Bitcoin price LIVE: Google advertisers can offer cryptocurrency from August plus Dogecoin surge after Coinbase listing

DOGECOIN has shot up in price after it was announced users will now be available to trade on Coinbase Pro.

"Starting today, transfer Doge into your Coinbase Pro account ahead of trading. Support for Doge will generally be available in Coinbase’s supported jurisdictions," the crypto exchange wrote in a blog post.

"Trading will begin on or after 9AM Pacific Time (PT) Thursday 3 June, if liquidity conditions are met."

The price increased by almost 10% following the announcement.

Read our cryptocurrency live blog below for the very latest updates…

  • The Sun

    WHAT HAPPENED WITH XRP?

    XRP climbed by 20% in 24 hours, according to businesscloud.co.uk, and hit $1.08 at around 7 am yesterday morning.

    However, since then it has fallen slightly to sit around $1.02.

    It’s not clear exactly why the price rose but it follows a week of volatility.

    Cryptocurrencies markets have generally dived in value recently following comments made by Tesla boss Elon Musk and a crackdown in China.

    A couple of weeks ago, Mr Musk announced Tesla would no longer accept Bitcoin payments to buy cars.

  • The Sun

    WHAT IS XRP?

    XRP is a form of digital currency that can be used on the Ripple network. It can either be transferred between individuals or banks.

    For example, if you need to send euros to someone who uses dollars, the Ripple network would convert this into XRP.

    The key difference between the two is that XRP is a coin, while Ripple is a network that allows the transfer of money.

    The founders of Ripple created XPR before the company Ripple existed. 

    Ripple was originally founded in California in September 2012 as Newcoin, Inc. before renaming itself Opencoin, Inc. the month after.

    In 2013, Opencoin Inc. was renamed Ripple Labs Inc., which was reincorporated as a Delaware corporation in 2014.

  • The Sun

    SPOUSES HIDING CRYPTO DURING DIVORCES

    A rising number of estranged spouses have began hiding their digital assets during divorce proceedings.

    So how do attorneys dig around for their crypto stash?

    “The hardest part for attorneys is first to determine whether there was an investment,” divorce attorney Sandra Radna told CNBC. “And then, once you have that suspicion, to go after it.”

    After determining whether your estranged partner has any digital assets, your attorney can file a court order to access their electronic devices.

    Computer experts can search for electronically stored info that signal crypto currency activity online or login credentials, proof of transfers and investments, or even information from past tax returns.

    However, not all cryptocurrencies will be as easy to track down.

  • The Sun

    INDIA’S BIGGEST BANK CONFIRMS CRYPTO BAN “NO LONGER VALID”

    India’s biggest bank, the Reserve Bank of India (RBI), has told banks that its ban on cryptocurrencies is “no longer valid”.

    It was expelled by the country’s Supreme Court over a year ago – but many banks have still been citing the RBI’s ruling banning customers from using services with crypto.

    On Monday, the RBI issued a notice saying, “Such references to the above circular by banks/ regulated entities are not in order as this circular was set aside by the Hon’ble Supreme Court on March 04, 2020 in the matter of Writ Petition (Civil) No.528 of 2018 (Internet and Mobile Association of India v. Reserve Bank of India).

    “As such, in view of the order of the Hon’ble Supreme Court, the circular is no longer valid from the date of the Supreme Court judgement, and therefore cannot be cited or quoted from.”

  • The Sun

    STATUE OF BITCOIN CREATOR COMING TO BUDAPEST

    A statue of Bitcoin creator Satoshi Nakamoto is being created in Budapest, Hungary.

    Creators Tamas Gilly and Reka Gergely recently revealed their design plans for the bronze bust.

    Initial sketches show a hooded figure – a nod to the unknown “people of the internet” and Bitcoin’s elusive creator.

    The Bitcoin creator's real-world identity doesn't matter, András Györfi, the project's initiator has stated.

  • The Sun

    #DOGECOINTO1DOLLAR IS TRENDING ON TWITTER

    The hashtag has now been used in 31.8k tweets so far and is on the rise.

    With the cryptocurrency on the rise again, there have been renewed calls across social media to push the price to $1.

    Dogecoin surged more than 30 percent today after Coinbase said it will make the meme-based cryptocurrency available to users on its trading platform.

  • The Sun

    HOW DOES BITCOIN WORK?

    To process Bitcoin transactions, a procedure called “mining” must take place, which involves a computer solving a difficult mathematical problem with a 64-digit solution.

    For each problem solved, one block of Bitcoin is processed. In addition, the miner is rewarded with new Bitcoin.

    To compensate for the growing power of computer chips, the difficulty of the puzzles is adjusted to ensure a steady stream of new Bitcoins are produced each day.

    There are currently about 21million Bitcoin tokens in existence.

    To receive a Bitcoin, a user must have a Bitcoin address – a string of 27-34 letters and numbers – which acts as a kind of virtual postbox.

  • The Sun

    BITCOIN MINING MANUFACTURER SLAMS CHINA’S CRACKDOWN

    A leading manufacturer of bitcoin mining machines has slammed China’s crypto mining crackdown.

    Zhang Nangeng, CEO of Nasdaq-listed Canaan Inc (CAN.O), said the sector makes better use of electricity, brings employment, and is prosperous for the local economy.

    “For-profit miners prefer regions with low electricity prices that indicate oversupply, and likely energy waste,” Zhang said.

    He explained that “bitcoin miners also help create jobs in impoverished regions and contribute to fiscal coffers.”

    It comes after restrictions announced last month by China’s State Council on bitcoin mining and trading.

  • The Sun

    BITCOIN MINING MANUFACTURER SLAMS CHINA’S CRACKDOWN

    A leading manufacturer of bitcoin mining machines has slammed China’s crypto mining crackdown.

    Zhang Nangeng, CEO of Nasdaq-listed Canaan Inc (CAN.O), said the sector makes better use of electricity, brings employment, and is prosperous for the local economy.

    “For-profit miners prefer regions with low electricity prices that indicate oversupply, and likely energy waste,” Zhang said.

    He explained that “bitcoin miners also help create jobs in impoverished regions and contribute to fiscal coffers.”

    It comes after restrictions announced last month by China’s State Council on bitcoin mining and trading.

  • The Sun

    NORWAY FINANCE MINISTER SAYS BITCOIN MAY YET SEE 'BREAKTHROUGH'

    The finance minister of Norway suggested the cryptocurrencies will at some moment move away from their current reputation and experience a period of "breakthroughs."

    In an interview on Tuesday Jan Tore Sanner said "It is clear that there may be a development over time, whereby you will be able to get more stabilisation mechanisms in the currencies that can lead to greater breakthroughs” 

    Sanner says he can’t see crypto assets going mainstream until they’re properly regulated, which European authorities are currently working on. For now, cryptocurrencies are also “popular with criminals,” he warned.

  • The Sun

    BITCOIN HEATING UP THE PLANET

    Bitcoin is currently producing an annual carbon footprint of 59.11 Mt CO2 roughly equal to Libya's and it consumes as much power as Pakistan according to the website Digiconomist.

    With a single Bitcoin transaction producing more than 700kg of carbon dioxide equivalent to the carbon footprint of more than 1.5m transactions using a Visa credit card.

    It was only last month that Elon Musk tweeted that Tesla would no longer be accepting Bitcoin for purchases due to its climate concerns.

  • The Sun

    HOW RISKY IS DOGECOIN?

    The Financial Conduct Authority (FCA) recently warned Brits they risk losing all of their cash when investing in cryptocurrency.

    Cryptocurrency investments often promise high returns but come with “very high risks”. They’re not protected like other types of investment either.

    “If consumers invest in these types of product, they should be prepared to lose all their money,” the FCA warned. Firms offering other cryptoassets must now be registered with the FCA , and anyone who does invest in cryptocurrencies should check before investing.

    But consumers are unlikely to be protected by the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 of your savings if a firm goes bust.

    You’re unlikely to take your complaint to the Financial Ombudsman Service (FOS) either, which typically only covers traditional savings and investments if something goes wrong.

  • The Sun

    WHAT IS DOGECOIN?

    Dogecoin is a cryptocurrency which was launched in 2013.

    Originally invented as a joke by the pair, the Dogecoin has the image of a Shuba Inu dog as its logo.

    Two weeks after its launch, the value of it jumped 300 per cent after China banned banks from investing in cryptocurrencies, according to Investopedia.

  • The Sun

    GOOGLE SET TO EXPAND SCOPE OF CRYPTO-RELATED ADS POLICY

    Google are set to update the Financial products and services policy in August 2021, clarifying the scope and requirements for ads of crypto currency.

    In a statement google said: "beginning August 3, advertisers offering Cryptocurrency Exchanges and Wallets targeting the United States may advertise those products and services when they meet the following requirements and are certified by Google."

  • The Sun

    DOGE TO THE FUTURE TEE ON SALE ON AMAZON

  • The Sun

    BITCOIN BULL MIKE NOVOGRATZ SAYS CRYPTO IS TOO SLOW TO BE A PAYMENT SYSTEM

    In an interview on the Exchange at Goldman Sachs podcast, the ex-hedge fund manager, formerly of the investment Fortress Investment Group played up bitcoin's use case as a store of value and asset class, and not a new form of payment.

    "Bitcoin's not going to be payments. The system really isn't set up for payments. It's not fast enough for thousands and thousands of transactions," he said.

  • The Sun

    HUNT CONTINUES TO FIND CRYPTO ELECTRICITY THIEVES

    The hunt to find people involved with a cryptocurrency 'mine' that stole more than £16,0000 in electricity a month from an abandoned Black Country warehouse continues.

    Sergeant Jennifer Griffin said: “It’s certainly not what we were expecting! It had all the hallmarks of a cannabis cultivation set-up and I believe it’s only the second such crypto mine we’ve encountered in the West Midlands.

    “My understanding is that mining for cryptocurrency is not itself illegal but clearly abstracting electricity from the mains supply to power it is."

  • The Sun

    BIDEN PROPOSES FIRMER REGULATIONS TO CATCH CRYPTO TAX EVADERS

    Biden's Fiscal year 2022 Revenue Proposal has aims to catch tax evaders within crypto currency by reinforcing existing information reporting rules and information sharing agreements between jurisdictions. 

    The proposal also recommends an additional reporting requirement when businesses receive cryptocurrency in excess of $10,000 in a transaction.

    According to Biden’s proposal, cryptocurrency can easily be exploited with tax evasion due to the digital nature, making it easy to conceal in offshore exchanges without ever having to leave the country.

  • Joseph Gamp

    COINMARKET CAP PREDICTIONS

    CoinMarketCap has shared its monthly predictions for popular cryptocurrencies – that suggest a hike in prices.

    SafeMoon is predicted to jump up by over 80% on average, while dogecoin surprisingly comes at the bottom of the barrel – with less than a 10% gain.

    Dogecoin has already excelled its $0.40 prediction and is now heading for $0.45.

  • Joseph Gamp

    STANDARD CHARTERED PLC JOIN CRYPTO WORLD

    Standard Chartered Plc have decided to step into the crypto world.

    The technology sector of the London-based bank are joining with Hong-Kong investment group BC Technology Group Ltd to buy and sell virtual currencies.

    The head of SC Ventures, Alex Manson, said he had a “strong conviction that digital assets are here to stay and will be adopted by the institutional market as a highly relevant asset class.

    “We are constructing the building blocks for a safe and reliable investment infrastructure,” he explained.

  • Olivia Burke

    SNACK MAKER SLIM JIM SHARE DOGE SUPPORT

  • Olivia Burke

    HARAMBE PIC AUCTIONED AS NFT

    A photograph of the infamous gorilla Harambe who was shot dead in a US zoo is being auctioned as a non-fungible token (NFT) to mark the fifth anniversary of his death.

    The popular primate was tragically killed on May 28, 2016, when a three-year-old boy fell into his enclosure.

    Now, the infamous image of Harambe enjoying his first day in his enclosure at the Cincinatti Zoo is set to be bid on for digital ownership.

    NFT’s allow people to gain ownership of digital content – such as memes, videos, images, or tweets – for a price.

    It has already been shared over five billion times online, according to the auction organisers, after his death sparked a wave of memes.

    The sale of the legendary portrait of the much-loved gorilla as an NFT comes after the ‘Disaster Girl’ meme sold for £341,000 and the ‘Charlie Bit My Finger’ video earned a whopping £538,000 at auction.

    Credit: Reuters
  • Olivia Burke

    CANADIAN DENTAL CLINIC STARTS TAKING CRYPTO

    A dentist in Ontario will allow patients to pay for services in cryptocurrencies.

    People will be able to pay digitally for any procedure, ranging from a standard checkup to children’s braces at Southdown Dental in Mississauga.

    The dental clinic said the move was in response to the “growing positive sentiment towards cryptocurrency.”

    “This is an exciting shift to be the first Canadian dental clinic to take the leap into a new territory that will offer our patients new options during a very uncertain time,” Dr. Bob Vavaroutsos said.

  • Olivia Burke

    SPOUSES HIDING CRYPTO DURING DIVORCES

    A rising number of estranged spouses have began hiding their digital assets during divorce proceedings.

    So how do attorneys dig around for their crypto stash?

    “The hardest part for attorneys is first to determine whether there was an investment,” divorce attorney Sandra Radna told CNBC. “And then, once you have that suspicion, to go after it.”

    After determining whether your estranged partner has any digital assets, your attorney can file a court order to access their electronic devices.

    Computer experts can search for electronically stored info that signal crypto currency activity online or login credentials, proof of transfers and investments, or even information from past tax returns.

    However, not all cryptocurrencies will be as easy to track down.

  • The Sun

    DOGECOIN CONTINUES TO CLIMB

    The price of Dogecoin is continuing to climb after Elon Musk posted another crypto meme.

    It is heading back towards $0.40 after he shared his second Shiba Inu image in just a number of hours.

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