Helium Price Predictions Soar As Next Big Coin Revealed

CHINA’S STATEMENT

The PBOC said it will “resolutely clamp down on virtual currency speculation, and related financial activities and misbehaviour in order to safeguard people’s properties and maintain economic, financial and social order”.

It said that trading of virtual currencies had become “widespread, disrupting economic and financial order, giving rise to money laundering, illegal fund-raising, fraud, pyramid schemes and other illegal and criminal activities.”

KRAKEN STAFFER TWEETS ABOUT CRYPTO

Dan Held, who’s behind Growth for Kraken Exchange, which allows users to buy bitcoin and other cryptocurrencies, tweeted about crypto on Monday.

“I put my savings into Bitcoin because I am risk averse,” he wrote.

WILL CHAINLINK RISE TO $35?

Crypto investor Justin Bennett sees Chainlink rising to $35.

He told The Daily Hodl: “The $27.50 area could attract a few sellers as it’s the 50% retracement of the correction.

“That said, a daily close above $25 should flip the area to support.

“If Chainlink can get above the $27.50 area, there isn’t much stopping a run at $35.”

THE ‘MUSK’ EFFECT ON CRYPTO

Elon Musk has once again been linked to activity in the crypto markets.

Earlier this week, the Telsa CEO tweeted about the arrival of his new Shiba Inu pup, Floki.

Just days later, the price of Shiba Inu coin was skyrocketing.

EXPERTS PREDICT POLYGON’S GROWTH

How the price of Ethereum will change in the future is impossible to know for certain.

However, experts and investors have made some predictions.

Charlie Barton, an investment specialist at comparison site Finder, warned in mid-May: “The performance of Polygon has been extremely strong recently, achieving 10,000% growth in the last year.”

“It’s easy to get carried away, but such aggressive growth is highly unlikely to continue forever.”

POSING AS AN AGENCY OR BUSINESS

As noted by Inverse, many phishing scams will attempt to impersonate a government agency or business to get your attention.

Some reports to the FTC said victims were contacted by scammers pretending to be the Social Security Administration and asked to deposit money into Bitcoin ATMs.

Other victims lost money to scammers posing as the cryptocurrency company Coinbase.

CHINA’S CRACKDOWN ON CRYPTO IS ‘BIG OPPORTUNITY’ FOR US

China’s crackdown on cryptocurrency transactions “is a big opportunity for the U.S.”, according to Pat Toomey, the top Republican on the Senate Banking Committee.

This comes as the US Securities and Exchange Commission lobbied for more regulations when it comes to cryptocurrency.

EXPERTS ON ALCHEMY PAY AND BINANCE

Shaun Heng, vice president of growth and operations at CoinMarketCap told The Sun that it’s challenging to assess the risk of many crypto projects like Alchemy Pay.

And while he isn’t a fan of Alchemy Pay’s crypto-linked cards, he did tout one of its partners, Binance, which is the largest crypto exchange by trading volume globally.

“The partnership with Binance is most definitely a good sign of validation for the project,” Heng said.

LITECOIN VS. BITCOIN

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.

Like most cryptocurrencies, Litecoin uses blockchain technology for processing and recording transactions.

While Litecoin is smaller, it is a quicker and cheaper alternative when compared to Bitcoin.

WHERE DOES COINBASE REVENUE COME FROM?

The majority of Coinbase’s revenues come from Bitcoin and Ether on the Ethereum blockchain.

They are currently the number one and number two cryptocurrencies on the market, according to MarketWatch.

CAN YOU TRADE CRYPTO ON ROBINHOOD?

Unlike most of its 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.

WILL ETHEREUM TAKE OVER BITCOIN, PART TWO

Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, added to The Sun: “Bitcoin may boast the strongest brand in the crypto world but it doesn’t provide the same opportunities as a launch pad for decentralized apps.”

WILL ETHEREUM OVERTAKE BITCOIN?

It’s hard to say for certain, but it’s possible Ethereum one day overtakes Bitcoin as the dominant crypto, according to Goldman Sachs.

Last month, the bank said Ether “looks like the cryptocurrency with the highest real use potential as Ethereum, the platform on which it is the native digital currency, is the most popular development platform for smart contract applications,” Business Insider reported.

HACKERS STEAL $600MILLION

Hackers recently stole $600 million in a shocking cryptocurrency heist after spotting a “vulnerability” in a blockchain site.

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

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

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 last 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.”

WHAT ARE THE MOST VALUABLE COINS?

When it comes to crypto, the most valuable coins are Bitcoin and Ethereum.

However, there are lots of alternatives or altcoins aiming to benefit from crypto interest.

CRYPTOCURRENCY: VOLATILE PRICES AND DEMAND

Myron Jobson, personal finance campaigner of Interactive Investor, recently told The Sun: “It is difficult to predict the price of a something that has an intrinsic value of zero.”

“All it takes is a tweet from high-profile individuals who have significant influence on sentiment to cryptos to drive up demand.”

“But greater regulatory scrutiny on cryptos threatens to hamper the growth potential of the Shiba Inu.”

SOME PEOPLE DON’T BELIVE SNOOP DOGG IS BEHIND CRYPTO TWITTER

But not everyone believed it was actually Snoop behind the account.

“It’s not Snoop guys, come on,” someone replied to the CozomoMedici tweets.

“I have a hard time accepting that this account is Snoop Dogg,” someone else responded.

“Like seriously Snoop Dogg muted his livestream for a week (?) by accident. And he is that deep into NFTs out here owning crypto punks… Owning Eth using opensea. Would love that to be true but I cant believe it.”

IS SNOOP DOGG BEHIND CRYPTO TWITTER ACCOUNT?

The rapper claimed he is behind the Twitter account Cozomo Medici, which shares insights into the world of NFT’s, last Monday.

The other account claimed on the same day that he was going to “dox from my personal account” and reveal the user’s identity.

SNOOP DOGG ANNOUNCES HE IS BEHIND CRYPTO TWITTER

Rapper Snoop Dogg claimed he is behind the Twitter account Cozomo Medici.

It shares insights into the world of NFT’s.

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.

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.