Cryptocurrency price NEWS – Bitcoin and Shiba Inu remain flat after difficult week, but Quant is up

THE price of Bitcoin, the biggest cryptocurrency on the market, is now trading at $48,617.40, after hitting a record high of more than $69,000 in November.

Similarly, Shiba Inu is down 1.74percent in the past 24 hours, according to Coinbase.

However, Quant is up 16.78percent in the past 24 hours.

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…

  • 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.

  • Omicron token rises after new variant named

    The little-known Omicron token skyrocketed over the weekend, after a new Covid-19 variant was given the same name, before it tumbled as much as 75 percent.

    On Friday, the World Health Organization named the new Omicron variant.

    Other cryptocurrencies dropped after the announcement, and Bitcoin suffered its worth day in two months on Friday. However, it has since recovered from most of its losses.

  • 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.

  • 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.

  • R.I.P. Mr Goxx, the crypto-trading hamster

    Sadly, Mr Goxx, the crypto-trading hamster, passed away on November 23.

    The tragic news was shared on Mr Goxx’s official Twitter account.

    “We feared this day like no other and are truly shocked for it to happen just now,” Mr Goxx’s Twitter account tweeted on Wednesday.

    “In deep sorrow, we have to announce the loss of our beloved furry friend.”

    The account continued: “Being with us as a pet for quite a while, he became famous out of nowhere. Mr. Goxx has brought joy to people all across the globe and reminded us not to take life too seriously.

    “He shed light into dark moments of pandemic, inflation and many kinds of trouble.”

  • Goxx’s creators

    Speaking to the BBC, the two 30-something German men behind Mr Goxx the crypto-trading hamster explained that the idea started as a joke.

    “We felt that everything keeps getting more expensive these days and building savings is super-hard to achieve with high rents to pay,” they said.

    “It seems like most people from our generation see no other chance than throwing a lot of their savings on the crypto market, without having a clue what’s going on there.

    “We were joking about whether my hamster would be able to make smarter investment decisions than we humans do.”

  • ‘Decision tunnels’

    The amount to be traded is determined when Goxx runs through one of two “decision tunnels”.

    Depending on which tunnel he runs through, the amount he will buy or sell the cryptocurrency changes in 20 euro increments.

    All of the data is rigged to a computer that makes the transactions in real-time on Goxx’s behalf.

  • Crypto-trading hamster, continued

    The four-legged financial fiend was not completing transactions himself, of course.

    Instead, Goxx’s trading decisions were made inside a camera-rigged “office” attached to his regular cage.

    Every day, when he entered the office, a stream was started on Twitch and a tweet was sent out to his followers notifying them that trading had begun.

    The hamster then ran on an “intention wheel” that chose one of 30 different cryptocurrencies to trade.

  • A crypto-trading hamster outperformed market

    A hamster in Germany previously traded in cryptocurrencies and consistently outperformed the S&P 500.

    The furry animal, called Mr Goxx, was busy working since June, thanks to a specially adapted cage.

    He determined which currencies to buy or sell by running on his wheel or walking through one of two tunnels.

    Mr Goxx started trading on June 12 this year.

    The site states that the page is just for fun and does not offer financial advice.

  • No guaranteed returns

    There are no guarantees when it comes to cryptocurrencies, so when someone mentions “guaranteed returns,” they are often scammers.

    There is no way to eliminate the element of risk from cryptocurrencies, although scammers may try to convince you otherwise.

    Check out these other ways to spot scammers in the crypto space.

  • 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.

  • What are Altcoins, continued

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

    “Altcoins vary greatly in their use cases and practical application. They typically have a form of technology they underpin or provide a liquidity solution to a product or service.”

  • What are Altcoins?

    Altcoin stands for alternative coin, a type of virtual currency that uses the so-called blockchain to allow secure transactions. 

    Altcoin is a category of cryptocurrency rather than a currency itself, and there are more than 900 different altcoins available.

  • Crypto.com coin price prediction

    The Crypto.com Coin cryptocurrency hit a record high on November 15, reaching $0.52 at its peak, according to CoinMarketCap.

    In comparison, it was sitting at just $0.05966 on January 1 this year.

    The Crypto.com token has increased in value thanks to a number of factors.

    For example, it has secured several high-profile sponsorship deals in 2021 including the UFC, Formula One Racing, and Matt Damon’s Water.org.

    From December, the Staples Center – home to the Lakers and Clippers – will also be called Crypto.com Arena.

    Whether the Crypto.Com Coin continues to soar in value remains to be seen, but plenty of crypto fans have still made predictions.

    For example, Wallet Investor expects the token to hit a value of $0.538 in one year and $0.8023 in five years.

    Meanwhile, Digital Coin Price has set a 2021 forecast of $0.7036, a 2023 value of $0.9636 and it expects a 2028 price of $2.09.

  • Who founded crypto.com?

    Kris Marszlek has been the Chief Executive of Crypto.com since June 2016 and is based in Hong Kong.

    Bobby Bao is a co-founder and managing director of Crypto.com, which was formerly known as Monaco.

    Gary Or is another co-founder and is the head of technology at Foris – a universal money app, according to topionetwork.com.

    The other co-founder is Rafael Melo, who, according to Topio Network, has 15 years’ experience in finance.

  • Crypto.com coin, continued

    Crypto.com itself is one of the fastest-growing cryptocurrency businesses in the world.

    Keegan Francis, crypto editor and expert of Finder, told The Sun the coin has many uses, but most notably is that it can be used to stake crypto on the mobile app in order to get the Crypto.com Visa debit card.

    He added: “Staking higher amounts of CRO across the platforms rewards users with more features and rewards.

    “Investors need to keep in mind that the token itself is tied directly to the success of the Crypto.com ecosystem.

    “That being said, Crypto.com has taken the initiative to decentralize CRO by building it into their own decentralized blockchain called Crypto.org.

    “This is a good step for them to take in order to ensure the longevity of their token.

    “It creates less dependence on the company itself, and begins to build out an independent community of developers, and market participants.”

  • What is crypto.com coin?

    The Crypto.com Coin is the native token of the Crypto.com and Crypto.Org ecosystems.

    Also known as CRO, it launched at the end of 2018.

    The Crypto.com chain was created to build a network of crypto projects and to develop merchants’ ability to accept crypto as a form of payment, according to its website.

    Businesses can use Crypto.com pay checkout and/or invoice to allow customers to pay for goods and services with crypto using the wallet app.

    The firms then receive their payments in CRO, stable coins or in fiat currency, which is government-issued money like dollars or pounds.



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