SHIBA Inu coin fell again on Wednesday as Bitcoin rose slightly and GYEN was launched on Coinbase Pro.
Coinbase began “accepting inbound transfers from GYEN” with the start of trading “from 9:00 a.m. Pacific Time (PT) on Wednesday, November 10, if liquidity conditions are met.”
Meanwhile, Bitcoin rose slightly, according to Coinbase, and Shiba Inu fell again. The Shiba Inu coin has been listed as down 24.84% in the past seven days on the crypto site.
Shibu Inu is a cryptocurrency token that allows users to hold billions of it. Shiba Inu tokens feature the same dog as Dogecoin, which has become one of the most popular cryptocurrencies this year.
Additionally, at the New York Times DealBook conference, Apple CEO Tim Cook was asked if he owns Bitcoin or Ethereum and said, âI do. I think it’s reasonable to own it as part of a diversified portfolio, âaccording to CNBC.
“I do not give any investment advice to anyone,” he added.
Read our live cryptocurrency blog for the latest news and updates …
WHAT IS LITECOIN?
As the name suggests, cryptocurrency is small.
But Litecoin, which was created in 2011 by Google engineer Charlie Lee, works the same way as Bitcoin.
Mr. Lee sometimes refers to Litecoin as âBitcoin silver to goldâ.
Both cryptocurrencies act similarly in setting up their overall payment transactions. Both are not controlled by financial institutions.
HOT TIPS FROM “FRIENDS”
Multilevel marketing scammers will often use the language of cryptocurrencies to trick people into joining as ‘members’.
Cryptocurrencies don’t have members, they have investors.
Avoid receiving investment advice from friends and family; Instead, turn to price tracking websites like CoinMarketCap, CoinGecko, or CoinPaprika, and always do your research before investing.
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 Â£ 750,000 in B2G to appear in promotional material for scammers.
He appeared in a press release to them and âwholeheartedlyâ endorsed the program in a message to his 7 million Facebook followers.
cryptocurrency gift scams
In gift scams, scammers often pose as celebrities or well-known personalities and ask victims to send Bitcoin, promising to return a much larger amount.
Many ad scams are marketed on social media, attempting to connect through Facebook, Twitter or Instagram.
For example, victims said they sent over $ 2 million to crooks posing as Elon Musk.
ASK IN AN AGENCY OR A COMPANY
As Inverse noted, many phishing scams will attempt to impersonate a government agency or business to get your attention.
Some reports to the FTC said the victims were contacted by crooks posing as the Social Security Administration and asked to deposit money at Bitcoin ATMs.
Other victims lost money to crooks posing as cryptocurrency company Coinbase.
While the growth of Bitcoin has skyrocketed in some bank accounts, it has also fueled the growth of crypto-related fraud operations.
The FTC reported that since October 2020, nearly 7,000 people have reported losses of more than $ 80 million in the United States due to cryptocurrency scams.
This number is about 12 times, or 1,000 percent more than the losses reported during the previous year period.
MUSK TWEETS ON UNIVERSITY WITH ‘TUITION’ IN ‘DOGECOIN’
On October 29, Elon Musk tweeted: “I am thinking of starting a new university: Texas Institute of Technology & Science.”
He then added this tweet on Halloween below, “Tuition is in Dogecoin and you get a discount if you have a dog.”
Another popular crypto scam technique is websites that appear to be a new cryptocurrency mining operation or a new investment opportunity.
These sites encourage investors to wire money, sometimes offering investment âtiersâ and promising better returns.
But when users try to withdraw their money, they can’t and ask them to enter even more cryptocurrency.
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 existing demand and supply 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.
HELIUM ON THE RISE
Crypto-helium price predictions have skyrocketed and could be the next cryptocurrency to explode in 2022.
Experts predicted it would be a lucrative investment in the crypto space. as price predictions have intensified ahead of this week’s big launch, as the network connects people through shared hotspots.
WHAT CRYPTO BURGER KING DOES IT OFFER?
Burger King has announced its partnership with RobinHood to offer cryptocurrency as part of a promotion that began this month.
The company offers Bitcoin, Ethereum, and Dogecoin.
âThe prize pool includes two million Dogecoin, 200 Ethereum and 20 Bitcoin, so only 220 guests could receive a Bitcoin or Ethereum cryptocurrency prize,â the company’s website revealed.
BURGER KING OFFERS A CRYPTO
Burger King announced its partnership with RobinHood to offer cryptocurrency.
The promotion began this month and will run through December, according to a company statement.
âMembers of Royal Perks get a chunk of the crypto with any purchase of $ 5 and over,â one reads.
âEarn an encrypted coin with a qualifying order once per day. But hurry, this is a limited time promotion! the site warned.
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.
DECLARATION BY CHINA, CONTINUED
Bitcoin, the world’s largest digital currency, and other cryptos cannot be traced by a country’s central bank, making them difficult to regulate.
The crackdown on crypto opens the doors for China to introduce its own digital currency, which it is already working on and will allow the central government to monitor transactions.
The PBOC said it would “resolutely crack down on virtual currency speculation, financial activities and inappropriate behavior in order to protect people’s property and maintain economic, financial and social order.”
He said trading in virtual currencies has become “widespread, disrupting the economic and financial order, giving rise to money laundering, illegal fundraising, fraud, pyramid schemes and other activities. illegal and criminal â.
CHINA MAKES CRYPTO TRADE ILLEGAL
The central bank of China has announced that all cryptocurrency trading is illegal in the country and that token mining is prohibited.
The People’s Bank of China (PBOC) said, âVirtual currency related business activities are illegal financial activities.
The country previously banned financial institutions from offering crypto-related transactions and warned investors against speculative transactions.
AUDIUS VALUE RISE AFTER THE TIKTOK AFFAIR
After a deal with TikTok, Audius’ price skyrocketed.
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.
CRYPTO AUDIO BROADCAST
Audius is a cryptography-based music streaming platform.
It is owned and controlled by the token holders – and the tokens are called Audio.
According to Audius, more than 5.3 million people have used the platform this month.
Audio has been listed on CoinMarketCap since October 2020.
WHAT WILL BITCOIN’S PERFORMANCE MEASURE ON WALL STREET?
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 now that digital currencies, including Bitcoin and Ethereum, will be traded on Wall Street, according to Money Control .
DOW JONES EXPERT ON THE WALL STREET CRYPTO TRADE
Some cryptocurrencies will be introduced to trading floors on Wall Street, Money Control reported.
âTraditional financial markets and digital assets are no longer mutually exclusive markets,â said Peter Roffman, global head of innovation and strategy at S&P Dow Jones Indices.
CHINA PREVIOUSLY CLOSED TRADE IN CRYPTO, PART II
While the creation and trading of crypto has been illegal in China since 2019, new crackdowns this year by Beijing have warned banks to suspend related transactions and shut down much of the country’s vast network of bitcoin miners.
The previous central bank statement sent the strongest signal yet that China is closed to crypto.