Cryptocurrency Price News – Shiba Inu strikes AGAIN today and Bitcoin drops as dog ‘Doge meme’ turns 16

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The SHIBA Inu coin was down again on Wednesday, along with Bitcoin, and the dog behind the “Doge meme” celebrated a birthday on November 3.

Kabosu, the Shiba Inu behind many internet memes and the inspiration for cryptocurrencies like Dogecoin and Shiba Inu, has turned 16, according to his owner.

“Today is Kabosu’s birthday,” the dog’s official Instagram wrote.

Unfortunately, the Shiba Inu coin was down on Wednesday, according to CoinBase, and did not appear to be celebrating the special occasion.

Meanwhile, Bitcoin was also down Wednesday night around 4:45 p.m. ET.

These drops come even after the announcement that Burger King is offering free coins to customers by partnering with RobinHood to offer Bitcoin, Ethereum, and Dogecoin through its app.

The promotion began this month and will run through December, according to a company statement.

Read our live cryptocurrency blog for the latest news and updates

  • BANKS MAY REGULATE THE CRYPTO, CONTINUED

    Jelena McWilliams, president of the Federal Deposit Insurance Corporation, told Reuters in an interview that U.S. banking regulators are looking for a way to get banks to trade for crypto assets.

    “I think we need to empower banks in this space, while managing and mitigating risk appropriately,” she said.

    “If we don’t bring this activity inside the banks, it will develop outside the banks. … Federal regulators will not be able to regulate it.

  • BANKS CAN REGULATE THE CRYPTO

    U.S. officials are said to be exploring how banks could hold cryptocurrencies, with the aim of regulating the asset.

    Crypto is growing rapidly and if it continues to grow outside of banks, federal regulators will not be able to control it.

  • DECLARATION BY CHINA, 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 crackdown on crypto opens the doors for China to introduce its own digital currency, which it is already working on and will allow the central government to monitor transactions.

  • CHINA DECLARATION

    The PBOC said it would “resolutely crack down on virtual currency speculation, financial activities and inappropriate behavior in order to protect people’s property and maintain economic, financial and social order.”

    He said trading in virtual currencies has become “widespread, disrupting the economic and financial order, giving rise to money laundering, illegal fundraising, fraud, pyramid schemes and other activities. illegal and criminal ”.

  • CHINA MAKES CRYPTO TRADE ILLEGAL

    The central bank of China has announced that all cryptocurrency trading is illegal in the country and that token mining is prohibited.

    The People’s Bank of China (PBOC) said, “Virtual currency related business activities are illegal financial activities.

    The country previously banned financial institutions from offering crypto-related transactions and warned investors against speculative transactions.

  • CHINA PREVIOUSLY CLOSED TRADE IN CRYPTO, PART II

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

    The previous central bank statement sent the strongest signal yet that China is closed to crypto.

  • CHINA PREVIOUSLY CLOSED TRADE IN CRYPTO

    In 2017, China shut down its local cryptocurrency exchanges.

    Despite the war on crypto, Chinese mines fuel nearly 80% of the global cryptocurrency trade.

  • BITCOIN SCORES A NEW TOP AFTER DORSEY’S TWEET

    Bitcoin’s price peaked at $ 62,000 in six months after Dorsey tweeted about the possible development of Square, according to CoinDesk and Business Insider.

    This surge kicked off his annual earnings to 114 percent.

  • SQUARE CAN BUILD BITCOIN MINING EQUIPMENT

    Square CEO Jack Dorsey said the company could create a Bitcoin mining platform in a recent tweet, according to Business Insider.

    “Square plans to create a custom, open source silicon-based bitcoin mining system for individuals and businesses around the world,” said CEO Dorsey. said in a tweet.

    “If we do this, we will follow our hardware portfolio model: building in the open in collaboration with the community. “

  • CHINA’S CRYPTO REPRESSION IS “A GREAT OPPORTUNITY” FOR US

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

    It comes as the United States Securities and Exchange Commission has pushed for more cryptocurrency regulations.

  • WHAT IS COTI?

    Coti is a blockchain platform with tools that allow organizations to build their own payment solution.

    For example, traders can create branded stablecoins to improve customers’ payment options.

    The platform also has its own token of the same name.

    The Coti group was first launched in 2017, “Coti” being the acronym for “Internet currency”.

  • BITCOIN SLIGHTLY DOWN WEDNESDAY

    Bitcoin has fallen slightly over the past 24 hours on Wednesday afternoon.

    Its price change stood at -2.32% around noon on November 3, according to Coinbase.

    However, it is up 3.4% in the past seven days.

  • WHAT IS THE CRYPTO HBAR?

    Hashgraph is similar to a blockchain and was created in 2017 by American computer scientist Leemon Baird.

    The Hedera Hashgraph System is a distributed ledger built on Hashgraph and was created by Baird with Mance Harmon.

    HBAR is the cryptocurrency of the Hedera Hashgraph.

    The company itself explains, “HBAR is the native and energy efficient cryptocurrency of the Hedera public grid. “

  • CRYPTO AUDIO STREAMING

    Audius is a cryptography-based music streaming platform.

    It is owned and controlled by the token holders – and the tokens are called Audio.

    According to Audius, more than 5.3 million people have used the platform this month.

    Audio has been listed on CoinMarketCap since October 2020 and has gained in value following a deal with Chinese social media giant TikTok.

  • WHO IS BEHIND ALGORAND?

    The Singapore-based Algorand Foundation is behind the project.

    Algorand claims it speeds up transactions and improves efficiency compared to bitcoin and other blockchains.

  • WHAT IS ALGORAND?

    Algorand is a cryptocurrency in the Algorand blockchain, a decentralized public network on which smart contracts can be built.

    It was created in 2019 by Silvio Micali, professor at the prestigious Massachusetts Institute of Technology (MIT).

    The computer scientist also won the Turing Prize for his work in the field of cryptography.

  • WHAT will SHIBA INU be worth IN 2022?

    Many cryptocurrency fans have predicted Shiba Inu’s value for 2022, but you should take it with a pinch of salt as these guesses are far from guaranteed.

    For example, the Wallet Investor crypto website expects a value of up to $ 0.000018 in a year.

    Meanwhile, Coin Price Forecast expects Shiba Inu to reach a value of $ 0.00002336 by the middle of next year.

    He then expects him to end the year at a slightly higher level of $ 0.00003037.

  • WHAT IS SHIBA INU COIN, CONTINUED

    Whether or not you’ve invested before, keep in mind that making money from cryptocurrencies or other investments is never guaranteed, even with a popular product like Shiba Inu.

    Cryptocurrencies are particularly volatile, so their values ​​can crash with little or no notice.

  • WHAT IS THE SHIBA INU PART?

    Shiba Inu is a cryptocurrency token that allows users to hold billions of it.

    The tokens feature the same Shiba Inu dog as Dogecoin, which has recently gained in popularity.

  • 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 in cash and other cryptocurrencies as he unwittingly ended up supporting the scam.

    Seagal was reportedly offered $ 250,000 as well as £ 750,000 in B2G to appear in promotional material for scammers.

    He appeared in a press release to them and “wholeheartedly” endorsed the program in a message to his 7 million Facebook followers.

  • NEW CRYPTO-CURRENCIES RELEASED IN 2021, PART FOUR

    Red Shiba is a BSC token available on PancakeSwap.

    It is described as “a token of the Red universe, it aims to strengthen the ecosystem that the Red Team designs, a universe without Carpet, Fair play and beneficial to all fans of memes tokens”.

    It was inspired by the very successful Shiba Inu Token.

  • NEW CRYPTO-CURRENCIES RELEASED IN 2021, PART THREE

    The Landshare coin premiered on August 2, 2021.

    Its original price was just over £ 2.60.

    Market capitalization is now over £ 2million.

    Landshare is a DeFi platform on the Binance Smart Chain.

    It offers a hassle-free alternative to traditional real estate investments.

  • NEW CRYPTO-CURRENCIES RELEASED IN 2021, CONTINUED

    As their website states: “Orica is designed for new cryptocurrency users. “

    “Orica is designed for those who have a personal appreciation for creativity and are looking for great art.”

  • NEW CRYPTO-CURRENCIES RELEASED IN 2021

    BitClout is an open source cryptocurrency project and social media platform.

    Users can buy and sell “designer pieces” – based on their reputation.

    For example, when they do something positive, the coin increases in value.

    When the coin hit the market in June, it started trading at £ 129.

  • WHAT ARE ALTCOINS? CONTINUED

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

    “Altcoins vary widely in their use cases and practical applications. They usually have some form of technology that they underpin or provide a liquidity solution to a product or service.

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