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Cryptocurrency price news – Shiba Inu down today as Bitcoin also falls after Biden

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SHIBA Inu and Bitcoin are down today after President Biden statement drawing attention to potential pitfalls of the currency such as ransomware and other cyber threats.

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

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

The White House also signaled that the US will gather 30 other countries, including NATO and G7 allies, 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,” it read.

Federal Reserve chair Jerome Powell also announced Thursday that there are no plans to ban cryptocurrency in the US, and prices soared 10 percent.

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

  • HOW HAS THE PRICE OF SHIBA INU CHANGED?

    In the past month, Shiba has skyrocketed more than 300%.

    Elon Musk, the billionaire entrepreneur behind Tesla has a Shibu Inu puppy and posted a picture of it on the social media site.

    But what does the future has in store for the dog meme cryptocurrency?

    The Sun spoke to experts to find out what lies ahead – and what the cryptocurrency could be worth in 2022.

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

    Tokens of Shiba Inu feature the same dog as Dogecoin, which has become one of the most popular cryptocurrencies this year.

  • WHEN WILL SHIBA INU RELEASE SHIBOSHI NFTs?

    On October 5, 2021, the company announced it will release 10,000 digitalized “lovable creatures” for sale, 10,000 digitalized “lovable creatures.”

    The post explained that the 10,000 digitalized “lovable creatures” will be set for sale 10,000 digitalized “lovable creatures.”

    The company vowed to provide a “heads up” before the official launch.

  • 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.”

  • 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.

    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.”

  • SWISS REGULATOR APPROVES FIRST CRYPTO FUND

    Switzerland’s Financial Market Supervisory Authority has approved the first Swiss crypto fund, Bitcoin.com reported.

    FINMA revealed the fund is called “Crypto Market Index Fund.”

    It noted that it is “an investment fund according to Swiss law belonging to the category ‘other funds for alternative investments’ with particular risks.”

  • EL SALVADOR ADOPTS BITCOIN, CONTINUED

    However, those who do not have access to technologies that can carry out Bitcoin are excluded from being required to accept it.

    The US dollar and Bitcoin are now the country’s official currencies.

    It’s the first time Bitcoin has been adopted as a legal tender in a sovereign nation.

  • EL SALVADOR ADOPTS BITCOIN

    The nation’s president Nayib Bukele passed a bill in June that stated that from September 7, Bitcoin can be used in any transaction and all businesses must accept the e-currency as payment.

    The law also states that tax contributions can be paid via Bitcoin and exchanges in the cryptocurrency will not be subject to capital gains tax.

    Under the new law, El Salvador will “promote necessary training and mechanisms so that the population can access [Bitcoin] transactions.”

  • US SET TO ‘STEM ILLICIT USE OF CRYPTOCURRENCY’

    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 marshalling 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,” it read.

  • ALEXIS OHANIAN ON CO-FOUNDER OF ETHEREUM, VITALIK BUTERIN, CONCLUSION

    “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…



Read More: Cryptocurrency price news – Shiba Inu down today as Bitcoin also falls after Biden

2021-10-13 14:12:27

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