Cryptocurrency price LIVE – Reddit crypto lovers made it most popular topic of 2021 as ProShares plots Metaverse fund

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CRYPTO fans on Reddit made the currency the most popular topic of 2021, as ProShares plots a Metaverse fund.

ProShares has filed an application that would allow it to track the performance of the Solactive Metaverse Theme Index.

Meanwhile, Ethereum, Decentraland, and Basic Attention are all tokens that some experts think are poised for rebounds in 2022.

Contributors at Motley Fool think those three cryptocurrencies could see gains next year no matter what else happens with the highly volatile market.

Ethereum stands out as a great crypto for 2022 and beyond,” the outlet noted, but the site thinks BAT and Decentraland are good bets, too.

Bitcoin has remained the most dominant cryptocurrency in the world, adding more than 70percent to its value in 2021.

The coin went into this year trading at $32,000 per coin, and it surpassed $64,000 by April.

Despite the coin taking a hit from May until September, Bitcoin recovered and reached a new high of $69,044 in November 2021.

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

  • 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

    We rounded up five risks of investing in cryptocurrencies.

    The first is Consumer protection.

    Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements.

  • China’s crackdown ‘big opportunity’ for US

    China’s crackdown on cryptocurrency transactions “is a big opportunity for the U.S.”, according to Pat Toomey, the top Republican on the Senate Banking Committee.

    This comes as the US Securities and Exchange Commission lobbied for more regulations when it comes to cryptocurrency.

  • China’s crackdowns on crypto

    While crypto creation and trading have been illegal in China since 2019, further crackdowns this year by Beijing warned banks to halt related transactions and closed much of the country’s vast network of Bitcoin miners.

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

  • China’s statement, continued

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

    The crypto crackdown opens the gates for China to introduce its own digital currency, which it is already working on and will allow the central government to monitor transactions.

  • China’s statement on cryptocurrency

    The PBOC said it will “resolutely clamp down on virtual currency speculation, and related financial activities and misbehaviour in order to safeguard people’s properties and maintain economic, financial and social order”.

    It said that trading of virtual currencies had become “widespread, disrupting economic and financial order, giving rise to money laundering, illegal fund-raising, fraud, pyramid schemes and other illegal and criminal activities.”

  • China stopped its crypto exchanges

    In 2017, China shut down its local cryptocurrency exchanges.

    Despite the war on crypto, Chinese mines power nearly 80 percent of the global trade in cryptocurrencies.

  • Russia considers crypto ban, part two

    The proposed ban on cryptocurrency investments comes as Russia was said to be working on its own ruble-backed digital currency.

    Roughly $5billion in crypto transactions take place in the country annually, and nearly 12 percent of the population may already own crypto, according to Fortune.

    That was compared with a little more than 8 percent of the US population that owns crypto.

    Russia also reportedly invested in crypto in 2019 to limit the impact of sanctions over meddling in the 2016 US Election, Fortune reported.

  • Russia considers crypto investing ban

    Russia’s central bank is reportedly looking to ban cryptocurrency investments amid its longtime skepticism of digital currency.

    The ban by the country’s financial authority would prevent future transactions, Fortune reported, but it wouldn’t require current holders to divest their portfolio.

    The central bank gave digital currencies legal status in 2020 but did not authorize their use as a means of payment, according to Fortune.

  • Robinhood prepares to launch cryptocurrency wallet

    Robinhood announced a new partnership with a 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.

    More than 1.6million people are on a waitlist for the new feature, according to Motley Fool.

  • Risks of Robinhood, part three

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

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

  • 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 choose Robinhood to 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.

  • Can you trade crypto on Robinhood?

    Unlike most of its discount rivals, Robinhood offers 24/7 crypto trading through its platform.

    That means you’ll have access to trade major cryptocurrencies including, DogecoinEthereum, and Bitcoin.

    Its crypto investors can buy or sell with a market order, which means it’s executed at the current market price.

  • What is Robinhood? Continued

    Unlike many discounted brokers, the company does not offer individual retirement accounts.

    The bulk of Robinhood’s revenue comes from order flow.

  • 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.

  • More than 50 countries place bans

    51 countries have placed bans on cryptocurrencies, according to a report from the Global Legal Research Directorate of the Law Library of Congress.

    To date, nine countries have a total ban, and 42 have an implicit ban. The implicit ban forbids financial institutions from using crypto.

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

  • Seven crypto ads banned, part two

    The Advertising Standards Authority is looking to produce new guidance on cryptocurrency.

    Monitoring crypto assets is a “red-alert priority” for the regulatory agency, BBC News reported.

    The news outlet said companies with ads found to have broken the rules were:

    • Coinburp: A Twitter page for the cryptocurrency trading platform
    • eToro (UK): A paid ad for the stocks and cryptocurrency trading platform
    • Payward: A digital poster for Kraken, an online cryptocurrency exchange
    • Exmo Exchange: A YouTube video promoting the cryptocurrency exchange
    • Luno Money: An in-app ad for the cryptocurrency exchange service Luno
    • Coinbase Europe: A paid Facebook ad for the cryptocurrency exchange platform
    • Papa John’s GB: A promotion on the Papa John’s pizza restaurant chain’s website and in a Twitter post
  • UK regulator bans seven crypto ads

    The United Kingdom’s Advertising Standards Authority (ASA) banned seven cryptocurrency advertisements following concerns.

    BBC News reported one banned ad included a promotion by a pizza chain while a second involved Facebook ads for a big cryptocurrency exchange.

    All seven ads were “banned for irresponsibly taking advantage of consumers’ inexperience and for failing to illustrate the risk of the investment”, the news organization reported.

  • Banks embrace crypto, continued

    Executives at large banks are beginning to hop on the cryptocurrency train as some invest their time in learning about the new payment method.

    Bank of America spokesman Mark Pipitone told the New York Times, “The bank sees potential in blockchain, and we’re currently a leading patent holder in the space with more than 160 patents. But we still haven’t found a use at scale to make the financial lives of customers and clients better.”

  • Banks embrace crypto

    Banks are paying for slowly catching on to the future of cryptocurrency as they struggle to benefit and profit.

    As cryptocurrency start-ups explode, they are starting to offer credit cards and loans while banks are left in the dust.

    According to the New York Times, “Bank of America’s chief executive, Brian Moynihan, barred the giant company’s wealth managers from putting any client money into cryptocurrency-related investments.”

  • Crypto investor death mystery, continued

    Cotton took with him to the grave the keys that allowed access to a digital vault containing cash investors ploughed into Quadriga CX.

    Jilted investors have demanded his corpse be exhumed and tests run to confirm it is his body.

    Criminal probes continue by the Royal Canadian Mounted Police and the FBI as leading digital investing publication Coindesk branded his death as “crypto’s biggest mystery”.

  • Crypto investor death mystery

    A new documentary on rogue crypto trader Gerald Cotton, who took up to $215million in Bitcoin and other digital currencies to his grave, has sparked rumors he may have faked his death.

    Cotton’s sudden death from complications of Crohn’s disease at age 30 shocked the crypto world – but some believe it may have been part of an elaborate “exit scam”.

    One source in the documentary goes as far as to claim Cotton may have used a substance known as “Haitian zombie powder” to fake his death.