SafeMoon is also preparing to launch a cryptocurrency exchange, which apparently is not tied to V2.
Elon Musk: Tesla 'most likely' to accept Bitcoin again following suspension over environmental concerns
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ITV Good Morning Britain flooded with complaints to Ofcom over Dr Hilary and Richard Madeley chat
Regulatory announcements can also affect the price of cryptocurrency in already volatile markets. Market volatility is why investing experts recommend keeping any cryptocurrency investments to less than 5% of your total portfolio and never invest anything you’re not OK with losing.
Disclaimer: The Cryptocurrency market is considered highly speculative, risky, and largely unregulated. Anyone mulling investing in it should be aware there's a risk of losing their entire investment. Sign up to our newsletter for exclusive updates and enhanced content Sign up to get Al Bawaba's exclusive celeb scoops and entertainment news Carole Samaha Sends a Message After Meeting Marwan Khoury and His Fiancée... And the Latter Responds Social media links FB Linkedin Twitter
On Oct. 21, Binance.US suddenly printed a one-minute candle that took BTC/USD from $65,815 to $8,200 — a drop of 87%.
MASSENA, N.Y. (AP) — A New York town along the Canadian border plans to impose a 90-day moratorium on new cryptocurrency mining operations to make sure local roadsides are not cluttered with trailers and shipping containers loaded with computers.
In October 2020, Brits were banned from buying some cryptocurrencies after a rise in the number of people making bad investments and losing money.
Regarding regulatory attention, in late June, the UK’s regulator, the FCA, issued a statement that “Binance Markets Limited is not permitted to undertake any regulated activity in the UK.”
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Currently, the global crypto market cap stands at $2.94 trillion, an increase of 3.21%. Other cryptocurrencies were also trading in the green.
Meanwhile, even the most enthusiastic bitcoin evangelists are realizing that a retooling is in order. Michael J. Casey, a senior adviser for blockchain research at MIT’s Digital Currency Initiative, recently wrote about how the crypto-winter has arrived, but it may lead to better things down the line:
Bitcoin was trading 3.7% higher Friday morning. The price was around $61,200 per coin.
As long as prices avoid closing below this barrier, odds favor a resumption of the uptrend toward a new all-time high at $4,574.
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