Ether reached as high as $4,459.20, topping its previous record of $4,379.62 set in May.
This is against the stance taken by most Indian banks, which have virtually banned cryptocurrency trading using their infrastructure.
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Bill Noble, chief technical analyst at TokenMetrics, a cryptocurrency analytics platform, thinks the price of Bitcoin will climb throughout the rest of the year. “I think it’s more likely Bitcoin goes to $75,000 than $25,000,” he says.
Cryptocurrencies have seen an explosion in popularity since they rose to prominence in 2009 and there are now over two thousand in existence. Some of the ‘major’ cryptocurrencies include Bitcoin, Ethereum and Litecoin. These are among the most traded cryptocurrencies worldwide, with the largest market caps.
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The cost of transactions (or gas fee) varies based on the size of a transaction, and how congested the network remains at any given time.
Either way, SafeMoon investors seems satisfied that token ownership is being diversified and spread across the community rather than being controlled by a few whales. Though new whales appear to be sprouting up by the day.
The U.S. House of Representatives voted to pass a bipartisan infrastructure bill that contains a controversial cryptocurrency tax reporting requirement.
Wealthsimple said it hopes that its new portfolio will boost employee participation in employer-sponsored savings plans and encourage workers to save for their retirement, according to Financial Post.
Once this initial interval expires, Binance.US will introduce a uniform fee schedule, with flat-fee amounting to 0.10% per trade for personal accounts. In other words, the purchase of 100 USD worth of BTC, for example, will take USD 0.10 out of your pocket. The fee schedule for corporate accounts will be adjusted based on the associated trading volume.
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4JNET’s unique mechanism echoes with the “HODL” idea of encrypted tokens to a great extent, which advocates“buy and hold” regardless ofits appreciation and depreciation in the short run.In essence, its fairness, security and transparencyenhance the investors’ confidence in holding the tokens for a long time or trading at right time, allowing them to become rich one day.
CryptoTV by CoinSwitch Kuber | Anirudh Rastogi-Founding and Managing Partner - Ikigai Law
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Safemoon is a cryptocurrency token that was launched in March 2021. The token is housed on the Binance Smart Chain (BSC), a blockchain developed by Binance that runs parallel to the traditional Binance Chain (BC). The difference between the two is that Binance Smart Chain has smart contract functionality, opening up many avenues for decentralised applications (dApps) to be constructed.
The 4% of the fee is distributed to the token holders as a reward for holding the token. The rewards are sent to the token holder's wallets automatically in the form of BNBs every 60 minutes. This is one of the ways that Safemoon will be making an active income from Bitrise coins. Only 3% of the fee goes to marketing.