Cryptocurrency news
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Cryptocurrency
In januari 2024 heeft de SEC 11 exchange traded funds goedgekeurd om te investeren in Bitcoin. Er waren al een aantal Bitcoin ETFs beschikbaar in andere landen, maar deze verandering maakte ze beschikbaar voor particuliere beleggers in de Verenigde Staten. Dit opent de weg voor een veel breder scala aan beleggers om enige blootstelling aan cryptocurrency in hun portfolio’s toe te voegen.
According to Bloomberg and the New York Times, Federation Tower, a two skyscraper complex in the heart of Moscow City, is home to many cryptocurrency businesses under suspicion of facilitating extensive money laundering, including accepting illicit cryptocurrency funds obtained through scams, darknet markets, and ransomware. Notable businesses include Garantex, Eggchange, Cashbank, Buy-Bitcoin, Tetchange, Bitzlato, and Suex, which was sanctioned by the U.S. in 2021. Bitzlato founder and owner Anatoly Legkodymov was arrested following money-laundering charges by the United States Department of Justice.
Bitcoin is, in many regards, almost synonymous with cryptocurrency, which means that you can buy Bitcoin on virtually every crypto exchange — both for fiat money and other cryptocurrencies. Some of the main markets where BTC trading is available are:
Established in 2020, BYDFi (short for BUIDL Your Dream Finance) is dedicated to delivering an innovative trading platform and promoting the adoption and popularization of blockchain technologies. BYDFi futures are also well-suited for professional traders engaged in short-term trades, as the exchange supports leverage up to 200x and offers a fast, efficient trading terminal. Furthermore, you can explore the new section of the website called the Reward Center, where various tasks are available to help you familiarize yourself with the exchange’s interface, and rewards are given for completing them.
Mining for proof-of-work cryptocurrencies requires enormous amounts of electricity and consequently comes with a large carbon footprint due to causing greenhouse gas emissions. Proof-of-work blockchains such as bitcoin, Ethereum, Litecoin, and Monero were estimated to have added between 3 million and 15 million tons of carbon dioxide (CO2) to the atmosphere in the period from 1 January 2016 to 30 June 2017. By November 2018, bitcoin was estimated to have an annual energy consumption of 45.8TWh, generating 22.0 to 22.9 million tons of CO2, rivalling nations like Jordan and Sri Lanka. By the end of 2021, bitcoin was estimated to produce 65.4 million tons of CO2, as much as Greece, and consume between 91 and 177 terawatt-hours annually.
Cryptocurrency shiba inu
Thanks to its massive supply, a SHIB price of $0.01 would put its valuation, or market capitalization, at $10 trillion, close to that of gold. A price of $1.00 would give it a market cap of $1 quadrillion.
Although SHIB doesn’t have any firm utility as yet, the adoption of it as a currency has been seen in some areas similar to DOGE. However, it positions itself as a “Dogecoin Killer”, adopting a term given to several third-generation cryptocurrencies as “Ethereum Killers”.
Even after some impressive gains, Shiba Inu (SHIB) costs a fraction of a cent, so one can buy millions of SHIB tokens with a few hundred dollars. At its peak price of $0.00009, $100 would have fetched over 1.111 million SHIB tokens. The amount of coins you can purchase can cause significant losses if SHIB’s price ever tumbles, but the chance of tremendous gains also exists.
Working both for and against SHIB is its 1 quadrillion token supply. However, investors enjoy seeing that they own huge numbers of a token, as opposed to Bitcoin, where owning even one whole coin is impossible for many.