BITCOIN and Ethereum are going to be traded on Wall Street and Coinbase now allows user deposits to its accounts.

The S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index will measure the performance of digital assets linked to them in the trading rooms, according to Money Control.

Meanwhile, Coinbase will allow its users to deposit paychecks directly into their accounts online, according to CNBC.

Bitcoin and other cryptocurrencies are now on the rise despite the fall after China’s central bank announced that all cryptocurrency trading is illegal in the country and that token mining is banned.

Bitcoin fell 5.5% and Ethereum plunged about 6% on Friday, according to Coinmarketcap.

But on Monday, the price of bitcoin has jumped nearly 5% since Sunday and Ethereum has jumped to 12%, Forbes reported.

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

  • RISKS OF INVESTING IN CRYPTOS, PART THREE

    A third risk of investing in cryptocurrencies is product complexity.

    The complexity of some crypto-asset related products and services can prevent consumers from understanding the risks.

    There is no guarantee that cryptoassets can be converted back to cash.

    The conversion of a crypto-asset into cash depends on the existing demand and supply in the market.

  • RISKS OF INVESTING IN CRYPTOS, PART II

    Another investment risk is price volatility.

    The high volatility of crypto-asset prices, combined with the difficulties inherent in a reliable valuation of crypto-assets, puts consumers at high risk of loss.

  • RISKS OF INVESTING IN CRYPTOs

    We have rounded up five risks of investing in cryptocurrencies.

    The first is Consumer protection.

    Certain investments showing high returns based on crypto assets may not be subject to regulation beyond anti-money laundering requirements.

  • blockchain scams

    Cryptocurrencies operate on blockchain networks.

    Scammers often claim their blockchain is ‘in development’ or ‘about to be released’, but all legitimate cryptos will have an accompanying website to verify the currency.

    Users can type the name of the crypto into any search engine with the phrase “blockchain explorer” or “blockchain scan” to find the connected blockchain, if it exists.

  • AUDIUS VALUE FLIES

    After its deal with TikTok, Audius’ price has climbed 109% in the past 24 hours at the time of writing, according to CoinMarketCap.

    Its price now stands at $ 3.55, down from $ 1.88.

    However, that’s not a record for the coin – in March, Audio climbed to $ 4.18, from $ 2.50 the day before as the platform’s profile began to grow.

    However, it fell soon after, and despite rising in May, it has fallen since until the end of July.

  • A HAMSTER CRYPTO-TRADING MARKET OUTPUTS THE MARKET

    A hamster in Germany trades cryptocurrencies and is currently outperforming the S&P 500.

    The furry animal, called Mr Goxx, has been working since June, thanks to a specially adapted cage.

    He determines which currencies to buy or sell by running on his wheel or walking through one of the two tunnels.

    Mr Goxx started trading on June 12 of this year and on Friday he was up 24% on the S&P 500, according to his Twitter page. @mrgoxx.

    The site states that the page is for fun and does not offer financial advice.

  • HUOBI CRYPTOCURRENCY EXCHANGE STOP TAKING NEW CONTINENTAL CUSTOMERS

    Chinese cryptocurrency exchange Huobi Global said on Sunday it had stopped taking new mainland clients as of Friday and would end contracts with mainland clients by the end of the year to comply with regulations. local.

    Chinese regulators stepped up the crackdown on Friday, banning cryptocurrency transactions and mining, clarifying that foreign exchanges are not allowed to provide services to mainland investors via the internet.

    Huobi Global said in a statement that it will proceed with an orderly exit of its existing mainland customers on the assumption that the security of their assets is guaranteed.

  • PYTH CAUSES HUGE BITCOIN FALL

    According to Bloomberg, an error on Monday caused the Pyth platform to incorrectly show that the price of Bitcoin had fallen to around $ 5,400.

    That would have been a catastrophic drop from around $ 50,000 earlier this month.

    A number of Bitcoin fanatics have sounded the alarm bells online, but it turns out they have nothing to fear.

    Pyth, who provides financial data to a number of large investment firms, confirmed in a tweet Monday that a glitch was at the root of the problem.

  • THE DIFFERENCES OF TEZOS

    Tezos sets itself apart from other major cryptocurrencies, including Bitcoin and Ethereum, which use the proof-of-work blockchain in several key ways.

    According to Tezos, its proof-of-stake algorithm not only costs less, but is also more environmentally friendly.

    “The apparent growth of non-fungible tokens (NFTs) has helped propel cryptos like Tezos out of niches in the cryptocurrency space,” Myron Jobson, personal finance activist and interactive investor, told The Sun.

    He adds that “more some investors have turned to other less established players like Tezos to experiment at a lower cost.”

  • NO RETURN GUARANTEED

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

    There is no way to remove 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.

  • HOT TIPS FROM “FRIENDS”

    Multilevel marketing scammers will often use the language of cryptocurrencies to trick people into joining as ‘members’.

    Cryptocurrencies don’t have members, they have investors.

    Avoid receiving investment advice from friends and family; Instead, turn to price tracking websites like CoinMarketCap, CoinGecko, or CoinPaprika, and always do your research before investing.

  • CHINA PREVIOUSLY CLOSED TRADE IN CRYPTO, PART II

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

    Thursday’s statement from the central bank sent the strongest signal yet that China is closed to crypto.

  • CHINA PREVIOUSLY CLOSED TRADE IN CRYPTO

    This isn’t Beijing’s first step against digital currency – in 2017, China shut down its local cryptocurrency exchanges.

    Despite the war on crypto, Chinese mines fuel nearly 80% of the global cryptocurrency trade.

  • THE ‘MUSK’ EFFECT ON CRYPTO

    Elon Musk has once again been linked with activity in the crypto markets.

    Earlier this week, Telsa’s CEO tweeted about the arrival of his new Shiba Inu puppy, Floki.

    A few days later, the price of the Shiba Inu coin skyrocketed.

  • KRAKEN STAFFER TWEETS ON CRYPTO

    Dan Held, who is behind Growth for Kraken Exchange, which allows users to buy bitcoin and other cryptocurrencies, tweeted about the crypto on Monday.

    “I put my savings in Bitcoin because I have a risk aversion,” he wrote.

  • DECLARATION BY CHINA, 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 crackdown on crypto opens the doors for China to introduce its own digital currency, which it is already working on and will allow the central government to monitor transactions.

  • CHINA DECLARATION

    The PBOC said it would “resolutely crack down on virtual currency speculation, financial activities and inappropriate behavior in order to protect people’s property and maintain economic, financial and social order.”

    He said trading in virtual currencies has become “widespread, disrupting the economic and financial order, giving rise to money laundering, illegal fundraising, fraud, pyramid schemes and other activities. illegal and criminal ”.

  • STOCK IN CRYPTO’S COMPANIES ALSO FUCK

    Shares of cryptocurrency-related companies Coinbase Global, MicroStrategy Inc, Riot Blockchain, and Marathon Patent Group fell after China’s central bank banned crypto trading and mining.

    “It’s been a very volatile week to say the least, so I think as we approach the last week of September volatility is likely to continue, especially with the end-of-quarter facade,” said Peter Cardillo, economist. Chief Markets Officer at Spartan Capital Securities in New York.

    Investors are also looking for signs of progress on President Joe Biden’s spending and bills.

  • CHINA’S CRYPTO REPRESSION IS “A GREAT OPPORTUNITY” FOR US

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

    It comes as the United States Securities and Exchange Commission has pushed for more cryptocurrency regulations.

  • WILL THE CHAIN ​​LINK INCREASE TO $ 35?

    Crypto investor Justin Bennett sees Chainlink hitting $ 35.

    He told The Daily Hodl: “The $ 27.50 area may attract a few sellers as it is the 50% retracement of the correction.

    “That said, a daily close above $ 25 should tip the area into support.

    “If Chainlink can get past the $ 27.50 zone, there isn’t much to stop a $ 35 run.”

  • blockchain scams

    Cryptocurrencies operate on blockchain networks.

    Scammers often claim their blockchain is ‘in development’ or ‘about to be released’, but all legitimate cryptos will have an accompanying website to verify the currency.

    Users can type the name of the crypto into any search engine with the phrase “blockchain explorer” or “blockchain scan” to find the connected blockchain, if it exists.

  • HELIUM ON THE RISE

    Crypto-helium price predictions have skyrocketed and could be the next cryptocurrency to explode in 2022.

    Experts predicted it would be a lucrative investment in the crypto space. as price predictions have intensified ahead of this week’s big launch, as the network connects people through shared hotspots.