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  12. Litecoin, like many other cryptocurrencies, is a volatile asset whose price can change significantly by the day, or even the hour. That means it’s hard for anyone to make a confident Litecoin price prediction. Below is a chart showing Litecoin’s historical and current price. A major benefit of most cryptocurrencies is that they are completely decentralized. Some cryptocurrencies are controlled by their developers who can arbitrarily determine the tokenomics (supply, inflation, deflation etc.) of the coin – but many are operated in a fully decentralized manner. This can be achieved through staking (or staking delegation), Decentralized Autonomous Organizations (DAOs), or simply the distributed network of miners powering the network choosing how and where to allocate their hashpower (mining power). Decentralization helps keep cryptocurrencies free from the risk of corruption that can be seen when a single entity has complete control over an entire fiat currency.
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    Following the June news that investment giant BlackRock filed for a spot Bitcoin ETF to track the actual price of Bitcoin rather than just Bitcoin futures contracts, it initially looked like the original crypto was set up for a profitable summer. “A decentralized stablecoin is the Holy Grail of DeFi,” said Cyrus Younessi, former head of risk management at MakerDAO, the group behind DAI stablecoin. The selling point of bitcoin and ether is that they’re difficult for bureaucrats, politicians and central bankers to control, but their downside is price volatility. “If you could take those assets, extract stability out of them and productize it, then that’s huge,” Younessi said. U.Today – , the biggest cryptocurrency by market capitalization, fell from nearly $29,000 to as low as $25,234 in 24 hours before recovering marginally in early Friday trading….

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  13. Send money online fast, secure and easy. Live tracking and notifications + flexible delivery and payment options. Satoshi Nakamoto, a pseudonymous person or group, published the Bitcoin white paper in 2008, laying out BTC’s concept. In 2009, Bitcoin’s first block, called its genesis block, went live and brought BTC officially into existence as an asset. Nakamoto ceased communication in Bitcoin’s early years, and their real identity remains a mystery.  SMA is the average of the closing USD price of an asset – Bitcoin over a given number of periods. The 200-day simple moving average (SMA) is one of the most-watched activities in the price charts. There are two basic signals in relation to the moving average: In 2009, the first Bitcoin came into existence, marking the beginning of a transformative era. Satoshi Nakamoto, who mined approximately one million Bitcoins, mysteriously vanished in 2010. Nakamoto entrusted the network alert key and control of the code repository to Gavin Andresen. Andresen went on to become the lead developer at the Bitcoin Foundation, a nonprofit organization committed to advancing and promoting the Bitcoin network.
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    The SpaceX report was the “immediate catalyst” for bitcoin’s sell-off, said Ben Laidler, global markets strategist at eToro. Bitcoin is a cryptocurrency designed to be used as a payment method. Investors and traders began using it as an investment, as well, but its price is very volatile. This creates a significant amount of financial risk. It is best to talk to a professional financial advisor about your circumstances and goals before buying Bitcoin as an investment. When crypto is crashing, someone who’s been intrigued from the sideline might think this is the time to get in and “buy low.” But while prices can recover — and have done so in the past — the recovery could take months or years. Binance, the largest exchange, saw about $218 billion in monthly exchange volume during May, dropping about 26% from $293.83 billion in the previous month. Potentially as a result of the bear market and decreased demand, the exchange shared that it’s reevaluating its workforce headcount ahead of future market cycles.

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