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Amitabh Bachchan’s NFT Series Records India’s Highest-Ever NFT Bids at Nearly $1 Million
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Bartram, S. M. and M. Grinblatt (2018), “Agnostic fundamental analysis works”, Journal of Financial Economics 128 (1), 125–147.
So, with SafeMoon’s promising start, where did it begin to go wrong for the cryptocurrency? Well, one of the concerns that emerged around SafeMoon is their 10% fee to ‘Buy and Sell’ structure. This raised red flags for several crypto investors as charging a 10% fee to buy and another 10% to sell is an unusual practice in the crypto realm and can be quite expensive for investors to front. Other critics of SafeMoon have questioned the authenticity of the cryptocurrency and have labelled it as an unsafe option to invest in.
Wallets can be stored on the cloud, an internal hard drive, or an external storage device. Regardless of how a wallet is stored, at least one backup is strongly recommended.
The majority of cryptocurrencies function without the backing of a central bank or government. Instead of relying on government guarantees, decentralized technology called blockchain underpins the operation of cryptocurrencies.
Additionally, you can mine cryptocurrencies. Mining uses your computer or designated hardware to help run the networks that back crypto assets. Running a function on your computer or hardware automatically and continuously after it’s set up, carries out the mining process and generates revenue, helping to validate the transactions that are carried out on the blockchain, depending on the computing power designated.
The Kroger Company website is displayed on a laptop in the background with a hand holding a bank card. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) (Rafael Henrique/SOPA Images/LightRocket / Getty Images)
LUNA currently trades at $40 - the .236 fibonacci level of its August to October rally and looks primed for a move upwards to a new ATH - likely $52 - as BTC consolidates. However, it will need to break through a confluence of several moving averages around the $41-42 mark to progress ahead.
Bitcoin (BTC) price analysis: volatility squeeze indicates potential for movement
The crypto module still supports some algorithms which are already compromised and are not currently recommended for use. The API also allows the use of ciphers and hashes with a small key size that are too weak for safe use.
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Still, from a technical perspective in the price action, SAFEMOON seems unstoppable despite the current retracement it has been witnessing since it hit the all-time highs last month at around $0.0000065. Now, the price is treading waters around the 50-period simple moving average (SMA) at the H4 chart.
CryptocurrenciesCrypto exchange Binance bows to pressure for physical headquarters
But while it’s based on sound, democratic principles, cryptocurrency remains a technological and practical work in progress. For the foreseeable future, nation-states’ near-monopoly on currency production and monetary policy appears secure.
Binance.US At A Glance50+ currencies availableNot available in Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, or VermontFlat 0.1% fee for spot trades; 0.5% fee for instant buy/sell$10 minimum trade Option for recurring investments, for dollar-cost averagingCryptocurrencies Available on Binance.US
Registering an account on Binance.US is a relatively straightforward affair and includes providing a user’s email address and password and interacting with a verification email.