ELIZABETH WARREN: Right now, our regulators and frankly our Congress is an hour late and a dollar short, and we need to catch up with where these cryptocurrencies are going.
Campbell, J. Y. and R. J. Shiller (1988), “Stock prices, earnings, and expected dividends”, The Journal of Finance 43 (3), 661–676
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How tech beyond Wall Street's control pushed big money to embrace once-fringe crowds, from crypto to meme stocks
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Identical copies of the blockchain are stored in every node of the cryptocurrency’s software network — the network of decentralized server farms, run by computer-savvy individuals or groups of individuals known as miners, that continually record and authenticate cryptocurrency transactions.
So far, the main thing that has driven Safemoon has been the hype generated by celebrity backing. Celebrities such as Jake Paul, Afrojack, and Keemstar have also promoted the coin this year, leading to significant price increases.
Shortly after Bitcoin’s latest all-time high, Ethereum marked its own new all-time high last month when its price went over $4,400.
Latest Crypto News: Bitcoin and Ethereum Hit New All-Time Highs, Biden Administration Releases Report on Stablecoins
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Profit-booking near the resistance line pulled the price back toward the critical level at $49.54 on Nov. 9. The strong rebound off this level on Nov. 10 suggests that bulls are defending this level with vigor.
However, exchange pricing can still be extremely volatile. For example, Bitcoin’s U.S. dollar exchange rate fell by more than 50% in the wake of Mt. Gox’s collapse, then increased roughly tenfold during 2017 as cryptocurrency demand exploded.
When Ethereum and Bitcoin crashed, these “discount plays” tanked. Now, as the mainstream plays begin to build momentum, these cryptos are struggling to get off the ground and make space for their own identities.
ANNALS OF CAMPAIGN FINANCE: “Alek Skarlatos, a hero soldier-turned-Republican congressional candidate, started a nonprofit shortly after his 2020 defeat in a western Oregon race, pledging to advocate for veterans ‘left high and dry’ by the country ‘they put their lives on the line for.’” But, The Associated Press’ Brian Slodysko reports, “the group, which Skarlatos seeded with $93,000 in leftover campaign funds, has done little since then to advance that cause.”
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.
SAFEMOON launched earlier this year - and it's already attracting attention from cryptocurrency investors.
However, as the BBC reported, it was criticised for not allowing people to resell their tokens.