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Cryptocurrency price LIVE – 50 countries have placed bans on crypto coins but Bitcoin and Ethereum end week on high

MORE than 50 countries have placed bans on cryptocurrency, according to a report from the Global Legal Research Directorate of the Law Library of Congress.

The report, which was released in November, found that nine countries have a complete ban, and 42 have an implicit ban.

The number of countries banning crypto has more than doubled since 2018, when the research first came out.

Meanwhile, Bitcoin, Shuba Inu, and Ethereum are up at the end of Christmas week, after booming this past year.

According to Coinbase, Shiba Inu is up over 22 percent, Ethereum is up almost three percent, and Bitcoin is up over seven percent.

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

  • Jennifer Korn

    Co-founder of Ethereum named a TIME100 most influential person

    One of the co-founders of Ethereum, Vitalik Buterin, was named one of Time magazine’s 100 Most Influential People of 2021.

    Former executive chair of Reddit Alexis Ohanian praised him in a write-up for the piece.

  • Jennifer Korn

    Can you trade crypto on Robinhood?

    Unlike most of its discount rivals, Robinhood offers 24/7 crypto trading through its platform.

    That means you’ll have access to trade major cryptocurrencies including, Dogecoin, Ethereum, and Bitcoin.

    Its crypto investors can buy or sell with a market order, which means it’s executed at the current market price.

  • Jennifer Korn

    Risks of Robinhood, part three

    In July, the platform was also ordered to pay nearly $70million in fines and compensation for misleading customers and outages.

    If you are seeking a discount broker and are looking to open an IRA account, you can check out the following platforms: Vanguard, FidelityTD Ameritrade, Merrill Edge, among others.

  • Jennifer Korn

    Risks of Robinhood, part two

    For investing individual stocks, make sure you check company reports, Securities and Exchange Commission (SEC) filings, broker notes, and press releases so you can make the best decisions for your money.

    Another risk when choosing Robinhood along with other brokers is that they can restrict trading when there’s unusual activity.

    In fact, Robinhood faced some outrage earlier this year when it restricted trading on meme stocks including GameStop and AMC.

  • Jennifer Korn

    Risks of Robinhood

    When it comes to risks, investing alone is one because you’re not guaranteed to generate a profit and the value of your assets could fall.

    If you’re choosing Robinhood so you can trade stocks and cryptocurrencies – then the game gets even riskier.

    Cryptocurrencies are not only difficult to understand but even tougher to predict when bearish trends in the market will take place.

    For example, cryptocurrency was thriving this year up until Elon Musk said that Tesla was halting the acceptance of payments in Bitcoin.

  • Jennifer Korn

    What is Robinhood?Continued

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

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

  • Jennifer Korn

    What is Robinhood?

    The Robinhood platform operates as a discounted brokerage that offers commission-free trading.

    Specifically, users can trade exchange-traded funds (ETFs), individual stocks (including American depositary shares), and options.

    You can also trade Robinhood’s stock thanks to the company recently going public at a $1.2billion valuation.

  • Jennifer Korn

    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.”

  • Jennifer Korn

    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.

  • Jennifer Korn

    Risks of investing in cryptos, part five

    Finally, the truth in marketing materials is a risk in investing in cryptos.

    Firms may overstate the returns of products or understate the risks involved.

  • Jennifer Korn

    Risks of investing in cryptos, part four

    Another risk of investing are the charges and fees.

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

  • Jennifer Korn

    Risks of investing in cryptos, part three

    A third risk of investing in cryptocurrencies is product complexity.

    The complexity of some products and services relating to cryptoassets can make it hard for consumers to understand the risks.

    There is no guarantee that cryptoassets can be converted back into cash.

    Converting a cryptoasset back to cash depends on demand and supply existing in the market.

  • Jennifer Korn

    Risks of investing in cryptos, part two

    Another risk of investing is price volatility.

    Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses.

  • Jennifer Korn

    Risks of investing in cryptocurrencies

    We rounded up five risks of investing in cryptocurrencies.

    The first is Consumer protection.

    Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements.

  • Jennifer Korn

    US to stem ‘illicit use’

    A recent statement from President Joe Biden read: “Cyber threats can affect every American, every business regardless of size, and every community.”

    “That’s why my administration is marshaling a whole-of-nation effort to confront cyber threats.”

    The White House signaled that the US will gather 30 other countries to discuss responses to cybercrime.

    “This month, the United States will bring together 30 countries to accelerate our cooperation in combatting cybercrime, improving law enforcement collaboration, stemming the illicit use of cryptocurrency, and engaging on these issues diplomatically,” the previous statement read.

  • Jennifer Korn

    Crypto scams and dating apps

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

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

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

  • Jennifer Korn

    Fake websites and crypto

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

    The 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.

  • Jennifer Korn

    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.

  • Jennifer Korn

    What is the Metaverse? continued

    Meta’s VR boss Andrew Bosworth said: “The metaverse is a set of virtual 3D spaces where you can share immersive experiences with each other when you can’t be together.”

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

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

    Facebook’s Mark Zuckerberg called it “the next version of the internet,” and predicted the true metaverse will be ready within the decade.

  • Jennifer Korn

    What is the Metaverse?

    The Metaverse has a broad definition. It is an internet, but it is immersive – so you live within it.

    The platform will have games, social networks, videos, shopping, health and fitness and more.

  • Jennifer Korn

    Major meme coins, part 2

    Another dog meme that has picked up traction this year has been Saitama inu, whose logo appears to feature a wolf surrounding a human face.

    “Tokens like Shiba Inu, Dogecoin and newest gainer Saitama are all a 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.

    Separately, Tiger King is a meme coin that has picked up strong momentum off the past month, which is based on the popular Netflix series.

  • Jennifer Korn

    The major meme coins

    The surge of the meme coins this year all started with Dogecoin.

    That was then followed by Shiba Inu, which both feature the same dog breed in their logos.

    The image became a popular internet meme called doge, and it features the dog surrounded by text in the comic sans font with words like “much wow.”

    Both Shiba and Dogecoin have been popular dog meme coins this year.

  • Jennifer Korn

    What are meme coins?

    A meme coin typically gains off a 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 those stocks.

    The memes then spread over to cryptocurrencies – and there are now a few major ones today.

  • Jennifer Korn

    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.

  • Jennifer Korn

    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.”

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