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It hasn't yet been recognised by the major cryptocurrency sites such as Coinbase but why did it get so popular?

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It was first outlined in a 2008 white paper published by Satoshi Nakamoto, a pseudonymous person or group.
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This particular drop was caused by a combination of factors that may have made this drop more severe, Noble theorizes, from excitement about low-quality coins, to negative remarks from Elon Musk, to China’s latest crack down on crypto services. The accumulated response made this sell off “all the more violent,” says Noble.
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But there has not been any major regulation news from US or Asian markets that would typically be identified as the cause for such a sharp sell off.
The company said it hopes that the launch of its new portfolio will boost employee participation in employer-sponsored savings plans and encourage workers to save for their retirement, according to Financial Post.

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BTC’s sideways price action has pushed some traders into altcoins, but analysts are confident that the next breakout will push Bitcoin price above $80,000. Next generation of crypto millionaires: SHIB allows warehouse manager to retire

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    With this wallet, users can trade local currencies directly (P2P) at a zero fee. The wallet is also more secure with private keys, mnemonic phrases, passwords, and authentication, making it difficult for unauthorised parties to access crypto assets. These wallet features are some of the reasons over 3000 Safemoon, Dogecoin and other community members are joining Bitrise coin.
    The company has not immediately responded to the BBC's request for clarification.

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    The majority of DeFi protocols and NFTs reside on top of the Ethereum blockchain. Together, these two budding digital asset segments have created surging demand for transactions or “blockspace space” on Ethereum.

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    Safemoon is a member of the group of tokens known as memecoins. Memecoins are crypto tokens or coins based on internet memes. Specifically, Safemoon derives its name from a popular slang term in crypto discussion forums—’going to the moon’. This expression refers to the price of a crypto asset rising very high over a very short period.

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    Shiller, R. (1981), “Do stock prices move too much to be justified by subsequent changes in dividends?”, American Economic Review 71 (3), 421–36.

    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.
    Another property of Safemoon which has attracted wide criticism is the ownership pattern of the current supply of the token. A large proportion of Safemoon’s total liquidity is owned by members of the founding team. Although these funds are in a so-called lock-up, such concentration of ownership is often a cause for serious concern in the crypto space. In part, this concern is because of the influence that major holders—called whales—have over price movements when they sell.

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    Many lesser-used cryptocurrencies can only be exchanged through private, peer-to-peer transfers, meaning they’re not very liquid and are hard to value relative to other currencies — both crypto- and fiat.

    There is a digital revolution that is shaping your future and the future of money itself.
    Reviews of Binance.US are, on average, worse than those of Binance, a small consolation for those who live outside the U.S. Despite this, many of the issues pointed to regarding support for American customers relate to issues that stemmed from the company’s rushed set up of the newer website.

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Over in the world of video games, a Saints Row reboot is on the way from Deep Silver and Volition. Although the game features a set cast, there’s still plenty of room for crazy character customization. Speaking of crazy — playing Psychonauts 2 is like living a bizarre fever dream. Find out more about Double Fine’s latest in the GR review, along with how the game could set itself up for another sequel.

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The company has not immediately responded to the BBC's request for clarification.

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However, in the wake of the technical issues, the DeFi protocol has met its share of criticisms and FUD. Some Twitter users have even accused SafeMoon of scamming its users.

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Changpeng Zhao increased crypto-asset availability as one of the founders of Binance, which has grown into one of the largest crypto exchanges. Sam Bankman-Fried, co-creator of the FTX digital asset trading platform, serves as another important individual in the industry that impacts trading, decentralized finance (DeFi) and other aspects of the crypto space.

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