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RE: Cryptos Slide On Rumor Of Binance Crackdown, CEO Denies

in #bitcoin6 years ago

These are dark times for cryptocurrency, one factor influencing rise in prices is followed by another factor influencing a bigger fall in the prices. Stopping binance from operating in Japan will be a huge blow to cryptoassets. Investors have endured these low prices for a long time which could be tolerated because of the external factors which the market couldn't have control over like the various bans on Google, facebook, twitter.. but now a factor involving an exchange not being licensed is avoidable. This is a huge firm with a lot of influence on the globe, the public expects them to be more responsible than this. Prices have been down for a long time, and any chance of a factor prohibiting the growth of coins should be dealt with to avoid further damage.
Blockchain being a technology in transition needs to keep active to attract more users to join a decentralised system of currency leaving the centralised system they are using, and this has to be done through boosting the prices of coins to keep the public from living in fear because of uncertainties.

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