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"This cryptocurrency joins a long and growing list of digital coins and tokens that piggyback on random memes or cultural phenomena," Cornell University economist Eswar Prasad told the BBC.

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While great in the short-term, this surging demand for ether also poses a long term problem for the asset.
The number of people who utilize crypto coins (i.e., utility) and for what purpose impacts their price. The price will rise if more people use them to buy goods and services rather than just holding them. .

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People considering investing in Bitcoin or shares and stocks have also been warned over "risky" tips being shared on TikTok.
Currently, the price of Safemoon is hovering around the $0.0000014 level. This is around 90% down from the heights the coin reached in April 2021.

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Dogecoin (DOGE), denoted by its immediately recognizable Shiba Inu mascot, is a variation on Litecoin.
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NEW YORK (Reuters) -The Manhattan district attorney has convened another grand jury to weigh possible new charges in a case involving the Trump Organization, a person familiar with the matter told Reuters on Thursday. The second grand jury was expected to examine how former President Donald Trump's company valued its assets, the Washington Post reported, citing a person familiar with the matter. The legal woes could complicate the company's relationships with banks, and could pose a challenge to Trump's political future as he considers running for another term in 2024.

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It might be time to remind the millennials that all that glitters is not gold. At least some cryptocurrencies — the new-age investment asset class — are on the verge of extinction. After all, not all tokens are created equal.

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    Barça became the next soccer team to enter the non-fungible token craze after joining forces with Ownix. SushiSwap’s Shoyu Showcase Campaign Goes Live: Taps Metaverse Capabilities

    Senior fellow at the Peterson Institute for International Economics. Adjunct professor at Georgetown University.
    Of course, in order to diversify, a customer needs to be able to trade a wide variety of altcoins. When it comes to cryptocurrency listings, Binance is the undisputed king. But how does Binance.US measure up?

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    The options argument is optional for GCM. When using CCM, the plaintextLength option must be specified and its value must match the length of the ciphertext in bytes. See CCM mode.

    This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Binance US names Ant exec Shroder president 10 September 2021 The US arm of Binance has appointed former Ant Group and Uber executive Brian Shroder president, replacing Brian Brooks who quit suddenly in August after just four months in the job.
    SafeMoon, a token on Binance Smart Chain widely recognized as a TikTok meme coin, is seeing massive volatility after its huge gains of the past week.

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    Cryptocurrencies are especially volatile, so their values can crash with little to no notice.

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    Before you trade money for crypto, you’ll need to deposit — and when you sell, withdraw — U.S. dollars into and out of your Binance.US account. The fees for this are minimal, especially if you transfer from your bank account using ACH.

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    Shroder will oversee the company’s strategy and execution, fundraising, business and corporate development as well as manage the firm's Legal, HR, and product and technology functions, says Binance.US. Brooks quit a month ago, citing "differences over strategic direction" at the cryptocurrency exchange, which has been dogged by regulatory issues around the world, with watchdogs in the UK, Japan, Hong Kong, Germany and Thailand among those to take action over AML and consumer protection concerns. In a statement, Shroder stresses that Binance.US has established itself as "regulatory compliant" as well as profitable, serving millions of customers. During nearly three years at Ant Group, Shroder focused on growing and expanding the company’s operations and global partnerships. Prior to Ant, he was head of strategy and business development for Uber in their Asia Pacific region. Shroder's brother Matt joined Binance in February 2020 as VP, global expansion operations. Lead Channel

    Currently, the global crypto market cap stands at $2.74 trillion, a decrease of 0.11%. Other cryptocurrencies were trading in the red.
    After the flash crash, Bitcoin's level on Binance U.S. "almost immediately snapped back to where it had been," according to a Bloomberg report.

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    The entrepreneur is also part owner of the VanEck Vectors Social Sentiment ETF (BUZZ) that launched in March and tracks social-media buzz from platforms like Reddit.

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    The move comes a week after the Securities and Exchange Commission cleared the way for the launch of the first bitcoin-linked ETF. Investors poured more than $1bn in to the ProShares Bitcoin Strategy fund, prompting it to buy up futures contracts that track the price of bitcoin. This, in turn, propelled the price of bitcoin to an all-time high.

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    Support from the broader market would be needed for Bitcoin to break back through to $62,000 levels.

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    While, theoretically, U.K. users are still able to fully use the platform, responding to the ruling, a number of U.K. banks, including Barclays and HSBC, have since banned their customers from depositing into Binance.

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