Portnoy put together a hilarious video of himself declaring his newfound devotion to SafeMoon—a community-driven DeFi token set to disrupt the financial world. But he also warned followers to “invest at their own risk”.
According to the Wall Street Journal, Zhao stated that he would be willing to step down as the CEO of Binance in order to resolve the company’s regulatory problems.
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Squid's developers have made off with an estimated $3.38m (£2.48m), according to technology website Gizmodo.
Any close below the 50% Fibonacci ratio could trigger increased selling pressure for Safemoon price. The 161.8% Fibonacci expansion sits right on top of the 2021 Volume Point Of Control at $0.0000026 and above Senkou Span B at $0.0000024. If SafeMoon price can maintain support near the 50% Fibonacci retracement, the most likely scenario is a consolidative market.
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Safemoon has a few unique features that have attracted both praise and criticism. For example, the Safemoon smart contract charges a 10% exit fee for holders who choose to sell. Half of this fee is ‘burned’, while the other is redistributed to remaining token holders, theoretically increasing the value of their holdings over time.
Cardano founder sets the record straight over talk of an ADA burn Samuel Wan · 3 days ago · 2 min read
Mining computers compile valid transactions into a new block and attempt to generate the cryptographic link to the previous block by finding a solution to a complex algorithm. When a computer succeeds in generating the link, it adds the block to its version of the blockchain file and broadcasts the update across the network.
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INSIDE HUNGARY’S U.S. INFLUENCE CAMPAIGN: “Former Vice President Mike Pence turned up in Hungary last month to speak to a conference on conservative social values hosted by the far-right government of Prime Minister Viktor Orban,” Ken Vogel and Benjamin Novak write for The New York Times. “Jeff Sessions, the former attorney general, was another recent visitor. Tucker Carlson did his Fox News show from Hungary for a week this summer. The American Conservative Union is planning a version of its CPAC gathering in Budapest early next year.”
"The more people join, the larger reward pool will be (sic)," according to the issue document, which says developers will take 10% of the entry fee with the remaining 90% given to the winner.
In June, the Chinese Government cracked down on considerable crypto mining operations taking place in the Sichuan province and demanded that Chinese banks and payment channels stop supporting decentralised and anonymous crypto transactions.
Safemoon Cash was stealth-launched by members of the BSC community in April 2021 after Safemoon reached a market cap of over four billion dollars. With its higher transaction tax, the early holders of Safemoon have profited most. In contrast, Safemoon Cash gives holders passive rewards through static reflections. By staking Safemoon Cash in a pool, it raises capital, ensuring liquidity. Safemoon Cash believes in superior tokenomics, through a 3% lower taxation, and the fact that ownership of the smart contract is fully renounced making the project more unique.
It is a hyper-deflationary payment network token, but the burning of the token supply is what differentiates it from most coins. The token uses an automated Buyback process to eradicate the problem of token price manipulation. It is the first cryptocurrency to use an automated buyback approach, which has been a game-changer in DeFi projects.
Meanwhile, concerns were also mounting on Oct. 21 that leveraged traders have taken on more risk than they can chew.