SHIBA Inu coin was down again on Wednesday, along with Bitcoin, and the dog behind the “Doge meme” celebrated a birthday on November 3.
Kabosu, the Shiba Inu behind many internet memes and the inspiration for cryptocurrencies like Dogecoin and Shiba Inu, turned 16, according to her owner.
“Today is Kabosu’s birthday,” the dog’s official Instagram wrote.
Sadly, Shiba Inu coin was down on Wednesday, according to CoinBase, and didn’t seem to be celebrating the special occasion.
Meanwhile, Bitcoin was also down as of Wednesday evening around 4:45pm ET.
Those drops come even after it was announced Burger King is giving away free coins to customers by partnering with RobinHood to give away Bitcoin, Ethereum, and Dogecoin through its app.
The promotion started this month and runs until December, a company statement said.
Read our cryptocurrency live blog for the latest news and updates…
-
CHINA MAKES CRYPTO TRADING ILLEGAL
China‘s central bank announced that all cryptocurrency trading is illegal in the country and mining the tokens is banned.
The People’s Bank of China (PBOC) said: “Virtual currency-related business activities are illegal financial activities.”
The country previously banned financial institutions from offering crypto related transactions, and warned investors against speculative trading in them.
-
CHINA PREVIOUSLY SHUT DOWN CRYPTO EXCHANGES, PART TWO
While crypto creation and trading have been illegal in China since 2019, further crackdowns this year by Beijing warned banks to halt related transactions and closed much of the country’s vast network of bitcoin miners.
The previous statement by the central bank sent the strongest yet signal that China is closed to crypto.
-
CHINA PREVIOUSLY SHUT DOWN CRYPTO EXCHANGES
In 2017, China shut down its local cryptocurrency exchanges.
Despite the war on crypto, Chinese mines power nearly 80 percent of the global trade in cryptocurrencies.
-
BITCOIN SCORES NEW HIGH AFTER DORSEY TWEET
Bitcoin’s price hit a six-month-high of $62,000 after Dorsey tweeted about the possible Square development, according to CoinDesk and Business Insider.
That surge launched its year-to-date gains to 114 percent.
-
SQUARE MAY BUILD BITCOIN MINING HARDWARE
Square CEO Jack Dorsey said the company may create a bitcoin mining rig in a recent tweet, according to Business Insider.
“Square is considering building a bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide,” CEO Dorsey said in a tweet.
“If we do this, we’d follow our hardware wallet model: build in the open in collaboration with the community.”
-
CHINA’S CRACKDOWN ON CRYPTO IS ‘BIG OPPORTUNITY’ FOR US
China’s crackdown on cryptocurrency transactions “is a big opportunity for the U.S.”, 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 cryptocurrency
-
WHAT IS COTI?
Coti is a blockchain platform with tools that let organizations build their own payment solution.
For example, merchants can create branded stablecoins to boost checkout options for customers.
The platform also has its own token with the same name.
The Coti group first launched in 2017, with “Coti” being an acronym for “currency of the internet”.
-
BITCOIN DOWN SLIGHTLY ON WEDNESDAY
Bitcoin has been down slightly over the past 24 hours as of Wednesday afternoon.
Its price change stood as -2.32 percent around noon on November 3, according to Coinbase.
However, it’s up 3.4 percent over the past seven days.
-
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 along with Mance Harmon.
HBAR is the cryptocurrency of the Hedera Hashgraph.
The company itself expalins: “HBAR is the native, energy-efficient cryptocurrency of the Hedera public network.”
-
CRYPTO AUDIO STREAMING
Audius is a crypto-powered music streaming platform.
It’s owned and controlled by token holders – and tokens are called Audio.
According to Audius, over 5.3million people have used the platform this month.
Audio has been listed on CoinMarketCap since October 2020, and has rocketed in value following a deal with Chinese-owned social media giant TikTok.
-
WHO IS BEHIND ALGORAND?
The Algorand Foundation based in Singapore is behind the project.
Algorand claims that it speeds up transactions and improves efficiency when compared to bitcoin and other blockchains.
-
WHAT IS ALGORAND?
Algorand is a cryptocurrency of the Algorand blockchain, a public decentralized network on which smart contracts can be built.
It was created in 2019 by Silvio Micali, a professor a the prestigious Massachusetts Institute of Technology (MIT).
The computer scientist has also won the Turing Award for his work in the area of cryptography.
-
WHAT WILL SHIBA INU BE WORTH IN 2022?
Plenty of cryptocurrency fans have predicted Shiba Inu’s value for 2022, but you should take it with a pinch of salt as those guesses are nowhere near guaranteed.
For example, crypto website Wallet Investor expects a value of up to $0.000018 in a year’s time.
Meanwhile, Coin Price Forecast expects Shiba Inu to hit a value of $0.00002336 by the middle of next year.
It then expects it to end the year at a slightly higher level of $0.00003037.
-
WHAT IS SHIBA INU COIN, CONTINUED
Whether you’ve already invested or not, keep in mind that making money through cryptocurrencies or other investments is never guaranteed, even with a popular one like Shiba Inu.
Cryptocurrencies are especially volatile, so their values can crash with little to no notice.
-
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 of pocket in cash and other cryptocurrencies as he unwittingly ended up backing the scam.
Seagal reportedly had been offered $250,000 along with £750,000 worth of B2G for appearing in promotional materials for the con artists.
He appeared in a press release for them and “wholeheartedly” endorsed the scheme in a post to his 7million followers on Facebook.
-
NEW CRYPTOCURRENCIES RELEASED IN 2021, PART FOUR
Red Shiba is a BSC token available on PancakeSwap.
It is described as “a token of the Red universe, it aims to strengthen the ecosystem that the Red Team is designing, a universe without Rug, Fair-play and beneficial to all fans of memes tokens”.
It was inspired by the highly successful Shiba Inu Token.
-
NEW CRYPTOCURRENCIES RELEASED IN 2021, PART THREE
Landshare coin premiered on August 2, 2021.
It was initially priced just over £2.60.
The market cap is now more than £2million.
Landshare is a DeFi platform on the Binance Smart Chain.
It offers a hassle-free alternative to traditional real estate investments.
-
NEW CRYPTOCURRENCIES RELEASED IN 2021, CONTINUED
As their website states: “Orica is built for first-time cryptocurrency users.”
“Orica is built for those who have a personal appreciation for creativity and are on the lookout for great art.”
-
NEW CRYPTOCURRENCIES RELEASED IN 2021
BitClout is an open-source cryptocurrency project and social media platform.
Users are able to buy and sell “creator coins” – based on their reputation.
For example, when they do something positive, the coin gains value.
When the coin hit the market in June, it started trading at £129.
-
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.”
-
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.
-
CRYPTO AND BLOCKCHAIN SCAMS
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 even exists.
-
DATING APP SCAMS AND CRYPTO
Some cryptocurrency scam operations have started using dating apps to reel in potential targets.
In some reports, scammers would pose as a long-distance love interest sharing a hot new cryptocurrency opportunity.
About 20 percent of the money reportedly lost through dating scams in around the last year involved cryptocurrency.
-
EXPERTS PREDICT POLYGON’S GROWTH
How the price of Ethereum will change in the future is impossible to know for certain.
However, experts and investors have made some predictions.
Charlie Barton, an investment specialist at comparison site Finder, warned in mid-May: “The performance of Polygon has been extremely strong recently, achieving 10,000% growth in the last year.”
“It’s easy to get carried away, but such aggressive growth is highly unlikely to continue forever.”
