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CAST Matt Damon is mocked on Twitter for being featured in a Crypto.com commercial.
In the Fortune Favors the Brave ad, Damon talks about risk takers “taking the moment and getting involved,” but people on social media weren’t impressed.
“You all think Matt Damon was paid in Real American dollars for this crypto advertisement, or” one person was joking.
Plus, Bitcoin, Ethereum, and Shibu Inu Coin were all down on Coinbase on Monday, with Bitcoin seeing a decline of more than 10 percent in the past seven days.
And the first LGBT + cryptocurrency launched on Friday, and its creators hope to start trading earlier this year.
The founders of Maricoin said they want the coin a means of payment at LGBT-friendly businesses and events, as well as “changing the world”.
Read our live cryptocurrency blog for the latest news and updates …
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Apple CEO Tim Cook owns crypto
Apple CEO Tim Cook recently announced that he owns cryptocurrency.
At the New York Times DealBook conference, Cook was asked if he owned Bitcoin or Ethereum and said, “I do. I do.” I think it’s sensible to have it as part of a diversified portfolio, â€so CNBC.
“I don’t give anyone investment advice, by the way,†he noted.
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GYEN Price Predictions, continued
Wallet investor expects the price of GYEN to add another zero and drop to $ 0.00845 in a year.
In the meantime, Digitalcoin expects GYEN to rise to around $ 0.022 in 2021.
Additionally, Goldman Sachs expert Andrew Lokenauth is even more optimistic about GYEN.
“From my experience so far, I assume that it will be included on other exchanges due to demand,” he told The Sun.
“Plus, given the current hype and mentions of GYEN on Reddit and Twitter, this can easily reach 10 cents.”
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Long-term GYEN price predictions
The price of GYEN has skyrocketed thanks to its availability for Coinbase Pro members.
Where the price will end up in the future is difficult to predict – and it still has to be taken into account on other major exchanges such as Robinhood.
Marie Tatibouet, chief marketing officer of the crypto exchange Gate.io, told The Sun that stablecoins shouldn’t necessarily soar as much when trading.
“It looks like the demand is so great the clip hasn’t held,” she said.
“On closer inspection, a good stablecoin shouldn’t rise or fail.”
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More than 50 countries impose bans
51 countries have banned cryptocurrencies, so a report from the Global Legal Research Directorate of the Law Library of Congress.
To date, nine countries have a total ban and 42 have an implicit ban. The implicit ban prohibits financial institutions from using crypto.
The number of countries with bans has more than doubled since the first study was published in 2018, so Markets insider.
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What is NuCypher, continued
This allows users to securely share private information with a range of other people.
Holders of his token NU can use their tokens over the network to operate a node that is responsible for creating and sending information.
Interestingly, NuCypher token is an ERC-20, which means that it is based on Ethereum.
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What is NuCypher?
NuCypher was founded in 2015 by Michael Egorov MacLane Wilkison, but it wasn’t until 2019 that the public test network for the NuCypher network was launched.
NuCypher works specifically as a decentralized key management system using blockchain technology.
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Dogecoin rose after Tesla news
Dogecoin saw more than 20 percent surge after Elon Musk announced that Tesla would start accepting it as payment.
He said in a tweet that Tesla would allow some goods to be bought with Dogecoin and “see how it goes”.
Dogecoin rose from a fraction of a penny in early 2021 to a record high of over 74 cents in May. CNBC reported.
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Play to Earn, Part Two
The new play-to-earn game model that rewards players with cryptocurrency for playing is not technically free.
Players may need to spend $ 1,000 or more to make money in the Axie Infinity universe Forbes.
The popular platform for play-to-earn gaming requires beginners to have three “axes” available from the game’s website Marketplace dashboard.
Participants can then earn cryptocurrency to sell potions, breed rare axes, and play various games.
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What is play-to-earn gaming?
A unique model called play-to-earn gaming is driving the growth of non-fungible tokens (NFT) and cryptocurrencies. Forbes reported.
Axie Infinity is currently the most popular platform for play-to-earn gaming.
It allows users to create a collection of “axes” that players can use across their gaming universe.
According to Forbes, the company then uses blockchain to reward players for playing.
All digital assets earned by participants can be sold on the platform or traded outside of the Axie Infinity universe.
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What are altcoins, continued
Simon Peters, crypto asset analyst at eToro, said, “They’re building on the success of Bitcoin by easily changing the rules, economics, or use cases to appeal to different users.”
“Altcoins differ greatly in their use cases and practical uses. They usually have some form of technology to underpin them or provide a liquidity solution for a product or service.
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What are altcoins?
Altcoin stands for Alternative Coin, a type of virtual currency that uses the so-called blockchain to enable secure transactions.
Altcoin is more of a category of cryptocurrency than a currency itself, and there are more than 900 different altcoins available.
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Risks of Investing in Cryptocurrencies, Part Five
Finally the truth in Marketing materials is a risk when investing in cryptos.
Firms can overestimate the return of products or underestimate the risks involved.
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Risks of Investing in Cryptocurrencies, Part Four
Another investment risk is the Fees and Charges.
Consumers should consider the impact of fees and charges on their investment, which can be greater than that of regulated investment products.
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Risks of Investing in Cryptocurrencies, Part Three
A third risk when investing in cryptocurrencies is Product complexity.
The complexity of some products and services related to crypto assets can make it difficult for consumers to understand the risks.
There is no guarantee that crypto assets can be converted back into cash.
Converting a crypto asset back into cash depends on the demand and supply in the market.
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Risks of Investing in Cryptocurrencies, Part Two
Another investment risk is Price volatility.
The significant price volatility of crypto assets, combined with the inherent difficulty of reliably valuing crypto assets, puts consumers at high risk of loss.
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Risks of investing in cryptocurrencies
Investing in cryptocurrencies means taking various risks.
The first is Consumer protection.
Some investments that advertise high returns on crypto assets may not be subject to regulation beyond anti-money laundering requirements.
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Important meme coins, part two
Another dog meme that has grown in prominence this year is Saitama inu, whose logo appears to feature a wolf surrounding a human face.
“Tokens like Shiba Inu, Dogecoin and the newest winner Saitama are all part of the evolution of digital finance in their own unique way,” Chris Kline, chief operating officer and co-founder of Bitcoin IRA, recently told The Sun.
Regardless, Tiger King is a meme coin that has been picking up a lot lately. It is based on the popular Netflix series.
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The main meme coins
The surge in meme coins this year all started with Dogecoin.
It was followed by Shiba Inu, who both have the same breed of dog in their logos.
The image became a popular internet meme called the Doge and shows the dog surrounded by comic sans script with words like “much wow”.
Both Shiba and Dogecoin were popular dog meme coins over the past year.
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What are meme coins?
A meme coin usually benefits from social media or an internet based joke.
It all started with GameStop and AMC earlier this year when a Reddit mob trolled short sellers by driving up the prices of these stocks.
The memes then spread to cryptocurrencies – and there are some big ones today.
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No guaranteed return
When it comes to cryptocurrencies, there are no guarantees. So when someone mentions “guaranteed returns†they are often a scammer.
There is no way to eliminate the risk element of cryptocurrencies, although scammers can try to convince you otherwise.
Check out these other ways to spot scammers in the crypto space.
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What is Hbar crypto?
Hashgraph is similar to a blockchain and was developed in 2017 by the American computer scientist Leemon Baird.
The Hedera Hashgraph system is a distributed ledger based on Hashgraph and developed by Baird together with Mance Harmon.
HBAR is the cryptocurrency of the Hedera hash graph.
The company itself explains: “HBAR is the native, energy-efficient cryptocurrency of the public Hedera network.”
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Microstrategy spends $ 414 million on Bitcoin
The business intelligence firm, led by Michael Saylor, announced in a November 29 filing with the Securities and Exchange Commission that it had purchased 7,002 bitcoins between October 1 and November 29.
MicroStrategy reportedly spent $ 414 million on the coins.
The company now has a reported inventory of 121,044 Bitcoin tokens.
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The most valuable cryptocurrencies
Cryptocurrency prices hit record highs earlier this year due to interest from high profile figures like Elon Musk and other institutional investments in the sector.
The most valuable coins are Bitcoin and ether but there are many alternatives or altcoins that aim to benefit from crypto rates.
However, values ​​can be volatile and regulators have warned that investors could lose all of their money.
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Man loses $ 1.6 million, part three
The app demanded $ 1.5 million from the victim and threatened to block his account if he did not pay.
“I look up the FBI site and lo and behold, there is this public warning about this type of scam,” he told the news agency. “I’m 52, all my savings are gone within a month.”
The common scam of meeting someone on a dating app, putting money into a fake investment app (which is constantly being changed, renamed, or deleted) and then losing everything is known as a “pig slaughter scam”. KMGH-TV detailed.
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Man loses $ 1.6 million, part two
The man said he successfully deposited funds into the account, including funds from his retirement accounts.
He was also reportedly able to withdraw cryptocurrency until he tried to withdraw more.
A “customer service representative” with the app told him, “You must pay back the loan before you can withdraw any cash from your account”. KMGH-TV reported.
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