‘Not Considering’: Zimbabwe Government Clarifies Stance on Legalising Cryptocurrency
Coinbase's NFT platform should be like Instagram and may eventually overtake cryptocurrency trading, CEO says
.
Yet tales of meme-coin holders becoming millionaires have attracted new waves of retail investors to crypto -- along with a growing number of nefarious players. In May, the Federal Trade Commission tallied a record number of crypto investment scams, with Americans’ losses totaling around $80 million since October.
This is a stable coin, so it is pretty unique among other cryptocurrencies. Stable coins have the backing of fiat currencies such as the Euro or US dollar. This means that if an investor buys 1 Tether coin, they will have the same value of 1 fiat currency (backing the coin). Theoretically, what this means is that Tether will have a more stable value than other cryptocurrencies that suffer market volatility.
It was a wild ride for SafeMoon, with its prices exploding in the first few weeks before crashing down.
Musk’s influence cannot be underestimated as, even though the likes of PayPal, Mastercard and Facebook have backed cryptos, the Tesla announcement still rocked the market.
The tokens that are pending will not count towards OMG balances. The users are hence cautioned to complete pending withdrawals and deposits well before the set time for the snapshot. The caveat issued says that to receive a BOBA airdrop, the user needs to have a minimum of 0.1 OMG(excluding pending orders)in the user’s Binance.US account.
Community-driven DeFi token SafeMoon has made it to the top 100 cryptocurrencies by market capitalization. SafeMoon prepares for a comeback with the upcoming V2 upgrade.
Though both assets posted a quick recovery, the event has made a significant impact on the market. Bitcoin retraced by 7.4% a few hours after making a new all-time high at $67,000.
BTC to BITO: the original cryptocurrency, and the promise and limitations of Bitcoin ETFs
Functionally, most cryptocurrencies are variations on Bitcoin, the first widely used cryptocurrency.
Binance.US has decided to take a snapshot of OMG tokens held by users at the first Ethereum (L1) block, and will further distribute BOBA tokens at the ratio 1OMG=1BOBA. The estimated time is subject to change and is just for reference as of now. According to sources like this Binance review, the company is predicted to maintain its position as the global leader in cryptocurrency exchange.
Investors need not worry about these stocks, yielding from just over 3% to nearly 9%, being yield traps.
Binance.US also offers a large number of trading pairs. This includes options to trade two cryptocurrencies without the need to cash out one for USD, as well as options to trade between crypto and a fiat currency like USD. Different exchanges offer different trading pairs based on the cryptocurrencies they offer.
In this article, we’ll analyse the different factors that affect a cryptocurrency price.
In no time, all the Binancians and the entire crypto world will soon jubilate as Binance.US prepares to list Axie Infinity (AXS) on its platform today. According to the announcement, right after the listing event, Binance.US will open a full-time trading section for AXS/USD and AXS/USDT pairs.
But the industry is only in its infancy and constantly evolving. It’s difficult to predict where things are headed long-term, but in the coming months, experts are following themes from regulation to institutional adoption of crypto payments to try and get a better sense of the market.