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Bitcoin price updates – Dogecoin and Ethereum reaches RECORD high as experts predict early signs of rally

A SURGE in crytpo investment this week has led to Dogecoin and Ethereum reaching yet another all-time high.

Currently, Bitcoin is trading at around $56,000 and has seen steady gains over the last few days.

Dogecoin is up by nearly 20 per cent over the last 24 hours and by 60 per cent over the last week

And the incredible price surge of Ethereum has made its 27-year-old founder a BILLIONAIRE.

Vitalik Buterin now has at least $1 billion worth of the cryptocurrency in his main wallet - making him the world's youngest crypto billionaire. Buterin spearheaded the launch of the Ethereum blockchain in 2015.

Ethereum’s cryptocurrency, ether, surged past $3,000 for the first time early Monday morning, marking a 325% rise since the beginning of this year.

Ethereum’s incredible rise came after three years of decline which saw it falling below $100 in April 2020 following a previous high of $1,200 in 2018. But over the past 12 months the currency has absolutely rocketed.

That said, as with all cryptocurrencies, there are no guarantees that any investments will make money and in many cases investors has lost absolutely everything they have put into the coins.

Read our cyptocurrency live blog below for the very latest updates...

  • MEXICAN CRYPTOCURRENCY TRADING PLATFORM BITSO RAISES $250MILLION

    Mexican fintech Bitso, a cryptocurrency trading platform, has raised $250 million, venture capital fund Cometa, an investor in Bitso, said on Wednesday.

    The resources raised represent 9% of Bitso, giving the firm an absolute valuation of about $2.2 billion, said a Cometa representative.

    “Bitso becomes the first fintech in Mexico to reach a valuation of more than $1.0 billion in the market,” said Cometa, also known as Variv Capital.

    The funds were raised in a so-called series C investment round.

    Bitso, with operations in Mexico, Argentina and Brazil, is developing other uses for cryptocurrencies, such as sending remittances, the investment fund added.

  • ETHEREUM REACHES ANOTHER ALL-TIME HIGH ON THURSDAY

    Ethereum has once again hit a new all-time high on Thursday, reaching above $3,500 for the first time in its history.

    The cryptocurrency’s price has now hit a new record on six of the last seven days, rising in price by more than 25 per cent in the process.

    A new market report by the cryptocurrency exchange Kraken suggests the rally may “still be in the early innings”, with gains still far short of the 2017 bull run in percentage terms.

    According to Kraken’s analysis, the price could be heading towards $5,200.

  • EXPLAINED: HOW TO SPOT CRYPTO SCAMS

    CRYPTO scams are popping up all over the internet. We explain how to spot them.

  • ITALIAN SOCCER LEAGUE FINAL TO GET NFT COLLECTIBLES IN DEAL WITH CRYPTO FIRM

    Italy’s Serie A soccer league and Crypto.com have signed a deal whereby the cryptocurrency platform will release digital collectibles known as NFTs to commemorate the Coppa Italia final.

    The deal, which Serie A described on Thursday as the first of its kind for a soccer league, also includes a sponsorship element, with Hong Kong-based Crypto.com designated the “official cryptocurrency and NFT sponsor” of the final.

    The match between Cristiano Ronaldo’s Juventus and Atalanta is due to take place on May 19.

    “We are the first football league in the world to sign an agreement in this new market which is extremely innovative and relevant,” said Luigi De Siervo, chief executive of Serie A.

  • FIVE RISKS OF CRYPTO INVESTMENTS

    The Financial Conduct Authority (FCA) has warned people about the risks of investing in cryptocurrencies.

  • EXPLAINED: WHY ARE CRYPTOCURRENCIES RISING?

    While lots of these virtual currencies are currently seeing massive price spikes, several experts are predicting a bubble which means prices could come crashing down at any minute.

    Price rises across the cryptocurrency world are being driven by several key factors.

    One major contributor was the direct listing of cryptocurrency exchange site Coinbase on the Nasdaq stock exchange.

    This historic float meant that people were talking about cryptocurrencies bringing lots of attention to the sector, and was linked to record-breaking Bitcoin prices.

    Another significant factor is that some mainstream businesses have said that they intend to start letting customers pay in some of the more well known virtual currencies.

  • EXPLAINED: WHAT IS CAROLE BASKIN'S $CAT 'ALTCOIN'?

    $CAT is a freshly minted “altcoin," invented in 2008 as an alternative to Bitcoin.

    Baskin has launched the digital currency exclusively on Rally, an open network that enables creators to launch their own coins on the Ethereum blockchain.

    However, CoinTelegraph noted that Baskin appeared to have misunderstood differences between Bitcoin and altcoins.

    "At this point, both the USD and Bitcoin are fiat currencies, but at least Bitcoin and other altcoins have scarcity built in and now there is much more broad adoption of them in our everyday lives," she had said.

  • CAROLE BASKIN LAUNCHES CRYPTOCURRENCY (CONTINUED...)

    “I like the idea of putting the power of money in the hands of the people, rather than banks and governments,” she added in a statement posted to Big Cat Rescue’s website. 

    Baskin’s new cryptocurrency will allow fans to buy merchandise or online experiences from her Big Cat Rescue center in Florida from $5. 

    She claimed in a tweet that the new $CAT coin “is not a currency for investment.”

    Instead, she says it “is a purrency of our fans to show love for the cats” and will act as a fan token for supporters of her sanctuary. 

  • TIGER KING’S CAROLE BASKIN LAUNCHES $CAT COIN IN CRYPTO WAR WITH ELON MUSK AND DOGECOIN

    TIGER King’s Carole Baskin has described herself as “purring like a bobcat rolling in catnip” after launching her own $CAT coin to rival Elon Musk and Dogecoin. 

    Baskin launched the $CAT "purr-ency” on Tuesday as she voiced concerns about “the volume of US dollars that are being printed and distributed with nothing to back them up.” 

    Read more here.

  • MEXICAN CRYPTOCURRENCY TRADING PLATFORM BITSO RAISES $250MILLION

    Mexican fintech Bitso, a cryptocurrency trading platform, has raised $250 million, venture capital fund Cometa, an investor in Bitso, said on Wednesday.

    The resources raised represent 9% of Bitso, giving the firm an absolute valuation of about $2.2 billion, said a Cometa representative.

    “Bitso becomes the first fintech in Mexico to reach a valuation of more than $1.0 billion in the market,” said Cometa, also known as Variv Capital.

    The funds were raised in a so-called series C investment round.

    Bitso, with operations in Mexico, Argentina and Brazil, is developing other uses for cryptocurrencies, such as sending remittances, the investment fund added.

  • ETHEREUM REACHES ANOTHER ALL-TIME HIGH ON THURSDAY

    Ethereum has once again hit a new all-time high on Thursday, reaching above $3,500 for the first time in its history.

    The cryptocurrency’s price has now hit a new record on six of the last seven days, rising in price by more than 25 per cent in the process.

    A new market report by the cryptocurrency exchange Kraken suggests the rally may “still be in the early innings”, with gains still far short of the 2017 bull run in percentage terms.

    According to Kraken’s analysis, the price could be heading towards $5,200.

  • WHAT IS THE NEW CRYPTOCURRENCY SAFEMOON?

    What is the new cryptocurrency SafeMoon?
  • EXPLAINED: HOW TO SPOT CYRPTO SCAMS

    CRYPTO scams are popping up all over the internet. We explain how to spot them.

  • ITALIAN SOCCER LEAGUE FINAL TO GET NFT COLLECTIBLES IN DEAL WITH CRYPTO FIRM

    Italy's Serie A soccer league and Crypto.com have signed a deal whereby the cryptocurrency platform will release digital collectibles known as NFTs to commemorate the Coppa Italia final.

    The deal, which Serie A described on Thursday as the first of its kind for a soccer league, also includes a sponsorship element, with Hong Kong-based Crypto.com designated the "official cryptocurrency and NFT sponsor" of the final.

    The match between Cristiano Ronaldo's Juventus and Atalanta is due to take place on May 19.

    "We are the first football league in the world to sign an agreement in this new market which is extremely innovative and relevant," said Luigi De Siervo, chief executive of Serie A.

  • FIVE RISKS OF CRYPTO INVESTMENTS

    The Financial Conduct Authority (FCA) has warned people about the risks of investing in cryptocurrencies.

  • WHY ARE CRYPTOCURRENCIES RISING?

    While lots of these virtual currencies are currently seeing massive price spikes, several experts are predicting a bubble which means prices could come crashing down at any minute.

    Price rises across the cryptocurrency world are being driven by several key factors.

    One major contributor was the direct listing of cryptocurrency exchange site Coinbase on the Nasdaq stock exchange.

    This historic float meant that people were talking about cryptocurrencies bringing lots of attention to the sector, and was linked to record-breaking Bitcoin prices.

    Another significant factor is that some mainstream businesses have said that they intend to start letting customers pay in some of the more well known virtual currencies.

  • NOT APPY

    Popular trading app Robinhood struggled to keep up with the surging demand for cryptocurrencies.

    The platform is back up and running after going down for a short time for buyers and sellers of bitcoin, dogecoin and other cryptocurrencies.

    On Robinhood's status page. the tech company said "all systems are now operational" but earlier it experienced technical issues leaving users unable to trade.

    An earlier message said: "We are experiencing issues with crypto trading. We are working to resolve this as soon as possible."

  • THE DOGEFATHER

    Dogecoin is currently enjoying an all-time high, but that might change with Elon Musk's upcoming Saturday Night Live appearance.

    On April 28th, Elon Musk tweeted that he was "The Dogefather" to promote his upcoming SNL appearance — and that tweet sent the cryptocoin skyrocketing.

    When Musk made that funny tweet, he sent Dogecoin into the stratosphere — give it a gob-smacking 144.44%. Since the beginning of the year, Dogecoin has jumped 13,955.42%.

    And with Musk promising — or threatening — to mention the popular cyptocoin during his upcoming late-night comedy appearance, market experts are carefully watching what will come next.

    The Tesla CEO's upcoming SNL appearance — which will feature Miley Cyrus as a musical guest — has already been met with controversy on social media, with long-time fans of the show speculating that he will bomb with such "dad joke skits" as "Irony man" and "Baby Shark & Shark Tank merge to form Baby Shark Tank."

  • COULD ETHEREUM BECOME THE BIGGEST CRYPTOCURRENCY?

    According to UK Investor Magazine, a survey recently conducted said that 68% of people would be most likely to invest in Ethereum.

    The survey said that 18% of the people surveyed would invest in Bitcoin leaving 14% undecided.

  • MEXICAN CRYPTOCURRENCY TRADING PLATFORM BITSO RAISES $250MILLION

    Mexican fintech Bitso, a cryptocurrency trading platform, has raised $250 million, venture capital fund Cometa, an investor in Bitso, said on Wednesday.

    The resources raised represent 9% of Bitso, giving the firm an absolute valuation of about $2.2 billion, said a Cometa representative.

    "Bitso becomes the first fintech in Mexico to reach a valuation of more than $1.0 billion in the market," said Cometa, also known as Variv Capital.

    The funds were raised in a so-called series C investment round.

    Bitso, with operations in Mexico, Argentina and Brazil, is developing other uses for cryptocurrencies, such as sending remittances, the investment fund added.

  • WHAT IS BITCOIN?

    Bitcoin is a virtual currency that was created in 2009 by an unknown computer whizz using the alias Satoshi Nakamoto.

    Unlike physical currencies such as pounds, dollars or euros, which come in physical notes and coins, Bitcoin isn't printed or minted.

    Instead, Bitcoin tokens are a digital-only form of payment and are created by a computer code.

    If you have invested in Bitcoin, you can set up a virtual wallet to store, keep track and spend your digital money.

    You are also able to purchase Bitcoin through an online exchange or Bitcoin ATM -  but not all businesses accept Bitcoin as a form of payment.

    You can use the Where To Spend Bitcoin UK website to find merchants that accept the currency.

  • HOW TO SPOT CYRPTO SCAMS

    CRYPTO scams are popping up all over the internet. We explain how to spot them.

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