Under the new law, El Salvador will “promote necessary training and mechanisms so that the population can access [Bitcoin] transactions.”
The Netflix hit series “Squid Game” has inspired Internet memes, Halloween costumes and now a cryptocurrency “rug pull.” (Joseph Prezioso/AFP/Getty Images)
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Monero witnessed substantially faster growth in market capitalization and transaction volume in 2016 than any other cryptocurrency, owing to its privacy features. Its acceptance in darknet markets, where users used it to buy different criminal or otherwise unlawful things, fueled this rise. The hash function is used as a proof of work mechanism. RandomX is used to create a new currency and to reward miners for securing the network and verifying transactions.
If there’s anything celebrities should have taken from the Musk Bitcoin saga it’s that disclaimers in these investment recommendations are crucial. Luckily, Portnoy added that he had “no idea how this works,” and joked that it could actually be a Ponzi scheme.
Each week, the Weiss Crypto Sunday Special brings you actionable video content on the hottest macro trends in crypto. This week, host Chris Coney wants to help you learn how to protect the value...
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Growth is likely to come from gamers but as the popularity of NFTs rises so does the potential for abuse More Cryptocurrencies Save
Crypto Exchange KuCoin ‘Merges’ Into Metaverse, Opens Office in Virtual Skyscraper ‘Bloktopia’
If a trader carries out cryptocurrency transactions often, any profit from there on would be taxable as business income. If cryptocurrencies are held as ‘stock-in-trade,' the income arising from there will also attract tax.
Despite this, Safemoon has a small but fiercely loyal base of fans who continue to hold the token for the long term. This fanbase has kept the price of Safemoon above zero, despite a sudden drop from all-time highs in April and May of 2021.
On the other side of the scale, you have partial to complete market collapse predictions. Boutique investment bank GP Bullhound predicts a 90 percent market crash within the year, while Harvard professor and ex-IMF chief Kenneth Rogoff predicted that Bitcoin will shrink to $100. Roy Sebag, CEO of GoldMoney Inc., said Bitcoin will be worth $0 in the future.
The global crypto market cap jumped about 3 per cent, to $2.73 trillion mark compared to the last day. However, the total crypto market volume was largely flat at $129.42 billion.
Transfer USD to your Binance.US account for no feeSet a market or limit order trade for USD to Bitcoin for a 0.1% fee
SafeMoon has announced on its website that it’s making moves to be available on Binance and Mandala by the end of 2021, but for now, the crypto is available via PancakeSwap. If you do decide to invest, just remember to do so at your own risk and remember, never invest what you can’t afford to lose.
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