Cryptocurrency price news – ISO 20022 to be implemented by all federal banks as Shiba Inu coin ‘could be on RobinHood’

CRYPTO VALUES HIT HIGH THIS YEAR

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.

‘MILESTONE SCABILITY TEST’

Solana is on the rise following a “milestone scalability test” last month.

It hosted the “Degenerate Ape Academy”, a collection of digital artworks (NFT) on Solanart, a marketplace on the Solana network.

Myron Jobson, personal finance campaigner at Interactive Investor, told The Sun: “The collection of 10,000 artworks reported sold out in under 10 minutes. Each piece was ‘minted’ using the SOL token.”

He added that “there’s a sentiment among crypto evangelist that Solana has strengthened its status as credible challenger to Ethereum as the blockchain of choice for building decentralized applications”.

WHAT IS SOLANA?

Solana is a challenger to Ethereum as the blockchain of choice for building decentralized applications.

Similar to rivals such as Cardano, the project claims to offer a faster and more efficient alternative.

The idea and initial work of Solana began in 2017, but it didn’t officially launch until March 2020.

HACKERS STEAL $600MILLION

Hackers recently stole $600 million in a daring cryptocurrency heist after spotting a “vulnerability” in a blockchain site.

In one of the world’s biggest ever thefts, the cyber criminals exploited a weakness in Poly Network, a platform that looks to connect different blockchains so that they can work together.

The site said the hackers have taken thousands of digital tokens such as Ether.

EXPERTS DIFFER PREDICTING SHIBA INU’S VALUE

Plenty of cryptocurrency fans have predicted Shiba Inu’s value for 2022, but you should take it with a pinch of salt as it’s nowhere near guaranteed.

For example, crypto website Wallet Investor expects a value of up to $0.000018 in a year’s time.

Meanwhile, Coin Price Forecast expects it to hit a value of $0.00002336 by the middle of next year.

It then expects it to end the year at a slightly higher level of $0.00003037.

WHAT COULD CONTRIBUTE TO SHIBA INU’S VALUE?

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

Its value rose again on September 17 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.

EXPERTS WEIGH IN ON ALCHEMY PAY AND BINANCE

Shaun Heng, vice president of growth and operations at CoinMarketCap told The Sun that it’s challenging to assess the risk of many crypto projects like Alchemy Pay.

And while he isn’t a fan of Alchemy Pay’s crypto-linked cards, he did tout one its partners Binance, which is the largest crypto exchange by trading volume globally.

Heng said: “The partnership with Binance is most definitely a good sign of validation for the project.”

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.

RISKS OF ROBINHOOD CONTINUED

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.

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, Fidelity, TD Ameritrade, Merrill Edge, among others. 

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.

Since then, the crypto spaced has endured volatility.

LIMIT ORDERS

Alternatively, you can do limit orders, which are only executed at your specific limit price or cheaper.

Users can also buy or sell cryptocurrencies at fractional amounts, meaning they don’t buy a full coin, and place orders on their watch lists.

You can see the estimated buy or sell price for a cryptocurrency online or through the app.

CAN YOU DAY TRADE CRYPTO ON ROBINHOOD?

Yes, 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, Dogecoin, Ethereum, 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?

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.

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

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

LITECOIN PRICE PREDICTIONS CONTINUED

In 12 months’ time, the price of Litecoin could trade around $250, according to Wallet Investor.

It isn’t until the end of 2026 when the price is predicted to break $500.

Then there are more bearish cases from others such as LongForecast, which projects the price of Litecoin to range from just $85 to $106 at the end of 2024.

LITECOIN PRICE PREDICTIONS

In early May, Litecoin hit an all-time high of $412.96 – the closest it has ever gotten to the $500 mark.

Now, however, Litecoin trades around just $175.

For some, if the crypto space is able to keep up the momentum (as seen in the past month), it might just be a matter of when.

The most bullish forecast comes from PrimeXBT, which made a bold prediction in July for 2021: “If support can hold, after some sideways price action Litecoin could explode to around $3,000 per coin.”

But others aren’t as sanguine on the cryptocurrency surpassing the $500 mark by the end of 2021.

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.

COINBASE BRINGING IN ASSETS

According to MarketWatch, Coinbase has been attempting to increase activity and trading revenue by bringing on assets like Shiba Inu.

The platform only recently added Dogecoin as well.

The moves come after a number of rival exchange platforms added the popular cryptocurrencies to their rosters.

DIGITAL WALLET CONTINUED

As with other cryptocurrencies, people will be able to buy and sell libras on exchanges for traditional currencies.

Facebook said that its alternative currency paves the way for smoother transactions and payments online.

The project however faced regulatory resistance over concerns about security and reliability.

In December 2020, Libra changed its name to Diem and moved its operations from Switzerland to the US as part of a “strategic shift.”

WHAT IS A DIGITAL WALLET?

A digital wallet is a gadget or piece of software that securely stores users’…