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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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Ethereum's price also stems from the latest wave of investor interest in NFTs, which has begun to catch the attention of both major U.S. consumer brands and pop-culture icons.
To buy SafeMoon via PancakeSwap, you'll need to download a wallet compatible with the Binance Smart Chain, such as Trust Wallet. After this, you will need to purchase Binance Coin (BNB) via your wallet. You can then use this BNB on PancakeSwap to exchange for SafeMoon. .

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For 21 years, the software company Kaseya labored in relative obscurity — at least until cybercriminals exploited it in early July for a massive ransomware attack that snarled businesses around the world and escalated U.S.-Russia diplomatic tensions.
Brooks, who was acting US Comptroller of the Currency from May 2020 to January 2021, joined Binance US as chief executive officer at the beginning of May. Prior to joining the regulator, Brooks had been Chief Legal Officer of Coinbase Global. During his time as acting Comptroller, Brooks led efforts to provide regulatory clarity for stablecoins and digital asset custody.

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We bring you the brightest minds building the financial future – and the macro rockstars who are mapping out crypto’s real-world prospects... as well as all episodes of the Real Vision Daily Briefing, the world’s best financial news and analysis show.

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GURA: And Gensler is asking lawmakers for their support and for more resources. That makes Senator Lummis nervous. She's worried more rules will make the U.S. less competitive. And the crypto industry is also fighting back. So far this year, it spent more than $2.5 million lobbying lawmakers. Republican Congressman Warren Davidson believes Congress needs to make a decision about what to do with cryptocurrency and soon.

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    SafeMoon is another digital currency similar to Bitcoin and Ethereum, with a couple of key differences. Its creators say they want to fix some of the problems—like price volatility—that are common in other digital coins. To do this, SafeMoon aims to discourage day trading of its coin and to reward long-term holders by charging a 10% fee on each sale. Half of the fees collected are earmarked for existing coin owners, who receive a sort of dividend in the form of additional coins.
    Unlike Bitcoin, which is mainly used as a store of value, the price surge in Ether comes due to growing demand for people to use its blockchain to transact. Like fuel in a car, ether acts as the gas that propels transactions across its payments network.

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    Its market cap and individual unit value consistently dwarf (by a factor of 10 or more) that of the next most popular cryptocurrency. Bitcoin has a programmed supply limit of 21 million Bitcoin.

    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.
    Before investing any money, read and update yourself about it and how it functions. A key area to focus on is exchanges, which facilitate crypto transactions. Most of the information needed for a potential investor will be available on the website of an exchange. But investors can also get in touch with those more experienced than them.

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    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.

    First US exchange traded fund linked to cryptocurrency garners strong demand following debut
    The hyper deflation payment network token has caused ripples in the crypto world and continues doing well on top of all this.

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RelatedSmash-hit Bitcoin ETF ups the ante for issuers racing to launchEthereum: the transformation that could see it overtake BitcoinMany Indian expats turn to crypto to remit money

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