VIETNAM is seeing an increase in the use of cryptocurrencies, although the International Monetary Fund warns that its introduction in emerging markets could threaten stability.
It comes when Shiba Inu has seen a ten percent increase in the past three days, with the price expected to rise higher.
Federal Reserve Chairman Jerome Powell announced Thursday that there were no plans to ban cryptocurrencies in the US and prices rose 10 percent.
Meanwhile, in El Salvador, the country has made its first forays into bitcoin mining using electricity generated by a volcano, according to a video released by state-run geothermal company LaGeo SA de CV.
The first Bitcoin mining rigs were installed there in an energy factory, where President Nayib Bukele made cryptocurrency legal tender weeks ago.
Bitcoin had risen to $ 47,974.84 on Saturday morning on Coinbase, and the total market cap of cryptocurrencies jumped back above the $ 2 trillion mark.
Also, Bitcoin and Ethereum are traded on Wall Street, and Coinbase now allows users to fund its accounts.
Read our live cryptocurrency blog for the latest news and updates …
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WHAT HAPPENED TO PYTH LAST WEEK?
According to Bloomberg, a bug last Monday caused the Pyth platform to falsely indicate that the price of Bitcoin had dropped to around $ 5,400.
In a series of tweets this Wednesday, Pyth apologized for the mishap.
“We communicate with Pyth partners and data providers to ensure transparency, accuracy and trust in Pyth,” the platform wrote.
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AUDIUS VALUE INCREASES AFTER TIKTOK DEAL
After the deal with TikTok, Audius’ price rose 109% in the last 24 hours on Tuesday, according to CoinMarketCap.
In March, Audio rose to $ 4.18 from $ 2.50 just the day before the platform’s profile began to build.
However, it collapsed shortly thereafter and despite a spike in May, it fell through the end of July.
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BITCOIN UP ON THURSDAY
Coinbase showed on Thursday afternoon that Bitcoin’s value had risen.
As of this afternoon, it was up 4.05 percent in the past 24 hours.
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WHAT IS HASHGRAPH?
Hashgraph is similar to a blockchain and was created in 2017 by the American computer scientist Leemon Baird.
The Hedera Hashgraph system is a distributed ledger based on Hashgraph and developed by Baird together with Mance Harmon.
HBAR is the cryptocurrency of the Hedera Hashgraph.
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WHAT IS SHIBA INU COIN, CONTINUED
Whether or not you have already invested, keep in mind that making money on cryptocurrencies or other investments is never guaranteed, even with a popular one like Shiba Inu.
Cryptocurrencies are particularly volatile, so their values can crash without or without notice.
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WHAT IS SHIBA INU COIN?
Shiba Inu is a cryptocurrency token that allows users to hold trillions of them.
The tokens feature the same Shiba Inu dog as Dogecoin, which has grown massively in popularity recently.
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WHAT WILL SHIBA INU BE WORTH IN 2022, CONTINUED
Meanwhile, the Coin Price Forecast expects Shiba Inu to hit $ 0.00002336 by the middle of next year.
She then expects to end the year at a slightly higher level of $ 0.00003037.
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WHAT WILL SHIBA INU BE WORTH IN 2022?
Many cryptocurrency fans have predicted the value of Shiba Inu for 2022, but you should approach it with caution as these guesses are nowhere near guaranteed.
For example, the crypto website Wallet Investor expects a value of up to $ 0.000018 in one year.
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SWISS REGULATOR APPROVES FIRST CRYPTO FUND
The Swiss financial market regulator has approved the first Swiss crypto fund, Bitcoin.com reported on Wednesday.
FINMA announced that the fund is called “Crypto Market Index Fund”.
It is “an investment fund under Swiss law in the ‘other funds for alternative investments’ category with special risks”.
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WHO IS BEHIND ALGORAND?
The Algorand Foundation, based in Singapore, is behind the project.
Algorand claims that it speeds up transactions and improves efficiency compared to Bitcoin and other blockchains.
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WHAT IS ALGORAND?
Algorand is a cryptocurrency of the Algorand blockchain, a public decentralized network on which smart contracts can be built.
It was launched in 2019 by Silvio Micali, professor at the renowned Massachusetts Institute of Technology (MIT).
The computer scientist also received the Turing Award for his work in the field of cryptography.
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BUSINESS JOURNALIST SAYS DEBT BLANK IS A RISK TO CRYPTO CURRENCY
Fox business journalist Susan Li noted on Twitter that the looming debt ceiling crisis in the United States could affect crypto.
“DebtCeiling is a risk to all assets, including #cryptocurrency,” she wrote alongside a video discussing the issue.
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COINBASE LET USERS DEPOSIT MONEY CHECKS TO ONLINE ACCOUNTS
Coinbase enables users to deposit their paychecks directly into their online accounts, according to CNBC.
“With direct deposit, customers can more easily access our crypto-based financial services and be ready for any trade or purchase,” revealed Max Branzburg, Vice President of Product at Coinbase, in a blog post.
“We are committed to delivering the most trusted full suite of crypto-first financial services to our 68 million users.”
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STEVEN SEAGAL’S BITCOIN SCANDAL
Under Siege and Half Past Dead Hardman Seagal was paid to promote Bitcoiin2Gen (B2G) which left 500 investors in cash and other cryptocurrencies out of pocket for unwittingly supporting the scam.
Seagal was reportedly offered $ 250,000 along with £ 750,000 worth of B2G to appear in promotional materials for the scammers.
He appeared in a press release for them and endorsed the program “wholeheartedly” in a post to his 7 million followers on Facebook.
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LITECOIN VS. BITCOIN
Litecoin, which was founded in 2011 by Google engineer Charlie Lee, works in a similar way to Bitcoin.
Mr. Lee occasionally refers to Litecoin as the “silver of Bitcoin’s gold”.
The two cryptocurrencies behave similarly when setting up their global payment processes. Both are not controlled by financial institutions.
Like most cryptocurrencies, Litecoin uses blockchain technology to process and record transactions.
Litecoin is smaller, but a faster and cheaper alternative compared to Bitcoin.
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EXPERTS PREDICT THE GROWTH OF POLYGON
How the price of Ethereum will change in the future cannot be said with certainty.
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 lately, growing by 10,000% last year.”
“It’s easy to get carried away, but such aggressive growth most likely won’t last forever.”
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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 Matic Network when it first launched in 2017.
Polygon hit its all-time high on May 18 when it shot to $ 2.4544.
The price is up roughly 9,200% this year – from $ 0.01781 on Jan 1st. -
ALEXIS OHANIAN ON ETHEREUM CO-FOUNDER, VITALIK BUTERIN, PART THREE
“I’ve never been more excited about the potential of the Internet,” added Ohanian.
“And that is mainly thanks to Vitalik Buterin.”
Buterin is the co-founder of Ethereum and co-founder of Bitcoin Magazine in 2011.
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ALEXIS OHANIAN ON ETHEREUM CO-FOUNDER, VITALIK BUTERIN, CONTINUED
“No one could possibly have found all of the uses for Ethereum, but it took someone’s idea to get started,” added Ohanian of Buterin.
“From then on, a new world has opened up and new ways of using blockchain technology have emerged – in which I have invested in some.”
“Whether startups like Sorare are reinventing fantasy sports or Rainbow users showcasing their NFT collections, none of this would have existed without Vitalik’s creation.”
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ALEXIS OHANIAN ABOUT CO-FOUNDER OF ETHEREUM, VITALIK BUTERIN
“Thanks to Reddit’s r / Ethereum community, I have had the privilege of following Vitalik Buterin’s career from the start, which is why I take some pride in seeing his legacy grow,” Ohanian wrote of the programmer.
“Sure, we can talk about the value he co-founded the platform, including Ethereum’s impressive market cap of around $ 400 billion, the dazzling world of decentralized apps, and this year’s boom in NFT trading.”
“What makes Vitalik so special, however, is that he is a builder.”
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ONE OF THE CO-FOUNDER OF ETHEREUM IS CALLED A TIME 100 MOST INFLUENCING PERSON
One of the co-founders of Ethereum, Vitalik Buterin, was named one of Time Magazine’s 100 Most Influential People of 2021.
Former editor-in-chief Alexis Ohanian praised him in a letter for the piece.
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DOW JONES CRYPTO TRADING EXPERT ON WALL STREET
Some cryptocurrencies are being brought to the Wall Street trading rooms, 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.
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WHAT WILL MEASURE BITCOIN’S PERFORMANCE ON WALL STREET?
The S&P Bitcoin Index, S&P Ethereum Index, and S&P Crypto Mega Cap Index will measure the performance of related digital assets as digital currencies like Bitcoin and Ethereum are traded on Wall Street, according to Money Control.
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SHARES IN CRYPTO FIRMS FALL AFTER CHINA NOTICE
Shares in 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 the volatility will continue into the last week of September, especially with the quarter-end window decorations,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
Investors are also looking for signs of progress on President Joe Biden’s expense and budget accounts.
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RISKS OF INVESTMENT IN KRYPTOS, PART FIVE
Finally the truth in Promotional material is a risk when investing in cryptos.
Firms can overestimate the return of products or underestimate the risks involved.
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source https://www.bisayanews.com/2021/10/03/cryptocurrency-price-news-vietnam-sees-rapid-growth-in-crypto-usage-sparking-surge-as-shiba-inu-price-jumps-by-10/
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