Shiba Inu and Bitcoin UP as ‘Moongoose coin’ created after Rep’s comment

What are meme coins?

A 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.

What is Hbar crypto?

Hashgraph is similar to a blockchain and was created in 2017 by American computer scientist Leemon Baird.

The Hedera Hashgraph system is a distributed ledger built on Hashgraph and was created by Baird along with Mance Harmon.

HBAR is the cryptocurrency of the Hedera Hashgraph.

The company itself explains: “HBAR is the native, energy-efficient cryptocurrency of the Hedera public network.”

What is Ethereum?

Ethereum is a cryptocurrency that was released in 2015. It’s the second largest after Bitcoin.

In fact, some experts believe it has the potential to one day overtake Bitcoin as the dominant coin in the market.

It was founded by eight people, one of which is 27-year-old cryptocurrency “celebrity” Vitalik Buterin.

He recently became the world’s youngest crypto billionaire as Ethereum soared in value.

Ethereum is also a ledger technology – using “blockchain”, like Bitcoin – that companies are using to build new programmes.

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.

Who is behind Algorand?

The Algorand Foundation based in Singapore is behind the project.

Algorand claims that it speeds up transactions and improves efficiency when compared to bitcoin and other blockchains.

What is Algorand?

Algorand is a cryptocurrency of the Algorand blockchain, a public decentralized network on which smart contracts can be built.

It was created in 2019 by Silvio Micali, a professor a the prestigious Massachusetts Institute of Technology (MIT).

The computer scientist has also won the Turing Award for his work in the area of cryptography.

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.

Gamestop’s NFT marketplace rumors

Within the past month, rumors have been gaining traction on the internet that GameStop is partnering up with Loopring to launch an NFT marketplace.

The price of Loopring has risen over 400 per cent since the initial rumors began to spread.

Typically valued for less than one dollar, Loopring prices are now over $3 a share.

While no official announcement by either of the companies in question has been made in regards to a partnership, social media is full of users waiting for the statement.

How to check for 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 even exists.

Fake websites and crypto

One fairly widespread scamming technique is websites that appear to be a new cryptocurrency mining operation or investment opportunity.

These sites encourage investors to wire in money, sometimes offering investment “tiers” and promising greater returns.

But when users attempt to withdraw their cash, they are unable to and told to input even more cryptocurrency.

Crypto scams and dating apps

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.

‘Unvaxxed Sperm’ coin value crashes

The coin, which trades as “nuBTC,” exploded last week, jumping 500 percent on Wednesday to $0.000012 according to Coinbase.

However, the value of the coin crashed just two days later, and some users on Twitter blasted it as a “scam.”

By Monday at around noon, 93.25% of its value had been wiped out, and it was worth just $0.00000081.

‘Unvaxxed Sperm’ coin launched

The new coin was launched recently by activists who claim the Covid-19 vaccines affect fertility.

One of the coin’s developers who referred to himself only as ‘Fauci’ – told VICE: “To a degree, I’d say we are anti-vaccine.”

However, another developer claimed they were not anti-vax, telling the platform that they were “here to ensure the continuity of objective scientific inquiry.”

Why is Bitcoin bad for the environment?

The problem surrounds the amount of energy used to mine a single Bitcoin.

Within its first eight days of existence, DogeZilla was said to have grown into a super microcap of $500million from just $50,000. 

Billionaire Elon Musk has also already gotten involved with DogeZilla by posting a tweet.

Replying to a tweet about an underwater mud volcano, he wrote: “Cover story for Godzilla obv.”

GYEN PRICE PREDICTIONS

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.

Marie Tatibouet, chief marketing officer of crypto exchange Gate.io, told The Sun 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.”

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.

WHAT ARE RED FLAGS OF SCAMS?

Gizmodo shared that other red flags of the SQUID coin being illegitimate was that the website that the creators launched was filled with spelling and grammatical errors.

The crypto’s telegram channel also did not allow comments from outsiders, and its Twitter account did not allow users to reply to posts, which Gizmodo flagged as suspicious.

WHO IS BEHIND ALGORAND?

The Algorand Foundation based in Singapore is behind the project.

Algorand claims that it speeds up transactions and improves efficiency when compared to bitcoin and other blockchains.

WHAT IS ALGORAND?

Algorand is a cryptocurrency of the Algorand blockchain, a public decentralized network on which smart contracts can be built.

It was created in 2019 by Silvio Micali, a professor a the prestigious Massachusetts Institute of Technology…