BITCOIN, Dogecoin, and Solana are recovering from a major crash in recent days, with some experts particularly optimistic about Bitcoin’s potential.
Hong Fang, CEO of crypto exchange OKCoin, recently told CNBC: “I still believe the price of 100,000 is reasonable.
“The timing can be a bit elusive because we’re reliant on market dynamics,” she added.
Fang did not give a specific date on when she thinks the Bitcoin price will go up The $100,000 milestone.
Goldman Sachs has previously suggested that Bitcoin could reach a staggering value this year.
Bitcoin’s rally has also seen it escape the dreaded “death cross” – an investor indicator that can spell disaster.
Read our Bitcoin live blog for the latest news and updates…
What is meme money?
ONE coin meme usually obtained from a social media or an internet joke.
It all started with GameStop and AMC earlier this year, when a Reddit crowd mocked short sellers by increasing the price of those stocks.
The memes then spread to electronic money – and now there are a few major ones today.
How to check for scams in blockchain
Cryptocurrency operates on the blockchain network.
Scammers often claim their blockchain is “in development” or “soon to be released,” but all legitimate cryptocurrencies will have an accompanying website to verify the currency.
Users can type the name of the cryptocurrency into any search engine with the phrase “blockchain explorer” or “blockchain scan” to find the connected blockchain, if it even exists.
What is Blockchain?
A blockchain is where encrypted data can be transmitted securely, making it nearly impossible to copy or forge.
This ledger is the foundation of any cryptocurrency transaction.
Cryptocurrencies allow people to trade currencies or digital assets outside of any government or bank.
El Salvador Adopts Bitcoin, Continue
However, those who do not have access to the technologies that can implement Bitcoin will not be required to accept it.
The US dollar and Bitcoin are now the official currencies of the country.
This is the first time Bitcoin was approved as a legal tender in a sovereign country.
El Salvador uses Bitcoin
The nation’s President Nayib Bukele passed a bill in June stating that from September 7, Bitcoin can be used in any transaction and all businesses must accept cryptocurrency as payment.
The law also stipulates that tax contributions can be paid via Bitcoin and crypto exchanges will not be subject to capital gains tax.
Under the new law, El Salvador will “promote the training and mechanisms necessary to make it accessible to the public.” [Bitcoin] transaction. ”
The man lost 1.6 million dollars, the third
The app demanded $1.5 million from the victim and threatened to freeze his account if he didn’t pay.
“I went to the FBI website and saw that there was a public warning about this type of scam,” he told the news agency. “I am 52 years old, all my life savings, gone within a month.”
The popular scam, which involves meeting someone on a dating app, depositing money into a fake investment app (which is constantly changed, renamed or deleted) then loses everything, is called as “Scam selling pork”. KMGH-TV detail.
The man who lost $1.6 million, part two
The man said he had successfully deposited money into the account, including money from his retirement account.
He is said to be able to withdraw crypto as well, until he tries to withdraw more.
A “customer service agent” with the app told him “you need to repay the loan before you can cash out your account” KMGH-TV reported.
Man loses $1.6 million in scam
One man says he lost his savings in a scheme dubbed the “Pork Slaughter Scam.”
52-year-old man told Denver ABC branch KMGH-TV that he met a woman on a dating app who seemed to have the same interests as him.
The conversation turned to electronic money, which he made about $70,000 over several years.
The man told the news outlet that the woman he fell in love with online convinced him to invest in a web and mobile app that seemed legit to the software engineer.
Can you trade crypto on Robinhood?
Unlike most discount competitors, Robinhood offers Cryptocurrency trading 24/7 through its platform.
Its cryptocurrency investors can buy or sell using a market order, which means that the order is executed at the current market price.
Robinhood’s Risks, one third
In July, the platform also ordered the payment of nearly 70 million dollars fines and compensation to customers for deviations and outages.
If you are looking for a discount broker and are looking to open an IRA account, you can check out the following platforms: Vanguard, Fidelity, TD Ameritrade, Merrill Edge, among others.
Robinhood’s Risks, part two
For individual stock investments, make sure you check company reports, Securities and Exchange Commission (SEC) filings, broker notes, and press releases so you can make the best decision for his money.
Another risk of choosing Robinhood over other brokers is that they may restrict trading when there is unusual activity.
When it comes to risk, investing alone is because you are not guaranteed to make a return and the value of your property may decrease.
If you are choosing Robinhood to be able to trade stocks and cryptocurrencies – the game becomes even more risky.
Cryptocurrencies are not only confusing but even difficult to predict when a downtrend in the market will take place.
For example, crypto was thriving this year until Elon Musk said that Tesla was… Stop accepting Bitcoin payments.
What is Robinhood? Continue
Unlike many discount brokers, the company does not offer individual retirement accounts.
The majority of Robinhood’s revenue comes from ordering.
What is Robinhood?
The Robinhood platform operates as a discount brokerage offering commission-free trading.
Specifically, users can trade exchange-traded funds (ETFs), individual stocks (including US custody shares), and options.
You can also trade Robinhood stock thanks to the company recently listing shares at a valuation of $1.2 billion.
What is Altcoin, Next
“They build on the success of bitcoin by slightly changing the rules, economics or use cases to appeal to them,” said Simon Peters, crypto-asset analyst at eToro. different users”.
“Altcoins vary greatly in their use cases and practical applications. They often have some form of technology that they underpin or provide a liquidity solution for a product or service.”
What are Altcoins?
Altcoins are short for altcoins, a virtual currency that uses a so-called blockchain to enable secure transactions.
Altcoins are a type of cryptocurrency rather than a single currency, and there are over 900 different alt coins.
China suppresses ‘great opportunity’ for the US
Of China The crackdown on cryptocurrency transactions “is a huge opportunity for the United States,” according to Pat Toomey, the top Republican on the Senate Banking Committee.
This comes as the US Securities and Exchange Commission lobbies for more regulations when it comes to cryptocurrencies.
China Cracks Down on Cryptocurrencies
While the creation and trading of cryptocurrencies is illegal in China Since 2019, Beijing’s further crackdowns this year have warned banks to stop related transactions and shut down much of the country’s vast network. Bitcoin miner.
The central bank’s earlier statement sent the strongest signal yet that China is closed to cryptocurrencies.
Declaration of China, continued
Bitcoin, the world’s largest digital currency, and other cryptocurrencies cannot be traced by a country’s central bank, making them difficult to regulate.
Cryptocurrency crackdown opens the door for China to introduce itself digital currency, it has been working and will allow the central government to monitor transactions.
China’s Statement on Cryptocurrency
The PBOC said it would “resolutely prevent virtual currency speculation, related financial activities and misconduct in order to protect people’s assets and maintain economic, financial and social order. festival”.
It says that the transaction of virtual money became “pervasive, disrupting economic and financial order, giving rise to money laundering, illegal capital raising, fraud, pyramid schemes and other illegal and criminal activities. ”
Crypto investments up to $30 billion
Investors contributed a record $30 billion to the crypto industry in 2021, according to Luck.
The newspaper cited data from Bloomberg News According to the report, $7.2 billion came from US-based investors.
According to a Fortune report, the $30 billion amount is almost four times the $8 billion that investors spent on companies in the crypto industry in 2018.
Play money games, part two
New money-making game play model that rewards players electronic money to play is not technically free.
Players may have to spend $1,000 or more to start making money in the Axie Infinity universe, according to Forbes.
The popular platform to play the game for money requires a beginner to have three “Axies”, available for purchase on the game Market Dashboard.
The participants can then earn crypto to sell potions, breed rare Axies, and play different games.
What is money gaming?
Axie Infinity is the most popular platform for playing games for money at the moment.
It allows users to build a collection of “Axies” that the player can use across its entire game world.
The company then uses the blockchain to reward players for playing the game, according to Forbes.
Any digital assets earned by participants can be sold on the Axie Infinity platform or traded outside of the universe.
https://www.the-sun.com/money/4448268/bitcoin-price-live-crypto-ethereum-dogecoin-solana-surge/ Bitcoin Price LIVE – Ethereum, Dogecoin, and Solana Rise As Crypto Markets Soar While Markets Soar