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The blockchain technology backing cryptocurrency is inherently secure, thanks to the decentralized — and public — nature of distributed ledger technology and the encryption process every transaction undergoes.
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Safemoon is a cryptocurrency token that was launched in March 2021. The token is housed on the Binance Smart Chain (BSC), a blockchain developed by Binance that runs parallel to the traditional Binance Chain (BC). The difference between the two is that Binance Smart Chain has smart contract functionality, opening up many avenues for decentralised applications (dApps) to be constructed.
That being said, the features that HUH Token offer are beneficial to investors. The Token offers a lot of utility, as a result of this, the creators have dubbed the token a ‘Utimeme’ token. This is the end product of mixing the words utility and meme together, HUH Token wants to be seen as more than just a meme token as it provides real-world value to those invested.
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CryptocurrenciesAsia crypto sector stays confident despite China regulatory curbs
Litecoin zoomed 18.71% to $246.43 and Uniswap was trading 3.31% higher at $26.65.
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QUIZ: Do you everything that brands are doing to drive awareness about cryptocurrencies?
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Hybe seeks new revenue stream with creation of digital collectibles related to boy band
Elon Musk’s announcement that Tesla would no longer be accepting Bitcoin as payment on environmental concerns was followed by China issuing a crypto crackdown.
The market seems to have taken a turn this morning as a correction has set in. Both BTC and ETH have witnessed a small correction, said Zebpay Trade Desk. The same is happening in altcoins as well, it added.
The secureness of SafeMoon is still a question among people. If you spend an hour on any of the online platforms talking about it, you’re probably going to discover viewpoints of each persuasion. Early adopters liked it as it immediately grew into great value. At the same time, there are people who express a lack of interest in SafeMoon’s future possibilities.
More popular cryptocurrencies, such as Bitcoin and Ripple, trade on special secondary exchanges similar to forex exchanges for fiat currencies. (The now-defunct Mt. Gox is one example of an exchange.)
For many people, crypto is a type of alternative investment. Just as you can buy and trade stock in public companies, you can buy cryptocurrency with the hope that it will increase in value over time, allowing you to cash out for a profit at a later date. Some people invest in crypto less for the belief that it will become a popular currency and more as a bet on the blockchain technology behind it.