Cryptocurrency price news – Shiba Inu coin down today and Bitcoin up as Burger King offers FREE Ethereum and Dogecoin

BURGER KING GIVING AWAY CRYPTO

Burger King announced it is partnering with RobinHood to give away cryptocurrency.

The promotion started this month and runs until December, a company statement said.

“Royal Perks members get a side of crypto with any $5+ purchase,” it read.

“Earn a crypto coin with an eligible order once per day. But hurry, this is a limited-time promotion!” the website warned.

LOGAN PAUL’S CRYPTOZOO PROJECT, CONTINUED

Users can use the crytocurrency’s native token, $ZOO, and wETH to purchase “NFT eggs” needed for breeding new animals, which would be considered the NFts.

Paul says he and his team have invested $1million to ensure its success.

WHAT IS LOGAN PAUL’S CRYPTOZOO PROJECT?

Logan Paul has described his new project, Cryptozoo, as an autonomous ecosystem where zoo owners can breed, collect, and trade exotic hybrid animals as NFTs (non-fungible tokens).

Cryptozoo claims that it will allow its users to make hybrid NFT animals that can yield tokens and in return, yield them profit. 

DIGITAL WALLET, CONTINUED

As with other cryptocurrencies, people will be able to buy and sell libras on exchanges for traditional currencies.

Facebook said that its alternative currency paves the way for smoother transactions and payments online.

The project however faced regulatory resistance over concerns about security and reliability.

In December 2020, Libra changed its name to Diem and moved its operations from Switzerland to the US as part of a “strategic shift.”

WHAT IS A DIGITAL WALLET?

A digital wallet is a gadget or piece of software that securely stores users’ payment information and passwords for numerous payment methods.

They allow users to store cryptocurrencies, make online or in-store purchases, and track their finances.

In 2019 Facebook said it plans to introduce a cryptocurrency that at the time was called Libra.

The tecg titan said it wanted to create a separate, private currency system to allow users to make cross-border payments more easily.

THE POTENTIAL TO BECOME RICH

The early success of the crypto may sound promising to those looking to rake it in.

BITCOIN LATINUM ANNOUNCES LISTING ON TOP CRYPTO EXCHANGE

Bitcoin Latinum (LTNM) is gaining momentum, as it announced on October 29 that it plans to be listed on HitBTC Exchange, which is a top crypto exchange.

The official trading is expected to begin at the end of this year.

Bitcoin Latinum was developed on behalf of Bitcoin Latinum Foundation, by Monsoon Blockchain Corporation.

The cryptocurrency is expanding its global acceptance, with HitBTC exchange being the seventh exchange to list Bitcoin Latinum.

SWISS REGULATOR APPROVES FIRST CRYPTO FUND

Switzerland’s Financial Market Supervisory Authority has approved the first Swiss crypto fund, Bitcoin.com reported.

FINMA revealed the fund is called “Crypto Market Index Fund.”

It noted that it is “an investment fund according to Swiss law belonging to the category ‘other funds for alternative investments’ with particular risks.”

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.”

WHAT IS TETHER?

The Tether cryptocurrency, which is also known as USDT, was officially launched as Realcoin in 2014, but has since changed its name.

It’s described as a “stablecoin”, which is a type of cryptocurrency that aims to keep crypto values stable.

Tether aims to do this by pegging the price to a regular “fiat” currency, like US dollars, Euros or the Chinese yuan.

Tether claims to keep values steady by holding reserves in that currency in a bank.

NO GUARANTEED RETURNS

There are no guarantees when it comes to cryptocurrencies, so when someone mentions “guaranteed returns,” they are often scammers.

There is no way to eliminate the element of risk from cryptocurrencies, although scammers may try to convince you otherwise.

Check out these other ways to spot scammers in the crypto space.

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 marshaling 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.

WHAT ARE ALTCOINS? CONTINUED

Simon Peters, crypto-asset analyst at eToro, said: “They build on the success of bitcoin by slightly changing the rules, economics or use cases to appeal to different users.”

“Altcoins vary greatly in their use cases and practical application. They typically have a form of technology they underpin or provide a liquidity solution to a product or service.”