Cryptocurrency Price Live – Pi Network allows users to mine crypto over the phone as Bitcoin plunges on China news

CHINA MAKES CRYPTO TRADING ILLEGAL

China’s central bank announced that all cryptocurrency trading in the country is illegal and mining of the tokens is prohibited.

The People’s Bank of China (PBOC) said, “Virtual currency-related business activity is illegal financial activity.”

The country previously banned financial institutions from offering crypto-related transactions and warned investors not to trade them speculatively.

WHO IS BEHIND ALGORAND?

The Algorand Foundation, based in Singapore, is behind the project.

Algorand claims that it speeds up transactions and improves efficiency compared to Bitcoin and other blockchains.

WHAT IS ALGORAND?

Algorand is a cryptocurrency of the Algorand blockchain, a public decentralized network on which smart contracts can be built.

It was launched in 2019 by Silvio Micali, professor at the renowned Massachusetts Institute of Technology (MIT).

The computer scientist was also awarded the Turing Award for his work in the field of cryptography.

WHAT WILL SHIBA INU BE WORTH IN 2022, CONTINUED

Meanwhile, the Coin Price Forecast expects Shiba Inu to hit $ 0.00002336 by the middle of next year.

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

WHAT WILL SHIBA INU BE WORTH IN 2022?

Many cryptocurrency fans have predicted the value of Shiba Inu for 2022, but you should approach it with caution as these estimates are nowhere near guaranteed.

For example, the crypto website Wallet Investor expects up to $ 0.00018 in one year.

WHAT IS SHIBA INU COIN, CONTINUED

Whether or not you have already invested, keep in mind that making money from cryptocurrencies or other investments is never guaranteed, even with a popular one like Shiba Inu.

Cryptocurrencies are particularly volatile, so their values ​​can crash without or without 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 grown massively in popularity recently.

CRYPTO AND BLOCKCHAIN ​​SCAM

Cryptocurrencies work in blockchain networks.

Scammers often claim their blockchain is “in development” or “soon to be released”, but all legitimate cryptos have an accompanying website to verify the currency.

Users can type the name of the crypto into any search engine using the phrase “Blockchain Explorer” or “Blockchain Scan” to find the connected blockchain, if it exists at all.

DATE APP SCAM AND CRYPTO

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

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

About 20 percent of the money reportedly lost to dating scams last year was related to cryptocurrencies.

EXPERTS PREDICT THE GROWTH OF POLYGON

How the price of Ethereum will change in the future cannot be said with certainty.

However, experts and investors have made some predictions.

Charlie Barton, investment specialist at the comparison portal Finder, warned in mid-May: “The performance of Polygon has been extremely strong lately and reached a growth of 10,000% in the last year.”

“It’s easy to get carried away, but such aggressive growth most likely won’t last forever.”

WHAT IS POLYGON?

Polygon is an Ethereum token that powers the Polygon network, which aims to provide faster transactions on the Ethereum blockchain.

It was originally known as Matic Network when it first launched in 2017.

Polygon hit its all-time high on May 18 when it shot to $ 2.4544.

The price is up roughly 9,200% this year – from $ 0.01781 on Jan 1st.

CRYPTO CURRENCY COMPETITION SCAM

In giveaway scams, scammers often pose as celebrities or well-known personalities and ask victims to send Bitcoin, promising to return a much larger amount.

Many giveaway scams are marketed on social media, trying to connect using Facebook, Twitter, or Instagram.

For example, victims reported sending more than $ 2 million to scammers impersonating Elon Musk.

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

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

“And that is mainly thanks to Vitalik Buterin.”

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

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

“No one could possibly have found all the uses for Ethereum, but it took someone’s idea to get started,” added Ohanian of Buterin.

“From then on, a new world has opened up and new ways of using blockchain technology have emerged – in which I have invested in some.”

“Whether startups like Sorare are reinventing fantasy sports or Rainbow users showcasing their NFT collections, none of this would have existed without Vitalik’s creation.”

ALEXIS OHANIAN ABOUT CO-FOUNDER OF ETHEREUM, VITALIK BUTERIN

“Thanks to Reddit’s r / Ethereum community, I have had the privilege of following Vitalik Buterin’s career from the start, which is why I take some pride in seeing his legacy grow,” Ohanian wrote of the programmer.

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

“What makes Vitalik so special, however, is that he is a builder.”

ONE OF THE CO-FOUNDER OF ETHEREUM IS CALLED A TIME 100 MOST INFLUENCING PERSON

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

Former editor-in-chief Alexis Ohanian praised him in a letter for the piece.

CHINAS CRACKDOWN AGAINST CRYPTO IS “GREAT OPPORTUNITY” FOR US

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

This is due to the US Securities and Exchange Commission pushing for more regulations regarding cryptocurrencies.

LITECOIN VS. BITCOIN

Litecoin, which was founded in 2011 by Google engineer Charlie Lee, works in a similar way to Bitcoin.

Mr. Lee occasionally refers to Litecoin as the “silver of Bitcoin’s gold”.

The two cryptocurrencies behave similarly when setting up their global payment processes. Both are not controlled by financial institutions.

Like most cryptocurrencies, Litecoin uses blockchain technology to process and record transactions.

Litecoin is smaller, but a faster and cheaper alternative compared to Bitcoin.

STEVEN SEAGAL’S BITCOIN SCANDAL

Under Siege and Half Past Dead Hardman Seagal was paid to promote Bitcoiin2Gen (B2G) which left 500 investors in cash and other cryptocurrencies out of pocket for unwittingly supporting the scam.

Seagal was reportedly offered $ 250,000 along with £ 750,000 worth of B2G to appear in promotional materials for the scammers.

He appeared in a press release for them and endorsed the program “wholeheartedly” in a post to his 7 million followers on Facebook.

WILL CHAINLINK RISE TO $ 35?

Crypto investor Justin Bennett sees Chainlink rise to $ 35.

He told The Daily Hodl, “The $ 27.50 area could attract some sellers as it is the 50% retracement of the correction.

“However, a daily close of over $ 25 should turn the area around for support.

“If Chainlink can break the $ 27.50 area, there’s not much to stop a run at $ 35.”

WHAT IS HASHGRAPH?

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

The Hedera Hashgraph system is a distributed ledger based on Hashgraph and developed by Baird together with Mance Harmon.

HBAR is the cryptocurrency of the Hedera Hashgraph.

NO GUARANTEED RETURNS

There are no guarantees with cryptocurrencies. So when someone speaks of “guaranteed returns” they are often fraudsters.

There is no way to eliminate the risk element of cryptocurrencies, although scammers can try to convince you otherwise.

Check out these other ways to spot scammers in the crypto space.

HOT TIPS FROM ‘FRIENDS’

Multi-level marketing scammers often use the language of cryptocurrencies to trick people into joining as “members”.

Cryptocurrencies don’t have members, they have investors.

Avoid investment tips from friends and family; Instead, turn to price tracking websites like CoinMarketCap, CoinGecko, or CoinPaprika and always do your research before investing.

BLOCKCHAIN ​​SCAM

Cryptocurrencies work in blockchain networks.

Scammers often claim their blockchain is “in development” or “soon to be released”, but all legitimate cryptos have an accompanying website to verify the currency.

Users can type the name of the crypto into any search engine using the phrase “Blockchain Explorer” or “Blockchain Scan” to find the connected blockchain, if it exists.

Dating app scams

Some scam operations have started using dating apps to reach potential goals.

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

About 20 percent of the money reportedly lost to dating scams last year was related to cryptocurrencies.