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Coinbase's NFT platform should be like Instagram and may eventually overtake cryptocurrency trading, CEO says
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. .

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‘Wolf of Wall Street’ Jordan Belfort is urging people to pump his Twitter followers and Dogecoin
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While the biggest cryptocurrency trades strong, its market dominance has been dipping as investors shift to altcoins, said CoinDCX Research Team.
As this platform does business as a separate entity from Binance, the users’ digital assets will be stored in Binance.US wallets only.

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Earlier, we presented a chart indicating how Binance has gone from essentially a non-player in the U.S. crypto market a few quarters ago to now doing significant volume. With the recent hiring of Brian Brooks, who certainly has the connections to tap into the right areas, Binance.US could be set up for a very bright future.

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Although exact active currency numbers fluctuate and individual currencies’ values are highly volatile, the overall market value of all active cryptocurrencies is generally trending upward. At any given time, hundreds of cryptocurrencies trade actively.

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    Some investors have predicted even bigger gains for Bitcoin, despite continued criticism of the cryptocurrency by JPMorgan Chase (JPM)CEO Jamie Dimon, who has called the coin "worthless."

    ARTICLESCryptocurrency Prices Today: Bitcoin and Ethereum gain over 10% in the last week'Fast money' drives Bitcoin, ether to new record highsFrom stronger college applications to saving on tuition fees, here’s how AP benefits studentsJP Morgan predicts Bitcoin to reach $146,000 in long run and $73,000 in short-term
    “Good thing Americans are forced on to these dogshit exchanges where they can get completely scammed on unreasonably thin books. This type of shit just shouldn’t be happening. It’s not fair that some get stopped out and some stay in, some get fills and some don’t.”BTC/USD 1-hour candle chart (Binance). Source: TradingView

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    The value of cryptocurrency is also driven by scarcity. This alludes to the cryptocurrency’s finite mechanism. The Bitcoin protocol sets the maximum amount of BTC that can be mined at 21 million. Therefore, as more people enter the crypto space, Bitcoin’s scarcity will inevitably increase, causing its price to increase. Some coins also use the burning mechanism to increase their value by destroying a portion of the supply.

    Expect continued conversations about cryptocurrency regulation. Lawmakers in Washington D.C. and across the world are trying to figure out how to establish laws and guidelines to make cryptocurrency safer for investors and less appealing to cybercriminals.
    SafeMoon is still a relatively new cryptocurrency compared to others, having only launched in March 2021.

  • Will Bitcoin Drop Again

    Posts per day and new authors can be retrieved from each subreddit programmatically; each post is timestamped, so historical time series can be generated by iterating through the posts. Posts per day are used here rather than comments per day. Each post on Reddit can have a number of associated comments in a one-to-many type relationship. However, examples exist where huge numbers of comments are generated that are unrelated to market activity; for example, sometimes people give away small amounts of cryptocurrency to everyone who comments with their public blockchain wallet address; this causes a huge spike in comments (wavelet coherence between comments per day and price were also generated, but as was expected showed less significant relationships than posts per day and price).

    Jed McCaleb helped spread Bitcoin’s prominence in the industry’s early days as a result of starting Mt. Gox, a place that frequently hosted Bitcoin trading — despite its original function as a hub for fans of a game called Magic: The Gathering. However, it was rendered infamous when the platform fell apart in 2014.
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    Bitcoin’s surge continued overnight on Monday as the cryptocurrency soared to $68,568.85 in value in the early hours of Tuesday morning, according to Coinbase.

    The price of the bitcoin rose to an intraday high of $69,000 Wednesday, reflecting a 4.6% gain following the release of CPI data.
    Although mining periodically produces new cryptocurrency units, most cryptocurrencies are designed to have a finite supply — a key guarantor of value.

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This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Binance US names Ant exec Shroder president 10 September 2021 The US arm of Binance has appointed former Ant Group and Uber executive Brian Shroder president, replacing Brian Brooks who quit suddenly in August after just four months in the job.

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Fun StuffThe 'very British' note has been branded hilariously "passive aggressive" by web users.

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In the meantime, if you’re looking to invest in alternative cryptocurrencies, then we’d recommend eToro. eToro is one of the world’s largest online brokers and has over 20 million users globally. What’s more, eToro is regulated by the FCA, ASIC, and CySEC, allowing you to trade safely.

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Of late, crypto prices have risen on the back of comments from billionaire Elon Musk and Ark Investment Management LLC's Cathie Wood.

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