New Delhi: The crypto cart turned mixed on Monday after a lukewarm weekend as investors booked profits in top gainers. However, Bitcoin was again over the $62,000 mark, after a brief consolidation.
Facebook said that its alternative currency paves the way for smoother transactions and payments online. .
Crypto Chase referred to the implications of sudden erratic price movements on exchanges, these serving to liquidate traders who should have retained their positions.
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Coinye, a semi-defunct cryptocurrency, is worth mentioning solely for its bizarre backstory.
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Difficulties impacted all three SafeMoon wallet products - its Android and iOS versions, and the website's buy and swap function.
Squid, which marketed itself as a "play-to-earn cryptocurrency", had seen its price soar in recent days - surging by thousands of per cent.
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“SafeMoon is now in the Dave Portnoy business and vice versa,” Portnoy said. “Why? I don’t know. it could be a Ponzi scheme,” he said. “If it is a Ponzi, get in on the ground floor,” he quipped.
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Cryptocurrency researcher Larry Cermak noted that a recent SafeMoon livestream had 50,000 viewers.
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