Cryptocurrency price LIVE Bitcoin & Shiba Inu coin recover as Unstoppable Domains releases NFT for Ethereum & Polygon

Microstrategy spends $414 million on Bitcoin

The business intelligence company led by Michael Saylor revealed in a November 29 Securities and Exchange Commission filing that it bought 7,002 bitcoins between October 1 and November 29.

MicroStrategy reportedly spent $414million on the coins.

The company now has a reported stockpile of 121,044 bitcoin tokens.

GYEN price predictions, continued

Wallet Investorexpects the price of GYEN to add another zero and fall to $0.00845 in a years time.

Meanwhile,Digitalcoinexpects GYEN to gain to around $0.022 in 2021.

Furthermore, Goldman Sachs expert Andrew Lokenauth is even more bullish on GYEN.

From my prior experience, I feel it will be included on other exchanges due to demand, he told The Sun.

Also, due to current hype and mentions of GYEN on Reddit and Twitter, this can easily reach 10 cents.

Long-term GYEN price predictions

The price of GYEN has jumped thanks to becoming available to Coinbase pro members.

Where the price will wind up in the future is tough to predict and it is yet to be included on other major exchanges likeRobinhood.

Marie Tatibouet, chief marketing officer of crypto exchange Gate.io, told The Sun that stablecoins arent exactly supposed to surge in trading like this.

It looks like the demand is so high that the peg has failed to hold, she said.

A good stablecoin shouldnt surge or fail under scrutiny.

The most valuable cryptocurrencies

Cryptocurrencyprices 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 areBitcoinandEthereumbut 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.

Donating with cryptocurrency

Churches are starting to see more donations made using cryptocurrency, according toChristianity Today.

James Lawrence told the news organization that donations made on his platform Engiven using the virtual currency were slow in 2019 and 2020.

By fall of 2021, the platform had processedcryptocurrencydonations for more than 700 nonprofits.

The list of recipients includes well-known organizations like The Salvation Army and Ronald McDonald House Charities.

Up to 400 recipients were churches, Lawrence said, as more congregations move to accept the digital currency.

Crypto investor death mystery, continued

Cottontook with him to the gravethe keys that allowed access to a digital vault containing cash investors ploughed into Quadriga CX.

Jilted investors havedemanded his corpse be exhumedand tests run to confirm it is his body.

Criminal probes continue by the Royal Canadian Mounted Police and the FBI as leading digital investing publicationCoindeskbranded his death as cryptos biggest mystery.

Crypto investor death mystery

A new documentary on rogue crypto trader Gerald Cotton, who took up to $215million in Bitcoin and other digital currencies to his grave, hassparked rumorshe may have faked his death.

Cottons sudden death from complications of Crohns disease at age 30 shocked the crypto world but some believe it may have been part of an elaborate exit scam.

One source in the documentary goes as far as to claim Cotton may have used a substance known as Haitian zombie powder to fake his death.

Elon Musk says Dogecoin is best for transactions

The CEO ofTeslaand SpaceX says Dogecoin is the best cryptocurrency for transactions.

Elon Musktold Time Magazinethat the meme coin is better suited to transact with over Bitcoin for two reasons.

He said the transaction volume ofBitcoinis low and the cost per transaction is high.

Musk said he believes Bitcoin is more suitable as a store of value while Dogecoin encourages people to spend, rather than sort of hoard.

Dogecoin spikes after Tesla news

Dogecoinsaw a more than 20 percent jump afterElon Muskannounced Tesla would start accepting it as payment.

He said in a Tweet thatTeslawould allow purchases of some merchandise with Dogecoin and see how it goes.

Dogecoin went from a fraction of a penny in worth at the start of 2021 to a record-high price above 74 cents in May,CNBC reported.

Fake websites and crypto

One fairly widespreadscamming techniqueinvolves websites that appear to be a new cryptocurrency mining operation or investment opportunity.

The 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 morecryptocurrency.

Crypto scams and dating apps

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

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

About 20 percent of the money lost through dating scams in the last year reportedly involvedcryptocurrency.

How to check for blockchain scams

Cryptocurrenciesoperate 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 even exists.

What is a blockchain?

A blockchain is where encrypted data can be transferred securely, making it nearly impossible to duplicate or counterfeit.

This ledger is the foundation of any cryptocurrency transaction.

The cryptocurrency allows people to trade currency or assets digitally outside of any government or bank.

What is the Metaverse? continued

Metas VR boss Andrew Bosworth said: Themetaverseis a set of virtual 3D spaces where you can share immersive experiences with each other when you cant be together.

What comes after the internet? Instead of looking at a screen, you get to be in the experiences.

You dont have to experience it in VR. Most people initially will experience it on screens they already have.

Facebooks Mark Zuckerberg called it the next version of the internet, and predicted the true metaverse will be ready within the decade.

What is the Metaverse?

The Metaverse has abroad definition. It is an internet, but it is immersive so you live within it.

The platform will have games, social networks, videos, shopping, health and fitness and more.

How to create, buy and sell NFTs, part three

Buying anNFT, like any collectible, is a risky bet on the value going up.

If there is no demand for the NFT you buy, then you could end up paying a large amount for something that declines in value or that you cannot sell.

NFTs are still a new market so there is unlikely to be the same demand you will find for other physical items such as trading cards, art, or classic cars.

You could also create your own NFT but there is no guarantee of a buyer and you could end up wasting your time and money.

LikeBitcoin, you can buy and sell NFTs on specialized online marketplaces.

How to create, buy and sell NFTs, part two

If youve chosenEthereumas your blockchain, heres what youll need to mint yourNFT.

First sellers will need an Ethereum wallet, such as MetaMask, Trust Wallet or Coinbase Wallet.

Next you will need around $50-$100 in ether.

Once you have these, you can connect your wallet and upload the music, image, or file that you want to turn into an NFT.

How to create, buy and sell NFTs

NFTsare tradable, unique items that have taken the internet by storm in recent months.

Some of the virtual assets have sold for millions of dollars, but most people still have no clue what they are or where you can buy and sell them.

Tocreate an NFT, you need to choose what to create from artwork, music, collectibles, digital trading cards, movies, video footage, and more.

Then choose which blockchain you want to issue your NFT on and get ready to sell.

Cryptocurrency may shut down Kosovo’s power supply

The mining of cryptocurrencies has often been linked to the high usage of electricity.

The government of Kosovo has highlighted the adverse effects of cryptocurrency mining on a country’s electricity supply by placing a complete ban on cryptocurrency mining, as the Balkan state grapples with an energy crisis.

Indeed, the fears of crypto mining on the country’s power supply have forced the government to instruct security services to arrest citizens that defy the order.

R.I.P. Mr Goxx, the crypto-trading hamster

Sadly, Mr Goxx, the crypto-trading hamster, passed away on November 23.

The tragic news was shared on Mr Goxxs officialTwitteraccount.

We feared this day like no other and are truly shocked for it to happen just now, Mr Goxxs Twitter accounttweeted on Wednesday.

In deep sorrow, we have to announce the loss of our beloved furry friend.

The account continued: Being with us as a pet for quite a while, he became famous out of nowhere. Mr. Goxx has brought joy to people all across the globe and reminded us not to take life too seriously.

He shed light into dark moments of pandemic, inflation and many kinds of trouble.

Decision tunnels

The amount to be traded is determined when Goxx runs through one of two decision tunnels.

Depending on which tunnel he runs through, the amount he will buy or sell the cryptocurrency changes in 20 euro increments.

All of the data is rigged to a computer that makes the transactions in real-time on Goxxs behalf.

Goxxs creators

Speaking to the BBC, the two 30-something German men behind Mr Goxx thecrypto-trading hamsterexplained that the idea started as a joke.

We felt that everything keeps getting more expensive these days and building savings is super-hard to achieve with high rents to pay, they said.

It seems like most people from our generation see no other chance than throwing a lot of their savings on the crypto market, without having a clue whats going on there.

We were joking about whether myhamster would be able to make smarter investment decisionsthan we humans do.

Crypto-trading hamster, continued

The four-legged financial fiend was not completing transactions himself, of course.

Instead, Goxxs trading decisions were made inside a camera-rigged office attached to his regular cage.

Every day, when he entered the office, a stream was started on Twitch and a tweet was sent out to his followers notifying them that trading had begun.

The hamster then ran on an intention wheel that chose one of 30 different cryptocurrencies to trade.

A crypto-trading hamster outperformed market

Ahamster in Germany previously traded in cryptocurrenciesand consistently outperformed the S&P 500.

The furry animal, called Mr Goxx, was busy working since June, thanks to a specially adapted cage.

He determined 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, 2021.

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

What are Altcoins, continued

Simon Peters, crypto-asset analyst at eToro, said: They build on the success of bitcoin by slightly changing the rules, economics or use cases to appeal to different users.

Altcoins vary greatly in their use cases and practical application. They typically have a form of technology they underpin or provide a liquidity solution to a product or service.