Cryptocurrency price LIVE – Altcoin Binance tops Bitcoin and Ethereum as Polygon fixes bug and crypto staking revealed

Bitcoin and Ethereum are topped by ALTCOIN Binance, as Polygon is working on a bug fix and a cryptocurrency hoarding operation has been exposed.

This drop in the cryptocurrency market has led to a loss of nearly $300 million in liquidations this week.

Bitcoin price, in particular, dropped as much as $3,000 early Tuesday, although it has rebounded quite a bit over the past 24 hours as of Thursday morning.

In addition, “futures on ether, the parent currency of the Ethereum network, have seen liquidations of more than $57 million,” Coindesk reported.

The outlet reported that other major currencies, such as Solana and Terra, also experienced losses. Shiba Inu and Dogecoin prices also declined over the past week as of Thursday.

Meanwhile, Ethereum, Decentraland, and Basic Attention are all coins that some experts believe are poised for a bounce in 2022.

Motley Fool contributors believe that these three cryptocurrencies could post gains next year regardless of what happens in the highly volatile market.

The outlet noted that Ethereum is emerging as a great cryptocurrency for 2022 and beyond, but the site believes that BAT and Decentraland are good bets as well.

Read our Crypto Live Blog for the latest news and updates…

  • Bitcoin Master, Part Two

    Bitcoin was created in 2009 by an unknown computer using the alias Satoshi Nakamoto.

    Data from Blockchain.com on Monday showed that 18.9 million of the potential 20,999,999,9769 Bitcoins have been mined.

    It’s a milestone that took 12 years to reach.

    Experts believe that the last bitcoin will be mined in February 2140.

    One bitcoin is currently worth about $47,000.

    Experts said the value could rise as coins become scarcer.

  • Less than 10 percent of my bitcoins remain

    Less than 10 percent of bitcoins are left to mine as the cryptocurrency passed a major milestone in December.

    Data from Blockchain.com shows that 18.9 million out of 21 million potential virtual currencies have been mined.

    Bitcoin is the world’s first fully virtual currency and a new one is created by mining, a complex online process that uses computer code.

    It involves using a computer to solve a math problem with a 64-digit solution to create new coins.

    For each problem solved, one block of bitcoin is processed. The miner who solves the problem first is rewarded with a new bitcoin.

    These new coins are then stored virtually through an online database called the blockchain.

  • Play to earn play, part two

    The new gaming model in which players are rewarded with cryptocurrency for playing is not technically free.

    Players may have to spend $1,000 or more to start earning in the world of Axie Infinity, according to Forbes.

    The popular platform for games to be played for profit requires beginners to have three “hubs”, which are available for purchase on the game’s market dashboard.

    Participants can then earn cryptocurrency for selling potions, breeding rare Axies, and playing different games.

  • What is play to earn play?

    Forbes reports that a unique model called Play to Earn is driving the growth of the cryptocurrency’s non-fungible token (NFT).

    Axie Infinity is the most popular platform right now to play for profit.

    It allows users to build a set of ‘hubs’ that players can use across their game world.

    Next, the company uses Blockchain to reward players for games, according to Forbes.

    Any digital assets acquired by participants on the platform can be sold or traded outside the realm of Axie Infinity.

  • Robinhood Dangers, the third part

    In July, the platform also ordered it to pay nearly $70 million in fines and compensation for customer misleading and service outages.

    If you are looking for a discount broker and looking to open an IRA, you can check out the following platforms: Vanguard and FidelityAnd TD Ameritrade, Merrill Edge, among others.

  • The Risks of Robinhood, Part Two

    For individual stock investing, be sure to review company reports, Securities and Exchange Commission (SEC) filings, broker notes, and press releases so you can make the best decisions for your money.

    Another risk when choosing Robinhood along with other brokers is that they can restrict trading when there is unusual activity.

    In fact, Robinhood faced some anger earlier this year when it restricted trading on meme stocks including GameStop and AMC.

  • Robinhood Dangers

    When it comes to risk, investing alone is one because you are not guaranteed to make a profit and your assets may go down in value.

    If you choose Robinhood to be able to trade stocks and cryptocurrencies – the game becomes more and more risky.

    Not only are cryptocurrencies difficult to understand, but it is also difficult to predict when downtrends will occur in the market.

    For example, cryptocurrency was booming this year until Elon Musk said that Tesla was stopping accepting payments in Bitcoin.

  • More than 50 countries impose a ban

    Fifty-one countries have imposed cryptocurrency bans, according to a report from the Directorate of Global Legal Research at the Law Library of Congress.

    So far, nine countries have a full ban, and 42 have an implicit ban. An implicit ban prevents financial institutions from using cryptocurrencies.

    The number of countries with bans on it has doubled since the research first came out in 2018, according to Markets Insider.

  • Robinhood is preparing to launch a cryptocurrency wallet

    Robinhood has announced a new partnership with blockchain data analytics platform ahead of its planned cryptocurrency wallet launch.

    Robinhood will use Chainalysis data, analytics and software to meet compliance requirements and provide secure crypto transactions, Motley Fool reported.

    The partnership comes ahead of the planned 2022 launch of Robinhood’s crypto wallet.

    According to Motley Fool, there are more than 1.6 million people waiting for the new feature.

  • China’s crackdown ‘big opportunity’ for the United States

    China’s crackdown on cryptocurrency transactions presents a “big opportunity for the United States,” according to Pat Toomey, the top Republican member of the Senate Banking Committee.

    It comes as the US Securities and Exchange Commission has pushed for more regulations when it comes to cryptocurrencies.

  • China crackdown on cryptocurrency

    While the creation and trading of cryptocurrencies has been illegal in China since 2019, more crackdowns this year by Beijing have warned banks to halt related transactions and shut down much of the country’s vast network of bitcoin miners.

    The previous central bank statement sent the strongest signal yet that China is closed to cryptocurrencies.

  • Follow China’s statement

    Bitcoin, the world’s largest digital currency, and other cryptocurrencies cannot be tracked by the country’s central bank, making them difficult to regulate.

    The cryptocurrency campaign opens the doors for China to offer its own digital currency, which it is already working on and will allow the central government to monitor transactions.

  • China Statement on Cryptocurrency

    The People’s Bank of China (PBOC) said it would “resolutely crack down on virtual currency speculation, related financial activities and misconduct in order to protect people’s property and maintain economic, financial and social order.”

    It said virtual currency trading has become “widespread, disrupting the economic and financial system, leading to money laundering, illegal fundraising, fraud, pyramid schemes and other illegal and criminal activities.”

  • China suspended cryptocurrency exchange

    In 2017, China shut down its domestic cryptocurrency exchange.

    Despite the war on cryptocurrencies, Chinese miners power nearly 80 percent of global cryptocurrency trade.

  • The man loses 1.6 million dollars, part 3

    The app demanded the victim $1.5 million and threatened to freeze his account if he didn’t pay.

    “I go and look at the FBI website, and here’s this public alert about this kind of fraud,” he told the news outlet. “I’m 52, my whole life savings, gone within a month.”

    A common scam, which involves meeting someone on a dating app, depositing money into a fake investment app (constantly changed, renamed or deleted) and then losing everything, is called “Pig Butchering Scar,” in detail, from KMGH-TV.

  • The man loses 1.6 million dollars, part two

    The man said he successfully deposited money into the account, including money from his retirement accounts.

    He was reportedly able to withdraw cryptocurrency as well, until he tried to take out more.

    “You have to pay back the loan before you can withdraw cash from your account,” KMGH-TV reported.

  • A man loses 1.6 million dollars in a scam

    A man said he lost his savings in a scheme he called a “pig slaughter scam.”

    The 52-year-old told Denver affiliate KMGH-TV that he met a woman on a dating app who seemed to have similar interests to him.

    The conversation turned to cryptocurrency, something that had earned him about $70,000 in a few years.

    The man told the news outlet that the woman he fell in love with online convinced him to invest in a mobile and web app that seemed legitimate to the software engineer.

  • Crypto Investments History, Part Two

    The cryptocurrency industry exploded in 2021 with cryptocurrency exchanges, start-ups dealing with NFTs and gaming for profit, which Fortune highlighted as factors.

    The increased interest in the Metaverse has also led to multi-million dollar investments.

  • Cryptocurrency investments reach $30 billion

    Investors contributed a record $30 billion to the cryptocurrency industry in 2021, according to Fortune.

    The news outlet cited data from Bloomberg News that $7.2 billion came from US-based investors.

    Fortune reported that the $30 billion is four times the $8 billion that investors spent with companies working in the crypto space in 2018.

  • El Salvador is adopting Bitcoin, continue

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

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

    It is the first time that Bitcoin has been legalized as a legal currency in a sovereign country.

  • El Salvador adopts Bitcoin

    Head of State Najib Boukhel passed a bill in June stating that as of September 7, Bitcoin can be used in any transaction and all businesses must accept electronic currency as a payment method.

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

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

  • Dogecoin booms after Tesla news

    Dogecoin saw a jump of more than 20 percent after Elon Musk announced that Tesla would start accepting it as payment.

    He said in a tweet that Tesla will allow some merchandise to be purchased with Dogecoin and “see how it goes.”

    CNBC reported that the Dogecoin went from a fraction of a penny at the beginning of 2021 to a record-high 74 cents in May.

  • How to check for scams on the blockchain

    Cryptocurrencies run on blockchain networks.

    Scammers often claim that their blockchain is “in development” or “about to be released,” but all legitimate cryptocurrencies will have an accompanying website to verify the coin.

    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 one exists.

  • What is a blockchain?

    The blockchain is where encrypted data can be transmitted securely, making it nearly impossible to duplicate or forge.

    This ledger is the basis of any cryptocurrency transaction.

    Cryptocurrency allows people to trade currencies or assets digitally outside of any government or bank.

  • Less than 10 percent of my bitcoins remain

    Less than 10 percent of bitcoins are left to mine as the cryptocurrency passed a major milestone in December.

    Data from Blockchain.com shows that 18.9 million out of 21 million potential virtual currencies have been mined.

    Bitcoin is the world’s first fully virtual currency and a new one is created by mining, a complex online process that uses computer code.

    It involves using a computer to solve a math problem with a 64-digit solution to create new coins.

    For each problem solved, one block of bitcoin is processed. The miner who solves the problem first is rewarded with a new bitcoin.

    These new coins are then stored virtually through an online database called the blockchain.