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In this eventuality, BTC could drop toward the 100 or 200 four-hour moving average. These demand zones sit at $59,000 and $52,000 respectively.

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Inspired by the hugely popular Netflix series Squid Game, the tokens had rocketed in value. .

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This breakout happened in the recent weekend and consequently the uptrend resumed and Bitcoin is now on way to challenge its previous life high yet again.
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The funding was intended as the first step towards a future IPO, which Binance still claims is on the cards. Notably, Brooks lost out on the Coinbase IPO when he left to join the OCC. When he took on the OCC role in April 2020, he received $4.6 million for canceling his Coinbase options contract. Just a year later, the stock owned by Paul Grewal, his Coinbase replacement, was worth $300 million when Coinbase was listed.
But even this kind of pullback could not kill the inherent uptrend and in one of our previous reports, we mentioned that a breakout above $62,500 was required for BTC to resume strength.

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Some experts have already expressed concern that the inclusion of the Binance Coin on the platform may prove controversial in the United States. While Binance.US is described as a subsidiary, its business model might draw attention from the U.S. Securities and Exchange Commission based on the fact that BNB token acts as both a security and a utility token. As such, it could pass the so-called Howey test for being security, thus potentially becoming a snag on the Binance’s path to establishing itself in the US.

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    "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 future may be decentralized, but that doesn't mean tech giants won't have a hand in building it. Discord users are revolting over NFTs and crypto. Platforms should heed this warning. No, Kroger won't accept Bitcoin Cash. Fake cryptocurrency press release dupes people again. 'Squid Game' cryptocurrency turns out to be a scam, creators run off with millions

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    GURA: Lummis' approach to regulation puts her at odds with another outspoken member of the Senate Banking Committee. That's Democrat Elizabeth Warren, who wants tougher rules. Cryptocurrency has become a popular investment, but it's also gotten a bad name because of how it's being used for money laundering and in ransomware attacks. Warren told Bloomberg TV, cryptocurrency is like the Wild West.

    Ethereum has increased by 1.8 percent to $4,806. Like Bitcoin, over the last week, Ethereum too has surged more than 10 percent.
    Recent drops have been caused by a combination of factors, Noble theorizes, from excitement about low-quality coins, to negative remarks from Elon Musk, to China’s recent crackdown on crypto services. The accumulated response made this sell off “all the more violent,” says Noble.

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    With the growing popularity of cryptocurrencies, a variety of digital currencies have emerged on the cyrpto investment scene. It is important to distinguish between three major categories in the crypto world and understand each one of them.
    This data is not stored on our server, it is fetched directly from the network. All values are estimates and may or may not be accurate.

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    Laith Khalaf, financial analyst at investment platform AJ Bell, previously told The Sun that although long-term investment is encouraged, SafeMoon "doesn't sound too different from a pyramid selling scheme".

    Rivian's IPO was a smashing success, generating real interest among institutional investors. That could be a problem for Tesla—and the S&P 500.
    Shiba Inu cryptocurrency jumped 50% over the weekend, becoming the 11th-largest cryptocurrency.

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With all of these shortcomings facing most of the competition, Safemoon is definitely in trouble. The Safemoon team has to do a lot to make the play competitive. Otherwise, not many people will be interested in this Safemoon. This means low demand, and this is how the value of Safemoon’s coin will plummet.

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Investing in cryptocurrency-related offerings is challenging area for investors. The State Securities Board's compact glossary of cryptocurrency terms is intended to help investors equip themselves with a basic understanding of the terms and concepts underpinning the most common facets of cryptocurrencies.

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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.

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