Cryptocurrency price news – Bitcoin hits record high and Shiba Inu coin up today after Braintrust crypto exchange error

SHIBA Inu coin is up on Coinbase on Tuesday, as is Bitcoin after Square CEO Jack Dorsey revealed the company is looking to get into crypto mining with that currency.

“Square is considering building a bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide,” CEO Dorseysaid in a tweeton Friday.

“If we do this, we’d follow our hardware wallet model: build in the open in collaboration with the community.”

Bitcoin’s price hit a six-month-high of $62,000 after the tweet, Business Insider reported.

Both Bitcoin and Shiba Inu remain up on Tuesday, according to Coinbase.

Plus, crypto prices saw some changes after President Biden’s statement drawing attention to potential pitfalls of the currency, such as ransomware and other cyber threats.

The statement from Joe Biden read: “Cyber threats can affect every American, every business regardless of size, and every community. Thats why my administration is marshaling a whole-of-nation effort to confront cyber threats.”

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

  • 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 Bitcoins gold.

    The two cryptocurrencies act similarly in how their global payment operations are set up. Both are not controlled by financial institutions.

  • WILL LITECOIN HIT $500? CONTINUED

    Odds are this helped give Litecoin a boost as well.

    In 12 months’ time, the price of Litecoin could exceed $255, according toWallet Investor.

    But near the end of 2026, Wallet Investor sees Litecoin exceeding $557.

  • WILL LITECOIN HIT $500?

    Litecoin exploded to $412.96 in early – the closest it has ever gotten to the $500 mark.

    Now, however, Litecoin trades at $174.90. In the past 24 hours, Litcoin has risen 3%.

    While China has banned all cryptocurrency transactions, big brother Bitcoin hasgained on recent favorable news coming from the U.S.

  • WHAT IS LITECOIN?

    As the name indicates, thecryptocurrencyis 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.

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

    “Ive never been more excited about the potential of the Internet,” Ohanianadded.

    “And thats 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 couldve possibly come up with all of the uses for Ethereum, but it did take one persons 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 technologysome of which Ive invested in.”

    “Whether its startups like Sorare reinventing fantasy sports or Rainbow users showing off their NFT collections, none of this wouldve existed without Vitaliks creation.”

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

    “Thanks to Reddits r/Ethereum community, Ive had the privilege of following Vitalik Buterins career from early on, which is why Ive taken a certain pride in watching his legacy grow,”Ohanian wrote of the programmer.

    “Sure, we can talk about the value hes created as the platforms co-founder, including Ethereums impressive market cap of around $400billion, the dazzling world of decentralized apps and this years boom in the trading of NFTs.”

    “What makes Vitalik so special, though, is that he is a builders 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’s100 Most Influential People of 2021.

    Former executive chair of RedditAlexis Ohanianpraised him in a write-up for the piece.

  • MESUT OZIL RELEASING HIS OWN CRYPTOCURRENCY, CONTINUED

    Fans who purchase it can trade it the same as Bitcoin and also get discounts on his gear plus there will also be opportunities to meet him.

    Ozil is following in the footsteps of fellow footy stars Keisuke Honda and James Rodriguez by venturing into cryptocurrency.

  • IS MESUT OZIL RELEASING HIS OWN CRYPTOCURRENCY?

    Former Arsenal star Mesut Ozil will launch his own cryptocurrency this week.

    The 32-year-old playmaker, who left the Emirates for Fenerbahce in January, is expanding his M10 brand by creating a digital coin.

    SunSport understands he will officially launch his cryptocurrency over the coming days.

  • CHINA PREVIOUSLY SHUT DOWN CRYPTO EXCHANGES, PART TWO

    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 countrys vast network ofbitcoinminers.

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

  • CHINA PREVIOUSLY SHUT DOWN CRYPTO EXCHANGES

    Its not Beijings first move against digital currency in 2017,Chinashut down its local cryptocurrency exchanges.

    Despite the war on crypto, Chinese mines power nearly 80 percent of the global trade in cryptocurrencies.

  • CHINAS CRACKDOWN ON CRYPTO IS BIG OPPORTUNITY FOR US

    Chinascrackdown 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.

  • JAILED BITCOIN MINER WAS ‘ACTING OUT OF GREED’

    Singh was sentenced to 13 months and two weeks in prison in a UK first.

    Andrew Baxter of the CPS said: This is a highly unusual case.”

    “The overwhelming majority of times we see offenses of abstracting electricity, they are to support other criminal activities such as growing cannabis.”

    “Bitcoin mining is a legitimate legal enterprise. Sanjay Singh was simply acting out of greed.”

  • BITCOIN MINER JAILED, CONTINUED

    The Crown Prosecution Service explained Singh’s activities were first detected when a power provider investigated a fault at a substation caused by the cryptocurrency mining overloading the system.

    The CPS released details of the case and said an inspection of Singh’s premises showed he had tampered with the wiring to run over 200 devices.

    Investigations suggested he had cheated the power provider out of tens out thousands of pounds of electricity.

    Singh went on to commit the same offence at the nightclub in Loughborough while the first offense was still under investigation.

    Singh wascharged with two counts of abstracting electricityand pleaded guilty to both offences.

  • BITCOIN MINER JAILED

    Abitcoin miner has been jailedafter he was caught stealing electricity in a sketchy cryptocurrency scam in the United Kingdom.

    Sanjay Singh, 40, admitted “abstracting” electricity worth up to 32,000 at two locations where he operated bitcoin mining machines, Leicester Crown Court heard.

    The first loaction was in an industrial unit in Coalville and the other was in Firefly nightclub in Loughborough.

    The second had been closed for the summer holidays.

  • EXPERT COMMENTS ON TETHERS VALUE

    Despite its claim to be a stablecoin, Tether has still witnessed spikes and sharp falls in price, Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, noted in May.

    She told The Sun: It has also been criticised for a lack of transparency, has had to settle US lawsuits and trading in the currency is banned in the state of New York.

  • WHAT IS TETHER?

    The Tethercryptocurrency, which is also known asUSDT, was officially launched as Realcoin in 2014, but has since changed its name.

    Its described as a stablecoin, which is a type of cryptocurrency that aims to keep crypto values stable.

    Tether aims to do this by pegging the price to a regular fiat currency, like US dollars, Euros or the Chinese yuan.

    Tether claims to keep values steady by holding reserves in that currency in a bank.

  • WHAT IS NUCYPHER? CONTINUED

    This allows users to share private data with a number of others in a secure way.

    Holders of its token NU can stake their tokens through the network to run a node, which is responsible for creating and sending information.

    Interestingly, NuCypher token is an ERC-20, which means it is built onEthereum.

  • WHAT IS NUCYPHER?

    NuCypherwas founded by Michael Egorov MacLane Wilkison in 2015, but it wasnt until 2019 when the public testnet for NuCyphers network launched.

    NuCypher specifically operates as a decentralized key management system that uses blockchain technology.

  • NUCYPHER

    On Friday, NuCypher at one point exploded more than 1,100% to hit a new all-time high of $3.5819.

    The gains cooled off a bit as of Friday morning, but thecryptocurrencywas still up 400% at $1.52, according toCoinMarketCap.

  • HOW VALUABLE IS THE CRYPTO ECONOMY NOW?

    The crypto economy is approaching $3trillion in value.

    This week, the crypto economy became worth more than Apple, and bitcoin became the sixth most valuable asset in the world.

  • GRAYSCALE BITCOIN TRUST ETF

    On October 19th, Grayscale and the New York Stock Exchange filed to convert the Grayscale Bitcoin Trust into an ETF.

    Grayscale Bitcoin Trust is the largest bitcoin fund in the world, and the company also manages the Grayscale Ethereum Trust.

  • BITCOIN SURPASSES $64,000 WEDNESDAY

    For the first time since April, bitcoin surpassed $64,000 on Wednesday, reaching almost $65,000.

    The milestone came just a day after the launch of ProShares’ Bitcoin Strategy ETF on October 19th.

  • SOLANA SCALABILITY, CONTINUED

    Myron Jobson, personal finance campaigner at Interactive Investor,told The Sun: The collection of 10,000 artworks reported sold out in under 10 minutes. Each piece was minted using the SOL token.

    He added that theres a sentiment among crypto evangelist that Solana has strengthened its status as credible challenger to Ethereum as the blockchain of choice for building decentralized applications.”

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