Cryptocurrency price news – Robinhood crypto wallet waitlist ahead of release as Bitcoin up today on CoinBase

ROBINHOOD CRYPTO WALLET

Robinhood expects to make its crypto wallet available to all customers in early 2022 as Bitcoin is up today on CoinBase.

Robinhood users can now join a waitlist to get access to the new technology that eases cyrptocurrency transfers as the product rolls out.

“We want to make sure our systems are scaling and that we’re prepared to handle the full load,” Christine Brown, Robinhood’s chief operating officer, told CoinDesk, as they announce testing will begin next month.

“So we’ll be giving people from the wait list access first, and then we’ll have general availability out to 100% by early 2022,” Brown said.

EXPERT COMMENTS ON TETHER’S VALUE

Despite its claim to be a stablecoin, Tether has still witnessed spikes and sharp falls in price, Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, noted in May.

She told The Sun: “It has also been criticized for a lack of transparency, has had to settle US lawsuits, and trading in the currency is banned in the state of New York.”

CRYPTO USERS WANT DOGECOIN TO BE ACCEPTED AT AMC

Meanwhile, in a Twitter poll, users agreed that Dogecoin should be accepted at AMC.

“SO FASCINATING! Dogecoin Poll was by far my highest ever read tweet,” the company CEO wrote on Twitter.

“In 24 hours, 4.2 million views, my most ever retweets, most ever replies. 140,000 votes 77% yes 23% no. It’s clear that you think AMC should accept Dogecoin.”

“Now we need to figure out how to do that. Stay tuned!”

COINBASE COULD ECLIPSE BITCOIN

Coinbase may soon eclipse Bitcoin in the crypto space.

“Coinbase brings a different level of credibility to the space, being the only publicly listed company in the cryptocurrency industry,” AMBCrypto reported.

EXPERTS DIFFER PREDICTING SHIBA INU’S VALUE

Plenty of cryptocurrency fans have predicted Shiba Inu’s value for 2022, but you should take it with a pinch of salt as it’s nowhere near guaranteed.

For example, crypto website Wallet Investor expects a value of up to $0.000018 in a year’s time.

Meanwhile, Coin Price Forecast expects it to hit a value of $0.00002336 by the middle of next year.

It then expects it to end the year at a slightly higher level of $0.00003037.

WHAT ARE THE MOST VALUABLE COINS?

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

The most valuable coins are Bitcoin and Ethereum but there are lots of alternatives or altcoins aiming to benefit from crypto interest.

Values can be volatile though and regulators have warned that investors could lose all their money.

ALEXIS OHANIAN ON CO-FOUNDER OF ETHEREUM, VITALIK BUTERIN, PART THREE

“I’ve never been more excited about the potential of the Internet,” Ohanian added.

“And that’s largely thanks to Vitalik Buterin.”

Buterin is the co-founder of Ethereum and also co-founded Bitcoin Magazine in 2011.

ALEXIS OHANIAN ON CO-FOUNDER OF ETHEREUM, VITALIK BUTERIN, CONTINUED

“No one person could’ve possibly come up with all of the uses for Ethereum, but it did take one person’s idea to get it started,” Ohanian added about Buterin.

“From there, a new world has opened up, and given rise to new ways of leveraging blockchain technology—some of which I’ve invested in.”

“Whether it’s startups like Sorare reinventing fantasy sports or Rainbow users showing off their NFT collections, none of this would’ve existed without Vitalik’s creation.”

ALEXIS OHANIAN ON CO-FOUNDER OF ETHEREUM, VITALIK BUTERIN

“Thanks to Reddit’s r/Ethereum community, I’ve had the privilege of following Vitalik Buterin’s career from early on, which is why I’ve taken a certain pride in watching his legacy grow,” Ohanian wrote of the programmer.

“Sure, we can talk about the value he’s created as the platform’s co-founder, including Ethereum’s impressive market cap of around $400 billion, the dazzling world of decentralized apps and this year’s boom in the trading of NFTs.”

“What makes Vitalik so special, though, is that he is a builder’s builder.”

ONE OF THE CO-FOUNDERS OF ETHEREUM NAMED A TIME 100 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.

EXPERT SAYS CRYPTO SANCTION SENDS ‘CLEAR SIGNAL’

“Rogue cryptocurrency exchanges have long been key enablers for ransomware gangs,” Tom Robinson, chief scientist and co-founder of blockchain analysis firm Elliptic said in a statement provided to Reuters.

“This action by the U.S. government sends a clear signal that it will not tolerate this activity, wherever it is based.”

BIDEN ADMINISTRATION SANCTIONS CRYPTO EXCHANGE, CONTINUED

The Treasury Department for the administration accused Suex OTC, S.R.O. “of facilitating transactions involving illicit proceeds for at least eight ransomware variants,” according to Reuters.

“Exchanges like Suex are critical to attackers’ ability to extract profits from ransomware attackers,” Treasury Deputy Secretary Wally Adeyemo said in a call with reporters on Monday night.

The move “is a signal of our intention to expose and disrupt the illicit infrastructure using these attacks.”

BIDEN ADMINISTRATION SANCTIONS CRYPTO EXCHANGE

The Biden administration on Tuesday revealed sanctions against a cryptocurrency exchange in regards to its alleged role in enabling illegal payments from ransomware attacks, according to officials and Reuters.

It’s reportedly “part of a broader crackdown on the growing threat.”

CRYPTO AUDIO STREAMING

Audius is a crypto-powered music streaming platform.

It’s owned and controlled by token holders and its tokens are called Audio.

According to Audius, more than 5.3million people have used the platform this month.

Audio has been listed on CoinMarketCap since October 2020, and has rocketed in value following a deal with Chinese-owned social media giant TikTok.

WHAT IS BINANCE COIN?

Binance Coin was launched in 2017.

It was set up by cryptocurrency exchange Binance, which is the world’s largest crypto platform.

Binance Coin operates with the ticker BNB and can be purchased on the Binance exchange as well as on other platforms such as eToro.

The coin was first launched for Binance users to get discounted trading fees, but now can be used to pay transaction fees on Binance and to pay for items on websites such as Crypto.com.

EXPERT COMMENTS ON TETHER’S VALUE

Despite its claim to be a stablecoin, Tether has still witnessed spikes and sharp falls in price, Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, noted in May.

She told The Sun: “It has also been criticized for a lack of transparency, has had to settle US lawsuits, and trading in the currency is banned in the state of New York.”

WHO FOUNDED ALCHEMY PAY?

The cryptocurrency was co-founded by payments industry veterans Molly Zheng, Shawn Shi and John Tan.

Trading for Alchemy Pay first began in September 2020.

According to Alchemy Pay, it is the “world’s first” hybrid crypto and fiat payment gateway.

Through Alchemy Pay, users are allowed to receive payments in the local currency of their choice, regardless of how it is sent.

WHAT IS 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.

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.

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.

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. 

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.

RISKS OF INVESTING IN CRYPTOS

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. 

HACKERS STEAL $600MILLION

Hackers have stolen $600 million in a daring cryptocurrency heist after spotting a “vulnerability” in a blockchain site.

In one of the world’s biggest ever thefts, the cyber criminals exploited a weakness in Poly Network, a platform that looks to connect different blockchains so that they can work together.

The site said the hackers have taken thousands of digital tokens such as Ether.