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Cryptocurrencies are inherently cryptic — it’s right there in the name. And if you follow Warren Buffett’s advice to never invest in businesses you can’t understand, it may be hard to justify investing in a currency made of math instead of gold.

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Pricing in options, tools that let investors bet on future movements in financial assets, suggest market participants are wagering that ethereum will more than treble to $15,000 by March next year.
Before this latest surge for the top two cryptos, recent sudden drops followed a ban on cryptocurrency transactions and mining from China’s central bank, which declared all cryptocurrencies illegal in the country. After previously topping $52,000 in early September, Bitcoin’s price had dropped and struggled to get back over $50,000 until this month. .

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Amsterdam-based bitcoin mining firm – Bitfury Group – appointed Brian Brooks as its new Chief Executive Officer. His previous experience includes serving as the United States Acting Comptroller of the Currency and being in charge of Binance US.
The number of people who utilize crypto coins (i.e., utility) and for what purpose impacts their price. The price will rise if more people use them to buy goods and services rather than just holding them.

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Unlike traditional stock markets, trading in these coins continues uninterrupted 24x7. There are no opening or closing hours. Investors are offered the flexibility to trade from anywhere and anytime.
Altcoins are in focus as cryptocurrency investors look to find the next Shiba Inu out of the group. SafeMoon is one increasingly popular and controversial altcoin. Like Shiba Inu, SafeMoon is considered a meme-coin that largely trades on social media sentiment. And like most meme coins, SafeMoon trades for fractions of a penny and can be quite volatile.

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Since then, amid talks of increased regulation across the various markets, and other bumps — such as Google banning crypto ads — the price of Bitcoin has been on a steady downward trend, despite occasional, short-lived recoveries. As of the beginning of July 2018, Bitcoin is hovering around the $6,000 mark, with the total cryptocurrency market cap holding steady at around $250 billion.

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    Disclosure: At the time of writing, the author of this feature owned BTC and ETH.

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    GARY GENSLER: This asset class is rife with fraud, scams and abuses in certain applications. There's a great deal of hype and spin about how crypto assets work.

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    BTC Price Action: According to CoinMarketCap data, Bitcoin is trading at $63,559.44 as of Thursday afternoon after seeing its price fall by about 4.74% over the last 24 hours.

    Paytm Open to Bitcoin Offerings Once India Legalises Cryptocurrency: CFO Madhur Deora
    Cryptocurrencies’ finite supply makes them inherently deflationary, more akin to gold and other precious metals — of which there are finite supplies — than fiat currencies that central banks can, in theory, produce unlimited supplies of.

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    Read More: Bitcoin Mining Has Become Greener After China's Crypto Mining Crackdown, According To Reports Gfinity Esports is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more Planet Crypto Shiba Inu Robinhood Petition Reaches 500,000 Supporters, But How Likely Is A Listing? Planet Crypto Why The Shiba Inu Coin Supply Isn't As Concentrated As You'd Think

    The 4% of the fee is distributed to the token holders as a reward for holding the token. The rewards are sent to the token holder's wallets automatically in the form of BNBs every 60 minutes. This is one of the ways that Safemoon will be making an active income from Bitrise coins. Only 3% of the fee goes to marketing.
    The most popular cryptocurrencies are currently Bitcoin, Ethereum and Litecoin. These dominate the cryptocurrency market and are highly popular among traders and investors.

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    "It is one of many schemes by which naïve retail investors are drawn in and exploited by malevolent crypto promoters," Cornell University economist Eswar Prasad told the BBC.
    Considering there are no sudden jolts or risks ahead for cryptocurrency markets, SafeMoon is all set to affirm its strong position as a major attraction among its investor community. The road ahead is full of petals provided the investor confidence keeps booming, resulting in a major push to the price, taking it across all barriers scaling $0.000011.

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“One of our institutional traders indicated to us that they had a bug in their trading algorithm, which appears to have caused the sell-off,” Binance.US said in the statement. “We are continuing to look into the event, but understand from the trader that they have now fixed their bug and that the issue appears to have been resolved.”

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Mythical Games’ unicorn status is a bet from a16z Crypto that game developers are potentially going to be interested in as a more subtle embrace of blockchain-based in-game economies. The studio has been working with a handful of smaller studios to integrate some of their infrastructure, including marketplace services, compliance tech, token management and access to their custom blockchain. They’re generally looking to build a path forward for the gaming industry adopting more complex in-game economies based around NFTs while also ensuring users aren’t left navigating a web of crypto confusion.

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Time will tell whether this is the case, but right now, the Safemoon price is trading pretty close to where it was in April 2021, right before the massive price increase. Since the all-time high of $0.00001094 back in May, the Safemoon price live dropped over 87%. Furthermore, the trading volume is extremely low, with CoinGecko reporting that just over $3.5 million worth of Safemoon was traded in the last 24 hours.

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