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    Cryptocurrency latest news – Bitcoin price down today on Coinbase as Suex exchange sanctioned for ‘assisting in heists’

    BITCOIN continues to be down today on Coinbase as Suex exchanged is sanctioned for “assisting in heists.”

    The US Treasury announced that it would sanction the cryptocurrency exchange for its “alleged role in laundering ransoms for cyberattacks” according to CNBC.

    Yesterday, Bitcoin dropped below $44,000 today as the entire market cap drops more than 8percent in one day.

    The crypto dropped 10 percent to under $43,000 on Monday morning.

    It was recently up to $48,638.99 after it rose 8.66 percent over the past week.

    The tumble comes as Shiba Inu coin has spiked up in value after being added to Coinbase, as its rival DogeCoin dropped.

    Meanwhile, the “meme” Dogecoin has gone down 5.8 percent over the last week.

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

    • 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.

    • 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, Dogecoin, Ethereum, and Bitcoin.

      Its crypto investors can buy or sell with a market order, which means it’s executed at the current market price.

    • 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.”

    • 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.”

    • MORE RISKS OF INVESTING IN CRYPTOS

      • Charges and fees: Consumers should consider the impact of fees and charges on their investment which may be more than those for regulated investment products.  
      • Marketing materials: Firms may overstate the returns of products or understate the risks involved.
    • RISKS OF INVESTING IN CRYPTOS

      Below we round up five risks of investing in cryptocurrencies.

      • Consumer protection: Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements. 
      • Price volatility: Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses.
      • Product complexity: The complexity of some products and services relating to cryptoassets can make it hard for consumers to understand the risks. There is no guarantee that cryptoassets can be converted back into cash. Converting a cryptoasset back to cash depends on demand and supply existing in the market. 
    • VOLATILE PRICES

      Myron Jobson, personal finance campaigner of Interactive Investor, told The Sun: “It is difficult to predict the price of a something that has an intrinsic value of zero.

      “All it takes is a tweet from high-profile individuals who have significant influence on sentiment to cryptos to drive up demand.

      “But greater regulatory scrutiny on cryptos threatens to hamper the growth potential of the Shiba Inu.”

    • WHAT WILL SHIBA INU BE WORTH IN 2022?

      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.

    • 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.

    • 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.

    • FAKE WEBSITES

      Another widespread scamming technique is websites that appear to be a new cryptocurrency mining operation or investment opportunity.

      These sites encourage investors to wire in money, sometimes offering investment “tiers” and promising greater returns.

      But when users attempt to withdraw their cash, they are unable to and told to input even more cryptocurrency.

    • DATING APP SCAMS

      Some scam operations have even started using dating apps to reel in potential targets.

      In some reports, scammers would pose as a long-distance love interest sharing a hot new crypto opportunity.

      About 20 percent of the money reportedly lost through dating scams in around the last year involved cryptocurrency.

    • GIVEAWAY SCAMS

      Giveaway scams often pose as celebrities or well-known figures and ask victims to send Bitcoin, promising to send back a much larger amount.

      Many giveaway scams are marketed over social media, attempting to connect through Facebook, Twitter, or Instagram.

      For instance, victims reported sending more than $2million to scammers impersonating Elon Musk.

    • POSING AS AN AGENCY OR BUSINESS

      As noted by Inverse, Many phishing scams will attempt to impersonate a government agency or business to get your attention.

      Some reports to the FTC said victims were contacted by scammers pretending to be the Social Security Administration and asked to deposit money into Bitcoin ATMs.

      Other victims lost money to scammers posing as the cryptocurrency company Coinbase.

    • CRYPTO SCAMS

      While the growth of Bitcoin has skyrocketed in some bank accounts, it’s also fueled the growth of crypto-related fraud operations.

      The FTC reported that since October of 2020, nearly 7,000 people have reported losses of more than $80million in the US due to cryptocurrency scams.

      That number is around 12 times, or 1,000 percent more than reported losses from the period a year earlier.

    • EXPERTS PREDICT POLYGON’S GROWTH

      How the price of Ethereum will change in the future is impossible to know for certain.

      However, experts and investors have made some predictions.

      Charlie Barton, an 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.”

    • 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.”

    • ALEXIS OHANIAN ON CO-FOUNDER OF ETHEREUM, VITALIK BUTERIN, PART THREE

      “I’ve never been more excited about the potential of the Internet,” Ohanian added.

      “And that’s largely thanks to Vitalik Buterin.”

      Buterin is the co-founder of Ethereum and also co-founded Bitcoin Magazine in 2011.

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

      “No one person could’ve possibly come up with all of the uses for Ethereum, but it did take one person’s idea to get it started,” Ohanian added about Buterin.

      “From there, a new world has opened up, and given rise to new ways of leveraging blockchain technology—some of which I’ve invested in.”

      “Whether it’s startups like Sorare reinventing fantasy sports or Rainbow users showing off their NFT collections, none of this would’ve existed without Vitalik’s creation.”

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

      “Thanks to Reddit’s r/Ethereum community, I’ve had the privilege of following Vitalik Buterin’s career from early on, which is why I’ve taken a certain pride in watching his legacy grow,” Ohanian wrote of the programmer.

      “Sure, we can talk about the value he’s created as the platform’s co-founder, including Ethereum’s impressive market cap of around $400 billion, the dazzling world of decentralized apps and this year’s boom in the trading of NFTs.”

      “What makes Vitalik so special, though, is that he is a builder’s builder.”

    • ONE OF THE CO-FOUNDERS OF ETHEREUM NAMED A TIME 100 MOST INFLUENTIAL PERSON

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

      Former executive chair of Reddit Alexis Ohanian praised him in a write-up for the piece.

    • 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 of pocket in cash and other cryptocurrencies as he unwittingly ended up backing the scam.

      Seagal reportedly had been offered $250,000 along with £750,000 worth of B2G for appearing in promotional materials for the con artists.

      He appeared in a press release for them and “wholeheartedly” endorsed the scheme in a post to his 7million followers on Facebook.

    • WHAT ARE THE MOST VALUABLE COINS?

      When it comes to crypto, the most valuable coins are Bitcoin and Ethereum.

      However, there are lots of alternatives or altcoins aiming to benefit from crypto interest.

    • CRYPTO VALUES HIT HIGH THIS YEAR

      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.

      Values can be volatile though and regulators have warned that investors could lose all their money.

    • DOGECOIN GROWING

      The “meme” crypto Dogecoin has gone down 5.8 percent over the last week.

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