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Cryptocurrency news live – NFT costs as crypto price for Bitcoin, Shiba Inu, Ethereum & other coins listed… – The US Sun

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THE price of Bitcoin is up to $48,638.99 today after it rose 8.66 per cent in the past seven days.
It comes as Shiba Inu coin has spiked up in value after being added to Coinbase, as its rival DogeCoin dropped.
The coin has risen by 35 per cent this week.
Meanwhile, the "meme" Dogecoin has gone down 5.8 per cent over the last week.
However, Dogecoin is still the largest meme-based crypto asset in terms of market capitalization, according to Bitcoin.com.
Read our cryptocurrency live blog for the latest news and updates…
WILL SHIBA INU'S PRICE RISE?
The value of Shiba Inu is currently sitting at $0.000008384 and it's up by more than 25% over the past 24 hours, according to CoinMarketCap.
In comparison, the tokens hit their highest ever level at $0.00003641 on May 11 – but they have since dropped in value.
It's difficult to predict how Shiba Inu's price will change in future due to a wide number of factors affecting it.
This includes regulatory crackdowns around the world, comments by high profile individuals such as Elon Musk, and other developments.
WHAT IS SHIBA INU COIN?
Shibu Inu is a cryptocurrency token that allows users to hold trillions of them.
The tokens feature the same Shiba Inu dog as Dogecoin, which has rocketed in popularity recently.
Whether you've already invested or not, keep in mind that making money through cryptocurrencies or other investments is never guaranteed.
Cryptocurrencies are especially volatile, so their values can crash with little to no notice.
WHERE DOES COINBASE REVENUE COME FROM?
The majority of Coinbase's revenues come from Bitcoin and Ether on the Ethereum blockchain.
They are currently the number one and number two cryptocurrencies on the market, according to MarketWatch.
PAYPAL LAUNCHES CRYPTO SERVICE IN UK
PayPal had launched its cryptocurrency service in the UK.
Beginning Friday, UK users are now able to buy, hold and sell digital currencies.
Crypto operations began in the US last October.
COINBASE BRINGING IN ASSETS
According to MarketWatch, Coinbase has been attempting to increase activity and trading revenue by bringing on assets like Shiba Inu.
The platform only recently added Dogecoin as well.
The moves come after a number of rival exchange platforms added the popular cryptocurrencies to their rosters.
WHY DID SHIBA INU SPIKE?
Shiba Inu coin was added to Coinbase, the crypto trading platform, earlier this month.
Investors had been suspecting that the coin would spike in price after being listed.
It also often draws more value when it is discussed on social media because of hype that surrounds it, according to Deseret.
CARDANO PREDICTIONS
How much Cardano, also known as ADA, will rise or fall in future is impossible to know for sure, but plenty of experts have made predictions.
It's important to take the predictions with a pinch of salt though, as they're nowhere near guaranteed.
For example, CoinPriceForecast estimates Cardano will hit $3 by the end of 2021 and $5 by the end of 2024.
It then expects it to rise further by 2031, when the value could hit $10.
Meanwhile, WalletInvestor has a one-year forecast for Cardano of $3.093 and a five-year forecast of $9.774.
ETHEREUM UPGRADE
Ethereum (ETH) was released in 2015 and is currently the second-largest cryptocurrency behind Bitcoin, which launched in 2009.
As well as being used as a cryptocurrency, developers can also build applications and run smart contracts on Ethereum.
The upgrade is technically called Ethereum Improvement Protocol 1559, or EIP-1559, but it has also been named the "London hard fork."
WILL ETHEREUM OVERTAKE BITCOIN?
It's difficult to say for certain, but it's possible Ethereum one day overtakes Bitcoin as the dominant crypto, according to Goldman Sachs.
Last month, the bank said Ether "looks like the cryptocurrency with the highest real use potential as Ethereum, the platform on which it is the native digital currency, is the most popular development platform for smart contract applications," reports Business Insider.
Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, added to The Sun: "Bitcoin may boast the strongest brand in the crypto world but it doesn’t provide the same opportunities as a launch pad for decentralised apps."
WHAT ARE THE RISKS OF CRYPTO?
Cryptoassets are also complex to understand, making them dangerous for those who aren't in the know.
They're also extremely high risk due to their volatility, meaning they can go up as well as down, so you should only invest if you can afford to lose the cash.
Investors should be wary they risk losing all of their money if they put cash in Bitcoin and other cryptocurrencies.
WHAT IS SOLANA?
Solana is a challenger to Ethereum as the blockchain of choice for building decentralized applications.
Similar to rivals such as Cardano, the project claims to offer a faster and more efficient alternative.
The idea and initial work of Solana began in 2017, but it didn't officially launch until March 2020.
LITECOIN VS. BITCOIN
Litecoin, which was established in 2011 by Google engineer Charlie Lee, operates similarly to Bitcoin.
Mr Lee on occasions refers to Litecoin as the “silver to Bitcoin's gold.”
The two cryptocurrencies act similarly in how their global payment operations are set up. Both are not controlled by financial institutions.
Like most cryptocurrencies, Litecoin uses blockchain technology for processing and recording transactions.
While Litecoin is smaller, it is a quicker and cheaper alternative when compared to Bitcoin.
WHAT ARE THE MOST VALUABLE COINS?
Cryptocurrency prices 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 are Bitcoin and Ethereum but 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.
PREDICTING ETHEREUM PRICE CHANGES
How the price of Ethereum will change in the future is impossible to know for certain, but experts and investors have still made predictions.
According to a panel of 42 cryptocurrency experts by comparison site Finder, Ethereum could be worth $4,596 by the end of 2021.
It could then soar above $10,000 later on to hit $17,810 by the end of 2025 and $71,763 by the end of 2030.
EXPERTS WEIGH IN ON ALCHEMY PAY AND BINANCE
Shaun Heng, vice president of growth and operations at CoinMarketCap told The Sun that it's challenging to assess the risk of many crypto projects like Alchemy Pay.
And while he isn't a fan of Alchemy Pay's crypto-linked cards, he did tout one its partners Binance, which is the largest crypto exchange by trading volume globally.
Heng said: "The partnership with Binance is most definitely a good sign of validation for the project."
THE 'MUSK' EFFECT ON CRYPTO
Elon Musk has once again been linked to activity in the crypto markets.
Earlier this week, the Telsa CEO tweeted about the arrival of his new Shiba Inu pup, Floki.
Just days later, the price of Shiba Inu coin was skyrocketing.
WHAT COULD CONTRIBUTE TO SHIBA INU'S VALUE?
In May, the value of Shiba Inu soared after Binance announced it would list the coins on the crypto platform.
Its value rose again on September 17 after it began trading on Coinbase.
It means the price could rise once again if it's successful in listing on other recognized platforms such as eToro.
EXPERTS DIFFER PREDICTING SHIBA INU'S VALUE
Plenty of cryptocurrency fans have predicted Shiba Inu's value for 2022, but you should take it with a pinch of salt as it's nowhere near guaranteed.
For example, crypto website Wallet Investor expects a value of up to $0.000018 in a year's time.
Meanwhile, Coin Price Forecast expects it to hit a value of $0.00002336 by the middle of next year.
It then expects it to end the year at a slightly higher level of $0.00003037.
EXPERTS PREDICT POLYGON'S GROWTH
How the price of Ethereum will change in the future is impossible to know for certain, but experts and investors have still made predictions.
Charlie Barton, investment specialist at comparison site Finder, warned in mid-May: "The performance of Polygon has been extremely strong recently, achieving 10,000% growth in the last year.
"It’s easy to get carried away, but such aggressive growth is highly unlikely to continue forever."
CAN YOU TRADE CRYPTO ON ROBINHOOD?
Unlike most of its discount rivals, Robinhood offers 24/7 crypto trading through its platform.
That means you’ll have access to trade major cryptocurrencies including, DogecoinEthereum, and Bitcoin.
Its crypto investors can buy or sell with a market order, which means it's executed at the current market price.
ARE SANCTIONS COMING?
The Biden administration is reportedly preparing to issue sanctions to make it more difficult for hackers to profit off of ransomware attacks using digital currency.
The Wall Street Journal reported that the Treasury Department may issue the new sanctions as early as next week.
They'd reportedly target specific traders and cryptocurrency exchanges in an effort to deter exchanges from processing the transactions when they're made.
SHIB COIN HINTS AT THINGS TO COME
Something special is in the works#Shibtastic things are on the way
Stay tuned for all the perks! 🎨
All for the #ShibArmy to play! 🤹‍♀️ pic.twitter.com/kBR2Ug9oMU
WILL SHIBA INU COIN CONTINUE TO CLIMB?
It's unclear at this time if Shiba Inu coin's value will continue to climb.
Experts point out that there is still some risk associated with "memecoins."
"Memecoins are highly volatile cryptocurrencies that are known to witness sharp movements based on news events," according to Mint.
SHIBA INU STRIVES TO BE ALTERNATIVE TO DOGECOIN
Shiba Inu coin now operates on its own Etherem blockchain.
The currency strives to be an Ethereum-based alternative to Dogecoin by supporting an NFT art incubator and other projects on its decentralized exchange known as Shibaswap, according to Yahoo! Finance.
WHERE DOES COINBASE REVENUE COME FROM?
The majority of Coinbase's revenues come from Bitcoin and Ether on the Ethereum blockchain.
They are currently the number one and number two cryptocurrencies on the market, according to MarketWatch.
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Crypto market volatile; Terra Classic Lunc leads the laggards, Bitcoin above $19k | Mint – Mint

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  • The American currency scaled past the 111 level against a basket of currencies — making cryptocurrencies against the greenback vulnerable as well. Currently, there is a steep plunge in trading volumes of cryptocurrencies.

Cryptocurrencies are trading volatile tracking feeble global equities after recession fears in major economies like the US and Europe sparked. The US Fed’s aggressive approach to tame inflation at the cost of economic growth further dampened the mood. Fed has hiked the rate by another 75 basis points. Wall Street and European stocks slipped sharply last week, while energy prices settled lower and bond yields climbed to multiyear highs. The American currency scaled past the 111 level against a basket of currencies — making cryptocurrencies against the greenback vulnerable as well. Currently, there is a steep plunge in trading volumes of cryptocurrencies.
On CoinMarketCap, at the time of writing, the global crypto market is at $939.57 billion up by 0.28% over the last day. However, total crypto market volume dropped nearly 37% over the last 24 hours and is at $49.82 billion.
Meanwhile, the total volume in DeFi is currently at $3.11 billion — 6.25% of the total crypto market 24-hour volume. The volume of all stablecoins is now $45.65 billion which is 91.63% of the total crypto market 24-hour volume.
Ethereum is the top trending cryptocurrency today followed by PancakeSwap and XRP.
The crypto leader Bitcoin is trading at a little over 19,000 mark at $19,090 up by 0.5%. Its market cap is nearly $366 billion. The digital coin’s dominance is currently up by 0.12% over the day at 38.95%.
Meanwhile, the second largest cryptocurrency Ethereum is performing near $1,331 and is up by 0.75%. Its market cap is around $163.3 billion.
Recently, Ethereum launched the most-awaited Merge which led to a transition of proof-of-stake consensus, officially deprecating proof-of-work and reducing energy consumption by ~99.95%.
Data from Coinglass showed that Ethereum has liquidated more than $759 million since September 15.
However, both Bitcoin and Ethereum have dipped by nearly 5% and 9% respectively in the last seven trading sessions.
Among top-performing cryptocurrencies in the last 24 hours are — Reserve Rights climbing by 9.5% followed by Chainlink up 5.5%. Algorand, Chiliz, and eCash surged by 4-5.5%.
On the other hand, Terra Classic Lunc took lead in the laggards list by plunging more than 7%, followed by XDC Network shedding nearly 5%, Stellar and DogeCoin tumbling more than 3% each. Axie Infinity, Helium, Nexo, Celsius, and Synthetix dived between 2-3%.
Terra tokens are under pressure as currently, Terraform Labs CEO Do Kwon is facing multiple jurisdictions. An arrest warrant has been issued by the Seoul Southern District Prosecutors Office against Kwon who is the forefather of TerraUSD algorithmic stablecoin and sister token Luna that wiped out reportedly $60 billion in the cryptocurrency market. Kwon’s whereabouts are unknown, although, the co-founder of Terra tokens denied rumours of being on the ‘run’ from government agencies.
Last week, US Fed in its latest policy statement said, “the Committee is highly attentive to inflation risks.”
FOMC further said, in support of these goals, the Committee decided to raise the target range for the federal funds rate to 3 to 3-1/4 percent and anticipates that ongoing increases in the target range will be appropriate. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt, and agency mortgage-backed securities, as described in the Plans for Reducing the Size of the Federal Reserve’s Balance Sheet that was issued in May.
FOMC is committed to returning inflation to its 2% objective.
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Bitcoin news – live: Price crash continues as crypto ‘stable’ coin UST uncouples from dollar – Yahoo News

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Canadian Crypto Exchange Sues Users for Return of Bitcoin Misappropriated During Software Glitch – Exchanges Bitcoin News – Bitcoin News

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by Kevin Helms
Canadian crypto exchange Coinberry, part of Kevin O’Leary’s Wonderfi, has sued 50 customers for the return of the bitcoin they obtained without paying during a software glitch. “Coinberry contacted all of the said 546 affected registered users by email and demanded the return of the misappropriated bitcoins,” the lawsuit details.
Canadian cryptocurrency exchange Coinberry has reportedly sued its customers who took advantage of its software glitch and obtained bitcoin without paying.
Coinberry, a regulated crypto trading platform, is owned by Vancouver-based Wonderfi Technologies Inc., a company backed by Shark Tank star Kevin O’Leary.
The lawsuit, filed in Ontario in June, explains that during a software upgrade in 2020, Coinberry accidentally let users buy BTC with Canadian dollars that had not properly transferred to their accounts.
The exchange detailed that during the software glitch, customers could initiate an Interac e-transfer, get the amount credited to their Coinberry accounts, buy BTC, transfer the coins out, and cancel the original e-transfer. By doing so, they retained their funds while getting bitcoin for free.
According to Coinberry, 546 users were able to acquire a total of about 120 bitcoins altogether without paying for them before the software issue was fixed. The lawsuit states:
Coinberry contacted all of the said 546 affected registered users by email and demanded return of the misappropriated bitcoins.
“Coinberry was able to secure the return of approximately 37 of the misappropriated bitcoins from 270 of the affected registered users,” the lawsuit continues.
Some customers transferred their ill-gotten bitcoin to Binance, the Canadian exchange further noted, adding: “Coinberry also immediately contacted Binance.” The lawsuit detailed:
Binance acknowledged that it had identified a quantity of the misappropriated BTC and undertook to restrict any access to the accounts.
The Canadian crypto trading platform said it has yet to recoup two-thirds of the lost BTC from hundreds of customers.
The lawsuit seeks the return of 63 bitcoins from 50 customers, including 9.48 BTC that were transferred to Binance. Coinberry said its list of misappropriated bitcoins provided in the lawsuit does not include people who have taken and not yet returned amounts under $5,000, as valued in May 2020.
The company further noted that the largest amount misappropriated and not returned was $385,722.31 by two accounts under the names Jordan Steifuk and Connor Heffernan, which the Canadian crypto exchange said are actually the same person.
Do you think customers should give Coinberry back the BTC they took for free during the software glitch? Let us know in the comments section below.
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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