Cryptocurrency Price News – Crypto hamster up after Elon Musk, Mr. Goxx and Dogecoin tweet as Bitcoin level on Coinbase

HAM crypto is skyrocketing today after picking hamster Mr. Goxx and Elon Musk as Bitcoin remains level on Coinbase.

Tesla CEO Musk tweeted “Hamster Has Crazy Talent !!” referring to the hamster of the creator of Dogecoin, Billy Markus.

After the tweet, HAM traded 464.46% higher at 0.000000000016 over 24 hours and climbed 453.2% and 458.74% against Bitcoin and Ethereum respectively, according to Benzinga.

Meanwhile, Bitcoin and Ethereum are going to be traded on Wall Street and Coinbase now allows user deposits to its accounts.

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 in the trading rooms, according to Money Control.

Bitcoin fell 5.5% and Ethereum plunged about 6% on Friday, according to Coinmarketcap.

But on Monday, the price of bitcoin has jumped nearly 5% since Sunday and Ethereum has jumped to 12%, Forbes reported.

Read our live cryptocurrency blog for the latest news and updates …

  • CRYPTOCURRENCY EXCHANGE HUOBI STOPPING NEW CONTINENTAL CUSTOMERS, CONTINUED

    Chinese regulators stepped up the crackdown on Friday, banning cryptocurrency transactions and mining, clarifying that foreign exchanges are not allowed to provide services to mainland investors via the internet.

    Huobi Global said in a statement that it will proceed with an orderly exit of its existing mainland customers on the assumption that the security of their assets is guaranteed.

  • HUOBI CRYPTOCURRENCY EXCHANGE STOP TAKING NEW CONTINENTAL CUSTOMERS

    Chinese cryptocurrency exchange Huobi Global said on Sunday that it stopped taking new clients from the mainland as of Friday.

    It terminates contracts with mainland customers by the end of the year to comply with local regulations.

  • 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 our 68 million users with the most trusted, comprehensive suite of crypto-premier financial services.”

  • 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 to them and “wholeheartedly” endorsed the program in a message to his 7 million Facebook followers.

  • 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.

  • STOCK IN CRYPTO COMPANIES FALLS AFTER CHINA’S ANNOUNCEMENT

    Shares of cryptocurrency-related companies Coinbase Global, MicroStrategy Inc, Riot Blockchain, and Marathon Patent Group fell after China’s central bank banned trading and mining of crypto.

    “It’s been a very volatile week to say the least, so I think as we approach the last week of September volatility should continue, especially with the end of quarter build-up,” said Peter Cardillo, Chief Markets Economist at Spartan Capital Securities in New York.

    Investors are also looking for signs of progress on President Joe Biden’s spending and bills.

  • ONE OF ETHEREUM’S CO-FOUNDERS NAMED AT TIME 100 MOST INFLUENTIAL PERSON

    One of Ethereum’s co-founders, Vitalik Buterin, was named one of the 100 Most Influential People of 2021 by Time magazine.

    Former Reddit executive chairman Alexis Ohanian praised him in a post for the article.

  • THE ‘MUSK’ EFFECT ON THE CRYPTO

    Elon Musk has once again been linked with activity in the crypto markets.

    Earlier this week, Telsa’s CEO tweeted about the arrival of his new Shiba Inu puppy, Floki.

    A few days later, the price of the Shiba Inu coin skyrocketed.

  • DOW JONES EXPERT ON THE WALL STREET CRYPTO TRADE

    Some cryptocurrencies will be introduced to trading floors on Wall Street, 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 .

  • RISKS OF INVESTING IN CRYPTOS, PART V

    Finally, the truth in Promotional material is a risk in investing in cryptos.

    Businesses may overestimate product returns or underestimate the risks involved.

  • RISKS OF INVESTING IN CRYPTOS, PART FOUR

    Another investment risk are charges and fees.

    Consumers should take into account the impact of fees and charges on their investment, which may be higher than those of regulated investment products.

  • RISKS OF INVESTING IN CRYPTOS, PART THREE

    A third risk of investing in cryptocurrencies is product complexity.

    The complexity of some crypto-asset related products and services can prevent consumers from understanding the risks.

    There is no guarantee that cryptoassets can be converted back to cash.

    The conversion of a crypto-asset into cash depends on the existing demand and supply in the market.

  • RISKS OF INVESTING IN CRYPTOS, PART II

    Another investment risk is price volatility.

    The high volatility of crypto-asset prices, combined with the difficulties inherent in a reliable valuation of crypto-assets, puts consumers at high risk of loss.

  • RISKS OF INVESTING IN CRYPTOs

    We have rounded up five risks of investing in cryptocurrencies.

    The first is Consumer protection.

    Certain investments announcing high returns based on crypto assets may not be subject to regulation beyond anti-money laundering requirements.

  • A HAMSTER CRYPTO-TRADING MARKET OUTPUTS THE MARKET

    A hamster in Germany trades cryptocurrencies and is currently outperforming the S&P 500.

    The furry animal, called Mr Goxx, has been working since June, thanks to a specially adapted cage.

    He determines which currencies to buy or sell by running on his wheel or walking through one of the two tunnels.

    Mr Goxx started trading on June 12 of this year and on Friday he was up 24% on the S&P 500, according to his Twitter page. @mrgoxx.

    The site states that the page is for fun and does not offer financial advice.

  • CRYPTOCURRENCY EXCHANGE HUOBI STOPPING NEW CONTINENTAL CUSTOMERS, CONTINUED

    Chinese regulators stepped up the crackdown on Friday, banning cryptocurrency transactions and mining, clarifying that foreign exchanges are not allowed to provide services to mainland investors via the internet.

    Huobi Global said in a statement that it will proceed with an orderly exit of its existing mainland customers on the assumption that the security of their assets is guaranteed.

  • HUOBI CRYPTOCURRENCY EXCHANGE STOP TAKING NEW CONTINENTAL CUSTOMERS

    Chinese cryptocurrency exchange Huobi Global said on Sunday that it stopped taking new clients from the mainland as of Friday.

    It terminates contracts with mainland customers by the end of the year to comply with local regulations.

  • THE DIFFERENCES OF TEZOS, CONTINUED

    “The apparent growth of non-fungible tokens (NFTs) has helped propel cryptos like Tezos out of niches in the cryptocurrency space,” said Myron Jobson, personal finance activist and interactive investor at The Sun.

    He adds that “more some investors have turned to other less established players like Tezos to experiment at a lower cost.”

  • THE DIFFERENCES OF TEZOS

    Tezos sets itself apart from other major cryptocurrencies, including Bitcoin and Ethereum, which use the proof-of-work blockchain in several key ways.

    According to Tezos, its proof-of-stake algorithm not only costs less, but is also more environmentally friendly.

  • HOT TIPS FROM “FRIENDS”

    Multilevel marketing scammers will often use the language of cryptocurrencies to trick people into joining as ‘members’.

    Cryptocurrencies don’t have members, they have investors.

    Avoid receiving investment advice from friends and family; Instead, turn to price tracking websites like CoinMarketCap, CoinGecko, or CoinPaprika, and always do your research before investing.

  • Dating app scams and crypto

    Some cryptocurrency fraudulent operations have started using dating apps to attract potential targets.

    In some reports, the crooks are said to present themselves as a long-distance love interest sharing a new cryptocurrency opportunity.

    About 20% of the money that was reportedly lost to dating scams over the past year was in cryptocurrency.

  • blockchain scams

    Cryptocurrencies operate on blockchain networks.

    Scammers often claim their blockchain is ‘in development’ or ‘about to be released’, but all legitimate cryptos will have an accompanying website to verify the currency.

    Users can type the name of the crypto into any search engine with the phrase “blockchain explorer” or “blockchain scan” to find the connected blockchain, if it exists.

  • 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.

About Kristina McManus

Kristina McManus

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