Cryptocurrency price LIVE – Crypto group DAO lose bid for copy of US Constitution that sells for $43.2MILLION

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CRYPTO group DAO has lost a bid for a rare first edition copy of the US Constitution that was sold for $43.2million.

The group of crypto investors had collected more than $40million to buy the historic document, but were outbid by a private collector at the Sotheby’s auction on Thursday, The Wall Street Journal reported.

Meanwhile, Ether has fallen by more than 8 percent this week and Bitcoin plunged too, all while Shiba Inu reached a major milestone.

Ether fell to near $4,200, according to CoinDesk, and Bitcoin dropped by 9 percent.

Shiba Inu, on its part, is set to “reach a psychologically important number of ‘hodlers” at some point this month, according to Motley Fool, and has seen impressive gains. It sat at $0.00005273 early on November 15, which the outlet says equals a “run-of-the-mill gain of 10,339,116%” since its debut.

Crypto.com coin, GYEN, and Gala are all up on Coinbase, too.

Plus, Coinbase announced it would expand to accept five Ethereum-based altcoins, including ALCX, ENS and Gala.

It comes as President Joe Biden signed a sweeping infrastructure bill into law that includes cryptocurrency tax regulations.

Read our cryptocurrency live blog for the latest news and updates…

  • WHAT IS ROBINHOOD?

    The Robinhood platform operates as a discounted brokerage that offers commission-free trading.

    Specifically, users can trade exchange-traded funds (ETFs), individual stocks (including American depositary shares), and options.

    You can also trade Robinhood’s stock thanks to the company recently going public at a $1.2billion valuation.

  • WILL SHIBA INU’S PRICE RISE? (CONTINUED)

    In May, the value of Shiba Inu soared after Binance announced it would list the coins on the crypto platform.

    Its value also rose in September, after it began trading on Coinbase.

    It means the price could rise once again if it’s successful in listing on other recognized platforms such as eToro.

    However, as we’ve seen in recent months, cryptocurrencies are highly volatile and their values can change in the blink of an eye.

    Myron Jobson, personal finance campaigner of Interactive Investor, previously 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.”

  • WILL SHIBA INU’S PRICE RISE?

    For Shiba in particular, there has been a fair share of volatility this year despite the surge in the past month.

    For example, up until October 28, the token hit its last record high of $0.00003641 on May 11.

    It’s difficult to predict how Shiba Inu’s price will change in future, due to a wide number of factors affecting it.

    This includes regulatory crackdowns around the world, comments by high profile individuals such as Musk, and other developments.

    For Shiba in particular, there has been a fair share of volatility this year despite the surge in the past month.

    For example, up until October 28, the token hit its last record high of $0.00003641 on May 11.

    It’s difficult to predict how Shiba Inu’s price will change in future, due to a wide number of factors affecting it.

    This includes regulatory crackdowns around the world, comments by high profile individuals such as Musk, and other developments.

  • CAN SHIBA IBU HIT $1?

    Shiba Inu has soared in value recently, hitting several new all-time highs.

    But in the past 24 hours, the price of Shiba has tumbled 8% to $0.00004926, according to CoinMarketCap.

    On November 12, 2021, cryptocurrency exchange CoinDCX listed Shiba Inu on its mobile trading app.

    Up until then, it was only available on the platform in trade-only mode on CoinDCX Pro.

    Shiba Inu being traded on CoinDCX follows the company announcing it is the first cryptocurrency firm in India to reach a valuation of over $1billion, giving it unicorn status.

    On October 28, Shiba hit an all-time high of $0.00008845.

  • WALGREENS TO OFFER COINSTAR KIOSKS

    “Coinstar, in partnership with CoinMe, has launched a pilot that allows its customers to use cash to purchase Bitcoin,” a Walmart spokesperson told CBS MoneyWatch. “There are 200 Coinstar kiosks located inside Walmart stores across the United States that are part of this pilot.”

  • CRYPTO FANS TRY TO PREDICT SOLANA’S VALUE

    Solana’s price could hit $427 by the year’s end, according to a prediction by website Coin Price Forecast.

    Wallet Investor has a lower one-year forecast of $681.868 and a five-year forecast of $2,424.10.

    Meanwhile, according to Finder’s panel of 50 fintech specialists, the price of Solana could hit $1,178 by the end of 2025 and then surge to $5,057 in 2030.

    “We think that SOL is one of a few smart contract based blockchains that have the technical architecture that will be difficult for Ethereum to compete with on the basis of transaction speed and transaction cost,” crypto hedge fund general partner Gavin Smith said.

  • SOME CRYPTO SCAMS USE DATING APPS TO TARGET VICTIMS

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

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

    About 20 percent of the money reportedly lost through dating scams in around the last year involved cryptocurrency.

  • SOLANA SEES OUTRAGEOUS MARKET SURGE

    The cryptocurrency, Solana, is up a whopping 17,000 percent this year and is now the fifth-largest cryptocurrency on the market.

    Solana is a form of cryptocurrency that allows business leaders to trade, lend and borrow currency quickly and efficiently.

    It is a less expensive and more efficient form of Ethereum, which requires those who use it to solve a complex puzzle before validating a transaction.

  • COINBASE SUSPENDS PURCHASES FOR TETHER AND USD COIN

    Coinbase reportedly suspended all user purchases for Tether and USD Coin cryptocurrencies after the US Securities and Exchange Commission (SEC) rejected VanEck’s spot Bitcoin ETF.

  • WHAT ARE THE MOST VALUABLE COINS?

    Cryptocurrency prices hit record highs earlier this year amid interest from high profile individuals such as Elon Musk and more institutional investment in the sector.

    The most valuable coins are Bitcoin and Ethereum but there are lots of alternatives or altcoins aiming to benefit from crypto interest.

    Values can be volatile though and regulators have warned that investors could lose all their money.

  • NO GUARANTEED RETURNS

    There are no guarantees when it comes to cryptocurrencies, so when someone mentions “guaranteed returns,” they are often scammers.

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

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

  • WHAT DOES ELON MUSK’S TWITTER NAME MEAN?

    Musk has renamed himself Lord Edge on Twitter.

    Dictionary.com defines an edgelord as “someone on an internet forum who deliberately talks about controversial, offensive, taboo, or nihilistic subjects in order to shock other users in an effort to appear cool, or edgy”.

    Meanwhile, the Urban Dictionary states to be edgy is “taking coolness to its extreme and generally beyond the realm of actual possibility, while at the same time seemingly unaware of how ridiculous it is”.

  • LITECOIN, CONTINUED

    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.

    Currently, Bitcoin commands a market capitalization of more than $900 billion, while Litecoin’s sits under $12 billion. 

  • WHAT IS LITECOIN?

    As the name indicates, the cryptocurrency is small.

    But 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.

  • BITCOIN SCORES NEW HIGH AFTER DORSEY TWEET

    Bitcoin’s price hit a six-month-high of $62,000 after Twitter and Square CEO Jack Dorsey tweeted about the possible Square development, according to CoinDesk and Business Insider.

    That surge launched its year-to-date gains to 114 percent.

  • HOW THE INFRASTRUCTURE BILL COULD AFFECT CRYPTO, PART TWO

    Additionally, the nature of the transaction and other information needs to be shared and reported to the government within 15 days.

    Zachary Greene, founder of Greenery Financial told The Sun: “Cryptocurrency taxes are already incredibly burdensome and require lots of manual reporting, and this isn’t going to help.

    “If the administration want to improve tax-compliance amongst cryptocurrency investors, I’d argue their first step should be getting cryptocurrency exchanges to provide adequate tax-documents like traditional stock brokerages do, as this would make the process way easier and manageable for investors.”

    Some who oppose this feel it would be impossible to apply this to cryptocurrencies and digital assets, like NFTs (non-fungible tokens).

  • HOW THE INFRASTRUCTURE BILL COULD AFFECT CRYPTO

    The infrastructure bill included new definitions of a broker for Internal Revenue Service reporting.

    The bill would require all brokers to reports transactions under the current tax code.

    Those who oppose this provision feel the definition is too broad including those as miners and others who do not assist with transactions.

    Another provision in the bill opposed by the crypto industry requires recipients of transactions over $10,000 to verify the sender’s personal information and record his or her Social Security number.

  • WHO FOUNDED CRYPTO.COM?

    Kris Marszlek has been the Chief Executive of Crypto.com since June 2016 and is based in Hong Kong.

    Bobby Bao is a co-founder and managing director of Crypto.com, which was formerly known as Monaco.

    Gary Or is another co-founder and is the head of technology at Foris – a universal money app, according to topionetwork.com.

    The other co-founder is Rafael Melo, who, according to Topio Network, has 15 years’ experience in finance.

  • CRYPTO.COM COIN PRICE PREDICTION

    The Crypto.com Coin cryptocurrency hit a record high on November 15, reaching $0.52 at its peak, according to CoinMarketCap.

    In comparison, it was sitting at just $0.05966 on January 1 this year.

    The Crypto.com token has increased in value thanks to a number of factors.

    For example, it has secured several high profile sponsorship deals in 2021 including the UFC, Formula One Racing and Matt Damon’s Water.org.

    From December, the Staples Center – home to the Lakers and Clippers – will also be called Crypto.com Arena.

    Whether the Crypto.Com Coin continues to soar in value remains to be seen, but plenty of crypto fans have still made predictions.

    For example, Wallet Investor expects the token to hit a value of $0.538 in one year and $0.8023 in five years.

    Meanwhile, Digital Coin Price has set a 2021 forecast of $0.7036, a 2023 value of $0.9636 and it expects a 2028 price of $2.09.

  • CRYPTO.COM COIN, CONTINUED

    Crypto.com itself is one of the fastest growing cryptocurrency businesses in the world.

    Keegan Francis, crypto editor and expert of Finder, told The Sun the coin has many uses, but most notably is that it can be used to stake crypto on the mobile app in order to get the Crypto.com Visa debit card.

    He added: “Staking higher amounts of CRO across the platforms rewards users with more features and rewards.

    “Investors need to keep in mind that the token itself is tied directly to the success of the Crypto.com ecosystem.

    “That being said, Crypto.com has taken the initiative to decentralize CRO by building it into their own decentralized blockchain called Crypto.org.

    “This is a good step for them to take in order to ensure the longevity of their token.

    “It creates less dependence on the company itself, and begins to build out an independent community of developers, and market participants.”

  • WHAT IS CRYPTO.COM COIN?

    The Crypto.com Coin is the native token of the Crypto.com and Crypto.Org ecosystems.

    Also known as CRO, it launched at the end of 2018.

    The Crypto.com chain was created to build a network of crypto projects and to develop merchants’ ability to accept crypto as a form of payment, according to its website.

    Businesses can use Crypto.com pay checkout and/or invoice to allow customers to pay for goods and services with crypto using the wallet app.

    The firms then receive their payments in CRO, stable coins or in fiat currency, which is government-issued money like dollars or pounds.

  • GALA PRICE PREDICTIONS

    The Gala token began trading in September 2020.

    Gala has risen by 93.57% this week, according to Coinbase.

    Coach JV said: “My 3T Warrior Academy research team and I are super bullish on Gala.

    “The gaming industry is roughly a $175billion industry and is one of the largest media categories by revenue.”

    Meanwhile, Wallet Investor expects the cryptocurrency to hit $0.172 in one year’s time and $0.469 in five years.

    And Price Prediction Net estimates Gala will reach an average value of $0.20 in 2022, $0.60 in 2025 and $1.31 in 2027.

    These price predictions are far from guaranteed though, so you should take them with a pinch of salt.

  • WHAT IS GALA?

    Gala is a token in the gaming and NFT space.

    It’s used on Gala Games which is a platform created in 2019 by one of the co-founders of Zynga, an $8billion gaming company.

    Gala is used as the medium of exchange between people who are playing.

    The tokens can be used to pay for items within the game.

    John Vasquez, known as Coach JV, is a crypto expert and founder of 3T Warrior Academy who told The Sun: “Gala has a great foundation.

    “Gala gives their players true ownership of their in-game items and they do this with the use of NFTs.”

    Some of the popular games on the network include Town Star, Spider Tanks, Mirandus and Fortified.

  • GYEN PRICE PREDICTION

    The price of GYEN has jumped thanks to becoming available to Coinbase pro members.

    Where the price will wind up in the future is tough to predict – and it is yet to be included on other major exchanges like Robinhood.

    But Mrs Tatibouet notes that stablecoins aren’t exactly supposed to surge in trading like this.

    “It looks like the demand is so high that the peg has failed to hold,” she said.

    “A good stablecoin shouldn’t surge or fail under scrutiny.”

  • WHAT IS GYEN?

    When GYEN launched in March, the cryptocurrency claimed it was the “world’s first” regulated JPY-pegged stablecoin.

    Firstly, a stablecoin aims to, as its name suggests, sit at a “stable” price that’s fixed through an asset including a commodity or a currency.

    In the case of GYEN, its currency is the Japanese yen (JPY).

    According to GYEN, it is backed by an underlying fiat currency with a 1:1 reserve. This type of reserve is said to be frequently audited in an effort to avoid price volatility.

    The stablecoin, which runs on Ethereum’s blockchain, balances decentralized technology with payments systems and traditional finance.