Provides a synchronous scrypt implementation. Scrypt is a password-based key derivation function that is designed to be expensive computationally and memory-wise in order to make brute-force attacks unrewarding.
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The decision to buy cryptocurrency should always have a long-term outlook, as crypto prices can be particularly volatile. Safemoon is no different, as in its short lifespan, the price has already exhibited some significant price swings. To get a better sense of Safemoon’s outlook, let’s take a look at the technical and fundamental factors that could shape price in the future.
PancakeSwap and controversial SafeMoon turbo boost BSC past EthereumIs Binance Smart Chain’s meteoric rise from PancakeSwap and cryptocurrency SafeMoon sustainable, and is an ‘Ethereum killer’ now finally closer to reality? PancakeSwap briefly surpassed Ethereum's transaction volume thanks to SafeMoon. Image: Twenty20
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Business News›Markets›Cryptocurrency›Top cryptocurrency prices today: Solana, XRP soar 11% each, Shiba Inu tanks 7%
Microlenders are facing another consolidation wave. Should they ride the tide or head for the banks?
There can be plenty of new cryptocurrency that can pop up and become popular all of a sudden which can confuse investors and those interested in cryptocurrency. One of the newest cryptocurrency that has come to the scene is SafeMoon which has seen a massive increase in interest lately.
Like most things with cryptocurrency, regulation comes with hurdles. “There are different agencies that may or may not have jurisdiction to oversee everything,” says Wang. “And it differs state by state.”
Binance and Coinbase listings remain a coveted goal for new cryptocurrencies such as SafeMoon. However, it can take some time to achieve this. For example, Coinbase only listed Shiba Inu Coin in mid-June.
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The difference between a digital currency and a cryptocurrency is that the latter is decentralised, meaning it is not issued or backed by a central authority such as a central bank or government. Instead, cryptocurrencies run across a network of computers. Digital currencies have all the characteristics of traditional currencies but exist only in the digital world. They are issued by a central authority.
If you don't particularly want to wait for a potential SafeMoon listing on Binance, Coinbase, or another exchange, there are alternative ways to buy SafeMoon.
In addition, the hashtag #SAFEMOONWALLET trended on Twitter for days leading up to the intended release. It also made an appearance on a billboard at London’s Piccadilly Circus.
It’s certainly fascinating to watch Binance, which has historically been one of the most aggressive crypto companies, transition into a more regulatory-compliant business. At the same time, those who have been cautious, such as Coinbase, are beginning to add new assets.
When you talk about cryptocurrencies, there's still a lot of ambiguity as far as rules and regulations around the same are concerned. If your cryptocurrencies are held for more than 36 months, your gain will be categorised as long-term capital gains. But your gains from a shorter period of time will be categorised as short-term capital gains. These gains are taxable at different rates. The long-term gains are subject to tax at a rate of 20 percent. The others, however, including the ones where gains are received during a shorter period of time, are subject to tax at the applicable personal taxation rates.