Shiba Inu coin is down again, while Bitcoin remains stable, as Apple CEO Tim Cook confirms he owns cryptocurrency.
On Tuesday, the SHIBA Inu coin fell as Bitcoin remained stable, and Apple CEO Tim Cook confirmed that he holds cryptocurrency.
“I do,” Cook answered when asked if he owned Bitcoin or Ethereum at the New York Times DealBook conference. According to CNBC, “I believe it is appropriate to purchase it as part of a diversified portfolio.”
“By the way, I’m not providing anyone investment advice,” he continued.
Meanwhile, according to Coinbase, Bitcoin was unchanged by Tuesday afternoon, while Shiba Inu was down. On the crypto site, Shiba Inu currency has dropped 24.24 percent in the last seven days.
Shibu Inu is a cryptocurrency token that can be held in trillions of dollars. Shiba Inu tokens feature the same dog as Dogecoin, a cryptocurrency that has become one of the most popular this year.
Meanwhile, according to Barron’s, analysts believe the two most popular crypto currencies, Bitcoin and Ethereum, are still inexpensive when compared to traditional equities markets.
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THE SQUID GAME’S RED FLAGS One red indication of the newest SQUID coin being fake, according to COINGizmodo, was the creators’ website, which was riddled with spelling and grammatical problems.
Outsiders were not allowed to remark on the crypto’s Telegram channel, and its Twitter account did not allow users to reply to tweets, which Gizmodo reported as suspicious.
WAS THE SQUID SCAM EXTREMELY CLEAR?
Gizmodo issued a warning about the scam, but it did not reach everyone in time.
The biggest red flag, according to the site, was that investors could buy the coin but not sell it.
SQUID CRYPTOCURRENCY SCAMMERS GET $2.1 MILLIONAfter the SQUID coin was established just last week, the project’s developers yanked the rug out from under it and cashed in the coins for real money.
A total of $2.1 million was lost by investors as a result of the scam.
SQUARE MAY BUILD BITCOIN MINING HARDWARESquare CEO Jack Dorsey claimed in a recent tweet that the business might build a bitcoin mining rig, according to Business Insider.
“Square is exploring constructing a bitcoin mining system for consumers and businesses throughout the world based on bespoke silicon and open source,” CEO Dorsey said in a tweet.
“If we do this, we’ll construct it in the open, in conjunction with the community, as we did with our hardware wallet.”
BIDEN WISHES TO STOP THE “ILLICIT USE OF CRYPTOCURRENCY.”
“Cyber attacks may touch every American, every organization, regardless of size, and every community,” President Joe Biden said recently.
“That is why, in order to combat cyber dangers, my administration is mobilizing a national effort.”
The White House has hinted that the US will convene a meeting with 30 other countries to discuss cybercrime solutions.
“The United States will bring… Brinkwire Brief News this month.”
