Bitcoin remains effectively unmoved after a choppy week of resistance and ranging price action. At the time of writing, the price of Bitcoin (BTC) sits at $61,526.92, representing a stubborn seven-day increase of 3.78 per cent.
Responding to regulatory pressure, Binance has curbed some services on cryptocurrency bets, highly leveraged positions and trading with tokens linked to shares, and has pledged to beef up its compliance staffing.
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What impact do cryptocurrencies have on the environment? Energy consumptions of ...
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer BTC $60,679 ETH $4,398 XRP $1.14 BCH $584 XMR $255.5 DASH $189 EOS $4.40 ZEC $159 ADA $1.968 NEO $43.96 BNB $608 XLM $0.353 USDT $1.0010 MIOTA $1.32 DOGE $0.26 BTC $60,679 -1.40% ETH $4,398 -2.44% XRP $1.14 -1.62% BCH $584 -2.78% EOS $4.40 -3.28% DOGE $0.26 -1.63% BTC/USD “crashes” 87% on Binance’s U.S. platform, drawing irritation from traders who criticized order book depth.
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It’s certainly fascinating to watch Binance, which has historically been one of the most aggressive crypto companies, transition into a more regulatory-compliant business. At the same time, those who have been cautious, such as Coinbase, are beginning to add new assets.
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From April 2017 to July 2017, Bitcoin steadily climbed close to $3,000 while the overall market cap went past $100 billion. However, by mid-July 2017, the price came crashing down to below $2,000 in a few short days when the Bitcoin/Bitcoin Cash split took place.
The Biden Administration on Monday released a report proposing new legislation to regulate stablecoins.
Bitcoin Gold was spawned as a way to make Bitcoin a more user-friendly experience. Developers of Bitcoin Gold have promised that cryptocurrency will be a network for experimentation, allowing users to develop products while working with a protocol that is similar to that of Bitcoin.
The project however faced regulatory resistance over concerns about security and reliability.
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Binance Coin (BNB) is a cryptocurrency that may be used in the Binance cryptocurrency exchange to trade and pay fees. As of January 2018, the Binance Exchange was the world's largest cryptocurrency exchange, conducting over 1.4 million transactions every second. Binance currency was originally based on the Ethereum blockchain and followed the ERC 20 standard, but it has subsequently become the Binance chain's native token. Binance Exchange is the world's largest cryptocurrency exchange as of April 2021, with over 1.4 million transactions per second.
Worth noting: Once upon a time, cryptocurrency mining was a potentially lucrative side business for those with the resources to invest in power- and hardware-intensive mining operations.
Both Binance and Binance.US are two of the most popular cryptocurrency exchanges on the planet. Although Binance has been around longer and established itself as the king of crypto trading, Binance.US is growing rapidly and appears to be making all the right moves such as hiring Brian Brooks as its CEO.
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Ethereum price action saw bulls flocking it at $3.250, around the 55-day Simple Moving Average (SMA) and the monthly pivot, as favorable tailwinds hovered in cryptocurrencies. For the second week in a row, ETH price action broke above a few significant resistance levels and is building momentum for another leg higher with a possible new all-time high in Ethereum price action.