Federal Reserve Chairman Jerome Powell announced Thursday that there are no plans to ban cryptocurrencies in the United States and they are up 10%.
Meanwhile, in El Salvador, the country has made its first forays into Bitcoin mining energy generated through a volcano, according to a video released through CV’s national geothermal electric power company, LaGeo SA.
The first Bitcoin mining platforms were in a power plant there, where a few weeks ago, President Nayib Bukele gave legal tender to the cryptocurrency.
Bitcoin priced at $47,974. 84 on Coinbase on Saturday morning, and the overall market capitalization of the cryptocurrency has returned above the $2 trillion mark.
In addition, Bitcoin and Ethereum will be traded on Wall Street and Coinbase now users’ deposits into their accounts.
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Meanwhile, the mayor of Miami is making the Florida city a “cryptocurrency innovation hub” and Bitcoin is in position at Coinbase.
Since CityCoins ” MiamiCoin” in August, “the protocol has sent about $7. 1 million to Miami,” the Washington Post reported Thursday.
Read our blog on cryptocurrencies for the latest news and updates. . .
BUSINESS JOURNALIST SAYS DEBT CEILING IS A RISK FOR CRYPTOCURRENCY
Fox Business reporter Susan Li noted on Twitter that the ever-approaching debt ceiling crisis in the United States may have an effect on cryptocurrencies.
“The debt ceiling is one for all assets, adding #crypto,” he wrote throughout a video on the subject.
COINBASE ALLOWS USERS TO DEPOSIT PAYCHECKS INTO ONLINE ACCOUNTS
Coinbase will allow users to deposit their paychecks into their online accounts, according to CNBC.
“With direct deposit, consumers can more easily access our crypto currency and be in a position to make any exchange or purchase,” Max Branzburg, Coinbase’s vice president of products, revealed in a blog post.
“We are committed to offering the full package of maximum confidence crypto first monetary to our 68 million users. “
STEVEN SEAGAL BITCOIN SCANDAL
Under Siege and Half Past Dead, hard man Seagal paid to advertise “Bitcoiin2Gen” (B2G), which saw 500 investors excluded in money and other cryptocurrencies, as he unknowingly ended up supporting the scam.
Seagal reportedly submitted $250,000 and £750,000 of B2G to appear on promotional curtains for scammers.
He gave them the impression in a press release and “wholeheartedly” endorsed the program in a message to his 7 million followers on Facebook.
LITECOIN VS. BITCOINS
Litecoin, which was created in 2011 through Google engineer Charlie Lee, works in the same way as Bitcoin.
Mr. Lee refers to Litecoin as “the silver gold of Bitcoin. “
Both cryptocurrencies act in some way in shaping your global payment transactions and both are not controlled by monetary institutions.
Like maximum cryptocurrencies, Litecoin uses blockchain generation to process and record transactions.
Although Litecoin is smaller, it is a faster and less expensive option compared to Bitcoin.
EXPERTS PREDICT THE GROWTH OF POLYGONS
It is to know with certainty how it will replace the value of Ethereum in the future.
However, experts and investors have made some predictions.
Charlie Barton, investment specialist at Compare Finder, warned in mid-May: “Polygon’s functionality has been incredibly strong recently, achieving a 10,000% expansion last year. “
“It’s easy to get carried away, but that competitive expansion is very unlikely to continue indefinitely. “
WHAT IS THE 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 was introduced in 2017.
Polygon reached its record point on May 18 when it rose to $2. 4544 and the value is up about 9,200% this year, up from $0. 01781 on Jan. 1.
ALEXIS OHANIAN ON ETHEREUM CO-FOUNDER VITALIK BUTERIN, PART THREE
“I’ve never been more excited about the internet,” Ohanian added.
“And that’s largely thanks to Vitalik Buterin. “
Buterin is co-founder of Ethereum and co-founder of Bitcoin Magazine in 2011.
ALEXIS OHANIAN ON ETHEREUM CO-FOUNDER VITALIK BUTERIN, CONTINUES
“It is possible that no one imagined all the uses of Ethereum, however, it took the concept of a user to launch it,” Ohanian added of Buterin.
“From there, a new world opened up and gave new tactics to leverage blockchain technology, some of which I invested in. “
“Whether it’s startups like Sorare reinventing fantasy sports or Rainbow users appearing in their NFT collections, none of this would have existed without the creation of Vitalik. “
ALEXIS OHANIAN ON ETHEREUM CO-FOUNDER VITALIK BUTERIN
“Thanks to Reddit’s r/Ethereum community, I had the privilege of following Vitalik Buterin from the beginning, so I was proud to see his legacy grow,” Ohanian wrote of the programmer.
“Of course, we can communicate about what he created as a co-founder of the platform, adding Ethereum’s impressive market cap of around $400 billion, the dazzling global world of decentralized applications, and this year’s boom in NFT trading. “
“What makes Vitalik like this is that he is a builder of builders. “
ONE OF ETHEREUM’S CO-FOUNDERS ONCE NAMED THE MOST INFLUENTIAL PERSON
One of ethereum’s co-founders, Vitalik Buterin, has been named one of the hundred most influential people of 2021 through Time magazine.
Former Reddit president Alexis Ohanian congratulated him in an article for the article.
DOW JONES EXPERT IN CRYPTO TRADING ON WALL STREET
Some cryptocurrencies will be on Wall Street trading floors, Money Control reported.
“Traditional money markets and virtual assets are no longer mutually exclusive markets,” said Peter Roffman, global head of innovation and strategy at S.
WHICH ONE WILL MEASURE BITCOIN’S PERFORMANCE ON WALL STREET?
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SHARES OF CRYPTO COMPANIES FALL AFTER CHINA’S ANNOUNCEMENT
Shares of Cryptocurrency-related Shares of Coinbase Global, MicroStrategy Inc, Riot Blockchain, and Marathon Patent Group fell after China’s central bank banned cryptocurrency trading and mining.
“It’s been a very volatile week, to say the least, so I think as we go into the last week of September, volatility continues, especially with the quarter-end preparation,” said Peter Cardillo, lead market economist at Spartan Capital Securities in New York. .
Investors are also in favor of the symptoms of progress in spending and budget bills from President Joe Biden.
RISKS OF INVESTING IN CRYPTOS, PART FIVE
Finally, trading fabrics is an investment in cryptocurrencies.
Companies would possibly overestimate product returns or underestimate the dangers involved.
RISKS OF INVESTING IN CRYPTOS, PART FOUR
Another investment is fees and charges.
Consumers want to take into account the incidence of commissions and commissions on their investment, which would possibly be higher than those of regulated investment products.
RISKS OF INVESTING IN CRYPTOS, PART THREE
A third threat to making an investment in cryptocurrencies is the complexity of the product.
The complexity of some products and similar to crypto assets can prevent consumers from understanding the risks.
There is no guarantee that crypto assets can be converted back into cash.
The conversion of a crypto asset into money in the call and source existing in the market.
RISKS OF INVESTING IN CRYPTOS, PART TWO
Another investment threat is volatility.
The significant price volatility of crypto assets, combined with the difficulties inherent in a reliable valuation of crypto assets, exposes consumers to a great threat of losses.
RISKS OF INVESTING IN CRYPTO
We’ve put together five dangers of making an investment in cryptocurrencies.
The first is protection.
Some investments with higher returns based on crypto assets would possibly not be subject to regulation beyond anti-money laundering requirements.
THE VALUE OF AUDIUS RISES
After its deal with TikTok, the value of Audius has risen 109% in the last 24 hours at the time of writing, according to CoinMarketCap.
Its value is now $3. 55 to $1. 88.
That’s not a record for the room, though: In March, audio hit $4. 18, up from $2. 50 the day before, as the platform’s profile began to grow.
However, it fell soon after and, despite an increase in May, has since fallen until the end of July.
THE CRYPTO-TRADING HAMSTER MARKET OUTPERFORMS THE MARKET
A hamster in Germany trades cryptocurrencies and lately surpasses the S
The furry animal, named Mr Goxx, has been running since June, thanks to a specially adapted cage.
He determines which coins to buy or sell by running on his wheel or walking through one of the two tunnels.
Mr. Goxx started trading on June 12 this year and on Friday rose 24% in the S
He claims that the page is just for fun and doesn’t offer monetary advice.
CRYPTOCURRENCY EXCHANGE HUOBI STOPS TAKING NEW CONTINENTAL CUSTOMERS
Chinese cryptocurrency exchange Huobi Global said on Sunday it had stopped accepting new mainland consumers as of Friday and would terminate contracts with mainland consumers until the end of the year to comply with regulations.
On Friday, Chinese regulators stepped up the crackdown, banning cryptocurrency transactions and mining, specifying that the supply of foreign currency to mainland Chinese investors via the internet is prohibited.
Huobi Global said in a statement that it would continue with an orderly exit of its existing continental customers under the assumption that the safety of its assets is guaranteed.
PYTH CAUSES A HUGE DROP IN BITCOIN
According to Bloomberg, a mistake on Monday the Pyth platform wrongly showed that the value of Bitcoin had fallen to around $5,400.
That would have been a catastrophic drop of about $50,000 before this month.
Several Bitcoin fans raised the alarm online, it turned out that they had nothing to fear.
Pyth, which provides monetary insights to several primary investment firms, showed in a tweet Monday that a challenge is the one that causes the challenge.
THE DIFFERENCES OF TEZOS
Tezos stands out from the primary cryptocurrencies, adding Bitcoin and Ethereum, which uses the proof-of-work blockchain in several key ways.
According to Tezos, its set of proof-of-stake rules not only costs less, but is also more environmentally friendly.
“The obvious expansion of non-fungible tokens (NFTs) has helped propel cryptos like Tezos from the niches of the cryptocurrency space,” Myron Jobson, a financial activist and interactive investor, told The Sun.
He adds that “the more investors have turned to less established players like Tezos to experiment at a lower cost. “
CHINA HAS PREVIOUSLY SHUT DOWN CRYPTO EXCHANGES, PART TWO
While the creation and industry of crypto has been illegal in China since 2019, this year’s new crackdown through Beijing has warned banks to suspend similar transactions and shut down much of the country’s vast network of bitcoin miners.
Thursday’s central bank sent the most powerful signal yet that China is closed to cryptocurrencies.
CHINA HAS PREVIOUSLY SHUT DOWN CRYPTO EXCHANGES
This is Beijing’s first step opposed to virtual currency: in 2017, China shut down its local cryptocurrency exchanges.
Despite the war against cryptocurrencies, Chinese mines feed approximately 80% of the world’s cryptocurrency trade.
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