SHIBA Inu coin was down on Tuesday as Bitcoin stayed steady, and Apple CEO Tim Cook revealed he owns cryptocurrency.
At the New York Times DealBook conference, Cook was asked if he owns Bitcoin or Ethereum and said, “I do. I think it’s reasonable to own it as part of a diversified portfolio,” according to CNBC.
“I’m not giving anyone investment advice by the way,” he added.
Meanwhile, Bitcoin held steady by Tuesday afternoon, according to Coinbase, and Shiba Inu was down. Shiba Inu coin was listed as being down 24.24 percent over the last seven days on the crypto site.
Shibu Inu is a cryptocurrency token that allows users to hold trillions of them. Tokens of Shiba Inu feature the same dog as Dogecoin, which has become one of the most popular cryptocurrencies this year.
Meanwhile, analysts say the two largest crypto currencies, Bitcoin and Ethereum, are still cheap when compared to traditional equity markets, according to Barron’s.
Read our cryptocurrency live blog for the latest news and updates…
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WHAT ARE SHIBOSHI NFTs?
Shiboshi NFTs are non-fungible tokens representing various “lovable creatures.”
The NFT holders will also be able to name the Shiboshis for an additional $100.
The Shiboshis will come with generic names like 00001.
The post states: “It’s important to name your Shiboshi because names are unique and can only exist once in the Shib Oshiverse.
“With the expansions, we are planning, this could potentially make your Shiboshi more valuable.”
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APPLE HAS ‘NO IMMEDIATE PLANS’ WITH CRYPTO
Cook continued Tuesday by saying that although Apple was looking at cryptocurrency technology, it’s “not something we have immediate plans to do.”
An Apple Pay executive said in 2019 that the company sees “long-term potential” in cryptocurrency.
But it seems like crypto fans shouldn’t get excited, because even if Apple does introduce cryptocurrency products or services in the future, it doesn’t seem like it will happen anytime soon.
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TIM COOK INTERESTED IN CRYPTO ‘FOR A WHILE’
Cook also said that he had been interested in cryptocurrency “for a while” and that he’s been looking into the topic, CNBC reported.
But the Apple CEO noted that his interest was from a “personal point of view” and didn’t entertain suggestions that the company may take cryptocurrency in exchange for products.
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APPLE CEO TIM COOK OWNS CRYPTO
Apple CEO Tim Cook recently revealed he owns cryptocurrency.
At the New York Times DealBook conference, Cook was asked if he owns Bitcoin or Ethereum and said, “I do. I think it’s reasonable to own it as part of a diversified portfolio,” according to CNBC.
“I’m not giving anyone investment advice by the way,” he noted.
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GOXX’S CREATORS
Speaking to the BBC, the two 30-something German men behind the channel explained that the idea started as a joke.
“We felt that everything keeps getting more expensive these days and building savings is super-hard to achieve with high rents to pay,” they said.
“It seems like most people from our generation see no other chance than throwing a lot of their savings on 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 we humans do.”
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‘DECISION TUNNELS’
The amount to be traded is determined when Goxx runs through one of two “decision tunnels”.
Depending on which tunnel he runs through, the amount he will buy or sell the cryptocurrency changes in 20 euro increments.
All of the data is rigged to a computer that makes the transactions in real-time on Goxx’s behalf.
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CRYPTO-TRADING HAMSTER, CONTINUED
The four-legged financial fiend is not completing transactions himself, of course.
Instead, Goxx’s trading decisions are made inside a camera-rigged “office” attached to his regular cage.
Every day, when he enters the office, a stream is started on Twitch and a tweet is sent out to his followers notifying them that trading has begun.
The hamster then runs on an “intention wheel” that chooses one of 30 different cryptocurrencies to trade.
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A CRYPTO-TRADING HAMSTER OUTPERFORMS MARKET
A hamster in Germany is trading in cryptocurrencies and has consistently been outperforming the S&P 500.
The furry animal, called Mr Goxx, has been busy 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 two tunnels.
Mr Goxx started trading on June 12 this year.
The site states that the page is just for fun and does not offer financial advice.
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RED FLAGS OF THE SQUID GAME COIN
Gizmodo shared that one red flag of the recent SQUID coin being illegitimate was that the website that the creators launched was filled with spelling and grammatical errors.
The crypto’s telegram channel also did not allow comments from outsiders, and its Twitter account did not allow users to reply to posts, which Gizmodo flagged as suspicious.
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WAS THE SQUID SCAM OBVIOUS?
Gizmodo warned of the scam but the warning did not reach everyone in time.
The site revealed that the largest red flag was that investors could invest in the coin, but not sell it.
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SQUID CRYPTO SCAMMERS RUN OFF WITH $2.1MILLION
After the SQUID coin launched just last week, its creators pulled the rug on the project, and cashed in the coins for real money.
Investors who fell victim to the scam lost an estimated $2.1million.
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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.”
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BIDEN AIMS TO CRACKDOWN ON ‘ILLICIT USE OF CRYPTOCURRENCY’
A recent statement from President Joe Biden read: “Cyber threats can affect every American, every business regardless of size, and every community.”
“That’s why my administration is marshaling a whole-of-nation effort to confront cyber threats.”
The White House signaled that the US will gather 30 other countries to discuss responses to cybercrime.
“This month, the United States will bring together 30 countries to accelerate our cooperation in combatting cybercrime, improving law enforcement collaboration, stemming the illicit use of cryptocurrency, and engaging on these issues diplomatically,” it read.
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US BANKS MAY START REGULATING CRYPTO
US officials are reportedly exploring how banks could hold cryptocurrencies, in an effort to regulate the asset.
Crypto is fast-growing, and if it continues to develop outside of banks, federal regulators will not be able to control it.
Jelena McWilliams, chair of the Federal Deposit Insurance Corporation, told Reuters in an interview that US bank regulators are looking for a way to have banks exchange with crypto assets.
“I think that we need to allow banks in this space, while appropriately managing and mitigating risk,” she said.
“If we don’t bring this activity inside the banks, it is going to develop outside of the banks. … The federal regulators won’t be able to regulate it.”
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COMPANY ADDS CRYPTO OPTION TO RETIREMENT PLANS
Wealthsimple, a Canadian company, launched a portfolio with a cryptocurrency allocation. Company employees can now invest in cryptos for their group retirement plans.
Wealthsimple said it hopes that its new portfolio will boost employee participation in employer-sponsored savings plans and encourage workers to save for their retirement, according to Financial Post.
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CRYPTO SCAMMERS TARGET PEOPLE ON DATING APPS
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.
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CHINA BANS CRYPTO TRADING
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.
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HOW LONG WILL BURGER KING CRYPTO GIVEAWAY LAST?
The promotion started this month and runs until December, a company statement said.
“Royal Perks members get a side of crypto with any $5+ purchase,” it read.
“Earn a crypto coin with an eligible order once per day. But hurry, this is a limited-time promotion!” the website warned.
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BURGER KING IS GIVING AWAY CRYPTOCURRENCY
Burger King announced it is partnering with RobinHood to give away cryptocurrency in a promotion that started this month.
The company is giving away Bitcoin, Ethereum, and Dogecoin.
“The prize pool includes two million Dogecoin, 200 Ethereum and 20 Bitcoin, so only 220 guests could receive a Bitcoin or Ethereum cryptocurrency prize,” the company website revealed.
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WHAT ARE SHIBOSHI NFTs?
Shiboshi NFTs are non-fungible tokens representing various “lovable creatures.”
The NFT holders will also be able to name the Shiboshis for an additional $100.
The Shiboshis will come with generic names like 00001.
The post states: “It’s important to name your Shiboshi because names are unique and can only exist once in the Shib Oshiverse.
“With the expansions, we are planning, this could potentially make your Shiboshi more valuable.”
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WHEN WILL SHIBA INU RELEASE SHIBOSHI NFTs?
On October 5, 2021, the company announced it will release 10,000 digitalized “lovable creatures” for sale.
The company vowed to provide a “heads up” before the official launch.
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RED FLAGS TO LOOK OUT FOR: CRYPTO SCAMS
Gizmodo shared that one red flag of the recent SQUID coin being illegitimate was that the website that the creators launched was filled with spelling and grammatical errors.
The crypto’s telegram channel also did not allow comments from outsiders, and its Twitter account did not allow users to reply to posts, which Gizmodo flagged as suspicious.
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WHO CREATED THE CRYPTO-TRADING HAMSTER?
Speaking to the BBC, the two 30-something German men behind the channel explained that the idea started as a joke.
“We felt that everything keeps getting more expensive these days and building savings is super-hard to achieve with high rents to pay,” they said.
“It seems like most people from our generation see no other chance than throwing a lot of their savings on 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 we humans do.”
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THE CRYPTO-TRADING HAMSTER … CONTINUED
The four-legged financial fiend is not completing transactions himself, of course.
Instead, Goxx’s trading decisions are made inside a camera-rigged “office” attached to his regular cage.
Every day, when he enters the office, a stream is started on Twitch and a tweet is sent out to his followers notifying them that trading has begun.
The hamster then runs on an “intention wheel” that chooses one of 30 different cryptocurrencies to trade.
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HOW IS A HAMSTER TRADING CRYPTOCURRENCY?
A hamster in Germany is trading in cryptocurrencies and has consistently been outperforming the S&P 500.
The furry animal, called Mr Goxx, has been busy 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 two tunnels.
Mr Goxx started trading on June 12 this year.
The site states that the page is just for fun and does not offer financial advice.
