Blockchain Trends: crypto course

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Monday, November 29, 2021

In Response To Dip, El Salvador Buys A Bunch More Bitcoin

The self-anointed "dictator of El Salvador" just "bought the dip." Buying the Dip

El Salvador recently became the first country to accept Bitcoin as legal tender — and thanks to a recent dip in the value of the digital currency, president Nayib Bukele is looking to cash in.

Bukele announced he bought 150 bitcoins over the weekend, equivalent to around $6.7 million.

“We just bought the dip,” he wrote in a tweet early Monday morning. “150 new coins! El Salvador now holds 700 coins.”

The president also took the opportunity to dole out some “presidential” advice: “They can never beat you if you buy the dips.”

Bitcoin Crash It’s a bizarre instance of the head of a government actively leaning in on investing funds on a highly volatile currency that many see as a distraction from much more pressing issues.

Bitcoin lost about 16 percent of its value since Bukele announced the country’s first acquisition of the crypto, according to Bloomberg. As of this morning, the value had dropped to around $42,500, its lowest value since the beginning of August.

Bukele is making active moves to consolidate power, causing his critics to call the 40-year-old head of state out for acting like a dictator. In May, Bukele announced sweeping legal reforms, firing all judges over the age of 60 and the attorney general.

In response, he changed his Twitter bio to read “Dictador de El Salvador.”

He’s also been criticized for extremely conservative social policies. In recent posts, he reiterated his views that birth starts at conception and that same-sex marriages should not be allowed.

Distractions

The move to roll out Bitocin as a national digital currency has been highly controversial.

Bukele’s many critics have viewed the purchase of Bitcoins as a distraction from much more pertinent issues facing the small nation, such as the dismantling of democratic institutions. Others have called the rollout of a Bitcoin currency backed by the government a “scam.”

By design, there’s no guarantee of a bright future when it comes to Bitcoin. Buying the dip is certainly a popular way to cash in — but it’s unlikely to rescue an ailing economy if the dip persists.

The Bitcoin Standard: The Decentralized Alternative to Central Banking

Sunday, November 28, 2021

Shiba Inu Crew Concerns Warning To SHIB Holders As Scams Proliferate Throughout Social Channels

The creators of normal crypto-asset Shiba Inu (SHIB) are issuing a warning to traders that scams involving the dog-themed meme coin are abruptly spreading throughout social media.

The Shiba Inu team tells its 2.1 million Twitter followers that bad actors providing fake SHIB giveaways, airdrops, presents, and bonuses are hastily proliferating their scams over the web by way of masquerading as reliable members of the Shiba Inu company.

“a fake Shiba Telegram neighborhood is being shared across social media. The scammers impersonate reputable debts and create fake users. These scammers reply to frequent posts. They target your hashtags.”

in keeping with the video posted by means of the Shiba Inu crew, the most frequently targeted hashtags encompass #SHIB, #SHIBarmy, #Leash, #SHIBAswap and #Bone.

The neighborhood emphasizes that there are presently no SHIB airdrops or giveaways and that Shiba Inu holders may still certainly not hand over their pockets keys, electronic mail addresses, personal counsel, or tokens to anybody.

“do not reply to the bots of false bills on social media. Block, document, and dwell alert.”

SHIB, the 12th-ranked cryptocurrency with the aid of market cap, currently reached a milestone of having 1 million holders international and is currently replacing arms at $0.000039 as of writing, a 29% decrease from its 14-day excessive of $0.000055.

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Tuesday, May 1, 2018

Ethereum falls on report that the second-biggest cryptocurrency is under regulatory scrutiny

Ethereum, the second-largest cryptocurrency by market capitalization, falls 6 percent after The Wall Street Journal reports that it has come under scrutiny by regulators.
Securities and commodities watchdogs are looking into whether cryptocurrencies, which have largely escaped government oversight, should be regulated in the same way as stocks.
The cryptocurrency's creation in 2014 was "probably an illegal securities sale" in the eyes of some regulators, the Journal reports, citing people familiar with the matter.

Ethereum prices took a hit Tuesday after a report that regulators are exploring whether it and other cryptocurrencies should be treated like securities.

Both U.S. commodities and securities watchdogs are questioning whether the same rules for stocks should apply to these digital currencies, The Wall Street Journal reported Tuesday. Until now, cryptocurrencies have not been drawn into wider crackdowns by the Securities and Exchange Commission this year.

The cryptocurrency's creation in 2014 was "probably an illegal securities sale" in the eyes of some regulators, the Journal said, citing people familiar with the matter.

Here's what sets ethereum apart from its rival bitcoin 8:10 AM ET Tue, 27 June 2017 | 02:21

Ether, which has a roughly $65 billion market cap, fell about 6 percent Tuesday, and was trading near $652, according to data from CoinMarketCap.com.

The analysis is based on whether founders of virtual currencies other than bitcoin have any control over their value, similar to how a company's managers might influence a company's stock value based on strategy and investments, the Journal said.

Two federal regulatory agencies have applied different definitions to what exactly a cryptocurrency is. The Commodity Futures Trading Commission has labeled them as commodities, meaning they're exempt from SEC regulation. The SEC on the other hand, has indicated that it sees cryptocurrencies as securities. In March, the agency said it is looking to apply securities laws to everything from cryptocurrency exchanges to digital asset storage companies known as wallets.

Senior SEC and CFTC officials are among those scheduled to discuss the matter on Monday, the Journal reported, citing people familiar with the matter.

The Ethereum foundation raised more than 31,000 bitcoin in July 2014, worth about $18.3 million at the time, when it first sold the first 60 million ether. Because investors were speculating that the launch would result in a rise in asset value, the deal resembled a security, the Journal said.

Ethereum is the name of the company that created the digital token ether. The company created a platform for applications built on blockchain, the same technology that underpins bitcoin. Ether was first launched as a fundraising effort to develop the platform.

A consortium called the Enterprise Ethereum Alliance, which includes companies like Microsoft and J.P. Morgan, is developing uses for the Ethereum blockchain.