Cryptocurrency price news – Bitcoin hits record high and Shiba Inu coin up today after Braintrust crypto exchange error

SHIBA Inu Coin will be available on Coinbase Tuesday, as will Bitcoin after Square CEO Jack Dorsey announced that the company plans to get into crypto mining with this currency.

“Square is considering building a custom silicon and open source Bitcoin mining system for individuals and businesses worldwide,” CEO Dorsey said in a tweet Friday.

“If we do this, we would be following our hardware wallet model: building in collaboration with the community in the open.”

Bitcoin’s price hit a six-month high of $ 62,000 after the tweet, Business Insider reported.

Both Bitcoin and Shiba Inu will stay up on Tuesday, according to Coinbase.

There were also some changes in crypto prices after President Biden’s statement highlighted potential pitfalls of the currency such as ransomware and other cyber threats.

Joe Biden’s statement said, “Cyber ​​threats can affect any American, any company, regardless of size, or community.

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• CAN BEAT BITCOIN $ 70,000, CONTINUATION

  In a year, Wallet Investor will see the price of Bitcoin exceed $ 86,000.

  In five years, the price is expected to rise to $ 209,033.

  Meanwhile, Economy Watch predicts that the price of Bitcoin will peak again in April at $ 64,000 by the end of the year.

  Then, in early 2022, Economy Watch determines that Bitcoin is “heading towards the $ 70,000 mark”.

• CAN BITCOIN REACH US $ 70,000?

  To reach $ 70,000, Bitcoin would have to rise 23 percent in the remaining days of the year.

  And the way things play out, Bitcoin could break the $ 70,000 mark by the end of the year.

  At the end of 2021, the Coin Price Forecast sees a price increase to 79,576 US dollars. It is expected to be worth $ 71,386 by mid-2023.

• LITECOIN VS. BITCOIN, CONTINUED

  Like most cryptocurrencies, Litecoin uses blockchain technology to process and record transactions.

  Litecoin is smaller, but a faster and cheaper alternative compared to Bitcoin.

• 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.

• WILL LITECOIN BEAT $ 500? CONTINUATION

  Chances are that this also helped give Litecoin a boost.

  In 12 months, the price of Litecoin could exceed $ 255, according to Wallet Investor.

  But towards the end of 2026, wallet investor sees Litecoin topping $ 557.

• WILL LITECOIN BEAT $ 500?

  Litecoin initially exploded to $ 412.96 – closer to the $ 500 mark than ever before.

  However, Litecoin is now trading at $ 174.90. Litcoin is up 3% in the past 24 hours.

  While China has banned all cryptocurrency transactions, big brother Bitcoin has won thanks to recent positive news from the US

• WHAT IS LITECOIN?

  As the name suggests, the cryptocurrency is small.

  But 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.

• ALEXIS OHANIAN ON ETHEREUM CO-FOUNDER, VITALIK BUTERIN, CONCLUSION

  “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.

• ALEXIS OHANIAN ON ETHEREUM CO-FOUNDER, VITALIK BUTERIN, CONTINUED

  “No one could possibly have found all 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 – which I have invested in a few in.”

  “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.”

• 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.”

• 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.

• MESUT OZIL RELEASED HIS OWN CRYPTO CURRENCY, CONTINUATION

  Fans who buy it can trade it like Bitcoin and also get discounts on its equipment and there will be opportunities to meet him too.

  Ozil is following in the footsteps of other soccer stars Keisuke Honda and James Rodriguez by venturing into cryptocurrency.

• DOES MESUT OZIL RELEASE ITS OWN CRYPTO CURRENCY?

  Former Arsenal star Mesut Özil is set to launch his own cryptocurrency this week.

  The 32-year-old playmaker, who left the Emirates for Fenerbahce in January, is adding a digital coin to his M10 brand.

  SunSport expects to officially launch its cryptocurrency in the coming days.

• CHINA PREVIOUSLY CLOSED CRYPTO EXCHANGE, PART TWO

  While the creation and trading of cryptocurrencies in China has been illegal since 2019, further raids in Beijing this year warned banks to suspend related transactions and shut down much of the country’s vast network of bitcoin miners.

  The central bank’s statement on Thursday sent the strongest signal that China is closed to cryptocurrencies.

• CHINA PREVIOUSLY CLOSED CRYPTO EXCHANGE

  It’s not Beijing’s first move against digital currency – China closed its local cryptocurrency exchanges in 2017.

  Despite the war on crypto, Chinese mines power nearly 80 percent of the world’s cryptocurrency trade.

• CHINAS CRACKDOWN AGAINST CRYPTO IS “GREAT OPPORTUNITY” FOR US

  China’s crackdown on cryptocurrency transactions is “a great opportunity for the US,” according to Pat Toomey, the top Republican on the Senate Banking Committee.

  This is due to the US Securities and Exchange Commission pushing for more regulations regarding cryptocurrencies.

• Imprisoned Bitcoin miner acted “out of greed”

  Singh was initially sentenced to 13 months and two weeks in prison in the UK.

  Andrew Baxter of the CPS said, “This is a most unusual case.”

  “In the vast majority of cases, we see crimes of drawing electricity to aid other criminal activities such as growing cannabis.”

  “Bitcoin mining is a legitimate legal business. Sanjay Singh acted out of greed.”

• BITCOIN MINER BUSY, CONTINUED

  The Crown Prosecution Service stated that Singh’s activities were first spotted when an electricity company investigated a fault in a substation caused by cryptocurrency mining that was overloading the system.

  The CPS released details of the case and said an inspection of Singh’s premises revealed that he had tampered with wiring to power over 200 devices.

  Investigations revealed that he had defrauded the electricity company out of tens of thousands of pounds of electricity.

  Singh committed the same offense at the Loughborough nightclub while the first offense was still under investigation.

  Singh was charged with double power drain and pleaded guilty to both offenses.

• BITCOIN MINER CAUGHT

  A Bitcoin miner was jailed after being caught stealing electricity in a sketchy cryptocurrency scam in the UK.

  Sanjay Singh, 40, admitted to having “abstracted” up to £ 32,000 worth of electricity at two locations where he operated bitcoin mining machines, Leicester Crown Court heard.

  The first location was on an industrial facility in Coalville and the other at the Firefly nightclub in Loughborough.

  The second was closed for the summer vacation.

• EXPERT COMMENTS ON THE VALUE OF TETHER

  Despite its claim to be a stablecoin, Tether has still seen spikes and sharp falls in price, noted Susannah Streeter, senior investment and market analyst at Hargreaves Lansdown, in May.

  She told The Sun: “It has also been criticized for a lack of transparency, has had to settle US lawsuits, and the currency is banned in New York state.”

• WHAT IS TETHER?

  The cryptocurrency Tether, also known as USDT, was officially launched as Realcoin in 2014, but has since changed its name.

  It is referred to as “stablecoin,” a type of cryptocurrency that aims to keep crypto values ​​stable.

  Tether wants to achieve this by pegging the price to a regular “fiat” currency such as US dollars, euros or the Chinese yuan.

  Tether claims to keep the values ​​stable by holding reserves in that currency with a bank.

• WHAT IS NUCYPHER? CONTINUATION

  This allows users to securely share private information with a range of other people.

  Holders of his token NU can use their tokens over the network to operate a node that is responsible for creating and sending information.

  Interestingly, NuCypher token is an ERC-20, which means that it is based on Ethereum.

• WHAT IS NUCYPHER?

  NuCypher was founded in 2015 by Michael Egorov MacLane Wilkison, but it wasn’t until 2019 that the public test network for NuCypher’s network started.

  NuCypher works specifically as a decentralized key management system using blockchain technology.

• NUCYPHER

  On Friday, NuCypher exploded intermittently by more than 1,100%, hitting a new all-time high of $ 3.5819.

  Profits cooled a bit from Friday morning, but the cryptocurrency is still up 400% to $ 1.52, according to CoinMarketCap.

• HOW VALUE IS THE CRYPTO-ECONOMY NOW?

  The crypto economy is approaching $ 3 trillion.

  This week, the crypto economy became worth more than Apple and Bitcoin became the sixth most valuable asset in the world.

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