Crypto 9ite
Extreme euphoric highs, and devastatingly intense lows. Investing in and trading cryptocurrencies has become increasingly popular by retail investors over the past several years, and compulsive betting in the crypto marketplace has become progressively problematic across the globe. Given that Bitcoin was implemented in and is still relatively new, little research has been conducted in the field of psychology for its propensity towards addiction. Cryptocurrency addiction has thus far been categorized by addiction experts as a sub-type of day-trading addiction, with similarities to gambling addiction, referred to clinically as a gambling disorder. Just as there is nothing inherently wrong with investing in the stock market, playing poker, or having some alcoholic beverages on occasion.
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Crypto 9ite
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- CRYPTO CRASH
- The high price of a crypto salary
- Shiba Inu Cryptocurrency at Record High Sunday Night, Tumbles After Musk Tweets He Doesn’t Own Any
- S5 E48 | 12/21/17
- Staples Center officially becomes Crypto.com Arena as Lakers prepare to take on Nets
- Bitstamp CEO and Starling old COO: “Cryptocurrencies are the new neobanks”
- CRYPTO.COM TO LAUNCH EXCLUSIVE SERIES OF UFC NFTs
- Day trading in crypto keeps young Indians busy at night
- Someone stole $120 million in crypto by hacking a DeFi website
- Telegram Abused to Steal Crypto-Wallet Credentials
CRYPTO CRASH
Ryan Haar is a former personal finance reporter for NextAdvisor. She previously wrote for Bloomberg News, The…. For starters, they both have a cryptocurrency named after them. Actually, PutinCoin and Whoppercoin might be the only thing they have in common.
Cryptocurrencies like Bitcoin and Ethereum have a growing track record of holding and increasing in value over time, though recent dips have wracked the market , while lesser-known cryptos are considered much more speculative and unpredictable. And while PutinCoin and Whoppercoin belong to a category of cryptocurrencies marked more for their absurdity than their potential as either an investment or cryptocurrency, they show just how unique different types of cryptocurrencies can be.
In general, cryptocurrencies can be grouped by utility: What is the purpose of the cryptocurrency? What is its value proposition? What is it for? Uehlein regularly talks to clients about investing in cryptocurrency. There are thousands of cryptocurrencies, most with very little value and unclear potential. Many advisors recommend investors stick to Bitcoin and Ethereum — if any — and pass on the smaller cryptos.
Leading cryptocurrency news outlet CoinDesk maintains a Coindesk 20 list of the most popular cryptocurrencies currently being bought and sold. This list includes cryptocurrency assets and networks by their most common names. Some, like Bitcoin BTC , have one name for both the blockchain network and the cryptocurrency. Others, like Ethereum, are named for the broader blockchain network, but have a different name for their associated native cryptocurrency Ether, or ETC, in the case of Ethereum.
Updated quarterly, the list ranks cryptocurrencies based on dollar volume and other data from third-party cryptocurrency exchanges , where people can buy and sell different cryptocurrencies. Note: This list was last updated — using the Coindesk 20 — on Nov. Bitcoin As the first cryptocurrency, Bitcoin BTC is also the most popular and highly valued, despite high volatility over the course of its history. Bitcoin was initially created to be used as a digital payment system, but experts say it is still too volatile to be used for that.
Ether ETH is the cryptocurrency of the Ethereum network, an open-source blockchain upon which developers can build apps and other cryptocurrencies. Built for digital payments, XRP touts itself as a faster and more efficient way to power global payments. Tether USDT is a stablecoin and was one of the first cryptocurrencies to tie its value to a fiat currency, in this case the U.
Tether is also the largest stablecoin by market capitalization. Cardano ADA uses a technology called Ouroboros, a peer-reviewed blockchain protocol. It describes itself as a more secure and scalable way to maintain decentralization. Polkadot DOT says its mission includes allowing different blockchains to exchange information and transactions with one another.
Its website plays up data and identity security and users being in control. USD Coin is tied to the U. Dollar, which makes its price much more stable than other cryptocurrencies. That stability lends itself more toward digital payments, while other cryptocurrencies have more potential to increase in value as investments along with more risk of losing value, of course.
Tesla CEO Elon Musk has weighed in on Dogecoin, which helped drive its surge in value and popularity before it fell back dramatically in the second half of the year. In its simplest terms, decentralized finance refers to financial activities conducted without the involvement of a traditional bank.
It can seem counterintuitive — where else would you go for a loan, if not an established lender? The appeal of this happening outside the conventional — or centralized — finance system depends on who you ask. Many Americans may not understand the appeal of a finance system that operates beyond government control. Just like there are different types of accounts and tools in conventional finance — from savings accounts to investment accounts to credit cards — that are used for different purposes, different cryptocurrencies can have similarly unique uses in this emerging decentralized finance system.
Where conventional loans involve humans at a bank who take part in processing, reviewing, and approving loans, a DeFi loan — with funding in the form of cryptocurrency — could run via app on a network like Ethereum with an algorithm processing it. Unlike the money kept in a bank account, money you have in crypto may not be FDIC insured.
With that in mind, here are some of the broad categories of cryptocurrencies that tend to organize the market. Digital gold refers to cryptocurrency comparable to real gold in its ability to store and increase in value. The primary example of a digital gold cryptocurrency is Bitcoin , though that was not its original intention. Bitcoin was originally put forth as an electronic peer-to-peer cash system, but its volatility, among other things, limited its potential for that purpose.
Internet money is exactly what it sounds like — you use it to buy things over the internet. Bitcoin was originally intended to be digital cash, but speculation led to the creation of another cryptocurrency, Bitcoin Cash a variation of Bitcoin. Was it gold or was it cash? But the group that wanted Bitcoin to remain internet money split off — or forked, in crypto parlance — the currency and created Bitcoin Cash. The network is devoted to digital payments with faster processing and lower fees.
Though Bitcoin Cash is designed and intended for transactions, its price is still volatile and probably not your best option for making or receiving payments. Ethereum represents another type of cryptocurrency: It operates as a cryptocurrency network and along with its native cryptocurrency, Ether, offers a programmable crypto environment for developers.
Investors can buy Ether just like they can buy Bitcoin , hoping it increases in value. One example is the creation of NFTs — nonfungible tokens — that caught the attention of people far beyond the cryptocurrency community this year. NFTs are Ethereum-based digital assets, which hold value based on demand and supply on the Ethereum network.
A stablecoin pegs its value to some other currency or commodity. A digital fiat represents a fiat, or government-backed, currency on the blockchain, says Moore. One of the most popular examples of a digital fiat is Tether, a cryptocurrency whose value is pegged to the U. A digital fiat like Tether comes in handy when you want to quickly move your assets within a cryptocurrency exchange. For example, if you think the market for smaller, more unpredictable coins is going to crash, you might put your money in a stablecoin like Tether, and then buy back at a lower price after the crash, says Moore.
Stablecoins enable the exchange to flow better, says Moore. Taking the previous example, you could theoretically cash out your smaller coins for actual dollars, and then reinvest those dollars after the crash, but it could take days to convert your coins into dollars and back again, says Moore.
There are thousands of cryptocurrencies available. Many of them have little to no value, and no discernable value proposition, which lands them in the category of memecoins.
Experts recommend avoiding investing in this category of coins and sticking with more well-known options like Bitcoin or Ethereum , if you decide to invest in crypto at all. Whoppercoin and PutinCoin fall into this category of cryptocurrencies, as does another famous memecoin of recent fame: Dogecoin. I would like to subscribe to the NextAdvisor newsletter.
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The high price of a crypto salary
Hong Kong CNN Business Bitcoin and other cryptocurrencies are plunging as anxiety spreads through the market — this time, after China took more steps to crack down on the digital coins. More Videos Bitcoin plunges as China's crypto crackdown widens. These GameStop traders struck gold. Then came the hard part. Strategist: Fed needs to protect economy, not the stock market.
Shiba Inu Cryptocurrency at Record High Sunday Night, Tumbles After Musk Tweets He Doesn’t Own Any
How much is a meme worth to you? Part of the reason for that fluctuation — and the sky-high prices — is Elon Musk and his appearance on Saturday Night Live. Dogecoin was created in , at a time when two new discoveries were all the rage. One was Bitcoin, the pioneering cryptocurrency that saw its price rapidly accelerate in The other was the internet meme Doge — a shiba inu making a funny face, often accompanied by colourful, nonsensical comic sans captions. It was created as a joke to poke fun at the hype surrounding cryptocurrency, but quickly changed tack to bill itself as a "fun and friendly internet currency". For years it remained an online oddity, but has been gaining serious steam since the start of the year. On January 1 this year, a single dogecoin could be bought online for less than 1 cent.
S5 E48 | 12/21/17
The company announced that some of its digital currency wallets have been "compromised. It is the second major theft of cryptocurrencies to take place in recent days. So-called 'warm' or 'hot' digital wallets are usually based online and designed to allow users to access their cryptocurrencies more easily, while 'cold' wallets are offline and harder to access and therefore usually more secure. Liquid has said that it was tracing the movement of the stolen cryptocurrencies and working with other exchanges to freeze and recover the assets. Founded in , Liquid operates in over countries and serves millions of customers around the world.
Staples Center officially becomes Crypto.com Arena as Lakers prepare to take on Nets
The altcoin had surpassed 73 cents on Saturday US time before dropping to The activity may also have affected Robinhood, which said earlier that it was having some issues with crypto trading, citing high volume and volatility. Credit: AP. He had helped drive the coin to new heights on Friday and Saturday after tweeting a picture of himself and a Shiba Inu, the dog breed that lends its image to the altcoin, on the set of the NBC show. Dogecoin, a cryptocurrency that started as a joke in , has surged more than 16, per cent in the past year, according to CoinGecko. Dogecoin traders around the world organised watch parties for the SNL episode.
Bitstamp CEO and Starling old COO: “Cryptocurrencies are the new neobanks”
Subscriber Account active since. The cryptocurrency, which started as a joke in but recently gained popularity with Musk's vocal support, traded at 47 cents as of a. Musk touted Dogecoin during his appearance on the show's "Weekend Update" sketch, saying the cryptocurrency would "take over the world" and calling himself the "Dogefather. At the same time, Robinhood, the multi-billion dollar stock trading app, said the platform was experiencing issues with crypto-trading. Robinhood told Insider that the platform's crypto-trading was "back up and running" about 30 minutes after it first reported difficulties. Robinhood declined to comment on whether the issues were tied to the "SNL" performance. Keep reading. World globe An icon of the world globe, indicating different international options.
CRYPTO.COM TO LAUNCH EXCLUSIVE SERIES OF UFC NFTs
The partnership is also Crypto. To tip off the partnership, the 76ers will be launching their first-ever non-fungible token NFT , available for fans to purchase through Crypto. We will also leverage Crypto. Media may download still images and videos featuring the 76ers new Crypto.
Day trading in crypto keeps young Indians busy at night
COVID restrictions mentioned in the previous order issued on January 11 will continue to be in force. The Andhra Pradesh government has further extended the night curfew in place from 11 pm to 5 am by another two weeks, till February The state government had earlier issued orders for implementation of night curfew after the Sankranthi festival, from January 18 to The previous order issued on January 11 mentioned several guidelines and restrictions to contain the spread of COVID, which stated that all gatherings and congregations including marriages, religious gatherings, social activities etc. Movie theatres will continue to be required to leave alternate seats vacant, and also make masks compulsory. Religious institutions have been directed to ensure physical distancing, wearing of masks, proper sanitation etc.
Someone stole $120 million in crypto by hacking a DeFi website
Camila Domonoske. Musk tweeted on Wednesday that Tesla would no longer accept cryptocurrency Bitcoin for car purchases. Months after Tesla embraced Bitcoin, CEO Elon Musk said on Wednesday the auto maker would no longer accept the cryptocurrency for car purchases due to its environmental impact. Bitcoin is very energy-intensive. The "coins" are created through a process called "mining," in which powerful computers solve difficult math problems. That requires electricity — a mind-boggling amount of it.
Telegram Abused to Steal Crypto-Wallet Credentials
Shiba Inu coin reached a record high last night, fueled by several factors, including rumors that the Robinhood crypto wallet would soon list it — and a series of tweets from none other than serial crypto tweeter Elon Musk. The crypto was down 7. See: Crypto, Stocks or Real Estate?
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