Crypto prices LIVE – ‘Unvaxxed Sperm’ coin is launched to rival Bitcoin by ‘anti-vax activists’ but crashes in two days

December 7, 2021 CoinCapCentral Dogecoin 0

A NEW anti-vaccine cryptocurrency called ‘Unvaxxed Sperm’ has been blasted as a “scam” after it crashed just two days after launching.

Activists launched the new coin around a week ago, and its crude name is based on the false belief that Covid vaccines affect fertility. There is no medical evidence to support this claim.

One of the coin’s developers – who referred to himself only as ‘Fauci’ – told VICE: “To a degree, I’d say we are anti-vaccine.”

But another insisted they were not, telling the outlet they were “here to ensure the continuity of objective scientific inquiry.”

The value of the coin – which trades as “nuBTC” exploded last week, jumping 500% on Wednesday to $0.000012 according to Coinbase.

But it was slammed as a “scam” by some users on Twitter after the value crashed just two days later.

By Monday at midday, 93.25% of its value had been wiped out, and it was worth just $0.00000081.

It comes as other cryptocurrencies have also seen a slump in recent weeks.

Bitcoin rose in value on Monday morning after its price plummeted early Friday. It is now over $48,000 on Coinbase and only down -1.85 percent over the last day.

Shiba Inu has also been regaining ground since Saturday after seeing its value fall significantly. It is trending toward “buy” on Coinbase.

Read our cryptocurrency live blog for the very latest news and updates…

  • WHAT IS FANTOM?

    Fantom is a blockchain platform that was founded by a South Korean computer scientist in 2018.

    The platform has programs, called small contracts, which allow blockchains to run more advanced transactions than just sending cryptocurrency from one person to another.

    Fantom is considered to be a competitor of Ethereum, which also offers small contracts.

  • RISKS OF INVESTING IN CRYPTO, CONTINUED

    • 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.  
    • Marketing materials: Firms may overstate the returns of products or understate the risks involved.

  • RISKS OF INVESTING IN CRYPTO

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

    • Consumer protection: Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements. 
    • Price volatility: Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses.
    • 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. 

  • 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.

  • WHAT IS THE ENTIRE CRYPTO MARKET WORTH?

    Roughly, the entire crypto market is currently worth around $2.6trillion.

    The value of the market going forward is likely to fluctuate, as it greatly depends on what cryptos decide to do next.

  • EL SALVADOR ADOPTS BITCOIN, CONTINUED

    However, those who do not have access to technologies that can carry out Bitcoin are excluded from being required to accept it.

    The US dollar and Bitcoin are now the country’s official currencies.

    It’s the first time Bitcoin has been adopted as a legal tender in a sovereign nation.

  • EL SALVADOR ADOPTS BITCOIN

    The nation’s president Nayib Bukele passed a bill in June that stated that from September 7, Bitcoin can be used in any transaction and all businesses must accept the e-currency as payment.

    The law also states that tax contributions can be paid via Bitcoin and exchanges in the cryptocurrency will not be subject to capital gains tax.

    Under the new law, El Salvador will “promote necessary training and mechanisms so that the population can access [Bitcoin] transactions.”

  • DOGEZILLA COIN: THE NEXT ‘MEME COIN’ SEES SURGE

    A newly-launched cryptocurrency, DogeZilla has exploded out of the gate.

    In the past 24 hours, the cryptocurrency has surged 130 percent. It’s currently trading at less than $0.000000000001, according to CoinMarketCap.

    Within its first eight days of existence, DogeZilla has been said to have grown into a super microcap of $500million from just $50,000. 

    Billionaire Elon Musk has also already gotten involved with DogeZilla by posting a tweet.

    Replying to a tweet about an underwater mud volcano, he wrote: “Cover story for Godzilla obv.”

  • WHAT IS DOGEZILLA?

    Founded by someone with the alias of 9ZEROES, DogeZilla models itself as a community-based project. 

    DogeZilla claims it aims to make the crypto space safer for users.

    According to DogeZilla’s whitepaper, it has a vault that verifies crypto launches.

    It says: “Obviously, it is not a 100% fool-proof method because that simply doesn’t exist in this space, but reducing risk to the highest degree is the purpose of Vault.”

    Moreover, users can gather DogeZilla tokens by holding.

    Specifically, “5% Holder Rewards are dispersed to all token holders relative to their holding percentages,” DogeZilla claims. 

    For upcoming projects, DogeZilla is planning to launch an NFTs Invasion Series in early 2022. 

    Its logo features an amused dog in what appears to be a dinosaur costume. 

  • OMICRON TOKEN SKYROCKETS AFTER NEW VARIANT NAMED

    The little-known Omicron token skyrocketed over the weekend, after a new Covid-19 variant was given the same name, before it tumbled as much as 75 percent.

    On Friday, the World Health Organization named the new Omicron variant.

    Other cryptocurrencies dropped after the announcement, and Bitcoin suffered its worth day in two months on Friday. However, it has since recovered from most of its losses.

  • WHAT IS NUCYPHER? CONTINUED

    This allows users to share private data with a number of others in a secure way.

    Holders of its token NU can stake their tokens through the network to run a node, which is responsible for creating and sending information.  

    Interestingly, NuCypher token is an ERC-20, which means it is built on Ethereum.

  • WHAT IS NUCYPHER?

    NuCypher was founded by Michael Egorov MacLane Wilkison in 2015, but it wasn’t until 2019 when the public testnet for NuCypher’s network was launched.

    NuCypher specifically operates as a decentralized key management system that uses blockchain technology.

  • CAN YOU TRADE CRYPTO ON ROBINHOOD?

    Unlike most of its discount rivals, Robinhood offers 24/7 crypto trading through its platform.

    That means you’ll have access to trade major cryptocurrencies including, Dogecoin, Ethereum, and Bitcoin.

    Its crypto investors can buy or sell with a market order, which means it’s executed at the current market price.

  • WHAT TO DO IF YOU’RE WORRIED ABOUT THE ROBINHOOD BREACH

    If you’re a Robinhood user, you should definitely be changing your password and make sure it’s a unique one.

    Users should also turn on two-factor authentication if they haven’t already done so. 

    This makes it so anyone accessing your account will also have to provide a one-time code even if they have your email and password.

    You should also look out for an email from Robinhood as the company is reaching out to people affected.

    It’s unclear if the company will reach out to everyone but it’s important to remain vigilant.

  • WHAT IS THE ROBINHOOD DATA BREACH?

    Users are being warned after a security breach at Robinhood has leaked sensitive information. 

    The breach occurred on November 3 when an “unauthorized third party” gained access to information from a number of users.

    The data affected by the leak includes email addresses for about 5 million users. The full names of 2 million users were also leaked.

    However, about 310 users suffered a more serious breach, including the release of their names, birthdays, and zip codes.

  • RISKS OF ROBINHOOD, PART THREE

    In July, the platform was also ordered to pay nearly $70million in fines and compensation for misleading customers and outages.

    If you are seeking a discount broker and are looking to open an IRA account, you can check out the following platforms: Vanguard, Fidelity, TD Ameritrade, Merrill Edge, among others.

  • RISKS OF ROBINHOOD, PART TWO

    For investing individual stocks, make sure you check company reports, Securities and Exchange Commission (SEC) filings, broker notes, and press releases so you can make the best decisions for your money.

    Another risk when choosing Robinhood along with other brokers is that they can restrict trading when there’s unusual activity.

    In fact, Robinhood faced some outrage earlier this year when it restricted trading on meme stocks including GameStop and AMC.

  • RISKS OF ROBINHOOD

    When it comes to risks, investing alone is one because you’re not guaranteed to generate a profit and the value of your assets could fall.

    If you’re choosing Robinhood so you can trade stocks and cryptocurrencies – then the game gets even riskier.

    Cryptocurrencies are not only difficult to understand but even tougher to predict when bearish trends in the market will take place.

    For example, cryptocurrency was thriving this year up until Elon Musk said that Tesla was halting the acceptance of payments in Bitcoin.