Cryptocurrency prices for Bitcoin, Ethereum and Shiba Inu all end week up (2024)

13th Dec 2021, 12:01By Josie Rhodes Cook

What is Ethereum?

Ethereumis a cryptocurrency that was released in 2015. It’s the second largest after Bitcoin.

In fact, some experts believe it has the potential to one day overtake Bitcoin as the dominant coin in the market.

It was founded by eight people, one of which is 27-year-old cryptocurrency “celebrity”Vitalik Buterin.

He recentlybecame the world’s youngest crypto billionaireas Ethereum soared in value.

Ethereum is also a ledger technology – using “blockchain”, like Bitcoin – that companies are using to build new programs.

13th Dec 2021, 11:30By Josie Rhodes Cook

Major meme coins, part two

Another dog meme that has picked up traction this year has beenSaitama 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 Kingis a meme coin that has picked up strong momentum off the past month, which is based on the popular Netflix series.

13th Dec 2021, 11:00By Josie Rhodes Cook

The major meme coins

The surge of the meme coins this year all started withDogecoin.

That was then followed byShiba 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.

13th Dec 2021, 10:30By Josie Rhodes Cook

What are meme coins?

Ameme cointypically gains off a social media or an internet-based joke.

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

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

13th Dec 2021, 10:00By Josie Rhodes Cook

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.

13th Dec 2021, 09:32By Josie Rhodes Cook

Risks of Robinhood, part two

For investing individual stocks, make sure you check company reports, Securities and Exchange Commission (SEC) filings, broker notes, and press releases so you can make the best decisions for your money.

Another risk when choosing Robinhood along with other brokers is that they can restrict trading when there’s unusual activity.

In fact, Robinhoodfaced some outrageearlier this year when it restricted trading onmeme stocksincluding GameStop and AMC.

13th Dec 2021, 09:00By Josie Rhodes Cook

Risks of Robinhood

When it comes to risks, investing alone is one because you’re not guaranteed to generate a profit and the value of your assets could fall.

If you’re choosing Robinhood so you can trade stocks and cryptocurrencies – then the game gets even riskier.

Cryptocurrencies are not only difficult to understand but even tougher to predict when bearish trends in the market will take place.

For example, cryptocurrency was thriving this year up until Elon Musk said that Tesla washalting the acceptance of payments in Bitcoin.

13th Dec 2021, 08:30By Cierra Jones

Microstrategy spends $414 million on Bitcoin

The business intelligence company led by Michael Saylor revealed in a November 29 Securities and Exchange Commission filing that it bought 7,002 bitcoins between October 1 and November 29.

MicroStrategy reportedly spent $414million on the coins.

The company now has a reported stockpile of 121,044 bitcoin tokens.

13th Dec 2021, 08:00By Cierra Jones

What is Hbar crypto?

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 along with Mance Harmon.

HBAR is the cryptocurrency of theHedera Hashgraph.

The company itself explains: “HBAR is the native, energy-efficient cryptocurrency of the Hedera public network.”

13th Dec 2021, 07:30By Cierra Jones

What is Ethereum?

Ethereumis a cryptocurrency that was released in 2015. It’s the second largest after Bitcoin.

In fact, some experts believe it has the potential to one day overtake Bitcoin as the dominant coin in the market.

It was founded by eight people, one of which is 27-year-old cryptocurrency “celebrity”Vitalik Buterin.

He recentlybecame the world’s youngest crypto billionaireas Ethereum soared in value.

Ethereum is also a ledger technology – using “blockchain”, like Bitcoin – that companies are using to build new programmes.

13th Dec 2021, 07:00By Cierra Jones

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 theseother ways to spot scammersin the crypto space.

13th Dec 2021, 06:30By Cierra Jones

Who is behind Algorand?

TheAlgorand Foundationbased in Singapore is behind the project.

Algorandclaims that it speeds up transactions and improves efficiency when compared to bitcoin and other blockchains.

13th Dec 2021, 06:00By Cierra Jones

What is Algorand?

Algorand is a cryptocurrency of theAlgorandblockchain, a public decentralized network on which smart contracts can be built.

It was created in 2019 by Silvio Micali, a professor a the prestigiousMassachusettsInstitute of Technology (MIT).

The computer scientist has also won the Turing Award for his work in the area of cryptography.

13th Dec 2021, 05:30By Cierra Jones

What are Altcoins, continued

Simon Peters, crypto-asset analyst at eToro, said: “They build on the success of bitcoin by slightly changing the rules, economics or use cases to appeal to different users.”

“Altcoins vary greatly in their use cases and practical application. They typically have a form of technology they underpin or provide a liquidity solution to a product or service.”

13th Dec 2021, 05:00By Cierra Jones

What are Altcoins?

Altcoin stands for alternative coin, a type of virtual currency that uses the so-called blockchain to allow secure transactions.

Altcoin is a category of cryptocurrencyrather than a currency itself, and there are more than 900 different altcoins available.

13th Dec 2021, 04:30By Cierra Jones

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 alsobe 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 Investorexpects the token to hit a value of $0.538 in one year and $0.8023 in five years.

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

13th Dec 2021, 04:00By Cierra Jones

Who founded crypto.com?

Kris Marszlek has been the Chief Executive ofCrypto.comsince June 2016 and is based inHong 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 totopionetwork.com.

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

13th Dec 2021, 03:00By Cierra Jones

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 tostake cryptoon 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.”

13th Dec 2021, 02:00By Cierra Jones

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.

13th Dec 2021, 01:00By Cierra Jones

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.

13th Dec 2021, 00:30By Cierra Jones

Apple CEO Tim Cook owns crypto

Apple CEO Tim Cook recently revealed he owns cryptocurrency.

At the New York Times DealBook conference,Cookwas asked if he ownsBitcoinor Ethereum and said, “I do. I think it’s reasonable to own it as part of a diversified portfolio,” according toCNBC.

“I’m not giving anyone investment advice by the way,” he noted.

13th Dec 2021, 00:00By Cierra Jones

US to stem ‘illicit use’

A recent statement from PresidentJoe Bidenread: “Cyber threats can affect every American, every business regardless of size, and every community.”

“That’s why my administration is marshaling a whole-of-nation effort to confront cyber threats.”

The White Housesignaled that the US will gather 30 other countries to discuss responses to cybercrime.

“This month, the United States will bring together 30 countries to accelerate our cooperation in combatting cybercrime, improving law enforcement collaboration, stemming the illicit use of cryptocurrency, and engaging on these issues diplomatically,” the previous statement read.

13th Dec 2021, 23:30By Cierra Jones

Most valuable crypto coins

Cryptocurrencyprices 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 areBitcoinandEthereumbut 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.

13th Dec 2021, 23:00By Cierra Jones

Risks of investing in cryptos, part five

Finally, the truth inmarketing materialsis a risk in investing in cryptos.

Firms may overstate the returns of products or understate the risks involved.

13th Dec 2021, 22:30By Cierra Jones

Risks of investing in cryptos, part four

Another risk of investing are thecharges and fees.

Consumers should consider the impact of fees and charges on their investment which may be more than those for regulated investment products.