Cryptocurrency Price LIVE – Bitcoin Stock & Ethereum Drop 4% As Harvest Finance (FARM) Is Deemed Low Risk I… – The Sun

What is a blockchain?

A blockchain is where encrypted data can be transferred securely, making it nearly impossible to duplicate or counterfeit.

This ledger is the foundation of any cryptocurrency transaction.

The cryptocurrency allows people to trade currency or assets digitally outside of any government or bank.

Major meme coins, part 2

Another dog meme that has picked up traction this year has been Saitama inu, whose logo appears to feature a wolf surrounding a human face.

“Tokens like Shiba Inu, Dogecoin and newest gainer Saitama are all a part of the evolution of digital finance in their own unique way,” Chris Kline, chief operating officer and co-founder of Bitcoin IRA, recently told The Sun.

Separately, Tiger King is a meme coin that has picked up strong momentum off the past month, which is based on the popular Netflix series.

The major meme coins

The surge of the meme coins this year all started with Dogecoin.

That was then followed by Shiba Inu, which both feature the same dog breed in their logos.

The image became a popular internet meme called doge, and it features the dog surrounded by text in the comic sans font with words like “much wow.”

Both Shiba and Dogecoin have been popular dog meme coins this year.

What are meme coins?

A meme coin typically gains off a social media or an internet-based joke.

It all started with GameStop and AMC earlier this year, when a Reddit mob trolled short-sellers by driving up the prices of those stocks.

The memes then spread over to cryptocurrencies – and there are now a few major ones today.

Apple plans for crypto

Cook continued 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.

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.

The most valuable cryptocurrencies

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.

More than 50 countries place bans

51 countries have placed bans on cryptocurrencies, according to a report from the Global Legal Research Directorate of the Law Library of Congress.

To date, nine countries have a total ban, and 42 have an implicit ban. The implicit ban forbids financial institutions from using crypto.

The number of countries with bans has more than doubled since research first came out in 2018, according to Markets Insider.

GYEN price predictions, continued

Wallet Investor expects the price of GYEN to add another zero and fall to $0.00845 in a year’s time.

Meanwhile, Digitalcoin expects GYEN to gain to around $0.022 in 2021.

Furthermore, Goldman Sachs expert Andrew Lokenauth is even more bullish on GYEN.

“From my prior experience, I feel it will be included on other exchanges due to demand,” he told The Sun.

“Also, due to current hype and mentions of GYEN on Reddit and Twitter, this can easily reach 10 cents.”

Long-term GYEN price predictions

The price of GYEN has jumped thanks to becoming available to Coinbase pro members.

Where the price will wind up in the future is tough to predict – and it is yet to be included on other major exchanges like Robinhood.

Marie Tatibouet, chief marketing officer of crypto exchange Gate.io, told The Sun that stablecoins aren’t exactly supposed to surge in trading like this.

“It looks like the demand is so high that the peg has failed to hold,” she said.

“A good stablecoin shouldn’t surge or fail under scrutiny.”

Man loses $1.6million, part three

The app demanded $1.5million from the victim and threatened to freeze his account if he didn’t pay.

“I go look on the FBI site and lo and behold, there’s this public alert about this type of scam,” he told the news outlet. “I’m 52, my entire life savings, gone in a matter of a month.”

The common scam, which involves meeting someone on a dating app, depositing money into a fake investment app (which is constantly changed, renamed or deleted) then losing it all, is called the “Pig Butchering Scam,” KMGH-TV detailed.

Man loses $1.6million, part two

The man said he successfully deposited funds into the account, including money from his retirement accounts.

He was reportedly able to withdraw cryptocurrency too, until he attempted to take out more.

A “customer service agent” with the app told him “you need to repay the loan before you can withdraw cash from your account,” KMGH-TV reported.

Man loses $1.6million in scam

A man says he lost his life savings in a scheme dubbed the “Pig Butchering Scam.”

The 52-year-old told Denver ABC affiliate KMGH-TV that he met a woman on a dating app who appeared to have similar interests to him.

The conversation turned to cryptocurrency, something he’d made about $70,000 on in a few years.

The man told the news outlet that the woman he fell for online convinced him to invest on a mobile and web app that seemed legitimate to the software engineer.

US cities embrace cryptocurrency, part two

The mayor of Miami is also working to expand cryptocurrency options in the Florida city.

Mayor Francis Suarez said he would take his paychecks in Bitcoin and wants residents to be able to pay fees and taxes in the cryptocurrency.

Miami launched a token earlier this year called MiamiCoin, which generated $30million in revenue over three months, Suarez told Bloomberg News.

US city embraces cryptocurrency

A Tennessee city hopes to become the first in the nation to offer its employees cryptocurrency as a payroll conversion option.

The Jackson Sun reports that a request for proposal (RFP) has been opened, allowing third party platforms to apply to be the city’s cryptocurrency converter.

“We offer our employees a deferred compensation opportunity for their retirement already. Why not add more options?” the mayor told the news outlet.

He said the move will diversify ways city employees can receive payment and allow the city to pay contractors in Bitcoin.

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.

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.

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.

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.

Crypto.com coin price prediction

The Crypto.com Coin cryptocurrency hit a record high on November 15, reaching $0.52 at its peak, according to CoinMarketCap.

In comparison, it was sitting at just $0.05966 on January 1 this year.

The Crypto.com token has increased in value thanks to a number of factors.

For example, it has secured several high-profile sponsorship deals in 2021 including the UFC, Formula One Racing, and Matt Damon’s Water.org.

From December, the Staples Center – home to the Lakers and Clippers – will also be called Crypto.com Arena.

Whether the Crypto.Com Coin continues to soar in value remains to be seen, but plenty of crypto fans have still made predictions.

For example, Wallet Investor expects the token to hit a value of $0.538 in one year and $0.8023 in five years.

Meanwhile, Digital Coin Price has set a 2021 forecast of $0.7036, a 2023 value of $0.9636 and it expects a 2028 price of $2.09.

Who founded crypto.com?

Kris Marszlek has been the Chief Executive of Crypto.com since June 2016 and is based in Hong Kong.

Bobby Bao is a co-founder and managing director of Crypto.com, which was formerly known as Monaco.

Gary Or is another co-founder and is the head of technology at Foris – a universal money app, according to topionetwork.com.

The other co-founder is Rafael Melo, who, according to Topio Network, has 15 years’ experience in finance.

Crypto.com coin, continued

Crypto.com itself is one of the fastest-growing cryptocurrency businesses in the world.

Keegan Francis, crypto editor and expert of Finder, told The Sun the coin has many uses, but most notably is that it can be used to stake crypto on the mobile app in order to get the Crypto.com Visa debit card.

He added: “Staking higher amounts of CRO across the platforms rewards users with more features and rewards.

“Investors need to keep in mind that the token itself is tied directly to the success of the Crypto.com ecosystem.

“That being said, Crypto.com has taken the initiative to decentralize CRO by building it into their own decentralized blockchain called Crypto.org.

“This is a good step for them to take in order to ensure the longevity of their token.

“It creates less dependence on the company itself, and begins to build out an independent community of developers, and market participants.”

What is crypto.com coin?

The Crypto.com Coin is the native token of the Crypto.com and Crypto.Org ecosystems.

Also known as CRO, it launched at the end of 2018.

The Crypto.com chain was created to build a network of crypto projects and to develop merchants’ ability to accept crypto as a form of payment, according to its website.

Businesses can use Crypto.com pay checkout and/or invoice to allow customers to pay for goods and services with crypto using the wallet app.

The firms then receive their payments in CRO, stable coins or in fiat currency, which is government-issued money like dollars or pounds.

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.