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Cryptocurrency price news – Shiba Inu down today as Bitcoin also falls after


SHIBA Inu and Bitcoin are down today after President Biden 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 marshalling a whole-of-nation effort to confront cyber threats.”

The White House also signaled that the US will gather 30 other countries, including NATO and G7 allies, to discuss responses to cybercrime.

“This month, the United States will bring together 30 countries to accelerate our cooperation in combatting cybercrime, improving law enforcement collaboration, stemming the illicit use of cryptocurrency, and engaging on these issues diplomatically,” it read.

Federal Reserve chair Jerome Powell also announced Thursday that there are no plans to ban cryptocurrency in the US, and prices soared 10 percent.

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

  • EL SALVADOR ADOPTS BITCOIN, CONTINUED

    However, those who do not have access to technologies that can carry out Bitcoin are excluded from being required to accept it.

    The US dollar and Bitcoin are now the country’s official currencies.

    It’s the first time Bitcoin has been adopted as a legal tender in a sovereign nation.

  • EL SALVADOR ADOPTS BITCOIN

    The nation’s president Nayib Bukele passed a bill in June that stated that from September 7, Bitcoin can be used in any transaction and all businesses must accept the e-currency as payment.

    The law also states that tax contributions can be paid via Bitcoin and exchanges in the cryptocurrency will not be subject to capital gains tax.

    Under the new law, El Salvador will “promote necessary training and mechanisms so that the population can access [Bitcoin] transactions.”

  • US SET TO ‘STEM ILLICIT USE OF CRYPTOCURRENCY’

    A recent statement from President Joe Biden read: “Cyber threats can affect every American, every business regardless of size, and every community.”

    “That’s why my administration is marshalling a whole-of-nation effort to confront cyber threats.”

    The White House signaled that the US will gather 30 other countries to discuss responses to cybercrime.

    “This month, the United States will bring together 30 countries to accelerate our cooperation in combatting cybercrime, improving law enforcement collaboration, stemming the illicit use of cryptocurrency, and engaging on these issues diplomatically,” it read.

  • ALEXIS OHANIAN ON CO-FOUNDER OF ETHEREUM, VITALIK BUTERIN, CONCLUSION

    “I’ve never been more excited about the potential of the Internet,” Ohanian added.

    “And that’s largely thanks to Vitalik Buterin.”

    Buterin is the co-founder of Ethereum and also co-founded Bitcoin Magazine in 2011.

  • ALEXIS OHANIAN ON CO-FOUNDER OF ETHEREUM, VITALIK BUTERIN, CONTINUED

    “No one person could’ve possibly come up with all of the uses for Ethereum, but it did take one person’s idea to get it started,” Ohanian added about Buterin.

    “From there, a new world has opened up, and given rise to new ways of leveraging blockchain technology—some of which I’ve invested in.”

    “Whether it’s startups like Sorare reinventing fantasy sports or Rainbow users showing off their NFT collections, none of this would’ve existed without Vitalik’s creation.”

  • ALEXIS OHANIAN ON CO-FOUNDER OF ETHEREUM, VITALIK BUTERIN

    “Thanks to Reddit’s r/Ethereum community, I’ve had the privilege of following Vitalik Buterin’s career from early on, which is why I’ve taken a certain pride in watching his legacy grow,” Ohanian wrote of the programmer.

    “Sure, we can talk about the value he’s created as the platform’s co-founder, including Ethereum’s impressive market cap of around $400 billion, the dazzling world of decentralized apps and this year’s boom in the trading of NFTs.”

    “What makes Vitalik so special, though, is that he is a builder’s builder.”

  • ONE OF THE CO-FOUNDERS OF ETHEREUM NAMED A TIME 100 MOST INFLUENTIAL PERSON

    One of the co-founders of Ethereum, Vitalik Buterin, was named one of Time magazine’s 100 Most Influential People of 2021.

    Former executive chair of Reddit Alexis Ohanian praised him in a write-up for the piece.

  • CHINA PREVIOUSLY SHUT DOWN CRYPTO EXCHANGES, PART TWO

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

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

  • CHINA PREVIOUSLY SHUT DOWN CRYPTO EXCHANGES

    It’s not Beijing’s first move against digital currency – in 2017, China shut down its local cryptocurrency…



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