Cryptocurrency Price News – Crypto hamster up after Elon Musk, Mr. Goxx and Dogecoin tweet as Bitcoin level on Coinbase
HAM crypto is skyrocketing today after picking hamster Mr. Goxx and Elon Musk as Bitcoin remains level on Coinbase.
Tesla CEO Musk tweeted “Hamster Has Crazy Talent !!” referring to the hamster of the creator of Dogecoin, Billy Markus.
After the tweet, HAM traded 464.46% higher at 0.000000000016 over 24 hours and climbed 453.2% and 458.74% against Bitcoin and Ethereum respectively, according to Benzinga.
Meanwhile, Bitcoin and Ethereum are going to be traded on Wall Street and Coinbase now allows user deposits to its accounts.
The S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index will measure the performance of digital assets linked to them in the trading rooms, according to Money Control.
Bitcoin fell 5.5% and Ethereum plunged about 6% on Friday, according to Coinmarketcap.
But on Monday, the price of bitcoin has jumped nearly 5% since Sunday and Ethereum has jumped to 12%, Forbes reported.
Read our live cryptocurrency blog for the latest news and updates …
WHAT IS ALGORAND?
Algorand is a cryptocurrency in the Algorand blockchain, a decentralized public network on which smart contracts can be built.
It was created in 2019 by Silvio Micali, professor at the prestigious Massachusetts Institute of Technology (MIT).
The computer scientist also won the Turing Prize for his work in the field of cryptography.
RISKS OF INVESTING IN CRYPTOS, PART V
Finally, the truth in Promotional material is a risk in investing in cryptos.
Businesses may overestimate product returns or underestimate the risks involved.
RISKS OF INVESTING IN CRYPTOS, PART FOUR
Another investment risk are charges and fees.
Consumers should take into account the impact of fees and charges on their investment, which may be higher than those of regulated investment products.
RISKS OF INVESTING IN CRYPTOS, PART THREE
A third risk of investing in cryptocurrencies is product complexity.
The complexity of some crypto-asset related products and services can prevent consumers from understanding the risks.
There is no guarantee that cryptoassets can be converted back to cash.
The conversion of a crypto-asset into cash depends on the demand and the supply existing in the market.
RISKS OF INVESTING IN CRYPTOS, PART II
Another investment risk is price volatility.
The significant price volatility of crypto-assets, combined with the difficulties inherent in a reliable valuation of crypto-assets, puts consumers at high risk of loss.
RISKS OF INVESTING IN CRYPTOs
We have rounded up five risks of investing in cryptocurrencies.
The first is Consumer protection.
Certain investments showing high returns based on crypto assets may not be subject to regulation beyond anti-money laundering requirements.
CHINA’S CRYPTO REPRESSION IS “A GREAT OPPORTUNITY” FOR US
China’s crackdown on cryptocurrency transactions “is a great opportunity for the United States,” according to Pat Toomey, the top Republican on the Senate Banking Committee.
It comes as the United States Securities and Exchange Commission has pushed for more cryptocurrency regulations.
KRAKEN STAFFER TWEETS ON CRYPTO
Dan Held, who is behind Growth for Kraken Exchange, which allows users to buy bitcoin and other cryptocurrencies, tweeted about the crypto on Monday.
“I put my savings in Bitcoin because I have a risk aversion,” he wrote.
STEVEN SEAGAL’S BITCOIN SCANDAL
Under Siege and Half Past Dead, hardman Seagal was paid to promote “Bitcoiin2Gen” (B2G) which saw 500 investors left out in cash and other cryptocurrencies as he unwittingly ended up supporting the scam.
Seagal was reportedly offered $ 250,000 as well as £ 750,000 in B2G to appear in promotional material for scammers.
He appeared in a press release to them and “wholeheartedly” endorsed the program in a message to his 7 million Facebook followers.
Cryptocurrencies operate on blockchain networks.
Scammers often claim their blockchain is ‘in development’ or ‘about to be released’, but all legitimate cryptos will have an accompanying website to verify the currency.
Users can type the name of the crypto into any search engine with the phrase “blockchain explorer” or “blockchain scan” to find the connected blockchain, if it exists.
THE ‘MUSK’ EFFECT ON CRYPTO
Elon Musk has once again been linked with activity in the crypto markets.
Earlier this week, Telsa’s CEO tweeted about the arrival of his new Shiba Inu puppy, Floki.
A few days later, the price of the Shiba Inu coin skyrocketed.
ALEXIS OHANIAN ON THE CO-FOUNDER OF ETHEREUM, VITALIK BUTERIN, PART THREE
“I have never been so excited about the potential of the Internet,” added Ohanian.
“And that’s in large part thanks to Vitalik Buterin.”
Buterin is the co-founder of Ethereum and also co-founded Bitcoin Magazine in 2011.
ALEXIS OHANIAN ON ETHEREUM CO-FOUNDER, VITALIK BUTERIN, CONTINUED
“No one could have imagined all the uses of Ethereum, but it took a person’s idea to launch it,” Ohanian added of Buterin.
“From there, a new world opened up and spawned new ways to harness blockchain technology, some of which I have invested in.
“Whether it was startups like Sorare reinventing fantasy sports or Rainbow users showing off their NFT collections, none of this would have existed without the creation of Vitalik.”
ALEXIS OHANIAN ON THE CO-FOUNDER OF ETHEREUM, VITALIK BUTERIN
“Thanks to Reddit’s r / Ethereum community, I had the privilege of following Vitalik Buterin’s career from the start, which is why I was proud to see his legacy grow,” Ohanian wrote of the programmer.
“Of course, we can talk about the value he created as a co-founder of the platform, including Ethereum’s impressive market capitalization of around $ 400 billion, the dazzling world of apps. decentralized and this year’s boom in the NFT trade. “
“What makes Vitalik so special is that he is a builder of builders.”
ONE OF ETHEREUM’S CO-FOUNDERS NAMED AT TIME 100 MOST INFLUENTIAL PERSON
One of Ethereum’s co-founders, Vitalik Buterin, was named one of the 100 Most Influential People of 2021 by Time magazine.
Former Reddit executive chairman Alexis Ohanian praised him in a post for the article.
STOCK IN CRYPTO COMPANIES FALLS AFTER CHINA’S ANNOUNCEMENT
Shares of cryptocurrency-related companies Coinbase Global, MicroStrategy Inc, Riot Blockchain, and Marathon Patent Group fell after China’s central bank banned crypto trading and mining.
“It’s been a very volatile week to say the least, so I think as we approach the last week of September volatility should continue, especially with the end of quarter build-up,” said Peter Cardillo, Chief Markets Economist at Spartan Capital Securities in New York.
Investors are also looking for signs of progress on President Joe Biden’s spending and bills.
LITECOIN VS. BITCOINS
Litecoin, which was created in 2011 by Google engineer Charlie Lee, works the same way as Bitcoin.
Mr. Lee sometimes refers to Litecoin as “Bitcoin silver to gold”.
Both cryptocurrencies act similarly in setting up their overall payment transactions. Both are not controlled by financial institutions.
Like most cryptocurrencies, Litecoin uses blockchain technology to process and record transactions.
Although Litecoin is smaller, it is a faster and cheaper alternative to Bitcoin.
CRYPTOCURRENCY EXCHANGE HUOBI STOPPING NEW CONTINENTAL CUSTOMERS, CONTINUED
Chinese regulators stepped up the crackdown on Friday, banning cryptocurrency transactions and mining, clarifying that foreign exchanges are not allowed to provide services to mainland investors via the internet.
Huobi Global said in a statement that it will proceed with an orderly exit of its existing mainland customers on the assumption that the security of their assets is guaranteed.
HUOBI CRYPTOCURRENCY EXCHANGE STOP TAKING NEW CONTINENTAL CUSTOMERS
China’s Huobi Global cryptocurrency exchange said on Sunday it stopped taking new clients from the mainland as of Friday.
It terminates contracts with mainland customers by the end of the year to comply with local regulations.
BUSINESS JOURNALIST SAYS DEBT CEILING IS A RISK FOR CRYPTOCURRENCY
Fox Business reporter Susan Li noted on Twitter that the looming debt ceiling crisis in the United States could impact crypto.
“DebtCeiling is a risk for all assets, including #cryptocurrency,” she wrote alongside a video on the topic.
AUDIUS VALUE FLIES
After its deal with TikTok, Audius’ price climbed 109% in the past 24 hours on Tuesday, according to CoinMarketCap.
In March, Audio climbed to $ 4.18 from $ 2.50 the previous day as the platform’s profile began to grow.
However, it fell soon after, and despite rising in May, it has fallen since until the end of July.
PYTH CAUSES HUGE BITCOIN FALL
According to Bloomberg, an error on Monday caused the Pyth platform to incorrectly show that the price of Bitcoin had fallen to around $ 5,400.
That would have been a catastrophic drop from around $ 50,000 earlier this month.
A number of Bitcoin fanatics have sounded the alarm bells online, but it turns out they have nothing to fear.
Pyth, who provides financial data to a number of large investment firms, confirmed in a tweet Monday that a glitch was at the root of the problem.
EXPERTS PREDICT POLYGON GROWTH
It is impossible to know for sure how the price of Ethereum will change in the future.
However, experts and investors have made some predictions.
Charlie Barton, investment specialist at comparison site Finder, warned in mid-May: “Polygon’s performance has been extremely strong recently, reaching 10,000% growth last year. “
“It’s easy to get carried away, but it’s very unlikely that such aggressive growth will continue indefinitely.”
WHAT IS POLYGON?
Polygon is an Ethereum token that powers the Polygon network, which aims to provide faster transactions on the Ethereum blockchain.
It was originally known as the Matic Network when it launched in 2017.
Polygon peaked on May 18 when it climbed to $ 2.4544.
The price has climbed about 9200% this year, from $ 0.01781 on Jan. 1.
Dating app scams and crypto
Some cryptocurrency fraudulent operations have started using dating apps to attract potential targets.
In some reports, the crooks are said to present themselves as a long-distance love interest sharing a new cryptocurrency opportunity.
About 20% of the money that was reportedly lost to dating scams over the past year was in cryptocurrency.