SHIBA Inu coin is up on Coinbase on Tuesday, as is Bitcoin after Square CEO Jack Dorsey revealed the company is looking to get into crypto mining with that currency.
“Square is considering building a bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide,” CEO Dorsey said in a tweet on Friday.
“If we do this, we’d follow our hardware wallet model: build in the open in collaboration with the community.”
Bitcoin’s price hit a six-month-high of $62,000 after the tweet, Business Insider reported.
Plus, crypto prices saw some changes after President Biden’s statement drawing attention to potential pitfalls of the currency, such as ransomware and other cyber threats.
The statement from Joe Biden read: “Cyber threats can affect every American, every business regardless of size, and every community. That’s why my administration is marshaling a whole-of-nation effort to confront cyber threats.”
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WILL LITECOIN HIT $500? CONTINUED
Odds are this helped give Litecoin a boost as well.
In 12 months’ time, the price of Litecoin could exceed $255, according to Wallet Investor.
But near the end of 2026, Wallet Investor sees Litecoin exceeding $557.
WILL LITECOIN HIT $500?
Litecoin exploded to $412.96 in early – the closest it has ever gotten to the $500 mark.
Now, however, Litecoin trades at $174.90. In the past 24 hours, Litcoin has risen 3%.
While China has banned all cryptocurrency transactions, big brother Bitcoin has gained on recent favorable news coming from the U.S.
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.
CRYPTO CASTLE? (PART TWO)
The therapist says Bitcoin addicts are often addicted to drugs and booze.
He said: “Commonly, people start because they want to buy stuff off the dark web. And the only way to do that is with cryptocurrency.
“The biggest problem is this cross addiction [with crypto] starting—through drugs and alcohol.”
Since 2017, Tony has treated 15 people who have been addicted to crypto.
Users travel from the likes of the United States, Dubai, Malta and the Netherlands to get treatment at the clinic.
Tony says that too many stories about Bitcoin are about people who have made fortunes – and not the traders who have gambled their lives away.
A rehab clinic in Scotland claims to be the first in the world to treat cryptocurrency addiction.
Castle Craig, a private hospital in Peeblesshire near Edinburgh, has seen admissions for Bitcoin addicts increase by a factor of 10 in the…