Cryptocurrency Price News – Vietnam Sees Rapid Growth in Crypto Use Triggering Increase as Shiba Inu Price Jumps 10%
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 …
Remember that buying cryptocurrency is always a risky business and you should only invest what you can afford to lose.
They are extremely volatile and your cash flow can go down as well as up in the blink of an eye.
It’s important to only invest in things you understand, and some cryptocurrency products and services can be very complex.
Before investing, you should do your research because cryptocurrency companies are not regulated like other financial companies.
This means that you won’t have any protection if things go wrong and you could lose all your money.
PLYTH SUITE ERROR
“We know our users depend on us and we are working with relevant partners to remedy the situation.”
“Better developer documentation and guidelines for using Oracle Pyth are in the works, stay tuned.”
“We deeply thank the community for the support you have shown us. Pyth will continue to rely on the promise of providing reliable, high-fidelity financial information.”
WHAT HAPPENED TO PYTH LAST WEEK?
According to Bloomberg, an error last Monday caused the Pyth platform to incorrectly show that the price of Bitcoin had fallen to around $ 5,400.
In a series of tweets this Wednesday, Pyth apologized for the incident.
“We communicate with Pyth’s partners and data providers to ensure transparency, accuracy and confidence in Pyth,” the platform wrote.
AUDIUS VALUE RISE AFTER THE TIKTOK AFFAIR
After its deal with TikTok, Audius’ price soared 109% in the past 24 hours on Tuesday, according to CoinMarketCap.
In March, Audio climbed to $ 4.18 from $ 2.50 the previous day as the platform’s profile began to grow.
However, it fell soon after, and despite rising in May, it has fallen since until the end of July.
BITCOIN UP THURSDAY
Coinbase has shown that the Bitcoin’s value was on the rise Thursday afternoon.
This afternoon it was up 4.05% in the past 24 hours.
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 Hashgraph Hedera.
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 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 Shiba Inu’s value 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 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 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.
WHAT IS ALGORAND?
Algorand is a cryptocurrency of 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.
“DebtCeiling 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 the most trusted, comprehensive suite of crypto-premier financial services to our 68 million users.”
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 for them and “With all my heartApproved the project in a message to its 7 million subscribers on Facebook.
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 peaked 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 ETHEREUM CO-FOUNDER, VITALIK BUTERIN, PART THREE
“I have never been so excited about the potential of the Internet”, Ohanian added.
“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 took some pride in seeing his legacy grow,” Ohanian wrote from 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, has been named one of the 100 most influential people of 2021.
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 brought into 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.
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.