Cryptocurrency price news – Hamster crypto up after Elon Musk’s Mr. Goxx and Dogecoin tweet as Bitcoin level on Coinbase

BUSINESS JOURNALIST SAYS DEBT CEILING IS A RISK TO CRYPTOCURRENCY

Fox Business journalist Susan Li noted on Twitter that the looming debt ceiling crisis in the United States could impact crypto.

“DebtCeiling is a risk for all assets including #cryptocurrency,” she wrote alongside a video discussing the topic.

AUDIUS VALUE SOARS

After its deal with TikTok, the price of Audius has soared by 109% over the past 24 hours on Tuesday, according to CoinMarketCap.

In March, Audio spiked to $4.18, up from $2.50 just a day before as the platform’s profile began to build.

However, it plummeted soon after, and despite a rise in May, has fallen since until the end of July.

PYTH CAUSES HUGE BITCOIN DROP

According to Bloomberg, an error on Monday caused the platform Pyth to incorrectly show that the price for Bitcoin was down to about $5,400.

That would have represented a catastrophic drop from around $50,000 earlier this month.

A number of Bitcoin fanatics sounded the alarm online, but it turned out they had nothing to worry about.

Pyth, which provides financial data to a number of major investment firms, confirmed in a tweet on Monday that a glitch was behind the issue.

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.”

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 first launched back in 2017.

Polygon hit its highest ever level on May 18 when it rocketed to $2.4544.
The price has soared by around 9,200% this year – up from $0.01781 on January 1.

DATING APP SCAMS AND CRYPTO

Some cryptocurrency scam operations have 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 cryptocurrency opportunity.

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

A CRYPTO-TRADING HAMSTER OUTPERFORMS MARKET

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

The furry animal, called Mr Goxx, has been busy 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 two tunnels.

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

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

BE WARY OF HOT TIPS FROM ‘FRIENDS’

Multi-level marketing scammers will often use the language of cryptocurrencies to entice people to join as “members.”

Cryptocurrencies do not have members, they have investors.

Avoid taking investing tips from friends and family; instead turn to price-tracking websites like CoinMarketCap, CoinGecko, or CoinPaprika, and always do your research before investing.

DOW JONES EXPERT ON TRADING CRYPTO ON WALL STREET

Some cryptocurrencies will be brought to the trading floors of 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 MEASURE THE PERFORMANCE OF BITCOIN ON WALL STREET?

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.

WILL CHAINLINK RISE TO $35?

Crypto investor Justin Bennett sees Chainlink rising to $35.

He told The Daily Hodl: “The $27.50 area could attract a few sellers as it’s the 50% retracement of the correction.

“That said, a daily close above $25 should flip the area to support.

“If Chainlink can get above the $27.50 area, there isn’t much stopping a run at $35.”

CHINA’S STATEMENT, CONTINUED

Bitcoin, the world’s largest digital currency, and other cryptos cannot be traced by a country’s central bank, making them difficult to regulate.

The crypto crackdown opens the gates for China to introduce its own digital currency, which it is already working on and will allow the central government to monitor transactions.

CHINA’S STATEMENT

The PBOC said it will “resolutely clamp down on virtual currency speculation, and related financial activities and misbehavior in order to safeguard people’s properties and maintain economic, financial and social order”.

It said that trading of virtual currencies had become “widespread, disrupting economic and financial order, giving rise to money laundering, illegal fund-raising, fraud, pyramid schemes and other illegal and criminal activities.”

KRAKEN STAFFER TWEETS ABOUT CRYPTO

Dan Held, who’s behind Growth for Kraken Exchange, which allows users to buy bitcoin and other cryptocurrencies, tweeted about crypto on Monday.

“I put my savings into Bitcoin because I am risk averse,” he wrote.

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.

DOW JONES EXPERT ON TRADING CRYPTO ON WALL STREET

Some cryptocurrencies will be brought to the trading floors of 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.

NO GUARANTEED RETURNS

There are no guarantees when it comes to cryptocurrencies, so when someone mentions “guaranteed returns,” they are often scammers.

There is no way to eliminate the element of risk from cryptocurrencies, although scammers may try to convince you otherwise.

Check out these other ways to spot scammers in the crypto space.

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.

CRYPTOCURRENCY EXCHANGE HUOBI STOPS TAKING NEW MAINLAND CUSTOMERS, CONTINUED

China’s regulators intensified a crackdown on Friday, banning cryptocurrency transactions and mining, clarifying that overseas exchanges are barred from providing services to mainland investors via the internet.

Huobi Global said in a statement it will conduct an orderly exit of its existing mainland clients on the premise that safety of their assets is guaranteed.

CRYPTOCURRENCY EXCHANGE HUOBI STOPS TAKING NEW MAINLAND CUSTOMERS

Chinese cryptocurrency exchange Huobi Global said on Sunday it had stopped taking new mainland customers from Friday.

It is ending contracts with mainland clients by the end of the year to comply with local regulations.

COINBASE LETS USERS DEPOSIT PAYCHECKS INTO ONLINE ACCOUNTS

Coinbase will let users 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,” Max Branzburg, vice president of product at Coinbase, revealed in a blog post.

“We’re determined to deliver the most trusted full suite of crypto-first financial services to our 68 million users.”

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.

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.

SHARES IN CRYPTO FIRMS FALL AFTER CHINA ANNOUNCEMENT

Shares of cryptocurrency-related firms Coinbase Global, MicroStrategy Inc, Riot Blockchain, and Marathon Patent Group fell after China’s central bank put a ban on crypto trading and mining.

“It’s been a very volatile week to say the least, so I think going into the last week of September the volatility is likely to continue especially with the end-of-the-quarter window dressing,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.

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

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.