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The price of the dogecoin cryptocurrency rose today as other digital tokens traded under pressure. Dogecoin rose more than 6% to $0.09 while major cryptos Bitcoin and Ether lost 2% and 4% respectively in the last 24 hours. Dogecoin has gained almost 25% in the past week, opening up a lot of cryptocurrencies. "The most popular meme, DOGE, has run a mega crisis and become one of the best crypto assets. Elon Musk, who is a strong supporter of DOGE, announced that his Twitter version will take care of the reward. DOGE is a strong candidate to be Twitter official cryptocurrency. DOGE was designed as a payment system, but could not find a real use case. If DOGE integrates with the Twitter payment ecosystem, it will create a use case for the meme coin and boost its growth," said Shivam Thakral, CEO of crypto exchange BuyUcoin. “DOGE also came close to surpassing XRP in terms of market share. This motivation may be due to the rumors surrounding Twitter launching an expected payment plan where DOGE will be used. In addition, Musk desire to build his own Tesla phone if Twitter and all the app stores are removed from the mobile device added power, boosting the game. Dogecoin supporters predicted that DOGE could be used as a means of payment in these cases and make it stronger," said Edul Patel, CEO and founder of Mudrex. Dogecoin is down 44% in 2022 (YTD or YTD) so far, while Bitcoin is down almost 65%. Dogecoin is a parody cryptocurrency created by software engineers Billy Markus and Jackson Palmer in 2013. The Global cryptocurrency market capitalization remained below the $1 trillion mark today as it fell more than 2% in the past 24 hours to $855 billion, according to data from CoinGecko. . Crypto prices remain under pressure this month after the collapse of Sam Bankman-Fried FTX empire. Now investors are watching other crypto companies to see where the spread can spread.

The FTX fiasco continued to turn cryptocurrencies upside down as investor sentiment waned. The global crypto market value, which was about $1 trillion a few weeks ago, has dropped to less than $800 billion, and many cryptocurrencies are recovering well. Billions of dollars worth of wealth has been destroyed! Can crypto investors handle more complexity? Bankruptcies seem to be common in the past few months among crypto exchanges as illiquidity continues to be one of the main issues among them, but it destroys trust the hearts of investors, causing the market to fall. It seems that the bankruptcy crisis is not ending soon, and it is said that crypto brokerage Genesis Trading may be on the verge of bankruptcy. Although FTX announced its failure on November 11, investors already panicked and sold the exchange FTT token days before the actual announcement. FTX problems came to light when its sister company Alameda balance sheet raised questions about the foundation heavily stocked FTT tokens instead of independent assets like fiat money or other cryptocurrencies. Despite the assurances of Sam Bankman-Fried that everything is fine with FTX and the group as a whole, however, everything finally fell apart when FTX filed for Chapter 11 to start the process of restructuring and investing in order for the benefit of all stakeholders in the world. Currently, at the time of writing, on CoinMarketCap, the global crypto market is around $781.26 billion, down 1.77%. Major cryptos Bitcoin and Ethereum are below $15,800 and $1,100 --- down about 2% each in the past 24 hours. Meanwhile, the FTX token is struggling to hold the $1 mark. FTX has fallen more than 29% in the past seven days, while its monthly decline is more than 94%. But why the FTX problem with Genesis? Why is there speculation about Genesis money? Genesis has been updating its relationship with FTX for the past few days after Alameda balance sheet got questioned and FTT score dropped. On November 9, Genesis tweeted, "Genesis has a business relationship with FTX, among other variables. Our exposure to FTX does not affect our ability to serve our customers." On the same day, the trader said, "in anticipation of the extreme volatility of the market ... we closed and sold contracts, causing a loss of about $ 7 million across all parties, including Alameda". Then Genesis said later, to emphasize, Genesis has no ongoing loan relationship with FTX or Alameda.On the day FTX filed for bankruptcy, Genesis tweeted that "the production business now has about $175 million in funds locked in our FTX account, adding that" this does not affect the business we hold. Step"

The first question cryptocurrency owners should ask themselves right now is whether bitcoins, dogcoins and other tokens are safe. Get them in the hands of the wrong dealer or manager, and they can go off into a never-ending cycle of withdrawals, which may never happen. The second question is closely related: has the price fallen enough to justify a purchase? There is no clear answer, of course, since these are speculative assets with no basis for speculation. But for other speakers and true believers who think that we will all end up using the crypto financial system, it is worth thinking about how investors are prepared for the system crisis. For the rest of us, it fun to watch from the sidelines. The easiest way is to look at the prices. Since peaking in November, bitcoin has fallen 77% against the dollar, a dramatic decline. Since the first crypto crisis in May, before Sam Bankman-Fried FTX has stepped in to calm things down, bitcoin has almost collapsed. But since the run on FTX that started with CoinDesk report about its hedge funds earlier this month leading to its payout, the price has fallen more than 20%. There is no way to say for sure how much confidence in the crypto ecosystem has been damaged by the magnitude of the failure. But on a larger scale, the 77% drop in prices is not that far off from the 85% drop in US stocks from the peak to the financial crisis of 2007-2009. Bitcoin is also better than a bank because it itself cannot fail, although the exchanges that allow it to trade seem to fall like dominoes (and unlike banks, they do not have the Federal Reserve to save them). Take that thought, and perhaps most of the loss of faith has already been explained in this process. The removal of speculators is another proof of this. Some crypto hedge funds have no choice but to stop trading as their funds are locked in a collapsed exchange. Others have chosen to take less risk, which means less money to support the value of crypto. The proof is, first of all, that there is little demand to borrow crypto assets, because speculators no longer want to take more risks. The interest that can be obtained by lending tether, a "stablecoin" that is pegged to the value of the dollar, has fallen to only 2-3%, less than what can be obtained from the risk-free dollar . There is almost no demand for bitcoin lending, and lending rates on Aave and Compound, two decentralized financial platforms for borrowers and lenders, are close to zero. Second, advertising in the popular arbitration market has increased dramatically. These are businesses that are successful when investors want to take risks, because the benefits are easy to calculate - for example, using different price values for different crypto groups separate, or buy a publicly traded company that holds shares. . These and other arbitrage transactions are no longer popular because they require a lot of involvement and involve the risk that the counterparty, exchange or listed company will fail. Third, the number of stablecoins in circulation has decreased as loans are repaid. There was only $65 billion outstanding, down from a peak of $83 billion in May.

Although investors are still digesting the damage from yesterday events in the cryptocurrency market, some analysts warn that the drama will not end anytime soon. Cowen analysts said investors should watch the situation "carefully" as the US government could step in and block the deal. "We are concerned in Washington that the Committee on Foreign Investment in the United States [CFIUS] may want to investigate it for national security concerns and its implications for the United States. different from FTX," the researchers said in a. a customer. say. Analysts believe that this drama continues to undermine the entire cryptocurrency market through the US legal system. Congress may hold more hearings next year focusing on whether the global crypto revolution threatens financial stability in the United States. "It does not matter if it is a global change. It makes the news that the crypto industry takes too much risk without any care," said the researchers. The biggest winner may be the United States Securities and Exchange Commission (SEC), as its chairman, Gary Gensler, advocated for stronger crypto regulations. It is hard for the SEC to approve Bitcoin ETF spots. "We expect him to refer to the current FTX issue to further prove his point. This means treating many tokens as securities and forcing trading platforms to register as exchanges." "We already doubt that Congress can pass comprehensive crypto legislation next year. This controversy changes our thinking. We believe it is now difficult to pass bills like Lummis/Gillibrand. Still, it could pave the way for bills that take a more aggressive approach to regulation," Cowen analysts concluded.

Bitcoin, Ethereum, and maximum cryptocurrencies prolonged losses on Monday. The worldwide crypto marketplace cap stood at $1 trillion, with an extent of $70.1 billion withinside the beyond 24 hours. "The meme coins, flying excessively over the information of Elon Musk`s Twitter throne, regarded to have died down. The charge hikes introduced on Friday with the aid of using the American Federal Reserve and the Bank of England did now no longer appear to transport the crypto marketplace. BitcoinThe world`s biggest and maximum famous digital currency, Bitcoin, fell 1.2 percent to $20,989.5. Its marketplace fee stood at $403.four billion. The exchange extent changed to $53.6 billion. EthereumThe 2nd biggest digital currency, Ethereum or Ether, fell 1.5 percent to $1,592.7 with a marketplace capitalization of $194.nine billion. The alternate extent of Ethereum was $12.five billion withinside the closing 24 hours. DogecoinMeme-primarily based totally digital currency, Dogecoin, slumped 5.2 percent on Monday. Its marketplace cost stood at $15.6 billion. The alternate quantity became $1.three billion. Shiba InuShiba Inu fell 2.2 percent with a marketplace capitalization of $6.6 billion. The alternate quantity became almost $418 million withinside the remaining 24 hours. SolanaSolana slipped eight.three percentage to $32.eight with a marketplace capitalisation of nearly $11.eight billion. The alternate extent of Solana was $1.7 million withinside the ultimate 24 hours. PolygonPolygon jumped 7.1 percent with a marketplace capitalization of $10.8 billion. The changing extent was $952.four million withinside the final 24 hours.

BTC is still trading above the $20,000 level despite falling 0.67% on the day. BTC price breaking above 50 weekly EMA will be a reversal of market volatility. BTC daily 20 EMA has crossed above the 50 EMA line. Crypto market leader Bitcoin (BTC) is still trading above the $20,000 level despite a price increase of 0.67% over the past 24 hours, according to CoinMarketCap. The current price of BTC is also down 2.19% for the week. Its price can reach a daily high of $20,742.81 and a daily low of $20,087.13. Meanwhile, the daily trading volume for BTC increased by 43.14% to bring the total trading volume to $55,757,082,615. Investors and investors withinside the crypto markets were debating whether or not or now no longer BTC has reached its backside for this endure marketplace, as a backside for BTC will in the long run suggest that a turnaround for the crypto marketplace is close to or taking place. Looking on the weekly chart for BTC/USDT, the charge of BTC has been in a -week high quality series main as much as this week`s candle. The charge is now coming near the weekly 20 Exponential Moving Average (EMA) line. Should BTC`s charge smash above the weekly 20 EMA, then it may be argued that BTC`s backside has been established, and the crypto marketplace will begin turning round withinside the following weeks. A particular affirmation of a marketplace turnaround could be whilst BTC`s weekly 20 EMA line crosses bullishly above the 50 EMA line. A principal bullish flag has been signaled on BTC`s each day chart because the each day 20 EMA has simply crossed above the each day 50 EMA. If the traces do now no longer move bearishly over the following days, it may be a very good possibility for investors to go into into a protracted swing trade.

Everything you need to know about mining crypto on a smartphone You have two ways to do smartphone crypto mining. The first is just mining, where you are alone, fighting other miners with the computing power of your phone. The second is pool swimming. Here, you combine your resources with others, increasing the chance of rewards and receiving a percentage of those rewards based on the ability to calculate the amount you add to the pool. If we step outside and look at the progress we have made in terms of computer power, chips and circuits, we will be impressed. From room-filling machines in the 1960s to 10 times the computing power of a simple calculator, we have come a long way. This also applies to smartphones and our bags. These devices are becoming more sophisticated with each passing minute and their benefits have extended across the spectrum of communication. Today, smartphones are used for banking, internet browsing, gaming, and recently, crypto mining.In this article, we discuss crypto mining on smartphones, what it is, how it works, how it benefits and others. Lets get started! What is crypto mining? When a cryptocurrency works with a proof-of-work (PoW) system, you will need computing power to add new blocks to the blockchain. Miners use their computing power to solve mathematical equations. A miner who solves these equations is allowed to add new blocks and get paid the newly created crypto for all their efforts. In crypto mining, computing power is a resource calculated from the hash rate, i.e. the number of calculations processed per second. Naturally, the system is more powerful than others. At first Bitcoin could be mined using a normal PC, but that changed as more miners joined the race and the difficulty of the network increased. Today, Mining works in many companies where you have a house full of ASICs (ASICs) for the sole purpose of mining. What is mobile mining? Can you use your mobile to make Bitcoin or other crypto? Yes. But can it be useful enough as a source of livelihood? Not really. In fact, as more miners enter the fray, the difficulty of mining has increased significantly and the mining reward has been decreasing periodically, every four years in the case of Bitcoin. Smartphones today have more computing power than their size. They use a 5nm chip that works just as efficiently as any other chip that can be used to mine cryptocurrency. However, there are two drawbacks regarding smartphones and crypto mining. The first is their computer power. The hash rate of a smartphone can range from 4 H/s to 50 H/s. In comparison, a Bitcoin ASIC mining rig can have a hash rate of 950 TH/s (trillion hashes per second). Therefore, it is clear that mining BTC using only a mobile phone is a difficult task, especially when you are facing a large mining company with thousands of ASICs. All these platforms are trying to get the same block that you are trying to mine with your smartphone. Another bad thing is that smartphones are used more than any other device in our daily life. If the device uses its power continuously, the battery drain will be fast and negative. In addition, the smartphone should be fully functional almost all day, which will significantly reduce its lifespan. How to mine crypto with a smartphone? Regardless of failure, if you want to get into smartphone crypto mining, you have two ways to do it. The first is solo mining, where you are alone, fighting other miners with the computing power of your phone. For mobile crypto wallets, you need to download one of these apps to get started. MinerGate Mobile Miner It is an easy to use tool that can help you not only Bitcoin but also other listed altcoins. It comes with its own wallet configuration where you can store your virtual crypto to transfer it later. Bitcoin Miner Bitcoin Miner is another crowd favorite when it comes to mobile crypto mining. It is called Bitcoin Miner but allows other altcoins, adding new coins frequently. Youtuber TechWizTime tried to explain the benefits of cryptocurrency mining on Android phones. For his experiment, he tried to mine Monero (XMR) using a combination of three OnePlus 5T, 1 Xiaomi Redmi 5 Plus, 1 Bluboo S8 Plus, 1 Lenovo Tab4 Plus, and 1 Umidigi S2 mobile phones. These seven devices gave him a combined packet hash rate of 110 H/s and earned him $0.78 per week. When you consider the cost of the equipment and the ability to run them 24/7, it would not be a huge investment. In addition, the phones will not be able to be used after they have worked for a long time, and they will not have any profit to sell, because their parts would have transferred a lot of debt. Therefore, the second, relatively simple option is the mining pool. Here, you combine your resources with others, increasing the chance of rewards and receiving a percentage of those rewards based on the ability to calculate the amount you add to the pool. For mining pools powered by smartphones, you can download the F2Pool mobile app or the ViaBTC package to get started. Conclusion The value of bitcoin mining or altcoin mining on mobile depends on many factors such as the difficulty of the network for the coin, the computing power of your smartphone, the price of the coin in the market and other factors. You should evaluate the benefits of mining considering all these factors before putting your mobile device into crypto mining.

Major cryptocurrencies have extended losses on Monday. Bitcoin remains below the $21,000 mark. The global crypto market value stands at $1 trillion, with a figure of $72.6 billion in the last 24 hours. Bitcoin | The worlds largest and most popular cryptocurrency, Bitcoin, fell 1.4% to $20,486.9. Its market value stands at $393.2 billion. The business value is $32.8 billion. The index has fallen 5.4% in the past seven days."Bitcoin continues to trade below the $21,000 level as bulls lose control over the past 24 hours. If BTC can trade sideways this week, the Bulls can move forward and fall near the support line. If the demand increases a bit today, we may soon see BTC testing the $21,000 level. If the bull stops, BTC can fall to $20,300 and reach $19,600," said Edul Patel, CEO and founder of Mudrex.Ethereum | The second largest currency, Ethereum or Ether, fell 2.5% to $1,581.2 on a market capitalization of $192.7 billion. Ethereums market cap is almost $14.8 billion in the last 24 hours. The token has jumped 16.3% in the past week.On Ethereum, Patel said, "If ETH can support that value, we can see it reach its next resistance at $1,600. If the bears cannot hold the path, The upside may continue this week, and this may lead to a test of the $1,700 area."Dogecoin | Virtual currency Dogecoin fell 3.7% to $0.1. Its market value is almost $16 billion. The business value is $7.7 billion. Free money poured over 100% in 7 days.Solana | Solana fell more than one percent to $32.7 on a market capitalization of $11.7 billion. Solana market value is $818.3 million in the last 24 hours.Shiba Inus | Shiba Inu fell 7.5% with a market capitalization of $6.6 billion. The trading volume was $1.1 million in the last 24 hours.Polygon | Polygon fell 2.8% to $0.8 on gross sales of $7.7 billion. The trading volume was $353.1 million in the last 24 hours.