MELANIA Trump has launched her first-ever NFT to help kids in need.
The former first lady announced the release of the token on Wednesday, and revealed it is called “Melania’s Vision”.
“I am proud to announce my new NFT endeavor, which embodies my passion for the arts, and will support my ongoing commitment to children through my Be Best initiative,” Melania said in a statement.
“Through this new technology-based platform, we will provide children computer science skills, including programming and software development, to thrive after they age out of the foster community.”
As of 10:45am ET, Bitcoin was up more than 3 percent on CoinBase.
At the same time, Shiba Inu was up 4 percent on CoinBase.
Read our cryptocurrency live blog for the very latest news and updates…
Speaking to the BBC, the two 30-something German men behind Mr Goxx the crypto-trading hamster explained that the idea started as a joke.
“We felt that everything keeps getting more expensive these days and building savings is super-hard to achieve with high rents to pay,” they said.
“It seems like most people from our generation see no other chance than throwing a lot of their savings on the crypto market, without having a clue what’s going on there.
“We were joking about whether my hamster would be able to make smarter investment decisions than we humans do.”
Goxx’s ‘Decision tunnels’
The amount to be traded was determined when Goxx ran through one of two “decision tunnels”.
Depending on which tunnel he ran through, the amount he would buy or sell in cryptocurrency changed in 20 euro increments.
All of the data was rigged to a computer that made the transactions in real-time on Goxx’s behalf.
Crypto-trading hamster, continued
The four-legged financial fiend was not completing transactions himself, of course.
Instead, Goxx’s trading decisions were made inside a camera-rigged “office” attached to his regular cage.
Every day, when he entered the office, a stream was started on Twitch and a tweet was sent out to his followers notifying them that trading had begun.
The hamster then ran on an “intention wheel” that chose one of 30 different cryptocurrencies to trade.
Crypto-trading hamster outperformed market
A hamster in Germany previously traded in cryptocurrencies and consistently outperformed the S&P 500.
The furry animal, called Mr Goxx, was busy working since June, thanks to a specially adapted cage.
He determined which currencies to buy or sell by running on his wheel or walking through one of two tunnels.
Mr Goxx started trading on June 12 this year.
The site states that the page is just for fun and does not offer financial advice.
Bitcoin milestone, part two
Bitcoin was created in 2009 by an unknown computer whizz using the alias Satoshi Nakamoto.
Data from Blockchain.com on Monday showed 18.9 million of the 20,999,999,9769 possible Bitcoins had been mined.
It’s a milestone that took 12 years to reach.
Experts believe the last Bitcoin will be mined in February 2140.
One Bitcoin is currently worth around $47,000.
Value could shoot up as the coins become more scarce, experts said.
Less than 10 percent of Bitcoin left to mine
There is less than 10 percent of Bitcoin left to mine as the cryptocurrency passed a major milestone on Monday.
Data from Blockchain.com showed 18.9 million out of a possible 21 million of the virtual coins have been mined.
Bitcoin is the world’s first entirely virtual currency and new currency is created by mining, a complex online process that uses computer code.
It involves using a computer to solve a mathematical problem with a 64-digit solution to create new coins.
For each problem solved, one block of Bitcoin is processed. The miner that is first to solve the problem is rewarded with a new Bitcoin.
These new coins are then stored virtually through an online database called the blockchain.
The maximum amount of Bitcoin that can ever exist is 21 million.
Risks of investing in cryptos, part five
Finally, the truth in marketing materials is a risk in investing in cryptos.
Firms may overstate the returns of products or understate the risks involved.
Risks of investing in cryptos, part four
Another risk of investing are the charges and fees.
Consumers should consider the impact of fees and charges on their investment which may be more than those for regulated investment products.
Risks of investing in cryptos, part three
A third risk of investing in cryptocurrencies is product complexity.
The complexity of some products and services relating to cryptoassets can make it hard for consumers to understand the risks.
There is no guarantee that cryptoassets can be converted back into cash.
Converting a cryptoasset back to cash depends on demand and supply existing in the market.
Risks of investing in cryptos, part two
Another risk of investing is price volatility.
Significant price volatility in crypto assets, combined with the inherent difficulties of valuing crypto assets reliably, places consumers at a high risk of losses.
Risks of investing in cryptocurrencies
We rounded up five risks of investing in cryptocurrencies.
The first is Consumer protection.
Some investments advertising high returns based on crypto assets may not be subject to regulation beyond anti-money laundering requirements.
Will Shiba Inu’s price rise?
For Shiba in particular, there has been a fair share of volatility this year despite the recent surge.
Up until October 28, the token saw its last record high of $0.00003641 on May 11.
It’s difficult to predict how Shiba Inu’s price will change in the future because of a wide number of factors affecting it.
They include regulatory crackdowns around the world, comments by high-profile individuals such as Elon Musk, and other developments.
Shiba Inu Coin, continued
Whether you’ve already invested or not, keep in mind that making money through cryptocurrencies or other investments is never guaranteed, even with a popular one like Shiba Inu.
Cryptocurrencies are especially volatile, so their values can crash with little to no notice.
Major meme coins, part two
Another dog meme that has picked up traction this year has been Saitama inu, whose logo appears to feature a wolf surrounding a human face.
“Tokens like Shiba Inu, Dogecoin, and newest gainer Saitama are all a part of the evolution of digital finance in their own unique way,” Chris Kline, chief operating officer and co-founder of Bitcoin IRA, recently told The Sun.
Separately, Tiger King is a meme coin based on the popular Netflix series that picked up strong momentum.
The major meme coins
The surge of the meme coins this year all started with Dogecoin.
That was then followed by Shiba Inu, which both feature the same dog breed in their logos.
The image became a popular internet meme called doge, and it features the dog surrounded by text in the comic sans font with words like “much wow.”
Both Shiba and Dogecoin have been popular dog meme coins this year.
What are meme coins?
A meme coin typically gains off a social media or an internet-based joke.
It all started with GameStop and AMC earlier this year, when a Reddit mob trolled short-sellers by driving up the prices of those stocks.
The memes then spread over to cryptocurrencies – and there are now a few major ones today.