Here’s our guide to crypto, and why so many people are talking about it these days.
Although few cryptocurrencies other than Bitcoin are widely accepted for merchant payments, increasingly active exchanges allow holders to exchange them for Bitcoin or fiat currencies — providing critical liquidity and flexibility. Since the late 2010s, big business and institutional investors have closely watched what they call the “crypto space” too.
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Bitcoin is down roughly 20% week-over-week, around 30% from its all-time high of nearly $65,000 early last week. The market cap of the coin has dipped below $1 trillion. The tumble has been less severe for Ethereum, which hit an all-time high just yesterday but has since dropped 13% as the broader market has crawled back.
CryptoTV by CoinSwitch Kuber | Kavita Gupta, Founder - Delta Blockchain Fund, FINTECH.TV
While fluctuations are expected, Noble says this swing is a bit out of the ordinary. “I thought the market was maturing and these things would be less frequent and severe. Boy was I wrong,” he says.
However, about 310 users suffered a more serious breach, including the release of their names, birthdays, and zip codes.
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“Bitcoin has outperformed gold, the most widely regarded inflation hedge, by a considerable margin year-to-date, having gained over 130% compared with gold’s 4% decline.”BTC/USDT daily chart: Source: TradingView
EverGrow Coin also has an anti-Whale system in place. An additional 1% charge is applied to all the sales, which lowers the volume of swing trading and Whale manipulation. Additionally, the intelligent contract prevents simultaneous sales of more than 0.2 percent of the circulating supply.
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The algorithm allowed for secure, unalterable information exchanges between parties, laying the groundwork for future electronic currency transfers.
The most fundamental thing you need to understand about Safemoon is that it is not a crypto coin. It is a token that operates on the Binance Smart Chain (BSC). In crypto jargon, a coin is a cryptocurrency that operates on its own blockchain. It is not the same as a token.
Whitepaper. A startup or established company publishes a whitepaper to tell potential investors about its ICO, or Initial Coin Offering — the technical details, objectives of the product, information about the team behind the company, and other details.
The White House signaled that the US will gather 30 other countries to discuss responses to cybercrime.
Disclaimer: Our articles are NOT financial advice, we are not financial advisors. All investments are your own decisions. Please conduct your own research and seek advice from a licensed financial advisor.
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Last year, a California man pleaded guilty to a mining fraud of at least US$722 million through the BitClub Network. In February, a New York man pleaded guilty to running a Ponzi-like hedge crypto fund that stole about $90 million from more than 100 investors.