SHIBA Inu coin, Storj and Pyr soared following a Metahero drop, which the cryptocurrency seems to have bounced back from.
Pyr is up a significant 33.73 percent, at $19.73, while stock in Storj went up by 26.41 percent.
Metahero was priced at $0.1228, which is in keeping with slow, steady growth over the last month, marked by occasional drops.
Shiba Inu reached an all-time high of $0.00008845 on Thursday, October 29th.
As Facebook rebrands to “Meta”, MANA is taking over the crypto world. MANA skyrocketed to $4.33 on Saturday, a 164 percent gain.
The rise appears to come after Facebook CEO Mark Zuckerberg announced “metaverse” — a virtual reality work for users to play games and socialize.
Shiba Inu has rallied an amazing 800 per cent this month, hitting a record high of $0.00008870.
Meanwhile Bitcoin is down by 1.25% and has been on a steady decline throughout Sunday morning.
On Wednesday, Bitcoin fell from a 24 hour high of $63,064 to $58,500 Wednesday morning. But early on Thursday, it was back above $61,000, according to CoinBase.
Read our cryptocurrency live blog for the latest news and updates…
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FINANCIAL RISKS OF ADOPTING BITCOIN
Proponents of El Salvador’s decision have hailed the move as the progressive future of money.
Critics, however, have derided it as little more than a publicity stunt by Bukele.
More troublingly, they say the move poses substantial financial risks to ordinary Salvadorians and their country, as cryptocurrency is an infamously volatile market.
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ADOPTING BITCOIN AS CURRENCY HAS ‘HUGE POTENTIAL’
Maggie Wu, the CEO of blockchain venture capital firm Krypital Group, says challenges in Bitcoin adoption do exist, but told Forbes she’s optimistic about its future.
“I believe that Bitcoin adoption is conceivable, especially in the relatively small developing countries with inadequate monetary systems where the recognition of digital currencies there is relatively high,” she said.
“The blockchain-related infrastructure that can carry digital currencies in most Central and South American countries and regions is not complete, including wallets, exchanges, etc. This is also the direction of our investment focus.”
“We think there is huge potential and value here for fostering crypto adoption throughout the region.”
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COULD BITCOIN REPLACE THE DOLLAR? CONTINUED
Leading lights in the Bitcoin community say it is not far from overtaking the value of all the silver in the world and will “easily” have over a billion users within the next five years.
With national currencies currently being devalued by central banks through money printing and Bitcoin’s inbuilt cap of 21 million coins, they argue we may be on the cusp of “hyperbitcoinization”.
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COULD BITCOIN REPLACE THE DOLLAR?
Bitcoin could be poised to overtake the dollar by 2030 as the world’s reserve currency, some experts in the soaring cryptocurrency believe.
The digital money hit its all-time high against the US dollar on Wednesday when a single Bitcoin was trading for nearly $67,000.
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HOW MUCH HAS THE VALUE OF BITCOIN CHANGED?
Bitcoin has jumped 26 percent in the past month.
Some of gains can be attributed to Gary Gensler, chair of the US Securities and Exchange Commission, repeating his support for Bitcoin exchange-traded funds (ETFs).
Instead of buying Bitcoin directly, the move means you invest in futures contracts.
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LITECOIN VS. BITCOIN, CONTINUED
Like most cryptocurrencies, Litecoin uses blockchain technology for processing and recording transactions.
While Litecoin is smaller, it is a quicker and cheaper alternative when compared to Bitcoin.
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LITECOIN VS. BITCOIN
Litecoin, which was established in 2011 by Google engineer Charlie Lee, operates similarly to Bitcoin.
Mr Lee on occasions refers to Litecoin as the “silver to Bitcoin’s gold.”
The two cryptocurrencies act similarly in how their global payment operations are set up. Both are not controlled by financial institutions.
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WILL LITECOIN HIT $500? CONTINUED
Odds are this helped give Litecoin a boost as well.
In 12 months’ time, the price of Litecoin could exceed $255, according to Wallet Investor.
But near the end of 2026, Wallet Investor sees Litecoin exceeding $557.
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WILL LITECOIN HIT $500?
Litecoin exploded to $412.96 early – the closest it has ever gotten to the $500 mark.
But it has dropped since.
While China has banned all cryptocurrency transactions, big brother Bitcoin has gained on recent favorable news coming from the U.S.
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SOLANA SCALABILITY, CONTINUED
Myron Jobson, personal finance campaigner at Interactive Investor, told The Sun: “The collection of 10,000 artworks reported sold out in under 10 minutes. Each piece was ‘minted’ using the SOL token.”
He added that “there’s a sentiment among crypto evangelist that Solana has strengthened its status as credible challenger to Ethereum as the blockchain of choice for building decentralized applications.”
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‘MILESTONE SCABILITY TEST’
Solana is on the rise following a “milestone scalability test” last month.
It hosted the “Degenerate Ape Academy”, a collection of digital artworks (NFT) on Solanart, a marketplace on the Solana network.
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WHAT IS ROBINHOOD? CONTINUED
Unlike many discounted brokers, the company does not offer individual retirement accounts.
The bulk of Robinhood’s revenue comes from order flow.
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WHAT IS ROBINHOOD?
The Robinhood platform operates as a discounted brokerage that offers commission-free trading.
Specifically, users can trade exchange-traded funds (ETFs), individual stocks (including American depositary shares), and options.
You can also trade Robinhood’s stock thanks to the company recently going public at a $1.2billion valuation.
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THE POTENTIAL TO BECOME RICH
The early success of the crypto may sound promising to those looking to rake it in.
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BITCOIN PREFERENCE GROWS
With the cryptocurrency soaring, more are preferring Bitcoin as currency.
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RISKS OF ROBINHOOD, PART THREE
In July, the platform was also ordered to pay nearly $70million in fines and compensation for misleading customers and outages.
If you are seeking a discount broker and are looking to open an IRA account, you can check out the following platforms: Vanguard, Fidelity, TD Ameritrade, Merrill Edge, among others.
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RISKS OF ROBINHOOD, PART TWO
For investing individual stocks, make sure you check company reports, Securities and Exchange Commission (SEC) filings, broker notes, and press releases so you can make the best decisions for your money.
Another risk when choosing Robinhood along with other brokers is that they can restrict trading when there’s unusual activity.
In fact, Robinhood faced some outrage earlier this year when it restricted trading on meme stocks including GameStop and AMC.
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RISKS OF ROBINHOOD
When it comes to risks, investing alone is one because you’re not guaranteed to generate a profit and the value of your assets could fall.
If you’re choosing Robinhood so you can trade stocks and cryptocurrencies – then the game gets even riskier.
Cryptocurrencies are not only difficult to understand but even tougher to predict when bearish trends in the market will take place.
For example, cryptocurrency was thriving this year up until Elon Musk said that Tesla was halting the acceptance of payments in Bitcoin.
Since then, the crypto spaced has endured volatility.
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WHAT IS NUCYPHER? CONTINUED
This allows users to share private data with a number of others in a secure way.
Holders of its token NU can stake their tokens through the network to run a node, which is responsible for creating and sending information.
Interestingly, NuCypher token is an ERC-20, which means it is built on Ethereum.
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WHAT IS NUCYPHER?
NuCypher was founded by Michael Egorov MacLane Wilkison in 2015, but it wasn’t until 2019 when the public testnet for NuCypher’s network launched.
NuCypher specifically operates as a decentralized key management system that uses blockchain technology.
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WHAT ARE ALTCOINS, CONTINUED
Simon Peters, crypto-asset analyst at eToro, said: “They build on the success of bitcoin by slightly changing the rules, economics or use cases to appeal to different users.”
“Altcoins vary greatly in their use cases and practical application. They typically have a form of technology they underpin or provide a liquidity solution to a product or service.”
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WHAT ARE ALTCOINS?
Altcoin stands for alternative coin, a type of virtual currency that uses the so-called blockchain to allow secure transactions.
Altcoin is a category of cryptocurrency rather than a currency itself, and there are more than 900 different altcoins available.
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BITCOIN LATINUM ANNOUNCES LISTING ON TOP CRYPTO EXCHANGE
Bitcoin Latinum (LTNM) is gaining momentum, as it announced today that it plans to be listed on HitBTC Exchange, which is a top crypto exchange.
The official trading is expected to begin at the end of this year.
Bitcoin Latinum was developed on behalf of Bitcoin Latinum Foundation, by Monsoon Blockchain Corporation.
The cryptocurrency is expanding its global acceptance, with HitBTC exchange being the seventh exchange to list Bitcoin Latinum.
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LITECOIN VS. BITCOIN, CONTINUED
Like most cryptocurrencies, Litecoin uses blockchain technology for processing and recording transactions.
While Litecoin is smaller, it is a quicker and cheaper alternative when compared to Bitcoin.
-
LITECOIN VS. BITCOIN
Litecoin, which was established in 2011 by Google engineer Charlie Lee, operates similarly to Bitcoin.
Mr Lee on occasions refers to Litecoin as the “silver to Bitcoin’s gold.”
The two cryptocurrencies act similarly in how their global payment operations are set up. Both are not controlled by financial institutions.
