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Cantering Clark, a derivatives trader, said that the correction of SafeMoon restores balance in the universe, implying that the rally was not sustainable.

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SafeMoon stands from "Safely to the Moon", a phrase that was adopted by Redditors about DogeCoin which refers to the price flying upwards "as high as the Moon".
Since the first digital currencies were devised after the financial crisis, $2.3tn has been invested in them. But how do they, and other assets transacted on blockchain technology, actually work? And what risks do they pose? Read our explainers .

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5.0 out of 5 stars If you want the inside story on the NSA and GCHQ you must read this book! A fascinating and incredibly detailed examination of the development of public key encryption by private individuals and their continuing battles with the US Government and the bureaucratic empire that the NSA had become. This account places Edward Snowden as only the latest of many people who have suffered for revealing the lack of clothes these emperors wear. Not difficult to read, written by a journalist rather than a computer geek, this is a splendid account of a struggle that is not over yet.
Plenty of altcoins have also taken a beating. Dogecoin erased the breakneck gains of the week and then some, nearly halving its price after a meteoric climb last weekend. XRP is down 35% week-over-week, Stellar is down 30% and Polkadot is down 25% since last week.

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Due to their political independence and essentially impenetrable data security, cryptocurrency users enjoy benefits not available to users of traditional fiat currencies, such as the U.S. dollar, and the financial systems that those currencies support.
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Binance launched the U.S. arm in 2019. But the company’s main exchange, initially based in China, blocked Americans in an effort to stay on the right side of regulators.

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Moreover, holding the NFTs entitles the holders to a 3% decrease on all service charges.

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    SafeMoon strikes a chord with sustainable investors for its focus on the environment. John Karony, SafeMoon CEO, has plans to build wind turbine farms, which are currently in the test phase.

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    NEW YORK, NY / ACCESSWIRE / June 14, 2021 / Members of the BSC community recently launched Safemoon Cash, which is a rug proof project operated on The Binance Smart Chain. The ownership of the project is fully renounced and it is currently a community driven project. The crypto bull season brought several opportunities along with it as Bitcoin and several alt-coins rose to new all-time highs. As with every bull season, new crypto projects with potential to become the choice of the majority as new use cases found many takers. The most prominent among these are community-driven projects and meme currencies. One such community-driven project to make all the right noises is Safemoon Cash, a Binance Smart Chain-based community-driven project, which complements Safemoon.

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    Trading fees are extremely important when evaluating where to trade. While some exchanges like Coinbase (Coinbase Pro is much cheaper) and Gemini are known for being rather expensive, Binance is known for offering some of the lowest cryptocurrency trading fees in the world. Once again, U.S. citizens are probably wondering whether Binance.US can match Binance in this category.

    These tokenomics features attract Safemoon, Dogecoin and other communities’ members to join the Bitrise coin. But there is more than this in this coin. The products that come with DeFi are crucial in token popularity.
    This article is about: Singapore, Esports, Future Of Media, Brand Strategy, Influencer Marketing, Social Media, Future Of Media, Brand Like what you see? We can email it to you Choose from a series of great email briefings, whether that’s daily news, weekly recaps or deep dives into media or creative. The easiest way to read The Drum Join hundreds of thousands of marketers in signing up for The Drum’s email briefings. Let our editors talk you through stories we know you’ll love. The Drum articles suggested by Helping publishers increase engagement, improve monetization and drive new audiences. Read more More Must Watch On The Scene Talking Heads Drum Documentaries Everything You Need To Know Future Stars Of Digital Brand Love Video With stores and salons closed, Coty puts a new face on innovation Video What consumers and marketers can expect from 5G Video 'Don't go dark': Ex Apple and Pepsi exec John Sculley offers pandemic brand-building tips Europe Americas Asia-Pacific News Creative Works Awards Drum Network Research Studios Jobs The Drum Recommends About Advertise What's On Jobs at The Drum Contact Privacy Terms & Conditions

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    However, cryptocurrency experts had warned of several tell-tale signs that it was likely to be a scam.

    SafeMoon is one of these altcoins that has caught the attention easily since its inception in March 2021, where it started to gather over one million investors. It’s a community-based cryptocurrency that keeps skyrocketing across the board, with the SAFEMOON token’s volume crossing the $6.64 million milestone in the last 24 hours.
    Now that you’ve got an idea of what Safemoon is and its background, we can focus on the coin’s long-term outlook. Most beginner crypto investors simply buy Bitcoin (BTC) or Ethereum (ETH), although lesser-known coins such as Safemoon can be better options if you are looking for quick returns. However, that being said, these options tend to be much riskier, so this will depend on your risk tolerance.

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    Another day in 2021, another celebrity causing a commotion about crypto on Twitter. Except this time it isn’t Elon Musk.

    Understand the future of everything. Your free membership to Real Vision Crypto, the world’s premier cryptocurrency and digital assets video channel, is available right now.
    It has a shorter blockchain creation time (one minute) and a vastly greater number of coins in circulation — the creators’ target of 100 billion units mined by July 2015 was met, and there’s a supply limit of 5.2 billion units mined every year thereafter, with no known supply limit.

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Even if this were the case, and Safemoon coin was to increase in price dramatically before an instant fall, it would still represent a good investment for purely speculative investors. For example, if Safemoon were to simply return to the all-time high experienced on April 20th, then that would represent an incredible 921% return from today’s price!

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