies Available on Binance.US
The Bitrise platform has created incredible products that are exclusively available for their users. This high growth rate makes the token grow bullish, attracting communities worldwide, including Shiba Inu coins like Dogecoin and Safemoon community members.
There's already a meme coin named after Elon Musk's new Twitter handle - and it jumped 825% in its 1st day of trading
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Each asset holds a value, often priced in U.S. dollars, which leads to another use case: trading and investing. Aside from stablecoins — which seek to stabilize the instability of cryptocurrencies by pegging an asset to something else, such as the U.S. dollar — most cryptocurrencies constantly fluctuate in price. You can trade between cryptocurrencies and national currencies (called fiat currencies) on exchanges, depending on the trading pairs available on the platform of choice.
Earlier today, Bitcoin (CRYPTO: BTC) flash crashed to $8,000 on Binance U.S., the American trading platform of the world's top crypto exchange Binance.
However, about 310 users suffered a more serious breach, including the release of their names, birthdays, and zip codes.