Shiba Inu coin is down today, while Bitcoin is up, as the GYEN cryptocurrency launches on CoinBase.

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Shiba Inu coin is down today, while Bitcoin is up, as the GYEN cryptocurrency launches on CoinBase.

On Wednesday, the SHIBA Inu currency fell again as Bitcoin climbed slightly and GYEN was introduced on Coinbase Pro.

Coinbase has started “accepting inbound transfers of GYEN,” with trading expected to start “on or after 9 a.m. Pacific Time (PT) Wednesday, November 10 if liquidity conditions are met.”

Meanwhile, according to Coinbase, Bitcoin increased somewhat, but Shiba Inu fell once more. On the crypto site, Shiba Inu currency has dropped 24.84 percent in the last seven days.

Shibu Inu is a cryptocurrency token that can be held in trillions of dollars. Shiba Inu tokens feature the same dog as Dogecoin, a cryptocurrency that has become one of the most popular this year.

In addition, when asked if he owns Bitcoin or Ethereum at the New York Times DealBook conference, Apple CEO Tim Cook said, “I do.” According to CNBC, “I believe it is appropriate to purchase it as part of a diversified portfolio.”

“By the way, I’m not providing anyone investment advice,” he continued.

For the most recent news and updates, visit our bitcoin live blog…

WHAT IS LITECOIN AND HOW DOES IT WORK?

The cryptocurrency is little, as the name implies.

Litecoin, on the other hand, was created in 2011 by Google developer Charlie Lee and works in a similar way to Bitcoin.

Mr. Lee has referred to Litecoin as the “silver to Bitcoin’s gold” on several occasions.

In terms of how their global payment operations are set up, the two cryptocurrencies are comparable. Financial institutions have no control over either.

‘FRIENDS’ SUGGESTIONS

To persuade people to join as “members,” multi-level marketing scammers frequently exploit the terminology of cryptocurrencies.

Cryptocurrencies have investors rather than members.

Instead of taking financial advice from friends and relatives, use price-tracking services like CoinMarketCap, CoinGecko, or CoinPaprika, and always do your homework before investing.

THE BITCOIN SCANDA OF STEVEN SEAGAL

Seagal, who starred in LUnder Siege and Half Past Dead, was paid to promote “Bitcoiin2Gen” (B2G), a scam that left 500 investors out of pocket in cash and other cryptocurrencies after he mistakenly backed the scheme.

For participating in advertising materials for the con artists, Seagal was reportedly promised $250,000 and £750,000 worth of B2G.

In a post to his 7 million Facebook fans, he “wholeheartedly” praised the scam and participated in a news release for them.

SCAM OF A CRYPTOCURRENCY GIVEAWAY

Scammers often masquerade as celebrities or well-known figures in giveaway scams and persuade victims to transfer Bitcoin in exchange for a much higher sum.

Many giveaway scams are advertised on social media, with users attempting to connect via Facebook, Twitter, or Instagram.

Scammers mimicking Elon Musk, for example, have been claimed to have received more than $2 million from victims.

IMPOSING AS A GOVERNMENT AGENCY OR BUSINESSAs Inverse points out, many phishing schemes aim to mimic a government agency or business in order to gain your attention.

Some… Brinkwire News in a Nutshell.

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