SQUID Game cryptocurrency jumped 2,400% in one DAY after Shiba Inu skyrocketed and Bitcoin recovered.
Shiba Inu rallied an incredible 800 percent this month, hitting a record high of $ 0.00008870.
According to CNBC, the crypto SQUID traded at $ 2.22 in 24 hours on Thursday, while its market cap exceeded $ 174 million.
Meanwhile, Bitcoin rebounded in the early hours of Thursday morning, as Shiba Inu again posted gains in the crypto market.
Bitcoin went from a 24-hour high of $ 63,064 on Wednesday to $ 58,500 on Wednesday morning. But by early Thursday, it was back above $ 61,000, according to CoinBase.
Read our live cryptocurrency blog for the latest news and updates …
BANKS CAN REGULATE THE CRYPTO
U.S. officials are said to be exploring how banks could hold cryptocurrencies, with the aim of regulating the asset.
Crypto is growing rapidly and if it continues to grow outside of banks, federal regulators will not be able to control it.
DIGITAL WALLET, CONTINUED
As with other cryptocurrencies, people will be able to buy and sell Libras on exchanges for traditional currencies.
Facebook said its alternative currency paves the way for smoother online transactions and payments.
The project, however, faced regulatory resistance due to concerns about safety and reliability.
In December 2020, Libra changed its name to Diem and moved its operations from Switzerland to the United States as part of a “strategic shift”.
WHAT IS A DIGITAL WALLET?
A digital wallet is a gadget or software that securely stores payment information and user passwords for many payment methods.
They allow users to store cryptocurrencies, make purchases online or in stores, and track their finances.
In 2019, Facebook announced its intention to introduce a cryptocurrency that was called Libra at the time.
Titan tecg said it wants to create a separate private currency system to make it easier for users to make cross-border payments.
THE SWISS REGULATOR APPROVES THE FIRST CRYPTO FUND
The Swiss Financial Market Supervisory Authority has approved the first Swiss crypto fund, Bitcoin.com reported.
FINMA revealed that the fund is called “Crypto Market Index Fund”.
It noted that it is an “investment fund under Swiss law belonging to the category ‘other funds for alternative investments’ presenting particular risks”.
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.
Thursday’s statement from the central bank sent the strongest signal yet that China is closed to crypto.
CHINA PREVIOUSLY CLOSED TRADE IN CRYPTO
This isn’t Beijing’s first step against digital currency – in 2017, China shut down its local cryptocurrency exchanges.
Despite the war on crypto, Chinese mines fuel nearly 80% of the global cryptocurrency trade.
ALEXIS OHANIAN ON THE CO-FOUNDER OF ETHEREUM, VITALIK BUTERIN, CONCLUSION
“I have never been so excited about the potential of the Internet”, Ohanian added.
“And that’s largely 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 took some pride in seeing his legacy grow.” Ohanian wrote from 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, however, 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, has been named one of the 100 most influential people of 2021.
Former Reddit executive chairman Alexis Ohanian praised him in a post for the article.
GOXX: “DECISION TUNNELS”
The amount to be traded is determined when Goxx goes through one of the two “decision tunnels”.
Depending on the tunnel it goes through, the amount it will buy or sell the cryptocurrency changes in increments of $ 20.
All data is transmitted to a computer which performs real-time transactions on behalf of Goxx.
THE CREATORS OF GOXX
Speaking to the BBC, the two Germans in their 30s behind the channel explained that the idea started as a joke.
“We felt that everything continues to get more expensive these days and that it is very difficult to save construction costs with high rents to pay,” they said.
“It seems like most people in our generation see no other chance than to throw a large chunk of their savings into the crypto market, without having a clue what’s going on there.
“We were joking about whether my hamster would be able to make smarter investment decisions than us humans.”
HAMSTER CRYPTO-TRADING, CONTINUED
The four-legged financial demon does not carry out transactions on his own, of course.
Instead, Goxx’s business decisions are made inside an “office” equipped with a camera and strapped to its usual cage.
Each day when he walks into the office, a feed is started on Twitch and a tweet is sent to his followers to let them know that trading has started.
The hamster then operates on an “intention wheel” which chooses one of 30 different cryptocurrencies to trade.
A HAMSTER CRYPTO-TRADING OUTPUTS THE MARKET
A hamster in Germany trades cryptocurrencies and has consistently outperformed the S&P 500.
The furry animal, called Mr Goxx, has been working since June, thanks to a specially adapted cage.
He determines which currencies to buy or sell by running on his wheel or walking through one of the two tunnels.
Mr. Goxx began trading on June 12 of this year.
The site states that the page is for fun and does not offer financial advice.
WALGREENS OFFERS COINSTAR KIOSKS
“Coinstar, in partnership with CoinMe, has launched a pilot project that allows its customers to use cash to buy Bitcoin,” a Walmart spokesperson told CBS MoneyWatch. “There are 200 Coinstar kiosks located in Walmart stores across the United States that are part of this pilot.”
SQUARE CAN BUILD BITCOIN MINING EQUIPMENT
Square CEO Jack Dorsey said the company could create a Bitcoin mining platform in a recent tweet, according to Business intern.
“Square plans to create a custom, open source silicon-based bitcoin mining system for individuals and businesses around the world,” said CEO Dorsey. said in a tweet.
“If we do this, we will follow our hardware portfolio model: building in the open in collaboration with the community. “
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.
WHAT IS COTI?
Coti is a blockchain platform with tools that allow organizations to build their own payment solution.
For example, traders can create branded stablecoins to improve payment options for customers.
The platform also has its own token of the same name.
The Coti group was first launched in 2017, “Coti” being the acronym for “Internet currency”.
WHAT IS THE CRYPTO HBAR?
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 with Mance Harmon.
HBAR is the cryptocurrency of Hashgraph Hedera.
The company itself explains, “HBAR is the native and energy efficient cryptocurrency of the Hedera public grid. “
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 has gained in value following a deal with Chinese social media giant TikTok.
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.
NEW CRYPTO-CURRENCIES RELEASED IN 2021
BitClout is an open source cryptocurrency project and social media platform.
Users can buy and sell “designer pieces” – based on their reputation.
For example, when they do something positive, the coin increases in value.
When the coin hit the market in June, it started trading at £ 129.
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.