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Cryptocurrency price LIVE – Bitcoin CRASHES 10% and Shiba Inu coin plunges but Baby Doge up 71% as Solice price revealed

Cryptocurrency price LIVE – Bitcoin CRASHES 10% and Shiba Inu coin plunges but Baby Doge up 71% as Solice price revealed
Written by publishing team

The price of many well-known cryptocurrencies is down this week, but Baby Doge is up 71% with Solice reaching $1.49.

Shiba Inu, Bitcoin and Ethereum are all down more than 10 percent in the past seven days, with Bitcoin dropping to its lowest level in more than a month.

Bitcoin is down nearly 12 percent over the past seven days as of 9:30 a.m. Friday, according to CoinBase.

Meanwhile, Shiba Inu stock is down about 15% over seven days, and Ethereum is down about 14%, according to CoinBase.

It comes as one financial expert believes the value of Bitcoin could be as high as $10,000 (£7,400) per coin.

However, Goldman Sachs previously suggested that Bitcoin could reach a staggering $100,000 (£74,000) value this year.

Read our Crypto Live Blog for the latest news and updates…

  • What is Robinhood, continue

    Unlike many discount brokers, the company does not offer individual retirement accounts.

    The bulk of Robinhood’s revenue comes from order flow.

  • What is Robinhood?

    Robinhood’s platform acts as a discount broker that offers commission-free trading.

    Specifically, users can trade exchange-traded funds (ETFs), individual stocks (including US Depository Shares), and options.

    You can also trade Robinhood shares thanks to the company’s recent IPO at a valuation of $1.2 billion.

  • Crypto losses and tax benefits

    Investors can claim deductions for cryptocurrency losses that can reduce tax obligations or lead to a refund, according to Coindesk.

    Any losses can be used to offset capital gains, and if you don’t have gains, you can claim a deduction.

    Coindesk’s article explains IRS tokens and other ways to put cryptocurrency losses into action.

  • Cryptocurrency donation

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

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

    By the fall of 2021, the platform had processed cryptocurrency donations to more than 700 non-profit organizations.

    The list of beneficiaries includes well-known organizations such as The Salvation Army and Ronald McDonald House Charities.

    Lawrence said as many as 400 beneficiaries were from churches, with more congregations moving to accept the digital currency.

  • Gifting NFTs and Digital Assets, Part Two

    Some young investors looked to give their friends their first digital assets last year.

    The 26-year-old San Francisco-based woman told CNBC that she plans to give gifts to her close friends and family digital assets such as Ethereum Name Service (ENS) domains and NFTs.

    The domain of the Ethereum blockchain represents the address of the investor’s cryptocurrency, and it appears as “YourName.eth”.

    They are assigned in place of the random string of letters and numbers that usually refer to the user’s wallet.

  • Gifting NFTs and other digital assets

    Young investors told CNBC that they plan to offer cryptocurrencies, NFTs and other digital assets this past holiday season.

    A 23-year-old from San Antonio, Texas, said she will get her sister and parents NFT from a digital plot of land to participate in the metaverse.

    She also planned to buy collectible NFTs from projects aimed at empowering women, such as World of Women and Crypto Coven.

    CNBC reports that digital gifts can cost thousands of dollars depending on factors such as the metaverse, demand, and size.

  • GYEN’s price forecast continued

    Wallet Investor expects GYEN price to add another zero and drop to $0.00845 within a year.

    Meanwhile, Digitalcoin expects to earn GYEN to around $0.022 in 2021.

    Moreover, Goldman Sachs expert Andrew Lookinoth is more bullish on GYEN.

    “From my previous experience, I feel it will be listed on other exchanges due to the demand,” he told The Sun.

    Also, given the current hype and references to GYEN on Reddit and Twitter, this could easily be as much as 10 cents.

  • GYEN Long-Term Price Forecast

    The price of GYEN has jumped thanks to its availability for professional Coinbase members.

    It’s hard to predict where the price will end in the future – it’s not yet included in other major exchanges like Robinhood.

    Marie Tateboit, chief marketing officer of crypto exchange, told The Sun that stablecoins are not supposed to go up in trading like this.

    “Demand appears to be so high that the dollar peg has failed to hold,” she said.

    “A good stablecoin should not rise or fail under scrutiny.”

  • What is NFT Market?

    NFT is a non-replaceable token.

    Non-fungible tokens, unlike Bitcoin, are unique and cannot be exchanged for anything else.

    The majority of NFTs are located in the Ethereum blockchain. Ethereum is a cryptocurrency that has the ability to support NFTs.

    NFTs can be anything digital, and they are most commonly used as a way to buy and sell digital art.

    The NFT market is used to list NFTs and make sure they can be accessed for trading.

    Marketplaces allow users to promote their NFTs, where buyers can browse and bid on what they want to buy.

  • Trader on Cryptocurrency Losses, Part Two

    The investor did not give up new coins and bought into SHIB after hearing rumors that they were found in Tesla’s source code and likely to be used as a payment option for the company.

    The rumor turned out to be incorrect, leaving the dealer in the red once again.

    It was the third and final time before the new coin was announced Matic. The dealer said he bought the coin very close to the date of the announcement.

    “Anyway, don’t believe in rumors and hype, just stick with your usual crypto plan,” the trader said.

  • Trader details cryptocurrency losses

    An online investor has revealed how he lost a fortune after buying a cryptocurrency based on rumors – three times.

    The anonymous trader described Reddit’s losses, saying their first loss to Cardano was the hardest hit.

    “Everything about the ad seemed legitimate: it’s not a coin, smart contracts are a thing and there was a lot of hype,” the merchant said.

    The trader said that once Cardano was launched, its price dropped leaving the trader at a huge loss.

  • Why is Bitcoin harmful to the environment?

    The problem is the amount of energy used to mine a single bitcoin.

    Computers are needed to perform complex mathematical calculations to put new bitcoins into online trading.

    This process is also known as mining.

    A lot of energy is needed to mine Bitcoin and some experts are concerned that huge amounts of fossil fuels are used to generate this energy.

  • What is Metaverse? continued

    “The metaverse is a collection of 3D virtual spaces where you can share immersive experiences with each other when you are not together,” said Andrew Bosworth, President of Meta Virtual Reality.

    “What comes after the internet? Instead of looking at a screen, you get into experiences.

    “You don’t have to try it in VR. Most people will experience it initially on the screens they already have.”

    Facebook’s Mark Zuckerberg called it “the next version of the Internet,” and predicted that the real metaverse would be ready within a decade.

  • What is Metaverse?

    Metaverse has a broad definition. It’s the Internet, but it’s immersive – so you live in it.

    The platform will feature games, social networking, videos, shopping, health and fitness, and more.

  • What are Altcoins, continue

    “They are building on Bitcoin’s success by slightly changing the rules, the economy, or the use cases to attract different users,” said Simon Peters, crypto-asset analyst at eToro.

    Altcoins vary greatly in their use cases and practicality. They usually have some form of technology that they support or provide a liquidity solution for a product or service.”

  • What are alternative currencies?

    Altcoin stands for Altcoin, a type of virtual currency that uses what is called a blockchain to allow secure transactions.

    Altcoin is a class of cryptocurrency and not a currency in itself, and there are more than 900 different altcoins available.

  • The Risks of Investing in Cryptocurrencies, Part Four

    Other investment risks are Fees and fees.

    Consumers should consider the impact of fees and costs on their investment, which may be more than those of regulated investment products.

  • The Risks of Investing in Cryptocurrencies, Part Three

    The third risk of investing in cryptocurrency is Product complexity.

    The complexity of certain products and services related to crypto-asset groups can make it difficult for consumers to understand the risks.

    There is no guarantee that crypto assets can be reconverted into cash.

    Converting crypto assets into cash depends on the supply and demand that exists in the market.

  • The Risks of Investing in Cryptocurrencies, Part Two

    Another investment risk price volatility.

    The high price volatility of crypto assets, combined with the inherent difficulties in reliably valuing crypto assets, puts consumers at high risk of losses.

  • Risks of investing in cryptocurrency

    Investing in cryptocurrency means taking on a number of different risks.

    The first is consumer protection.

    Certain investments that advertise high returns based on crypto assets may not be subject to regulation other than anti-money laundering requirements.

  • Most Valuable Cryptocurrencies

    Cryptocurrency prices hit record levels earlier this year amid interest from high-profile individuals such as Elon Musk and more institutional investment in the sector.

    The most valuable currencies are Bitcoin and Ethereum but there are plenty of alternatives or altcoins that aim to take advantage of cryptocurrency.

    Although values ​​can be volatile, regulators have warned that investors could lose all of their money.

  • What is Hbar encryption?

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

    The Hedera Hashgraph system is a distributed ledger based on Hashgraph and created by Baird along with Mance Harmon.

    HBAR is the cryptocurrency for Hedera Hashgraph.

    The company itself explains: “HBAR is the original energy-saving digital currency for the Hedera Public Network.”

  • Microstrategy Spends $414 Million On Bitcoin

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

    MicroStrategy has reportedly spent $414 million on coins.

    The company now has a reported stock of 121,044 bitcoins.

  • UK ASA Takes Strict Action Against Cryptocurrencies

    The UK Advertising Standards Authority has placed an official ban on two mobile app ads from popular cryptocurrency platform

    The ASA identified the article for breaching certain financial oversight rules, including failure to mention investment risks, abuse of consumer lack of understanding of the market, and failure to specify restrictions on purchasing cryptocurrency with credit cards.

    ASA advised that its future announcements should be “clear enough that the value of investments in cryptocurrency has been volatile and can go down or up and that this cryptocurrency is unregulated.”

  • How to calculate tax bills in cryptocurrency

    Since cryptocurrency is considered property, it is subject to capital gains when you exchange it or sell it at a profit – including exchanging digital currencies, cashing in US dollars, or making a purchase.

    Form 1040, used to file an annual income tax return, contains a question about “virtual currency” on the first page.

    “Internal Revenue Code and Regulations require taxpayers to maintain adequate records to determine the positions taken on tax returns,” the IRS website states. “You must therefore maintain, for example, records documenting receipts, sales, exchanges, or other dispositions of virtual currency and the fair market value of virtual currency.”

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