BITCOIN slumped slightly following an error by a data provider run by Wall Street big-hitters, which showed a 90 per cent plunge in Bitcoin.
Pyth, which provides financial data to a number of major investment firms, confirmed in a tweet on Monday that a glitch was behind the issue.
The blunder did not turn up on other platforms, meaning only Plyth customers were affected.
It’s hard to tell if the glitch had an impact on Bitcoin’s market price, or whether it impacted investors.
As of Thursday, Bitcoin’s value was sitting at around $43,000.
CoinBase may soon eclipse Bitcoin in the crypto space.
“Coinbase brings a different level of credibility to the space, being the only publicly listed company in the cryptocurrency industry,” AMBCrypto reported.
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WHAT IS SHIBA INU COIN?
Shiba Inu is a cryptocurrency token that allows users to hold trillions of them.
The tokens feature the same Shiba Inu dog as Dogecoin, which has risen massively in popularity recently.
WHO FOUNDED ALCHEMY PAY?
The cryptocurrency was co-founded by payments industry veterans Molly Zheng, Shawn Shi and John Tan.
Trading for Alchemy Pay first began in September 2020.
According to Alchemy Pay, it is the “world’s first” hybrid crypto and fiat payment gateway.
Through Alchemy Pay, users are allowed to receive payments in the local currency of their choice, regardless of how it is sent.
WHICH COUNTRIES MIGHT ADOPT BITCOIN?
Other potential adopters of Bitcoin may soon include the likes of Brazil, Argentina, and Nicaragua, all of which have either voiced support for El Salvador’s adoption of Bitcoin or have politicians and populations that are broadly supportive of cryptocurrency.
Jeff Bandman, a cryptocurrency and digital assets expert, told Forbes: “For some countries seeking an alternate path to pegging their currency to the dollar, sterling or euro, an intriguing choice is whether to outsource monetary policy to the Bitcoin algorithm.
Giveaway scams often pose as celebrities or well-known figures and ask victims to send Bitcoin, promising to send back a much larger amount.
Many giveaway scams are marketed over social media, attempting to connect through Facebook, Twitter, or Instagram.
For instance, victims reported sending more than $2million to scammers impersonating Elon Musk.
EXPERTS ‘OPTIMISTIC’ ABOUT BITCOIN’S FUTURE
Maggie Wu, the CEO of blockchain venture capital firm Krypital Group, says challenges in Bitcoin adoption do exist, however told Forbes she’s optimistic about its future.
“I believe that Bitcoin adoption is conceivable, especially in the relatively small developing countries with inadequate monetary systems where the recognition of digital currencies there is relatively high,” she said.
SHIBA INU STRIVES TO BE ALTERNATIVE TO DOGECOIN
Shiba Inu coin now operates on its own Etherem blockchain.
The currency strives to be an Ethereum-based alternative to Dogecoin by…