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    Cryptocurrency price news – ISO 20022 to be implemented by all federal banks as Shiba Inu coin ‘could be on RobinHood’

    THE US Federal Reserve revealed Monday that all federal banks are going to use the ISO 20022 system for Fedwire Funds Service, and rumors ran rampant the Robinhood may start listing Shiba Inu coin.

    “The Fed Board asks the public to comment on its plan to enable the FFS to start running on ISO 20022,” U.Today reported.

    Meanwhile, Shiba Inu coin saw more gains today after unconfirmed rumors that Robinhood might begin listing it spread, according to Stockhead.

    Federal Reserve chair Jerome Powell also announced Thursday that there are no plans to ban cryptocurrency in the US, and prices soared 10 percent.

    Meanwhile, in El Salvador, the country has made its first forays into Bitcoin mining using power generated by a volcano, according to a video released by state-owned geothermal electric company, LaGeo SA de CV.

    The first Bitcoin mining rigs have been installed in an energy factory there, where weeks ago, President Nayib Bukele made the cryptocurrency legal tender.

    Plus, Bitcoin and Ethereum are going to be traded on Wall Street and Coinbase is now allowing deposits in its accounts from users.

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

    • ENERGY EFFICIENT

      Myron Jobson, Personal Finance Campaigner, interactive investor, says that one of Hedra’s unique selling points is its purported energy efficiency credentials.

      He told The Sun: “Unlike the Bitcoin network which uses more in one year as the country of Argentina, analysis by Cambridge University suggests, Hedra claims to be a low carbon footprint public ledger.”

      “It is part of the InterWork Alliance’s (IWA) Sustainability Business Working Group which aims to aid global efforts on sustainability in the crypto space by in a number of ways, including standardizing carbon offsets.”

    • CRYPTO HACKERS STEAL $600MILLION

      Hackers recently stole $600 million in a daring cryptocurrency heist after spotting a “vulnerability” in a blockchain site.

      In one of the world’s biggest ever thefts, the cyber criminals exploited a weakness in Poly Network, a platform that looks to connect different blockchains so that they can work together.

      The site said the hackers have taken thousands of digital tokens such as Ether.

    • LITECOIN PRICE PREDICTIONS CONTINUED

      In 12 months’ time, the price of Litecoin could trade around $250, according to Wallet Investor.

      It isn’t until the end of 2026 when the price is predicted to break $500.

      Then there are more bearish cases from others such as LongForecast, which projects the price of Litecoin to range from just $85 to $106 at the end of 2024

    • LITECOIN PRICE PREDICTIONS

      In early May, Litecoin hit an all-time high of $412.96 – the closest it has ever gotten to the $500 mark.

      Now, however, Litecoin trades around just $175.

      For some, if the crypto space is able to keep up the momentum (as seen in the past month), it might just be a matter of when.

      The most bullish forecast comes from PrimeXBT, which made a bold prediction in July for 2021: “If support can hold, after some sideways price action Litecoin could explode to around $3,000 per coin.”

      But others aren’t as sanguine on the cryptocurrency surpassing the $500 mark by the end of 2021.

    • LITECOIN CONTINUED

      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.

      Currently, Bitcoin commands a market capitalization of more than $900 billion, while Litecoin’s sits under $12 billion.  

    • WHAT IS LITECOIN?

      As the name indicates, the cryptocurrency is small.

      But 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.

    • CAN YOU DAY TRADE CRYPTO ON ROBINHOOD?

      Yes, 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.

    • ROBINHOOD: WHAT IS IT?

      The Robinhood platform operates as a discounted brokerage that offers commission-free trading.

      Specifically, users can trade exchange-traded funds (ETFs), individual stocks (including American depositary shares), and options.

      You can also trade Robinhood’s stock thanks to the company recently going public at a $1.2billion valuation.

      Unlike many discounted brokers, the company does not offer individual retirement accounts.

      The bulk of Robinhood’s revenue comes from order flow.

    • REGULATED BY THE IRS

      The IRS classifies crypto as property. This is for the purpose of federal income tax.

    • ROBINHOOD: THE RISKS, CONTINUED

      For investing individual stocks, make sure you check company reports, Securities and Exchange Commission (SEC) filings, broker notes, and press releases so you can make the best decisions for your money.

      Another risk when choosing Robinhood along with other brokers is that they can restrict trading when there’s unusual activity.

      In fact, Robinhood faced some outrage earlier this year when it restricted trading on meme stocks including GameStop and AMC.

      In July, the platform was also ordered to pay nearly $70million in fines and compensation for misleading customers and outages.

      If you are seeking a discount broker and are looking to open an IRA account, you can check out the following platforms: Vanguard, FidelityTD Ameritrade, Merrill Edge, among others. 

    • ROBINHOOD: THE RISKS

      When it comes to risks, investing alone is one because you’re not guaranteed to generate a profit and the value of your assets could fall.

      If you’re choosing Robinhood so you can trade stocks and cryptocurrencies – then the game gets even riskier.

      Cryptocurrencies are not only difficult to understand but even tougher to predict when bearish trends in the market will take place.

      For example, cryptocurrency was thriving this year up until Elon Musk said that Tesla was halting the acceptance of payments in Bitcoin.

      Since then, the crypto spaced has endured volatility.

    • HELIUM ON THE RISE

      Helium crypto price predictions have soared and may be the next cryptocurrency to explode in 2022.

      Experts have predicted it will be a lucrative investment in the crypto space. as price predictions heated up before the big launch this week because the network connects people through shared hot spots.

    • CAN BITCOIN REACH $70K?

      Some are wondering how high the price of Bitcoin can reach in 2021 – and that will depend on how it trends for the rest of 2021.

      To reach $70,000, Bitcoin would have to surge by 63% in the last three months of the year.

      That’s not an impossible task by any means but things would have to start trending the right way.

      As things currently stand, many forecasters think Bitcoin will fall short of the $70,000 mark at the end of the year but reach or break that point not too far after.

    • US NOT TO FOLLOW CHINA

      SEC Chair Gary Gensler said the US will not ban digital tokens, like China has.

    • TEZOS IS DIFFERENT, CONTINUED

      “The apparent growth of non-fungible tokens (NFTs) has helped to propel cryptos like Tezos from the niches of the cryptocurrency space,” Myron Jobson, a personal finance campaigner, and interactive investor told The Sun.

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

    • TEZOS IS DIFFERENT

      Tezos makes itself distinct from other major cryptocurrencies including Bitcoin and Ethereum, which uses proof-of-work blockchain in a few key ways

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

    • NFT’S CONTINUED

      Crypto commentator Jonathan Marriott said NFTs provide a legitimate way of verifying ownership and tracking the origins of an item.

      He said: “An NFT lets you record where and when something is made and track the whole process to verify that it is legitimate.

      “The public blockchain element makes it irrefutable. No-one can fake it.”

    • NFT: WHAT IS IT?

      An NFT is an asset purchased with online cryptocurrency.Owning an NFT means possessing an original work posted to the internet, which can include memes, art, or photos.

      NFTs digitize a piece of work and get stored on the blockchain.That means it cannot be replicated and is unique to whoever owns it.

    • 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.

    • CASPER ON THE RISE

      Casper (CSPR) cryptocurrency has skyrocketed today as people ask how to buy the coin while Bitcoin soars on Coinbase.

      Over the past 24 hours, CSPR crypto has appreciated 15% in value, according to Investor Place, but crypto sites vary on price predictions for the currently successful coin.

    • NEWFOUND OPTIMISM WITH ETF

      “There is some newfound optimism around the launch and approval of an ETF in the US,” Matthew Dibb, chief operating officer and co-founder of Stack Funds said, according to CoinDesk.

      Meanwhile, in the past month, the popular cryptocurrency has dropped 12%.

      Bitcoin and other major cryptocurrencies like Ethereum tumbled last week on China’s ban on all cryptocurrency transactions.

      But still, the euphoria in the cryptocurrency has outweighed the bearishness in the past 12 months overall.

    • RISKY BUSINESS

      Remember that buying cryptocurrencies is always a risky business, and you should only invest what you can afford to lose.

      They are extremely volatile, and your cash can fall as well as rise in the blink of an eye.

      It’s important to only invest in things you understand, and some products and cryptocurrency services can be very complex.

      Before investing you should do your research as cryptocurrency firms aren’t regulated like other financial companies.

      This means that you won’t have any protection if things go wrong and you could lose all of your money.

    • FTX FOUNDER IS YOUNGEST ON FORBES LIST OF RICHEST AMERICANS

      Sam Bankman-Fried has a net worth of $22.5billion. He created FTX, a crypto exhange.

    • CHINA’S CRACKDOWN ON CRYPTO: ‘BIG OPPORTUNITY’ FOR US

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

      This comes as the US Securities and Exchange Commission lobbied for more regulations when it comes to cryptocurrency.

    • CHINA SHUT DOWN CRYPTO EXCHANGES PREVIOUSLY, CONTINUED

      While crypto creation and trading have been illegal in China since 2019, further crackdowns this year by Beijing warned banks to halt related transactions and closed much of the country’s vast network of bitcoin miners.

      Thursday’s statement by the central bank sent the strongest yet signal that China is closed to crypto.

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