VIETNAM is seeing growth in cryptocurrency use despite the International Monetary Fund warning that its adoption in emerging markets could threaten stability.
It comes as Shiba Inu has seen a ten percent increase in the past three days with the price expected to rise.
Federal Reserve Chairman Jerome Powell announced Thursday that there are no plans to ban cryptocurrency in the United States, and prices have climbed 10%.
Meanwhile, in El Salvador, the country has made its first forays into Bitcoin mining using energy generated by a volcano, according to a video posted by the national geothermal power company, LaGeo SA de CV.
The first Bitcoin mining rigs were set up in an energy factory there, where President Nayib Bukele made the cryptocurrency legal tender a few weeks ago.
Bitcoin hit a price of $ 47,974.84 on Coinbase on Saturday morning, and the cryptocurrency’s overall market cap rose above the $ 2,000 billion mark.
Additionally, Bitcoin and Ethereum are going to be traded on Wall Street and Coinbase now allows user deposits to its accounts.
Read our live cryptocurrency blog for the latest news and updates …
WHAT IS HASHGRAPH?
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 with Mance Harmon.
HBAR is the cryptocurrency of the Hedera Hashgraph.
WHAT IS SHIBA INU COIN, CONTINUED
Whether or not you’ve invested before, keep in mind that making money from cryptocurrencies or other investments is never guaranteed, even with a popular product like Shiba Inu.
Cryptocurrencies are particularly volatile, so their values can crash with little or no notice.
WHAT IS THE SHIBA INU PART?
Shiba Inu is a cryptocurrency token that allows users to hold billions of it.
The tokens feature the same Shiba Inu dog as Dogecoin, which has recently gained in popularity.
WHAT SHIBA INU will be worth IN 2022, CONTINUED
Meanwhile, Coin Price Forecast expects Shiba Inu to reach a value of $ 0.00002336 by the middle of next year.
He then expects him to end the year at a slightly higher level of $ 0.00003037.
WHAT will SHIBA INU be worth IN 2022?
Many cryptocurrency fans have predicted the value of Shiba Inu for 2022, but you should take it with a pinch of salt as these guesses are far from guaranteed.
For example, the Wallet Investor crypto website expects a value of up to $ 0.000018 in a year.
THE SWISS REGULATOR APPROVES THE FIRST CRYPTO FUND
The Swiss Financial Market Supervisory Authority has approved the first Swiss crypto fund, Bitcoin.com reported on Wednesday.
FINMA revealed that the fund is called “Crypto Market Index Fund”.
It noted that it is an “investment fund under Swiss law belonging to the category ‘other funds for alternative investments’ presenting particular risks”.
WHO IS BEHIND ALGORAND?
The Singapore-based Algorand Foundation is behind the project.
Algorand claims that it speeds up transactions and improves efficiency compared to bitcoin and other blockchains.
WHAT IS ALGORAND?
Algorand is a cryptocurrency in the Algorand blockchain, a decentralized public network on which smart contracts can be built.
It was created in 2019 by Silvio Micali, professor at the prestigious Massachusetts Institute of Technology (MIT).
The computer scientist also won the Turing Prize for his work in the field of cryptography.
BUSINESS JOURNALIST SAYS DEBT CEILING IS A RISK FOR CRYPTOCURRENCY
Fox Business reporter Susan Li noted on Twitter that the looming debt ceiling crisis in the United States could impact crypto.
“The debt ceiling is a risk for all assets, including #cryptocurrency,” she wrote alongside a video on the topic.
COINBASE ALLOWS USERS TO DEPOSIT PAYROLL CHECKS TO ONLINE ACCOUNTS
Coinbase will allow users to deposit their paychecks directly into their online accounts, according to CNBC.
“With direct deposit, customers can more easily access our crypto-first financial services and be ready for any trade or purchase,” revealed Max Branzburg, vice president of products at Coinbase, in a blog post.
“We are committed to providing our 68 million users with the most trusted, comprehensive suite of crypto-premier financial services.”
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 in cash and other cryptocurrencies as he unwittingly ended up supporting the scam.
Seagal was reportedly offered $ 250,000 as well as £ 750,000 in B2G to appear in promotional material for scammers.
He appeared in a press release to them and “wholeheartedly” endorsed the program in a message to his 7 million Facebook followers.
LITECOIN VS. BITCOINS
Litecoin, which was created in 2011 by Google engineer Charlie Lee, works the same way as Bitcoin.
Mr. Lee sometimes refers to Litecoin as “Bitcoin silver to gold”.
Both cryptocurrencies act similarly in setting up their overall payment transactions. Both are not controlled by financial institutions.
Like most cryptocurrencies, Litecoin uses blockchain technology to process and record transactions.
Although Litecoin is smaller, it is a faster and cheaper alternative to Bitcoin.
EXPERTS PREDICT POLYGON GROWTH
It is impossible to know for sure how the price of Ethereum will change in the future.
However, experts and investors have made some predictions.
Charlie Barton, investment specialist at comparison site Finder, warned in mid-May: “Polygon’s performance has been extremely strong recently, reaching 10,000% growth last year. “
“It’s easy to get carried away, but it’s very unlikely that such aggressive growth will continue indefinitely.”
WHAT IS POLYGON?
Polygon is an Ethereum token that powers the Polygon network, which aims to provide faster transactions on the Ethereum blockchain.
It was originally known as the Matic Network when it launched in 2017.
Polygon hit its all-time high on May 18 when it climbed to $ 2.4544.
The price has climbed about 9200% this year, from $ 0.01781 on Jan. 1.
ALEXIS OHANIAN ON THE CO-FOUNDER OF ETHEREUM, VITALIK BUTERIN, PART THREE
“I have never been so excited about the potential of the Internet,” added Ohanian.
“And that’s in large part thanks to Vitalik Buterin.”
Buterin is the co-founder of Ethereum and also co-founded Bitcoin Magazine in 2011.
ALEXIS OHANIAN ON ETHEREUM CO-FOUNDER, VITALIK BUTERIN, CONTINUED
“No one could have imagined all the uses of Ethereum, but it took a person’s idea to launch it,” Ohanian added of Buterin.
“From there, a new world opened up and spawned new ways to harness blockchain technology, some of which I have invested in.”
“Whether it was startups like Sorare reinventing fantasy sports or Rainbow users showing off their NFT collections, none of this would have existed without the creation of Vitalik.”
ALEXIS OHANIAN ON THE CO-FOUNDER OF ETHEREUM, VITALIK BUTERIN
“Thanks to Reddit’s r / Ethereum community, I had the privilege of following Vitalik Buterin’s career from the start, which is why I was proud to see his legacy grow,” Ohanian wrote of the programmer.
“Of course, we can talk about the value he created as a co-founder of the platform, including Ethereum’s impressive market capitalization of around $ 400 billion, the dazzling world of apps. decentralized and this year’s boom in the NFT trade. “
“What makes Vitalik so special is that he is a builder of builders.”
ONE OF ETHEREUM’S CO-FOUNDERS NAMED AT TIME 100 MOST INFLUENTIAL PERSON
One of Ethereum’s co-founders, Vitalik Buterin, was named one of the 100 Most Influential People of 2021 by Time magazine.
Former Reddit executive chairman Alexis Ohanian praised him in a post for the article.
DOW JONES EXPERT ON THE WALL STREET CRYPTO TRADE
Some cryptocurrencies will be introduced to trading floors on Wall Street, Money Control reported.
“Traditional financial markets and digital assets are no longer mutually exclusive markets,” said Peter Roffman, global head of innovation and strategy at S&P Dow Jones Indices.
WHAT WILL BITCOIN’S PERFORMANCE MEASURE ON WALL STREET?
The S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index will measure the performance of digital assets linked to them now that digital currencies, including Bitcoin and Ethereum, will be traded on Wall Street, according to Money Control .
STOCK IN CRYPTO COMPANIES FALLS AFTER CHINA’S ANNOUNCEMENT
Shares of cryptocurrency-related companies Coinbase Global, MicroStrategy Inc, Riot Blockchain, and Marathon Patent Group fell after China’s central bank banned crypto trading and mining.
“It’s been a very volatile week to say the least, so I think as we approach the last week of September volatility should continue, especially with the end of quarter build-up,” said Peter Cardillo, Chief Markets Economist at Spartan Capital Securities in New York.
Investors are also looking for signs of progress on President Joe Biden’s spending and bills.
RISKS OF INVESTING IN CRYPTOS, PART V
Finally, the truth in Promotional material is a risk in investing in cryptos.
Businesses may overestimate product returns or underestimate the risks involved.
RISKS OF INVESTING IN CRYPTOS, PART FOUR
Another investment risk are charges and fees.
Consumers should take into account the impact of fees and charges on their investment, which may be higher than those of regulated investment products.
RISKS OF INVESTING IN CRYPTOS, PART THREE
A third risk of investing in cryptocurrencies is product complexity.
The complexity of some crypto-asset related products and services can prevent consumers from understanding the risks.
There is no guarantee that cryptoassets can be converted back to cash.
The conversion of a crypto-asset into cash depends on the existing demand and supply in the market.
RISKS OF INVESTING IN CRYPTOS, PART II
Another investment risk is price volatility.
The significant price volatility of crypto-assets, combined with the difficulties inherent in a reliable valuation of crypto-assets, puts consumers at high risk of loss.