SHIBA Inu coin is on Coinbase Tuesday, as is Bitcoin after Square CEO Jack Dorsey revealed that the company is looking to enter crypto mining with that coin.
"Square is considering building an open source, custom silicon-based bitcoin mining system for individuals and businesses around the world," said CEO Dorsey. he said in a tweet on Friday.
"If we do this, we would follow our hardware wallet model: build outdoors in collaboration with the community."
Bitcoin price hit a six-month high of $ 62,000 after the tweet, Business Insider reported.
Both of them Bitcoin and Shiba Inu remain active Tuesday, according to Coinbase.
Additionally, cryptocurrency prices underwent some changes after President Biden's statement that drew attention to potential currency errors such as ransomware and other cyber threats.
The declaration of Joe biden Read: "Cyber โโThreats Can Affect All Americans, All Businesses Regardless of Size, and All Communities. That is why my administration is organizing a nationwide effort to address cyber threats."
Read our live cryptocurrency blog for the latest news and updates ...
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WHAT IS COTI?
Coti is a blockchain platform with tools that allow organizations to build their own payment solution.
For example, merchants can create branded stablecoins to boost payment options for customers.
The platform also has its own token with the same name.
The Coti group was first launched in 2017, with "Coti" being an acronym for "Internet currency."
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WHAT IS HBAR CRYPTO?
Hashgraph is similar to a blockchain and was created in 2017 by American computer scientist Leemon Baird.
The Hedera Hashgraph system is a distributed ledger built on Hashgraph and was created by Baird together with Mance Harmon.
HBAR is the cryptocurrency of the Hedera Hashgraph.
The company itself explains: "HBAR is the native and energy efficient cryptocurrency of the Hedera public network."
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WHAT ARE THE RISKS OF INVESTING IN BITCOIN?
Although returns have been favorable in the past year, a potential investment can turn out to be poor if it is bought too high.
For example, Bitcoin seemed unstoppable when By Elon Musk Tesla bought $ 1.5 billion worth of cryptocurrency at the beginning of the year.
But then the billionaire caused a big selloff in Bitcoin when he said Tesla would do it. stop accepting cryptocurrency payments.
Although Musk has said that he believes there is a future with Bitcoin and Tesla, he has expressed environmental concerns about the cryptocurrency.
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VOLATILE PRICES AND DEMAND
Myron Jobson, a personal finance activist at Interactive Investor, told The Sun: "It's difficult to predict the price of something that has intrinsic value of zero."
"All it takes is a tweet from high-profile people who have a significant influence on sentiment for cryptocurrencies to increase demand."
"But increased regulatory scrutiny on cryptocurrencies threatens to hamper Shiba Inu's growth potential."
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BITCOIN TAKES A NEW HIGH AFTER DORSEY'S TWEET
Bitcoin's price hit a six-month high of $ 62,000 after Dorsey tweeted about Square's possible development last Friday, according to CoinDesk and Business Insider.
That increase sent its year-to-date earnings to 114 percent.
It was the last one trading around $ 64,200 Tuesday afternoon.
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SQUARE CAN BUILD BITCOIN MINING HARDWARE
Square CEO Jack Dorsey said the company may create a bitcoin mining platform in a tweet last Friday, according to Business Insider.
"Square is considering building an open source, custom silicon-based bitcoin mining system for individuals and businesses around the world," said CEO Dorsey. he said in a tweet late that day.
"If we do this, we would follow our hardware wallet model: build outdoors in collaboration with the community."
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SOLANA SCALABILITY, CONTINUED
Myron Jobson, a personal finance activist at Interactive Investor, told The Sun: โThe collection of 10,000 reported works of art sold out in less than 10 minutes. Each piece was 'minted' using the SOL token. "
He added that "there is a feeling among crypto evangelists that Solana has strengthened its status as a credible competitor to Ethereum as the blockchain of choice for creating decentralized applications."
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'MILESTONE SCABILITY TEST'
Solana is on the rise after a "historic scalability test" last month.
It housed the โDegenerate Ape Academyโ, a collection of digital works of art (NFT) in Solanart, a market on the Solana network.
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EXPERT COMMENTS ON ALQUIMIA PAGO AND BINANCE
Shaun Heng, Vice President of Growth and Operations, CurrencyMarketCap told The Sun that it is challenging to assess the risk of many crypto projects like Alchemy Pay.
And while he's not a fan of Alchemy Pay's cryptocurrency-linked cards, he did promote one of his partners, Binance, which is the world's largest cryptocurrency exchange by trading volume.
Heng said: "The partnership with Binance is definitely a good sign of validation for the project."
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CHINA PREVIOUSLY CLOSED CRYPTO EXCHANGES, PART TWO
While cryptocurrency creation and trading has been illegal in China since 2019, this year's crackdown by Beijing warned banks to halt related transactions and shut down much of the country's vast network of operations. bitcoin miners.
Thursday's statement from the central bank sent the strongest signal yet that China is closed to cryptocurrencies.
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CHINA PREVIOUSLY CLOSED CRYPTO EXCHANGES
Not Beijing's first move against digital currency: in 2017, porcelain shut down your local cryptocurrency exchanges.
Despite the war on cryptocurrencies, Chinese mines power nearly 80 percent of the world's cryptocurrency trade.
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CHINA'S REPRESENTATION AGAINST CRYPTO IS A 'GREAT OPPORTUNITY' FOR US
From China The crackdown on cryptocurrency transactions "is a great opportunity for the US," according to Pat Toomey, the top Republican on the Senate Banking Committee.
This comes as the US Securities and Exchange Commission lobbied for more regulations when it comes to cryptocurrencies.
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CRYPTO AUDIO STREAMING, CONTINUED
According to Audius, more than 5.3 million people have used the platform this month.
Audio has been listed on CoinMarketCap since October 2020, and its value has skyrocketed following a deal with Chinese social media giant TikTok.
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TRANSMISSION OF AUDIO CRYPTO
Audius is a music streaming platform with cryptographic technology.
It is owned and controlled by token holders, and the tokens are called Audio.
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WHAT IS BITCOIN?
Bitcoin was established in 2009 by an unknown computer expert using the alias Satoshi Nakamoto.
The cryptocurrency uses a mining procedure that involves a computer solving a difficult mathematical problem with a 64-digit solution.
For each problem solved, one block of Bitcoin is processed. Also, the miner is rewarded with new Bitcoin.
But the reason it receives criticism from environmentalists is that Bitcoin currently uses about 99.10 tert-hours a year, according to the Cambridge Center for Alternative Finance.
Currently, they are approximately There are 21 million Bitcoin tokens.
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HOW VALUABLE IS THE CRYPTO ECONOMY NOW?
The crypto economy is approaching $ 3 trillion in value.
This week, the crypto economy became more valuable than Apple, and bitcoin became the sixth most valuable asset in the world.
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GRAY SCALE BITCOIN TRUST ETF
On October 19, Grayscale and the New York Stock Exchange filed an application to convert the Grayscale Bitcoin Trust into an ETF.
Grayscale Bitcoin Trust is the world's largest bitcoin fund, and the company also manages the Grayscale Ethereum Trust.
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BITCOIN EXCEEDS $ 64,000 WEDNESDAY
For the first time since April, bitcoin surpassed $ 64,000 on Wednesday, reaching almost $ 65,000.
The milestone came just one day after the launch of the ProShares Bitcoin Strategy ETF on October 19.
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WHAT ARE THE TOP TEN CRYPTO ASSET EXCHANGES?
According to Bitcoin.com, the top ten most valuable crypto asset exchanges are respectively Coinbase, Binance, Huobi Global, Kraken, Okex, Gemini, Bitfinex, Bittrex, Bitmex and Bitflyer.
These trading platforms hold 7.47 percent of the entire crypto economy, worth more than $ 206 billion.
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NFT CONTINUES
Crypto commentator Jonathan Marriott said that NFTs provide a legitimate way to verify ownership and trace the origin of an item.
He said: โAn NFT allows you to record where and when something is done and track the entire process to verify that it is legitimate.
โThe public element of the blockchain makes it irrefutable. No one can fake it. "
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WHAT IS AN NFT?
An NFT is an asset purchased with cryptocurrency online.
Owning an NFT means owning original work published on the internet, which may include memes, art, or photos.
NFTs digitize a piece of work and are stored on the blockchain.
That means that it cannot be replicated and is exclusive to whoever owns it.
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GOXX: 'DECISION TUNNELS'
The amount to be traded is determined when Goxx passes through one of the two "decision tunnels".
Depending on the tunnel you go through, the amount you will buy or sell in the cryptocurrency changes in increments of 20 euros.
All data is stored on a computer that conducts real-time transactions on behalf of Goxx.
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GOXX CREATORS
Speaking to the BBC, the two 30-something Germans behind the channel explained that the idea started as a joke.
"We feel like everything is getting more and more expensive these days and that construction savings are very difficult to achieve with high rents to pay," they said.
โIt seems that most of the people of our generation see no other opportunity than to throw a large part of their savings into the cryptocurrency market, having no idea what is happening there.
"We were joking about whether my hamster could make smarter investment decisions of what we humans do. "
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CRYPTO-TRADING HAMSTER, CONTINUED
The four-legged financial demon isn't completing transactions himself, of course.
Instead, Goxx's business decisions are made inside an "office" with cameras and attached to its usual cage.
Every day when you walk into the office, a Twitch broadcast starts and a tweet is sent to your followers notifying them that trading has started.
The hamster then runs on a "wheel of intent" choosing one of 30 different cryptocurrencies to trade.
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A CRYPT HAMSTER MARKETS SUPERIOR TO THE MARKET
TO hamster in Germany trades with cryptocurrencies and has consistently outperformed the S&P 500.
The furry animal, named Mr Goxx, has been busy working since June, thanks to a specially adapted cage.
He determines which coins to buy or sell by running on his wheel or walking through one of the two tunnels.
Goxx began trading on June 12 of this year.
The site claims that the page is for fun only and does not offer financial advice.
