Cryptocurrency Price News ��� Bitcoin Hits Record High And Shiba Inu Coin Up Today After Braintrust Crypto Exchange Error

CRYPTOCURRENCIES Bitcoin, Ethereum, Dogecoin, and Shiba Inu are all facing sharp drops in value in the wake of a market crash, but Tezos tokens skyrocketed on Tuesday, making impressive gains.

Solana price rose 14 percent between December 6 and December 7 but it has since retraced 6 percent to it’s current price $190.

The price of Bitcoin, the biggest cryptocurrency on the market, is now trading at $49,145.35 after hitting a record high of more than $69,000 in November.

Meanwhile, Shiba Inu is down 23.38 percent in the past seven days as of Wednesday morning, according to Coinbase.

Fears that crypto has reached its peak continue to mount as monetary support scales back in the US and in the wake of news of India's plans to stop private cryptocurrencies.

The crypto market has also been battered by India taking action to ban all private cryptocurrencies - aside from a few exceptions - and launch a central bank-backed official digital currency.

Cryptocurrencies are highly volatile, meaning their values often make large swings with no notice, as the latest plunge shows.

Read our cryptocurrency live blog for the very latest news and updates...

  • Cheyenne R. Ubieratime datetime="2021-12-09T05:00:24.000Z" title="12/9/2021"">

    CHINA'S STATEMENT, CONTINUED

    Bitcoin, the world’s largest digital currency, and other cryptos cannot be traced by a country’s central bank, making them difficult to regulate.

    The crypto crackdown opens the gates for China to introduce its own digital currency, which it is already working on and will allow the central government to monitor transactions.

  • Cheyenne R. Ubieratime datetime="2021-12-09T04:30:22.000Z" title="12/9/2021"">

    CHINA'S STATEMENT ON CRYPTOCURRENCY

    The PROC said it will “resolutely clamp down on virtual currency speculation, and related financial activities and misbehaviour in order to safeguard people’s properties and maintain economic, financial and social order”.

    It said that trading of virtual currencies had become “widespread, disrupting economic and financial order, giving rise to money laundering, illegal fund-raising, fraud, pyramid schemes and other illegal and criminal activities.”

  • Cheyenne R. Ubieratime datetime="2021-12-09T04:00:20.000Z" title="12/9/2021"">

    NO GUARANTEED RETURNS

    There are no guarantees when it comes to cryptocurrencies, so when someone mentions “guaranteed returns,” they are often scammers.

    There is no way to eliminate the element of risk from cryptocurrencies, although scammers may try to convince you otherwise.

    Check out these other ways to spot scammers in the crypto space.

  • Cheyenne R. Ubieratime datetime="2021-12-09T03:30:18.000Z" title="12/9/2021"">

    WHAT CRYPTO IS B.K. GIVING AWAY?

    Last month,Burger King announced it was partnering with RobinHood to give away cryptocurrency in a promotion that started shortly after.

    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.

  • Cheyenne R. Ubieratime datetime="2021-12-09T03:00:16.000Z" title="12/9/2021"">

    BURGER KING GIVING AWAY CRYPTO

    Burger King announced it was partnering with RobinHood to give away cryptocurrency.

    The promotion started in November 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.

  • Cheyenne R. Ubieratime datetime="2021-12-09T02:30:15.000Z" title="12/9/2021"">

    OMICRON TOKEN SKYROCKETS AFTER NEW VARIANT NAMED

    The little-known Omicron token skyrocketed over the weekend, after a new Covid-19 variant was given the same name, before it tumbled as much as 75 percent.

    On Friday, the World Health Organization named the new Omicron variant.

    Other cryptocurrencies dropped after the announcement, and Bitcoin suffered its worth day in two months on Friday. However, it has since recovered from most of its losses.

  • Cheyenne R. Ubieratime datetime="2021-12-09T02:00:13.000Z" title="12/9/2021"">

    WHAT IS CARDANO?

    Cardano (ADA) is a cryptocurrency that uses blockchain, making it difficult to be hacked.

    It was launched in 2017 and set up by Charles Hoskinson, who was one of the eight co-founders of Bitcoin rival, Ethereum.

    Every time someone buys or sells the cryptocurrency, it's permanently recorded on the platform's blockchain.

    Unlike some other cryptocurrencies, the blockchain is more transparent so anyone can see it. It's managed by the Cardano Foundation.

    The "altcoin" has been designed to make sure that investors can have some say in how the currency is run.

    It means those who own Cardano have the right to vote on any proposed changes to the software, reports Coinmarketcap.

  • Cheyenne R. Ubieratime datetime="2021-12-09T01:30:11.000Z" title="12/9/2021"">

    DOGEZILLA COIN: THE NEXT ‘MEME COIN’ SEES SURGE

    A newly-launched cryptocurrency, DogeZilla has exploded out of the gate.

    In the past 24 hours, the cryptocurrency has surged 130 percent. It’s currently trading at less than $0.000000000001, according to CoinMarketCap.

    Within its first eight days of existence, DogeZilla has been said to have grown into a super microcap of $500million from just $50,000. 

    Billionaire Elon Musk has also already gotten involved with DogeZilla by posting a tweet.

    Replying to a tweet about an underwater mud volcano, he wrote: “Cover story for Godzilla obv.”

  • Cheyenne R. Ubieratime datetime="2021-12-09T01:00:09.000Z" title="12/9/2021"">

    WHAT IS DOGEZILLA?

    Founded by someone with the alias of 9ZEROES, DogeZilla models itself as a community-based project. 

    DogeZilla claims it aims to make the crypto space safer for users.

    According to DogeZilla’s whitepaper, it has a vault that verifies crypto launches.

    It says: “Obviously, it is not a 100% fool-proof method because that simply doesn’t exist in this space, but reducing risk to the highest degree is the purpose of Vault.”

    Moreover, users can gather DogeZilla tokens by holding.

    Specifically, “5% Holder Rewards are dispersed to all token holders relative to their holding percentages,” DogeZilla claims. 

    For upcoming projects, DogeZilla is planning to launch an NFTs Invasion Series in early 2022. 

    Its logo features an amused dog in what appears to be a dinosaur costume. 

  • Cheyenne R. Ubieratime datetime="2021-12-09T00:30:07.000Z" title="12/9/2021"">

    WHAT IS THE ENTIRE CRYPTO MARKET WORTH?

    Roughly, the entire crypto market is currently worth around $2.6trillion.

    The value of the market going forward is likely to fluctuate, as it greatly depends on what cryptos decide to do next.

  • Cheyenne R. Ubieratime datetime="2021-12-09T00:00:06.000Z" title="12/9/2021"">

    WHY IS BITCOIN BAD FOR THE ENVIRONMENT?

    The problem surrounds the amount of energy used to mine a single Bitcoin.

    Computers are needed for complex mathematical calculations to put a new Bitcoin into circulation online.

    This process is also known as mining.

    A lot of energy is needed for Bitcoin mining and some experts are concerned that vast amounts of fossil fuels are being used to create this energy.

  • Cheyenne R. Ubieratime datetime="2021-12-08T23:30:04.000Z" title="12/8/2021"">

    'UNVAXXED SPERM' COIN'S VALUE CRASHES

    The coin, which trades as "nuBTC" exploded last week, jumping 500% on Wednesday to $0.000012 according to Coinbase.

    However, the value of the coin crashed just two days later, and some users on Twitter blasted it as a "scam."

    By Monday at around noon, 93.25% of its value had been wiped out, and it was worth just $0.00000081.

  • Cheyenne R. Ubieratime datetime="2021-12-08T23:00:02.000Z" title="12/8/2021"">

    'UNVAXXED SPERM' COIN LAUNCHED BY ACTIVISTS

    The new coin was launched recently by activists who claim the Covid-19 vaccines affect fertility.

    One of the coin's developers who referred to himself only as 'Fauci' - told VICE: "To a degree, I'd say we are anti-vaccine."

    However, another developer claimed they were not anti-vax, telling the platform that they were "here to ensure the continuity of objective scientific inquiry."

  • Cheyenne R. Ubieratime datetime="2021-12-08T22:30:00.000Z" title="12/8/2021"">

    CRYPTO SCAMS AND 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.

  • Cheyenne R. Ubieratime datetime="2021-12-08T22:00:58.000Z" title="12/8/2021"">

    FAKE WEBSITES AND CRYPTO

    One fairly widespread scamming technique is websites that appear to be a new cryptocurrency mining operation or investment opportunity.

    These sites encourage investors to wire in money, sometimes offering investment “tiers” and promising greater returns.

    But when users attempt to withdraw their cash, they are unable to and told to input even more cryptocurrency.

  • Cheyenne R. Ubieratime datetime="2021-12-08T21:30:57.000Z" title="12/8/2021"">

    HOW TO CHECK FOR 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.

  • Cheyenne R. Ubieratime datetime="2021-12-08T21:00:55.000Z" title="12/8/2021"">

    WHAT IS AN NFT MARKETPLACE?

    An NFT is a non-fungible token.

    Non-fungible tokens, in contrast to bitcoin, are each unique and cannot be replaced by something else.

    The majority of NFTs exist within the Ethereum blockchain. Ethereum is a cryptocurrency that has the ability to support NFTs.

    NFTs can be anything digital, and are commonly being used as a way to buy and sell digital art.

    An NFT marketplace is used to list NFTs and ensure they are accessible for trading.

    Marketplaces allow users to promote their NFTs, where buyers can browse through and bid on what they would like to purchase.

  • Cheyenne R. Ubieratime datetime="2021-12-08T20:30:53.000Z" title="12/8/2021"">

    WHAT ARE THE MOST VALUABLE CRYPTO COINS?

    Cryptocurrency prices hit record highs earlier this year amid interest from high profile individuals such as Elon Musk and more institutional investment in the sector.

    The most valuable coins are Bitcoin and Ethereum but there are lots of alternatives or altcoins aiming to benefit from crypto interest.

    Values can be volatile though and regulators have warned that investors could lose all their money.

  • Cheyenne R. Ubieratime datetime="2021-12-08T20:00:51.000Z" title="12/8/2021"">

    WHAT IS THE METAVERSE? CONTINUED

    Meta’s VR boss Andrew Bosworth said: “The metaverse is a set of virtual 3D spaces where you can share immersive experiences with each other when you can’t be together.”

    “What comes after the internet? Instead of looking at a screen, you get to be in the experiences.

    “You don’t have to experience it in VR. Most people initially will experience it on screens they already have.”

    Facebook’s Mark Zuckerberg called it “the next version of the internet,” and predicted the true metaverse will be ready within the decade.

  • Cheyenne R. Ubieratime datetime="2021-12-08T19:30:49.000Z" title="12/8/2021"">

    WHAT IS THE METAVERSE?

    The Metaverse has a broad definition. It is an internet, but it is immersive – so you live within it.

    The platform will have games, social networks, videos, shopping, health and fitness and more.

  • Cheyenne R. Ubieratime datetime="2021-12-08T19:00:48.000Z" title="12/8/2021"">

    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.

  • Cheyenne R. Ubieratime datetime="2021-12-08T18:30:46.000Z" title="12/8/2021"">

    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 was launched.

    NuCypher specifically operates as a decentralized key management system that uses blockchain technology.

  • Jocelyn Cooktime datetime="2021-12-08T18:00:44.000Z" title="12/8/2021"">

    Entire crypto market worth

    Roughly, the entire crypto market is currently worth around $2.6trillion.

    The value of the market going forward is likely to fluctuate, as it greatly depends on what cryptos decide to do next.

  • Jocelyn Cooktime datetime="2021-12-08T17:33:42.000Z" title="12/8/2021"">

    What is Cardano?

    Cardano (ADA) is a cryptocurrency that uses blockchain, making it difficult to be hacked.

    It was launched in 2017 and set up by Charles Hoskinson, who was one of the eight co-founders of Bitcoin rival, Ethereum.

    Every time someone buys or sells the cryptocurrency, it's permanently recorded on the platform's blockchain.

    Unlike some other cryptocurrencies, the blockchain is more transparent so anyone can see it. It's managed by the Cardano Foundation.

    The "altcoin" has been designed to make sure that investors can have some say in how the currency is run.

    It means those who own Cardano have the right to vote on any proposed changes to the software, reports Coinmarketcap.

  • Jocelyn Cooktime datetime="2021-12-08T17:00:40.000Z" title="12/8/2021"">

    No guaranteed returns

    There are no guarantees when it comes to cryptocurrencies, so when someone mentions “guaranteed returns,” they are often scammers.

    There is no way to eliminate the element of risk from cryptocurrencies, although scammers may try to convince you otherwise.

    Check out these other ways to spot scammers in the crypto space.

    Source : https://www.the-sun.com/money/4199492/cryptocurrency-price-latest-bitcoin-shiba-inu-coin-tezos/

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Cryptocurrency price latest – Bitcoin down AGAIN and Shiba Inu coin also dips as Tezos skyrockets almost 40 percent

Source:The Sun

Cryptocurrency price latest – Bitcoin down AGAIN and Shiba Inu coin also dips as Tezos skyrockets almost 40 percent