Cryptocurrency price LIVE – Bitcoin up today on Coinbase as Braintrust coin launches with people hunting for best crypto

HOW ARE GOVERNMENTS CRACKING DOWN ON CRYPTO-MINING?

Many crypto-mining regions in China are radically reducing operations.

Miners create new cryptocurrencies using a complex computer code in a complex process, which is highly energy-intensive and requires a lot of computer power.

ETHEREUM CO-FOUNDER NAMED A TIME MAGAZINE INFLUENTIAL PERSON

Vitalik Buterin was named one of Time Magazine’s Most Influential People of 2021.

He is one of the co-founders of Ethereum.

HOW TO EARN BTRST

The website breaks down how to use the new cyrpto.

“It’s easy. Today you can earn tokens by:

• Inviting other freelancers to the network
• Inviting employers to hire talent on the network
• Completing peer-to-peer vetting
• Additional token rewards will be added over time. Stay tuned for future updates!”

HOW TO USE BRAINTRUST COIN

The Braintrust or BTRST website describes how to use the crypto saying “Redeem tokens for special perks created exclusively for the Braintrust community such as free and discounted software, products, career resources, and community perks.

“And we’re continually adding new ways for Talent to use BTRST, so you’ll always have options.”

WHAT IS BRAINTRUST?

The new coin describes itself as “the first decentralized talent network that connects highly skilled technical freelancers with the world’s most reputable brands like Nestle, Porsche, Atlassian, Goldman Sachs and Nike.

“Braintrust’s unique business model allows talent to retain 100% of their earnings and enables organizations to spin up flexible, skilled teams on-demand at a fraction of the cost of traditional staffing firms.

“This new business model that limits fee extraction and enables community ownership is uniquely enabled by a blockchain token.”

SEC CHARIMAN ADDRESSES CONGRESS

It comes after, US Securities and Exchange Commission Chairman Gary Gensler testified before the Senate Banking Committee this week on cryptocurrency.

Gensler wants more protection in crypto trading, lending, and finance and plans to discuss the environmental risk of such currencies.

AMC TO ACCEPT CRYPT

AMC Entertainment CEO Adam Aron said on Wednesday that AMC Theatres will accept Bitcoin and other crypto for online ticket and concession payments.

Other cryptocurrencies like Ethereum, Litecoin and Bitcoin Cash will also be accepted, Aron said.

He tweeted: “Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin and Bitcoin Cash.”

INTERACTIVE BROKERS ADDS TOOL

Interactive Brokers Group announced on Monday that they launched low-fee cryptocurrency trading on their platform.

According to Reuters, “U.S. clients of the brokerage will now be able to trade and custody bitcoin, ethereum, litecoin and bitcoin cash alongside stocks, options, futures, bonds, mutual funds and exchange-traded funds.”

RISKS OF CYRPTOCURRENCIES

Below we round up five risks of investing in cryptocurrencies.

• Consumer protection: Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements. 
• Price volatility: Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses.
• 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. 
• 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.  
• Marketing materials: Firms may overstate the returns of products or understate the risks involved.

EXPERTS ON HBAR

Myron Jobson, Personal Finance Campaigner, interactive investor, says that one of Hedra’s unique selling points is its purported energy efficiency credentials.

He told The Sun: “Unlike the Bitcoin network which uses more in one year as the country of Argentina, analysis by Cambridge University suggests, Hedra claims to be a low carbon footprint public ledger.”

“It is part of the InterWork Alliance’s (IWA) Sustainability Business Working Group which aims to aid global efforts on sustainability in the crypto space by in a number of ways, including standardizing carbon offsets.

“Proof-of-stake blockchains like Hedra inherently consumes energy to function – there is no getting around it.

“The effectiveness of carbon offset is difficult for the lay investor to gauge based on the publicly available information.

Mt Jobson adds: “Hedera Hashgraph still has a long way to go in proving its concept. The usual warnings over risk and volatility applies here.”

WHAT IS HBAR WORTH?

You can buy and sell HBAR on some cryptoexchanges ans is currently trading at $0.3987 at the time of writing.

HBAR’s up nearly 5% in the past 24 hours and down just over 10% from it’s all time high back in March of $0.4495.

WHAT IS HBAR?

Hashgraph is similar to a blockchain and was created in 2017 by American computer scientist Leemon Baird.

The Hedera Hashgraph system is a distributed ledger built on Hashgraph and was created by Baird along with Mance Harmon.

HBAR is the cryptocurrency of the Hedera Hashgraph.

The company itself expalins: “HBAR is the native, energy-efficient cryptocurrency of the Hedera public network.”

It claims to be the third generation public ledger after “Bitcoin pioneered decentralized infrastructure and Ethereum brought programmability”.

There is a total HBAR supply of 50billion units and according to Coinmarketcap almost 7billion were in circulation as of January 2021 – around 14% of the total supply.

There is a governing council for Hedrera and members include well-known companies like Google IBM and Boeing.

NO GUARANTEE

The HBAR coin is one of the top 50 cryptocurrencies in the world based on market cap, according to the website Coinmarketcap.

But like all cryptocurrencies HBAR is highly volatile and its value can go down as well as up in the blink of an eye.

You could lose all you money investing in cryptocurrency and you should never invest money you can’t afford to lose – or in financial products you don’t understand.

There’s no guarantee that you’ll be able to convert your crypto investment back into cash either and you could be charged higher fees than on traditional financial products.

Cryptocurrencies are not regulated so you won’t have the same protections either if something goes wrong.

Newer cryptocurrencies can also be riskier than more established coins like bitcoin.

WHAT IS XLM?

XLM was launched in 2014 by Jed McCaleb and Joyce Kim after both left rival cryptocoin Ripple amid disagreements over the company’s direction.

It is described as a “distributed, hybrid blockchain” that lets money be moved and stored faster and at a lower cost.

The digital currency is based on tokens that are called lumens.

A lumen can be purchased on crypto exchanges such as Binance, Blockchain, eToro, and CoinTiger.

One of XLM’s first partnerships included IBM.

It uses the XLM network to let financial firms complete transactions using its blockchain technology.

WHAT IS LITECOIN?

As the name indicates, the cryptocurrency is small.

But Litecoin, which was established in 2011 by Google engineer Charlie Lee, operates similarly to Bitcoin.

Mr Lee on occasions refers to Litecoin as the “silver to Bitcoin’s gold.”

The two cryptocurrencies act similarly in how their global payment operations are set up.

Both are not controlled by financial institutions.

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

“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,” Ohanian added.

“I’ve never been more excited about the potential of the Internet, and that’s largely thanks to Vitalik Buterin.”

ALEXIS OHANIAN ON ETHEREUM CO-FOUNDER VITALIK BUTERIN, CONTINUED

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

“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. 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.”

WHAT DID ALEXIS OHANIAN SAY ABOUT ETHEREUM CO-FOUNDER VITALIK BUTERIN?

Vitalik Buterin,a co-founder of Ethereum, was named one of Time Magazine’s Most Influential People of 2021.

In an entry for the magazine about the innovator, Alexis Ohanian wrote, “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.”

“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,” he added.

ETHEREUM CO-FOUNDER NAMED A TIME MAGAZINE INFLUENTIAL PERSON

Vitalik Buterin was named one of Time Magazine’s Most Influential People of 2021.

He is one of the co-founders of Ethereum.

HOW ARE GOVERNMENTS CRACKING DOWN ON CRYPTO-MINING, CONTINUED

Authorities in China’s southwest province of Sichuan ordered crypto-mining projects to close earlier this summer.

It followed on from Beijing declared war on Bitcoin mining and trading as part of a series of measures to control financial risks.

HOW ARE GOVERNMENTS CRACKING DOWN ON CRYPTO-MINING?

Many crypto-mining regions in China are radically reducing operations.

Miners create new cryptocurrencies using a complex computer code in a complex process, which is highly energy-intensive and requires a lot of computer power.

IS TETHER STABLE?

The Tether cryptocurrency, which is also known as USDT, was officially launched as Realcoin in 2014, but has since changed its name.

It’s described as a “stablecoin;” a type of cryptocurrency that works to keep crypto values stable.

The price of Tether has indeed stayed stable after it hit a 2021 high in mid-April.

WHAT IS TETHER?

The Tether cryptocurrency, also known as USDT, was officially launched as Realcoin in 2014.

It’s described as a “stablecoin;” a type of cryptocurrency that aims to keep crypto values stable.

Tether aims to do this by pegging the price to a regular “fiat” currency, like US dollars, Euros, or the Chinese yuan.

FINANCIAL EXPERT ON THE SHIBA INU COIN

Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, told The Sun about the Shiba Inu coin previously: “The Shiba Inu coin appears to have been created just to give Dogecoin a run for its money.”

“It features the same dog which became a meme, and aims to replicate Dogecoin’s success of turning a joke into a money-making machine.”

The Shiba token website said: “Nicknamed the DOGECOIN KILLER, this ERC-20 ONLY token can remain well under a penny and still outpace Dogecoin in a small amount of time (relatively speaking).”

WHAT IS THE SHIBA INU COIN?

Shibu Inu are cryptocurrency tokens.

They allow users to hold trillions of them, according to its website.

Shiba tokens are listed and incentivized on ShibaSwap, its own decentralized exchange.

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