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Cryptocurrency price LIVE – Shiba Inu coin & Bitcoin UP today after ‘Moongoose coin’ created after Congressman’s comment


CRYPTOCURRENCIES Shiba Inu and Bitcoin are both back up today after several days of losses, and a congressperson’s recent comment inspired the creation of several mongoose-themed meme coins.

The price of Bitcoin, the biggest cryptocurrency on the market, is now trading at $49,199.47 after hitting a record high of more than $69,000 in November.

Meanwhile, Shiba Inu is up a little over 1 percent in the past 24 hours as of Thursday morning, according to Coinbase.

Plus, in a House Committee on Financial Services hearing focused on cryptocurrencies, Democratic representative Brad Sherman of California said that “the number one threat to cryptocurrency is crypto.”

He continued by saying that “Bitcoin could be displaced by Ether, which could be displaced by Doge, which could be displaced by Hamster Coin,” before adding, “And then there’s Cobra Coin. What could Mongoose Coin do to [Cobra Coin]?”

Since then, several Mongoose Coins have gone live, Decrypt reported.

Cryptocurrencies are highly volatile, meaning their values often make large swings with no notice, as the latest plunge shows.

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

  • What is Ethereum?

    Ethereum is a cryptocurrency that was released in 2015. It’s the second largest after Bitcoin.

    In fact, some experts believe it has the potential to one day overtake Bitcoin as the dominant coin in the market.

    It was founded by eight people, one of which is 27-year-old cryptocurrency “celebrity” Vitalik Buterin.

    He recently became the world’s youngest crypto billionaire as Ethereum soared in value.

    Ethereum is also a ledger technology – using “blockchain”, like Bitcoin – that companies are using to build new programmes.

  • 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.

  • Who is behind Algorand?

    The Algorand Foundation based in Singapore is behind the project.

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

  • What is Algorand?

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

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

    The computer scientist has also won the Turing Award for his work in the area of cryptography.

  • NFT marketplace

    An NFT is a non-fungible token.

    Non-fungible tokens, in contrast to bitcoin, are each unique and cannot be replaced by something else.

    The majority of NFTs exist within the Ethereum blockchain. Ethereum is a cryptocurrency that has the ability to support NFTs.

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

    An NFT marketplace is used to list NFTs and ensure they are accessible for trading.

    Marketplaces allow users to promote their NFTs, where buyers can browse through and bid on what they would like to purchase.

  • Gamestop’s NFT marketplace rumors

    Within the past month, rumors have been gaining traction on the internet that GameStop is partnering up with Loopring to launch an NFT marketplace.

    The price of Loopring has risen over 400 per cent since the initial rumors began to spread.

    Typically valued for less than one dollar, Loopring prices are now over $3 a share.

    While no official announcement by either of the companies in question has been made in regards to a partnership, social media is full of users waiting for the statement.

  • How to check for blockchain scams

    Cryptocurrencies operate 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.

  • Fake websites and crypto

    One fairly widespread scamming technique is websites that appear to be a new cryptocurrency mining operation or investment opportunity.

    These 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 more cryptocurrency.

  • Crypto scams and dating apps

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

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

    About 20 percent of the money reportedly lost through dating scams in around the last year involved cryptocurrency.

  • ‘Unvaxxed Sperm’ coin value crashes

    The coin, which trades as “nuBTC,” exploded last week, jumping 500 percent on Wednesday to $0.000012 according to Coinbase.

    However, the value of the coin crashed just two days later, and some users on Twitter blasted it as a “scam.”

    By Monday at around noon, 93.25% of its value had been wiped out, and it was worth just $0.00000081.

  • ‘Unvaxxed Sperm’ coin launched

    The new coin was launched recently by activists who claim the Covid-19 vaccines affect fertility.

    One of the coin’s developers who referred to himself only as ‘Fauci’ – told VICE: “To a degree, I’d say we are anti-vaccine.”

    However, another developer claimed they were not anti-vax, telling the platform that they were “here to ensure the continuity of objective scientific inquiry.”

  • Why is Bitcoin bad for the environment?

    The problem surrounds the amount of energy used to mine a single Bitcoin.

    Computers are needed for complex mathematical calculations to put a new Bitcoin into circulation online.

    This process is also known as mining.

    A lot of energy is needed for Bitcoin mining and some experts are concerned that vast amounts of fossil fuels are being used to create this energy.

  • Dogezilla: The next meme coin

    A newly-launched cryptocurrency, DogeZilla has exploded out of the gate.

    Within its first eight days of existence, DogeZilla was said to have grown into a super microcap of $500million from just $50,000. 

    Billionaire Elon Musk has also already gotten involved with DogeZilla by posting a tweet.

    Replying to a tweet about an underwater mud volcano, he wrote: “Cover story for Godzilla obv.”

  • What is Dogezilla?

    Founded by someone with the alias of 9ZEROES, DogeZilla models itself as a community-based project. 

    DogeZilla claims it aims to make the crypto space safer for users.

    According to DogeZilla’s whitepaper, it has a vault that verifies crypto launches.

    It says: “Obviously, it is not a 100% fool-proof method because that simply doesn’t exist in this space, but reducing risk to the highest degree is the purpose of Vault.”

    Moreover, users can gather DogeZilla tokens by holding.

    Specifically, “5% Holder Rewards are dispersed to all token holders relative to their holding percentages,” DogeZilla claims. 

    For upcoming projects, DogeZilla is planning to launch an NFTs Invasion Series in early 2022. 

    Its logo features an amused dog in what appears to be a dinosaur costume. 

  • 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 like Robinhood.

    Marie Tatibouet, chief marketing officer of crypto exchange Gate.io, told The Sun that stablecoins aren’t 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 shouldn’t surge or fail under scrutiny.”

  • 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.

  • WHAT ARE RED FLAGS OF SCAMS?

    Gizmodo shared that other red flags of the SQUID coin being illegitimate was that the website that the creators launched was filled with spelling and grammatical errors.

    The crypto’s telegram channel also did not allow comments from outsiders, and its Twitter account did not allow users to reply to posts, which Gizmodo flagged as suspicious.

  • WHO IS BEHIND ALGORAND?

    The Algorand Foundation based in Singapore is behind the project.

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

  • WHAT IS ALGORAND?

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

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

    The computer scientist has also won the Turing Award for his work in the area of cryptography.

  • GAMESTOP’S NFT MARKETPLACE RUMORS

    Within the past month, rumors have been gaining traction on the internet that GameStop is partnering up with Loopring to launch an NFT marketplace.

    The price of Loopring has risen over 400 per cent since the initial rumors began to spread.

    Typically valued for less than one dollar, Loopring prices are now over $3 a share.

    While no official announcement by either of the companies in question has been made in regards to a partnership, social media is full of users waiting for the statement.

  • CAN SHIBA IBU HIT $1?

    Shiba Inu has soared in value recently, hitting several new all-time highs.On November 12, 2021, cryptocurrency exchange CoinDCX listed Shiba Inu on its mobile trading app.

    Up until then, it was only available on the platform in trade-only mode on CoinDCX Pro.

    Shiba Inu being traded on CoinDCX follows the company announcing it is the first cryptocurrency firm in India to reach a valuation of over $1billion, giving it unicorn status.

    On October 28, Shiba hit an all-time high of $0.00008845.

  • WILL SHIBA INU’S PRICE RISE?

    For Shiba in particular, there has been a fair share of volatility this year despite the surge in the past month.

    For example, up until October 28, the token hit its last record high of $0.00003641 on May 11.

    It’s difficult to predict how Shiba Inu’s price will change in the future, due to a wide number of factors affecting it.

    This includes regulatory crackdowns around the world, comments by high-profile individuals such as Musk, and other developments.

  • SHIBA INU COIN, CONTINUED

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

    Cryptocurrencies are especially volatile, so their values can crash with little to no notice.

  • WHAT IS SHIBA INU COIN?

    Shiba Inu is a cryptocurrency token that allows users to hold trillions of them.

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

  • WHAT ARE SHIBOSHI NFTs?

    Shiboshi NFTs are non-fungible tokens representing various “lovable creatures.”

    The NFT holders will also be able to name the Shiboshis for an additional $100.The Shiboshis will come with generic names like 00001.

    The post states: “It’s important to name your Shiboshi because names are unique and can only exist once in the Shib Oshiverse.“

    With the expansions, we are planning, this could potentially make your Shiboshi more valuable.”




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