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Cryptocurrency price LIVE – Maricoin the world’s first LGBT+ cryptocurrency launches as Bitcoin languishes… – The Sun

THE prices of several well-known cryptocurrencies NOSEDIVED after biting Fed meeting.
Shiba Inu, Bitcoin, and Ethereum came crashing down early Thursday morning, with Bitcoin sinking to its lowest level in over a month.
Bitcoin was down by more than 7 percent at $43.1K around 9am ET, according to Coinbase.
Shiba Inu had dipped by over 8 percent, while Ethereum was down drastically almost 12 percent as well, according to CoinBase.
The drops came after stocks slid on Wednesday following the release of minutes from the Federal Reserve's December meeting.
Policymakers at the meeting indicated a plan to start cutting bond holdings. The central bank will also begin to raise interest rates.
Crypto market analyst Yuya Hasegawa said Bitcoin could potentially drop much lower.
“The downward pressure on the price is expected to continue until the market fully prices in the tighter-than-expected future monetary policy,” Hasegawa said in an emailed note to CNBC.
Read our cryptocurrency live blog for the latest news and updates…
Risks of Robinhood, part two
For investing individual stocks, make sure you check 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’s unusual activity.
In fact, Robinhood faced some outrage earlier this year when it restricted trading on meme stocks including GameStop and AMC.
Risks of Robinhood
When it comes to risks, investing alone is one because you’re not guaranteed to generate a profit and the value of your assets could fall.
If you’re choosing Robinhood so you can trade stocks and cryptocurrencies – then the game gets even riskier.
Cryptocurrencies are not only difficult to understand but even tougher to predict when bearish trends in the market will take place.
For example, cryptocurrency was thriving this year up until Elon Musk said that Tesla was halting the acceptance of payments in Bitcoin.
Upstate NY Town Supervisor makes anti-vax cryptocurrency
Benny Goldstein, Canajoharie's town supervisor, developed a cryptocurrency protesting COVID-19 vaccine mandates.
The Republican leader said that he spent $20K of his own money creating the coin, called "FucVax."
To acquire Fucvax, a form of "digital protest," people first have to buy its father coin Avalanche.
According to the Daily Gazette, Goldstein initially made 200,000 digital tokens, with a value of one penny each. He said each token is now valued at $0.24 and 147 people currently hold FucVax coins, including Canajoharie residents.
Litecoin vs Bitcoin
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.
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.
Petition to list Shiba Inu on Robinhood
A petition launched this year on to "Kindly request of Robinhood to list Shiba Inu coin!"
Recently, the petition has surpassed more than 554,000 signatures. Originally, the goal was 500,000 – but recently it has been lifted to 1million signatures.
Shiba has been added on more major exchanges including Coinbase Global.
Shiba Inu predictions
Crypto website Wallet Investor expects Shiba to be valued at $0.000089 in a year's time.
Meanwhile, Coin Price Forecast predicts Shiba will knock off another zero by the end of 2022 and trade at $0.00029057.
Then in the middle of next year, the crypto price forecaster sees Shiba rising to $0.00033474.
While it seems possible Shiba can see more gains in the future, keep in mind it would need to rocket by nearly 326,000% to reach $0.10.
Will Shiba Inu hit $0.10 this year?
Overall, it’s difficult to predict how Shiba’s price will change in the future due to a wide number of factors affecting it.
This includes regulatory crackdowns around the world, and comments by high-profile individuals such as Musk, and other developments.
Exceptions to volatility
 there are some exceptions to volatility in the stablecoin sector.
In November, GYEN, whose currency is the Japanese yen (JPY), skyrocketed by 247% after Coinbase allowed its pro members to start adding the token to its accounts.
Marie Tatibouet, chief marketing officer of crypto exchange, told The Sun at the time: "It looks like the demand is so high that the peg has failed to hold.
"A good stablecoin shouldn't surge or fail under scrutiny."
However, the coin did not hold at those heights and tumbled days later.
The downside of stablecoin
Just because your assets are taking big swings, doesn’t mean you can’t get frustrated with stablecoins.
This is because most stablecoins often offer much less upside when compared with traditional cryptocurrencies.  
For instance, major stablecoin Tether is trading flat currently versus the same period last year.
What is a stablecoin?
The idea of a stablecoin was first proposed in a white paper by initial coin offering inventor J.R. Willett in 2012.
As its name suggests, the coins aim to act stable – and avoid volatility.
This is because its value is fixed through an asset such as a commodity or a currency.

Trader on cryptocurrency losses, part two
The investor didn’t give up on new coins and bought into SHIB after hearing rumors that it had been found in Tesla‘s source code and would potentially be used as a payment option for the company.
The rumor turned out to be untrue, leaving the trader in the red again.
The third and last time was before the new coin Matic was announced. The trader said they bought up the coin too close to the announcement date.
“Anyway, don’t believe in rumours and hype, just stick to your usual crypto plan”, the trader said.
Trader details their cryptocurrency losses
An investor revealed online how they lost a fortune after buying cryptocurrency based on rumors — three times.
The anonymous trader described the losses on Reddit, saying their first loss on Cardano hurt the most.
“Everything about the announcement seemed legit: It’s not a sh**coin, Smart contracts are a thing and there was a lot of hype,” the trader said.
The trader said as soon as Cardano went live, its price tanked leaving the trader at a huge loss.
Why is Bitcoin bad for the environment?
The problem surrounds the amount of energy used to mine a single Bitcoin.
Computers are needed for complex mathematical calculations to put a new Bitcoin into circulation online.
This process is also known as mining.
A lot of energy is needed for Bitcoin mining and some experts are concerned that vast amounts of fossil fuels are being used to create this energy.
What is an NFT marketplace?
An NFT is a non-fungible token.
Non-fungible tokens, in contrast to Bitcoin, are each unique and cannot be replaced by something else.
The majority of NFTs exist within the Ethereum blockchain. Ethereum is a cryptocurrency that has the ability to support NFTs.
NFTs can be anything digital, and are commonly being used as a way to buy and sell digital art.
An NFT marketplace is used to list NFTs and ensure they are accessible for trading.
Marketplaces allow users to promote their NFTs, where buyers can browse through and bid on what they would like to purchase.
What are Altcoins, continued
Simon Peters, crypto-asset analyst at eToro, said: “They build on the success of bitcoin by slightly changing the rules, economics or use cases to appeal to different users.”
“Altcoins vary greatly in their use cases and practical application. They typically have a form of technology they underpin or provide a liquidity solution to a product or service.”
What are Altcoins?
Altcoin stands for alternative coin, a type of virtual currency that uses the so-called blockchain to allow secure transactions. 
Altcoin is a category of cryptocurrency rather than a currency itself, and there are more than 900 different altcoins available.
What is the Metaverse? continued
Meta’s VR boss Andrew Bosworth said: “The metaverse is a set of virtual 3D spaces where you can share immersive experiences with each other when you can’t be together.”
“What comes after the internet? Instead of looking at a screen, you get to be in the experiences.
“You don’t have to experience it in VR. Most people initially will experience it on screens they already have.”
Facebook’s Mark Zuckerberg called it “the next version of the internet,” and predicted the true metaverse will be ready within the decade.
What is the Metaverse?
The Metaverse has a broad definition. It is an internet, but it is immersive – so you live within it.
The platform will have games, social networks, videos, shopping, health and fitness and more.
Risks of investing in cryptos, part four
Another risk of investing are the charges and fees.
Consumers should consider the impact of fees and charges on their investment which may be more than those for regulated investment products.
Risks of investing in cryptos, part three
A third risk of investing in cryptocurrencies is product complexity.
The complexity of some products and services relating to cryptoassets can make it hard for consumers to understand the risks.
There is no guarantee that cryptoassets can be converted back into cash.
Converting a cryptoasset back to cash depends on demand and supply existing in the market.
Risks of investing in cryptos, part two
Another risk of investing is price volatility.
Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses.
Risks of investing in cryptocurrencies
Investing in cryptocurrencies means taking on a number of different risks.
The first is Consumer protection.
Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements.
Microstrategy spends $414 million on Bitcoin
The business intelligence company led by Michael Saylor revealed in a November 29 Securities and Exchange Commission filing that it bought 7,002 bitcoins between October 1 and November 29.
MicroStrategy reportedly spent $414million on the coins.
The company now has a reported stockpile of 121,044 bitcoin tokens.
Major meme coins, part two
Another dog meme that has picked up traction this year has been Saitama inu, whose logo appears to feature a wolf surrounding a human face.
“Tokens like Shiba Inu, Dogecoin and newest gainer Saitama are all a part of the evolution of digital finance in their own unique way,” Chris Kline, chief operating officer and co-founder of Bitcoin IRA, recently told The Sun.
Separately, Tiger King is a meme coin that has picked up strong momentum recently. It is based on the popular Netflix series.
What are meme coins?
meme coin typically gains off a social media or an internet-based joke.
It all started with GameStop and AMC earlier this year, when a Reddit mob trolled short-sellers by driving up the prices of those stocks.
The memes then spread over to cryptocurrencies – and there are now a few major ones today.
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